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Tuesday, 2 August 2022

Egypt is getting closer to being able to export home-made covid vaccines

A step closer to exporting covid vaccines: Egyptian medical authorities are the first in the region to achieve the World Health Organization’s (WHO) second-highest regulatory classification, bringing the country closer to exporting covid-19 jabs, the global health body said in a statement yesterday. Reaching the ML-3 level of national vaccine regulation allows Egyptian vaccine makers to apply to the WHO to have their products pre-qualified and listed for emergency use. This will allow Egyptian companies to export covid vaccines outside our borders, the WHO said.

The first phase of the Decent Life initiative is set to be completed by the end of 2022, Prime Minister Moustafa Madbouly said in a press conference yesterday (watch, runtime: 12:02). The initial phase was originally scheduled for completion before the start of the current fiscal year in July. Read this for more information on the Decent Life initiative.

Oh, Canada: Oil Minister Tarek El Molla and the head of the Royal Canadian Mint discussed potential cooperation in Egypt’s gold mining industry. (Statement)

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

  • Banque Misr sold its entire 10% stake in Egyptian Financial and Industrial (EFIC) to Midfert Misr Investment for EGP 145.3 mn. Midfert now owns c. 22% of the company. (Statement, pdf | Statement, pdf)
  • Egyptians can travel visa-free to Serbia in August and September as long as the trip is booked through a Serbian travel agency and they have proof of a return trip. (Statement)
  • The National Telecom Regulatory Authority (NTRA) handed out EGP 21 mn of fines to telecom companies in 2Q 2022 for failing to meet service quality standards. (Al Borsa)

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