{"id":657829,"date":"2024-12-26T00:00:00","date_gmt":"2024-12-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/26\/fresh-details-on-our-car-import-scheme\/"},"modified":"2024-12-26T00:00:00","modified_gmt":"2024-12-26T00:00:00","slug":"fresh-details-on-our-car-import-scheme","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/26\/fresh-details-on-our-car-import-scheme\/","title":{"rendered":"Fresh details on our car import scheme"},"content":{"rendered":"

Good afternoon folks, and happy Thursday.<\/strong> We\u2019ve got all the latest to kick off your weekend, including fresh details on our airport privatization plans, car import restrictions, millennials\u2019 unhappiness at work, and the future of digital publishing.<\/p>\n

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THE BIG STORY TODAY<\/p>\n

#1-<\/strong> The Investment Ministry has issued a new decree that restricts <\/strong>individuals from importing more than one car every five years<\/strong>, according to the Official Gazette. The decree also requires proof of financial solvency and payment through Egyptian banks, with diplomats and Egyptians abroad the only parties allowed to pay for their vehicles from outside the country. The new rules will not apply to cars that were shipped to or arrived at Egyptian ports after the date of the decision; to cars that have already received letters of credit or payments; or to foreign embassies and select international organizations.<\/p>\n

#2- All of Egypt\u2019s airports are now up for privatization<\/strong>, with the International Finance Corporation (IFC) set to spearhead the project after getting the Cabinet greenlight, Prime Minister Mostafa Madbouly told private sector players at a a meeting<\/a> yesterday. Madbouly also noted that the IFC\u2019s offerings of airports\u2019 managements and operations should be accompanied by the private sector\u2019s establishment of new airlines, which will help Egypt expand its aviation fleet. The move brings the number of airports on offer up from the previously announced five<\/a>. <\/p>\n

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THE BIG STORY ABROAD<\/p>\n

Assad loyalists clash with Syrian authorities: <\/strong>Forces loyal to ousted Syrian president Bashar Al Assad reportedly attacked security personnel of Hayat Tahrir Al Sham (HTS), the former rebel group that has become Syria\u2019s de facto ruling authority, killing 14 individuals. The so-called \u201cambush\u201d took place in western Tartus Governorate, where HTS launched a campaign to pursue pro-Assad militias. Some reports claim that the attack was provoked by HTS\u2019 attempt to arrest an official linked to the now-notorious Sednaya prison. A curfew has been imposed until 8am local time Thursday, with the incident marking the highest period of unrest the country has seen since Assad\u2019s ouster over two weeks ago. (Bloomberg<\/a> | Reuters<\/a> | BBC<\/a> | The Guardian<\/a>)<\/p>\n

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