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Financial Institutions
Misr Insurance Holding: Affiliates’ net profits hit 1.4bn Egyptian pounds in year
Egypt's state-owned Misr Insurance Holding Company (MIHC) announced Tuesday that affiliates have posted a net…
Misr Life Insurance: premiums 9% higher in July
Misr Life Insurance Company has posted a 9 percent y-o-y growth to 203.5 million Egyptian pounds (US$25 million)…
Misr Insurance wins Zewail Science City’s US$64.2mn Policy
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets and properties…
Fitch revises Saudi Arabia’s outlook to ‘negative’
Fitch Ratings revised Friday ts outlook on Saudi Arabia's foreign and local currency issuer default rating (IDR) to…
Orient Takaful Insurance to boost investment portfolio June 2017
Orient Takaful Insurance Company-Egypt targets increasing investment portfolio to 405 million Egyptian pounds…
Egyptian Takaful eyes stake in a new carbon black company
The Egyptian Takaful Insurance Company – Non-life is studying a contribution in the capital of an…
Duet-CI Capital assigns Amr Helal to head Egypt Opportunities Fund
Duet-CI Capital said it had hired Amr Helal to head its $300-million private equity fund for investing in Egyptian…
Allianz Egypt to reveal business results and strategies this August 26
Leading insurer Allianz Egypt is to hold its annual press conference on August 26 this year to discuss its…
IMF calls on Saudi Arabia to depend less on oil
As dropping oil prices and high public spending erode Saudi Arabia's reserves, the International Monetary Fund on…
Moody’s slashes India’s growth forecast to 7%
Moody's Investors Service on Tuesday lowered its forecast for India's economic expansion to 7% this fiscal year due…