The measure will help the company absorb increased production cost in the wake of Egypt’s currency devaluation. Read More
Tags :Egypt
The levy will be imposed on both ‘hot’ tobacco (cigarettes) and ‘liquid’ tobacco (vapes). Read More
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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
Smokers in this key market have been struggling with cigarette shortages. Read More
The company will supply 50 million more cigarettes daily in an attempt to tame runaway prices. Read More
The increase is attributed to the rise in U.S. dollar price against the Egyptian pound. Read More
This is the first price increase for the company in 2023.Read More
CEO Hani Aman attributes the hikes to a rise in the cost of raw materials.Read More
Eastern Co. will continue to produce PM cigarettes until its stock has been depleted.Read More
