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Financial Institutions
Misr Insurance eyes net profit of $112 million in FY2015/16
The Egyptian Misr Insurance Holding Company aims at increasing net profits to 1 billion Egyptian pounds ($112…
Egypt endorses AMF’s $243.8mn loan to support national economy
Egyptian Cabinet has endorsed Wednesday a 59.16 million Kuwaiti dinars ($243.8 million) loan from the Arab Monetary…
Egyptian women entrepreneurs control 44% of SFD’s micro projects
Women entrepreneurs are controlling 44 percent of micro businesses supervised by the Social Fund for Development…
Kuwait Fund says to pump $300mn into Egypt this year
Kuwait Fund for Arab Economic Development (KFAED) is planning around $300 million developmental assistance package…
Kuwait Fund signs $108mn loan for Egypt’s South Helwan power project
Egypt has signed Tuesday a 30 million Kuwaiti dinars (around $108 million) loan with the Kuwait Fund for Arab…
Egypt’s SFD gears up for 18th Microcredit Summit in UAE
Egypt’s Social Fund for Development (SFD) is sending a high-level delegation to take part in the 18th Microcredit…
AIG Egypt wins int’l animal health company’s $32mn policy bid
AIG Egypt Insurance, part of American International Group, Inc. (AIG), has won a policy bid to insure the assets…
China’s Anbang to acquire Strategic Hotels for $6.5 billion
China's Anbang Insurance Group has agreed to acquire Strategic Hotels & Resorts Inc for around $6.5 billion, as…
Wethaq Takaful wins Egyptian property developer’s $12.7mn policy bid
Egypt’s Wethaq Takaful Insurance has won a policy bid to insure the administrative buildings and vehicles owned by…
Egypt raises stake in International Islamic Trade Finance Corp’s capital
Egyptian Cabinet has endorsed Wednesday a plan to raise the country’s stake in the International Islamic Trade…