CAIRO: The managing director and CEO of Egypt’s biggest cigarette manufacturer has estimated that 18 percent of the country’s population are smokers.
Hany Aman, of Eastern Company, said that Egypt’s population smokes 100 billion cigarettes each year, pointing out that his company produces 70 billion per year, with its share of the Egyptian market ranging from 70 to 75 percent. The company also sells other tobacco products.
Aman said that demand for cigarettes increases each June as there is a widespread belief that there will be a tax increase in the new fiscal year.
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