Browsing Category
Financial Institutions
Gulf Insurance Group Eyes Boosting its Stake to 60% in Egyptian Takaful
Managing Director at the Egyptian Takaful Insurance (Properties) Ahmed Arfeen revealed that Gulf Insurance Group…
Africa Re Endorses 5-Year Expansion Plan, to Open new HQ in Sudan
The African Reinsurance Corporation (Africa Re)'s board of directors endorsed a five-year strategy (2014 - 2019) to…
SFD Egypt Disburses EU’s $50mn Grant for Labor-Intensive Project Next Week
Egypt's Social Fund for Development (SFD) will start disbursing an US$100 million grant from the European Union…
Banque Du Caire to Receive GIG Insurance Mutual Fund’s Subscriptions
Banque Du Caire is set to receive subscriptions on Arab Misr Insurance Group (GIG)'s second mutual fund, said head…
Africa Re’s Rating Likely to be Raised to ‘a’
The credit rating of the African Reinsurance Corporation (Africa Re) is expected to be raised to "A" within the…
IFC Secures $300mn to Provide Financial Services and Develop Infrastructure in Egypt
The International Finance Corporation (IFC)'s total investments in Egypt recorded US$1 billion, including US$300…
Gras Savoye Egypt to Open up a New Branch in Kuwait by July
Gras Savoye Egypt – Insurance Broker plans to open up its new branch in the Arab region, in Kuwait next month, said…
Arab Orient Takaful Insurance Opens New Subsidiary in Heliopolis
Arab Orient Takaful Insurance has inaugurated new subsidiary in Masr El Gedida 'Heliopolis' for customers services,…
SFD Egypt in Talks with 3 Global Lenders over USD85 mln Loans and Grants
Egypt's Social Fund for Development (SFD) is currently holding talks with 3 international financial institutions…
Egyptian Firms’ Mortgage Finance Surged to EGP4.4bn in March: EFSA
Egyptian General Supervisory Authority (EFSA) Chairman Sherif Samy said the granted mortgage from mortgage finance…