Search Results for: Egyptian

BY PAUL COCHRANE

THE EGYPTIAN economy is struggling along in the wake of the revolution that ousted President Hosni Mubarak earlier this year as protests continue and workers demand more rights and better pay. And while the garment sector appears to have weathered the crisis, expecting to export more than USD2 billion in clothing this year, the spinning sector has been hit hard by the quadrupling in price of locally produced yarn over the past six months, rising from Egyptian Pounds EGP10 (USD 1.68) to EGP42 (USD7.06) per kilogram.…

BY PAUL COCHRANE

POST-REVOLUTIONARY Egypt is set to increase its minimum wage to US dollars USD117.8 (Egyptian Pounds EGP700) a month, but the move is not expected to hit the competitiveness of the country’s garment manufacturing sector.

"The increase will not have a major effect on the industry’s competitiveness," said Bassem Sultan, CEO of Alexandria-based Dyetex and honorary treasurer of the International Textile Manufacturers Federation (ITMF).…

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

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 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 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 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

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 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.…