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Financial Institutions
Egypt Cut To Record Low At S&P On Increased Financing Pressure
Egypt’s long-term credit rating was cut to seven levels below investment grade at Standard & Poor’s, the…
S&P Cuts Egypt’s Sovereign Credit Rating To ‘C’
Standard & Poor's said on Thursday it lowered Egypt's sovereign credit rating to 'C' from 'B' with a stable…
Misr Insurance Renews Policies Of National Navigation, Petroleum Marine Services
Misr Insurance Company (Non-life) has renewed the insurance policies covering the maritime fleets of the National…
Munich Re Starts Financial Year 2013 With Quarterly Profit Of €979 Mln
The first three months of 2013 went very well for Munich Re Group-wide. Thus Munich Re posted a consolidated…
Cabinet Reshuffle Not To Affect IMF Talks: Cabinet Spokesperson
The new Cabinet reshuffle will not affect the government’s economic program or policies which were announced in a…
Swiss Re Delivers Q1 Group Net Income Of US$ 1.4 Bln
Swiss Re reports a very strong Group net income of USD 1.4 billion for the first quarter of 2013, 21% higher than…
SFD Seeks Medical Insurance Coverage Over Employees With EGP 36 Mln
The Social Fund for Development (SFD) has announced an auction to medically insure its employees with value of EGP…
ACE Acquires Personal Lines Insurer ABA Seguros In Mexico
ACE Limited (NYSE: ACE) announced today that it has completed the acquisition of Mexican personal lines…
Misr Insurance’s Motor Insurance Premiums Hit EGP 123 Mln At End-March
Misr Insurance Company (Non-life) achieved EGP 123 million motor insurance premiums as of the end of last March,…
Misr Life Insurance 9-Month Direct Premiums Hit EGP 1.307 Bln
Misr Life Insurance Company achieved direct premiums of EGP 1.307 billion during the first nine months of FY…