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Financial Institutions
Egypt to finalise drafting new leasing, factoring bill in Sept: watchdog
The Egyptian Financial Supervisory Authority (EFSA) says it intends to finalise drafting a new bill on leasing and…
IMF reviews Egypt budget 2016/17 terms: FinMin
The International Monetary Fund team mission is currently reviewing with the Egyptian government the terms of the…
Tokio Marine General Takaful mulls expansion into 3 new areas in Egypt
Insurer Tokio Marine Egypt General Takaful is studying new expansions to cover three new areas in the country;…
Saudi Monetary Agency loans may ease banks liquidity squeeze:Fitch
The Saudi Arabia Monetary Agency's decision on 31 July to extend SAR15bn (USD4bn) of one-year loans to Saudi…
Fire, earthquake claims hit hard Hannover Re Q2 profit
Big damage claims for wildfires, earthquakes and storms hit German reinsurer Hannover Re hard during the second…
Misr Insurance pays $741.7k compensation for Target Group
Egypt’s Misr Insurance Company says it had paid compensation worth 6.587 million Egyptian pounds ($741,779) in…
Goldman Sachs says UK midcaps vulnerable after rebound
Goldman Sachs strategists said domestic-facing UK midcap .FTMC stocks are not fully reflecting the worsening in the…
GIG earmarks $250,000 for Egypt nuclear insurance pool
Egypt’s Arab Misr Insurance Group – GIG is set to commit around $250,000 to the capacity subscription of an…
French Development Agency signs Egypt €69 million grants
Egypt signed Tuesday two grants totalling €69 million ($77.2 million) with the French Development Agency (AFD). The…
Second annual leasing conference to kick off in Cairo next Oct. 11
The second annual leasing conference will kick off next October 11th in Cairo in a bid to stimulate unconventional…