Retail News
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Egypt pushes privatization, sells tobacco company stake to UAE buyer
The Egyptian government agreed last year to privatize state assets, boost exports and increase foreign direct investment.
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Soaring tobacco prices to ease soon, says CEO of Egypt’s largest producer
Soaring prices of tobacco products in Egypt are expected to ease soon following the latest measures taken by the country to control the local market.
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Franchising in Egypt: Navigating the Legal Terrain for International Brands
Egypt, distinguished by its unique blend of historical depth and modern evolution, has progressively emerged as an attractive landscape for franchise.
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Top 10 retailers in Egypt
Egypt's retail market, set to grow from $200B in 2020 to $254B in 2025, thrives on apparel, food, and digital platforms, inviting foreign investors.
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New increase in Egypt’s cigarette prices announced
The price of the Cleopatra Box (10 cigarettes) rose to LE20, compared to LE15 previously, while Cleopatra King Size cigarettes have risen to LE27.
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Boycott campaigns in Egypt: Effective weapon or friendly fire?
FEDCOC issued a statement on Thursday calling for people to suspend the campaign, arguing that it is affecting Egyptian businesses.
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Egypt’s cigarette prices to increase once more following new VAT tax
The draft law included an increase in the fixed table tax on cigarette products in the local market by 50 piasters for the three segments.
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Spinneys continues to expand across Egypt with new opening in Obour city
The new store, which opened on October 18, is located on the main Obour axis, right next to the Chillout gas station.
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Egypt: Talaat Moustafa Group, Colin’s partner to open 3 branches in San Stefano, Madinaty
All Seasons Park is one of the latest integrated commercial centres and shopping destinations developed by the Talaat Moustafa Group.
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Egypt’s summer sale season extended to September 30
Minister of Supply and Internal Trade Ali al-Moselhi issued a ministerial decision to extend the summer sale season to September 30.
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Egyptians smoke 100bn cigarettes annually
Aman said that demand for cigarettes increases each June as there is a widespread belief that there will be a tax increase in the new fiscal year.
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Government moves to solve Egypt’s cigarettes crisis
A reference was made to increasing the supply orders for raw materials, which contributes to increasing the volume of daily production.
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Egypt's largest tobacco producer to pump an extra 50 million cigarettes daily to face shortage
According to numbers released by Eastern Company, Egyptians spent EGP 17 billion on cigarettes during the 2021-2022 fiscal year.
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Egypt's Eastern Company likely to increase tobacco prices by 17% annually over 5 years
Egypt's largest tobacco producer Eastern Company is expected to raise prices by 16.9 percent annually through FY2027/2028.
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Egypt's tobacco exports reach $35.8 mln Jan-Apr
Egypt's tobacco exports reached $35.8 million during the first four months of 2023, according to data released by CAPMAS.
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Huffs in the tobacco market
Imbabi had earlier said the upcoming tax increase is expected to range from LE0.5 to LE2 depending on the tobacco brand.
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Egyptian consumer businesses to become more lucrative in Q4 2023: HSBC
Egyptian companies operating in the consumer sector are expected to achieve higher profits during the fourth quarter of 2023.
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Egypt accounts for 50% of global jasmine production
The global production of jasmine is approximately 14 tons, with Egypt producing about 7 tons.
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Philip Morris backtracks on decision to raise its cigarettes prices in Egypt
Philip Morris International has made a sudden U-turn on its plan to increase cigarette prices in Egypt, just hours after the initial announcement.
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Carrefour opens 1st store in Porto Marina in collaboration with ACAP: Egypt
The new store is strategically located in the heart of the North Coast, at Kilometer 110 on the Alexandria-Marsa Matrouh Road.