Pre-Tading Thoughts

The Ministry of trade and industry is studying a package of incentives for the industrial sector. The Parliament gave preliminary approval to legislative amendments including tax and development fee hikes. Moody’s expects growth to slow in most emerging markets this year. The IFC could lend USD260 million to state-owned Banque Misr for on-lending to local MSMEs and women-owned SMEs. TMGH achieved net profit in 1Q23 grew 32.3% y/y and 145.2% q/q to EGP747.5 million....