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SCZone’s “Pharma City” targets EUR 4 bn in investments over five years
The Suez Canal Economic Zone will feature a designated “Pharma City” targeting domestic and global manufacturers, Suez Canal Economic Zone…
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Gov’t borrowing to rise 8.5% in third quarter, bias toward short-term instruments
Government borrowing will rise about 6.4% in the third quarter of the current state fiscal year to EGP 229 bn,…
Parallel market will not magically disappear, but banks in control now -Amer
The “magic wand” that was the float of the EGP will not make the parallel market disappear entirely at an…
Pharma producers, gov’t disagree over how to define a chronic illness
How do you define a chronic illness? Pharma producers are facing another disagreement with the Health Ministry over which medications…
CPA refers Orange and Vodafone to prosecution over 4G services advertisements
The Consumer Protection Authority is asking prosecutors to investigate Orange Egypt and Vodafone Egypt over what it claims is “misleading”…
EFG accelerates expansion of frontier markets drive, appoints Khalpey to head division
In frontier market push, EFG Hermes taps Exotix Africa co-founder Khalpey to lead EFG Hermes Frontier. EFG Hermes appointed Ali…
MNOs place limits on number of TE clients on each of their networks
Mobile network operators, Telecom Egypt still dancing around infrastructure sharing agreement: The three existing mobile network operators (MNOs) have submitted…
House approves establishment of national food safety authority
The House of Representatives voted yesterday in favor of a bill that will see the establishment of a national food…
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