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Financial Institutions
EU to increase Egypt aid to €2.3 billion
The European Union is ready to increase its financial aid to Egypt to €2.3 billion (US$2.5 billion) from €1.1…
CIB Egypt launches $511 million insurance policy tender
Commercial International Bank (CIB), Egypt's largest private sector bank, has launched a call for tenders on a…
Egypt expects $1.5bn in aid by year-end, eyeing IMF
Egypt expects to receive $1.5 billion from the World Bank and African Development Bank by the end of this to…
Insurance firms invest $2.3 billion in t-bills: Egypt c.bank
Insurance companies have invested 18.014 billion Egyptian pounds (US$2.3 billion) in treasury bills during…
Egypt signs €22mn EU grant agreement for agricultural SMEs
Egypt signed Sunday a grant agreement worth €22 million to carry out the European Union-funded project to…
Africa Re records premium income of $38.3 million in Egypt
African reinsurer Africa Re says its premium income in Egypt recorded 300 million Egyptian pounds (US$38.3…
SFD finances for Egypt’s micro enterprises exceed target for 2015
The finances of Egypt's Social Development Fund (SFD) for micro enterprises recorded 1.2 billion Egyptian pounds…
Cabinet forms NI Capital Egypt for asset management
The Egyptian Cabinet has completed establishing NI Capital Company, part of the National Investment Bank (NIB),…
Misr Life wins insurance coverage for Maritime and Land Transport’s employees
Misr Life Insurance, largest life insurance company in Egypt, Africa and MENA, has won a group insurance policy bid…
Lead Foundation loans $29 million to micro enterprises in Egypt
Egyptian NGO, Lead Foundation's current portfolio for micro enterprises reached 225 million Egyptian pounds…