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Financial Institutions
Sudanese Insurance Eyes US$20mn Premiums in 3 Years
Managing Director of Sudanese Insurance and Reinsurance Company Hassan El Sayed said his company eyes US$20 million…
JPMorgan-to-Apple Data Scares Spur Israeli Stock’s Surge
With each successive data breach scare that’s hit corporate America in recent weeks, from JPMorgan Chase & Co.…
Fitch Affirms Saudi Arabia Ratings at ‘AA’; Outlook Stable
Fitch Ratings has affirmed on Friday Saudi Arabia's Long-term foreign and local currency Issuer Default Ratings…
Misr Life Insurance Invests EGP150 million in New Suez Canal Project
Misr Life Insurance allocates a portion of its portfolio to buy EGP 150 million worth of investment certificates…
Royal Insurance-Egypt to Launch Mutual Fund with EGP50mn by October
Royal Insurance Company decided to launch new mutual fund for underwrite with EGP50 million initial capital by next…
SFD Finances 5 Contractors Participating in Suez Canal Project
Egypt’s Social Fund for Development (SFD) announced Wednesday it will finance contractors participating in building…
Misr Life Insurance to Promote its Products via HDB by October
Misr Life Insurance Company is planning promoting its products through Housing and Development Bank (HDB) in…
Investment Expects 5% GDP Increase in Egypt’s Insurance Sector: Minister
Egyptian Investment Minister Ashraf Soliman said the insurance sector represents around 1% gross domestic product…
30th GAIF Conference Kicks off Today in Sharm El Sheikh City
The 30th GAIF Conference and Golden Jubilee of the General Arab Insurance Federation” in Sharm El Sheikh City kicks…
UPDATE 1-Egypt Revises up July Annual Inflation to 11.04 pct
Egypt revised up its annual consumer price inflation rate to 11.04 percent for July from an earlier figure of 10.61…