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Financial Institutions
IMF praises Saudi reform goals, resilient system
Reforms have helped Saudi Arabia strengthen the financial system while the banking sector is well positioned to…
Egypt to repay each tranche of proposed $12 bln IMF loan over five years
Egypt must repay each tranche of any loan it receives from the International Monetary Fund over five years,…
Egypt says expects to get at least $2 bln in 2 months of agreeing IMF loan
Egypt expects to get at least $2 billion within two months of agreeing a three-year $12 billion loan programme with…
IMF mission to start loan talks with Egypt next July 30
An International Monetary Fund (IMF) staff mission will pay an official visit to Cairo starting next July 30 to…
Egypt plans international bond issue next October: PM
Egypt is planning an international bond issuance worth $3 billion next October, Prime Minister Sherif Ismail…
Misr Insurance pays $400,000 compensation for a navigation company
Egypt’s Misr Insurance Company says it has paid one of the navigation companies operating in the country a $400,000…
IMF confirms Egypt loan request, says to send mission to Cairo
The International Monetary Fund (IMF) confirmed on Tuesday that Egypt had asked it for financial support programme…
Egypt close to secure 3-year IMF loan programme
Egypt announced on Tuesday it is close to agreeing a lending programme with the International Monetary Fund (IMF)…
Delta Life eyes doubled Egypt life insurance market share in 3yrs
Delta Life Assurance is planning to double its market share in the Egyptian life insurance industry to become 10…
Egypt signs $18 mln JICA grant for Egypt-Japan Technology University
Egypt has signed Tuesday exchange of letters for a $18 million grant with the Japanese Agency for Development…