
B.Laban to hold urgent talks to ensure full safety compliance
This came after the company received swift response from Egyptian President Abdel Fattah El-Sisi regarding recent concerns.
B.Laban reaffirmed its full cooperation with all regulatory bodies and its readiness to address any remarks or shortcomings transparently.
The company previously stated that its 110 branches, as well as facilities, in Egypt were shutdown.

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Arab News
2 hours ago
- Arab News
Hadley Gamble joins IMI as chief international anchor
ABU DHABI: IMI, the Abu Dhabi based media group, has appointed Hadley Gamble to the newly created role of Chief International Anchor. As part of her new role, Gamble will lead high-profile interviews and original features across IMI's network of media brands, including The National, Sky News Arabia, CNN Business Arabic, and Al-Ain News. A seasoned journalist and anchor, Gamble will use her extensive expertise in political and economic reporting, having interviewed heads of state, business leaders, and cultural figures over a notable career spanning two decades. Some of her high-profile interviews include Russian President Vladimir Putin, King Abdullah II of Jordan, Egyptian President Abdel Fattah el-Sisi, former US Secretary of State Mike Pompeo, and businessman and philanthropist Bill Gates, among many others. Based in London, she will represent IMI internationally and lead a new slate of cross-platform content. On her appointment, Gamble commented: 'I am excited to be joining a media group with global reach and a clear editorial vision across its media outlets. I look forward to working closely alongside The National, Sky News Arabia, CNN Business Arabic, and Al-Ain News to deliver distinctive journalism that informs and engages audiences around the world.' Gamble's appointment aligns with IMI's broader strategy to expand its international content footprint and continue to grow its global audience base, the media group said in a statement.


Asharq Al-Awsat
4 days ago
- Asharq Al-Awsat
Official to Asharq Al-Awsat: Egypt to Counter Any Threat to Its Water Security
Egypt has warned it will take 'necessary measures' to protect its historical rights to Nile waters, following new statements by Ethiopian officials that the Grand Ethiopian Renaissance Dam (GERD) is only the beginning of a wider dam-building plan. A senior Egyptian official, speaking to Asharq Al-Awsat on condition of anonymity, said Cairo remains committed to securing a binding agreement that regulates current and future projects on the Nile and its tributaries. 'Egypt will act to safeguard its water security in line with international law and treaties governing transboundary rivers,' the official said. 'We have always known Ethiopia has broader ambitions beyond the GERD. That's why we've insisted from the beginning on a binding agreement, not only to limit the harm from GERD but to regulate any future projects as well.' He added that Egypt considers Nile water a matter of national survival and would 'resist any threat with full force.' Cairo is closely monitoring whether Ethiopia's new dam plans will involve the Nile or other river systems, he said. 'Each case will be assessed accordingly.' The comments came after Ethiopia's GERD Coordination Office head, Aregawi Berhe, told local media on Wednesday that the dam was 'only the first step' in the country's strategy for water and energy development. 'We cannot rely on just one dam,' he said, calling for additional projects to support agriculture, which he described as the backbone of Ethiopia's economy and food security. Berhe also said the GERD was built entirely with domestic funding, pushing back on earlier remarks by US President Donald Trump suggesting American financial involvement. 'Vital lifeline' Egyptian lawmaker Mostafa Bakry described the Ethiopian statements as 'provocative' and accused Addis Ababa of seeking to impose a fait accompli, despite ongoing deadlock over the GERD negotiations. 'Ethiopia is treating the GERD as a closed chapter and is now openly discussing what comes next,' Bakry said. 'Cairo has known from the start that Ethiopia wants to build dozens of dams under the pretext of development and agriculture. But the real goal is to control the river and limit Egypt's water supply.' 'This is an existential matter for Egypt,' he warned. 'We will not tolerate threats to our survival. Ethiopia must reconsider its course before the situation escalates.' Ethiopia's latest declarations come amid renewed international attention on the Nile dispute, following comments by Trump expressing concern over the dam's potential impact on Egypt. Egyptian President Abdel Fattah al-Sisi welcomed the remarks and reiterated his country's reliance on US mediation to broker a final agreement. Earlier this month, Ethiopian Prime Minister Abiy Ahmed announced the completion of GERD construction and set September as the date for its official inauguration, inviting Egypt and Sudan to attend. Cairo swiftly rejected the call, denouncing what it sees as Ethiopia's continued unilateralism on Nile issues. Skepticism Egyptian water and Africa expert Dr. Raafat Mahmoud dismissed Ethiopia's justification that future dams would support agriculture. 'Most of Ethiopia's terrain is unsuitable for conventional irrigation. It's a rugged highland that relies on rainfall,' he said. 'Even GERD was completed with great difficulty and at high financial cost. Additional dams will face the same hurdles.' He argued that Ethiopia's ambitions are driven less by development and more by geopolitical aspirations. 'This is about positioning itself as a regional power and countering Egypt's influence in Africa. It's also part of a broader effort to gain access to the Red Sea and build a naval presence there.' Still, Mahmoud said Egypt is unlikely to take immediate action unless a direct threat to its water supply materializes. 'As long as there's no measurable harm, Cairo will likely stick to diplomacy. But under international law, it reserves the right to act if its vital interests are jeopardized.' He added that many of Addis Ababa's announcements are aimed more at domestic audiences than at regional planning. 'These public statements are often designed to rally Ethiopian citizens, even when they don't reflect the realities on the ground.'


Argaam
5 days ago
- Argaam
Jamjoom Pharma ups profit margin forecast to 33%: CEO
Tarek Youssef Hosny, CEO of Jamjoom Pharmaceuticals Factory Co. (Jamjoom Pharma), said he expects the company to continue growth and achieve added value, saying that the forecast for the EBITDA margin for 2025 was raised to a range between 31.5-33%, from previous estimates of 30-31.5%, following the company's performance in the first half of the year. In an interview with Argaam, the top executive said that Jamjoom Pharma maintained its exceptional performance during H1 2025, attributing the continued growth to the strong momentum achieved in the first quarter, reflecting the resilience of its strategy in a dynamic operating environment, by focusing on strategic brands, improved operational efficiency, and disciplined cost management. He indicated that enhanced operational efficiency in research and development, manufacturing, and distribution contributed to boost profitability while maintaining a commitment to innovation and quality, adding that the company also continued to strengthen its key partnerships, launch new products, and continue its sustainability efforts. Meanwhile, the company's sales witnessed strong momentum across key markets during H1 2025. The Saudi market continued to drive growth, with revenues rising by 20.6% to SAR 577.8 million, accounting for more than two-thirds of the company's total revenue. Gulf markets accounted for SAR 107.7 million, led by the UAE and Oman, while sales in the Iraqi market grew by 27.3% to SAR 83.2 million, according to the top executive. He also highlighted that revenue from the Egyptian market grew by 12.8% in Egyptian pound, but declined when converted to Saudi riyals due to the depreciation of the Egyptian pound. Meanwhile, revenue from other export markets amounted to SAR 48.4 million, down 10% due to regional tensions in Jordan and Lebanon. However, export growth in Morocco and Libya helped mitigate the negative impact. Hosny also stated that the company is currently re-evaluating its distribution channels to ensure margin sustainability and achieve lower-risk growth in those markets. The company's H1 revenue was backed by several therapeutic areas, most notably general medicine, which grew by 37.7%. The ophthalmology and dermatology segments together accounted for 43.1% of topline. The diabetes drug portfolio grew by 71.5%, while cardiovascular treatments saw a 31.1% increase in sales, he added. Total production at the company's three plants reached 86 million units during H1, topped by the Jeddah plant with 68 million units at a utilization rate of 90.5%. Production at the Egypt plant grew by 54.1%, reaching 14 million units. The new sterile products plant in Jeddah continued its expansion, doubling its annual output to 4 million units with a utilization rate of 32.2%, which supported supplies in ophthalmology and sterile product segments, according to the CEO. As regards the Algeria project, Hosny said the project contributed SAR 6.5 million to H1 profit, as part of the company's expansion strategy in North Africa, while leveraging local manufacturing to enhance efficiency and reduce costs. He noted that this provides a solid platform for future expansion into neighboring North and West African markets. He also highlighted that the company will continue expanding into high-value therapeutic areas, accelerating regional expansion initiatives, and strategically investing in research and development and business alliances, especially in its core focus areas, with disciplined spending and a scalable platform.