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Financial Institutions
Russian plane crash ‘credit negative’ for Egypt: Moody’s
The recent Russian plane crash in Sinai Peninsula is “credit negative” for Egypt, and will weigh on its tourism…
Misr Insurance expects A.M. Best’s credit rating in mid-December
Egypt-based leading insurer Misr Insurance Company – Non-life is expecting to receive its credit rating from A.M.…
Misr Insurance starts talks for 2016 reinsurance agreements
Egypt-based Misr Insurance Company has started negotiations to renew its reinsurance agreements for the year 2016…
Egypt starts 3rd Partnership for Development Initiative to support leasing sector
One of Egypt’s biggest institutional initiatives, Partnership for Development is launching Tuesday its third…
Egypt has no plans for IMF loan – official
Cairo asserts once again its plans not to seek a loan from the International Monetary Fund following some reports…
Egyptian pilgrim fatalities’ compensations to reach $622.5k – Insurer
Families of pilgrims killed in the recent Mecca stampede are to receive compensations ranging between 5-7 million…
Egyptian insurance companies’ premiums rose 17.7% in 8 months
Insurance companies in Egypt have registered a growth rate of 17.7 percent in premiums to record 11.42 billion…
S&P downgrades Saudi Arabia’s credit ratings on weak oil
Standard & Poor's Ratings Services lowered Friday Saudi Arabia's long-term foreign currency sovereign credit…
SFD Egypt to hold funding conference in January
Egypt’s Social Fund for Development (SFD) is to hold a high-profile conference inviting more than 29 global…
Moody’s: Egypt is second biggest insurance market in North Africa
Global rating agency Moody’s said Egypt comes second place after Morocco, the biggest insurance market in North…