Latest in Tag: Raouf Ghabbour Highlight
Latest in Tag: Raouf Ghabbour

Unfavourable regulatory developments hamper GB Auto’s profits
Financing business bottom line hits all-time high

171 Korean projects in Egypt
The total number of Korean projects in Egypt is 171, with a total capital of $ 445m, in the sectors of electronics, textiles, automobile components, chemicals, building materials, new and renewable energy, and construction, according to Raouf Ghabbour, chairperson of the Egyptian side of the Egypt-Korea Business Council and GB Auto CEO. Ghabbour said that …

Worst finally over for Egypt business environment: Raouf Ghabbour
Economy reforms start to pay off after years of uncertainty

2017 will be a year of reform, opportunities, challenges: prominent CEOs
Challenges in 2017 present an opportunity for growth and reform

2017 to witness deflation in car sales, to increase in H2: Ghabbour
The negative impact of the Egyptian pound’s flotation on the automotive sector is not tangible yet, said chairperson of the board of directors at GB Ghabbour Auto, Raouf Ghabbour. He added that the decision reduced the value of Egyptians’ reserves in banks by almost 50%. He believes that the main problem is that Egypt’s economy …

Automotive industry must be focused on as a major industry supporting national economy: GB Ghabbour Auto Board of Directors chairperson
Pound’s flotation was necessary, automotive strategy will fix Egypt’s customs issues, said Raouf Ghabbour

GB Auto increases car prices 3 times in November, causes temporary shock in market: Ghabbour
Sales will return to normal within a few days, says the chairperson

Ghabbour rules out possibility of acquiring more dealerships in current period
GB Auto owns the dealerships of Hyundai, Mazda, Geely, Chery, and Karry

GB Auto business unlikely to be impacted by VAT: Ghabbour
Banks allocated just 5% of foreign exchange for company’s needs during Q2, says managing director

GB Auto will continue to raise prices to support profit margins: Ghabbour
The company has made progress in building stock to help overcome challenges related to stalled import procedures

Panama Papers expose the Mubaraks, tycoons and banks
Some tax haven countries come ahead of European and Gulf countries as top investors in Egypt, says former top tax official

Ghabbour calls to decrease EGP value, prioritise industrial sector
Amer should treat exchange companies as partners, says Ghabbour

Car manufacturers at risk of halting business
Egypt is losing significant investment opportunities in car industry, says Ghabbour

GB Auto plans to exit its Libya business
Company took quick steps to put tuk-tuk in Iraq, despite security unrest

Ministries of Industry, Finance need balance between Egyptian, European exporters: GB Auto SAE CEO
Customs exemption for Egyptians in the European market is 10% compared to 135% for Europeans in Egyptian market