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Business
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Economy
8/6/2024 8:37:06 PM
Minister of Finance Ahmed Kouchouk said Tuesday Egypt is targeting $2 to 2.5 billion from the Initial Public Offering (IPO) program for state-owned companies through the FY2024/2025.
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Business
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Markets & Companies
7/29/2024 4:22:05 PM
The board of directors of the Egyptian public tobacco company Eastern Company S.A.E has approved the selling of the land, buildings, and currently rented equipment of factory no. 9 to the United Tobacco Company (UTC), a subsidiary of the American tobacco company Philip Morris International (PMI), for EGP 1.584 billion.
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Business
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Economy
7/15/2024 8:47:26 PM
Ibrahim Embabi, Chairman of the Tobacco and Cigarettes Division of the Chamber of Food Industries in the Federation of Egyptian Industries (FEI), told Ahram Online that tobacco products are expected to see a rise next year due to the application of fees and value-added tax in line with the related laws.
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Business
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Markets & Companies
7/14/2024 3:46:24 PM
Egypt’s largest tobacco producer, Eastern Company, has raised the price of its local cigarette products by EGP 22 piasters, effective last Friday, according to a disclosure the company submitted to the Egyptian Exchange (EGX) published on Sunday.
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Business
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Economy
5/22/2024 10:13:16 PM
Philip Morris International (PMI) announced on Wednesday that it had acquired a 14.7 percent indirect minority stake in Egypt's largest cigarette manufacturer Eastern Company.
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Egypt
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Society
4/14/2024 6:53:36 PM
The local tobacco producer Eastern Company has raised its cigarette prices for the second time in 2024, with new prices to be effective starting Sunday.
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Egypt
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Society
2/16/2024 7:21:58 PM
Egypt’s largest tobacco producer Eastern Company will increase cigarette prices by EGP 2-8 starting Saturday, Ahram Arabic news gate reported on Friday.
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Business
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Markets & Companies
12/28/2023 1:40:49 PM
The Egyptian Exchange (EGX) announced on Thursday that 73.46 million shares from the major Egyptian state-owned tobacco producer Eastern Company were acquired by investors for EGP 2.05 billion ($66.55 million in the official exchange rate market).
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Business
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Economy
11/18/2023 6:00:57 PM
Egypt's Ministry of Public Enterprises revealed on Sunday details of the sale of a 30 percent stake in the state-owned Eastern Company to Emirati company Global Holding, according to a ministry statement released Saturday.
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Business
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Markets & Companies
11/16/2023 5:23:21 PM
The Egyptian Exchange (EGX) announced Thursday the acquisition of 30 percent of Egypt’s leading tobacco producer, Eastern Company, by Emirati company Global Holding for EGP 16.4 billion ($530.86 million).
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Business
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Economy
11/15/2023 5:35:31 PM
Soaring prices of tobacco products in Egypt are expected to ease soon following the latest measures taken by the country to control the local market, the chairman of Egypt's largest tobacco producer Eastern Company, Hany Aman said on Wednesday.
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Business
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Economy
11/14/2023 5:54:03 PM
Philip Morris Misr on Monday increased the prices of its tobacco products by 15-20.5 percent, following the country's state-owned Eastern Company's move to raise the prices of its products.
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Business
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Economy
11/8/2023 4:00:00 PM
Egypt’s major tobacco producer Eastern Company raised the prices of its products to absorb part of the rising costs of production inputs after the devaluation of the Egyptian pound, the company’s Chairman Hany Aman told Ahram Online on Wednesday.
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Al-Ahram Weekly
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Egypt
9/6/2023 10:01:00 AM
In the last few days developments on the privatisation and investment fronts came thick and fast.
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Business
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Markets & Companies
9/3/2023 10:47:14 PM
Global Investment Holding Co., a UAE-based company, acquired Sunday a 30 percent ownership stake in Egypt's largest tobacco products maker Eastern Company.
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Business
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Markets & Companies
8/31/2023 9:43:38 PM
Eastern Company for Tobacco (EETC), Egypt's largest tobacco company, announced on Thursday that it was increasing its production of cigarettes by 15 percent.
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Business
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Markets & Companies
8/22/2023 3:13:14 PM
A majority shareholder in Egypt's largest tobacco producer Eastern Company has received offers from foreign investors for the acquisition of up to 30 percent of its stake in the company, according to a bourse statement on Tuesday.
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Business
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Markets & Companies
8/12/2023 11:44:22 PM
Managing Director and CEO of Egypt’s Eastern Tobacco Company (Eastern Company) Hany Aman announced on Saturday that the company will provide 50 million more cigarettes daily starting Sunday to end the current cigarette crisis.
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Business
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Markets & Companies
8/6/2023 2:40:16 PM
Egypt's largest tobacco producer Eastern Company is expected to raise prices by 16.9 percent annually through FY2027/2028, to bolster its revenues, according to a report by HC Brokerage released Sunday.
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Business
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Markets & Companies
9/24/2022 7:18:49 PM
The United Tobacco Company (UTC), a subsidiary of the American multinational tobacco giant Philip Morris International (PMI), has started manufacturing cigarettes in the Egyptian market, ending the decades-old monopoly by the state-owned Eastern Tobbaco Company on the manufacturing of cigarettes.
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