Search Results for: Egyptian

The European Commission will press trading partners at this week’s July 7-8 G20 summit in Hamburg, Germany, to remove unfair obstacles to European Union imports, after a EU report detailed such restrictions, many affecting clothing and textile trades.

Referring to the Commission’s latest annual Report on Trade and Investment Barriers (TIBR), EU trade Commissioner Cecilia Malström warned G20 leaders it was prepared to launch World Trade Organisation cases if necessary: “We are taking action.…

THE MIDDLE East and Africa is certainly a promising regional market for nonwovens manufacturers, given the high level of economic growth in many countries and the rise of consumer-culture focused middle classes. But companies need to be sophisticated in their investment and sales tactics given the immense variety of economic and social fortunes experienced by countries in this most diverse region.…

THE PAINT and coatings sector in Egypt is growing, but its progress has been unsteady, reflecting its bumpy political progress since its 2011 revolution that brought down long-standing President Hosni Mubarak. While a construction boom dominated by huge public private partnerships (PPPs) is driving up sales of decorative paint, according to industry analysts, a weak automotive sector is holding back overall growth with slow sales of refinishing paint.…

IF the Arab Spring has often disappointed in political terms, leading more to armed conflict, oppression and chaos than civic democracy, it is undeniable that citizens in north Africa at least have often been able to indulge more personal freedom. This is well illustrated by women’s smoking habits, with more women choosing to smoke openly – and whatever the health risks, it is clear that women themselves are making the choice to smoke, a sign of social change in one of the world’s most conservative regions.…

The Egyptian uprising of January 2011, has – regrettably – put the country’s accountancy sector on the back-foot, says Hazem Hassan, chairman of the Egyptian Society of Accountants and Auditors (ESAA), part of the International Federation of Accountants (IFAC), and chairman of KPMG in Egypt.…

NORTH Africa has never been a particular easy place to do business, but female and male consumers are prepared to spend on personal care products, and profits are there for the taking for companies that take time to understand these vibrant and often contrasting markets.…

2016 – Winners and losers

RETAILERS & BRANDS

WINNERS

US-based sportswear brand Under Armour delivered its 26th consecutive quarter of 20%-plus revenue growth in the third quarter of 2016, with sales increases across all divisions. Net sales were up 22% in the third quarter to USD1.47bn.…

The Egyptian bath, shower and soap sector is growing in retail value, and will be worth USD230.6 million in 2016, according to UK-based market research company Euromonitor International, up by 16% since 2015. But overall, sales growth in this segment is sluggish due to the country’s continued relatively slow economic growth (forecast for 3.3% by the World Bank for 2016), political uncertainty and low purchasing power.…

RUSSIA is banning imports of fruit and vegetables from Egypt as of September 22. The Russian Federal Service for Veterinary and Phytosanitary Surveillance (‘Rosselkhoznadzor’) confirmed the ban and noted it is the result of Egyptian exporters’ non-compliance to Russian phytosanitary rules.…

MAJOR delays are expected at Dubai International Airport in the United Arab Emirates (UAE) after an Emirates airline plane crash-landed and burst into flames on a runway at Dubai International Airport just after 12:45pm local time today (August 3). Flight EK521 was arriving from Trivandrum International Airport, Thiruvananthapuram, India.…