Latest in Tag: Automotive Highlight

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Latest in Tag: Automotive


Automotive companies offer no price cuts in Ramadan

For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …

Ahmed Amer

Opinion: car manufacturing strategy and personal interests

Over the past few weeks, the future of the Egyptian car manufacturing strategy, or in other words the “car law,” has returned to be amongst the hot topics after the crisis that occurred to this project during Angela Merkel’s visit. She announced her dissatisfaction of the project, which was accompanied by a letter from the …

Mohamed Aboul-Fotouh

Partnership allows parties to impose internal taxes without distinction between country of origin: Bayoumi

Secretary general of the Egyptian European Association at the Ministry of Investment and International Cooperation Gamal Bayoumi said that the European side did not express any official objections on the government intending to pass the automotive development law, commonly known as the Automotive Development Strategy Directives, until now. Bayoumi told Daily News Egypt that the …

Ahmed Amer

cars

Parliament’s Industry Committee ends discussions on the automotive strategy next week

Deputy head of the parliament’s Industry Committee, Mohamed El-Zeiny, said that the committee received memorandums of automobile manufacturers that have attended previous discussions with members of parliament (MPs) presenting their suggestions about the draft law of the automotive development strategy. He added that the committee held another meeting last week with some of the industry …

Abdel Razek Al-Shuwekhi

 When does the scam come to light?

Talking about announcing the new automotive strategy has become like a scam. We have been talking for three years about the government’s strategy for the auto industry; many meetings and seminars were held to discuss its features. Despite the non-existence of an auto industry law in any country, the strategy later turned out to be …

Mohamed Aboul-Fotouh

Decline in automotive spare parts sales 

Sales of spare parts for cars fell by about 50% over the past two months, after the government’s decision to liberalise the exchange rate in November. Desouky El-Sayed, head of the Spare Parts Division at the Cairo Chamber of Commerce, said that the flotation of the Egyptian pound negatively affected importers and dealers of spare …

Imad Hamdi

Automotive market starts 2017 with price increases across 131 models

The new year for the automotive industry has begun with price increases across 131 models from every famous brand in the automotive market. This rise in prices came amid new estimates set by car companies on the cost of imported cars and their components in US dollars after the Central Bank of Egypt’s (CBE) decision …

Ahmed Amer

Egypt’s feeding industries to implement automotive industry strategy when approved: experts

The feeding industries are the most important pillar in large industries, such as the automotive industry, according to vice chairperson of the Chamber of Engineering Industries Abdel Moneim El-Kady. He believes that the automotive industry strategy, which is currently being studied by the parliament, will improve the feeding industries. The strategy approves the increase of …

Hisham Salah

3rd Egypt Automotive Summit to discuss automotive industry strategy on Tuesday

Several ministers, ambassadors, and heads of foreign and local companies will come together on Tuesday for the third Egypt Automotive Summit with the goal of signing supply contracts with the feeder industries. This year, Business News is hosting the third summit through five sessions that discuss market issues during 2016, under the patronage and participation …

Daily News Egypt