automobile sales

Automobile sales suffer sharp drop
Business

Automobile sales suffer sharp drop

Car sales in Egypt have recorded a steep drop over the past few weeks, triggered by the 25 January revolution…
Egypt halts sale of Chinese Komodo car brand
Egypt

Egypt halts sale of Chinese Komodo car brand

The Egyptian Consumer Protection Agency (CPA) decided on Wednesday to halt the production and sale of the Chinese Komodo brand…
Finance mulls duties on car guarantees
Business

Finance mulls duties on car guarantees

The Finance Ministry is thinking about levying customs duties on imported car guarantees, according to sources at the automobiles department…
Auto industry makes tentative recovery
Business

Auto industry makes tentative recovery

The local automobile market began to pick up in the past few weeks after being badly bruised by the global…
Finance Ministry to tax used cars sales
Business

Finance Ministry to tax used cars sales

A decision by Finance Minister Youssef Boutros-Ghali to impose a 10-percent profit tax on used automobile sales has drawn varying…
Local Mercedes sales unaffected by bribe scandal
Egypt

Local Mercedes sales unaffected by bribe scandal

The Mercedes bribery scandal has again made headlines, with auto manufacturer Daimler AG finally reaching a settlement with both the…
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