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Financial Institutions
JICA to fund Cairo Metro Line 4’s Phase I with US$340 million
Japan International Cooperation Agency (JICA) will meet in two weeks with Egyptian authorities to discuss funding…
GIG Insurance: Total Investments hit EGP475 million at December-end
Egypt’s Arab Misr Insurance Group (GIG) has registered total investments of EGP 475.4 million (US$62.6 million) by…
Canada plans $50 million Development Assistance for Egypt This year
Canada intends to provide Egypt with US$50 million in development assistance within this year, the Canadian…
Alpha Capital to run Delta Life Insurance’s EGP50 million Fund
Egypt’s Delta Life Insurance has chosen Alpha Capital to manage its newest mutual fund. The fund will be with an…
Egypt’s SFD to sign Financing Deal with UN’s IFAD next February
Egypt’s Social Fund for Development (SFD) will reach next month an agreement with UN’s International Fund for…
Russia’s Credit Rating is cut to Junk by S&P
Russia’s credit rating has been cut to junk – or below investment grade – by US ratings agency Standard and Poor’s…
Egypt’s Insurance Federation hosts First Forum on Risk Management next Feb
Egypt hosts next February the first forum on risk management, under the theme of “The Role of Insurance Experts in…
Egyptian Takaful wins Tender to insure Egypt Bourse’s HQ
The Egyptian Takaful Insurance – Properties has won a tender to insure the two headquarters of the country’s stock…
Richest 1% to own more than rest of world, Oxfam says
The wealthiest 1% will soon own more than the rest of the world's population, according to a study by charity group…
Cairo Festival City’s Phase II to cost EGP3bn, Licences after Two Weeks
UAE leading developer Al-Futtaim Group will receive a government licence to start the second phase of Cairo…