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Financial Institutions
Misr Insurance renews Sawiris-run Orascom Hotels’ $754mn policy
The leading insurer in MENA region, Misr Insurance Company has renewed an insurance policy for Orascom Hotels and…
Sisi endorses French Development Agency’s €15mn grant for Egypt slum project
Egyptian President Abdel Fattah al-Sisi has endorsed Thursday a €15 million grant from French Development Agency…
IMF: Egypt’s economic growth likely to decrease to 3.3% in 2016
The International Monetary Fund (IMF) issued its World Economic Outlook (WEO) reports Tuesday forecasting Egypt’s…
Fitch downgrades Saudi Arabia ratings to AA- from AA
Fitch Ratings downgraded Tuesday Saudi Arabia’s long-term issuer default rating to AA-from AA, and said its oil…
Brexit could cause severe damage; says IMF
The UK's exit from the European Union could cause "severe regional and global damage", the International Monetary…
Egypt’s SFD in talks over Saudi Fund’s $100mn finance
Egypt’s Social Fund for Development (SFD) is currently negotiating over Saudi Fund for Development’s $100 million…
Misr Insurance pays $1 million compensation for Egyptian Navigation Company
The leading insurer in MENA region, Misr Insurance Company has paid the state-run Egyptian Navigation Company (ENC)…
Misr Insurance renews Etisalat Egypt’s $901mn policy
The leading insurer in MENA region, Misr Insurance Company has renewed an insurance policy for the Egyptian arm of…
King Salman launches Egyptian-Saudi fund with capital of $16bn
Saudi Arabian King Salman bin Abdulaziz Al-Saud launched an Egyptian-Saudi investment fund with a capital of SAR…
Egypt’s SFD to finance 3 youth-run projects in New Valley
Egypt’s Social Fund for Development (SFD) has signed Monday three memoranda of understanding to finance projects in…