Egypt prepares for 8th Cairo Water Week with 95 international organizations set to participate    Sarwa Securitization Hits EGP 35.3bn with Latest Bond Deal    China dangles $1trn investment in bid to reset US trade policy: Bloomberg    Sanae Takaichi wins ruling party leadership, set to become Japan's first female PM    Saudi German Health Expands Mayo Clinic Partnership, Becomes Region's Largest Member Group    Egypt central bank deploys AI tools to track inflation, map informal economy: governor    Egypt's stocks record strong gains in September, EGX30 up 4.33%    Egypt approves 776,379 state-funded treatment decisions in July–August    Egypt launches waste reduction plan in Port Said with Japan's JICA    Telecom works near Grand Egyptian Museum cause brief Cairo service outage: NTRA    Egypt drug regulator, Organon discuss biologics expansion, investment    Suez Canal Authority urges Maersk to resume transits, citing strategic role in global trade    Gaza death toll surpasses 66,000 as Israel tightens siege, 'Freedom Flotilla' nears coast    Egypt's PM addresses parliament on Al-Sisi's objections to criminal procedures bill    Egypt's Al-Sisi reaffirms state's commitment to judicial independence    Alameda launches Egypt's largest private-sector medical conference    A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt's foreign minister says Ethiopia's Nile dam policy is 'destabilising'    Egypt to host men's, juniors' and ladies' open golf championships in October    Egypt's President Al-Sisi pardons activist Alaa Abdel Fattah, 5 others    Egyptian Writers Conference announces theme for 37th session    Egypt's Al Ismaelia wins heritage award for Downtown Cairo revival    Egypt's PM heads to UNGA to press for Palestinian statehood    Egypt condemns terrorist attack in northwest Pakistan    Egypt's foreign minister holds talks on reviving Iran nuclear negotiations    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Misr Insurance Holding affiliates record revenues $11bn at end-June
Eslam Salah Eslam Abd El Hameed Published in Amwal Al Ghad on 10 - 10 - 2015

The total revenues of Misr Insurance Holding Company (MIHC)'s affiliates hit 7 billion Egyptian pounds (US$10.7 billion) at the end of June 2015, CEO Mohamed Youssef said Saturday. In comparison, affiliates' total revenues had reached 6.5 billion pounds at the end of June 2014.
The CEO made those remarks during his meeting with Minister of Investment Ashraf Salman, Adel Moussa – chairman of Misr Insurance Company; Mohamed Ghazy – chairman of Misr Life Insurance Company; and Mohamed Hassan Hanafy – chairman of Misr Asset Management Company. The insurance officials discussed with minister Salman the performance of insurance firms and their visions for the upcoming three years.
The meeting was attended by a number of investment ministry officials.
Youssef stated that the revenue of current activity for MIHC's affiliates have increased by 5 percent recording 1.9 billion pounds in July and August 2015 opposed to 1.8 billion at the same period of 2014.
He added that the net profit before taxes and interests has been boosted 10 percent reaching 160 million pounds in July-August 2015 compared to 146 million pounds at the same period of 2014.
During the meeting, Youssef has discussed future plans of MIHC and affiliates till 2017-18. The plans include high-profile goals, development strategies of firms, challenges they face with solutions in addition to the targeted investment projects.

Clic here to read the story from its source.