Audi Bank posts 1.020 bn pounds net profit in 2017
Lebanon’s lender Audi Bank posted a 48 percent rise in 2017 net profit to 1.020 billion Egyptian pounds from the…
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Managing Director
IMF chief says growth strong but countries must prepare for change
International Monetary Fund Managing Director Christine Lagarde said on Tuesday the global economy was showing…
LG Egypt targets $250m exports end-2017
LG Electronics Egypt aims at raising its exports to $250 million by the end of the current year, Don Kwack Managing…
Tatweer Misr to pump $169 mln into two major projects in 2017
Egypt-based property developer, Tatweer Misr plans to inject investments worth 1.5 billion Egyptian pounds ($169…
Samcrete’s IDG establishes 2 factories in East Port Said industrial zone
The Industrial Development Group (IDG) has finished establishing two factories of 10 within the first phase of…
Egypt’s Mokhtar Ibrahim develops 500 feddans in New Alamein City project
Egypt’s leading construction firm, Mokhtar Ibrahim, is currently developing 500 feddans of New Alamein City with…
Egypt’s Mokhtar Ibrahim develops 500 feddan New Alamein City project
Egypt’s leading construction firm, Mokhtar Ibrahim, is currently developing 500 feddans of New Alamein City with…
Swedish Tetra Pak seizes 70% of Egypt’s packaging market
Multinational food packing and processing company Tetra Pak captures 70 percent of Egypt's packaging market, Tetra…
Egypt’s SODIC says appoints new managing director
Egypt's SODIC has appointed Maged Sherif as managing director and board member, the country's third-largest listed…
Egypt’s SODIC says accepts resignation of managing director
The board of directors at SODIC has accepted the resignation of its managing director, Egypt's third largest…
Tourism Sector Will Boom In Coming Period: Travco Egypt Managing Director
Egypt’s tourism sector will rebound following the Sharm El-Sheikh Economic Summit which will send a positive…
SFD, World Bank present Funding Programme for Egypt Entrepreneurship Projects
During Sharm El-Sheikh conference, Egypt’s Social Fund for Development (SFD) will launch in partnership with the…
Cairo Festival City’s Phase II to cost EGP3bn, Licences after Two Weeks
UAE leading developer Al-Futtaim Group will receive a government licence to start the second phase of Cairo…
Egyptian Takaful to Apply Bancassurance Activity via Bank Audi in November
Managing Director of Egyptian Takaful Life Insurance Company Hisham Abdel Shakour said his company is seeking…
Egyptian Saudi Insurance House Assigns Al Baraka Bank to Receive its Underwrite
Egyptian Saudi Insurance House Managing Director Abdel-Raouf Kotb revealed that his company is contracting with Al…
Telecom Egypt’s CEO Nawawi Still in Office; Say Senior Sources
Senior sources in Telecom Egypt (ETAL-CA) denied what was circulated around Atef Helmy's Minister of Information…
Sudanese Insurance Eyes US$20mn Premiums in 3 Years
Managing Director of Sudanese Insurance and Reinsurance Company Hassan El Sayed said his company eyes US$20 million…
Royal Insurance-Egypt to Launch Mutual Fund with EGP50mn by October
Royal Insurance Company decided to launch new mutual fund for underwrite with EGP50 million initial capital by next…
Telecom Egypt Pays Visit to South Africa to Allure New Investors
Telecom Egypt (ETAL-CA)(TE) has paid Promotional visit to South Africa in order to allure more new investors ,…
Suez Canal Life Plans Launching New Product for Health Insurance
Suez Canal Life Insurance Company is planning launching new product for health insurance within the upcoming period…
Egyptian Takaful Insurance ‘Property’ Attains EGP25mn Profits in 6 Months
Egyptian Takaful Insurance Property's profits increased by 47.9% to become EGP25 million at the end of June 2014 in…
Mohandes Insurance Eyes EGP1.08bn Investment Portfolio in FY14/15
Mohandes Insurance and property Company is aiming boosting its investment portfolio to EGP1.08 billion by the end…
Telecom Egypt is still studying Investing in Unified Entity for Infrastructure
Telecom Egypt (ETAL-CA) (TE) is still studying entering and investing in ‘the establishment of a national entity…
Care Plus Insurance Attains EGP52mn Collected Premiums in FY13/14
Egypt's Care plus Health Care Insurance Company written total premiums of around EGP 52 million during the last…
Mohandes Insurance-Egypt Eyes EGP200mn Premiums by June
Managing Director at Mohandes Insurance and property Company said his company eyes boosting its premiums volume to…
Gras Savoye Egypt Eyes EGP50mn Premiums from Branches Abroad
Gras Savoye Insurance Broker - Egypt is targeting US$50 million premiums collected by its branches abroad within…
Arab Misr Insurance Group GIG Attains EGP367mn Premiums in FY13/14
Managing Director of Arab Misr Insurance Group (GIG) Mr. Alaa El-Zohairy said his company succeeded in attaining…
CIS Pays EGP15mn from Loan’s Value of SFD, Misr Insurance Holding
Managing Director of Cooperative Insurance Society (CIS) Refky Lotfy Rashed revealed that his society paid…
Arab Misr Insurance GIG Eyes EGP410mn Premiums in FY14/15
Managing Director of Arab Misr Insurance Group (GIG) Mr. Alaa El-Zohairy eyes attaining EGP410 million premiums…
Arab Orient Takaful Pumps EGP22mn to Increase Capital to EGP100mn
Managing Director of Arab Orient Takaful Insurance Mr. Mohamed Abdel Gawad said his company has pumped EGP22…
Wethaq Takaful Insurance Eyes EGP120mn Premiums in FY14/15
Wethaq Takaful Insurance Company eyes attaining EGP120 million premiums within the current fiscal year of…
Arab Orient Takaful May Attain EGP240mn Premiums by 2014-End
The total expected premiums of Arab Orient Takaful Insurance company by the end of the current year2013/2014…
AAA Contracts with AJG to Become Its Local Agent in Egypt’s Market
Allied Arab Assurance Brokerage (AAA) succeeded in signing cooperation agreement with Arthur J. Gallagher insurance…
Egyptian Takaful Insurance Eyes Attaining EGP340 Premiums in FY14/15
Egyptian Takaful Insurance Company eyes attaining EGP340 million premiums within the upcoming fiscal year of…
Egyptian Takaful Insurance Eyes EGP410mn Investments in FY14/15
Managing Director of the Egyptian Takaful Insurance Company (Property) Ahmed Arfeen revealed that his company eyes…
Gulf Insurance Group Eyes Boosting its Stake to 60% in Egyptian Takaful
Managing Director at the Egyptian Takaful Insurance (Properties) Ahmed Arfeen revealed that Gulf Insurance Group…
Misr Insurance Launches Mutual Fund with EGP100mn in June-End
Managing Director of Misr Insurance Company Adel Moussa said his company is planning launching mutual fund with…
Takaful Life Insurance Awaits CBE’s Approval for Protocols with 3 Banks
Egyptian Life Takaful Insurance Company awaits the approval of the Central Bank of Egypt (CBE) in order to start…
4 Firms Compete to Seize Share from Mobinil’s Transmission Towers
Egyptian Company for Mobile Services (Mobinil) (EMOB) selected four firms among the final list of acquisition bid…
Libano Suisse Insurance seeks EFSA’s Approval of 2 New Products
Libano - Suisse Takaful Insurance Company is intending to hold talks with Egyptian Financial Supervisory Authority…