New duties are preventing the multinational from importing low-priced brands. Read More
Tags :Eastern Co.
This deal is part of a program aimed at selling stakes in 35 state-owned companies.Read More
The state’s stake in Egypt’s tobacco monopoly has now shrunk to one fifth. Read More
The measure will help the company absorb increased production cost in the wake of Egypt’s currency devaluation. Read More
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Financial
Mergers and Acquisitions
News This Week
Emirati Group Acquires a Third of Eastern Co.
Global Investment Holding is paying $625 million for a stake in the Egyptian market leader. Read More
The sale is part of Egypt’s commitment to meet the conditions of an IMF loan.Read More
The company will supply 50 million more cigarettes daily in an attempt to tame runaway prices. Read More
CEO Hani Aman attributes the hikes to a rise in the cost of raw materials.Read More
Transferring operations makes more sense than investing in existing locations, say the firm. Read More
Starting this month, smokers will have to dig deeper into their pockets to sustain their habit. Read More
