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Égypt-actus
revue de presse sur l'actualité culturelle, archéologique, politique et sociale de l'Égypte
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L'indice de confiance des consommateurs égyptiens a augmenté de 12 % en janvier 2014 par rapport au mois précédent

L'indice de confiance des consommateurs égyptiens a augmenté de 12 % en janvier 2014 par rapport au mois précédent | Égypt-actus | Scoop.it

Egypt's consumer confidence index rose in January 2014 on the previous month, according to data released Sunday from the cabinet's think tank, the Information and Decision Support Centre (IDSC).

The index increased 11.9 percent to 112.8 points last month, compared to 100.8 points in December, an upsurge that the IDSC attributed to households believing that income levels and living conditions have improved.

Egypt’s family income index rose in January as well, up 23.2 percent against the previous month to reach 62.7 points.

Average annual salaries in Egypt in the fiscal year 2012/13 reached LE26,161 ($3,756), up from LE25,353 ($3,640) in the previous fiscal year, according to data from official statistics body CAPMAS.

Meanwhile, according to CAPMAS' latest statistics, Egypt’s poverty rate has increased in recent years, reaching around 26 percent of the total population of 85 million.

The economic policy confidence index also grew 9.7 percent month-on-month in January to reach 94 points.

Egypt’s foreign reserves inched up in January for first time in five months, reaching $17.1 billion.
 

Arab Gulf states such as Saudi Arabia and the UAE have been pumping funds into the Egyptian government since the ouster of Islamist president Mohamed Morsi in July 2013, with some $12 billion in aid given to revive the country's troubled economy.

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Le gouvernement égyptien augmente le prix des cigarettes.

Le gouvernement égyptien augmente le prix des cigarettes. | Égypt-actus | Scoop.it

A pack of cigarettes in Egypt is going to cost about LE1 more per pack, after the country's finance ministry on Sunday raised the price of both imported and local brands.

 

 

Local brands are set to rise between LE0.5 and 0.75. That means a pack of Cleopatras, the cheapest and best-selling Egyptian cigarette, will cost between LE6.25 and LE7.00, compared to LE5.75 and LE6.50

The increase on imported cigarettes, between LE1 and LE1.5, takes brands like Marlboro, Merit and Kent up from LE15.5 to LE17.

The lower-price imported brands L&M and Rothmans will be sold at LE12 per pack, compared to LE11.

Mohamed Osman, head of marketing at Eastern Company, the state’s top cigarette manufacturer, told Ahram Online that the new price hikes will push retailers to surge their prices since the profit margin after a tax reduction doesn't leave much left to be distributed amongst the company and traders.

He explained that the government takes more than half of the cigarette pack price – 50 percent of the retail price, plus a fixed sales tax of LE1.25 and a LE0.10 health care tax.

Accordingly, a LE17 pack of Marlboros yields the government about LE10.

He added that this was the first official price increase since February 2012.

Sunday's statement from the finance ministry announcing the price hike warned that any retailer or distributor to violate the stipulated price list would face legal penalties.

Three companies are currently licensed to make and sell cigarettes in Egypt, led by the state-owned Eastern Company. Two foreign companies also operate in the local market: BAT-Egypt and Phillip Morris International, both of which use Eastern Company factories to manufacture their products.

 
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Al Ahram Markets: Sales Declines 25% In Governorates

Al Ahram Markets: Sales Declines 25% In Governorates | Égypt-actus | Scoop.it

Khairy Mohamed, Managing Director and Head of the Financial Sector, at Al Ahram Markets, Egyptian joint stock Company, has affirmed that the volume of sales declined to 25%, due to the latest tensions and the instability in Canal Cities.

 

In his statements to "Amwal Al Ghad", Khairy said the company is facing a serious problem; representing in increasing the prices that the importers impose on commodities owing to the dollar rise. He referred that the commodities which their price went up are meat, frozen chicken, grains and butter; adding that the company is reducing its profit to protect the prices.

 

It is worth noting that Al Ahram Markets has decided before to close due to the lawlessness after the 2nd anniversary of the 25 January Revolution, resulting in losing EGP 10 million

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Le directeur de l'autorité fiscale égyptienne : "Il n'y aura aucune augmentation de prix de vente des cigarettes."

Le directeur de l'autorité fiscale égyptienne : "Il n'y aura aucune augmentation de prix de vente des cigarettes." | Égypt-actus | Scoop.it

There are to be no increases in the retail prices of cigarettes, according to Egyptian Tax Authority head Mamdouh Omar. He added that manufacturing and import companies for the goods will be responsible for setting the selling price and informing the tax authority to determine the requisite taxes, amounting to 50% of the selling price in addition to EGP 1.25 for each pack.

The remarks follow Minister of Finance Ahmed Galal’s Monday statement announcing  the selling prices of domestic and imported cigarettes.

Omar said that authority had recently noticed increases in the cigarettes selling prices, which manufacturing and import companies aware of, which ranged between EGP 0.5 and EGP 2 per pack.

- See more at: http://www.dailynewsegypt.com/2014/02/03/increases-cigarettes-selling-prices-head-egyptian-tax-authority/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DailyNewsEgypt+%28Daily+News+Egypt%29#sthash.Wu0O3kWG.dpuf

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Authority stops issuing new liquor licenses in new areas

Authority stops issuing new liquor licenses in new areas | Égypt-actus | Scoop.it

Authorities have put a halt to issuing new liquor licenses in some of Cairo’s recently built areas and new settlements, Senior Vice President of the New Urban Communities Authority Nabeel Abbas confirmed to the independent financial newspaper Al-Mal Sunday.

 

Abbas first said the authority would not issue any new liquor licenses to shops or trade centers operating in the new neighborhoods in a letter dated 11 November 2012, which Al-Mal obtained from one new neighborhood’s governing agency.

In the letter, Abbas wrote that establishments would be observed to see that they ended all alcohol selling operations. He said the authority had the right to revoke the rights of any activities that might disturb the residents of the area. (Egypt independent)

 

More : http://www.egyptindependent.com/news/authority-stops-issuing-new-liquor-licenses-new-areas

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