Retail News
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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.
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Eid celebrations in Egypt affected by economic challenges
Eid El-Adha holiday and its traditions in Egypt are being overshadowed by economic difficulties faced by many Egyptians.
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RiseUp Launches Egypt’s First Retail-Focused Summit at District 5
RiseUp is putting together Egypt’s first industry-focused summit ‘RiseUp Retail’ at District 5 in collaboration with Marakez.
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Egyptian discount retailer Kazyon attracts $165 mln investment from Int'l consortium
The Cairo-based Kazyon, founded in 2014, is a giant discount retailer selling basic food commodities at affordable prices.
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Noon.com announces its Eid prep sales with up to 80% off
Massive price crashes across all categories, and amazing bank offers on hundreds of thousands of items.
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Philip Morris raises prices of its cigarettes, tobacco products
Philip Morris Egypt has raised the prices of cigarettes and tobacco products, the new prices are applied starting Thursday.
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Fine Hygienic Holding acquires Easy Care, New Easy companies for cosmetics
The full integration of Easy into the FHH portfolio is expected to take place within the coming months.