Gulf firms under pressure from low oil price; says S&P
Companies in the six Gulf Arab states are under pressure as governments reduce spending in response to a slump in…
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Financial Institutions
Egypt returns to international market through ‘successful’ Eurobond issuance – IMF
Egypt has returned to international markets through the successful issuance of a US$1.5 billion Eurobond, said…
SFD’s SMEs funds hit $383mn at August-end
The total funds of Social Fund for Development (SFD) for Small and Medium-sized Enterprises (SMEs) worth 3 billion…
Arab Monetary Fund grants Egypt $339mn-loan
The Arab Monetary Fund (AMF) has signed an agreement with Egypt to provide new loan worth Dinar 78.880 million (US$…
AXA: Insurers’ greater presence ‘pivotal’ to insure foreign investments in Egypt
French insurance group AXA’s Deputy CEO Denis Duverne stresses the importance of expanding into the Egyptian…
Brazil loses investment-grade rating from S&P
Standard & Poor's on Wednesday stripped Brazil of its investment-grade credit rating in a move that calls into…
Delta Insurance Company assets hit $128mn end June 2015
The total assets of Delta Insurance Company have been increased by 9.6% at the end of fiscal year 2014-15,…
IMF chief urges troubled Tunisia to press on with reforms
IMF chief Christine Lagarde urged Tuesday Tunisia, whose vital tourism sector has been hard hit this year by deadly…
Iraq starts roadshow Thursday for international bond
Iraq's government will start an investor roadshow Thursday for its first international bond issue in nine years,…
Minister: Egypt to return to international bond market in H1 2016
Egypt is to return to the international bond market in the first half of 2016, the country's finance minister said…