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Financial Institutions
ACE buys upmarket Chubb in biggest ever Insurance Takeover
Swiss insurance giant ACE Ltd (ACE.N) is to buy upmarket property insurer Chubb Corp (CB.N) for $28.3 billion to…
Egyptian Takaful Non-life eyes opening New Branch in Eastern Cairo
Egyptian Takaful Insurance Company (Non-life) studies the launch of a new branch in eastern Cairo this fiscal year…
Egyptian Takaful Non-life eyes $1.3mln-Premiums in FY2015-16
Egyptian Takaful Insurance Company (Non-life) aims to achieve premiums worth EGP 10 million (US$ 1.3million) in FY…
Moody’s: Egypt Tax Revenues possibly below Draft Budget Estimate
Moody’s Investors Service said in a report Thursday it expects Egypt’s tax revenues to be lower than 612 billion…
Lagarde: IMF Still open for Discussions with Greece
International Monetary Fund Managing Director Christine Lagarde said Sunday the IMF is still open for talks with…
Egypt’s First Microfinance Union names Mona Zulficar as Chairman
The first Egyptian Union of Microfinance has elected Mona Zulficar- Chairman of Al Tadamun Microfinance Foundation-…
IMF approves €280m Cyprus Bailout Payment, praises Reforms
At least one Greek-speaking country is in the International Monetary Fund’s good books, as the fund Friday approved…
Fitch affirms Egypt at ‘B’; Outlook ‘Stable’
Fitch Ratings has affirmed Friday Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B'…
Alexandria Container launches $39 million Insurance Policy Tender
Egypt-based Alexandria Container & Cargo Handling Company is launching a call for tenders on health insurance…
HC Securities launches $100mln-Direct Investment Fund end 2015
Egypt-based HC Securities & Investment targets launching direct investment fund with capital worth US$ 100…