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Financial Institutions
Tokio Marine’s non-life Egypt arm launches three insurance products
Tokio Marine Egypt General Takaful is launching three news products in the Egyptian market, managing director…
EXCLUSIVE: Arab funds’ shares for Sinai development projects
Arab funds have determined the size of their contributions, totalling US$1.5 billion, to development projects in…
India’s GIC Re renews reinsurance deals with Egypt’s Wethaq Takaful
Egypt’s Wethaq Takaful Insurance has renewed its reinsurance treaties for 2016 with India-based the General…
GIG Insurance named best non-life insurance company in Egypt
Arab Misr Insurance Group (GIG) has been awarded as the best non-life insurance company in Egypt for 2015 by Global…
SFD Egypt targets 30% rise in 2016 micro-finances
Egypt’s Social Development Fund (SFD) is planning to raise its micro-finance activities by 30 percent in 2016, an…
Egypt’s Beltone Capital targets share sale in 2016
Egypt's Beltone Capital, which aims to raise 1 billion Egyptian pounds ($128 million) in an initial public…
SFD-Egypt eyes boosting funds by 35% by 2016
Egyptian Social Fund for Development (SFD) targets boosting the volume of finances for Micro, Small and Medium…
A.M. Best assigns ‘BBB’ rating to Egypt’s state insurance firms
A.M. Best has assigned Monday evening a financial strength rating of B++ (Good) and an issuer credit rating of…
Arab funds pledge $1.5 billion finances for Sinai development scheme
Arab financial institutions are pledging to provide Egypt with $ 1.5 million annually in favour of Sinai…
Egypt inks €10 EU grant for Pollution Abatement Programme
Egypt signed Friday a €10 million grant from the European Union in favour of the third part of the Egyptian…