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egypt launches first ipo in three years with united bank sale
Egypt has launched its first initial public offering in three years, selling a stake of up to $110 million in United Bank as part of a privatization initiative supported by the International Monetary Fund. The offering involves 330 million shares, representing a 30% stake, priced at a maximum of 16.5 pounds each.
Egypt faces insulin access challenges amid rising diabetes rates and production delays
Egypt faces a critical insulin shortage amid rising diabetes rates, with NCDs accounting for 82% of deaths. Despite initiatives for local production, logistical and financial barriers persist, leaving many, especially in rural areas, struggling to access affordable diabetes care and supplies.
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