Hiscox says may set up EU-based insurance firm
Lloyd's of London underwriter and specialist insurer Hiscox Ltd (HSX.LN) said it may set up an EU-based insurance…
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Financial Institutions
IMF agrees on two-year $3.5 bln credit line for Morocco
The International Monetary Fund (IMF) has granted Morocco a $3.5 billion credit line for two years to help it…
Egypt’s nuclear insurance pool to convene ‘in days’ to review insurers’ shares
The long-awaited Egyptian insurance pool tailored for insuring the country’s nuclear projects and facilities will…
Iskan wins $32.6 mln political violence insurance policy for mall developer
Egypt’s Iskan Insurance Company has won a policy bid launched by one of the companies operating in mall and…
Central Bank of Egypt to issue Sunday $1.1 bln treasury bills
Egypt’s central bank is to issue on Sunday on behalf of the ministry of finance treasury bills worth 10 billion…
JPMorgan to stop settling government securities for dealers
JPMorgan Chase & Co (JPM.N) will stop settling U.S. government securities transactions for most dealers by the…
Goldman Sachs to invest $184 million in Brazil storage company
Goldman Sachs Group Inc (GS.N) will invest 600 million reais ($184 million) in Brazilian storage company Metrofit…
GIG to insure credit cards owned by National Bank of Egypt customers
Egypt’s Arab Misr Insurance Group – GIG has won the credit card insurance policy bid launched by the National Bank…
S&P downgrades Turkey ratings
Standard & Poor's Global Ratings has downgraded Wednesday ratings on the Republic of Turkey, and said the…
GIZ’s Egypt cooperation, technical support portfolio hits €1.3 billion
The total amount of ongoing German Agency for International Cooperation (GIZ) cooperation and technical support for…