NileSat profits surge 31.83% to $57.7m in 2024
NileSat, the Egyptian satellite company, has reported a significant increase in profits for 2024, with net earnings reaching $57.7m, a 31.83% increase compared to the $43.8m profit recorded in the previous year. The announcement was made during NileSat’s General Assembly,
Egyptian banks report record profits of EGP 534.8bn in 2024
Banks operating in the Egyptian market recorded net profits of EGP 534.8bn in 2024, compared to EGP 283.4bn at the end of 2023, the Central Bank of Egypt (CBE) revealed on Wednesday. The CBE’s report also indicated that the total
Private banks in Egypt achieve record profits in 2024
Private banks operating in the Egyptian market recorded unprecedented profits in 2024, driven by substantial growth in interest income and operating revenues. Commercial International Bank Commercial International Bank (CIB) led the sector with net profits reaching EGP 55.427bn by December
Talaat Moustafa Group’s 2024 profits soar 224% to EGP 10.7bn
Talaat Moustafa Group (TMG) reported a 224% surge in profits for 2024, reaching EGP 10.7bn, compared to EGP 3.3bn in 2023. This significant increase was driven by a 50% rise in revenues, which climbed to EGP 42.6bn from EGP 28.4bn
Public sector companies achieve EGP 68bn in profits over 8 years
Treasurer of the General Federation of Chambers of Commerce and Head of the Qalubeya Chamber, Mohamed Attia El-Fayoumi, stated that the roadmap for the public business sector began with Law No. 203 of 1991, marking the sector’s first steps toward
FABMISR profits surge 139% to EGP 15.8bn in H1 2024 – Dailynewsegypt
First Abu Dhabi Bank Misr (FABMISR) has announced strong financial results for the first half of 2024 (H1 2024), with net profit reaching EGP 15.8bn, representing a significant 139% increase compared to the same period last year. The bank’s performance,
TMG sales soar to EGP 340bn fueled by SouthMed – Dailynewsegypt
Talaat Moustafa Group Holding (TMG) has achieved a significant milestone, securing a staggering EGP 340bn ($7.1bn) in sales as of July 8, 2024. This remarkable figure, a more than sevenfold increase compared to the same period last year, is largely