Word: producting
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Sallam's father started the business in 1939 but lost everything when Egyptian industries were nationalized in 1963. The family struggled back with small enterprises, at one point transforming a waste product generated by Ideal, another nationalized appliance company, into decorative moldings. Sallam's business has been transformed with Egypt's gradual implementation of economic reform, notably since 2004, when Prime Minister Ahmed Nazif took office in a Cabinet that included leading ex-businessmen. Sallam, who retains a 52% stake in the company, credits the government's moves to devalue the Egyptian currency, reduce tariffs and slash corporate taxes with...
Oriental Weavers has been adding capacity at 20% annually since 2003 to meet demand for its value-for-money products. That includes a small weaving facility outside Atlanta to reduce lead times for urgent U.S. orders. Eyeing a huge potential customer base in Asia, the company opened a plant in Tianjin, China, this year that will serve the Chinese market. Lately it has been having fun with a deal to produce carpets with the Andy Warhol Foundation, using the artist's designs. Farida Khamis says the company aims to become a market leader in a new product line: home textiles...
...have slashed tariffs to zero under the pact. Already, according to Egypt's Trade Ministry, inter-Arab trade rose 22% in 2005 compared with a 4% rise three years earlier. Last month an Arab trade-ministers meeting in Cairo took up the technical yet crucial issue of adopting common product standards. "There is a reshaping of the landscape," says Hassan Heikal, CEO of EFG-Hermes Holding SAE, a Cairo investment bank, over cocktails at the Four Seasons First Residence--itself the product of a partnership among a local investor, a Saudi prince and a Canadian hotel mogul. "There...
...caffeine buzz with new coffees and teas that boast of antioxidant and health-promoting properties. Caffe Sanora is a rich organic coffee that undergoes a special roasting process that retains the antioxidants of the raw green beans. Dr. Lee's 710EGCG Organic Green Tea is the first green-tea product allowed by the U.S. FDA to make limited cancer-fighting claims on its label...
...What happens when the brain drain hits the Federal Trade Commission, which investigates Internet fraud? Or the Consumer Product Safety Commission, which makes sure kids don't choke on toys...