Fed should not rush its rate rise decision: IMF’s Lagarde
The U.S. Federal Reserve should not rush its decision to raise interest rates and should move only when it is…
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Financial Institutions
AXA’s Egypt portfolio to hit 1.5bn Egyptian pounds in 3 years
French AXA Insurance Company is to invest some one billion Egyptian pounds (US$127.7 million) in their first year…
Moody’s: Eni gas find to alleviate Egypt’s BoP pressures
Italian energy giant Eni’s discovery of a large offshore natural gas field in the eastern Mediterranean off the…
IMF: Egypt’s ‘supergiant’ gas discovery to improve its energy position
Egypt’s supergiant natural gas discovery has the potential to improve its energy position and will contribute more…
IMF’s Lagarde warns of spillover risks from recent volatility
Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next,…
IMF’s chief sees weaker-than-expected global economic growth
Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund…
Four local insurers competing for New Suez Canal’s insurance policy
Four Egyptian insurers are competing for an insurance policy designated for a project to build a tunnel under the…
Goldman takes a knife to China GDP forecasts on Monday
Goldman Sachs slashed Monday its forecasts for China's growth over the next three years amid broadening pessimism…
Misr Insurance commits US$10mn to Egyptian reinsurance firm’s capital
The leading insurer in MENA region, Misr Insurance Company is to commit around 5 percent equivalent to US$10…
Misr Life Insurance: premiums 9% higher in July
Misr Life Insurance Company has posted a 9 percent y-o-y growth to 203.5 million Egyptian pounds (US$25 million)…