Baker McKenzie advises UAE insurance firm on AED 215 million buyout
An Islamic insurance company in the United Arab Emirates, Dar Al Takaful, has engaged Baker McKenzie’s Middle Eastern affiliate, Baker…
Insurance
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Dar Al Takaful to acquire Noor Takaful for AED215 million
Dar Al Takaful has announced that it has entered into a legally binding share purchase agreement with Noor Investment Group…
DIFC posts 17.4% growth in reinsurance during 2019
Dubai International Financial Centre (DEFC) has announced a sustained performance in the reinsurance sector, posting a growth of 17.4 percent…
Dar Al Takaful to buy Noor Takaful for Dh215m
Islamic insurance company Dar Al Takaful is buying competitor Noor Takaful for Dh215 million in cash, as it looks to…
Life insurance top priority for UAE residents after Covid-19
Life insurance is the top financial priority for almost 50 per cent of people living in the UAE in the…
Bank of Sharjah PJSC announces the successful issuance of AED 2 billion in Sukuk Trust Certificates for the Government of Sharjah.
Bank of Sharjah Sole Lead Manager and Arranger Bank of Sharjah is pleased to…
Al Ahlia Insurance makes insurance purchase simple, easy and safe
Al Ahlia, one of Oman’s leading insurers, is helping customers buy and renew their motor insurance form the safety of…
SALAMA announces AED 13.65 million profit for Q1 2020
Islamic Arab Insurance Company (“SALAMA”) has announced its reviewed financial results for the quarter ending March 31, 2020, reporting a…
Saudi Re strengthens Board of Directors with key appointments
Saudi Reinsurance Company has appointment two seasoned reinsurance professionals - Dr. Peter Hugger and Mr. Marc Maipoux - to its…
Gulf Insurance Group acquires stake in yallacompare for $4.25 million
yallacompare.com, one of the Middle East’s leading finance comparison site, has been funded by Kuwait’s Gulf Insurance Group (GIG) with…
Dubai-based insurance aggregator Yallacompare raises $4.25 million in new funding
Dubai-based financial comparison platform and insurance aggregator Yallacompare has $4.25 million in fresh funding from Kuwaiti insurance company Gulf Insurance…
MENA businesses should review insurance policies to cover COVID-19 losses
The global COVID19 outbreak is an opportunity for businesses in the Middle East and North Africa to evaluate property insurance…