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Financial Institutions
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…
Egypt to re-loan $1.7bn to MSMEs and young entrepreneurs
Egyptian government is to provide more than US$1.7 billion for micro, small, and medium-sized enterprises (MSMEs)…
Tokio Marine Egypt Family to pump $5.8 million in capital
Insurer Tokio Marine Egypt Family Takaful is to pump 46 million Egyptian pounds (US$5.8 million), said its Managing…
Egypt’s Wethaq Takaful, India’s GIC Re seen renewal by mid-December
Egypt’s Wethaq Takaful Insurance starts talks to renew reinsurance treaties for 2016 with a number of global…
Suez Canal Insurance renews reinsurance contracts with Germany’s Hannover Re
Egypt's leading composite insurer, Suez Canal Insurance has recently renewed its reinsurance contracts for 2016…
S.Korea’s EDCF in talks over funding US$247mn Egyptian projects
Egyptian government held talks Tuesday with the South Korean Economic Development Co-operation Fund (EDCF) to…