Goldman Sachs cuts equities to ‘neutral’, upgrades commodities
Goldman Sachs downgraded equities to "neutral" over a 12-month time-frame on growth and valuation concerns, but…
Browsing Tag
Financial Institution
King Salman launches Egyptian-Saudi fund with capital of $16bn
Saudi Arabian King Salman bin Abdulaziz Al-Saud launched an Egyptian-Saudi investment fund with a capital of SAR…
Moody’s describes Pound devaluation as credit positive for Egypt
The recent decision by the Central Bank of Egypt (CBE) to adopt a flexible exchange rate has been remarked as…
Misr Insurance eyes net profit of $112 million in FY2015/16
The Egyptian Misr Insurance Holding Company aims at increasing net profits to 1 billion Egyptian pounds ($112…
EFG Hermes seizes 76.7% of Tanmeyah for US$44mn
EFG Hermes, the leading investment bank in the Arab world, has entered into a binding agreement to acquire 76.7% of…
Takaful insurance captures 11 % of Egypt’s insurance market
Takaful insurance activity currently seizes 11 percent of the sector’s installment portfolio, Secretary-General of…
S&P settles Australian lawsuit over Lehman Bros collapse
A substantial settlement has been reached in a landmark A$200 million ($143 million) class action brought against…
Saudi Arabia allocates $31 million to activate Sisi’s initiative for youth
The Saudi Fund for Development grants 250 million Egyptian pounds ($31 million) to Egypt’s Social Development Fund…
Wethaq Takaful Insurance-Egypt investment portfolio hit $35mn last December
The investment portfolio of Wethaq Takaful Insurance -Egypt has increased to 273.55 million Egyptian pounds…
Cabinet endorses Kuwait fund’s loan for Egypt-Saudi power link
Egyptian Cabinet approved Thursday a loan agreement with Kuwait Fund for Arab Economic Development (KFAED) to…
