Australia’s triple-A rating safe for now; Moody’s says
Moody's Investors Service on Monday said short-lived political uncertainty in Australia would have limited…
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Financial Institutions
Misr Insurance renews IFFCO Egypt’s $405.4 mln insurance policy
The leading insurer in MENA region, Misr Insurance Company has renewed an insurance policy for the assets of IFFCO…
Egypt to issue treasury bills, bonds worth $11 bln this July
Egypt’s Ministry of Finance is planning to issue this July treasury bonds and treasury bills totalling 97.750…
Suez Canal Insurance wins policy for East Port Said tunnel drilling equipment
Egypt’s leading composite insurer, Suez Canal Insurance Company has won a policy bid to insure one of the drilling…
S&P cuts European Union credit rating amid Brexit vote
Ratings agency Standard and Poor's has cut its credit grade on Thursday for the European Union after the UK's vote…
Misr Insurance renews Nasr Petroleum’s $394 mln insurance policy
The leading insurer in MENA region, Misr Insurance Company has renewed a medical insurance policy bid for Nasr…
IMF says has not received loan request from Egypt, ‘stands ready’ to help
The International Monetary Fund said on Monday it had not received any financing request from Egypt but stood ready…
IMF mission seen in July as Egypt starts $5 bln loan talks: minister
A delegation from the International Monetary Fund (IMF) is expected to visit Egypt next June to resume talks over a…
Egypt parliament approves Kuwaiti Fund’s $20 mln refugee support grant
Egyptian parliament has approved Monday a $20 million grant deal signed with the Kuwait Fund for Arab Economic…
Egypt to issue multi-billion pounds treasury bonds to finance state budget
Egypt’s Ministry of Finance will issue Sunday two treasury bonds totalling 3 billion Egyptian pounds ($340 million)…