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Financial Institutions
Misr Insurance wins $255mn policy for steel firm in Alexandria
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets and properties…
French AXA Insurance gets regulatory approval to buy Egypt’s CIL
French insurance group AXA received approval from the Egyptian Financial Supervisory Authority (EFSA) to acquire…
Egypt’s T-bill yields almost unchanged at Sunday’s auction
Yields on Egypt's three- and nine-month treasury bills are almost unchanged during Sunday's auction, data from…
Market regulator approves Suez Canal Insurance’s $6.4mn fund
Egypt's leading composite insurer, Suez Canal Insurance has obtained a regulatory approval to establish its cash…
Egypt Cabinet endorses French Development Agency’s €15mn grant for slums
Egyptian Cabinet has endorsed a presidential decree to approve the French Development Agency (AFD)’s €15 million to…
Saudi Fund allocates US$100 million to upgrade Egyptian power plant
The Saudi Fund for Development (SFD) has approved to allocate US$100 million to finance a project to upgrade the…
Egyptian Takaful Property commits 2% to Misr Reinsurance’s capital
Egyptian Takaful Property Insurance is to commit a maximum of 35 million Egyptian pounds (US$4.5 million) to Misr…
IFC invests $1.2 bn in 18 projects in Egypt from 2011-15
The International Finance Corporation (IFC), a member of the World Bank Group, has invested US$1.2 billion in 18…
Private insurance funds assets hit $6bn in FY2014-15: Egypt regulator
The total assets of private insurance funds rose by 10 percent to hit 48.2 billion Egyptian pounds (US$6.1 billion)…
Misr Life Insurance premiums grow 3% in four months
The volume Egypt's Misr Life Insurance Company direct premiums has increased by 3 percent during the first quarter…