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Financial Institutions
Egypt Needs Structural Help From IMF., Not Loans, Minister Says
Egypt needs broad structural measures, not stopgap financing, as part of a package from the International Monetary…
Arab Orient Takaful Relaunches Retail Products
The Arab Orient Takaful Insurance Company (AOTIC) plans to relaunch its retail products which are known as “Safe…
Grand Capital Sells 50% Stake In Al Alamia Insurance Brokerage
Grand Capital for Financial Investments (GCFI) decided to sell 50% of its stake in Al Alamia for Insurance…
Insurers Suggest Extending Term Of IFE’s BoD To 4 Years
The Insurance Federation of Egypt’s (IFE) statute amendment committee held its first meeting last week to listen to…
Good News About IMF Egypt Loan Soon: Presidential Secretary
Good news with regard to the International Money Fund loan to Egypt will be announced soon, Secretary to the…
El-Sayed El-Gohary Raises Stake In Delta Insurance To 4.012%
The chairman of Delta Insurance Company El-Sayed El-Gohary has purchased 2.84% stake (640,000 shares) in the…
Arab Orient Takaful Insures National Bank For Development With EGP 500 Mln
The Arab Orient Takaful Insurance Company (AOTIC) signed a contract to insure the National Bank for Development…
Suez Canal Non-life Insurance Posts 3.9% Increase In Premiums; H1, FY 2012/13
Suez Canal Non-life Insurance Company achieved premiums of EGP 213 million in the first half of FY 2012/2013,…
SFD To Offer EGP 1.5 Bln SME Finances In 2013
The Social Fund for Development (SFD) targets to offer finances worth EGP 1.5 billion in 2013 to small and medium…
SFD Receives US$ 5 Mln Grant From MENA Transition Fund
The Social Fund for Development (SFD) has received a grant worth US$ 5 million from MENA Transition Fund,…