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FINANCIAL NEWS
Car prices continue to grow in Egypt
05 Apr 2016
(MENAFN) Car prices continued to increase without stopping, registering record prices as a result of the foreign currency crisis and its effect on importing cars.
Moreover, prices have also increased due to the current grow in the dollar exchange rate against the Egyptian pound, which touched USD 1.12mn.
Accordingly, car prices have grew through the past week by 3 percent to 5 percent, which involved increases in prices for cars from BMW, Hyundai.
In addition, they will continue to increase in the coming period by 10 percent due to the continued scarcity of foreign currency.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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