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Financial Institutions
Egyptian Takaful Property eyes $63mln-investments by end 2016
The Egyptian Takaful Insurance Company (Property) targets achieving investments worth 490 million Egyptian pounds…
SFD funds $85.6mn in Egyptian Microenterprises in 6 Months
Egypt’s Social Fund for Development (SFD) has contributed 670 million Egyptian pounds (US$85,6 million) to finance…
Moody’s changes Egypt Banking System Outlook to ‘Stable’ – Statement
Moody's Investors Service announced Wednesday it has changed the outlook for Egypt's banking system to stable from…
IMF calls for Greece Debt relief ahead of Bailout Vote
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than…
SFD Egypt in talks over US$700mn Foreign Loans
Egypt’s Social Fund for Development (SFD) is in ongoing talks with international financial institutions, including…
SFD, Pirelli Undertake Cooperation Agreement For Technical Support
The Social Fund for Development (SFD), affiliated to Ministry of Industry and Foreign Trade, signed a cooperation…
IMF Projects slower Growth in Emerging Markets
The International Monetary Fund (IMF) has projected that growth in emerging markets and developing countries will…
EFSA ratifies $255mn-investments for Private Insurance Funds
Egyptian Financial Supervisory Authority (EFSA) has endorsed investments worth EGP2 billion (US$ 255.3 million) for…
Arab Misr Insurance eyes $61mln-premiums by end FY 2015-16
Arab Misr Insurance Group (GIG) targets boosting the volume of its total premiums to reach EGP 480 (US$…
Egypt’s Metropolitan to provide Services in Saudi Arabia
Metropolitan Consulting reached strategic partnership with Saudi Abdel Wahab Al-Balawi Organization and National…