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Financial Institutions
AXA says CEO De Castries to step down
French insurance giant AXA SA announced Monday that its Chairman and Chief Executive Henri de Castries will step…
Egypt inks deal worth $1.5bn with Saudi fund for Sinai development
Egypt signed Sunday a $1.5 billion agreement with the Saudi Fund for Development (SFD) to finance development in…
Orient Takaful wins Automech Formula 2016 show’s $11.3mn insurance policy
Egypt’s Orient Takaful Insurance Company has won an insurance policy bid for the current edition of the Automech…
Saudi Arabia, Egypt to sign $8bn investment deal Sunday
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) will sign a preliminary agreement Sunday to…
Misr Life wins Egyptian cigarette maker’s medical insurance bid
The leading life insurer in MENA region, Misr Life Insurance has won a medical insurance policy bid launched by…
EFSA to discuss the future of microfinance at 2nd Microfinance Egypt Forum
The issuance of the microfinance law last year was part of President Sisi’s strategic objective to improve economic…
Moody’s describes Pound devaluation as credit positive for Egypt
The recent decision by the Central Bank of Egypt (CBE) to adopt a flexible exchange rate has been remarked as…
Misr Insurance eyes net profit of $112 million in FY2015/16
The Egyptian Misr Insurance Holding Company aims at increasing net profits to 1 billion Egyptian pounds ($112…
Egypt endorses AMF’s $243.8mn loan to support national economy
Egyptian Cabinet has endorsed Wednesday a 59.16 million Kuwaiti dinars ($243.8 million) loan from the Arab Monetary…
Egyptian women entrepreneurs control 44% of SFD’s micro projects
Women entrepreneurs are controlling 44 percent of micro businesses supervised by the Social Fund for Development…