Browsing Category
Financial Institutions
Suez Canal Insurance: Hannover Re’s Reinsurance Treaty Renewed
Egypt’s Suez Canal Insurance Company (SCI) has renewed its agreement with German reinsurance company Hannover Re…
Egypt Vulnerable to Adverse Global Economic Developments: IMF
Speaking to Daily News Egypt, International Monetary Fund (IMF) Mission Chief for Egypt, Chris Jarvis, outlines how…
Egypt Braces for New Tax Collection Season early January
Egypt's Tax Authority (ETA) has ordered the heads of tax districts to form technical committees dedicated to…
Insurer That Got $145 million Loan under Obamacare is almost Broke
A startup insurance company loaned $145 million by the U.S. government under Obamacare is running out of money and…
Analysis: Egypt Set to Lure More Investments after Fitch Upgrade
Fitch Ratings upgrade of Egypt's credit rating shows confidence in the country's ongoing economic reforms and will…
Gras Savoye Eyes First Presence in Upper Egypt
The leading insurance broker Gras Savoye intends to start its business in the Upper Egypt region in the coming…
Misr Life Insurance Posts EGP895mn Direct Premiums in 5 Months
Misr Life Insurance announced today a 15.4% y-o-y growth in its direct premiums of EGP 895 million during the first…
Kuwaiti Investors Eye Egypt Insurance Market, US$68mn Investments
A group of Kuwaiti investors has expressed intention to start business in Egypt’s insurance market, deputy head of…
Axa Group Eyes Pushing into Egypt’s Insurance Market
Axa SA (CS), France’s largest insurer, is looking to expand its presence into Egyptian market, deputy head of…
Fitch Upgrades Egypt to ‘B’; on Subsidies, Oil Savings
Fitch Ratings has upgraded Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) to 'B' from…