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Financial Institutions
Fitch Affirms Triple-A Rating for U.S.
Fitch Ratings Inc. affirmed its Triple-A rating for the U.S., citing the nation's "unparalleled financing…
Egypt’s Govt to Borrow EGP6 Billion from Banks Tomorrow
Egyptian Government will borrow EGP6 billion tomorrow from the banks operating in the market in the form of…
Egypt’s Economy to Grow 6% in 3 years: Finance Minister
Egypt's finance minister is predicting growth rates of up to 6 percent within three years, which would mark a major…
SFD-Egypt Obtains €67.5 Grant from EU
Social Fund for Development (SFD) obtained €67.5 million European Union (EU) grant through the World Bank towards…
Arab Misr Insurance GIG Plans Opening New HQ in New Cairo with EGP90mn
Head of Investment Sector at Arab Misr Insurance Group GIG Mohamed Nagah Nour said the investment cost of new…
Egypt Eyes 5-6% Economic Growth for Next 3 Years– Minister
Minister of Finance Hany Kadry Dimian revealed on Tuesday that the government is aiming to restore investor…
Egypt’s FinMin Plans Cancelling 90% of Petroleum Subsidiary over 4 Years
Egyptian Minister of Finance Hany Kadry revealed that the government is planning to cancel 90% from the four-year…
MetLife Alico Cooperates with AlexBank and Barclays for Bancassurance Activities
Egypt’s Pharaonic American Life Insurance Company- Alico (MetLife Alico) is aiming to obtain a regulatory approval…
Egyptian Saudi Insurance House Invests EGP20mn in New Suez Canal Project
Egyptian Saudi Insurance House (ESIH) bought today EGP 20 million (US$2.8 million) worth of investment certificates…
Delta Life Insurance’s Newest Mutual Fund Approved –Regulator
Egypt’s financial regulator announced Sunday the approval of Delta Life Insurance’s newest mutual fund. According…