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Financial Institutions
Egypt in talks with IMF for $5.5bn loan to support budget: Minister
Egypt is negotiating with the International Monetary Fund (IMF) for a US$5.5 billion loan to support the state…
Market regulator to submit Egyptian new insurance draft soon – chief
The Egyptian Financial Supervisory Authority (EFSA) is to send the new draft law for Insurance Supervision and…
Investments of Egyptian insurance firms rise 14.6 pct- Minister
The total investments of Egyptian insurance firms increased 14.6 percent, recording 48.5 billion Egyptian pounds…
Afro-Asian Insurers and Reinsurance Federation’s 24th conference starts in Cairo
The 24th Conference of the Federation of Afro-Asian Insurers and Reinsurers (FAIR) has kicked off Monday in Cairo.…
Moody’s: Drop in Egypt’s foreign reserves ‘credit negative
The steady drop of Egypt’s international foreign reserves is “credit negative,” according to a report released by…
Misr Insurance Holding affiliates record revenues $11bn at end-June
The total revenues of Misr Insurance Holding Company (MIHC)’s affiliates hit 7 billion Egyptian pounds (US$10.7…
Egypt’s financing gap to reach $20bn in coming two years: IMF official
The gap in Egypt's financing is estimated at $20 billion over the coming two years, Masood Ahmed, International…
IMF: Improvements in Europe’s economy provide tailwinds for growth in Egypt
The Arab Countries in Transition (ACTs) have had diverging trajectories over the past year and face an uncertain…
Egypt’s finance minister off to IMF-World Bank Annual Meetings in Peru
Egyptian Ministry of Finance Hany Qadry is heading a delegation to attend the annual meetings of the International…
Orascom Telecom, Act Financial seek 100 pct of Beltone Financial
Orascom Telecom Media and Technology and Act Financial are seeking to acquire 100 percent of Egypt-based financial…