Previous Post
Sol Beach Club is Sahel’s Newest and Most Sophisticated Chillout Spot
Next Post
Calling All Women! American Football Tryouts Kick Off This Saturday for Cairo Warriors

Walt Disney Lifts Ban on Manufacturing its Merchandise in Egypt

The ban has been instituted in February over concerns on Egypt's lowered credit ratings.

The Walt Disney Company has lifted the ban on production of its merchandise in Egypt after 4 months of negotiation rounds with Egyptian trade officials, according to Trade Minister Tarik Kabil who spoke to Al Ahram on Sunday.

The ban had been imposed by the American mass media company in February, citing concerns about Egypt's lowered rating in worldwide governance indicators and negligence to join the Better Work Programme by the International Labour Organization (ILO). The Egyptian government then engaged in negotiations with the company starting last March.

Kabil cited Egypt's vigorous economic reform plans in coordination with the IMF and the World Bank as the main reason for the ban being lifted. "An upgrade by credit rating agencies has also helped in the successful completion of negotiations on the lifting of bans by international firms, including Disney," Kabil explains.

The loosening of restriction on production in Egypt will be implemented through a two-sage plan to ensure Egypt's commitment to ILO's Better Work Programme, the second and final stage of which is planned for implementation in January 2018.

Photo:Getty Images.


Todays Events
Christmas Concert @ Cairo Opera House
Concerts
Date: 12/14/2018
Time: 8:00pm - 11:00pm
Venue: Cairo Opera House
COT III- Soul Button & Sebzz B2B Ouzo @ Zigzag
Clubs
Date: 12/14/2018
Time: 10:00pm - 4:00am
Venue: Zigzag
Yehya Khalil @ Alexandria Opera House
Concerts
Date: 12/14/2018
Time: 7:30pm - 10:30pm
Venue: Alexandria Opera House
All You Can Eat Sushi @ Torii
Dining
Date: 12/14/2018
Time: 1:00pm - 6:00pm
Venue: Torii
 Friday  Fever       @ Cairo   Jazz       Club
Bars
Date: 12/14/2018
Time: 10:00pm - 3:00am
Venue: Cairo Jazz Club
Camp Christmas Market/Party @ Bardo
Variety
Date: 12/14/2018
Time: 2:30pm - 11:30pm
Venue: Bardo Clubhouse
YWCA Christmas Bazaar '18 @ YWCA Camp
Shopping
Date: 12/14/2018
Time: 11:00am - 7:00pm
Venue: YWCA Camp
Hany Rashed @   Gypsum Gallery
Exhibitions
Date: 12/14/2018
Time: 11:00am - 8:00pm
Venue: Mashrabia Art Gallery