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Insurance sector ranks fourth in Africa in terms of sector’s activity growth rates
IFE coordinates with Egyptian Tourism Authority to exploit conference for promoting tourism in Egypt, El-Zoheiry
Company achieved premiums worth EGP 971m in FY 2017/2018, says El-Zoheiry
The series of reforms adopted by the Egyptian authorities to expand insurance penetration, with the expectation that regulatory measures, coupled with the rollout of universal health coverage, will lead to a doubling of premiums within the next five years, according to Oxford Business Group (OBG)’s Egypt economic update issued on Monday. According to the report, …
Ministry expects returns of $5m, exhibition expected to take place in 10 world cities, antiquities minister says
Samy stressed the importance of developing the compulsory insurance system
The services are introduced to meet the increasing sophisticated needs of Egyptian customers
The syndicate has been calling for substantial amendments to the bill since it was drafted
The report explained that these regulations will mitigate the credit risk in banks’ growing retail portfolios and will reduce banks’ asset quality vulnerability that has been the result of focusing on large single-corporate customers.
Doctors protest at doctors syndicate in Cairo calling on the rights of doctors within the state’s health insurance sector to get equally paid as doctors in public sector. Doctors also protested for the better working conditions of doctors in health insurance to insure a better service for the patient since this is where the …
New bill will be drafted within two weeks for parliament review
The 20-year usufruct system hinders idea of establishing New Car City, says businessman
Economic hurdles such as poverty and shortage of skilled workers will slow sector’s growth
Clients will also be able to borrow money, and issue credit cards that have a maximum of 80% of the total account balance with facilitated terms.
Total value of compensations paid in properties insurance has reached EGP 1.3bn, compared to EGP 1.06bn during the same period in 2014
Three companies emerged from MIHC, and are 100% owned by it: Misr Insurance (properties); Misr Life Insurance; and Misr Real Estate Assets.
Total investments of insurance companies and Egyptian insurance funds amount to over EGP 90bn, says EFSA Chairman
The main obstacle facing the insurance market is for people to be truly convinced to engage in insurance services, says Masaya Inagaki
Banks face little demand for car loans, sayd Director of Barclays for retail and branches sector
The insurance sector contributed EGP 48.5bn to the national economy during the current year
Government lost EGP 300bn in potential taxes, according to study
Losses in the tourism sector for the third year in a row are causing companies to raise insurance premiums on hotels and tourist facilities by 15% due to new risks
The Multilateral Investment Guarantee Agency (MIGA) announced collaboration with Turkey’s Elif Global on new packaging plant
Prime Minister expresses interest in doctors’ strike
Egyptian Trade Union Federation has not recently met with the syndicate to discuss their demands, says syndicate member
Reuters – French insurance giant AXA Group and its partner in the United Arab Emirates, Kanoo Group, plan to become major shareholders in the UAE’s Green Crescent Insurance Co (GCIC), GCIC said on Sunday. The firm has called a shareholder meeting on 26 March “to consider resolutions to expand the capital base of GCIC and …
S&P value total Islamic banking assets in Egypt at around $11.6bn
Mahalla company losses range between EGP 15m to EGP 20m, Mahalla commissioner says
Negotiations on investments are underway for insurance sector to fund national projects
The company is considering entering the lending market and financial intermediation
The restructuring of MIHC set up two companies: Misr Property Insurance and Misr Life
Recent spikes in violence may cause such companies to refuse coverage all together to those companies and institutions exposed to high levels of risk.