{"id":648174,"date":"2017-05-30T03:59:08","date_gmt":"2017-05-30T03:59:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/arafa-holding-looking-to-expand-exports-to-the-us-bloomberg\/"},"modified":"2017-05-30T03:59:08","modified_gmt":"2017-05-30T03:59:08","slug":"arafa-holding-looking-to-expand-exports-to-the-us-bloomberg","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/arafa-holding-looking-to-expand-exports-to-the-us-bloomberg\/","title":{"rendered":"Arafa Holding looking to expand exports to the US -Bloomberg"},"content":{"rendered":"

Arafa Holding plans to expand sales to the US, supported by the drop in the EGP\u2019s<\/strong> value<\/strong>, Ahmed Feteha and Tamim Elyan write for Bloomberg. Chairman Alaa Arafa says the American market was out of reach for his company prior to the flotation as the \u201ccurrency was overvalued.\u201d Arafa says \u201csince the beginning of 2017, we have started rebuilding export markets lost in previous years \u2026 Before that we were thinking when will our business shut down; but now there is hope; now we can sit with clients and speak about the future.\u201d The company is looking to expand its production to 6,500 suits per day in 2H2017, from 5,800 currently. Arafa says his company is also looking to introduce its Concrete brand in outlets in GCC countries by 2019. In Egypt, the company will introduce one of the brands it owns in the UK as part of a plan to aggressively target the middle income segments, he says. Read Armani's Egyptian Supplier Mulls U.S. Foray on Weaker EGP<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Arafa Holding plans to expand sales to the US, supported by the drop in the EGP\u2019s value, Ahmed Feteha and Tamim Elyan write for Bloomberg. Chairman Alaa Arafa says the American market was out of reach for his company prior to the flotation as the \u201ccurrency was overvalued.\u201d Arafa says \u201csince the beginning of 2017, […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648174","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"240bbe57-5e74-47a9-bbd3-1f322bad8e10","order":"0","is_powered_by":true,"section_story_id":"50ef5024-b10f-4bf0-9429-256bcaf17026","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648161],"teaser":"","voice_url":""},"yoast_head":"\nArafa Holding looking to expand exports to the US -Bloomberg - 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\/2017\/05\/30\/arafa-holding-looking-to-expand-exports-to-the-us-bloomberg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arafa Holding looking to expand exports to the US -Bloomberg\" \/>\n<meta property=\"og:description\" content=\"Arafa Holding plans to expand sales to the US, supported by the drop in the EGP\u2019s value, Ahmed Feteha and Tamim Elyan write for Bloomberg. 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The company plans to introduce a new fashion line to its Concrete brand targeting the mid-income bracket, he said, without elaborating.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645269,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/arafa-holding-freezes-investment-plans-on-cost-of-capital-concerns\/","url_meta":{"origin":648174,"position":1},"title":"Arafa Holding freezes investment plans on cost of capital concerns","author":"enterpriseam admin","date":"17 July 2017","format":false,"excerpt":"Arafa Holding has \u201cno plans to inject any new investments in Egypt\u201d in the coming period following the central bank\u2019s decision to raise interest rates, Chairman and CEO Alaa Arafa told Al Shorouk. The cost of capital at the moment is not conducive to new investment, Arafa said, adding that\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649225,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/earnings-watch-arafa-holding\/","url_meta":{"origin":648174,"position":2},"title":"Earnings watch: Arafa Holding","author":"enterpriseam admin","date":"26 April 2017","format":false,"excerpt":"EARNINGS WATCH- Arafa Holding recorded a consolidated net profit of USD 7.8 mn in 2016, down from USD 12.45 mn in 2015, a 37% dip. The company said the float of the Egyptian pound had no effect on its results.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600457,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/","url_meta":{"origin":648174,"position":3},"title":"Alaa Arafa sells his stake in CI Capital","author":"enterpriseam admin","date":"30 January 2019","format":false,"excerpt":"M&A WATCH- Alaa Arafa exits CI Capital: Businessman and Arafa Holding boss Alaa Arafa sold his last shares in investment bank CI Capital on Monday, CI Capital said in a regulatory filing (pdf). Arafa held a 1.88% stake before the last sale. 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The company\u2019s revenues dipped to USD 236.5 mn y-o-y,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594232,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/23\/earnings-watch-arafa-holding-reports-a-137-y-o-y-increase-in-profits-to-usd-7-7-mn\/","url_meta":{"origin":648174,"position":5},"title":"Earnings Watch: Arafa Holding reports a 137% y-o-y increase in profits to USD 7.7 mn","author":"enterpriseam admin","date":"23 October 2019","format":false,"excerpt":"EARNINGS WATCH- Arafa Holding reported a 137% y-o-y increase in consolidated net profits to reach USD 7.7 mn in 1H2019-20 (Arafa Holding\u2019s fiscal year begins in February), up from a net profit of USD 3.2 mn in the same period in 2018-19, the company said in a statement to the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=648174"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648174\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648161"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648174"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648174"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}