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Financial Institutions
Delta Life Assurance wins Egypt regulator final approval for new products
Egypt’s Delta Life Insurance has received final approval from the market regulator Egyptian Financial Supervisory…
Misr Insurance compensates EgyptAir $18 mln for MS804 plane crash
Egypt’s Misr Insurance Company has paid EgyptAir $18 million for the loss of the Airbus A320-232 which crashed the…
South Africa jumps Egypt to become, once again, 2nd biggest economy in Africa
South Africa is once again the second-biggest economy on Africa as it reclaims the position from Egypt – and…
UAE Khalifa Fund to pump $200 mln in Egypt in 5 years
Abu Dhabi’s Khalifa Fund for Enterprise Development plans to pump $200 million into Egyptian market in the coming…
UAE’s Khalifa Fund directs 60% of Egypt investments to rural areas
Abu Dhabi’s Khalifa Fund for Enterprise Development says 60 percent of its investments in Egypt are dedicated for…
Egyptian Takaful Property commits $200k to Egypt nuclear insurance pool
Egyptian Takaful Property and Liability Insurance (EGTAK) will commit around $200,000 to the capacity subscription…
Misr Insurance pays $1.35 mln compensations for drugmaker Pharco
The leading insurer in MENA region, Misr Insurance Company, has paid the Egyptian drugmaker Pharco Pharmaceuticals…
Moody’s: Egypt tourism revenues in Q1 2016 lowest in 18 years
Egypt's tourism revenues dropped in the first quarter of the current year to record its lowest level since 1998…
Iskan Insurance targets $500,000 contribution to Egypt nuclear insurance pool
Cairo-based Iskan Insurance Company seeks to contribute around $500,000 to the capacity subscription of a planned…
Egypt’s SFD says financed 11,000 small projects in New Valley since 1992
Egypt’s Social Fund for Development (SFD) has financed around 11,000 small and micro-sized projects in New Valley…