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Financial Institutions
EFSA ratifies $255mn-investments for Private Insurance Funds
Egyptian Financial Supervisory Authority (EFSA) has endorsed investments worth EGP2 billion (US$ 255.3 million) for…
Arab Misr Insurance eyes $61mln-premiums by end FY 2015-16
Arab Misr Insurance Group (GIG) targets boosting the volume of its total premiums to reach EGP 480 (US$…
Egypt’s Metropolitan to provide Services in Saudi Arabia
Metropolitan Consulting reached strategic partnership with Saudi Abdel Wahab Al-Balawi Organization and National…
Total Insurance Instalments Paid Stands At LE5.7 Bln By April 2015
Instalments of new and current life insurance issues reached EGP 3.54bn between January and April, compared to EGP…
IMF adjourns Mission to Egypt to end of summer
The International Monetary Fund (IMF) mission to Cairo is adjourned to the end of summer, according to the mission…
Moody’s downgrades Greek bond rating on default risk
Credit rating agency Moody's Investors Service Thursday downgraded Greece's government bond rating to 'Caa3' from…
ACE buys upmarket Chubb in biggest ever Insurance Takeover
Swiss insurance giant ACE Ltd (ACE.N) is to buy upmarket property insurer Chubb Corp (CB.N) for $28.3 billion to…
Egyptian Takaful Non-life eyes opening New Branch in Eastern Cairo
Egyptian Takaful Insurance Company (Non-life) studies the launch of a new branch in eastern Cairo this fiscal year…
Egyptian Takaful Non-life eyes $1.3mln-Premiums in FY2015-16
Egyptian Takaful Insurance Company (Non-life) aims to achieve premiums worth EGP 10 million (US$ 1.3million) in FY…
Moody’s: Egypt Tax Revenues possibly below Draft Budget Estimate
Moody’s Investors Service said in a report Thursday it expects Egypt’s tax revenues to be lower than 612 billion…