Misr Insurance pays $1.35 mln compensations for drugmaker Pharco
The leading insurer in MENA region, Misr Insurance Company, has paid the Egyptian drugmaker Pharco Pharmaceuticals…
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Financial Institutions
Moody’s: Egypt tourism revenues in Q1 2016 lowest in 18 years
Egypt's tourism revenues dropped in the first quarter of the current year to record its lowest level since 1998…
Iskan Insurance targets $500,000 contribution to Egypt nuclear insurance pool
Cairo-based Iskan Insurance Company seeks to contribute around $500,000 to the capacity subscription of a planned…
Egypt’s SFD says financed 11,000 small projects in New Valley since 1992
Egypt’s Social Fund for Development (SFD) has financed around 11,000 small and micro-sized projects in New Valley…
Moody’s: Egypt fiscal position remains unstable
Despite marginal improvements in international reserves and foreign direct investment and the likely improvement in…
Takaful seizes 11% of total insurance premiums in Egypt in 4 months
Takaful firms have managed to capture 11.46 percent of the total insurance premiums in the country throughout the…
Tokio Marine Insurance named Tokyo 2020 Olympic Games sponsor
Japan-based Tokio Marine has been named an official sponsor of the Tokyo 2020 Summer Olympic and Paralympic Games,…
S&P 500 brushes record high after blowout jobs report
The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied…
IMF cuts euro zone growth outlook on ‘Brexit,’ warns it may get worse
The International Monetary Fund on Friday cut its euro zone growth outlook for the next two years over…
Fitch: Brexit may impact Mideast, Africa Sovereigns via markets, trade, aid
Brexit will have limited effect on the sovereign credit ratings of SA and other countries in the Middle East and…