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Financial Institutions
Alexandria Business Association injects $140mn for micro enterprises in 2015
Alexandria Business Association (ABA) has pumped 1.1 billion Egyptian pounds (US$140.4 million) 345,000 loans for…
Egyptian Takaful Property wins Egypt GAFI’s $89mn insurance policy bid
Egyptian Takaful Property and Liability Insurance (EGTAK) has won an insurance policy bid launched by the country’s…
SFD Egypt, IDWBE and PBDAC banks to sign $12.7mn finances in Q1
Egypt’s Social Fund for Development (SFD) plans to sign funding contracts worth 100 million Egyptian pounds…
Sisi’s fund to establish $255mn holding company for SMEs
The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national…
SAIB Bank to ink first Shariah-compliant deal with SFD Egypt early 2016
Societe Arabe Internationale de Banque (SAIB) will be signing its first Shariah-compliant agreement upon the…
Iraq revives $2 billion bond sale scheme
Iraq has revived a plan to sell $2 billion in bonds in 2016 as the government is containing the threat posed by…
Insurance firms premiums reach $2bn in 10 months- Egypt’s regulator
The total value of Egypt's insurance companies premiums hit 14.6 billion Egyptian pounds (US$1.8 billion) at the…
GIG Insurance boosts capital to $22mn, plans more branches
Egypt's Arab Misr Insurance Group (GIG) has injected 15 million Egyptian pounds into its capital to reach 175…
Germany’s Hannover Re renews reinsurance contracts with Egyptian Mohandes Life
Egypt-based Mohandes Life Insurance Company has renewed reinsurance contracts for 2016 Germany’s Hannover Re, an…
Egyptian Misr Insurance Holding investments hit $5bn
The total investments of Egypt's Misr Insurance Holding Company reached around 36 billion Egyptian pounds…