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EFG Hermes, GB Capital close acquisition of majority stake in Tokio Marine’s Egypt arm
M&A WATCH- EFG Hermes and GB Capital have closed their acquisition of 75% of Tokio Marine Egypt Family Takaful, the…
Market regulator looks to provide “life table” for Egyptian insurance companies to better price domestic plans
Market regulator looks to provide “life table” for Egyptian insurance companies to better price domestic plans: The Financial Regulatory Authority…
What we’re tracking on 14 June 2020
The brevity of this morning’s issue reflects a news day cut short by continuing concern about the spread in Egypt…
FRA suspends issuing insurance licenses for a year; new regs require auditors to be insured
REGULATION WATCH- FRA suspends issuing insurance licenses for a year; auditors will need to be insured: The Financial Regulatory Authority…
El Sisi ratifies amendments to Egypt’s armed forces pensions law
LEGISLATION WATCH- President Abel Fattah El Sisi has ratified amendments to the Retirement, Insurance and Pensions Act for the armed…
FRA allows traditional insurers to own stakes in ‘takaful’ companies
REGULATION WATCH- FRA allows traditional insurers to own stakes in ‘takaful’ companies: Mainstream insurance companies are now allowed to be…
What we’re tracking on 26 March 2020
We are in the final minutes of the country’s first nighttime curfew in some seven years, and the streets were…
CBE cuts interest for three of its financing initiatives, raises ATM withdrawal cap
REGULATION WATCH- CBE cuts interest for three of its financing initiatives: The Central Bank of Egypt (CBE) has reduced the…
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