Latest in Tag: auto industry Highlight
Latest in Tag: auto industry
Egypt needs a new production strategy to keep up with international auto industry
Saad said there is a need to encourage small and large factories alike in order to promote a synergy that could cover the state’s target production volume, calling for grants and manufacturing incentives for companies and investors.
Auto industry pushes back against tougher EU emissions targets
European carmakers have openly questioned the EU’s 2021 car emissions goals, rejecting tougher reduction targets planned for 2030. They claim the bloc’s climate targets and its push toward more e-cars will cost jobs.The European Automobile Manufacturers’ Association (ACEA) admitted on Tuesday that Europe’s car industry would find it hard to meet the EU’s 2021 target …
EGX to have big role in financing auto industry
Exchange is good tool to borrow money in high interest rate environment, say experts
Industry ministry to form a conflict-solving committee for auto companies
Committee includes the Industrial Development Authority and the transport and feeder industries divisions
CBE-auto industry committee submits final report to CBE Governor next week
The committee suggests the abolition of intermediary companies between the investor and the government when obtaining lands, says Khaled Saad
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 …
EAFA looks forward to discussing auto industry strategy in parliament: chairperson
We urged the government to adopt an automotive project in cooperation with international companies, says chairperson of EAFA
Leaders in the auto industry prepare for ‘Egypt Automotive’ summit
Business News held a meeting to prepare for the upcoming automotive summit in December, during which chairperson Mostafa Sakr said the ambiguity of the government’s strategy for the automotive sector is delaying investment decisions in the sector
Auto industry strategy to include amendment to customs tariff, additional tax: Customs official
The law will include an additional tax to offset the decline of customs revenues on imported cars under the European Union, Turkey, and Agadir free trade agreements.
Supreme council to be formed for auto industry
Automotive industry strategy is about to be finalised, according to the Minister of Industry
Ghabbour urges government to clarify auto industry strategy
Dollar shortage, free trade agreements are main challenges for local automotive industries, says GB Auto CEO
Cabinet to approve auto industry strategy within days: Industry minister
Strategy to stimulate efficient environment for automotive industry in Egypt, says Qabil
Egypt working on new auto-industry strategy: Ghabbour
Ghabour said the Ministry of Trade and Industry had overseen the writing of the strategy, which has been submitted to the cabinet for examination.
FEI Transport Division, IDA prepare 2 proposals for auto industry strategy
Strategy presented to Minister of Finance to study sector’s tax system
GB Auto to cut exposure to Egypt market
By Reuters CAIRO: Egypt’s GB Auto, the top passenger car importer and distributor in the Middle East and North Africa, will reduce reliance on its Egyptian operations and its exposure to a potential currency crisis, the company’s chief executive said. A year of political and economic turmoil since a popular uprising in Egypt sent inward investment …
GB Auto says Q4 net rises 8 pct
By Yasmine Saleh and Tom Pfeiffer / Reuters CAIRO: Egyptian vehicle distributor GB Auto reported an 8 percent rise in its fourth-quarter net income on Monday as soaring sales of its two and three-wheeled motorcycles offset a car market weakened by the recent political turmoil. The company said in a statement posted on its website that …