Friday, September 21, 2018
Directory Directory Subscribe
Login
 

Turkish firm to export $6 million worth in medicine to Qatar

 
 

Please, enter data

Please, enter data

Hurriyat Daily news, 4 January 2018

The Turkish pharmaceutical firm CinnaGen has signed a five million euro ($6 million) deal with Qatar’s leading drug company Ebn Sina Medical, state-run Anadolu Agency reported on Jan. 4, citing the Turkish company’s chief executive officer.
 
Speaking at a signing ceremony in Qatar’s capital Doha, Ferhat Farsi said his firm aims to raise Qatar’s accessibility to biotech medication under the agreement with Ebn Sina.
 
“Currently, Turkey’s pharmaceutical exports to Qatar are [worth] about one million euros [$1.2 million]. With our 5 million euro [$6 million] deal, we will increase our country’s drug exports to Qatar five-fold,” Farsi said.
 
The firm will invest $100 million, including for research and development, and factory investments in the upcoming period in Turkey, he added.
 
Meanwhile, Ebn Sina will work on marketing and sales of biotechnological products in the fields of multiple sclerosis, anticancer, rheumatoid arthritis and blood disease, the company’s General Manager Sherif Shehata said.
 
Turkish Ambassador Fikret Özer, on the other hand, encouraged Turkish companies to visit Qatar and find new business opportunities to build solid and long-lasting business partnerships.
 
“Partnerships will develop the economies of both countries,” Özer said.
 
Ebn Sina Medical under Al Faisal Holding dominates half of the Qatari medicine market.
 
Biotechnology—technology based on biology—uses cellular and biomolecular processes to develop technologies and products that help health and nature, according to Biotechnology Innovation Organization.
 
Hurriyat Daily news
04/01/2017
  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Cyprus, Egypt sign deal for gas pipeline in Mediterranean
The Daily Star, 20 September 2018

Cyprus and Egypt signed an agreement paving the way for the Mediterranean’s first subsea pipeline to carry Cypriot natural gas to the Arab country for ...

Read full story
Cyprus, Egypt sign deal for gas pipeline in Mediterranean
Siemens to boost power output at Al-Sadder
Iraq Business News, 19 September 2018

In line with Iraq’s goal to improve the efficiency and availability of the country’s power plants, Siemens will provide inspection and upgrade services ...

Read full story
Siemens to boost power output at Al-Sadder
Tivoli Hotels expands to Qatar
Hospitality Design, 19 September 2018

Tivoli Hotels has announced its expansion into Qatar with the newly debuted Souq Al Wakra Hotel Qatar by Tivoli in the historic coastal settlement and trading ...

Read full story
Tivoli Hotels expands to Qatar
Agriculture minister: $26bn volume of trade with EU
Egypt Today, 18 September 2018

Minister of Agriculture and Land Reclamation Ezzedin Abu Steit said Tuesday the European Union is Egypt's first partner in terms of exports and imports.
...

Read full story
Agriculture minister: $26bn volume of trade with EU
Back to Home Page 2035 --- 0 <><><> 315.16666666667.....exvideo=0....eximage=0
P -1
BR 0

 
Future Traffic Security
24 - September 2018
Building Capability and Future Careers
24 - September 2018
Global Road & Traffic Safety Forum - Abu Dhabi
24 - September 2018
KSA Manufacturing Tech Show
22 - October 2018
3rd Annual RetrofitTech KSA
29 - October 2018
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Hospitality Qatar - 6 November - 8 November 2018  
  HQ - Food Qatar - 6 November - 8 November 2018  
  Project Qatar - 29 April - 1 May 2019  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Beirut Boat
Energy Lebanon
Project Lebanon
Qatar
Hospitality Qatar
HQ - Food Qatar
Project Qatar
Iraq
Iraq Agrofood Baghdad
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2018 - © All rights reserved