The value of securitisation bonds issuance was recorded at 24.1bn in 2020 Egyptian pounds, compared to 22.1billion pounds in 2019, Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA).
Omran's remarks came during an online (...)
The volume of finances allocated for micro-sized projects has reached 18.7 billion Egyptian pounds by the end of 2020; up 13.3 percent when compared to the earlier year, according to the Financial Regulatory Authority Chairman.
Some 3.2 million (...)
EFG Hermes Finance, part of Egyptian investment bank EFG Hermes, plans to complete its anticipated takeover of Tokio Marine Egypt Family Takaful within the second quarter of the year, its chief executive said on Monday.
EFG Hermes Finance seeks to (...)
Egypt's mortgage finance activity recently rose to 11.5 billion Egyptian pounds ($711.7 million) from 500 million pounds in 2009, chairman of Financial Regulatory Authority (FRA) said on Tuesday.
"Microfinance activity (in Egypt) increased to around (...)
Egyptian Financial Supervisory Authority (EFSA) revealed that the total insurance premiums value reached EGP14 billion in the last year, noting that the surplus premium of insurance sector was EGP1.6 billion in last December, Sherif Samy, Chairman (...)
Egyptian Takaful Insurance Company eyes attaining EGP340 million premiums within the upcoming fiscal year of 2014/2015, Ahmed Arfeen, Managing Director revealed.
In a statements to Amwal Al Ghad, Arfeen added that the total value of premiums that (...)
Managing Director of the Egyptian Takaful Insurance Company (Property) Ahmed Arfeen revealed that his company eyes boosting its targeted investment size to become EGP410 million within the upcoming fiscal year of 2014/2015.
In a statements to Amwal (...)
Egyptian Minister of Investment Ashraf Salman asserted that Egypt has much potential in alluring more foreign investments with the growth in the volume of investment returns significantly up to 30%.
Speaking to Amwal Al Ghad Arabic's Website, Salman (...)
Managing Director at the Egyptian Takaful Insurance (Properties) Ahmed Arfeen revealed that Gulf Insurance Group eyes boosting its consumption rate from 17% to 60%.
In a Statements to Amwal Al Ghad Arabic's Website, Arfeen explained that the only (...)
Completing Policyholders Protection Fund Of Insurance Firms Bankruptcy Early Next Fiscal Year
Approving To Grant New Insurance License To One Of Firms And Financial Solvency Inevitable To Work In The Market
EGP 7.7 Billion Total Compensations Of The (...)