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Financial Institutions
Takaful Life Insurance Awaits CBE’s Approval for Protocols with 3 Banks
Egyptian Life Takaful Insurance Company awaits the approval of the Central Bank of Egypt (CBE) in order to start…
Royal Insurance Egypt’s Assembly Approves Launching EGP50m Mutual Fund
Royal Insurance Egypt's shareholders approved during general assembly meeting to found mutual fund, with an initial…
Six Local Insurers Compete for Cairo Airport’s $600mn Insurance Policy
Six Egyptian insurance companies are competing to win the tender announced by Cairo International Airport about…
CBE Requests EGP35 bln from Banks at 45th Deposit Operation Bid
Egypt’s Central Bank (CBE) requested today 35 billion Egyptian pounds of domestic surplus liquidity from local…
Wethaq Takaful Eyes Capital Increase to Launch a Mutual Fund
Egypt's Wethaq Takaful Insurance will pump EGP 40 million to increase its capital to EGP 100 million within the few…
A.M. Best Affirms Ratings of Arab Misr Insurance Group at ‘BBB’
A.M. Best has affirmed the financial strength rating of B++ (Good) and issuer credit rating of "bbb" of Egypt's…
Egyptian Takaful Insurance’s Investments May up EGP280mn by June-End
The total expected investments of Egyptian Takaful Insurance Company (Property) will reach up EGP280 million by the…
Hannover Re Reinsurance: €3.6bln Underwrite Premiums in Q1
Hannover Re Reinsurance Company attained €3.6 billion underwriting premiums within the first quarter of the current…
Libano Suisse Insurance seeks EFSA’s Approval of 2 New Products
Libano - Suisse Takaful Insurance Company is intending to hold talks with Egyptian Financial Supervisory Authority…
Africa Re Says EGP400mn Paid up Compensations to Egypt’s Market
Africa Reinsurance Corporation (Africa Re) paid up EGP400million compensations to the Egyptian market in the last…