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Egypt Halts Importing Used EVs to Boost Local Assembly

Egypt Halts Importing Used EVs to Boost Local Assembly
Published May 18th, 2021 - 06:00 GMT
The decision aims to spur the development of a local EV industry in cooperation with major international auto companies. (Shutterstock)
Highlights
The ministry asserted that imported EVs must be the latest model.
Egypt’s Trade Ministry decided to stop importing used electric vehicles (EVs) in a move to boost local EV assembly, according to a recent statement by the ministry.
The ministry asserted that imported EVs must be the latest model.
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The decision aims to spur the development of a local EV industry in cooperation with major international auto companies. ....

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Arab Finance - News - Egyptian Iron and Steel to compensate workers

Monday 01/25/2021 12:31:00 PM
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This decision comes following the Minister of Public Business Sector Hisham Tawfik said that EISC’s liquidation is a final decision. In addition, the liquidation ratification by EISC’s general assembly on January 11
th.
Egyptian Iron and Steel, an affiliated company of HCMI, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products. The company provides two product segments, major products, and other Products.
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