Tag: Egypt

Retail Asia17/07/2019
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2min0
Mercedes-Benz and the Egyptian government have signed a Memorandum of Understanding to locally assemble the company’s passenger cars in the country. This is the result of successful discussions with the Egyptian government. This planned commitment is set to further improve the market position of Mercedes-Benz Cars in Egypt. The Memorandum of Understanding not only describes […]

Retail Asia10/04/2019
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4min0
First-quarter H&M sales have exceeded expectations, with the company improving both profit and margin, proof that the fast-fashion company’s turnaround strategy is working. H&M sales rose by 42 per cent in India and 16 per cent in China, in local currencies. The company said  both online and offline performance improved in many markets. The global retailer’s pre-tax […]

Retail Asia19/02/2018
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3min0
Aidijuma Colors Group of Companies — which owns the popular Malaysian ‘Bawal’ hijab range under the Aidijuma label — together with its modest wear e-commerce site Hijup have acquired a majority stake in UK-based modest fashion and e-commerce company Haute Elan ahead of Hijup’s expansion into the UK market. Established in 2012, modest fashion brand […]

Retail Asia11/10/2016
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3min0
Indonesia’s Ambassador to Egypt, Helmy Fauzy, said that some 30 percent of the coffee in Egypt comes from Indonesia, which is the leading coffee importer in Egypt. “This is the reason we bring potential investors from Egypt to Gorontalo, to meet the coffee suppliers, especially to see Robusta coffee,” said Helmy at the “Indonesia Middle […]

Retail Asia22/07/2016
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2min0
China Telecom has reportedly expressed an interest in expanding into Egypt through the acquisition of a 4G license in the market. The operator, along with Saudi Telecom Company, have been in contact with the communications ministry regarding potentially securing licenses in Egypt, a ministry official told. But neither operator has yet submitted a formal request, […]


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