{"id":561328,"date":"2021-04-04T04:00:32","date_gmt":"2021-04-04T04:00:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/up-in-smoke\/"},"modified":"2021-04-04T04:00:32","modified_gmt":"2021-04-04T04:00:32","slug":"up-in-smoke","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/up-in-smoke\/","title":{"rendered":"Up in smoke"},"content":{"rendered":"

<\/a> Egypt puts tender for tobacco license on ice:<\/strong> The Industrial Development Authority (IDA) has shelved a tender for a license<\/a> to set up Egypt\u2019s second tobacco company, two unnamed industry sources told Reuters<\/a>. The bidding round was slated to be held this Tuesday. Companies were informed about the decision one day before the deadline set for submitting the bids, sources added.<\/p>\n

So, when is the tender going ahead?<\/strong> Not for a while, by the looks of things. \u201cWhat we understand ... is that the postponement is for an indefinite period ... Certainly, the conditions for the auction will be changed if it is held again,\u201d one of the sources told the newswire.<\/p>\n

Background<\/strong>: The IDA issued in March a tender for the license, which would have brought to an end Eastern Company\u2019s monopoly on the tobacco industry (with a few caveats<\/a>). But a few days later tobacco players filed a complaint<\/a> with the competition watchdog alleging that the license violated antitrust rules, before another complaint was handed to the Federation of Egyptian Industries demanding that the IDA scrap the tender<\/a> and revise its terms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt puts tender for tobacco license on ice: The Industrial Development Authority (IDA) has shelved a tender for a license to set up Egypt\u2019s second tobacco company, two unnamed industry sources told Reuters. The bidding round was slated to be held this Tuesday. Companies were informed about the decision one day before the deadline set […]<\/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":[8787],"tags":[2383,1978,247,72,289,7401],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561328","post","type-post","status-publish","format-standard","hentry","category-competition-watch","tag-antitrust","tag-competition-watch","tag-eastern-company","tag-enterpriseam","tag-industrial-development-authority","tag-tobacco","wpautop","entry"],"acf":{"mongo_id":"51f44eed-71af-4820-9f66-b55ea29cb0a8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561320],"teaser":"","voice_url":""},"yoast_head":"\nUp in smoke - 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\/04\/04\/up-in-smoke\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Up in smoke\" \/>\n<meta property=\"og:description\" content=\"Egypt puts tender for tobacco license on ice: The Industrial Development Authority (IDA) has shelved a tender for a license to set up Egypt\u2019s second tobacco company, two unnamed industry sources told Reuters. 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Two industry sources who spoke\u2026","rel":"","context":"In "SPEED ROUND: COMPETITION WATCH"","block_context":{"text":"SPEED ROUND: COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/350.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563687,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/tobacco-license-tender-to-be-rolled-out-on-1-august\/","url_meta":{"origin":561328,"position":1},"title":"Tobacco license tender to be rolled out on 1 August","author":"enterpriseam admin","date":"13 July 2021","format":false,"excerpt":"Tobacco license tender goes live in August: Tobacco players will be able to bid for a license to establish Egypt\u2019s second major tobacco company from 1 August in the second iteration of a tender that was pulled earlier this year after attracting criticism for containing unfair terms, Al Shorouk reports.\u2026","rel":"","context":"In "COMPETITION WATCH"","block_context":{"text":"COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/182.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561186,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/the-latest-on-eastern-co\/","url_meta":{"origin":561328,"position":2},"title":"The latest on Eastern Co.","author":"enterpriseam admin","date":"29 March 2021","format":false,"excerpt":"New, more competitive terms for the license to establish Egypt\u2019s second major tobacco company could be introduced after several tobacco players filed a formal complaint with the Federation of Egyptian Industries\u2019 tobacco division. The complaint looks to scrap the conditions booklet the Industrial Development Authority (IDA) had issued for the\u2026","rel":"","context":"In "COMPETITION WATCH"","block_context":{"text":"COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553523,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/tobacco-tender-is-back-on\/","url_meta":{"origin":561328,"position":3},"title":"Tobacco tender is back on","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"Bringing a new tobacco competitor into the market, take three: The Industrial Development Authority (IDA) has relaunched a tender for a license to manufacture cigarettes, potentially ending the historical monopoly by state-owned Eastern Company, Masrawy reports. The license would allow for the establishment of Egypt\u2019s second major tobacco company, entering\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/243.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558237,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/good-news-for-fdi-watchers\/","url_meta":{"origin":561328,"position":4},"title":"Good news for FDI watchers","author":"enterpriseam admin","date":"2 August 2021","format":false,"excerpt":"Tobacco giant Philip Morris is among several tobacco companies with local operations that are said to be interested in bidding for a license to set up Egypt\u2019s second tobacco company, Federation of Egyptian Industries\u2019 (FEI) cigarettes division Head Ibrahim Embaby told Al Mal. 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