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Financial Institutions
Insurance Companies Capitals hit $762 mln: EFSA
The total volume of Insurance companies' capitals has increased to 5.917 billion Egyptian pounds (US$ 762 million)…
Wethaq Takaful Total Assets rise by 13.1% end FY 2014-15
Egypt's Wethaq Takaful Insurance's total assets have been increased by 13.1% at the end of fiscal year 2014-15,…
SFD Egypt in Talks with World Bank over US$25.5mln-fund
Egypt's Social Fund for Development (SFD) negotiates with the World Bank Group for a fund worth EGP200 million…
Egyptian Takaful Property eyes $63mln-investments by end 2016
The Egyptian Takaful Insurance Company (Property) targets achieving investments worth 490 million Egyptian pounds…
SFD funds $85.6mn in Egyptian Microenterprises in 6 Months
Egypt’s Social Fund for Development (SFD) has contributed 670 million Egyptian pounds (US$85,6 million) to finance…
Moody’s changes Egypt Banking System Outlook to ‘Stable’ – Statement
Moody's Investors Service announced Wednesday it has changed the outlook for Egypt's banking system to stable from…
IMF calls for Greece Debt relief ahead of Bailout Vote
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than…
SFD Egypt in talks over US$700mn Foreign Loans
Egypt’s Social Fund for Development (SFD) is in ongoing talks with international financial institutions, including…
SFD, Pirelli Undertake Cooperation Agreement For Technical Support
The Social Fund for Development (SFD), affiliated to Ministry of Industry and Foreign Trade, signed a cooperation…
IMF Projects slower Growth in Emerging Markets
The International Monetary Fund (IMF) has projected that growth in emerging markets and developing countries will…