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FINANCIAL NEWS
Egypt’s Oriental Weavers allocates USD 5.73mn debts
24 Mar 2016
(MENAFN) Oriental Weavers has collected debts from the government’s export subsidy value USD 5.73mn, which will focus on promoting innovation and marketing products.
Accordingly, the firm’s plan for this year involves promoting exports by spreading the company’s work in African, Asian, European and Gulf markets.
Moreover, it also plans to increase its presence in the markets in which recently exists, like North America, which increased by 9 percent.
The company’s plan will involve improving its strong situation in the local market, in which sales increased by 15 percent through the past year.
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