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Gulf Today Report
According to new semi-official statistics, total cigarette sales in Egypt during the past nine months amounted to about 55 billion Egyptian pounds ($1.7 billion), with an increase of 4 billion pounds over the same period in 2022.
The Eastern Tobacco Company, said that the total revenues from selling cigarettes and smoking items, including taxes, during that period amounted to 54.827 billion pounds, compared to 51.466 billion in the same period of fiscal year 2022.
It further noted that net sales amounted to 14.609 billion pounds, compared to 12.781 billion pounds in the same period, with a growth rate of 14%, and that the total profit amounted to 6.862 billion pounds, compared to 5.723 billion pounds, an increase of 20% over the same period of the fiscal year 2022.
The successive increase in the prices of local and imported cigarettes in Egypt did not prevent Egyptians from smoking, as the number of smokers there is estimated at about 18 million.
Semi-official reports said that about 42% of Egyptian families have at least one smoker.
Authority called on all cigarette dealers and producers in the UAE to comply with these measures in order to avoid the penalties outlined in the Cabinet Decision on Violations of Procedures for Marking Tobacco and Tobacco Products.
Air Arabia Abu Dhabi, the capital’s first low-cost carrier, on Tuesday marked the inauguration of its operations with its first flight to Alexandria in Egypt.
Enoc Misr, a joint venture between Proserv Group and the UAE’s Emirates National Oil Company (Enoc), signed a memorandum of understanding with local lubricant manufacturers to evaluate blending and manufacturing Enoc lubricants in Egypt.
The Ministry of Human Resources and Emiratisation (MoHRE) revealed that approximately 5.73 million employees have subscribed to the Unemployment Insurance Scheme since it went into effect on Jan.1, 2023, up until Sept.25, 2023.
Sheikh Hamdan inaugurated the third edition of the Dubai World Congress for Self-Driving Transport and honoured the winners of the Dubai World Challenge for Self-Driving Transport.
She added that immediately after the operation, she had severe bleeding and blood accumulation in the neck, after which she was admitted to intensive care for two days.