Moody’s affirms Egypt B3 rating, outlook remains stable
Moody's Investors Service has affirmed on Friday Egypt's long-term issuer and senior unsecured bond ratings at B3…
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Financial Institutions
Egypt to receive $2 bln deposit from Saudi Arabia: minister
Egypt signed a deal earlier this year for a $2 billion central bank deposit from Saudi Arabia, International…
Egypt receives MENA Transition Fund’s $2.4 mln PPP support grant
Egyptian Ministry of Finance and of International Cooperation signed Wednesday a cooperation protocol to support a…
FAIR braces for biennial summit to promote Egypt insurance industry
Federation of Afro Asian Insurers and Reinsurers (FAIR) is looking forward to organising a major conference…
Misr Insurance compensates SUMED $2.4 mln for turbine breakdown
Egypt’s Misr Insurance Company said Wednesday it had paid Arab Petroleum Pipelines Company – SUMED $2.4 million…
Misr Insurance compensates Shelf Drilling $45 mln for drillship loss in Suez Canal
Egypt’s Misr Insurance Company has paid Dubai-based Shelf Drilling Holdings compensation worth $45 million for the…
British insurer Admiral’s H1 profit surges 4%
U.K.’s motor insurance company Admiral Group reported a 4 percent rise in first-half pretax profit, just shy of…
Misr Insurance wins GASCO’s $28 bln policy bid
Egypt’s Misr Insurance Company has won an insurance policy bid for the assets and properties of Egyptian Natural…
Egypt’s central bank releases treasury bonds worth 3 bln Egyptian pounds today
Egypt’s central bank is issuing Monday treasury bonds worth 3 billion Egyptian pounds ($337.8 million), in…
Misr Insurance insures Eni’s supergiant gas find Zohr – Phase I for $4.8 bln
Egypt’s Misr Insurance is providing insurance coverage for Italian Eni’s first phase of its giant offshore Zohr gas…