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Financial Institutions
Kuwait Insurance board to discuss setting up new unit in Egypt
The board of Kuwait Insurance Company will meet on Sunday to discuss setting up a new subsidiary in Egypt.
Egypt’s parliament approves sovereign sukuk law
Egypt’s parliament approved on Sunday a draft law to issue sovereign sukuk that aimed at up the state's financial…
Four insurers lining up to cover assets of Egypt’s top cigarette maker
Four Egyptian insurers are vying to win an insurance policy tender to cover the assets and properties of Egypt’s…
Egypt to get final $1.6 billion tranche of IMF standby loan before June-end
Egypt is set to receive the final $1.6 billion tranche of its International Monetary Fund (IMF) standby loan before…
Mastercard, Telda launch the first of its kind money app in Egypt
Mastercard announced on Tuesday a partnership with Telda, Egypt’s first of its kind payment application, aiming to…
Integrated Diagnostics Holdings secures $45 million debt financing package from IFC
Integrated Diagnostics Holdings (IDH), a healthcare diagnostics service provider with operations in Egypt, Jordan,…
Egypt’s GDP seen hitting EGP 6.4 trillion in FY2020/21 – minister
Egypt’s GDP is expected to hit 6.4 trillion Egyptian pounds ($408.1 billion) in the financial year 2020/2021 ending…
IMF seen releasing staff report on Egypt’s economic performance today – official
The International Monetary Fund (IMF) is expected to release on Tuesday a staff report on Egypt’s economic…
Fitch: Egypt’s FY2022 budgetary targets as ‘broadly credible’
Fitch Ratings describe Egypt’s budgetary targets for the the financial year ending June 2022 (FY22) as “broadly…
IMF chief: Egyptian economy picks up speed despites COVID-19
International Monetary Fund’s (IMF) managing director Kristalina Georgieva lauded on Tuesday the Egyptian economy…
