April 9, 2025
L’Oréal Egypt has marked a significant milestone by appointing Mohamed ElAraby as its new Managing Director, the first Egyptian national to assume this leadership role. With over 15 years of experience in the beauty industry, ElAraby is poised to steer the company toward enhanced growth and innovation, strengthening L’Oréal’s market presence in Egypt and contributing […]
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April 9, 2025
Egypt has recorded one of its most significant economic milestones in recent years, as annual urban consumer price inflation fell to 12.8% in February, down from 24% in January. This sharp deceleration — faster than even the most optimistic forecasts — suggests a turning point for a country that has spent years battling high inflation, […]
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April 9, 2025
A long-standing feud in Morocco’s telecom sector has quietly ended — and the aftershocks may reshape the country’s digital infrastructure and its broader economic ties with the United Arab Emirates. Maroc Telecom and Inwi, two of the country’s top telecom firms, have not only buried the hatchet after years of legal wrangling, but are now […]
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April 9, 2025
Morocco is on track for a stronger year ahead. The World Bank’s latest update shows that the economy is expected to grow by 3.6% in 2025, compared to 3.2% in 2024. In simple terms, this growth means more business activity and investment across the country. However, behind the numbers, both opportunities and challenges could affect […]
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April 3, 2025
Egypt’s non-oil private sector saw a significant downturn in March, entering a contraction phase for the first time in 2025. According to the latest Purchasing Managers’ Index (PMI) report from S&P Global, the PMI dropped to 49.2 from 50.1 in February, falling below the 50.0 threshold that indicates the boundary between growth and contraction. Key […]
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February 9, 2025
In a decisive move to combat the rampant smuggling of mobile phones and bolster local manufacturing, the Egyptian government introduced a 38.5% customs tax on imported mobile devices, which took effect on January 1, 2025. Prime Minister Mostafa Madbouly emphasized that the substantial influx of smuggled devices has necessitated such measures to regulate the market […]
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