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Orient Takaful renews insurance cover deal for Hilton Hurghada, Alex hotels
Egypt’s Orient Takaful Insurance Company has renewed an insurance coverage agreement with Hilton Hotels Group for…
IFC approves $100 million loan for Egypt’s AAIB bank
The International Finance Corporation (IFC), a member of the World Bank Group, approves to provide Egypt’s Arab…
Banque Misr net profit hits new record in FY2015-16: sources
Egypt’s second biggest bank, state-owned Banque Misr has reported record net profits during the financial year…
AfDB to approve third $500 mln loan tranche to Egypt this year – official
The African Development Bank will disburse the third tranche, worth $500 million, of a $1.5 billion loan package to…
IMF ‘mindful’ of Trump’s attempt to repeal Dodd-Frank banking law:…
International Monetary Fund managing director Christine Lagarde urged Sunday financial regulators not to undo the…
Fed’s Fischer cites ‘significant uncertainty’ about fiscal policy under Trump
U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy…
IMF chief ‘worried’ about elections across Europe amid populist support rise
International Monetary Fund (IMF) chief Christine Lagarde has expressed concern over the flurry of upcoming…
JP Morgan says these sectors will make 2017 a busy year for global M&A
A busy year from merger and acquisition (M&A) plays is expected even with China clamping down on capital…
SFD Egypt hopes to activate $40 mln finance deal with OFID soon
Egypt’s Social Fund for Development (SFD) says it seeks to activate a $40 million financing agreement with the OPEC…
Egypt’s Misr Insurance net profit climbs 21.91% in Q1-FY2016/17
Egypt's state-owned Misr Insurance Company announced Saturday that net profit rose 21.91 percent to 302.3 million…