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Private company to supply EGP 2bn to build chain of hypermarkets as part of plan to expand local trade markets in collaboration with supply ministry
Reuters – Egypt’s Juhayna Food Industries , one of the country’s largest dairy product and juice makers, said on Monday it would appeal against a court sentence for its chairman. A spokesman for a Cairo court said Safwan Thabet, who is also Juhayna’s chief executive, had received a one-year jail sentence on Thursday for selling …
Juhayna, which counts among its clients EgyptAir, Air France and several large hotel chains, reported a 23% drop in its third-quarter net profit, hurt by muted sales growth and one-off foreign exchange losses.
The acceptance of Egypt’s pending IMF loan will have a positive effect on the economy and there will be an increase in tourism and FDI throughout the year, says EFG