Dubai Investments makes open offer for Dubai insurer NGI's outstanding shares
Dubai Investments has placed an open offer to buy “all or part” of shares held by others in the Dubai…
Insurance
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UAE central bank insurers hit with advice liability notices
Life insurers authorised by the Central Bank of the UAE (CBUAE) have been told that they are liable for the…
UAE's weekend change: Banks and insurance companies set to be among first to switch
The UAE’s banking and insurance sectors should be among the first to move to the new workday and weekend change…
Takaful insurance to make debut in Iran
Iran will launch limited takaful insurance services for the first time after finance minister Ehsan Khandouzi said that there is…
Saudi Re named ‘Reinsurance Company of the Year’
Saudi Reinsurance Company (Saudi Re) bagged the “Reinsurance Company of Year” award at the 8th Middle East Insurance Industry Awards…
Saudi EXIM Bank, HSBC and SABB sign MoU to advance trade & export finance and credit insurance collaboration
Saudi EXIM Bank have announced that it has launched a strategic partnership with HSBC Bank Middle East Limited and Saudi…
Saudi FinTech, InsurTech Rasan Secures $24M
Saudi FinTech and InsurTech startup Rasan has secured $24M in its latest funding round led by Impact 46, a Saudi…
General Reinsurance expands its Middle East presence with new office at DIFC
Dubai International Financial Centre (DIFC) has announced that General Reinsurance AG (Gen Re) has established a Middle East office in…
Gulf Insurance Group raises KWD 60mln for Kuwait's first perpetual bond in KWD and first bond issued by an insurer
Gulf Insurance Group has announced the successful issue of KWD 60 million Perpetual non-call 5 subordinated Tier 2 bonds, representing its…
Saudi Tadawul to offer up to 30% of its public shares to individuals
Saudi Tadawul Group Holding Co. increased the shares allocated to individual subscribers in its initial public offering (IPO) to 10.8…
Etihad Credit Insurance launches ‘UAE Trade Finance Gateway’
As a significant impetus to the UAE’s economic development, Etihad Credit Insurance (ECI), the UAE Federal export credit company, has…
Wataniya Insurance board recommends $53.3m capital increase
Wataniya Insurance Company’s board of directors recommended on Thursday to increase the company’s capital through a SR200 million ($53.3 million)…