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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

New customs, tax laws to resolve issues within automotive sector

The industry development sovereign fund gives incentives to the local product before sale and export in order to see a return on the taxes they paid, said Egyptian Tax Authority head Abdel Moneim Matar. The Tax Authority used to collect 30% of the value of a used car, but in the automotive industry strategy it …

Mohamed Samir

Automotive sector at risk of drowning following pound’s flotation: EAMA

The future of Egypt’s automotive industry is now at the mercy of the national currency’s flotation and is subject to importers’ provision of foreign currency, Hassan Soliman, head of the Egyptian Automobile Manufacturers Association (EAMA), said following the Central Bank of Egypt’s (CBE) decision to float the Egyptian pound. Soliman explained that the auto industry …

Ahmed Dawoud

ECA detects monopolistic practices in Egyptian automotive sector

The Egyptian Competition Authority (ECA) has revealed the presence of monopolistic practices in the Egyptian automotive sector, leading to a significant increase in the prices of several models and categories of cars. ECA is currently conducting a study to examine the automotive sector in order to detect  restrictions and different forms of monopolisation practiced by …

Reem Hosam El-din

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