No.1 Healthcare & Pharma Industry Magazine for Middle East & Africa
UAE – Ethmar International Holding has purchased a significant stake in Al Ain Pharmacy Group, a world-class provider of health services and pharmacies in the United Arab Emirates. With nearly…
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UAE – Life Healthcare Group, a homegrown healthcare company, has officially opened a new ultra-modern pharmacy outlet in Dubai, marking its 400th pharmacy in the United Arab Emirates. Life Healthcare…
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EGYPT – Grinta, an e-commerce platform digitizing the pharmaceutical supply chain, has made its third acquisition in just over nine months after the Cairo-based startup picked up a US$8 million…
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EGYPT – B Pharma Holding, the investment vehicle of B Investments, is engaged in serious talks to obtain a significant stake of 49% in EZ International in a deal worth…
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ZIMBABWE— The Ministry of Finance and Economic Development, has directed the cancellation of 17 rogue pharmacy after the Financial Intelligence Unit Investigations (FIU) conducted investigations which found the businesses violating…
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UAE – Aster Pharmacy and Arabian multinational supermarket chain Spinneys have completed the formation of Zest Pharmacy, a 50-50 joint venture focused on premium wellness. Aster Pharmacy, a part of…
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EGYPT – The Sovereign Fund of Egypt (TSFE), private equity firm B Investments, and pharmaceutical supply chain El-Ezaby Pharmacies have joined forces to establish a new company, EZ International. This deal…
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EGYPT – A new electronic system for tracking and monitoring antimicrobial resistance is set to launch in Egypt. This news comes as the Ministry of Health and Population (MoHP) and…
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SAUDI ARABIA – Nahdi Medical Company, Saudi Arabia’s pharmaceutical retailer and healthcare company, reported SAR 888 million (US$236.40 million) in net profit for the fiscal year 2022. Nahdi reported a…
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SAUDI ARABIA – Saudi Arabia-based healthtech startup Aumet has closed a US$7 million pre-Series A funding round to scale AI-driven healthcare solutions. The round was led by AAIC, a Tokyo-based…
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