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Financial Institutions
Christine Lagarde wins second term as IMF chief
The Executive Board of the International Monetary Fund (IMF) approved Friday to appoint Christine Lagarde for a…
S&P settles Australian lawsuit over Lehman Bros collapse
A substantial settlement has been reached in a landmark A$200 million ($143 million) class action brought against…
Saudi Arabia allocates $31 million to activate Sisi’s initiative for youth
The Saudi Fund for Development grants 250 million Egyptian pounds ($31 million) to Egypt’s Social Development Fund…
Jordan’s APEX looks to expand in Egypt reinsurance brokerage market
Jordan-based APEX Insurance is seeking to obtain regulatory approval to practice reinsurance brokerage activities…
Wethaq Takaful Insurance-Egypt investment portfolio hit $35mn last December
The investment portfolio of Wethaq Takaful Insurance -Egypt has increased to 273.55 million Egyptian pounds…
Beltone Financial prepares IPOs in EGX for more than $1.8bn
Beltone Financial is preparing the initial public offerings (IPO) of several companies in the retail and food…
Sisi’s fund to establish $13 million leasing firm
Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national…
Suez Canal Insurance launches representative office in Fayoum
Egypt's leading composite insurer, Suez Canal Insurance has inaugurated a new branch and representative office in…
IFC pledges $144 million for Egypt’s energy infrastructure, ports
The International Finance Corporation (IFC), a member of the World Bank Group, announced Thursday it is providing a…
Islamic banking is dominant in Saudi Arabia; says Fitch
Fitch Ratings said Tuesday the Islamic finance is a mature and developed industry in Saudi Arabia, representing…