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Financial Institutions
Royal Insurance Eyes Capital Increase to EGP80 mln at FY15-end
The Egyptian joint stock company Royal Insurance is planning to increase its paid-up capital by EGP 20 million to…
Africa Re Eyes New Expansions in Brazil, China
African Reinsurance Corporation (Africa Re) is planning to make overseas expansions in Brazil and China within the…
CBE Offering EGP6.5 bln T-bills Today
On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will be offering today 182- and 357-day…
GIG Insurance Captures Policyholder Sewage Plant with EGP2 bln in Qalyubiyah
Alaa el-Zoheiry, managing director of Arab Misr Insurance Group – GIG Egypt, said his company succeeded to capture…
Africa Re Eyes US$770 mln Premiums by 2014-end
African Reinsurance Corporation (Africa Re) is planning to attain total premiums of US$ 730 million by the end of…
Egypt’s Inflation on Course to Fall back in 2014 – Capital Economics
Egyptian inflation ticked up again in October on the back of a further rise in food inflation. However, price…
Egypt Life, Misr Insurance Companies Investments Are EGP30 bln
Saeed Gabr, managing director of Misr Life Insurance Company said the size of government insurance companies’…
Wethaq Takaful Negotiates with 3 Banks to Activate Bank Insurance
Mr. Abdul Latif Sallam. Managing Director. Wethaq Takaful Insurance Co, said his company has already started to…
S&P Raises Egypt Ratings to B- from CCC+
Standard & Poor's Ratings has raised its sovereign credit ratings for Egypt to 'B-/B' from 'CCC+/C', saying it…
Royal Insurance to Open New Branch in Dokki-Egypt Early-2014
Mohamed Reda, head of production and branches sector at Royal Insurance Company, said his company is planning to…