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Financial Institutions
Three insurers bidding for West Cairo power station insurance policy
Three insurers so far in Egypt are bidding to win a new insurance policy for West Cairo power station, sources with…
Sisi approves AMF $243.7 million loan
Egypt’s President Abdel Fattah al-Sisi approved Thursday an automatic loan agreement signed with the Arab Monetary…
Egypt negotiating Kuwait Fund for three development projects in Sinai
Egypt’s Ministry of International Cooperation is in talks with the Kuwait Fund for Arab Economic Development…
Saudi Arabia to send Egypt additional $97 mln of Sinai loan ‘in days’
Saudi Arabia will send Egypt “within few days” an additional of $97 million to complete the first tranche of its…
IMF’s Lagarde: G20 agree more growth needed
International Monetary Fund (IMF) Managing Director Christine Lagarde said Monday that consensus at the G20 is that…
Misr Emirates Takaful Life targets total 8 branches at FY16/17-end
Newly established Misr Emirates Takaful Life Insurance (METLICO) is seeking to boost its geographical presence in…
Moody’s: Egypt’s long-awaited approval of VAT “credit positive”
Moody's Investor Services has commended Egyptian parliament’s approval for the long-delayed value-added tax (VAT).…
EU discussing updates on Egypt technical, vocational education programme
Officials from the European Union discussed Sunday with Egyptian Minister of International Cooperation Sahar Nasr…
Lagarde to Sisi at G20: IMF supports Egypt’s economic reform programme
The International Monetary Fund supports Egypt’s efforts in achieving economic reform, the IMF’s managing director…
US-Egypt Business Council strongly supports government’s IMF loan request
The US-Egypt Business Council (USEBC) strongly supports the Egyptian government’s request for a $12bn loan over…