Search Results for: Egyptian

BY PAUL COCHRANE

Egypt protests bring disruption and uncertainty to tobacco sector

The Egyptian revolution has left the tobacco sector guessing about its future in Egypt. Will the new government rein in planned smoking restrictions? Protests disrupted tobacco manufacturing in Egypt, but the sector has recovered.…

BY REBECCA COLLARD

A SENIOR partner at PricewaterhouseCoopers (PWC) Egypt has warned that his country’s accountants and auditors could face a flood of work if businesses and public authorities resume normal work. When chaos broke-out in Cairo last month, accounting firms suffered.…

BY REBECCA COLLARD

After a week of closure and weeks of disruption, Taha Fateh reopened his downtown Cairo clothing shop in late February. Fateh had been forced to close his store, which carries a variety of men’s and women’s clothing including a large range of knitwear such as dress, scarves and sweaters, as protestors clashed with police in this central downtown shopping district.…

BY PAUL COCHRANE

EGYPT’S auto industry could be preparing to get back to work after the government protests beginning on January 25 led to its major assembly plant industry closing down. This morning, BMW confirmed to wardsauto that it had restarted production on Sunday (Feb 6) of CDK models – made by a local subsidiary BAMC (Bavarian Auto Manufacturing Company), itself owned by the BMW Importership BAG (Bavarian Auto Group).…

BY MARIYA PETKOVA, BY ALAN OSBORN, BY PAUL COCHRANE, BY LEE ADENDOORF, BY MAKKI MARSEILLES AND VÉRONIQUE NARAME

THE EGYPTIAN political crisis could hardly have happened at a worse time for the European food industry, struggling to contain the significant increases in commodity prices of 2010.…

BY PAUL COCHRANE

EGYPT’S garment export industry, worth US dollars USD2 billion a year, has been struggling to cope with the political crisis in its home country, with ports closed and factories working shorter hours, if at all. But factories are still producing clothing and textiles and international clients have yet to cancel orders.…

BY MARIYA PETKOVA, BY PAUL COCHRANE, AND BY KEITH NUTHALL

AFTER the economic crisis hit Egypt’s demand for vegetable oil imports in 2009/2010, industry experts from the United States Department of Agriculture’s (USDA) foreign agricultural servicepredicted a relative recovery for this sub-sector in 2010/2011.…

BY PAUL COCHRANE, BY VÉRONIQUE NARAME AND BY SEYDOU TRAORÉ

North Africa’s tobacco market opens to the world

North Africa’s tobacco markets have long been dominated by state-run companies and monopolies. But change has slowly come to the region through increased economic liberalisation, enabling international brands to gain market share.…

BY PAUL COCHRANE

OVER the past five years Egypt has cemented its position as a fashion hub for European and American high street brands, with average annual garment exports earning the country US dollars USD2 billion, yet domestic labels are generally not exported and high-end clothing manufacturing is still very niche.…

BY OSAMA DIAB

THE EGYPTIAN Refining Company (ERC) signed a deal in August to build a US dollar USD3.7 billion second-stage greenfield refinery adjacent to the existing Mostorod refinery 40 kilometres northeast of Cairo. The purpose of the new hydro-cracking and coking refinery is to take its needs of fuel oil from the nearby Mostorod refinery owned by the Cairo Oil Refinery Company, the biggest oil refining company in Egypt contributing 20% to Egypt’s oil refining capacity, and transform it into lighter fuel such as ultra-low sulphur diesel.…