EGYPT CLOTHING SECTOR STILL OPEN FOR BUSINESS, DESPITE POLITICAL CHAOS
August 1st, 2013
While Egypt's economy is reeling from ongoing political instability following the overthrow of the Muslim Brotherhood led government in July, clothing manufacturers are still operating and completing orders.“The situation is not so bad. What you see on TV is not the full picture. The good thing is that factories and businesses are still running, while ports and banks are open, so we are not badly affected,” said Bassem Sultan, CEO of Alexandria-based Dyetex. However, it is not totally business-as-usual. “There is currently a curfew, which goes from 7pm-6am, ...
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