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Financial Institutions
Tokio Marine Egypt eyes $11mn premiums by end-June
Tokio Marine Egypt General Takaful eyes boosting premiums volume by 56.4 percent during the fiscal year 2015-16 to…
Compensations of Egypt’s Takaful insurance firms hit $63mn in 10 months- EFSA
The Takaful insurance companies working in the Egyptian market have paid compensations estimated at 494.8 million…
Alexandria Business Association injects $140mn for micro enterprises in 2015
Alexandria Business Association (ABA) has pumped 1.1 billion Egyptian pounds (US$140.4 million) 345,000 loans for…
Egyptian Takaful Property wins Egypt GAFI’s $89mn insurance policy bid
Egyptian Takaful Property and Liability Insurance (EGTAK) has won an insurance policy bid launched by the country’s…
SFD Egypt, IDWBE and PBDAC banks to sign $12.7mn finances in Q1
Egypt’s Social Fund for Development (SFD) plans to sign funding contracts worth 100 million Egyptian pounds…
Sisi’s fund to establish $255mn holding company for SMEs
The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national…
SAIB Bank to ink first Shariah-compliant deal with SFD Egypt early 2016
Societe Arabe Internationale de Banque (SAIB) will be signing its first Shariah-compliant agreement upon the…
Iraq revives $2 billion bond sale scheme
Iraq has revived a plan to sell $2 billion in bonds in 2016 as the government is containing the threat posed by…
Insurance firms premiums reach $2bn in 10 months- Egypt’s regulator
The total value of Egypt's insurance companies premiums hit 14.6 billion Egyptian pounds (US$1.8 billion) at the…
GIG Insurance boosts capital to $22mn, plans more branches
Egypt's Arab Misr Insurance Group (GIG) has injected 15 million Egyptian pounds into its capital to reach 175…