Misr Insurance Holding Company is in talks with strategic partners from UAE and Southeast Asia to participate in founding new Takaful insurance company in the Egyptian market.
Speaking to Amwal Al Ghad, Basel Al Hiny - executive member for financial (...)
The total investments of Egyptian insurance firms increased 14.6 percent, recording 48.5 billion Egyptian pounds (US$6.1 billion) in 2014 versus 42.5 billion pounds in 2013, Investment Minister Ashraf Salman said Monday.
He asserted that large (...)
The Egyptian Financial Supervisory Authority (EFSA) is to send the new draft law for Insurance Supervision and Control to Investment Minister Ashraf Salman within days, Chairman Sherif Samy said Monday.
Samy made these remarks of the sidelines of (...)
The total revenues of Misr Insurance Holding Company (MIHC)'s affiliates hit 7 billion Egyptian pounds (US$10.7 billion) at the end of June 2015, CEO Mohamed Youssef said Saturday. In comparison, affiliates' total revenues had reached 6.5 billion (...)
The total volume of compensations paid by insurance firms working in Egyptian market hit EGP 6.442 billion (US$ 817.3) at the end of first quarter versus EGP 5.233 billion at the same period of 2014, marking 23% growth rate.
The monthly reports of (...)
The total volume of Insurance companies' capitals has increased to 5.917 billion Egyptian pounds (US$ 762 million) at the end of third quarter of Fiscal year 2014-15, Egyptian Financial Supervisory Authority (EFSA) said Saturday.
EFSA's monthly (...)
Egypt's Wethaq Takaful Insurance's total assets have been increased by 13.1% at the end of fiscal year 2014-15, General Manager of Financial and Administration Affairs Abd El Aziz Labib said Wednesday.
Speaking to Amwal Al Ghad, the official said (...)
French AXA Insurance Company has acquired 100 percent of the Commercial International Life Insurance Company (CIL) for 673 million Egyptian pounds (€88 million), AXA announced Sunday.
AXA is a multinational, investment banking firm headquartered in (...)
Egyptian Financial Supervisory Authority (EFSA) has endorsed investments worth EGP2 billion (US$ 255.3 million) for private insurance funds within the first five months of 2015.
In its monthly report, EFSA announced that the ratified investments (...)
Arab Misr Insurance Group (GIG) targets boosting the volume of its total premiums to reach EGP 480 (US$ 61.3million) during fiscal year 2015-16, Managing Director Alaa El-Zohairy said Wednesday.
El-Zohairy told Amwal Al Ghad that GIG is to announce (...)
Egypt's second largest state-run bank, Banque Misr (BM) is looking forward to registering a one billion Egyptian pounds growth to eventually hit 3.5 billion pounds (US$ 458.8 million) of net profits within the current fiscal year 2014/15, Chief (...)