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Financial Institutions
Egyptian Takaful non-life wins South Cairo and Giza Flour Mills’ policy bid
Egyptian Takaful Property and Liability Insurance (EGTAK) has won a policy bid for South Cairo and Giza Mills and…
Takaful captures 7.6% of total insurance compensations in Egypt
The Egyptian takaful insurance companies have managed to capture 7.6 percent of the total insurance compensations…
S&P affirms South Africa’s investment grade credit rating, negative outlook
S&P Global Ratings affirmed on Friday South Africa's investment-grade credit rating and kept its negative…
Moody’s slashes Finland’s last triple-A rating
Finland lost its last top-grade credit rating as Moody's downgraded it on Friday to Aa1 with a stable outlook,…
SFD signs cooperation protocol with Egypt’s construction federation
Egypt’s Social Fund for Development (SFD) has signed on Thursday a cooperation protocol with the Egyptian…
Egyptian asset manager Beltone Financial to buy NYC brokerage firm
Beltone Financial, Egypt's largest asset manager, signed an agreement to acquire 51 percent of New York-based…
GIG-Egypt wins Petrojet’s insurance policy bid worth multi-billion pounds
Egypt’s Arab Misr Insurance Group – GIG-Egypt has won a policy bid for the country’s state-owned Petroleum Projects…
Kuwaiti Fund signs Egypt $100 mln water desalination loan
Egypt has signed Tuesday a Kuwait Fund for Arab Economic Development (KFAED)’s KD 29 million (around $100 million)…
S&P says Japan sales tax hike delay makes ‘some sense’
Delaying a sales tax increase in Japan scheduled for April next year makes "some sense" because the weak economy…
A.M. Best affirms GIG-Egypt’s ratings at ‘BBB’
A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “BBB” of Egypt’s…