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Financial Institutions
Egypt’s insurance sector posts $822 mn in 2015
Egypt’s insurance sector needs bolstering from the Egyptian cabinet, however the life insurance market has…
FAIR heralds its life insurance forum in Cairo today
The Federation of Afro-Asian Insurers and Reinsurers (FAIR)’s Life Insurance Forum has started in Cairo Monday.…
IMF’s Lagarde dismisses claim that Greece is being pushed to default
Christine Lagarde, head of the International Monetary Fund (IMF), has hit back at Greece over claims that the IMF…
Greece demands IMF explanation over leaked debt transcript
Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript…
S&P downgrades China credit outlook to ‘negative’
Standard & Poor's Ratings Services cut Thursday its outlook on China to negative from stable, saying the…
Egypt’s SFD studies $1.1bn commitments to solar sector
Egypt’s Social Fund for Development (SFD) is studying a 10 billion Egyptian pounds ($1.1 billion) commitment to a…
GIG Egypt Insurance to request new credit rating from A.M. Best
Egypt’s Arab Misr Insurance Group – GIG will start next month negotiations with A.M. Best rating agency to receive…
Sawiris’ Beltone Financial acquires Arab Finance for $2.6mn
The board of directors of Beltone Financial Holdings (BFH) approved the 100% acquisition of Arab Finance for 23…
Egypt’s SFD in loan talks with World Bank, AfDB, JICA: official
Egypt’s Social Fund for Development (SFD) is currently in talks with some international institutions, notably the…
IFAD loans Egypt $70mn for agriculture projects
The International Fund for Agricultural Development (IFAD) is financing Egypt’s Sustainable Agriculture Investment…