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Financial Institutions
Moody’s: Egypt’s USD certificates ‘positive’, but ‘insufficient to quell liquidity…
The sale of US certificates for sale to Egyptian expatriates will increase the three government-owned banks’ dollar…
IMF to identify holdings of China’s yuan in reserves surveys
The International Monetary Fund said on Friday it will separately identify China's yuan currency in its official…
Moody’s cuts China outlook on eve of NPC, cites reform, fiscal risks
Moody's downgraded its outlook on Chinese government debt to "negative" from "stable" on Wednesday, citing…
Egypt signs $0.5 billion soft loan deals with Japan’s JICA
Egypt has signed Monday three soft loan agreements totalling $0.5 billion with Japan International Cooperation…
Misr Insurance wins Banque du Caire medical insurance policy bid
The leading insurer in MENA region, Misr Insurance Company has won a medical insurance policy bid launched by…
CI affirms Egypt’s sovereign ratings at ‘B-‘
Capital Intelligence (CI), the international credit rating agency, announced Saturday that it has affirmed Egypt's…
EFG Hermes seizes 76.7% of Tanmeyah for US$44mn
EFG Hermes, the leading investment bank in the Arab world, has entered into a binding agreement to acquire 76.7% of…
Takaful insurance captures 11 % of Egypt’s insurance market
Takaful insurance activity currently seizes 11 percent of the sector’s installment portfolio, Secretary-General of…
Misr Insurance wins Alex-based textile firm’s $127.7mn policy bid
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets, factories,…
Moody’s affirms Spain’s ‘Baa2’ rating, yet cuts outlook to…
Moody's Investors Service affirmed Friday Spain's sovereign rating of "Baa2" but lowered the outlook on the rating…