The Head of the General Automobile Division at the Federation of Egyptian Chambers of Commerce Omar Balbaa outline the reasons behind why car prices have been rising both in Egypt and worldwide, impacting both the seller and the consumer. During his interview with the privately-owned ETC satellite channel on Sunday evening, Balbaa explained that this was caused by a decrease in the volume of production since the coronavirus pandemic and excaberated by then Russian-Ukrainian war, as both nations manufacture parts of cars, in addition to the high cost of shipping. Balbaa addressed Egyptian President Abdel Fattah al-Sisi, saying: “I thank President Sisi for encouraging local products and nation
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