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…
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Financial Institutions
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…
CBE to Auction EGP6.5 bln T-bills on Thursday
On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt is set to raise tomorrow 182- and 364-day…
Libya’s economy to shrink by 5.1% in 2013, says IMF
Libya’s economy is expected to shrink by 5.1 percent in 2013 due to a wave of strikes blocking oil exports, the…
IMF Says Still Ready to Aid Egypt When Needed
The International Monetary Fund remains ready to provide aid to Egypt when Cairo requests it, a senior IMF official…
Obama Relying More on Insurers to Aid Signups
The White House is increasing its reliance on insurers by accepting their technical help in efforts to repair the…
Munich Re Profit Falls, Will Buy Back Shares
Germany's Munich Re AG (MUV2.XE), the world's biggest reinsurer by premium revenue, Thursday announced a new…
Swiss Re Profit Falls Sharply
Swiss Re AG (SREN.VX) on Thursday posted a sharp decline in third-quarter net profit compared to the same…
Pakistan Bonds Better Choice Than Egypt’s, VTB Capital Says
Pakistani debt is a safer bet than that of similarly rated Egypt as the South Asian nation is enjoying greater…
Egyptian Takaful Property Receives EFSA’s Approval to Practice Bank Insurance Activity
Mr. Ahmed Morsy, Deputy Managing Director of the Egyptian Takaful Insurance Company (Property), has revealed that…