Search Results for: Egyptian

Egypt’s attempts to crack down on corruption, commercial crime and money laundering are real. But they are being undermined by low existing standards, government authoritarianism and blind-eyes turned to military wrong-doing, anti-crime experts argue. Paul Cochrane reports.

The Egyptian government talks a good game when it comes to fighting financial crime.…

NORTH Africa is never an easy market in which to do business, and the Arab Spring and its turbulent aftermath has not helped ease trade, but as the paint industry looks to 2018, there is optimism that profits can be made.…

A RESUMPTION of flights from Russia to Egypt has been postponed to April, Russian state news agency TASS has reported, with procedural issues holding up the launch. Direct airlinks have been suspended since a 2015 terror attack on an airliner taking off from Egypt’s Sharm el-Sheikh.…

PROTECTIONISM and currency problems are posing challenges for north Africa’s beauty and personal care market, often forcing consumers to change their purchasing behaviour and turn to locally manufactured products, when they are available.

In Egypt, the region’s most populous country, the fall in value of the local currency, the Egyptian pound, against the Euro, has helped increase the price of imported products.…

TURKEY has become “a powerhouse” in the nonwovens sector and forecasts predict further growth of between 5-10% this year with “game changer” new products coming to market, according to industry insiders – but overcapacity is keeping margins tight, they warn.

Turkey is the largest nonwovens producer in the Middle East, and now the second largest in Europe, according to European nonwovens industry association EDANA.…

SOUTH Africa’s paints and coatings market will grow a cumulative 40% to South African rand ZAR9.77 billion (USD823 million) between 2016 and 2021, driven by continued construction and urbanisation, according to new figures.

Statistics supplied by market researcher Euromonitor International have forecasted that the country’s home paints market will grow from ZAR3.48 billion (USD293.3 million) to ZAR4.88 billion (USD411.5 million) during this five-year period.…

BEET and cane sugar exports from the European Union (EU) boomed in 2017, the year production quotas were scrapped (on September 30), according to figures released by the European Commission. They rose by 42.9% year-on-year, up from EUR631 million in 2016 to EUR902 million in 2017.…

THE NONWOVENS market in the Middle East and Africa (MEA) is increasingly important to the global nonwovens industry, with rising consumer demand being generated by middle classes that are growing in size. Countries in the region are also comparatively young, with high birth rates, boosting demand for diapers and wipes.…

THE EUROPEAN Union’s (EU) financial watchdog, the Court of Auditors, has highlighted concerns about how Chinese knitwear exporters maybe exploiting loopholes in EU customs and VAT controls to evade paying proper amounts of these taxes.

In a report on shortcomings in EU import procedures, the court noted how Chinese traders were abusing EU customs procedure CP42, which allows an importer to bring goods into one EU member state without paying VAT, because they will be sold in another EU country.…

EGYPT is set to become a new player in the digital textile outsourcing business, with innovative companies now laying plans to digitise their finishing within a country that has a major role in serving global brands – its garment and textile exports were valued at USD2.01 billion in 2016.…