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Le Marché to be held in April
Furniture fair Le Marché will be held in April, after the Interior Ministry ordered that it be postponed in December,…
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Retailers to respond to EGP appreciation with promotions; price reductions await
Retailers will respond to the appreciation of the EGP with more promotions and discounts rather than by reducing prices on…
L’Oréal targets 50 percent increase in production
L’Oréal Egypt is targeting a 50% increase in production to 120 mn packs of makeup and other cosmetics, country managing…
Airlines refusing to repatriate profits following EGP float-induced losses
Some international airlines are refusing to repatriate profits from Egypt following the losses they have incurred after the EGP devaluation,…
Orascom Construction cancels 1 mn treasury stocks
Orascom Construction has announced it has completed procedures to cancel the 1 mn treasury stocks following its share buyback in…
Tourism Urbanization Co. to voluntarily delist from EGX
The state-owned Tourism Urbanization Co. has decided to voluntarily delist from the EGX, the company said in regulatory filing. The…
Welspun reaches agreement with Cotton Egypt Association, considers expanding into Egypt
India’s Welspun announced it entered into a “strategic agreement” with the Cotton Egypt Association, Reuters reported. The agreement allows Welspun…
CPA wants to crack down on the minimum charge policy
Did you know minimum charges are illegal? Consumer Protection Agency (CPA) head Atef Yacoub wants to crack down on the…
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