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Financial Institutions
IMF: War, oil rout erode Middle East, Central Asia growth prospects
Wars and depressed crude oil prices have diminished growth prospects for the Middle East and central Asia, and…
Tokio Marine Egypt General Takaful plans 56% rise in investments this FY
Insurer Tokio Marine Egypt General Takaful plans to increase its investments in the country by 56 percent in the…
Fitch says Egypt pound devaluation ‘credit positive’, economic challenges remain
Decisions by the Central Bank of Egypt (CBE) last week, including a devaluation of the Egyptian pound, are broadly…
AXA says CEO De Castries to step down
French insurance giant AXA SA announced Monday that its Chairman and Chief Executive Henri de Castries will step…
Egypt inks deal worth $1.5bn with Saudi fund for Sinai development
Egypt signed Sunday a $1.5 billion agreement with the Saudi Fund for Development (SFD) to finance development in…
Orient Takaful wins Automech Formula 2016 show’s $11.3mn insurance policy
Egypt’s Orient Takaful Insurance Company has won an insurance policy bid for the current edition of the Automech…
Saudi Arabia, Egypt to sign $8bn investment deal Sunday
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) will sign a preliminary agreement Sunday to…
Misr Life wins Egyptian cigarette maker’s medical insurance bid
The leading life insurer in MENA region, Misr Life Insurance has won a medical insurance policy bid launched by…
EFSA to discuss the future of microfinance at 2nd Microfinance Egypt Forum
The issuance of the microfinance law last year was part of President Sisi’s strategic objective to improve economic…
Moody’s describes Pound devaluation as credit positive for Egypt
The recent decision by the Central Bank of Egypt (CBE) to adopt a flexible exchange rate has been remarked as…