Thomas Jackson

United States

Egypt becomes first country to produce 91% of its medicines locally

Egypt meets 91% of medicine needs locally via 179 plants, raw material reserves, and 98% fewer shortages, boosting pharma self-reliance.

Genesis opens its first African showroom in New Cairo, debuting luxury EVs like the GV60 and Electrified GV70/G80 with ICE pre-orders planned.

Egypt extends the 2019 gas deal with Israel’s Leviathan field for 130 bcm over 15 years (~$35B), enhancing energy security amid geopolitical shifts.

Egypt plans to auction €550M in one-year euro T-bills to replace €609.8 maturing, raising euros amid external revenue pressures.

Egypt’s urban inflation eased to 13.9% in July from 14.9% in June, led by steep drops in prices of fruits, vegetables, and meat.

Events

LED Middle East EXPO 14.08.2025

Pharmaconex 01.09.2025

Egypt Projects 06.09.2025

Metal Steel Middle East 06.09.2025

HACE 07.09.2025

Paper Middle East 09.09.2025

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