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Pharco + Ajlan & Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan
Production is expected to start in 2024
VAT break on pharma imports to prevent shortage. PLUS: More AfDB money for water, Tatweer Misr eyes KSA,
This is the latest measure aimed at beefing up stocks of raw materials and products for the pharma sector
EFG revenue, earnings more than double y-o-y in 1Q 2023
Revenues more than tripled at the company’s investment bank
Gov’t acts amid fears of pharma shortage
Demolition of historic tombs at the City of the Dead received criticism
AstraZeneca to raise Egypt investments to USD 100 mn
AstraZeneca plans to increase its use of local components to 80%
Don’t breathe a sigh of relief about US inflation just yet, say economists
Sticky core inflation indicates underlying price pressures remain strong
Rameda revenues up 14% while profits slip in 1Q 2023. PLUS: EKH, Oriental Weavers report 1Q23 earnings
Rameda’s private sales generated more than half of the company’s revenues during the quarter.
Scatec to partner on USD 450 mn green methanol plant. PLUS: infrastructure postponed, corn trading, Helpoo stake sale, Evonik
Scatec has become a key player in Egypt’s green energy industry
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