IMF approves third disbursement of $114.6mn to Ghana
The International Monetary Fund's board approved Wednesday a third disbursement of $114.6 million under Ghana's…
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Financial Institutions
Africa Re to establish HQ in Egypt
African Reinsurance Corporation (Africa Re), Africa’s leading reinsurer, is to inaugurate a new headquarters in…
Egypt’s health insurance premiums hit $119 million in June 2014
Health insurance premiums in Egypt have surged to 934 million Egyptian pounds (US$119 million) by the end of June…
4th Regional Forum for Medical Insurance and Healthcare kicks off in Cairo
The Fourth Regional Forum of Medical Insurance and Healthcare has kicked off in Cairo Sunday, organised by the…
SFD in talks with Bank Audi-Egypt over $4mn-contract for SMEs
Egypt's Social Fund for Development (SFD) is negotiating with Bank Audi –Egypt on new contract estimated at 30…
Compensations of Egypt’s Takaful insurance firms hit $63mn in 10 months- EFSA
The Takaful insurance companies working in the Egyptian market have paid compensations estimated at 494.8 million…
Egyptian Takaful Property wins Egypt GAFI’s $89mn insurance policy bid
Egyptian Takaful Property and Liability Insurance (EGTAK) has won an insurance policy bid launched by the country’s…
SFD Egypt, IDWBE and PBDAC banks to sign $12.7mn finances in Q1
Egypt’s Social Fund for Development (SFD) plans to sign funding contracts worth 100 million Egyptian pounds…
Sisi’s fund to establish $255mn holding company for SMEs
The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national…
SAIB Bank to ink first Shariah-compliant deal with SFD Egypt early 2016
Societe Arabe Internationale de Banque (SAIB) will be signing its first Shariah-compliant agreement upon the…