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Egypt delays plan to sell 4.5% additional stake of Eastern Company amid tough market conditions
The secondary offering could take place sometimes by the end of next month: sources
British American Tobacco plans to increase market share to 10%
Egyptian cigarette market is world’s eighth largest market
121% growth in tobacco tax revenue over last five years
Cigarette companies demand expansion of tax segments, but government ignores it
Eastern Company negotiates with foreign tobacco companies to add new products to middle price segment
Company produced 62m cigarettes in last FY with a market share of 72%, says Haroun
Minister of finance sets the price of tobacco products
Foreign tobacco companies are reportedly dissatisfied with tax
British American Tobacco mulls Egypt expansion as economic reforms pay off
Company plans to invest £30m over next 12 months
JTI expands business, investments in Egyptian market
Company launches new brand as part of long-term business strategy for Egypt
E-cigarettes serve as gateway to traditional smoking: study
Young adults who use electronic cigarettes more than four times as likely to smoke tobacco cigarettes
Egyptian parliament approves a draft law to increase taxes on tobacco
Based on the amendment, cigarette prices will increase by 3.5 to 6.5 EGP
El Sharqawy demands Eastern Company for Tobacco to conclude tobacco cultivation in Egypt
CIHC aims to increase profits by 85% to reach EGP 1.5bn
Biggest listed tobacco company in the making
Eastern Company for Tobacco proposes to Philip Morris purchasing tobacco for late revenues worth $35m
Eastern Company to hold meeting within two weeks with Philip Morris to stress its desire to collect its dues in dollars whether for tobacco or their payment in installments
Eastern Company to present feasibility study to parliament to approve tobacco cultivation
The company will address the Public Tax Authority to suggest the health insurance tax value gradation according to cigarette types, rather than unifying it at EGP 0.5 per box
India’s war on tobacco and industry woes
India’s top court has ruled that tobacco companies must display larger health warnings on cigarette packs, giving a boost to the government’s latest move to reduce smoking and curb tobacco-related illnesses. DW examines.
Spike in ‘single’ cigarette sales expected to decrease tax proceeds by EGP 2bn: Traders
Greater Cairo Tobacco Association demanded President Al-Sisi holds Finance Minister accountable for failed financial policies
Tobacco traders demand cigarettes distribution on ration cards
In Egypt, there are about 15 million smokers, more than half are in the countryside, and the rate is expected to increase to 16 million
Foreign tobacco companies in Egypt reject new cigarette price increases: Official
Tensions prevail in cigarette market, traders exploit the situation to raise prices, according to CTA head in Cairo, Giza
War breaks out
By Philip Whitfield Before conniptions consume, inhale the acronyms. FAG: (For/Against Government), IMP: the British Imperial Tobacco Group the world’s fourth-largest ciggie peddler flogging 320bn cigarettes a year (Davidoff in Egypt) after PMI: Philip Morris International (Marlboros / Merit), BAT British American Tobacco (Rothmans/Dunhill) and arriving on the 1 July JT Japan Tobacco (Winston/Salem). And …
Smoke and mirrors: Smuggled cigarettes
There’s no doubt that smoking is a detrimental practice; no matter how light some cigarettes are, they still do harm to the body. Yet in Egypt, about 40% of adult men and 8% of adult women are smokers, and since 25 January, access to cigarettes has only increased, as new brands have entered the Egyptian market illegally and are sold at cheaper prices. The Daily News Egypt looks into the issue of smuggled cigarettes and their additional harmful impact on smokers.
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“Smoking Kills,” is the main message of the Tobacco Atlas
WHO launches the Tobacco Atlas in Egypt to warn people of the hazards of smoking
MOF reconsiders taxes
Ministry of Finance considers removing food tax increases while doubling tobacco excise