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Financial Institutions
French AXA Insurance gets regulatory approval to buy Egypt’s CIL
French insurance group AXA received approval from the Egyptian Financial Supervisory Authority (EFSA) to acquire…
Egypt’s T-bill yields almost unchanged at Sunday’s auction
Yields on Egypt's three- and nine-month treasury bills are almost unchanged during Sunday's auction, data from…
Market regulator approves Suez Canal Insurance’s $6.4mn fund
Egypt's leading composite insurer, Suez Canal Insurance has obtained a regulatory approval to establish its cash…
Egypt Cabinet endorses French Development Agency’s €15mn grant for slums
Egyptian Cabinet has endorsed a presidential decree to approve the French Development Agency (AFD)’s €15 million to…
Saudi Fund allocates US$100 million to upgrade Egyptian power plant
The Saudi Fund for Development (SFD) has approved to allocate US$100 million to finance a project to upgrade the…
Egyptian Takaful Property commits 2% to Misr Reinsurance’s capital
Egyptian Takaful Property Insurance is to commit a maximum of 35 million Egyptian pounds (US$4.5 million) to Misr…
IFC invests $1.2 bn in 18 projects in Egypt from 2011-15
The International Finance Corporation (IFC), a member of the World Bank Group, has invested US$1.2 billion in 18…
Private insurance funds assets hit $6bn in FY2014-15: Egypt regulator
The total assets of private insurance funds rose by 10 percent to hit 48.2 billion Egyptian pounds (US$6.1 billion)…
Misr Life Insurance premiums grow 3% in four months
The volume Egypt's Misr Life Insurance Company direct premiums has increased by 3 percent during the first quarter…
Egypt to re-loan $1.7bn to MSMEs and young entrepreneurs
Egyptian government is to provide more than US$1.7 billion for micro, small, and medium-sized enterprises (MSMEs)…