Egyptian Gulf Bank (EGBank) will invest EGP 2 bn in non–banking financial companies over the coming three years, CEO and Managing Director Nidel Assar told Bloomberg Asharq. The bank will acquire direct and indirect stakes in a number of companies in the sector, he said, without disclosing which markets the bank is targeting.

The Health Ministry has inaugurated a vaccine storage and distribution complex at state-owned vaccine maker Vacsera’s Sixth of October facility with the capacity to hold between 100-150 mn vaccines, according to a statement. The automated cooling complex was implemented in cooperation with China’s Sinovac and built by China State Construction Engineering.

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