Egypt’s non-oil private sector PMI hits 33-month high – Dailynewsegypt
Egypt’s non-oil private sector economy moved closer to growth in May, reaching a 33-month high in the Purchasing Managers’ Index (PMI) released on Tuesday as inflationary pressures continued to cool. At 49.6, the headline PMI for May rose from 47.4
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Philip Morris International acquires 14.7% stake in Egypt’s largest cigarette maker Eastern Company – Dailynewsegypt
Philip Morris International (PMI) has acquired a 14.7% minority stake in Eastern Company (EAST.CA), Egypt’s largest cigarette manufacturer. The companies announced on Thursday that they will explore potential collaborations in technology, manufacturing, and innovation, with a focus on heated tobacco