French AXA Insurance pumps $6.8 million into CIL Egypt’s capital
French insurance group AXA has completed pumping 60 million Egyptian pounds ($6.8 million) into its…
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Financial Institutions
Egypt’s SFD negotiating Arab Fund for $50 million finance package
Egypt’s Social Fund for Development (SFD) is negotiating a $50 million financing package from the Arab Fund for…
Egypt’s SFD negotiating $300 million finances from World Bank, Saudi Fund
Egypt’s Social Fund for Development (SFD) is negotiating a $300 million financing package from the World Bank and…
AXA to reduce costs to boost earnings by 3%-7%
French Insurance giant AXA released Tuesday its strategic plan for the next four years, saying it will cut costs,…
Lagarde: Brexit risk ‘concerns the whole world’
The potential risk of a Brexit after the June 23 referendum on European Union (EU) membership is "a concern for the…
‘Negative and substantial’ impact on UK if it leaves EU; says IMF
Should U.K. voters choose to leave the European Union (EU) in a referendum this week, the net economic effects…
Misr Insurance wins Elsewedy Cables’ $38.3 mln medical insurance policy bid
The leading insurer in MENA region, Misr Insurance Company has won a medical insurance policy bid launched by…
A.M. Best upgrades African Reinsurance’s rating to A
A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit…
Egyptian Takaful non-life wins South Cairo and Giza Flour Mills’ policy bid
Egyptian Takaful Property and Liability Insurance (EGTAK) has won a policy bid for South Cairo and Giza Mills and…
Takaful captures 7.6% of total insurance compensations in Egypt
The Egyptian takaful insurance companies have managed to capture 7.6 percent of the total insurance compensations…