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Financial Institutions
EFG Hermes’ leasing arm targets 25% capital rise
EFG Hermes Leasing, a wholly-owned subsidiary of leading investment bank EFG Hermes Holding, is planning to raise…
Afro-Asian Federation to hold life insurance forum in Egypt next April
The Egyptian Insurance Federation and the Federation of Afro-Asian Insurers and Reinsurers (FAIR) are organising a…
Saudi Aramco to hold talks with banks on sukuks
Saudi Arabian Oil Co has held talks with banks about selling Islamic bonds for the first time, according to three…
Fitch affirms Abu Dhabi at ‘AA’; with ‘stable’ outlook
Fitch Ratings has affirmed Tuesday Abu Dhabi's Long-term foreign and local currency Issuer Default Ratings (IDR) at…
Misr Insurance wins Alex-based fertilisers firm’s $255mn policy bid
The leading insurer in MENA region, Misr Insurance Company wins a policy bid to insure the assets, facilities,…
Moody’s: Saudi Arabia, China financial support is ‘credit positive’ for…
The recent pledges for financial support by Saudi Arabia and China to Egypt are credit positive for the country as…
Iskan Insurance says investments surged to $25.2 million in FY2014-15
The investment portfolio of Cairo-based Iskan Insurance Company reached 197.2 million Egyptian pounds (US$25.2…
Misr Insurance wins Alex-based petrochemical firm’s $383mn policy bid
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets, premises,…
Orient Takaful wins UNB-Egypt’s $63.8 million insurance policy bid
Egypt’s Orient Takaful Insurance Company has renewed an insurance coverage agreement with the Union National…
Misr Insurance wins Ethylene producer Ethydco’s $1.9 billion policy bid
The leading insurer in MENA region, Misr Insurance Company has won a policy bid for Egyptian Ethylene and…