The American tobacco company Philip Morris International (PMI) has acquired a minority stake of 14.7% in the largest Egyptian cigarette manufacturer Eastern Company. This is reported in the PMI press ...

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The Association heard several complaints from cigarettes traders stating that ... especially after the decrease of the Egyptian stock exchange’s tax revenues, according to the Association.

“The strong are eating the weak.” Cigarette smuggling has long been a profitable business in Gaza, where a network of tunnels under the border with Egypt were used to circumvent the economic ...