{"id":598300,"date":"2019-05-21T02:11:10","date_gmt":"2019-05-21T02:11:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/clarification\/"},"modified":"2019-05-21T02:11:10","modified_gmt":"2019-05-21T02:11:10","slug":"clarification","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/clarification\/","title":{"rendered":"Clarification"},"content":{"rendered":"<p><b>CLARIFICATION-<\/b> We noted yesterday GB Auto Chairman Raouf Ghabbour\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/20\/govt-understands-the-importance-of-egypts-automotive-strategy-but-lacks-the-correct-vision-says-raouf-ghabbour\/\">sit-down with Al Masry Al Youm<\/a>, in which he spoke of the obstacles facing the automotive sector. For the sake of accuracy, note that Ghabbour did not pin the blame on the Madbouly Cabinet\u2019s economic group as a whole, but singled out the \u201cresponsible minister\u201d as having failed to formulate a clear vision to develop the sector. Ghabbour lauded the authorities\u2019 economic reform program in the interview.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CLARIFICATION- We noted yesterday GB Auto Chairman Raouf Ghabbour\u2019s sit-down with Al Masry Al Youm, in which he spoke of the obstacles facing the automotive sector. For the sake of accuracy, note that Ghabbour did not pin the blame on the Madbouly Cabinet\u2019s economic group as a whole, but singled out the \u201cresponsible minister\u201d as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598300","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a457490f-2513-428f-93e3-6c10d77075e4","is_powered_by":true,"section_story_id":"93d9780d-a645-4d5f-b13e-5d61b96d0ab3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598286],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Clarification - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/clarification\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clarification\" \/>\n<meta property=\"og:description\" content=\"CLARIFICATION- We noted yesterday GB Auto Chairman Raouf Ghabbour\u2019s sit-down with Al Masry Al Youm, in which he spoke of the obstacles facing the automotive sector. 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Ghabbour, who was previously GB Auto\u2019s COO, will be replaced by Karim Gaddas.","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625122,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/dont-expect-car-prices-to-drop-when-tariffs-on-eu-imports-fall-to-zero-says-ghabbour\/","url_meta":{"origin":598300,"position":2},"title":"Don\u2019t expect car prices to drop when tariffs on EU imports fall to zero, says Ghabbour","author":"enterpriseam admin","date":"27 September 2018","format":false,"excerpt":"Don\u2019t expect car prices to drop when tariffs on EU imports fall to zero, says Ghabbour: It is unlikely that prices on imported EU vehicles would drop once tariffs on them fall to zero on 1 January, GB Auto Chairman Raouf Ghabbour said at the Automech Formula 2018 conference on\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642640,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/gb-auto-ceo-raouf-ghabbour-sees-the-car-market-coming-back-in-4q2017\/","url_meta":{"origin":598300,"position":3},"title":"GB Auto CEO Raouf Ghabbour sees the car market coming back in 4Q2017","author":"enterpriseam admin","date":"20 August 2017","format":false,"excerpt":"GB Auto CEO Raouf Ghabbour sees the car market coming back in 4Q2017 as dealers run down their inventory. \"I am very confident that during 4Q, we'll be completely off the hook \u2014 off the hook in terms of stock liquidation will be completed, our inventory level will be back\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628984,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/gb-auto-could-list-gb-capital-by-2020\/","url_meta":{"origin":598300,"position":4},"title":"GB Auto could list GB Capital by 2020","author":"enterpriseam admin","date":"20 May 2018","format":false,"excerpt":"IPO WATCH- GB Auto could list GB Capital by 2020: GB Auto could list its financing subsidiary GB Capital on the EGX by 2020, GB Auto Chairman and CEO Raouf Ghabbour said, without disclosing further details on the expected size or value of the offering. 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