Manufacturing of textiles was disproportionally affected by the slide against the US dollar. However, Concrete Garments, the region’s largest producer of ready-made textiles, maintained profitability
This deal comes following the successful restructuring of the company’s operations where market share increased to 15% of the UK formal menswear market.
The Egyptian currency’s devaluation is a step in the right direction, but the Egyptian industry needs more incentives
Egypt’s monetary policy encourages importers and deters producers, Egyptian pound losing real value
