Iraq revives $2 billion bond sale scheme
Iraq has revived a plan to sell $2 billion in bonds in 2016 as the government is containing the threat posed by…
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Financial Institutions
Insurance firms premiums reach $2bn in 10 months- Egypt’s regulator
The total value of Egypt's insurance companies premiums hit 14.6 billion Egyptian pounds (US$1.8 billion) at the…
GIG Insurance boosts capital to $22mn, plans more branches
Egypt's Arab Misr Insurance Group (GIG) has injected 15 million Egyptian pounds into its capital to reach 175…
Germany’s Hannover Re renews reinsurance contracts with Egyptian Mohandes Life
Egypt-based Mohandes Life Insurance Company has renewed reinsurance contracts for 2016 Germany’s Hannover Re, an…
Egyptian Misr Insurance Holding investments hit $5bn
The total investments of Egypt's Misr Insurance Holding Company reached around 36 billion Egyptian pounds…
Tokio Marine’s non-life Egypt arm launches three insurance products
Tokio Marine Egypt General Takaful is launching three news products in the Egyptian market, managing director…
EXCLUSIVE: Arab funds’ shares for Sinai development projects
Arab funds have determined the size of their contributions, totalling US$1.5 billion, to development projects in…
India’s GIC Re renews reinsurance deals with Egypt’s Wethaq Takaful
Egypt’s Wethaq Takaful Insurance has renewed its reinsurance treaties for 2016 with India-based the General…
GIG Insurance named best non-life insurance company in Egypt
Arab Misr Insurance Group (GIG) has been awarded as the best non-life insurance company in Egypt for 2015 by Global…
SFD Egypt targets 30% rise in 2016 micro-finances
Egypt’s Social Development Fund (SFD) is planning to raise its micro-finance activities by 30 percent in 2016, an…