{"id":698801,"date":"2026-05-05T00:00:00","date_gmt":"2026-05-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=698801"},"modified":"2026-05-05T02:40:30","modified_gmt":"2026-05-05T02:40:30","slug":"govt-settles-90-of-its-arrears-to-pharma-companies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/05\/govt-settles-90-of-its-arrears-to-pharma-companies\/","title":{"rendered":"Gov\u2019t settles 90% of its arrears to pharma companies"},"content":{"rendered":"

The Madbouly government has settled 90% of its arrears to <\/strong>pharma companies, with the remaining dues to be cleared by the end of FY 2026\/27<\/strong>, Egyptian Chambers of Commerce\u2019s pharma division head Ali Ouf tells EnterpriseAM. <\/p>\n

The settlement is already boosting liquidity across the sector<\/strong>, allowing manufacturers to rebuild their strategic stockpiles, Ouf adds. The Finance Ministry is significantly hiking allocations for state buyers in the upcoming fiscal year, according to the budget document seen by EnterpriseAM.<\/p>\n

MEANWHILE- <\/strong>The state is also preparing to hike prices for around 150 imported meds without local alternatives, Ouf tells us. The move should help prevent future market shortages if shipping costs continue to rise and the value of the EGP continues to slide, with a pricing review set for July.<\/p>\n

\n

First time debt tap for Globalcorp<\/p>\n

Our<\/strong> friends at GlobalCorp closed an EGP 1 bn short-term notes (STN) <\/strong>issuance backed by the business\u2019 factoring portfolio<\/strong>, marking the first time it has tapped debt capital markets, according to a press release (pdf)<\/a>. The move comes just as the NBFS player gears up to formally launch a sale process<\/a> that could see up to 100% of the company change hands.<\/p>\n","protected":false},"excerpt":{"rendered":"

The state is also preparing to hike prices for around 150 imported meds<\/p>\n","protected":false},"author":1,"featured_media":698802,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,72,1832,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-698801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-globalcorp","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"8655ae6e-26b8-4342-b6cb-2317f87ccb01","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1023.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Pharma arrears nearly cleared","related_issue":[698786],"teaser":"The state is also preparing to hike prices for around 150 imported meds"},"yoast_head":"\nGov\u2019t settles 90% of its arrears to pharma companies - 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It\u2019s the end of a short \u2014 but eventful \u2014 workweek, and we\u2019ve got a packed issue to send you off into the weekend.Leading the issue today is our exclusive that the Finance Ministry is mulling whether to list its 20% stake in AlexBank on the EGX\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1023.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":659155,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/22\/government-clears-usd-1-bn-in-arrears-owed-to-foreign-oil-companies-in-the-first-week-of-january-report\/","url_meta":{"origin":698801,"position":3},"title":"Government clears USD 1 bn in arrears owed to foreign oil companies in the first week of January -report","author":"enterpriseam admin","date":"22 January 2025","format":false,"excerpt":"A new schedule to settle the accumulated USD 6.5 bn in arrears had been agreed with companies","rel":"","context":"In "Also on our Radar"","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\/2024\/11\/1190.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561764,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/also-on-our-radar-on-20-april-2021\/","url_meta":{"origin":698801,"position":4},"title":"Also on our Radar on 20 April 2021","author":"enterpriseam admin","date":"20 April 2021","format":false,"excerpt":"Egyptian security forces killed three Islamist terrorists involved in the execution of a 62-year-old Christian man, Nabil Habashy, last Saturday in North Sinai, the Interior Ministry said in a statement yesterday.Exporters have received EGP 2.4 bn of subsidy arrears from the Export Development Fund since February, when the Trade and\u2026","rel":"","context":"In "Also on our Radar"","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591788,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/pharma-companies-overdue-export-subsidies-reach-egp-500-mn\/","url_meta":{"origin":698801,"position":5},"title":"Pharma companies' overdue export subsidies reach EGP 500 mn","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"Pharma companies are claiming they are collectively owed some EGP 500 in export subsidies from the government, Medical Industries Export Council head Maged George tells the local press. 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