Pimco names Man Group’s Manny Roman as CEO
Pacific Investment Management Co., one of the world's largest bond funds, has picked up Man Group PLC Chief…
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Financial Institutions
Egypt’s development aid portfolio grew to $33.07 billion
Egypt’s total development assistance portfolio from development partners has surged to $33.07 billion, from $2…
Bank of America sets new cost target under pressure from low rates
Bank of America Corp (BAC.N) reported a 19 percent drop in second-quarter profit on Monday and set a new expense…
Delta Life Assurance wins Egypt regulator final approval for new products
Egypt’s Delta Life Insurance has received final approval from the market regulator Egyptian Financial Supervisory…
Misr Insurance compensates EgyptAir $18 mln for MS804 plane crash
Egypt’s Misr Insurance Company has paid EgyptAir $18 million for the loss of the Airbus A320-232 which crashed the…
South Africa jumps Egypt to become, once again, 2nd biggest economy in Africa
South Africa is once again the second-biggest economy on Africa as it reclaims the position from Egypt – and…
UAE Khalifa Fund to pump $200 mln in Egypt in 5 years
Abu Dhabi’s Khalifa Fund for Enterprise Development plans to pump $200 million into Egyptian market in the coming…
SAIB inks $11.26 mln to finance Egyptian micro-sized projects
Societe Arabe Internationale de Banque (SAIB) has signed Thursday a new financing contract with Egypt’s Social Fund…
UAE’s Khalifa Fund directs 60% of Egypt investments to rural areas
Abu Dhabi’s Khalifa Fund for Enterprise Development says 60 percent of its investments in Egypt are dedicated for…
Egyptian Takaful Property commits $200k to Egypt nuclear insurance pool
Egyptian Takaful Property and Liability Insurance (EGTAK) will commit around $200,000 to the capacity subscription…