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Financial Institutions
Moody’s: Egypt insurance market displays ‘untapped potential’ despite challenges
The future prospects for Egypt's insurance market are encouraging, as a result of the improving economic backdrop…
Egypt to delay second international bond issuance – minister
Egypt will delay its second international bond issuance, which was initially scheduled for November, the finance…
Egyptian Railway Authority launches €200mn marine insurance policy tender
The Egyptian Railway Authority has launched a call for tenders on a marine insurance policy tailored for the…
Misr Insurance: Q1 premiums 8% higher
The leading insurer in MENA region, Misr Insurance Company has recorded first quarter premiums totalling 1.034…
China Re poised to raise $2 billion from Hong Kong IPO
China Reinsurance Group Corp., the country’s biggest reinsurer, is set to raise $2 billion from an initial public…
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…