Egypt’s pharmaceutical market records EGP 277bn annual sales: EDA
Ali Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA) has reported that the total sales of Egypt’s pharmaceutical market from October 2023 to September 2024 reached 3.6 billion units, valued at approximately EGP 277bn, positioning it as one of the
Egypt, Japan’s JOIN discuss investment cooperation in infrastructure
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Hideki Okada, Head of the Business Development Unit at Japan Overseas Infrastructure Cooperation (JOIN) to discuss ways to encourage Japanese companies to pump new investments
Philip Morris Misr Announces its New Prices effective November 8th, 2024
Philip Morris Misr announces its new price list for all variants of its heated tobacco products ‘HEETS’ and ‘TEREA’, and conventional cigarettes ‘Merit, Marlboro and L&M’. Philip Morris Misr assures all its adult smokers and nicotine users that the new
TMG reports record sales: EGP 53bn from Benan project in Saudi Arabia
Talaat Moustafa Group (TMG) has reported record sales, reaching EGP 470bn (equivalent to $9.4bn) as of November 6th. This represents a significant increase of over four times compared to the EGP 108bn recorded during the same period last year. The
CI Capital concludes EGP 884m securitized bond issuance for Reefy Microfinance
CI Capital, the leading diversified financial services group, announced Wednesday the conclusion of EGP 884m securitized bond issuance for Reefy Microfinance Enterprise Services, which acted as the originator of the portfolio. Reefy’s issuance comes in 3 tranches: the first valued
Communications sector contributes 5.8% to GDP in FY 2023/24: Talaat
Amr Talaat, Egypt’s Minister of Communications and Information Technology, has emphasized that the success of Egypt’s communications and IT sector is built on its human capital and expertise, which have been driving growth for six consecutive years. Thanks to the
Tadamun Microfinance, EBank sign EGP 50m worth of credit facility
Tadamun Microfinance Foundation, which finances women’s micro-enterprises, announced signing a EGP 50m credit facility with the Export Development Bank of Egypt (EBank). The aim is to meet the needs of the women-led micro-enterprise sector, facilitate access to the necessary financing,
NAIA Developments announces Alana expansion in New Sheikh Zayed
NAIA Developments has launched a new phase, Alana, within its NAIA WEST project in New Sheikh Zayed City. Alana includes a variety of unit sizes ranging from 135 to 175 sqm, with a total of 496 residential units. It also
TMG hits EGP 470bn in sales, outpacing top 9 competitors combined: Hisham Talaat Moustafa
Talaat Moustafa Group (TMG) has achieved record sales, generating EGP 470bn in revenue since the beginning of 2024, according to CEO Hisham Talaat Moustafa. This figure surpasses the combined sales of the top nine real estate companies in Egypt, solidifying
CBE conducts training programme for calibres from Djibouti’s central bank
The Central Bank of Egypt (CBE) conducted a training programme for calibres from the Central Bank of Djibouti (CBD) covering the latest operational systems employed in key areas, including the International Transactions Reporting System (ITRS) in Egypt – a primary