{"id":561906,"date":"2021-04-26T04:00:19","date_gmt":"2021-04-26T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/smoke-em-if-youve-got-em\/"},"modified":"2021-04-26T04:00:19","modified_gmt":"2021-04-26T04:00:19","slug":"smoke-em-if-youve-got-em","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/smoke-em-if-youve-got-em\/","title":{"rendered":"Smoke \u2018em if you\u2019ve got \u2018em"},"content":{"rendered":"

<\/a> New rules <\/strong>for <\/strong>the license<\/a><\/strong> to establish Egypt\u2019s second major tobacco company are <\/strong>now officially being drawn up<\/strong> by the government<\/strong>, a month after several tobacco players filed a formal complaint<\/a> asking the state to rewrite the conditions booklet, the local press<\/a> reports, citing anonymous government sources. Advisors are working with the cabinet to draft a new document after the issue was brought to the prime minister, the sources said. The new booklet will address concerns raised by tobacco companies that the license would have given way to a new monopolist in the e-cigarettes and heated tobacco segments.<\/p>\n

Why do investors care so much about a cigarette company? <\/strong>It\u2019s simple: Eastern Company, the current monopoly, is one of the richest dividend plays in our neck of the woods.<\/p>\n

Background:<\/strong> The Industrial Development Authority (IDA) issued last month a tender for a license that would have curtailed Eastern Company\u2019s monopoly over the country\u2019s tobacco industry. Several major players were invited to compete, but some \u2014 British American Tobacco Egypt and Al Mansour International Distribution Company \u2014 objected to the conditions and pleaded<\/a> with the Egyptian Competition Authority (ECA) that the rules would effectively create a monopoly on alternative tobacco products.<\/p>\n","protected":false},"excerpt":{"rendered":"

New rules for the license to establish Egypt\u2019s second major tobacco company are now officially being drawn up by the government, a month after several tobacco players filed a formal complaint asking the state to rewrite the conditions booklet, the local press reports, citing anonymous government sources. Advisors are working with the cabinet to draft […]<\/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":[1978,247,549,72,289,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561906","post","type-post","status-publish","format-standard","hentry","category-competition-watch","tag-competition-watch","tag-eastern-company","tag-egyptian-competition-authority","tag-enterpriseam","tag-industrial-development-authority","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"aff82a04-dc18-4b85-8217-701f204553ee","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561898],"teaser":"","voice_url":""},"yoast_head":"\nSmoke \u2018em if you\u2019ve got \u2018em - 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\/26\/smoke-em-if-youve-got-em\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smoke \u2018em if you\u2019ve got \u2018em\" \/>\n<meta property=\"og:description\" content=\"New rules for the license to establish Egypt\u2019s second major tobacco company are now officially being drawn up by the government, a month after several tobacco players filed a formal complaint asking the state to rewrite the conditions booklet, the local press reports, citing anonymous government sources. 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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":562706,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/the-tobacco-license-tender-may-be-back-on-again\/","url_meta":{"origin":561906,"position":2},"title":"The tobacco license tender may be back on again","author":"enterpriseam admin","date":"3 June 2021","format":false,"excerpt":"Revised terms for the license to establish Egypt\u2019s second major tobacco company have been handed to four local tobacco companies, according to a document seen by Reuters. 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