Retail News
-
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.
-
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.
-
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.
-
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.
-
Egypt accounts for 50% of global jasmine production
The global production of jasmine is approximately 14 tons, with Egypt producing about 7 tons.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
MARAKEZ complements Mall of Arabia
MARAKEZ welcomes a wide variety of new partners to its wide range of tenants at Mall of Arabia.
-
New cigarette prices after increase in Egypt
The increase in cigarettes is in conjunction with the provisions of the value-added tax and its amendments.
-
Local cigarette prices in Egypt rise by EGP 2-3 per pack
The state-owned Eastern Tobacco Company raised prices of cigarettes, cigars and pipe tobacco by an average of EGP 2-3 per pack.
-
Operating Hours for Commercial Venues to Be Extended to 2am in Ramadan
The ruling permits venues to provide takeaway and home delivery services around-the-clock.
-
GMG targets 100 new stores in Egypt by 2026
GMG is also looking to increase its current Egyptian workforce 10 times in the next four years, adding more than 1,000 jobs to the Egyptian economy.
-
Amazon.eg Ramadan sales to last till 21 march
Amazon.eg customers will have access to Ramadan deals across every product category, with additional instant bank discounts and 0% installment plans.
-
PM Madbouli reviews new program to achieve 'substantial increase' in Egyptian exports
The new program seeks to grant exporters a percentage of basic assistance