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Financial Institutions
S&P 500 brushes record high after blowout jobs report
The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied…
IMF cuts euro zone growth outlook on ‘Brexit,’ warns it may get worse
The International Monetary Fund on Friday cut its euro zone growth outlook for the next two years over…
Fitch: Brexit may impact Mideast, Africa Sovereigns via markets, trade, aid
Brexit will have limited effect on the sovereign credit ratings of SA and other countries in the Middle East and…
Australia’s triple-A rating safe for now; Moody’s says
Moody's Investors Service on Monday said short-lived political uncertainty in Australia would have limited…
Misr Insurance renews IFFCO Egypt’s $405.4 mln insurance policy
The leading insurer in MENA region, Misr Insurance Company has renewed an insurance policy for the assets of IFFCO…
Egypt to issue treasury bills, bonds worth $11 bln this July
Egypt’s Ministry of Finance is planning to issue this July treasury bonds and treasury bills totalling 97.750…
Suez Canal Insurance wins policy for East Port Said tunnel drilling equipment
Egypt’s leading composite insurer, Suez Canal Insurance Company has won a policy bid to insure one of the drilling…
S&P cuts European Union credit rating amid Brexit vote
Ratings agency Standard and Poor's has cut its credit grade on Thursday for the European Union after the UK's vote…
Abu Dhabi eyes merger of sovereign funds Mubadala and IPIC
Abu Dhabi plans to merge two of its largest sovereign investments funds as the sheikhdom pursues consolidation in…
Misr Insurance renews Nasr Petroleum’s $394 mln insurance policy
The leading insurer in MENA region, Misr Insurance Company has renewed a medical insurance policy bid for Nasr…