HEALTHCARE

20 Feb 2020

Coronavirus fears drive gold prices up in Egypt, 21k gold at EGP 697

The price of gold has risen in the Egyptian market during the past couple of days by about LE13, a result of global fears over the economic fallout of the coronavirus epidemic, which has prompted investors to take refuge in safe-havens like gold.

The"...

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19 Feb 2020

Novo Nordisk Egypt appoints new Vice President

Novo Nordisk, the leading global health care company, has appointed Dr Ayman Hassan as the new Vice President and General Manager for the company’s operations in Egypt.

With"...

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18 Feb 2020

EGX-listed companies shrug impact of Coronavirus on sales

While the Egyptian Ministry of Health announced the first case of a new Coronavirus in Egypt in a foreign national, in addition to the rising number to reach 70,000, some companies on the Egyptian Exchange (EGX) have confirmed so far that there are no significant effects on their internal"...

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16 Feb 2020

NEXtCARE, the Region’s Leading Third-Party Administrator Launches Telehealth Service With Health at Hand

Health at Hand, one of the Middle East’s most advanced telehealth providers, has launched its services with NEXtCARE. In a bid to improve access to care for NEXtCARE members, Health at Hand has developed a software solution (SDK) to provide members access to a doctor through video"...

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16 Feb 2020

Speed Medical reports EGP 17M YoY

ArabFinance: Speed Medical (SPMD) announced, in a statement sent to EGX, the audited financial results for the financial period starting Jan. 1, 2019, and ending Dec. 31, 2019.

The company posted consolidated"...

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16 Feb 2020

E-health startup Vezeeta raises $40m Series D funding round

Egyptian e-health startup Vezeeta has raised a US$40 million Series D funding led by UAE-based Gulf Capital, alongside further investment from existing Riyadh-based investor Saudi Technology Ventures (STV).

The"...

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15 Feb 2020

Octapharma Group Delivered Strong Growth in Both Sales and Operating Income In 2019

  • Reported revenues of €2.2 billion represent an increase of €417 million (23.2%) on 2018
  • Operating income of €424 million represents an increase of €78.6 million (22.7%) on 2018
  • All products performed well, but highlights are the year-on-year growth of the Group’s immunoglobulin product portfolio, as well...

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15 Feb 2020

Mary Kay Participates in 2020 Generational Dermatology Palm Springs Symposium

Mary Kay Inc., a global beauty company and leader in skin care innovation, continued its decades-long support of the beauty and scientific communities by recently supporting the 2020"...

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12 Feb 2020

Egypt's health-tech start-up Vezeeta raises $40 million to finance expansion

Egyptian start-up Vezeeta said it raised $40 million (Dh147m) in its latest funding round, led by Abu Dhabi-based alternative asset management firm Gulf Capital, to finance expansion plans.

The Series D funding"...

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11 Feb 2020

Fine Hygienic Holding to begin study for sixth paper mill

ArabFinance: Fine Hygienic Holding (FHH), one of the world’s leading Wellness Groups and manufacturer of hygienic paper products, will begin evaluating strategic locations for the establishment of a sixth paper mill. The Group, which earned the well-deserved award, “Sterilised"...

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