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Financial Institutions
Lagarde: Brexit risk ‘concerns the whole world’
The potential risk of a Brexit after the June 23 referendum on European Union (EU) membership is "a concern for the…
‘Negative and substantial’ impact on UK if it leaves EU; says IMF
Should U.K. voters choose to leave the European Union (EU) in a referendum this week, the net economic effects…
Misr Insurance wins Elsewedy Cables’ $38.3 mln medical insurance policy bid
The leading insurer in MENA region, Misr Insurance Company has won a medical insurance policy bid launched by…
A.M. Best upgrades African Reinsurance’s rating to A
A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit…
Egyptian Takaful non-life wins South Cairo and Giza Flour Mills’ policy bid
Egyptian Takaful Property and Liability Insurance (EGTAK) has won a policy bid for South Cairo and Giza Mills and…
Takaful captures 7.6% of total insurance compensations in Egypt
The Egyptian takaful insurance companies have managed to capture 7.6 percent of the total insurance compensations…
S&P affirms South Africa’s investment grade credit rating, negative outlook
S&P Global Ratings affirmed on Friday South Africa's investment-grade credit rating and kept its negative…
Moody’s slashes Finland’s last triple-A rating
Finland lost its last top-grade credit rating as Moody's downgraded it on Friday to Aa1 with a stable outlook,…
SFD signs cooperation protocol with Egypt’s construction federation
Egypt’s Social Fund for Development (SFD) has signed on Thursday a cooperation protocol with the Egyptian…
Egyptian asset manager Beltone Financial to buy NYC brokerage firm
Beltone Financial, Egypt's largest asset manager, signed an agreement to acquire 51 percent of New York-based…