The capital volume of insurance companies', working in Egypt, reached 8.8 billion Egyptian billion pounds in the last fiscal year 2016/2017, according to Egyptian Financial Supervisory Authority's report.
These numbers compared to 6.3 billion pounds (...)
Egypt's Misr Real Estate Development, owned by Misr Insurance Holding, says it has received technical and financial offers from 6 consulting offices to execute the design of a residential flagship in new administrative capital.
The project is with (...)
Egypt's El-Taamir Mortgage Finance Company- Al-Oula expected that the country's real estate sector will rank 1st in terms of attracting investments within the upcoming period, said its chairman Hassan Hussein on Saturday.
This real estate sector is (...)
Egyptian Mohandes Insurance Company says it has won a policy bid to insure a number of construction, residential, and road flagships worth 10 billion Egyptian pounds ($565.3 million) in the county's new administrative capital city.
The utilities (...)
Egyptian composite insurer Suez Canal Insurance (SCI) says it has won a policy bid to insure a number of new flagships worth five billion Egyptian pounds ($282.3 million) in New El Alamein City, northwest of Cairo.
These projects will include the (...)
Egyptian Life Takaful-GIG seeks to promote its insurance service through Misr Iran Development Bank 20 branches within two years of activating the bancassurance agreement, the managing director of GIG Ramah Asaad said.
The company seeks to promote (...)
Egyptian Life Takaful Company – GIG has received the final approval by the Central Bank of Egypt and the Financial Supervisory Authority to offer insurance services through National Bank of Abu Dhabi branches.
The bancassurance agreement will go (...)
Islamic finances in Egypt recorded 222 billion Egyptian pounds (US$12.4 billion), thus Islamic banking garners 6 % of the market share, Mohamed Al-Beltagy – Chairman of the Egyptian Islamic Finance Association said.
She said on the side lines of (...)
Egypt's Misr Life Insurance has initially agreed with Arab African International Bank (AAIB) so that the latter would contribute with 49 percent in the new takaful insurance company capital.
Misr Insurance Holding's Chairman Mohamed Youssef said (...)
Total assets of QNB Alahli Life Insurance, one of the leading bancassurance players in the Egyptian market, rose 5.7 percent y-o-y to1.85 billion Egyptian pounds at the end of quarter one of this year.
The company, part of QNB Alahli Bank, generated (...)
*Abo Al-Elaa: We Got EFSA's Initial Ok To Submit Healthcare Bill To Shura Council In July
*Abo Al-Maged: Medical Insurance's Growth Rates Climb 7%...New Law Supports It In Markets
*Maged: Lack of Medical Insurance's Awareness, Clients' default in (...)
The installments of EL-Sudan Branch recorded 30 million pounds during 2012. And 40% growth rate
We intend to expand in Libya and Jordan and the mother company to expand soon in 4 African countries.
Hamed Mabrouk, Managing Director of Gras Savoye (...)
We are the Seventh among 300 Arab companies – To be the lead is our Goal
We have 37% of the market share, with eye-boosting premiums to EGP3 billion in 2015
We awaits EFSA's Approval to offer 4 Upcoming New Products in the Coming Period
Saeed Gabr, (...)
Re-insurance companies are going through difficult stages that will be encountered by innovative mechanisms.
The rise of Islamic movements on the Arab countries contributes to increase Takaful insurance activities.
"Africa Re": $ 770 million (...)
Dr. Nagwa Khalil, Minister of Insurance and Social Affairs, is considering new changes in the ministry's leaderships during the forthcoming period to promote the level of the provided services.
In a statement issued Saturday, the minister elaborated (...)
Misr Insurance Company achieved a volume of EGP 2.84 million written premiums during the first nine months of the current fiscal year 2011 / 2012.
Total net premiums reached EGP 1.465 billion by the end of the third quarter of this fiscal year, (...)