BREAKING: IMF says reaches staff-level $12 bln loan agreement with Egypt
The International Monetary Fund said on Thursday it has reached a deal to assist Egypt with a three-year loan…
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Financial Institutions
IMF loan is last option for Egypt to escape economic crises; say experts
Egypt is angling to obtain the $21 billion loan package from the World Bank, the African Development Bank, the…
Zurich Insurance H1 profits fall but CEO is pleased
Zurich Insurance posted net income of $1.6 billion for the first half, down by 22 percent on-year, but the head of…
Takaful captures 8.6% of Egypt total insurance compensations in 5 months
Takaful firms have seized around 8.6 percent of the total insurance compensations paid in the Egyptian market…
U.S. Treasury Dept auctions $24B of 3-year notes at a high yield of 0.850%
The U.S. Treasury Department auctioned $24 billion in 3-year notes at a high yield of 0.85 percent. The…
Munich Re profit falls 9% on natural disasters
Munich Re AG (MUV2.XE) announced Tuesday that profit dropped 9% in the second quarter on higher costs related to…
Egypt has proposed 18-month reform programme to IMF: reports
Three Egyptian dailies said on Monday that Cairo was proposing to IMF delegates an 18-month reform programme in…
Delta wins $5.2 mln insurance policy for carbon factory in Egypt – broker
Egypt’s Delta Insurance Company has won a policy bid launched by one of the companies operating in carbon industry,…
Sawiris’ Beltone Financial says Q1 net profit jumps 132%
Egypt's Beltone Financial, a unit of billionaire businessman Naguib Sawiris's OTMT, reported a 132 percent jump in…
INTERVIEW: launch of new microfinance firm in Egypt is underway
One of the private banks in Egypt is conducting feasibility studies to launch a new microfinance company in the…