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Financial Institutions
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…
GIZ: Egypt nominated to be MENA’s micro financing and insurance hub
Egypt is nominated to become a regional hub for microfinance and insurance activities in the coming period, an…
Fitch affirms Egypt rating at ‘B’ with stable outlook
Fitch Ratings has affirmed on Monday Egypt's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at…
Abu Dhabi Fund to commit $500 mln to Sinai water desalination project
Egypt is to sign a $500 million agreement with Abu Dhabi Fund for Development soon to finance building a water…
EU delegation to discuss 2017-20 financing scheme with Egypt and donors
A total of €1.1 billion in EU grants was allocated to Egypt to be distributed over several areas of development.…