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Financial Institutions
Kuwait Fund loans Egypt $1.5 billion over next Five Years – Official
The Kuwait Fund for Arab Economic Development (KFAED) intents to lend Egypt $1.5 billion over the next five years,…
GIG Egypt targeting new Credit Rating from A.M. Best
Egypt’s Arab Misr Insurance Group – GIG will start next week lengthy talks with the leading rating agency, A.M.…
Misr Insurance wins Mahmoudia Power Plant’s $220 million Policy
Misr Insurance Company, leading insurer in MENA region, has won a US$220 million insurance policy for a power plant…
Africa Re: 2014 Total Investments hit US$893 million
The African Reinsurance Corporation (Africa Re) registered a growth in total investments to US$893 million by end…
US$15 million of World Bank’s Loan allocated for Egypt Entrepreneurship – SFD
Egypt’s Social Fund for Development (SFD) allocates US$15 million from US$300 million World Bank-led loan to…
ILO signs 3 MoUs to support Egyptian Women and Entrepreneurs
UN’s International Labour Organization (ILO) and Egypt’s Social Fund for Development (SFD) have signed three…
Fitch cuts Greece Rating to ‘CCC’ amid Uncertainty over Aid Release
Ratings agency Fitch cut on Friday Greece's credit rating to 'CCC' from 'B' saying lack of market access, tight…
Assiut University launches Insurance Policy worth EGP3 billion
Insurers in Egypt are competing to win an insurance policy tender for Assiut University’s assets and affiliated…
Misr Life Insurance: Direct Premiums 15.4% up in 8 Months
Egypt's Misr Life Insurance posted a 15.4 percent direct premium growth to reach 1.536 billion Egyptian pounds…
Suez Canal Life mulls Cooperation with Munich Re
Egypt’s Suez Canal Life Insurance Company is considering reinsurance cooperation with Germany’s Munich Re in the…