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Monday, 9 July 2018

On the horizon

President Abdel Fattah El Sisi will unveil an unspecified new education program this month, Cairo University President Mohamed El Khosht said, Al Shorouk reports. El Khesht gave no detail about the program and wouldn’t specify whether it was K-12 or post-secondary, but claimed the unveiling will happen at Cairo University. The Madbouly Cabinet’s policy program takes the development of human capital through reforming education as one of its priorities.

Appeals Court to rule on Ibnsina antitrust case on 16 July: The Cairo Court of Appeals is expected to rule on 16 July on Ibnsina Pharma’s appeal of antitrust sanctions imposed in a case brought by the Egyptian Competition Authority. A Cairo Economic Court had ruled in March that Ibnsina, United Pharma, Ramco Pharm and Multipharma had colluded to cut credit periods and slash discounts to small and medium sized pharmacies. The companies were fined a total of EGP 5.6 bn.

An IMF delegation will visit Egypt in November to conduct its fourth review on economic progress before disbursing the next loan tranche, Finance Minister Maait told Al Shorouk on Friday.

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