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Financial Institutions
Egypt’s MSMEDA negotiating €600 mln loans during 2020
Egypt’s state-run Micro, Small and Medium Enterprises Development Agency (MSMEDA) is negotiating for €600 million…
Egypt’s newest Misr Life Takaful Insurance: who are the shareholders?
Around150 million Egyptian pounds ($9.4 million) have been raised into Egypt’s newest joint venture Misr Life…
Egypt’s Misr Insurance signs JV to run life takaful unit
Egypt’s state-run Misr Insurance Holding (MIHC) signed on Tuesday a joint venture agreement with two of the…
Egypt’s Beltone to launch two subsidiaries to provide leasing, mortgage services
Egyptian investment bank Beltone Financial Holding said on Monday its board approved to launch two 98 percent-owned…
Egypt launches microfinance programme to contain informal economy
The Egyptian government has launched a microfinancing programme called “Nano Finance” to integrate the informal…
Egypt’s annual headline inflation rises to 7.1% in December
Egypt’s annual urban consumer inflation rose to 7.1% in December from 3.6% in November, statistics agency CAPMAS…
Misr Insurance Holding to form JV with Egypt’s two biggest state banks
Egypt’s state-run Misr Insurance Holding Company plans to form a joint venture with the National Bank of Egypt…
Africa Re says 2019 premiums from Egypt worth $41 million
Africa Reinsurance Company’s (Africa Re) premiums portfolio from Egypt reached $41 million or around 657.5 million…
Egypt captures 25% of all startup deals in MENA
Egypt had the highest number of startups deals in MENA capturing 25 percent of all deals, while the UAE saw the…
Suez Canal Insurance, Hannover Re renew reinsurance deal for 2020
Egypt’s Suez Canal Insurance has renewed a reinsurance contract with German reinsurer Hannover Re for another year.