Egypt inks deal worth $1.5bn with Saudi fund for Sinai development
Egypt signed Sunday a $1.5 billion agreement with the Saudi Fund for Development (SFD) to finance development in…
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Financial Institutions
Orient Takaful wins Automech Formula 2016 show’s $11.3mn insurance policy
Egypt’s Orient Takaful Insurance Company has won an insurance policy bid for the current edition of the Automech…
Misr Life wins Egyptian cigarette maker’s medical insurance bid
The leading life insurer in MENA region, Misr Life Insurance has won a medical insurance policy bid launched by…
EFSA to discuss the future of microfinance at 2nd Microfinance Egypt Forum
The issuance of the microfinance law last year was part of President Sisi’s strategic objective to improve economic…
JP Morgan sees devaluation of Egyptian Pound by 35% in 2016
US-based financial services firm, JP Morgan forecasts that the Egyptian pound will be devalued by 35 percent in…
Egypt endorses AMF’s $243.8mn loan to support national economy
Egyptian Cabinet has endorsed Wednesday a 59.16 million Kuwaiti dinars ($243.8 million) loan from the Arab Monetary…
Egyptian women entrepreneurs control 44% of SFD’s micro projects
Women entrepreneurs are controlling 44 percent of micro businesses supervised by the Social Fund for Development…
Kuwait Fund says to pump $300mn into Egypt this year
Kuwait Fund for Arab Economic Development (KFAED) is planning around $300 million developmental assistance package…
Kuwait Fund signs $108mn loan for Egypt’s South Helwan power project
Egypt has signed Tuesday a 30 million Kuwaiti dinars (around $108 million) loan with the Kuwait Fund for Arab…
Egypt’s SFD gears up for 18th Microcredit Summit in UAE
Egypt’s Social Fund for Development (SFD) is sending a high-level delegation to take part in the 18th Microcredit…