Will be there a new increase in Egypt’s cigarette prices? ...Egypt

The CEO of the Eastern Company for Tobacco, Hany Aman, said that the recent slight increase in Egypt’s cigarette prices was necessary. The Eastern Company in Egypt approved the new cigarette price list in its meeting last Tuesday, for all the company’s products of Cleopatra cigarettes and other brands, in accordance with the provisions of the Value Added Tax Law #177 of 2013. During a phone-in with Al-Hadath Al-Youm satellite channel, on Monday, Aman noted an increase in raw material prices by a percentage ranging between 60 percent and 70 percent, in addition to the change in the US dollar exchange rate from LE30-50 pounds, prompted the company to take the decision to increase prices.   Is

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