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Financial Institutions
Fitch revises Saudi Arabia’s outlook to ‘negative’
Fitch Ratings revised Friday ts outlook on Saudi Arabia's foreign and local currency issuer default rating (IDR) to…
Orient Takaful Insurance to boost investment portfolio June 2017
Orient Takaful Insurance Company-Egypt targets increasing investment portfolio to 405 million Egyptian pounds…
Egyptian Takaful eyes stake in a new carbon black company
The Egyptian Takaful Insurance Company – Non-life is studying a contribution in the capital of an…
Duet-CI Capital assigns Amr Helal to head Egypt Opportunities Fund
Duet-CI Capital said it had hired Amr Helal to head its $300-million private equity fund for investing in Egyptian…
Allianz Egypt to reveal business results and strategies this August 26
Leading insurer Allianz Egypt is to hold its annual press conference on August 26 this year to discuss its…
IMF calls on Saudi Arabia to depend less on oil
As dropping oil prices and high public spending erode Saudi Arabia's reserves, the International Monetary Fund on…
Moody’s slashes India’s growth forecast to 7%
Moody's Investors Service on Tuesday lowered its forecast for India's economic expansion to 7% this fiscal year due…
Misr Insurance wins power contracts worth multi-billion Egyptian pounds
The leading insurer in MENA region, Misr Insurance Company has been awarded new contracts to insure two power…
Global Lease in talks over $102m loan with 8 Banks
The newly-launched Global Lease Company is negotiating with eight banks for funds worth 800 million Egyptian pounds…
IMF calls for Greek Debt relief after Bailout approved
The International Monetary Fund has called on eurozone ministers to offer Greece debt relief, following the…