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Egyptian insurer wins $18-million insurance policy tender from local milling firm

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The Egyptian Takaful Property and Liability Insurance Co. has won an $18-million insurance policy tender from local grain milling firm South Cairo and Giza Mills and Bakeries for the third consecutive year, Amwal Al Ghad reported citing sources. The policy will cover the firm's fixed and current assets against damage from fire and burglary, sources said. The policy also covers employee dishonesty, cash transfers and inland transport for the firm's products, the sources added.

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