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Financial Institutions
Egypt’s Societe Insurance Brokerage to tap Gulf markets by 2020
Egypt’s Societe Insurance Brokerage Company (SIB) is looking to tap Gulf markets within 2020, its sales and…
CBE to keep interest rate fixed in next meeting: HC securities
The monetary policy committee (MPC) at the Central Bank of Egypt (CBE) is expected to fix the interest rate during…
U.S. insurers finds ways to deny mental health coverage as suicides mount
Insurers in the United States are denying claims, limiting coverage, and finding ways to avoid complying with the…
IMF agrees to release final $2 billion in aid to Egypt
The International Monetary Fund (IMF) on Sunday reached an agreement with Egypt in its final review of the…
Microfinance activity records 6 bln pounds in Q1 2019
Egypt’s microfinance activity balance has increased over the first (Q1) of 2019 to register 6 billion Egyptian…
Egypt’s insurers issue $12 mln micro-insurance policies at March-end: sources
A bunch of Egyptian insurance companies issued micro-insurance policies worth around 205 million Egyptian pounds…
Suez Canal Insurance wins policy bid for Assiut-Sohag road project
Egyptian Suez Canal Insurance (SCI) won an insurance policy bid of 132 million Egyptian pounds ($7.7 million)…
Four insurers biding to cover New Alamein’s El Hamra oil port – sources
Four Egyptian insurance companies are competing for an insurance policy tender to cover the construction works of…
Egypt’s insurance companies pay $239.5 million compensation in Q1
Egypt’s insurance companies paid total compensation of 4.1 billion Egyptian pounds ($239.5 million) during the…
Egypt’s GDP to increase by 6% by 2021: Moody’s
Moody’s investors service said that Egypt’s commitment to economic reforms in cooperation with the World Bank and…