Arab Finance: The board of directors of Egyptian Gulf Bank (EG Bank) (EGBE) announced that as per the bank's estimated budget for 2023, its profits are expected to increase by more than 15% in the year ended December 31^st, 2021, according to a statement published on December 6^th.

Moreover, the board has accepted the resignation of Amr Mohamed Tawfik Bakir from his position as First Deputy CEO and Executive Board Member, therefore, he would be exempted from his responsivities as of January 31^st, 2023.