Industry & Trade Unilever Mashreq to establish $59mn-food factory in Alexandria in 2016 Noha Gad Jan 12, 2016 0 Unilever Mashreq eyes injecting investments estimated at 460 million Egyptian pounds (US$58.7 million) into…
Egypt News Egypt’s annual inflation rises to 11.9% in December 2015 aya salah Jan 11, 2016 0 Egypt’s annual Consumer Price Index (CPI) surged to 11.9 percent in December 2015, to register 175.4 points, from…
Egypt News Beans, Koshary save Egyptians from rising prices in 2015 aya salah Dec 24, 2015 0 Although the prices of many food items went up this year, macaroni, rice, beans and lentils seem to have been the…
Egypt News Saudi Food Company to expand in Egypt as population grows aya salah Dec 17, 2015 0 Saudi listed Abdullah Al-Othaim Markets Company said on Wednesday it has approved a SAR 144-million (approximately…
Banks National Bank of Egypt plans $753.3mn finances for medium-sized enterprises Yomna Yasser Dec 12, 2015 0 The National Bank of Egypt (NBE), the country’s biggest state-run bank, is considering pumping 5.9 billion Egyptian…
Industry & Trade Egyptian food producer Faragalla to become a multinational company Noha Gad Dec 10, 2015 0 Egyptian food producer Faragalla Food Industries Group is currently studying a number of procedures to become a…
Egypt News Egypt: Food and beverage are exempted from value-added tax Yomna Yasser Dec 7, 2015 0 Food and beverage are exempted from Egypt’s planned value-added tax, according to a statement released by the…
World Food stocks on the menu for Thanksgiving week Noha Gad Nov 21, 2015 0 There are no picky eaters on Thanksgiving - as long as the menu is hormone and antibiotic free, locally grown and…
Industry & Trade Foodmaker Edita attains $202mn sales in September 2015 Noha Gad Nov 12, 2015 0 Egyptian foodmaker, Edita has obtained nine-month sales estimated at 1.579 billion Egyptian pounds (US$201.6…
Banks Egypt’s National Bank approves lending food maker Edita $12.7mn aya salah Nov 11, 2015 0 The National Bank of Egypt has approved to provide a credit facility worth 100 million Egyptian pounds (US$12.7…