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Financial Institutions
SFD in talks with two banks over $25.5mn contracts
The Social Fund for Development (SFD) is to sign two contracts with two banks to finance small enterprises, Head of…
Egypt’s Tahya Misr fund to launch holding firm for SMEs
"Tahya Misr" (Long Live Egypt) fund is to launch a holding company to support and finance Small and Medium-sized…
Gulf firms under pressure from low oil price; says S&P
Companies in the six Gulf Arab states are under pressure as governments reduce spending in response to a slump in…
Egypt returns to international market through ‘successful’ Eurobond issuance – IMF
Egypt has returned to international markets through the successful issuance of a US$1.5 billion Eurobond, said…
SFD’s SMEs funds hit $383mn at August-end
The total funds of Social Fund for Development (SFD) for Small and Medium-sized Enterprises (SMEs) worth 3 billion…
Arab Monetary Fund grants Egypt $339mn-loan
The Arab Monetary Fund (AMF) has signed an agreement with Egypt to provide new loan worth Dinar 78.880 million (US$…
AXA: Insurers’ greater presence ‘pivotal’ to insure foreign investments in Egypt
French insurance group AXA’s Deputy CEO Denis Duverne stresses the importance of expanding into the Egyptian…
Brazil loses investment-grade rating from S&P
Standard & Poor's on Wednesday stripped Brazil of its investment-grade credit rating in a move that calls into…
Delta Insurance Company assets hit $128mn end June 2015
The total assets of Delta Insurance Company have been increased by 9.6% at the end of fiscal year 2014-15,…
IMF chief urges troubled Tunisia to press on with reforms
IMF chief Christine Lagarde urged Tuesday Tunisia, whose vital tourism sector has been hard hit this year by deadly…