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Financial Institutions
Analysis: Egypt Set to Lure More Investments after Fitch Upgrade
Fitch Ratings upgrade of Egypt's credit rating shows confidence in the country's ongoing economic reforms and will…
Gras Savoye Eyes First Presence in Upper Egypt
The leading insurance broker Gras Savoye intends to start its business in the Upper Egypt region in the coming…
Misr Life Insurance Posts EGP895mn Direct Premiums in 5 Months
Misr Life Insurance announced today a 15.4% y-o-y growth in its direct premiums of EGP 895 million during the first…
Kuwaiti Investors Eye Egypt Insurance Market, US$68mn Investments
A group of Kuwaiti investors has expressed intention to start business in Egypt’s insurance market, deputy head of…
Axa Group Eyes Pushing into Egypt’s Insurance Market
Axa SA (CS), France’s largest insurer, is looking to expand its presence into Egyptian market, deputy head of…
Fitch Upgrades Egypt to ‘B’; on Subsidies, Oil Savings
Fitch Ratings has upgraded Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) to 'B' from…
Cairo University Staff’s Private Insurance Fund Records EGP365mn Investments in 2014
The Private Insurance Fund for the Cairo University staff had achieved investments totalling 365 million Egyptian…
Arope Egypt Eyes EGP45mn in Motor Insurance Premiums This Year
Arope Egypt Insurance is targeting a 28% growth in its motor insurance premiums to reach EGP 45 million for the…
Misr Insurance, GIG vying for Petrotrade’s $57.1mn Insurance Policy
Misr Insurance Company and Arab Misr Insurance Group (GIG) are competing to win an insurance policy contract for…
Arab Contractors: Net Investments in Private Insurance Fund Hit EGP2.2bn
Net investments in the private insurance fund for Egypt-based Arab Contractors’ employees reached EGP 2.2 billion…