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Financial Institutions
Takaful insurance captures 11 % of Egypt’s insurance market
Takaful insurance activity currently seizes 11 percent of the sector’s installment portfolio, Secretary-General of…
Misr Insurance wins Alex-based textile firm’s $127.7mn policy bid
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets, factories,…
Moody’s affirms Spain’s ‘Baa2’ rating, yet cuts outlook to…
Moody's Investors Service affirmed Friday Spain's sovereign rating of "Baa2" but lowered the outlook on the rating…
Christine Lagarde wins second term as IMF chief
The Executive Board of the International Monetary Fund (IMF) approved Friday to appoint Christine Lagarde for a…
S&P settles Australian lawsuit over Lehman Bros collapse
A substantial settlement has been reached in a landmark A$200 million ($143 million) class action brought against…
Saudi Arabia allocates $31 million to activate Sisi’s initiative for youth
The Saudi Fund for Development grants 250 million Egyptian pounds ($31 million) to Egypt’s Social Development Fund…
Jordan’s APEX looks to expand in Egypt reinsurance brokerage market
Jordan-based APEX Insurance is seeking to obtain regulatory approval to practice reinsurance brokerage activities…
Wethaq Takaful Insurance-Egypt investment portfolio hit $35mn last December
The investment portfolio of Wethaq Takaful Insurance -Egypt has increased to 273.55 million Egyptian pounds…
Beltone Financial prepares IPOs in EGX for more than $1.8bn
Beltone Financial is preparing the initial public offerings (IPO) of several companies in the retail and food…
Sisi’s fund to establish $13 million leasing firm
Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national…