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Financial Institutions
IMF opens search for top job; Lagarde has offered to serve again
The International Monetary Fund (IMF) said it plans an open selection process for its top job and will begin…
African Reinsurance successfully places capital increase to $500 million
African Reinsurance Corporation (Africa Re), Africa’s leading reinsurer, has completed a plan to increase its…
IMF slashes global growth forecast as China, falling oil prices weigh
The International Monetary Fund cut its global growth forecasts for the third time in less than a year Tuesday,…
Moody’s: Egypt’s higher SME lending quota supports economy but endangers banks’…
The Central Bank of Egypt (CBE) instructed on January 11th Egyptian banks to raise their lending to small and…
Obama unveils wage insurance scheme to spur job seekers
U.S. President Barack Obama laid out Saturday a plan to help support the income of workers who lose their jobs and…
IMF approves third disbursement of $114.6mn to Ghana
The International Monetary Fund's board approved Wednesday a third disbursement of $114.6 million under Ghana's…
Africa Re to establish HQ in Egypt
African Reinsurance Corporation (Africa Re), Africa’s leading reinsurer, is to inaugurate a new headquarters in…
Egypt’s health insurance premiums hit $119 million in June 2014
Health insurance premiums in Egypt have surged to 934 million Egyptian pounds (US$119 million) by the end of June…
4th Regional Forum for Medical Insurance and Healthcare kicks off in Cairo
The Fourth Regional Forum of Medical Insurance and Healthcare has kicked off in Cairo Sunday, organised by the…
Cabinet endorses Kuwait fund’s loan for Egypt-Saudi power link
Egyptian Cabinet approved Thursday a loan agreement with Kuwait Fund for Arab Economic Development (KFAED) to…