Browsing Category
Financial Institutions
Egypt parliament approves Kuwaiti Fund’s $20 mln refugee support grant
Egyptian parliament has approved Monday a $20 million grant deal signed with the Kuwait Fund for Arab Economic…
Egypt to issue multi-billion pounds treasury bonds to finance state budget
Egypt’s Ministry of Finance will issue Sunday two treasury bonds totalling 3 billion Egyptian pounds ($340 million)…
French AXA Insurance pumps $6.8 million into CIL Egypt’s capital
French insurance group AXA has completed pumping 60 million Egyptian pounds ($6.8 million) into its…
Egypt’s SFD negotiating Arab Fund for $50 million finance package
Egypt’s Social Fund for Development (SFD) is negotiating a $50 million financing package from the Arab Fund for…
Egypt’s SFD negotiating $300 million finances from World Bank, Saudi Fund
Egypt’s Social Fund for Development (SFD) is negotiating a $300 million financing package from the World Bank and…
AXA to reduce costs to boost earnings by 3%-7%
French Insurance giant AXA released Tuesday its strategic plan for the next four years, saying it will cut costs,…
Lagarde: Brexit risk ‘concerns the whole world’
The potential risk of a Brexit after the June 23 referendum on European Union (EU) membership is "a concern for the…
‘Negative and substantial’ impact on UK if it leaves EU; says IMF
Should U.K. voters choose to leave the European Union (EU) in a referendum this week, the net economic effects…
Misr Insurance wins Elsewedy Cables’ $38.3 mln medical insurance policy bid
The leading insurer in MENA region, Misr Insurance Company has won a medical insurance policy bid launched by…
A.M. Best upgrades African Reinsurance’s rating to A
A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit…