{"id":578836,"date":"2023-01-16T04:11:09","date_gmt":"2023-01-16T04:11:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/striking-gas-price-hikes-coming-for-meds\/"},"modified":"2023-01-16T04:11:09","modified_gmt":"2023-01-16T04:11:09","slug":"striking-gas-price-hikes-coming-for-meds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/striking-gas-price-hikes-coming-for-meds\/","title":{"rendered":"Striking gas + price hikes coming for meds?"},"content":{"rendered":"<p><strong>The talking heads honed in on Chevron and Eni\u2019s \u201csignificant\u201d EastMed gas find last <\/strong><strong>night <\/strong>(more on that in today\u2019s Energy section.) Elsewhere, the pundits aired a warning that meds could be about to get pricer on the back of the latest EGP deval and looked at new measures to subsidize bread.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>The price of some meds could increase by 20-25% by the end of February <\/strong>after around 50-60 medicine manufacturers submitted requests to the Egyptian Drug Authority to hike prices against the backdrop of the EGP\u2019s depreciation, Ali Ouf, head of the pharma division in the Federation of Egyptian Chamber of Commerce, told Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=DKaFi_nsNUk\">watch, runtime: 2:36<\/a>). The companies had used an exchange rate of EGP 20 \/ USD 1 when they determined the current prices, Ouf said.<\/p>\n<p><strong>Subsidized bread for everyone? All citizens \u2014 including those not eligible for ration <\/strong><strong>cards \u2014 <\/strong>may soon be able to buy subsidized bread at cost, Supply Minister Ali El Moselhy told El Hekaya\u2019s Amr Adeeb (<a href=\"https:\/\/www.facebook.com\/Elhekayashow\/videos\/871765080641490\">watch, runtime: 1:12<\/a>.) Consumers will be able to purchase the bread using prepaid cards that will be sold at post offices for around EGP 100, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The talking heads honed in on Chevron and Eni\u2019s \u201csignificant\u201d EastMed gas find last night (more on that in today\u2019s Energy section.) Elsewhere, the pundits aired a warning that meds could be about to get pricer on the back of the latest EGP deval and looked at new measures to subsidize bread. The price of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":578837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7232],"tags":[317,1419,72,7115,182,106,427,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-commodities","tag-egp","tag-enterpriseam","tag-healthcare","tag-inflation","tag-last-nights-talk-shows","tag-pharma","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"0c0cc760-17d1-4124-992d-9143920b5336","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/250.jpg","photo_position":"above","related_issue":[578821],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Striking gas + price hikes coming for meds? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/striking-gas-price-hikes-coming-for-meds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Striking gas + price hikes coming for meds?\" \/>\n<meta property=\"og:description\" content=\"The talking heads honed in on Chevron and Eni\u2019s \u201csignificant\u201d EastMed gas find last night (more on that in today\u2019s Energy section.) Elsewhere, the pundits aired a warning that meds could be about to get pricer on the back of the latest EGP deval and looked at new measures to subsidize bread. The price of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/striking-gas-price-hikes-coming-for-meds\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-16T04:11:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/250.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/striking-gas-price-hikes-coming-for-meds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/striking-gas-price-hikes-coming-for-meds\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Striking gas + price hikes coming for meds?\",\"datePublished\":\"2023-01-16T04:11:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/striking-gas-price-hikes-coming-for-meds\/\"},\"wordCount\":199,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/striking-gas-price-hikes-coming-for-meds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/250.jpg?fit=%2C&ssl=1\",\"keywords\":[\"commodities\",\"EGP\",\"EnterpriseAM\",\"healthcare\",\"inflation\",\"LAST NIGHT\u2019S TALK SHOWS\",\"pharma\",\"subsidies\"],\"articleSection\":[\"LAST NIGHT\u2019S TALK SHOWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/striking-gas-price-hikes-coming-for-meds\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/striking-gas-price-hikes-coming-for-meds\/\",\"name\":\"Striking gas + price hikes coming for meds? 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The investment will also be used to expand the company\u2019s distribution network. Beyti invested EGP 204 mn in Egypt\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/78.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567613,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/last-nights-talk-shows-on-1-december-2020\/","url_meta":{"origin":578836,"position":1},"title":"Last Night\u2019s Talk Shows on 1 December 2020","author":"enterpriseam admin","date":"1 December 2020","format":false,"excerpt":"The big econ story of the night: The government will begin disbursing the next batch of employment grants to some 2.3 mn day laborers next week, Finance Minister Mohamed Maait told Kelma Akhira\u2019s Lamees El Hadidi last night, Some EGP 1.2 bn in payments will be shelled out each month\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/23.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588632,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/14\/eva-pharma-plans-usd-110-mn-saudi-meds-complex\/","url_meta":{"origin":578836,"position":2},"title":"Eva Pharma plans USD 110 mn Saudi meds complex","author":"enterpriseam admin","date":"14 June 2023","format":false,"excerpt":"The company wants to build five factories and a research hub","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/691.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593420,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/efg-led-rx-healthcare-confirms-closing-egyptian-meds-producer-united-pharma-acquisition\/","url_meta":{"origin":578836,"position":3},"title":"EFG-led Rx Healthcare confirms closing Egyptian meds producer United Pharma acquisition","author":"enterpriseam admin","date":"27 November 2019","format":false,"excerpt":"M&A WATCH- Rx Healthcare confirms closing United Pharma acquisition: EFG Hermes\u2019 Rx Healthcare Fund has confirmed media reportst that it has acquired a majority stake in meds producer United Pharma, according to an emailed statement (pdf). Rx carried out the acquisition through Nutritius Investment Holdings, a special purpose vehicle established\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542950,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/last-nights-talk-shows-merck-covid-pill-approved-for-use-in-egypt-el-sisi-holds-talks-with-algerian-prez\/","url_meta":{"origin":578836,"position":4},"title":"Last Night\u2019s Talk Shows: Merck covid pill approved for use in Egypt + El Sisi holds talks with Algerian prez","author":"enterpriseam admin","date":"25 January 2022","format":false,"excerpt":"Our meds regulator\u2019s decision to approve Merck\u2019s antiviral covid-19 pill Molnupiravir for emergency use was the talk of the talk shows last night. Al Hayah Al Youm (watch, runtime: 9:48), Hadeeth El Kahera (watch, runtime: 10:05) and Kelma Akhira (watch, runtime: 8:56) all had coverage. We have the full story\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543931,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/last-nights-talk-shows-higher-penalties-for-fake-pharmacists\/","url_meta":{"origin":578836,"position":5},"title":"Last Night\u2019s Talk Shows: Higher penalties for \u201cfake\u201d pharmacists","author":"enterpriseam admin","date":"24 February 2022","format":false,"excerpt":"Cabinet\u2019s approval of amendments to the Pharmacists Act that would enforce more stringent penalties on improperly licensed pharmacies made the rounds on the airwaves last night. Head of the pharma division in the Federation of Egyptian Chamber of Commerce Ali Ouf spoke with Masaa DMC (watch, runtime: 8:00) to discuss\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578836"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578836\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578837"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578836"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578836"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}