Emad Al-Masoudi, the founder of real estate search engine Aqarmap, expressed his optimism in an interview with Daily News Egypt regarding the construction sector and discusses what is needed to overcome challenges confronting the market.
As a search (...)
Nissan Motors Egypt will introduce two new hatchback models at the international automotive exhibition Automach Formula 2016.
The company said that the new models – the Sunny and the Sentra – that were manufactured at the local Nissan factory in 6th (...)
Minister of International Cooperation Sahar Nasr held a meeting to discuss the 1.5m acres reclamation project with regional director of the Food and Agriculture Organisation (FAO) Abdul Salam Weld Ahmed.
A number of officials in the organisation, (...)
Aqarmap, a real estate search engine, may expand into other markets in the Middle East, such as Morocco, founder of the company Emad Al-Masoudi revealed.
Al-Masoudi plans to start this expansion near the end of 2016, targeting Morocco market clients (...)
The decree issued Friday evening imposing taxes on trading conducted through Facebook has been widely disputed traders and computer professionals in the local market.
Chairman of the Central Administration Tax Research Salah Yousif said the decree (...)
The Egyptian medical insurance sector injected about EGP 2 billion into pharmacists, hospitals and clinics in the last fiscal year, which has boosted the national economy, said Adel Mounir, deputy chairman of the Egyptian Financial Supervisory (...)
The Arab Misr Insurance Group (AMIG) has disbursed a compensation of US$ 8 million to the Aircraft Maintenance Company (AMC), in one of the largest aviation insurance compensation in Egypt from years.
An AMC aircraft has a forced landing at Karachi (...)
Misr Life Insurance Company achieved premiums written of about EGP 1.634 billion in FY 2011/2012, compared to EGP 1.496 billion in FY 2010/2011, said Sadek Hassan, chairman and managing director of the Company.
The Company had set a target for (...)
The Egyptian Financial Supervisory Authority (EFSA) has received a request from Nazhy Ghalioum, former managing director of Al-Sharq Insurance Company, asking for a non-life insurance license to operate one of the public business sector (...)
The Arab Misr Insurance Group's (AMIG) investigation sector succeeded in preventing fraud of insurance policies, said Alaa El-Zoheiry, managing director at AMIG.
A number of forged compulsory car insurance policies were circulated in Egypt in the (...)
Chartis Egypt Insurance Company targets to achieve premiums of EGP 280 million in 2013, said Mohamed Zahran, head of liability insurance and institutions' affairs department of the Company. The Company also aims at increasing premiums by 10% to (...)
Delta Insurance Company issued insurance policies worth EGP 1.5 million in the last period, said Ibrahim Labib, Head of Car Insurance Sector at the Company.
The Company issued insurance policies for Alex Mining Company, Osman Group, Sekem Group, (...)
The European Investment Bank aims at signing several contracts with Egypt to provide €50 million finance for small and medium enterprises (SMEs) as well as infrastructure projects before the end of 2012, said Tom Anderson, head of the Regional (...)
Ashraf Al Araby, Minister of Planning and International Cooperation, has signed today an agreement with the French Development Agency (Agence Française de Développement, AFD) director Dov Zerah and the acting head of the Cooperation Department of (...)
Many difficulties face insurers nowadays in collecting premiums due to the bad economic situation which made many customers refrain from seeking insurance coverage or demand reducing the value of insurance premiums. Insurance experts revealed the (...)
The Egyptian Financial Supervisory Authority (EFSA) revealed the results of insurance companies in June as they posted EGP 169 million as premiums and paid compensations posted EGP 521.4 million.
18,200 life insurance policies worth EGP 34.7 million (...)
The Egyptian Financial Supervisory Authority's (EFSA) report showed that the number of insurance brokerage companies reached 36 in June 2012. The number of insurance brokers reached 6211 in July, compared to 6157 in June.
In pursuant to act no.10 of (...)
The Egyptian Financial Supervisory Authority (EFSA) received 48 complaints against insurance companies and insurance funds in July, compared to 38 complaints in June. 62.5% of the complaints were against non-life insurance companies, 22.9% of which (...)
The Chairman of the Egyptian Financial Supervisory Authority (EFSA), Ashraf El-Sharkawy met with the chairmen of insurance companies last Tuesday discussing many important issues such as the possible methods of boosting the Takaful insurance (...)
The Arab Misr Insurance Group (AMIG) posted premiums of EGP 302 million in FY 2011/2012, up 11% from a year earlier.
The paid compensations surged to EGP 112 million in the last fiscal year, registering an increase of 16%, said Alaa El-Zoheiry, (...)
Chartis Egypt Insurance Co. has signed a contract insuring the employees of MEDCO Company against personal accidents, said Mahmoud Hussein head of personal accident insurance department.
The insurance policy covers 1000 employees with value of EGP (...)
Al Mohandes Insurance Company's premiums reached EGP 208.2 million in FY 2011/2012, compared to EGP 204.8 million in FY 2010/2011, with an increase of EGP 3.4 million (1.7%).
The life insurance premiums reached EGP 60.7 million in the last fiscal (...)
Alia Helmy, the former general manager of ACE Insurance, will hold the CEO position at Delta Insurance Company next October.
Helmy said she will make the Delta Company achieve high growth rate in the upcoming period after studying the Company's (...)
The Lebanese Delta Insurance Holding Company will appoint Bashar Sawas, the General Manager of Allianz Insurance Company – Egypt, as the Managing Director of Solidarity Family Takaful which it recently acquired, an official source told Amwal Al (...)
The Egyptian Takaful Company (Non-Life) targets to increase its market share in the insurance market to 4% in its financial results for FY 2011/2012, as its market share reached 3.1% in FY 2010/2011, said Ahmed Arfin, Managing Director of the (...)