S&P downgrades China credit outlook to ‘negative’
Standard & Poor's Ratings Services cut Thursday its outlook on China to negative from stable, saying the…
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Financial Institutions
Egypt’s SFD studies $1.1bn commitments to solar sector
Egypt’s Social Fund for Development (SFD) is studying a 10 billion Egyptian pounds ($1.1 billion) commitment to a…
GIG Egypt Insurance to request new credit rating from A.M. Best
Egypt’s Arab Misr Insurance Group – GIG will start next month negotiations with A.M. Best rating agency to receive…
Sawiris’ Beltone Financial acquires Arab Finance for $2.6mn
The board of directors of Beltone Financial Holdings (BFH) approved the 100% acquisition of Arab Finance for 23…
Egypt’s SFD in loan talks with World Bank, AfDB, JICA: official
Egypt’s Social Fund for Development (SFD) is currently in talks with some international institutions, notably the…
IFAD loans Egypt $70mn for agriculture projects
The International Fund for Agricultural Development (IFAD) is financing Egypt’s Sustainable Agriculture Investment…
IMF: War, oil rout erode Middle East, Central Asia growth prospects
Wars and depressed crude oil prices have diminished growth prospects for the Middle East and central Asia, and…
Tokio Marine Egypt General Takaful plans 56% rise in investments this FY
Insurer Tokio Marine Egypt General Takaful plans to increase its investments in the country by 56 percent in the…
Fitch says Egypt pound devaluation ‘credit positive’, economic challenges remain
Decisions by the Central Bank of Egypt (CBE) last week, including a devaluation of the Egyptian pound, are broadly…
AXA says CEO De Castries to step down
French insurance giant AXA SA announced Monday that its Chairman and Chief Executive Henri de Castries will step…