14/02/2015 05:19 AST

Wethaq Takaful Insurance - Egypt is set to launch two real estate funds to pump investments up to 500 million Egyptian pounds ($65.5 million) within 2016, according to a report.

The funds will include real estate investments varied between administrative and residential facilities, Antar Gad, chairman, was quoted as saying in the Amwal Alghad report.

The company will also submit an official request to the Egyptian Financial Supervisory Authority (EFSA) so as to launch the two new funds within next year, it added.


Trade Arabia

Banking accounts should be insured against internet piracy - Wethaq

07/02/2012

Wethaq Takaful Insurance Company advised, on Tuesday, to ensure personal and business banking accounts against data loss due to increasing attacks of internet piracy.

Manager of the Reinsura

KUNA

Kuwait-based Wethaq Takaful outlook revised to stable

16/12/2010

Standard and Poor's Ratings Services said today it has revised the outlook on takaful player Wethaq Takaful Insurance Co. (Wethaq) to stable from negative. At the same time, we have affirmed the 'BB'

AME Info

S&P rates Kuwait's Wethaq Takaful Insurance at 'BBB-'

28/05/2009

Standard and Poor's Ratings Services said today that it placed its 'BBB-' counterparty credit and insurer financial strength ratings on Kuwait-based Wethaq Takaful Insurance Co KSC (Closed) on Credit

Arab Times

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Burjeel reports 129% increase in Q2 net profit, revenue grows 18.7%

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Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has delivered a strong top-line growth of 18.7% to AED1,403 million ($381.98 million) in Q2 2025, driven by a 12.1% i

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Saudi Maaden H1 profit up 73% on higher sales; revenue hits $4.8bn

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Saudi Arabian Mining Company (Maaden) has reported a 73% jump in its net profit for the first half, which soared to SAR3.47billion ($924 million) from SAR2.01 billion ($535 million) last year, mainly

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IQ reports QR2bn net profit in H1, approves 26% interim dividend

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Market heavyweight Industries Qatar (IQ) - the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel - has reported net profit of QR2bn in the first half (H1) of 2025.

The

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Aramex sees stable H1 revenue as regional push offsets profit pressures

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Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express

Gulfnews

Dubai's Parkin locks in record Q2 revenue, profit on parking demand

08/08/2025

Parkin Company PJSC, the city's largest paid public parking provider, reported a record 56% year-on-year rise in Q2 2025 revenue to Dh320 million, driven by higher public parking tariffs, strong enfo

Gulfnews