Banque Misr achieves pre-tax profits of EGP 80.9bn in 2023

Banque Misr’s general assembly approved last Thursday the financial statements for the fiscal year ending 31 December 2023, showcasing impressive growth across all business sectors. The bank’s total financial position reached EGP 2.6trn in December 2023, up from EGP 2.2trn in December 2022, marking a growth rate of approximately 14.9%.…

Finance Minister says Egypt’s economic situation “reassuring”

Finance Minister Ahmed Kouchouk affirmed Friday 20/9/2024 that Egypt’s economic situation is “reassuring” as reflected in positive budget performance indicators during the past fiscal year. “We are striving to contribute effectively to establishing a “business-friendly” environment that relies on a sufficient degree of trust, clarity, and tax certainty, essential for…
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