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" Tobacco"

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Egypt - 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.

Egypt - Society
2/11/2024 8:52:00 PM
Philip Morris Egypt announced on Sunday the new price list for all its tobacco products, including "HEETS" and "TEREA" heated tobacco sticks, as well as traditional cigarettes under the Marlboro, Merit, and L&M brands, in their various types.

Business - 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).

Al-Ahram Weekly - Economy
12/19/2023 5:56:11 PM

Business - 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).

Business - 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.

Business - 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.

Business - 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.

Egypt - Health
10/30/2023 10:36:55 AM
Egypt’s parliament – the House of Representatives – approved on Sunday a government-drafted amendment to the 2016 VAT law to impose a tax of EGP 0.50 on tobacco products sold on the local market.

Business - 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.

Business - 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.

Business - 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.

Al-Ahram Weekly - Egypt
8/17/2023 4:25:00 PM
Tobacco producers and relevant authorities are implementing measures to end market monopoly by distributors.

Business - 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.

Al-Ahram Weekly - Egypt
8/7/2023 4:25:00 PM
The announcement of an anticipated tax increase on tobacco products has resulted in parallel-market price hikes and financial losses to the state treasury.

Business - 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.

Business - Economy
8/2/2023 3:32:55 PM
Egypt's tobacco exports reached $35.8 million during the first four months of 2023, according to data released by the Central Agency of Public Mobilization and Statistics (CAPMAS).

Life & Style - Health
7/31/2023 6:31:25 PM
Only four countries -- Brazil, Mauritius, the Netherlands and Turkey -- have adopted all the anti-tobacco measures recommended in the fight against the "deadly scourge" of smoking, the World Health Organization said Monday.

Egypt - Society
7/26/2023 10:22:41 PM
The Head of the Tobacco Division of the Federation of Egyptian Industries said some traders who are hoarding cigarette boxes to sell them at higher prices in the black market are behind current shortages.

Business - Markets & Companies
7/16/2023 9:47:22 PM
Philip Morris International (PMI) has made a sudden U-turn on its plan to increase cigarette prices in Egypt, just hours after the initial announcement.

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