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Government dues owed to pharma firms hit EGP 50 bn
The pharma sector is set to implement phased price hikes affecting around 100 drugs per month
Czech’s HPC, Egypt’s Treegas to build EUR 10 mn fiberglass cylinder factory. PLUS: Onasolar, Scatec, Pfizer, Ever Pharma, Roche, Paymob + Homzmart
The first phase will see investments of EUR 7 mn, contributing to an annual production capacity of 500k cylinders
Vodafone International Services, Raya CX, and others given greenlight to open new call centers. PLUS: GlaxoSmithKline, NHS + EHA, MSMEDA + Tanmiya Capital Ventures
The government wants to see digital outsourcing services bring USD 9 bn into the economy annually as of 2026
Hassan Allam Properties buys 110K sqm of El Gouna from Orascom Development for USD 37.4 mn. PLUS: Allianz Egypt, Tadweer, Chefaa, Luna, Didi
The sale is expected to attract investments in El Gouna’s infrastructure, amenities, and facilities
Macro Group sees an uptick in 3Q net income after a difficult 9M. PLUS: Al Baraka Bank’s net income up 51.9% y-o-y in 3Q
Macro’s revenues also fell 46% y-o-y to EGP 319 mn
The world is facing a historic dip in fertility rates, and Egypt is no exception
Most countries have fallen below replacement-level fertility of 2.1 children per woman
Vezeeta announces new innovation hub, Visa and Nymcard partnership, regional expansion plans
This is Visa’s first healthcare venture in Egypt and the region
Gov’t to offer private players 21 plots to set up hospitals. PLUS: News from Vantage Capital, Aleph Holding
The government wants to add 173k beds to the country’s residential capacity by 2030
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