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Financial Institutions
Misr Insurance wins power contracts worth multi-billion Egyptian pounds
The leading insurer in MENA region, Misr Insurance Company has been awarded new contracts to insure two power…
Global Lease in talks over $102m loan with 8 Banks
The newly-launched Global Lease Company is negotiating with eight banks for funds worth 800 million Egyptian pounds…
IMF calls for Greek Debt relief after Bailout approved
The International Monetary Fund has called on eurozone ministers to offer Greece debt relief, following the…
Citigroup ups Centamin to ‘buy’, points to stabilisation in Egypt
Citigroup upgraded Centamin to 'buy' from 'neutral' and set a new price target of 76p, pointing to a stabilisation…
Kuwait’s Wethaq Takaful divests Egyptian unit for $4.3mn
Kuwait-based Wethaq Takaful Insurance Company announced Thursday it intends to sell its stake in the Egyptian unit,…
Moody’s: New Suez Canal’s credit-positive effects on Egypt to take time to materlise
Credit ratings provider Moody's expects "only limited credit-positive effects" for Egypt in the current fiscal…
Suez Canal Axis Development to spur Leasing Sector’s Growth
The Suez Canal Axis Development Project will enormously contribute in leasing sector's growth as well as Small and…
IMF says China’s New Yuan midpoint Mechanism a ‘Welcome Step’
The move by China's central bank on Tuesday to change the mechanism for setting the daily reference rate for the…
Egypt’s Islamic Finance Association obtains Bahraini AAOIFI’s Licence
The Egyptian Islamic Finance Association (EIFA) obtained the licence from Bahrain-based Accounting and Auditing…
Egypt-born Shafik leads race to run Britain’s Financial Regulator
The Bank of England’s Egyptian-born most senior female official has been tipped to take charge of Britain’s…