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Money
Misr Insurance: Car Insurance Issuance Drops 20% This Fiscal Year
Car insurance sector at Misr Insurance Company has reported a 20% retreat in the rate of insurance policy issuance…
IFE To Define Rioting, Labor Unrest On Sunday
Insurance Federation of Egypt (IFE) will hold a joint committee encompassing accident, engineering and reinsurance…
Omani Banking Sector Earnings Rose To US$ 412.81 Mln
Oman’s banking sector continues to maintain strong performance aided by higher credit growth, increasing…
Swiss Re: Lebanon Tops MENA In Insurance Penetration
Global reinsurer Swiss Re ranked Lebanon the first in the MENA region and 46th out of 147 countries globally in…
Export Development Bank’s Investments Down To EGP 551.3 Mln
The Export Development Bank of Egypt (EDBE)’s investments in subsidiary and affiliated companies retreated to EGP…
UAE’s Banks Violate Blank Check Rules
Some banks in UAE are flagrantly violating rules that prohibit them from taking blank checks from customers who…
CBE: Money Supply Rose 7.4% Yr/Yr In May
The Central Bank of Egypt (CBE) said on Thursday the M2 money supply rose 7.4% in the year to the end of May. Money…
CBE: Yield On 182-Day T-Bills Rose To A Decade-High Level
The Central Bank of Egypt (CBE) said the average yield on 182-day treasury bills rose to its highest in more than a…
IDBE’s Budget Posts EGP 30 Mln Profit In FY 2011/12
The Industrial Development and Workers Bank of Egypt is finalizing the budget of the current fiscal year to be…
IDBE’s SMEs Portfolio Surged To EGP 280 Mln In June
The Industrial Development and Workers Bank of Egypt’s credit facilities portfolio offered to SMEs posted an…