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The Health Ministry has raised prices of a “limited number” of meds that were in short supply, Central Administration of Pharmaceutical Affairs President Rasha Ziada tells El Watan. A pricing committee at the ministry imposed a 10-50% increase on 30 products at the request of pharma companies, Ziada says. Prices will rise on critical products […]
Author Archives: enterpriseam admin
Posted inSpeed Round
AfDB approved third USD 500 mn tranche of the USD 1.5 bn loan
The board of directors of the African Development Bank (AfDB) has approved disbursing the third USD 500 mn tranche of the USD 1.5 bn loan to Egypt on Wednesday, the AfDB announced in a statement. “The Egyptian authorities have demonstrated sustained commitment to the implementation of reforms supported under the program, including supporting business, investment […]
Posted inSpeed Round
Egypt to delay customs tariff cut on EU-imported cars to next year
Egypt has reportedly received the EU’s blessing to postpone a measure that would have seen customs on cars imported from the EU slashed by 10% as of the start of 2018, Trade and Industry Ministry official Said Abd Allah tells Al Mal. The tariff cut will be delayed until next year. Egypt is obliged to […]
Posted inSpeed Round
NRA to hike railway ticket prices by 15-150%
Egyptian National Railways is planning to hike ticket 15-150% depending on the type of train and the distance traveled, ENR sources tell Al Shorouk. Transport Minister Hisham Arafat had said last week that ticket prices would rise 20-25%. ENR has finalized drafting a pricing scheme and sent it to Arafat for review, after which Cabinet […]
Posted inSpeed Round
ODE announces 87.5% y-o-y increase in 2017 sales
Orascom Development Egypt (ODE) announced yesterday that sales in 2017 grew 87.5% y-o-y to EGP 1.46 bn, up from EGP 781 mn a year before, according to a company release (pdf). The increase was “driven by the strong sales momentum in El Gouna.” The release says that “the new hotel management strategy introduced in January […]
Posted inSpeed Round
Cabinet approves establishing FEI’s readymade garments division, two loans from EBRD and EIB
The Ismail Cabinet approved yesterday the establishment of a furniture division in the Federation of Egyptian Industries, according to an official statement. Cabinet also signed off on a USD 200 mn loan the European Bank for Reconstruction and Development is extending to the Egyptian Natural Gas Holding Company (EGAS) to improve natural gas infrastructure, as […]
Posted inUncategorized
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Posted inImage of the Day
A bird’s eye view of Cairo
Sometimes, a change in perspective helps you appreciate something you have seen a mn times. The folks at Egyptian Streets show us just that with a collection of famous spots in Egypt taken from high above. Even from above, Cairo maintains the chaos that gives it its charm.
Posted inEGYPT IN THE NEWS
Geopolitical tensions over GERD leads the conversation on Egypt in the foreign press
Leading the conversation on Egypt in the foreign press this morning are tensions between Cairo and Addis Ababa over the Grand Ethiopian Renaissance Dam as Ethiopian Prime Minister Hailemariam Desalegn visits Egypt. While Cairo has shown relative flexibility in negotiating the terms of the dam — which it has been opposed to since the start […]
Posted inOn Deadline
Last year’s meds price hikes failed to resolve the shortages it meant to target
The Health Ministry’s decision to raise the prices of some medications last year failed to prevent future shortages of key meds, Mohamed Mostafa writes for Al Borsa. The ministry had promised that it would allow another wave of price increases later in the year to encourage manufacturers to stick it out and continue producing. Since […]