Company plans to increase presence in Egypt to 10 branches during the year
Latest by Alyaa Stohy
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The approval was given by the Ministry of Health’s pharmaceutical regulatory body, the Egyptian Drug Authority (EDA). According to the EDA-issued approval, it is expected that all registration procedures will be completed within three months in preparation for production.
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The contract, which had been accepted by MNHD’s Board of Directors, had approved Total Egypt’s offer at a meeting in November 2019. The contract concerns an area of land on the El Amal Road, which serves as the main access route from the Suez-Administrative Capital Road.
Sources close to deal expect it will be officially closed by November
The plan includes clear mechanisms and action plans for the HHD’s development based on self-resourcing. It will also include partnership agreements with some developers to exploit a portfolio including plots of land, similar to the agreement signed with SODIC to develop 650 feddan in New Heliopolis.
We intend to bring our electronic expertise to funds we manage, similar to Suez Canal Bank fund, says Aboul Enien
Pharos Holding witnesses substantial leap on previous month, gaining first place, with trading value of EGP 7.2bn
Industry sources told Daily News Egypt that companies, including Egyptalum, continue to push hard for a further lowering of electricity prices from the current $0.06/kwh or EGP 1.0/kwh, to $0.04/kwh.
GB Auto market share declined to 13.9%, down from 19.5% in April
Company attributes quarterly loss to weak operating performances on back of plummeting demand
The company posted profits of EGP 26m for the two-month period over April and May 2020, compared to the EGP 7m reported in the same two month period of 2019.
Company’s Morocco factory will start operations by beginning of 2021, says Shams Eldin
Subject to regulatory and corporate approval, the joint venture will establish the university’s campus over a targeted land area of 100,000sqm in Badya, which is strategically located in the heart of West Cairo.
Solvency standards set minimum capital adequacy to meet credit. operating risks at consumer finance companies
2,700 citizens use nano-finance products with loans amounting to EGP 650,000 end-May, says Omran
Despite slashing capex budget to EGP 650m from EGP 790m, management optimistic about H2 of 2020
The syndicated credit facility will partially finance the investment cost of Hacienda Bay, one of the real estate developer’s major projects in the North Coast, according to a statement to the Egyptian Exchange on Thursday.
The pharmaceuticals firm awaits the Egyptian Ministry of Health’s approval to export the antiviral drug, Morsy noted.
Transferred financial value funds provide financing for all financing companies, says Omran
The company reported that net revenues stood at EGP 260.2m, down 40% quarter-on-quarter (q-o-q) and 23% year-on-year (y-o-y).
Recovery from coronavirus crisis could take up to 18 months: Head of Research at EFG
Market capitalisation up by EGP 10.6bn, EGX30 up by 2.55%
EDA also grants approval for Rameda to begin manufacturing intravenous Remedisivir vials