#price hikes
Egypt's state-owned tobacco giant, Eastern Company, imposed a 22 piaster price increase on its domestic cigarettes, effective Friday 12 July. The adjustment was revealed in a disclosure the company submitted to the Egyptian Exchange (EGX), made public on 14 July. The price adjustment complies with Health Insurance Law No. 8 of 2018, according to Eastern Company. A pack of 10 Cleopatra Box cigarettes will now cost EGP 25 (USD 0.52), up from EGP 24.5 (USD 0.51). The company's most affordable…
