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Financial Institutions
Tokio Marine Egypt Family to pump $5.8 million in capital
Insurer Tokio Marine Egypt Family Takaful is to pump 46 million Egyptian pounds (US$5.8 million), said its Managing…
Egypt’s Wethaq Takaful, India’s GIC Re seen renewal by mid-December
Egypt’s Wethaq Takaful Insurance starts talks to renew reinsurance treaties for 2016 with a number of global…
Suez Canal Insurance renews reinsurance contracts with Germany’s Hannover Re
Egypt's leading composite insurer, Suez Canal Insurance has recently renewed its reinsurance contracts for 2016…
S.Korea’s EDCF in talks over funding US$247mn Egyptian projects
Egyptian government held talks Tuesday with the South Korean Economic Development Co-operation Fund (EDCF) to…
S&P cuts its outlook on 3 Egyptian banks from ‘positive’ to ‘stable’
Standard & Poor's (S&P) Ratings Services has revised Tuesday its outlook on the Commercial International…
Misr Insurance eyes watchdog’s approval to launch $6.4mn leasing arm
Egypt’s state-run Misr Insurance Holding Company (MIHC) is in official talks with the market regulator to launch a…
Egyptian Mortgage Refinance eyes $25mn bond issuance
The Egyptian Mortgage Refinance Company (EMRC) intends to enter bonds market for the first time with initial issue…
Egypt’s insurance holding eyes alluring foreign partners to form takaful arm
Misr Insurance Holding Company is in talks with strategic partners from UAE and Southeast Asia to participate in…
S&P cuts Egypt credit outlook to stable on lower Gulf support
The outlook on Egypt’s credit rating was cut Friday to stable from positive by Standard & Poor’s amid…
IMF says Russian plane crash could significantly impact Egypt’s tourism
The crash of the Russian plane over the Sinai Peninsula could have serious repercussions on Egypt’s…