A.M. Best assigns ‘BBB’ rating to Egypt’s state insurance firms
A.M. Best has assigned Monday evening a financial strength rating of B++ (Good) and an issuer credit rating of…
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Financial Institutions
Egypt inks €10 EU grant for Pollution Abatement Programme
Egypt signed Friday a €10 million grant from the European Union in favour of the third part of the Egyptian…
Fitch affirms Egypt at ‘B’, with ‘Stable’ outlook
Fitch Ratings affirmed Friday Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B' with…
Egypt seizes lion’s share of Int’l Islamic Trade Finance Corp’s finances
Egypt captures the lion’s share of the International Islamic Trade Finance Corporation’s funding programmes,…
GIG Insurance renews reinsurance deals with Germany’s Hannover Re
Egypt's Arab Misr Insurance Group (GIG) has renew reinsurance contracts for further one year with Germany’s…
Italy to grant Egypt soft loan worth $45mn to support SMEs
Italy plans to secure €45 million for the support of the development of Egypt’s private sector and small and…
UAE’s SALAMA family takaful unit starts operations in Egypt today
The Dubai-headquartered Islamic Arab Insurance Co (SALAMA)’s new family takaful provider in Egypt, Misr Emirates…
Japan’s JICA grants $14 million for Egypt pediatric medical project
Egypt signed Monday evening a ¥1.560 billion (US$14 million) grant with the Japanese International Corporation…
Misr Insurance wins Egypt watchdog’s medical insurance policy bid
The leading insurer in MENA region, Misr Insurance Company has won a medical insurance policy bid launched by…
EU grants €62 million for wastewater, education programmes in Egypt
Egypt signed Thursday €62 million (US$68 million) grants from the European Union to support developmental projects…