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Financial Institutions
Delta Life names Mostafa Salah as operations and technical affairs chief
Egypt’s Delta Life Assurance has named Mostafa Salah as the new Manager of Operations and Technical Affairs,…
Egypt sees eurobond yield at 5.5-6% for Sept/Oct issuance: official
Egypt expects its eurobond issuance at the end of September or early October to have a yield between 5.5 percent…
Mohandes Life Insurance board approves $6.7 mln capital increase
Egypt-based Mohandes Life Insurance Company’s board of directors has approved proposed increase in paid-up capital…
Ministry of Finance to issue t-bills of 10.2 bln Egyptian pounds Sunday
Egypt’s Ministry of Finance is set to issue on Sunday treasury bills worth 10.2 billion Egyptian pounds ($1.15…
IFC current portfolio with Egypt nears $1.5 bln, in talks for more
The International Finance Corporation (IFC)’s, the investment arm of the World Bank, current portfolio for Egypt is…
Fitch cuts Turkey’s rating outlook to negative in wake of failed coup attempt
Global ratings agency Fitch affirmed on Friday its sovereign rating on Turkey at 'BBB-', the lowest investment…
Cairo names Matouk Bassiouny as local legal advisor for dollar bond issue
The Egyptian Ministry of Finance announced Thursday it selected Matouk Bassiouny Law Firm to act as a local legal…
Moody’s affirms Egypt B3 rating, outlook remains stable
Moody's Investors Service has affirmed on Friday Egypt's long-term issuer and senior unsecured bond ratings at B3…
Egypt to receive $2 bln deposit from Saudi Arabia: minister
Egypt signed a deal earlier this year for a $2 billion central bank deposit from Saudi Arabia, International…
Egypt receives MENA Transition Fund’s $2.4 mln PPP support grant
Egyptian Ministry of Finance and of International Cooperation signed Wednesday a cooperation protocol to support a…