Millennium Insurance Brokers has set its regional expansion plans in the Gulf with the opening of its Abu Dhabi branch, the 30thin its global network of offices. Following the signing of a joint venture with Risk Management Services (RMS) Group, the largest and oldest insurance brokerage and risk management group...
In the midst of the changing regulatory and economic landscape, over 300 industry leaders will converge at the 14th Annual World Takaful & InsurTech Conference in Dubai this April to discuss the key issues affecting the Takaful and InsurTech landscape. Middle East Global Advisors, a leading financial intelligence platform facilitating...
To ensure audit firms in Oman continue to hold themselves to high audit quality standards, the Capital Market Authority (CMA) is planning to overhaul the existing regulations governing audit firms including raising the bar for accreditation requirements. The CMA recently announced the implementation of Oman’s new Commercial Companies Law and...
The National Oil and Gas Authority (Noga) has signed a financing agreement worth USD300 million with the Saudi Fund for Development (SFD). In a ceremony held under the patronage of Oil minister Shaikh Mohammed bin Khalifa Al Khalifa, the agreement was signed by Noga holding acting chief executive Dr. Dhafer Al Jalahma and SFD vice-president...
Bahrain Insurance Association (BIA) said it has elected Ebrahim al Rayes as the chairman of its new board for the term 2019-2020 during its recently held Annual General Assembly Meeting. The meeting also elected Yahya Nooruddin as vice chairman and Khalid Al Shaikh as financial treasurer. Other board members include...
Etihad Credit Insurance (ECI) has set a strategy and growth plan aligned with the UAE economic agenda, setting a target to support USD3 billion in non-oil exports and re-exports. The announcement came during the recent ECI 2019 Kick-Off Meeting held recently in Dubai. The event highlighted ECI’s goal to support...
The Lower House in the country of Jordan recently passed the 2019 amendments to the Deposit Insurance Corporation Law. Under the amended law, the membership of Islamic banks in the Jordan Deposit Insurance Corporation (JODIC) would be changed from optional to mandatory. A fatwa (religious edict) issued recently allowed insuring...
Dr. Abdulrahman Abdul Mannan Al Awar, director general of the Federal Authority for Government Human Resources, confirmed that the accelerating global technological advancements, and the increased retirement age and years of service, leave no doubt that there is an excellent opportunity and an urgent need in the region to establish...
Abu Dhabi National Insurance Company (ADNIC) has reported its financial results for the full year ended 31 December 2018. ADNIC delivered a strong set of results, with gross written premiums up by 10.1 percent year-on-year to AED2.91 billion driven by growth across core lines of business. Net technical profit increased by...
A first in the UAE, Emirates NBD’s lifestyle digital bank Liv.’s has tied up with RSA to offer a paper-free process from purchase of policy to claims, all via the Liv. App. “Millennials can’t live without their phones and we have created a unique offering that provides customers with solutions relevant...
