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Pfizer is looking to increase investments in Egypt by USD 70 mn
INVESTMENT WATCH- Pharma giant Pfizer is looking to invest an additional USD 70 mn in Egypt “in the coming months,”…
Hardhat: East Port Said Industrial Zone
In this week’s edition of Hardhat, Enterprise had a chat with East Port Said Development’s (EPD) commercial director Shahira El…
Ibnsina registers profits of EGP 328.7 bn in 2019
EARNINGS WATCH- Ibnsina Pharma posted annual net profits of EGP 328.77 bn in 2019, a 25.24% y-o-y increase from the…
Rameda Pharma reports 36% drop in net profits
EARNINGS WATCH- Rameda Pharma’s net profits dropped 36% y-o-y in FY2019 to EGP 82.4 mn, down from EGP 129 mn…
Novo Nordisk appoints new Egypt VP
MOVES- International healthcare firm Novo Nordisk has appointed AymanHassan as its new VP and general manager for Egypt, the company…
FinMin to exempt 74 pharma materials from VAT
LEGISLATION WATCH- FinMin mulls VAT exemptions for 74 raw materials used by med makers: The Finance Ministry decided at the…
Future Pharma negotiating with banks to part-finance new EGP 500 mn factory
Future Pharma Industries (FPI) is negotiating several unidentified local banks to secure funding for a new EGP 500 mn factory,…
ACDIMA Pharma Chairman steps down citing differences with shareholders
MOVES- Chairman Ahmed Hegazy has resigned from his position as chairman of October Pharma, sources close to the company told…
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