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Search Results for: Egyptian

10 results out of 146 results found for 'Egyptian'.

BENEFICIAL OWNERSHIP LEDGERS BEING CREATED – BUT NOT WITHOUT SERIOUS TEETHING TROUBLES



Britain’s open register of beneficial ownership was groundbreaking worldwide but its effectiveness as a bulwark against money laundering is being debated, even as both the European Union (EU) and the US move ahead at varying pace to replicate the system. The question of whether BO registers should be open or closed is one that is being discussed in countries around the world.…

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AFRICAN GARMENT MAKERS SEEK TIGHTER CONTINENTAL INTEGRATION OF THEIR SUPPLY CHAINS, EXPO PARTICIPANTS SAY



African garment and textile manufacturers are trying to create more synergy to better integrate the supply chain within the continent, but North African producers still dominate, and are expanding capacity, particularly in Egypt, say participants at a major regional industry meeting.…

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AFRICAN GARMENT MAKERS SEEK TO INTEGRATE SUSTAINABILITY INTO THEIR SUPPLY CHAINS, EXPO PARTICIPANTS SAY



African manufacturers are trying to integrate sustainability in their textile and fashion supply chains as retailers demand compliance with increasingly high standards fuelled by consumer pressure. But to do so, manufacturers are asking for assistance from international organisations to implement change.…

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DIGITAL TEXTILE PRINTING GROWS IN EGYPT DESPITE STRUGGLE TO COMPETE AGAINST CHINESE SUPPLIERS



Digital textile printing is growing in Egypt with companies acquiring new machines and a major new player entering the market to take advantage of low labour costs and the country’s geographical proximity to buyers in Africa and Europe. Domestic demand for digitally printed textile products, however, has been sluggish, while exporters are struggling to remain price competitive compared to Chinese competitors.…

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NONWOVENS SECTOR IN MIDDLE EAST AND NORTH AFRICA STRUGGLES WITH OVERCAPACITY



THE NONWOVENS industry in the Middle East and North Africa (MENA) is still struggling with over-capacity, while declining purchasing power has hit the mid- and higher-tier segments, prompting global players to reconsider product offerings.

MENA economies have been impacted by low oil prices and regional instability, with growth forecast at 1.5% this year, down from 1.7% in 2018, according to investment bank JP Morgan.…

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EGYPT PAINT INDUSTRY EXPANDS, DESPITE WEAK CURRENCY IN INFLATING IMPORTED INPUT COSTS



THE EGYPTIAN economy is still struggling to overcome the problem of low hard currency reserves, a challenge that has negatively affected the local paints and coatings industry due its high dependence on imports.

“There has been a crisis in terms of availability of US dollars to purchase raw materials and most of the raw materials are imported,” said Himanshu Vasisht, project lead for energy and chemicals at India-based market researcher Mordor Intelligence.…

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EGYPT’S VISION 2025 PLAN IS PROMOTING CLOTHING AND TEXTILE MANUFACTURING GROWTH – BUT NOT HITTING ITS AMBITIOUS TARGETS



Egypt is moving ahead with its Vision 2025 strategy to quadruple garment and textile exports, employ a further 1 million people, and attract USD17.5 billion in investment, but the double-digit growth needed to achieve the goals have yet to be reached.…

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CHINESE CLOTHING COMPANIES TARGET EGYPTIAN TRADE ZONES AS ROUTE AVOID TRUMP TRADE WAR DUTIES



A FREE trade zone system in Egypt, linking its businesses with Israeli suppliers, is being targeted by Chinese companies wanting to access the USA, as the Trump trade war risks exports to America through standard channels. The resulting investment has been welcomed in Egypt, but some clothing and textile industry commentators are warning that large Chinese firms could muscle out local players unless Egyptian businesses are given time to mature.…

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EGYPT’S TEXTILE INDUSTRY SET TO BENEFIT FROM AFRICAN FREE TRADE TREATY



The African Union’s African Continental Free Trade Area (AfCFTA) agreement is expected to provide a boost to Egypt’s garments industry and enable it to better compete in the global market, but logistics and Egyptian export red tape will pose a major challenge, say industry executives.…

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NORTH AFRICA’S BEAUTY MARKETS CONTINUE TO GROW BUT CAN BE TOUGH TO ACCESS



NORTH Africa offers personal care product majors populous markets, close to European manufacturing centres, with large and growing middle classes (outside troubled Libya) – but trading in these countries is not without complication. Regulatory shifts, counterfeiting and some security concerns make these useful markets a challenge for brands to tap.…

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