S&P cuts its outlook on 3 Egyptian banks from ‘positive’ to ‘stable’
Standard & Poor's (S&P) Ratings Services has revised Tuesday its outlook on the Commercial International…
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Financial Institutions
Egypt’s insurance holding eyes alluring foreign partners to form takaful arm
Misr Insurance Holding Company is in talks with strategic partners from UAE and Southeast Asia to participate in…
S&P cuts Egypt credit outlook to stable on lower Gulf support
The outlook on Egypt’s credit rating was cut Friday to stable from positive by Standard & Poor’s amid…
IMF says Russian plane crash could significantly impact Egypt’s tourism
The crash of the Russian plane over the Sinai Peninsula could have serious repercussions on Egypt’s…
Egypt to issue €700 million 1-year t-bill
Egypt's central bank is issuing a €700 million 1-year Treasury bill, it announced in a statement Thursday. The…
Russian plane crash ‘credit negative’ for Egypt: Moody’s
The recent Russian plane crash in Sinai Peninsula is “credit negative” for Egypt, and will weigh on its tourism…
Misr Insurance expects A.M. Best’s credit rating in mid-December
Egypt-based leading insurer Misr Insurance Company – Non-life is expecting to receive its credit rating from A.M.…
Misr Insurance starts talks for 2016 reinsurance agreements
Egypt-based Misr Insurance Company has started negotiations to renew its reinsurance agreements for the year 2016…
Egypt starts 3rd Partnership for Development Initiative to support leasing sector
One of Egypt’s biggest institutional initiatives, Partnership for Development is launching Tuesday its third…
Egypt has no plans for IMF loan – official
Cairo asserts once again its plans not to seek a loan from the International Monetary Fund following some reports…