{"id":556421,"date":"2021-10-25T04:24:14","date_gmt":"2021-10-25T04:24:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/edita-raises-molto-price-points\/"},"modified":"2021-10-25T04:24:14","modified_gmt":"2021-10-25T04:24:14","slug":"edita-raises-molto-price-points","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/edita-raises-molto-price-points\/","title":{"rendered":"Edita raises Molto price points"},"content":{"rendered":"<p><strong>Bestselling snack is getting (slightly) more expensive: <\/strong>Edita Food Industries <a href=\"https:\/\/ent.news\/2021\/10\/Edita-Press-Release-Molto-Price-Increase.pdf\">raised the price of Molto by EGP 1 (pdf)<\/a><sup><\/sup>, and is now selling two ranges of the packaged croissants at EGP 3 and EGP 4, in a bid to improve its bottom line following the global boom in commodity prices. Their EGP 5 croissants were left unchanged.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>ADIB Egypt gets green light for consumer finance arm: <\/strong>Abu Dhabi Islamic Bank in Egypt has obtained regulatory approval to launch its consumer finance arm, ADI-Consumer Finance, according to a <a href=\"https:\/\/ent.news\/2021\/10\/%D9%85%D8%B5%D8%B1%D9%81-%D8%A3%D8%A8%D9%88-%D8%B8%D8%A8%D9%8A-%D8%A7%D9%84%D8%A5%D8%B3%D9%84%D8%A7%D9%85%D9%8A-%D9%8A%D8%A4%D8%B3%D8%B3-%D8%A3%D9%88%D9%84-%D8%B4%D8%B1%D9%83%D8%A9-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D8%B3%D8%AA%D9%87%D9%84%D8%A7%D9%83%D9%8A-%D8%B1%D9%82%D9%85%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A.pdf\">statement<\/a>.<\/li>\n<li><strong>Egypt-Cyprus double taxation treaty ratified:<\/strong> President Abdel Fattah El Sisi has ratified <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/10\/egypt-cyprus-sign-agreement-eliminating-double-taxation\/\">the 2019 agreement<\/a> between Egypt and Cyprus to eliminate double taxation, according to <a href=\"https:\/\/www.youm7.com\/story\/2021\/10\/24\/%D8%A7%D9%84%D8%AC%D8%B1%D9%8A%D8%AF%D8%A9-%D8%A7%D9%84%D8%B1%D8%B3%D9%85%D9%8A%D8%A9-%D8%AA%D9%86%D8%B4%D8%B1-%D9%82%D8%B1%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D9%81%D9%82%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D8%A5%D8%B2%D8%A7%D9%84%D8%A9-%D8%A7%D9%84%D8%A7%D8%B2%D8%AF%D9%88%D8%A7%D8%AC-%D8%A7%D9%84%D8%B6%D8%B1%D9%8A%D8%A8%D9%89\/5506161\">a decision<\/a> published in the Official Gazette.<\/li>\n<li><strong>Oaks Hotels <\/strong><strong><a href=\"https:\/\/www.hoteliermiddleeast.com\/business\/hotel-pipeline\/oaks-hotels-to-debut-in-egypt-by-2025\">will debut its brand<\/a><\/strong><strong> in Egypt<\/strong> with a 400-room hotel in the new administrative capital by <strong>2025.<\/strong><\/li>\n<li><strong>The tourism and higher education ministries <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/256507946519633?__cft__[0]=AZWzUs-THaw0igeEk9fKyRZnrXztsb3ZKPpS_n3HDYyJXpBE0w3Gl7p3nXZ9CQFywg9gr2LzSyKBZIZzjvTif6gRaPQQO9Y-Bzr8_3NQngSnZifad5YrZJ2ZhXpspuEEIGZk8-jVa_U82NeKPzzJBmEs&__tn__=%2CO%2CP-R\">signed an MoU<\/a><\/strong><strong> yesterday <\/strong>that will give international students access to the same discounted ticket prices as local students when visiting antiquity sights. <\/li>\n<li><strong>Misr Life Ins. <\/strong><a href=\"https:\/\/bit.ly\/3junfC4\">signed an agreement<\/a> with the <strong>Agricultural Bank of <\/strong><strong>Egypt<\/strong> to provide its services through the bank\u2019s branches in rural areas.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Bestselling snack is getting (slightly) more expensive: Edita Food Industries raised the price of Molto by EGP 1 (pdf), and is now selling two ranges of the packaged croissants at EGP 3 and EGP 4, in a bid to improve its bottom line following the global boom in commodity prices. Their EGP 5 croissants were [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[469,3360,111,514,211,72,145,3115,69,238,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556421","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-abu-dhabi-islamic-bank","tag-agricultural-bank-of-egypt","tag-also-on-our-radar","tag-consumer-finance","tag-cyprus","tag-enterpriseam","tag-logistics","tag-misr-life-insurance","tag-tax","tag-tourism","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"84cdbb78-8898-467b-8ae6-52bb5eceb145","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[556401],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Edita raises Molto price points - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/edita-raises-molto-price-points\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edita raises Molto price points\" \/>\n<meta property=\"og:description\" content=\"Bestselling snack is getting (slightly) more expensive: Edita Food Industries raised the price of Molto by EGP 1 (pdf), and is now selling two ranges of the packaged croissants at EGP 3 and EGP 4, in a bid to improve its bottom line following the global boom in commodity prices. 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The company\u2019s mandate will begin in 1Q2020, Abol Enein says.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":589006,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/20\/snackmaker-edita-plans-to-more-than-double-capex-in-2023\/","url_meta":{"origin":556421,"position":2},"title":"Snackmaker Edita plans to more than double capex in 2023","author":"enterpriseam admin","date":"20 June 2023","format":false,"excerpt":"That doesn\u2019t include an extra EGP 400 mn investment in newly acquired Fancy Foods","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1005.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600775,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/","url_meta":{"origin":556421,"position":3},"title":"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance","author":"enterpriseam admin","date":"10 February 2019","format":false,"excerpt":"Al Marasem International for Development is in talks with several banks to get an EGP 1.6 bn Islamic loan to finance the construction of its \u201cFifth Square\u201d project in New Cairo,banking sources tell Al Shorouk. The developer is also seeking a separate EGP 960 mn financing package to fund its\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":583721,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/20\/russia-egypt-look-to-boost-investment-and-trade-plus-adib-mastercard-israel-palestine\/","url_meta":{"origin":556421,"position":4},"title":"Russia, Egypt look to boost investment and trade. 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