For Free Headlines Submit Your Email
Thursday, April 25, 2024 17:26 GMT
Prime Minister Mohammed Madbouly has opened discussions on the car shortage crisis in Egypt. The involved entities — car companies, and banks — have come together to figure out a solution for the disruption in the supply chain. In addition to this, they discussed how the Egyptian government could relieve import restrictions on foreign cars, following the Russian-Ukrainian war. As the car sales declined for a second month in a row since April, the Egyptian government has promised to restore these lost sales and meet the country’s requirement of food and cars from abroad.