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Financial Institutions
IMF cuts forecast for Singapore’s economic growth to 2% in 2019
The International Monetary Fund (IMF) has trimmed its 2019 economic growth forecast for Singapore to 2% from 2.3%,…
Sarwa Capital wins Egypt Islamic securitisation licence
Egypt’s financial regulator has given Islamic securitisation licence to newly-established unit of Sarwa Capital,…
Misr Insurance to cover Engineering Automotive Manufacturing’s assets
Egypt’s state-owned Misr Insurance has won an insurance policy tender to cover Egyptian Engineering Automotive…
Egyptian Raya Holding’s unit in talks over $30.1 mln loans
Aman for Microfinance, owned by Egypt's Raya Holding For Financial Investments, seeks to borrow 500 million…
World Bank’s IFC invests $20mn in Egypt’s food provider Edita
The World Bank's International Finance Corporation (IFC) said on Tuesday it has secured a financial package worth…
Egyptian-American economist El-Erian nominated to succeed Lagarde at IMF
Egyptian-American economist Mohamed El-Erian is nominated to succeed Christine Lagarde as the managing director of…
Egyptian Takaful Insurance to cover South Cairo and Giza Mills’ assets – sources
Egyptian Takaful Insurance Co. (Property) has won an insurance policy bid to cover the state-run South Cairo and…
Misr Insurance Holding’s affiliates eye 34.5% surge in FY20 net profits
Egyptian state-owned Misr Insurance Holding said on Sunday affiliates are targeting a 34.5 percent growth in net…
Misr Life Insurance wins Egyptian pilgrims’ insurance policy mandate – sources
Egyptian state-run Misr Life Insurance won a policy bid launched by the Interior Ministry to insure Egyptian…
Misr Insurance wins mandate to cover Egyptian Copper Works’ assets
Egyptian state-owned Misr Insurance won an insurance policy bid of 560 million Egyptian pounds ($33.7 million) to…