{"id":618218,"date":"2024-04-04T00:00:00","date_gmt":"2024-04-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/04\/tobacco-distributors-can-hike-their-prices-by-up-to-12-plus-news-from-halan-post-for-investment-al-gaweesh-group\/"},"modified":"2024-04-04T00:00:00","modified_gmt":"2024-04-04T00:00:00","slug":"tobacco-distributors-can-hike-their-prices-by-up-to-12-plus-news-from-halan-post-for-investment-al-gaweesh-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/04\/tobacco-distributors-can-hike-their-prices-by-up-to-12-plus-news-from-halan-post-for-investment-al-gaweesh-group\/","title":{"rendered":"Tobacco distributors can hike their prices by up to 12%. PLUS: News from Halan, Post for Investment, Al Gaweesh Group"},"content":{"rendered":"<p class=\"tag-border-left\">RETAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gov\u2019t greenlights cigarette price hike: <\/strong>Tobacco distributors got the government\u2019s approval to hike prices by up to 12%, according to a document seen by Enterprise. State-owned tobacco giant Eastern Company said it will raise its prices by a lot less than the 12% cap, the company\u2019s CEO Hany Aman told <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/mr2ym3un\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Tobacco distributor <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43def9e6-cf20-4971-9508-8d1e11becc17\" style=\"\" rel=\"noopener\">Al Mansour International Distribution Company<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/140335a3-5325-4ae7-9083-b6a88d0fbbdd\" style=\"\" rel=\"noopener\">Philip Morris<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6917ee5-d671-4da3-8343-001eb83e356f\/wataniya-closes-in-on-three-final-offers\" style=\"\" rel=\"noopener\">Eastern<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6917ee5-d671-4da3-8343-001eb83e356f\/wataniya-closes-in-on-three-final-offers\" style=\"\" rel=\"noopener\">Company<\/a> all hiked their prices earlier this year. <\/p>\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Post for Investment has a new asset management arm in the works: <\/strong>Egypt Post\u2019s investment arm Post for Investment (PFI) will launch a new asset management company dubbed PFI Asset Management focused on stocks, fixed-income securities, and specialized funds in Egypt, PFI managing director and CEO Ahmed Ali Abdelrahman told <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/cxv2dkbc\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The company aims to manage EGP 5 bn-worth of assets within a year of launching, Abdelrahman added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The company has already received initial approval for obtaining a license and is expecting to receive the final greenlight this quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We sat down with Abdelrahamn last month<\/strong> for a special Ramadan edition of My Morning Routine. Check it out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc37cb58-b905-4cb1-92e5-c70b9fffead8\/my-ramadan-routine:-ahmed-ali-abdelrahman,-managing-director-and-ceo-of-post-for-investment\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Al Gaweesh Group absorbs subsidiaries:<\/strong> Homegrown investment company Al Gaweesh Group subsidiaries Green Modeling Contracting, LARZ Developments, Green Modelling Power Solutions, Integrated Solutions Consultancy, Kreemers, POV, and Marble will now be consolidated under the Al Gaweesh Group name, the group said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/372.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>.<\/p>\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Halan upgrades app:<\/strong> Halan, the consumer finance arm of MNT-Halan, has added new features to its \u201cfinancial superapp,\u201d including giving users access to potential investments such as gold purchases, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/416.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/416.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tobacco distributor hiked their prices earlier this year<\/p>\n","protected":false},"author":1,"featured_media":618219,"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":[111,72,183,125,310,6818,7401],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-618218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-fintech","tag-investment-watch","tag-mnt-halan","tag-post-for-investment","tag-tobacco","wpautop","entry"],"acf":{"mongo_id":"b8b0866c-babb-4bf4-98db-de2461de0411","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/418.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian tobacco distributors can hike prices by up to 12%","related_issue":[618201],"teaser":"Tobacco distributor hiked their prices earlier this year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.0eef5606-dd40-4c01-969d-9a21d4942b1d.mp3"},"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>Tobacco distributors can hike their prices by up to 12%. 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