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Fines + jail time for improperly licensed pharmacies + no more blinding billboards
Bigger penalties for improperly licensed pharmacies: The Madbouly Cabinet approved yesterday proposed amendments to the Pharmacists Act that would impose…
Gov’t again ups 2021-2022 growth forecast
Egypt’s economy is expected to grow 6.2-6.5% in FY2021-2022, marking an upwards revision from the previously expected 6%, Planning Minister…
Schneider eyes Electricity Ministry’s remaining energy control center contracts
Schneider eyes EUR 500-600 mn contract for 10 control centers: Schneider Electric Systems is in talks with the Electricity Ministry…
Cement production quotas bring Spegyco back from zombie status
Saad El Din Group has restarted operations at the Spanish Egyptian Cement factory (Spegyco) after a three-year hiatus, the group’s…
Last Night’s Talk Shows: What the Ukraine crisis means for our tourism industry
The number of Ukrainian visitors to Egypt has declined about 20-25% since the start of the year, Tourism and Civil…
NERIC eyes production of electric locomotives by end of 2022
NERIC to begin electric locomotive production by year-end: The National Egyptian Railway Industries Company (NERIC) will begin manufacturing electric locomotives…
More moves from the central bank to ease in new import rules + Nafeza trials for air freight to start soon
CBE teams up with Credit Guarantee Company to help banks cover risk when issuing letters of credit to importers: The…
Digital Africa will invest in 200 African startups over the next three years
France-backed initiative to fund 200 African startups by 2025: French government-backed initiative Digital Africa will turn to a forprofit model…
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