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Financial Institutions
Brazil loses investment-grade rating from S&P
Standard & Poor's on Wednesday stripped Brazil of its investment-grade credit rating in a move that calls into…
Delta Insurance Company assets hit $128mn end June 2015
The total assets of Delta Insurance Company have been increased by 9.6% at the end of fiscal year 2014-15,…
IMF chief urges troubled Tunisia to press on with reforms
IMF chief Christine Lagarde urged Tuesday Tunisia, whose vital tourism sector has been hard hit this year by deadly…
Iraq starts roadshow Thursday for international bond
Iraq's government will start an investor roadshow Thursday for its first international bond issue in nine years,…
Mega projects are one avenue to boost growth in Egypt: Standard and Poor’s
In an interview with Daily New Egypt, Director of Sovereign and International Public Finance Ratings at Standard…
Minister: Egypt to return to international bond market in H1 2016
Egypt is to return to the international bond market in the first half of 2016, the country's finance minister said…
Tokio Marine Egypt opens new branch in Ismailia
Tokio Marine Egypt General Takaful has recently inaugurated a new branch in Ismailia governorate, situated on the…
Fed should not rush its rate rise decision: IMF’s Lagarde
The U.S. Federal Reserve should not rush its decision to raise interest rates and should move only when it is…
AXA’s Egypt portfolio to hit 1.5bn Egyptian pounds in 3 years
French AXA Insurance Company is to invest some one billion Egyptian pounds (US$127.7 million) in their first year…
Moody’s: Eni gas find to alleviate Egypt’s BoP pressures
Italian energy giant Eni’s discovery of a large offshore natural gas field in the eastern Mediterranean off the…