
2nd Egyptian Automotive Dealers Association conference discusses future of auto sector
We want integrated city with system of ownership, not usufruct, says Abu-Al Magd
We want integrated city with system of ownership, not usufruct, says Abu-Al Magd
Flotation of Egyptian pound supports economy, but unfavourable for the auto sector, says Aboul Magd
The Egyptian Automotive Dealers Association held a meeting for leading car importers in which the association announced it would halt the import of cars during November in support of Egypt’s economy. The association met recently, prior to the Central Bank of Egypt’s (CBE) decision to liberate the exchange rate of the Egyptian pound against the …
Osama Aboul Maged, the chairperson of the Egyptian Automotive Dealers Association, praised the Central Bank of Egypt’s decision to liberalise the exchange on Thursday, setting its value based on supply and demand mechanisms. He said the CBE’s decision will support Egypt’s economy following its successive crises due to the wide gap between the US dollar …