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Ahmed Lotfy promoted to managing director at Allianz Egypt
Allianz has a new managing director at the helm: Global ins. giant Allianz’s local arm, Allianz Egypt, promoted Ahmed Lotfy…
Gov’t proposes increasing spending on education, social security, healthcare in FY 2024-25 draft budget
Funds directed towards social protection are up 20% y-o-y to EGP 636 bn
Re-ins. players scale back coverage in the region to hedge against conflict escalation
Re-insurers are also upping prices and pressuring primary insurers in Lebanon, Jordan, and Israel to cap coverage
Centamin sees “encouraging” results from maiden drilling in the Eastern Desert. PLUS: Egypt x KSA mining cooperation, Ecab, El Hazek, fintech news
Results underpin Egypt's emergence as an attractive exploration jurisdiction- Centamin
Suez Canal transit fee reductions for south west Africa ships. Plus: Banque Misr x Etisalat, NBE x MSMEs, NWFE x Climate Investment Fund, NWFE x French Development Agency
Suez Canal revenues are expected to hit a record USD 10.3 bn by the end of 2023
Suez Canal transit fees to rise next year. PLUS: News from the FRA
The government now expects canal revenues to rise by more than a third this year to USD 10.3 bn
Ins. startup Amenli raises USD 1 mn round
The company is hoping the new funds will allow them to expand into B2B2C
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