Cars
CBE denies ‘Let it Rust’ saved $12bn to state treasury
Economy
February 8, 2019
CBE denies ‘Let it Rust’ saved $12bn to state treasury
The Central Bank of Egypt (CBE) denied that the “Let it Rust” social media campaign, which called for boycotting buying…
Alexandria Customs issues clearance for 11,000 cars worth LE3.28 billion
Egypt
February 5, 2019
Alexandria Customs issues clearance for 11,000 cars worth LE3.28 billion
Alexandria Customs issued customs clearance for 11,000 cars of various models worth LE3.28 billion in January, the same month saw…
Careem to inject investments up to US $120 million in 2019
Business
December 23, 2018
Careem to inject investments up to US $120 million in 2019
Careem CEO Wael Abu al-Ella stated on Saturday that the company would inject investments up to $120 million in…
Trump meets with German auto executives
Business
December 5, 2018
Trump meets with German auto executives
Donald Trump met Tuesday with executives of Germany’s three top auto manufacturers, amid efforts by Washington and Brussels to…
Taxes on cars below 1600 ccs will be reduced to LE65,000 in January: Official
Business
December 1, 2018
Taxes on cars below 1600 ccs will be reduced to LE65,000 in January: Official
Adviser to the Finance Minister for customs Magdy Abdul Aziz said on Tuesday that in the event of the…
Ghosn custody extended as crisis deepens at Nissan
Business
November 21, 2018
Ghosn custody extended as crisis deepens at Nissan
Japanese authorities Wednesday extended Nissan Chairman Carlos Ghosn’s detention by 10 days, as it emerged the car giant itself…
No significant change in prices after exempting EU cars from customs: Egyptian official
Egypt
November 20, 2018
No significant change in prices after exempting EU cars from customs: Egyptian official
Lifting customs duties on cars imported from Europe next year will not lead to a significant change in prices,…
Nissan shares plunge as Ghosn faces ouster after arrest
Business
November 20, 2018
Nissan shares plunge as Ghosn faces ouster after arrest
Nissan and Mitsubishi shares plunged Tuesday, as the automakers prepared to oust chairman Carlos Ghosn a day after he…
Egypt-EU customs duties agreement to be fully implemented in 2019: minister
Egypt
November 12, 2018
Egypt-EU customs duties agreement to be fully implemented in 2019: minister
The partnership agreement between Egypt and the EU on customs duties on cars will be fully implemented in 2019,…
Government to exempt EU cars from customs taxes in January: Ministry
Economy
October 23, 2018
Government to exempt EU cars from customs taxes in January: Ministry
Deputy Minister of Finance for Customs Affairs Magdy Abdel Aziz said on Tuesday that the government would exempt European cars…