Allianz appoints new CEO for Egypt
German insurer Allianz said Wednesday it appointed Antoine Issa chief executive for Egypt. Issa will succeed Udo…
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Financial Institutions
Banque du Caire, CIS Egypt in talks on credit risk coverage
Cooperative Insurance Society Egypt (CIS Egypt) is negotiating to offer the country’s third largest state bank,…
Suez Canal Insurance renews reinsurance deal with Germany’s Hannover Re
Egyptian composite insurer Suez Canal Insurance has renewed reinsurance agreement for 2017 with Germany’s Hannover…
Orascom: foreign currency financing for two power plants in Egypt reaches close
Orascom Construction Limited announced Thursday that the foreign currency financing of Assiut and West Damietta…
A.M. Best affirms credit ratings of Misr Life at bbb
A.M. Best has affirmed Thursday the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating…
A.M. Best affirms Egypt’s Misr Insurance Company credit rating at bbb
A.M. Best has affirmed Thursday the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating…
Egypt’s Orient Takaful wins South Valley Cement’s insurance policy bid
Egypt’s Orient Takaful Insurance Company has won a tender to provide insurance coverage for South Valley Cement’s…
Egypt, EU sign two assistance programmes worth €120 million
Egypt has signed on Tuesday two grants worth €120 million ($124.6 million) from the European Union to support the…
Three Gulf institutions eye practicing microfinance activities in Egypt
Three financial institutions from Gulf are studying applying for a licence to practice microfinance activities in…
Orient Takaful wins Lafarge Cement Egypt’s €1 billion insurance policy tender
Egypt’s Orient Takaful Insurance Company has won a tender to provide insurance coverage for Lafarge Cement Egypt’s…