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Financial Institutions
Egypt’s Metropolitan Secures EGP260mn Finance with 2 Banks for Real Estate Firm
Metropolitan Consulting (S.A.E) obtained an initial approval from the Commercial International Bank (CIB) and the…
CIS-Egypt Attains EGP53 Million Premiums in FY13/14
Managing Director of Cooperative Insurance Society (CIS) Refky Lotfy Rashed revealed that CIS's initial…
Op-Ed: Egypt’s al-Sisi Carries out Demands of IMF on Subsidies
More than a week after President Abdel Fattah al-Sisi slashed fuel subsidies by up to 80 per cent there have been…
Arab Orient Takaful Pumps EGP22mn to Increase Capital to EGP100mn
Managing Director of Arab Orient Takaful Insurance Mr. Mohamed Abdel Gawad said his company has pumped EGP22…
SFD Egypt Pumps EGP850 million in Small Projects in 6 Months
The Egyptian Social Fund for Development (SFD) has spent about EGP 850 million supporting small enterprises in the…
AAA Assigns Foodstuff Plant’s Policy to AIG Insurance with EGP220mn
CEO of Allied Arab Assurance Company (AAA) Hazem Dawood revealed that his firm succeeded in assigning the…
6 Insurance Firms Eye Capturing Egypt’s Al-Nouran Sugar Policy with EGP2bn
Senior sources revealed that 6 insurance companies are competing to provide offers for Al-Nouran Sugar firm…
Egypt: Reform Decisions issued without IMF Pressure
Egyptian Cabinet Spokesman Ambassador Hossam Al-Qaweesh underlined that the recent economic reform decisions, in…
Misr Insurance Renews EGP10bn Insurance Policy for Etisalat Misr
Misr Insurance Company has renewed an insurance policy for UAE Etisalat's Egyptian arm, at a total value of EGP 10…
Sisi’s Government to Borrow EGP5.5 billion Tomorrow
Egyptian Ministry of Finance will launch new short term Treasury bills (T-bills) worth 5.5 billion Egyptian pounds…