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Financial Institutions
Takaful captures 8.6% of Egypt total insurance compensations in 5 months
Takaful firms have seized around 8.6 percent of the total insurance compensations paid in the Egyptian market…
U.S. Treasury Dept auctions $24B of 3-year notes at a high yield of 0.850%
The U.S. Treasury Department auctioned $24 billion in 3-year notes at a high yield of 0.85 percent. The…
Munich Re profit falls 9% on natural disasters
Munich Re AG (MUV2.XE) announced Tuesday that profit dropped 9% in the second quarter on higher costs related to…
Egypt has proposed 18-month reform programme to IMF: reports
Three Egyptian dailies said on Monday that Cairo was proposing to IMF delegates an 18-month reform programme in…
Delta wins $5.2 mln insurance policy for carbon factory in Egypt – broker
Egypt’s Delta Insurance Company has won a policy bid launched by one of the companies operating in carbon industry,…
Sawiris’ Beltone Financial says Q1 net profit jumps 132%
Egypt's Beltone Financial, a unit of billionaire businessman Naguib Sawiris's OTMT, reported a 132 percent jump in…
INTERVIEW: launch of new microfinance firm in Egypt is underway
One of the private banks in Egypt is conducting feasibility studies to launch a new microfinance company in the…
Gulf investors bidding to launch an insurance firm in Egypt
Market regulator, Egyptian Financial Supervisory Authority (EFSA) is studying a new bid from Gulf investors willing…
India’s implementation of CPI target to aid inflation fight: Moody’s
India's decision to formally implement its central inflation target of 4 percent can help moderate future price…
Egypt to finalise drafting new leasing, factoring bill in Sept: watchdog
The Egyptian Financial Supervisory Authority (EFSA) says it intends to finalise drafting a new bill on leasing and…