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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Life Healthcare Group expands its retail presence with a new pharmacy outlet in the UAE
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…
Read MoreCairo-based digital pharmacy startup Grinta makes third acquisition in Egypt
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…
Read MoreB-Pharma Holding to buy significant stake of 49 % in EZ International for up to US$16.1 million
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…
Read MoreZimbabwe cracks down on pharmacies over exchange rates violations
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…
Read MoreAster Pharmacy and Spinneys launch new wellness co-venture
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…
Read MoreTSFE, B Investments, and El-Ezaby Pharmacies form a strategic pharma collaboration
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…
Read MoreEgypt to begin electronic surveillance of antimicrobial resistance
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…
Read MoreSaudi retail pharmacy chain Nahdi posts US$236 million net profit in Q4
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…
Read MoreSaudi healthtech startup Aumet snaps up US$7M in a pre-Series A funding round
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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