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Financial Institutions
IIFM launches Standard Template for Islamic Profit Rate Swap
Global standard-setting bodies have launched a standard contract template for Islamic profit rate swaps (PRS), in a…
Lloyd’s of London Loses On 2011 Natural Catastrophes
The insurance market Lloyd's of London has announced a loss for 2011, saying it was its worst year for catastrophe…
Kuwait’s FH To Sell Unprofitable Assets
Chief Executive Officer of Kuwait Finance House (KFH) Mohammad Al-Omar has unveiled plans to restructure, merge or…
AMIG Launches First Micro Insurance Policy
Arab Misr Insurance Group (AMIG) is about to launch the first micro insurance policy for individuals and families…
“Egyptian Company for Insurance Brokerage” exits the Market
An insurance source in a major insurance brokerage company, expected the sector to witness bankruptcy of 20…
CIS Chairman: Elections Are Not Forged
Abdel Monem Bakheet, chairman of Cooperative Insurance Society-Egypt, criticized some employees at CIS who claimed…
EFSA Initially Approves New Company By “Gras Savoye”
Gras Savoye Company, insurance broker, got an initial approval from Egyptian Financial Supervisory Authority, as…
Employees Says CIS Elections Are Forged
Some employees at Cooperative Insurance Society-Egypt submitted a complaint to Ghada Wali, general secretary of…
Shaker: Brokers Union Is Essential
Founding a union or a syndicate for brokers necessitates legislative amendments, said Adel Shaker, chairman of…
Obama Nominates Public Health Expert for World Bank
US President Barack Obama on Friday nominated Jim Yong Kim, a Korean-American known for his work in fighting…
