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Financial Institutions
Citigroup ups Centamin to ‘buy’, points to stabilisation in Egypt
Citigroup upgraded Centamin to 'buy' from 'neutral' and set a new price target of 76p, pointing to a stabilisation…
Kuwait’s Wethaq Takaful divests Egyptian unit for $4.3mn
Kuwait-based Wethaq Takaful Insurance Company announced Thursday it intends to sell its stake in the Egyptian unit,…
Moody’s: New Suez Canal’s credit-positive effects on Egypt to take time to materlise
Credit ratings provider Moody's expects "only limited credit-positive effects" for Egypt in the current fiscal…
Suez Canal Axis Development to spur Leasing Sector’s Growth
The Suez Canal Axis Development Project will enormously contribute in leasing sector's growth as well as Small and…
IMF says China’s New Yuan midpoint Mechanism a ‘Welcome Step’
The move by China's central bank on Tuesday to change the mechanism for setting the daily reference rate for the…
Egypt’s Islamic Finance Association obtains Bahraini AAOIFI’s Licence
The Egyptian Islamic Finance Association (EIFA) obtained the licence from Bahrain-based Accounting and Auditing…
Egypt-born Shafik leads race to run Britain’s Financial Regulator
The Bank of England’s Egyptian-born most senior female official has been tipped to take charge of Britain’s…
Iskan Insurance eyes regulatory approval over new mutual fund
Cairo-based Iskan Insurance Company is considering starting talks with the country's market regulator so as to…
Around 2368 Sudanese receive $3,5mn pensions from Egypt annually
Some 2615 Sudanese are taking pensions from Egypt in accordance with a mutual pension agreement that was enacted in…
No IMF decision on Greek bailout until autumn
There is strong support at the IMF for joining a new bailout package for Greece but the fund will not decide…