Egypt launches first microinsurance company
A groundbreaking partnership signed on Thursday between Post for Investment Company and AXA Egypt has resulted in…
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Insurance
EBRD invests €5m in first Tier 3 subordinated bond by Slovenia’s Sava Re
The European Bank for Reconstruction and Development (EBRD) is investing €5 million in the inaugural debt capital…
S. Arabia’s GDP down by 0.3% in Q2 ’24
Saudi Arabia’s real GDP declined by 0.3 per cent in Q2/2024, while seasonally adjusted GDP increased by 1.4 per…
Egypt delivers free medical care for 3.3m people in ’22
Egypt provided free-of-charge medical care for over 3.3 million people in 2022, at a total cost of 14.4 billion…
Egypt mulls issuing bonds in UAE, India currencies
The Egyptian government is considering issuing bonds in Emirati dirhams, Indian rupees, and Hong Kong dollars for…
$95bln insurance losses from natural disasters in ’23
Natural disasters, including earthquakes in Turkey and Syria and storms in the United States, resulted in an…
Ericsson targets 50% of mobile wallets in Africa
Ericsson AB, a manufacturer of 5G networks globally, is expanding a financial technology company that facilitates…
Afreximbank signs $10 million facility deal with Zambia’s IGI
The African Export–Import Bank (Afreximbank) has signed on Sunday a $10 million facility agreement with Zambian…
AM Best assigns national scale rating of aa.EG to Suez Canal Insurance
AM Best has on Thursday has assigned the Egypt National Scale Rating (NSR) of aa.EG (Superior) to Suez Canal…
AM Best affirms GIG Insurance Egypt credit rating at bbb+
AM Best affirmed on Wednesday GIG Insurance – Egypt’s (GIG-Egypt) financial strength rating of bbb+ (Good) and the…
