Egyptian Takaful Property and Liability Insurance plans to commit around $500,000 to the capacity subscription of the country's insurance pool designed to insure anticipated nuclear facilities and projects.
EGYTAK has informed the insurance pools (...)
Egypt's first government-owned takaful insurance company is expected to commence operations within six months, Egyptian Minister of Public Sector Affairs Ashraf El-Sharkawy said on Sunday.
Until then, the Ministry of Public Sector Affairs will work (...)
Egypt's Misr Insurance has won for the third year in a row the insurance policy tender launched by state-run Egyptian Natural Gas Company (GASCO).
GASCO's policy is a two-year term, with total sum insured exceeding 50 billion Egyptian pounds ($2.8 (...)
Egypt's Iskan Insurance Company and Allianz Egypt are assigned to cover the Egyptian electronic payment gateway E-Finance's ATMs nationwide, said Smart for Insurance Brokerage (SIB) on Saturday.
Iskan will provide the insurance cover for E-Finance's (...)
Egypt's Iskan Insurance Company says it has renewed its reinsurance agreements for the financial year 2017/2018.
The Egyptian company has renewed the agreements with a group of foreign reinsurers, in which the Germany's Hannover Re is the leader, (...)
State-run Egyptian Natural Gas Company (GASCO) is trading off among eight insurers seeking to win a mandate to provide insurance cover for the company's assets and property.
GASCO's policy is a one-year term, with total sum insured exceeding 50 (...)
Egypt's Cotton and Textile Industries Holding Company says it targets a three percent increase in total revenues to reach around 41 million Egyptian pounds ($2.2 million) within the financial year 2017/2018.
Chairman Ahmed Moustafa said Tuesday that (...)
Egyptian Holding Company for Pharmaceuticals (HoldiPharma) says it targets an 11.5 percent increase in net profit to reach 145 million Egyptian pounds ($8 million) within the financial year 2017/2018.
The company also plans to boost revenues by 7.5 (...)
Egypt has held a long-awaited international tender for the refurbishment of the country's largest public companies, Egyptian Iron and Steel Company (HADISOLB), the company announced Monday.
Submission of bids will be until July 18th, 2017, HADISOLB (...)
Three insurers are competing to win this year's pilgrimage travel insurance cover tender launched by the Egyptian Ministry of Interior, sources with knowledge told Amwal Al Ghad on Thursday.
The tender involves cover for hajj pilgrim delegation (...)
Misr Insurance Company's investments in the Egyptian stock exchange rose 212 percent to record 5.3 billion Egyptian pounds ($294.5 million) at the end of 2016, the company's investment chief executive on Saturday.
In 2015, investments stood at 1.7 (...)
Misr Insurance Company has won a tender to provide insurance cover for Etisalat Misr, the Egyptian arm of UAE telecommunications firm Etisalat, sources with knowledge told Amwal Al Ghad on Sunday.
The policy is designated to cover Etisalat Misr's (...)
Egypt's Misr Life Insurance has renewed a medical insurance cover designated for the Egyptian Gulf Bank's (EGB) employees and their families, the insurer's chairman Ahmed Abdel-Aziz announced Thursday.
EGB's policy will cover the costs of hospital (...)
Egypt is planning to provide health insurance electronically to citizens in three governorates as first phase, Minister of Communications Yasser El-Qady announced Tuesday.
The three governorates that the ministry is studying offering this new (...)
Egyptian Takaful Property and Liability Insurance (EGTAK) has renewed an insurance coverage agreement with the state-run United Bank of Egypt for the third consecutive year.
According to the agreement, the United Bank's insurance policy is a (...)
Egyptian Takaful Property and Liability Insurance (EGTAK) has renewed an insurance coverage agreement with the state-run United Bank of Egypt for the third consecutive year.
According to the agreement, the United Bank's insurance policy is a (...)
Egypt's Orient Takaful Insurance Company has renewed an insurance coverage agreement with Hilton Hotels Group for hotels in Hurghada and Alexandria cities, an official in Orient announced Monday.
According to the agreement, Hilton's insurance policy (...)
Egypt's state-owned Misr Insurance Company announced Saturday that net profit rose 21.91 percent to 302.3 million Egyptian pounds (around $17 million) during the first quarter of 2016-2017 financial year.
Earlier, net profit stood at 247.974 million (...)
Japanese handset manufacturer and smartphone brand Freetel announced Tuesday that it brought its device lineup into Egyptian market, by entering into a strategic agreement with Unicom Egypt.
Freetel signed the agreement with Unicom to introduce the (...)
Egypt's Orient Takaful Insurance Company has won a tender to provide insurance cover for Nestlé Egypt's ice cream factory, chief executive Mohamed Moustafa Abdel Rasoul announced Wednesday.
Nestlé's policy is with total sum insured of $150 million, (...)
Egypt's Holding Company for Tourism and Hotels (HOTAC) is set to inaugurate El Tahrir Hotel within this January as a part of the company's plan to inject new investments.
Egyptian Minister of the Public Business Sector Ashraf El-Sharkawy announced (...)
Egypt's Orient Takaful Insurance Company is studying to launch two new products in the market, one for medical insurance and the other for microinsurance, an official said Wednesday.
The anticipated medical insurance product is set to provide new (...)
Egyptian composite insurer Suez Canal Insurance has renewed reinsurance agreement for 2017 with Germany's Hannover Re, its general manager Ahmed Shehab said Monday.
Shehab further told Amwal Al Ghad that the Germen reinsurer has renewed contracts (...)
Egypt-based Misr Insurance Company has renewed reinsurance agreements for 2017 with a list of major reinsurers, chairman Adel Mousa announced Thursday.
Misr Insurance has increased its capacity for each agreement to $200 million, Mousa added.
"We (...)
A.M. Best has affirmed Thursday the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" of Egypt's Misr Insurance Company (MIC).
The outlook of these credit ratings is stable, A.M. Best said in a statement on (...)