Saudi Aljazira Takaful reports 14% profit decline in Q3
Aljazira Takaful Taawuni Company reported on Sunday a 13.8% annual slump in quarterly profits to SAR 7.9 million. This…
Insurance
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SALAMA successfully introduces new Individual Life product range in compliance with UAE Regulation 49
Islamic Arab Insurance Company has successfully introduced its new Individual Life product range covering seven products and supplementary benefits following…
MedGulf posts 44% profit hike in Q3
The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) posted a 43.8% annual growth in net profit before Zakat during…
Chubb Arabia, Saudi AlAhli Takaful discontinue merger discussions
Chubb Arabia Cooperative Insurance Company and AlAhli Takaful Company announced they agreed to end and discontinue merger discussions. The…
Harford Mutual Insurance Group Goes Live with Sapiens PolicyPro Platform
Sapiens Americas has announced that Harford Mutual has gone live with Sapiens PolicyPro solution, enabling the Maryland-based insurer to quickly…
Nama Shared Services signs credit insurance system agreement with Credit Oman
Nama Shared Services Company, a member of Nama Group, signed a credit insurance system agreement with Credit Oman. Ahmed…
Major overhaul of UAE financial services regulatory framework announced
The powers and responsibilities of the Insurance Authority in the United Arab Emirates (UAE) have been assumed by the country's…
OQIC appoints local talent, names new CEO to drive strategic developments
Oman Qatar Insurance Company a premier insurer in Oman and a subsidiary of Qatar Insurance Company (QIC), the flagship insurer…
UAE merges Insurance Authority with Central Bank
The sudden merger, which took many in the insurance sector by surprise, was confirmed via Twitter by Dubai's ruler, Sheikh…
UAE merges insurance authority with central bank – Dubai ruler tweet
The United Arab Emirates has taken a decision to merge the Insurance Authority with the central bank, Dubai's ruler Sheikh…
UAE merges insurance authority with central bank
The UAE has taken a decision to merge the Insurance Authority with the central bank, His Highness Sheikh Mohammed bin…
Etihad Credit Insurance launches 'ECI Islamic'–Shariah-compliant export credit solutions to boost UAE's halal trade industry
Muslim spend across halal food, pharmaceutical, and Islamic lifestyle sectors is slated to grow from $2.2 trillion in 2018 to…