The number of patents awarded by the Egyptian Patents Office in 2016 decreased by 4.7% year-on-year to 450, Al Masry Al Youm reports citing CAPMAS. 83.8% of the patents awarded were to foreigners, with US citizens topping the list with 105 patents. Patent filings increased by 4.2% y-o-y in 2016 to 2,197. The Egyptian Trademarks Office awarded 3.5% fewer trademarks in 2016, registering 5,294 during the year. Requests for trademarks dropped by 10.5% y-o-y in 2016 to 10,789. It’s no wonder considering some of the Nobel prize worthy stuff to come out of our geniuses (runtime: 0:41).
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025
The company turned a profit last year, allowing it to…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…