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FINANCIAL NEWS
Egypt’s auto firms experience decline in car sales
21 Jun 2016
(MENAFN) Auto assembly companies’ performance indicators exposed drop amid the Jan-April period of this year.
Furthermore, the decline experienced by the local market is due to the lack of US dollars, which bought the sales of passenger cars down by 30 percent.
However, car sales fell down by 29.3 percent during the cited period of 2016, a slight improvement of the market after posting a decline of 31.2 percent.
The market viewed the trade of 66,400 units from early Jan until the end of April, compared to 93,900 units in a year-on-year comparison.
More News
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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