A.M. Best affirms GIG-Egypt’s rating at BBB with stable outlook
A.M. Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb”…
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Financial Institutions
Moody’s: Egypt’s reviving tourism to prop up banking sector
A 51 percent year-on-year rise in tourist arrivals in the first quarter of 2017 is likely to prop up the banking…
Egypt will receive second disbursal of IMF loan within 2-3 weeks: FinMin
Egypt is set to receive the second disbursal of a $12 billion International Monetary Fund loan within two to three…
Fitch affirms Egypt rating at ‘B’ with stable outlook
Fitch Ratings has affirmed Thursday Egypt’s long-term foreign- and local-currency issuer default ratings (IDRs) at…
Egypt expects to receive second tranche of the IMF loan in July: PM
Egypt expects to receive the second tranche of a $12 billion International Monetary Fund loan in July, Egyptian…
UNDP, Egypt to jointly set up the national impact investment fund
Egypt has signed Wednesday an agreement with the United National Development Programme (UNDP) to establish its…
Egypt 2017/18 budget to include 75 bln Egyptian pounds social package
Egypt's budget for financial year 2017/18 will include a 75 billion Egyptian pounds ($4.17 billion) social package,…
Delta Life wins Egyptian Vet Syndicate’s insurance policy tender
Egypt’s Delta Life Assurance has won an insurance policy for the Egyptian Veterinaries Syndicate. The policy is…
IMF’s Jarvis says Egypt to lift cap on dollar deposits in months: paper
Egypt's central bank will remove restrictions on dollar deposits in the coming months, local newspaper Al-Borsa has…
Egypt provided $121 mln in emergency funding to GASC in May: MoF
Egypt's Finance Ministry announced in a statement on Saturday that it has provided the state grains buyer GASC with…