Jack Ma leads $1.7bn buyout of MassMutual Life Insurance’s HK unit
Jack Ma, Asia’s richest man, is extending the global reach of his financial services empire, by making a $1.68…
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Financial Institutions
Moody’s affirms Egypt’s B3 rating with ‘stable’ outlook
Moody's Investors Service has affirmed on Friday Egypt’s long-term issuer and senior unsecured bond ratings at B3.…
Egypt looks for $4 billion up on international debt market
Egypt is planning to return to the international debt markets in January to raise as much as US$4 billion to fund…
Insurance Federation of Egypt appoints new head
Egypt’s Insurance Federation (FEI) has voted Alaa El-Zouhery, managing director of Arab Misr Insurance Group – GIG,…
Top 10 leasing firms in Egypt in H1
Egypt’s Financial Supervisory Authority (EFSA) revealed in a recent report the biggest leasing companies in the…
Sawiris’ Beltone Financial targets $1bn fixed income fund in Sept.
Egypt's Beltone Financial, a unit of billionaire businessman Naguib Sawiris's OTMT, will launch a $1 billion…
Egypt launches first state-run takaful insurance firm
Egypt’s first government-owned takaful insurance company is expected to commence operations within six months,…
Suez Canal Insurance to start rating request talks with A.M. Best next month
Egyptian composite insurer Suez Canal Insurance (SCI) will start talks with the rating agency A.M. Best next…
IMF names Subir Lall as new mission chief for Egypt
The International Monetary Fund has named Subir Lall as the new mission chief for Egypt, succeeding Chris Jarvis,…
GIG-Egypt wins Kuwaiti AlKharafi’s $32mn Athens Cypria hotel insurance policy
Egypt’s Arab Misr Insurance Group – GIG has won a $32 million hotel insurance policy tender launched by Kuwait's Al…