Egypt heralds marketing triple-tranche US dollar bond deal
Egypt has started marketing a triple-tranche US dollar benchmark bond deal, according to a lead. Initial price…
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Financial Institutions
Fitch: China’s stimulus measures boost economic growth
China's stimulus programmes have boosted economic growth, but they're also creating stability risks, Fitch stated…
Egyptian Life Takaful-GIG signs health insurance deals with ADIB, 9 clients
Egyptian Life Takaful Company – GIG says it has signed medical insurance cover agreements with 10 new clients,…
IMF: Egyptian pound depreciation was ‘more than expected’
IMF mission chief for Egypt, Chris Jarvis said Wednesday that Egyptian pound had depreciated more than expected…
BREAKING: IMF releases staff report on Egypt’s $12 billion loan deal
The International Monetary Fund (IMF) has released Wednesday in an online conference the staff report and documents…
Egypt negotiating $60 mln supplementary loan from Kuwait Fund
Egypt is negotiating a $60 million supplementary loan from the Kuwait Fund for Arab Economic Development (KFAED) to…
IMF cuts Saudi Arabia growth forecast on lower oil output
The International Monetary Fund (IMF) has cut on Tuesday its growth outlook for Saudi Arabia on lower oil…
Moody’s: Egypt economy to grow 4.5% in 2017/18
Credit rating agency Moody’s said Sunday it forecasts Egypt’s economy to grow by 4.0 percent and 4.5 percent in…
South Korea’s Hyundai Rotem offers soft financing for Cairo metro line
South Korean Hyundai Rotem, part of the Hyundai Motor Group, is offering the Egyptian government a soft financing…
Orient Takaful Egypt studies launch of microinsurance, medical products
Egypt’s Orient Takaful Insurance Company is studying to launch two new products in the market, one for medical…