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Tuesday, 2 March 2021

Also on our radar on 2 March 2021

Sales by private sector pharma players in Egypt grew 14% y-o-y in January to hit EGP 6.75 bn, Souq Al Dawaa reports, citing unnamed sources. Sales volumes in the year to January were up 5.2%, reaching EGP 81.3 bn. Novartis topped January's bestseller list, followed by Amoun, Sanofi, GlaxoSmithKline, Eva Pharma, Pfizer, Eipico, and Pharco.

Other things we’re keeping an eye on this morning:

  • Baltic tour operator Novaturas Group is doubling the number of weekly flights to Egypt to four starting this month due to increased demand. Flights will be coming from the Lithuanian and Estonian capitals, Vilnius and Tallinn.
  • Egygab Developments has purchased 83k sqm of land from Madinet Nasr for Housing and Development on which it will establish an EGP 2 bn residential project.
  • Egyptian agricultural exports increased by 5% y-o-y since the start of 2021, totaling almost 1 mn tonnes.
  • Kadmar Shipping will begin operating a shipping line between Alexandria and Russia to transport Egyptian agricultural crops.

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