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Financial Institutions
Cabinet forms NI Capital Egypt for asset management
The Egyptian Cabinet has completed establishing NI Capital Company, part of the National Investment Bank (NIB),…
Misr Life wins insurance coverage for Maritime and Land Transport’s employees
Misr Life Insurance, largest life insurance company in Egypt, Africa and MENA, has won a group insurance policy bid…
Lead Foundation loans $29 million to micro enterprises in Egypt
Egyptian NGO, Lead Foundation's current portfolio for micro enterprises reached 225 million Egyptian pounds…
Africa Re’s investments in Egypt hit US$25 million
African Reinsurance’s investment portfolio in Egypt currently stands at US$25 million, equivalent to 195.7 million…
Leasing sector in Egypt grows 193% in 10 months – EFSA
The volume of leasing contracts has jumped 193 percent within the first ten months of 2015, Sherif Samy -chairman…
AFD, Egypt to sign €20.35mn agricultural SMEs grant next December 6th
Egypt and the French Development Agency (AFD) are to sign a €20.35 million grant for the Support for Agricultural…
Misr Insurance wins Eni’s supergiant gas find policy bid
The leading insurer in MENA region, Misr Insurance Company has been awarded an insurance policy for the Shorouk…
Misr Insurance awarded $383mn policy for money transfer firm in Alexandria
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets and properties…
Moody’s: Egypt’s ailing economy increases credit risk, 1-year EDF ups
Moody's Investors Service said in its latest report that the recent deterioration in Egypt’s economic outlook has…
IMF’s yuan inclusion signals less risk taking in China
When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest…