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Sunday, 23 October 2016

Car dealers, assemblers meet as price-fixing probe continues

Car dealers, assemblers meet as price-fixing probe continues: An association of automobile dealers will meet today with domestic assemblers to discuss rising car prices, Al Borsa. Dealers are apparently outraged they are being blamed for the price hikes, while assemblers have also been raising prices, in part as a result of the FX crunch. The meeting is being called amid a probe by the Egyptian Competition Authority into alleged price-fixing in the industry.

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