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FINANCIAL NEWS
Egypt arranges for bold steps to boost auto industry
28 Jul 2016
(MENAFN) Egypt Automotive Summit stressed on the inadequacy of the new automotive industry strategy not to mention the essential requirement for top substructure investments.
There’s also a need to elaborate on the measures of evaluating the rate local components in cars industry, which would determine whether companies are allowed to export their products or not.
Additionally, the formulation and preparation of the new strategy must take into account the international standards and principles in determining the local component rates.
Basically, what should be done is to enhance the quantity of cars produced in Egypt, as it is not reasonable that each factory only produce 1,000 cars, plus exporting them on a wide-scale.
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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