IMF: Egypt’s economic growth likely to decrease to 3.3% in 2016
The International Monetary Fund (IMF) issued its World Economic Outlook (WEO) reports Tuesday forecasting Egypt’s…
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Financial Institutions
Fitch downgrades Saudi Arabia ratings to AA- from AA
Fitch Ratings downgraded Tuesday Saudi Arabia’s long-term issuer default rating to AA-from AA, and said its oil…
Brexit could cause severe damage; says IMF
The UK's exit from the European Union could cause "severe regional and global damage", the International Monetary…
Egypt’s SFD in talks over Saudi Fund’s $100mn finance
Egypt’s Social Fund for Development (SFD) is currently negotiating over Saudi Fund for Development’s $100 million…
Misr Insurance pays $1 million compensation for Egyptian Navigation Company
The leading insurer in MENA region, Misr Insurance Company has paid the state-run Egyptian Navigation Company (ENC)…
Misr Insurance renews Etisalat Egypt’s $901mn policy
The leading insurer in MENA region, Misr Insurance Company has renewed an insurance policy for the Egyptian arm of…
Egypt’s SFD to finance 3 youth-run projects in New Valley
Egypt’s Social Fund for Development (SFD) has signed Monday three memoranda of understanding to finance projects in…
FAIR heralds its life insurance forum in Cairo today
The Federation of Afro-Asian Insurers and Reinsurers (FAIR)’s Life Insurance Forum has started in Cairo Monday.…
IMF’s Lagarde dismisses claim that Greece is being pushed to default
Christine Lagarde, head of the International Monetary Fund (IMF), has hit back at Greece over claims that the IMF…
Greece demands IMF explanation over leaked debt transcript
Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript…