IMF wants Greece off bailout loan hook until 2040
The International Monetary Fund (IMF) is pressing the eurozone to let Greece skip paying interest or principal on…
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Financial Institutions
Iskan Insurance wins Sheraton Tirana Hotel policy bid
Cairo-based Iskan Insurance Company has won a policy bid for Sheraton Tirana Hotel in Albania, a senior source in…
S&P cuts Egypt’s credit outlook to ‘negative’ on finance pressure
Standard & Poor's rating agency has on Friday cut Egypt’s credit outlook to negative from stable. The Global…
Takaful seizes 12.77% of total insurance premiums in Egypt
The Egyptian takaful premiums have managed to capture in two months around 12.77 percent of the total insurance…
IMF: Egypt surpasses South Africa as second largest economy in Africa
Egypt has surpassed South Africa as the second largest economy in Africa, the International Monetary Fund (IMF)…
Willis’s profits hit $1.7 billion following Gras Savoye acquisition
The multinational insurance brokerage, Willis Towers Watson (WTW) registered $1.7 billion in profits after its…
Egyptian Takaful Non-life, Hannover Re to start reinsurance talks in June
Egyptian Takaful Property and Liability Insurance (EGTAK) will start early this June talks to renew its reinsurance…
Africa Re to convene next June to set its 2016 budget
African Reinsurance Corporation (Africa Re), Africa’s sole reinsurer, has paid compensation worth $346.18 million…
AfDB current portfolio with Egypt’s SFD hits $225 million
The African Development Bank (AfDB)’s current portfolio for Egypt’s Social Fund for Development (SFD) has reached…
Suez Canal wins Egypt Anode’s $30 million insurance policy bid
Egypt’s leading composite insurer, Suez Canal Insurance Company has won a policy bid launched by the country’s coke…