Africa Re’s investments in Egypt hit US$25 million
African Reinsurance’s investment portfolio in Egypt currently stands at US$25 million, equivalent to 195.7 million…
Browsing Tag
Financial Institutions
Leasing sector in Egypt grows 193% in 10 months – EFSA
The volume of leasing contracts has jumped 193 percent within the first ten months of 2015, Sherif Samy -chairman…
AFD, Egypt to sign €20.35mn agricultural SMEs grant next December 6th
Egypt and the French Development Agency (AFD) are to sign a €20.35 million grant for the Support for Agricultural…
Misr Insurance awarded $383mn policy for money transfer firm in Alexandria
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets and properties…
Moody’s: Egypt’s ailing economy increases credit risk, 1-year EDF ups
Moody's Investors Service said in its latest report that the recent deterioration in Egypt’s economic outlook has…
IMF’s yuan inclusion signals less risk taking in China
When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest…
IFC invests in Egypt’s Sphinx Glass to boost manufacturing sector
International Finance Corporation (IFC), a member of the World Bank Group, is investing in a 20 percent equity…
Misr Insurance wins $255mn policy for steel firm in Alexandria
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets and properties…
French AXA Insurance gets regulatory approval to buy Egypt’s CIL
French insurance group AXA received approval from the Egyptian Financial Supervisory Authority (EFSA) to acquire…
Market regulator approves Suez Canal Insurance’s $6.4mn fund
Egypt's leading composite insurer, Suez Canal Insurance has obtained a regulatory approval to establish its cash…