Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central bank governor said in an interview with Bloomberg TV. The new rules would “make the market more attractive to foreign …
Dubai plans to triple the size of its financial district, adding an area almost the size of London’s Canary Wharf, even as the emirate faces slower growth and rising competition from neighboring banking hubs. The expansion, dubbed DIFC 2.0, will …
DarkMatter, a three year-old United Arab Emirates-based cyber security firm, has more than doubled revenue last year to over $400 million. The firm, which earns about 80 percent of its revenue from U.A.E. government contracts, plans to grow from 650 …
The Mediterranean & Gulf Insurance & Reinsurance Co., a Saudi Arabian insurer known as MedGulf, denied it’s considering putting itself up for sale. MedGulf isn’t exploring strategic options that could include a potential sale of the company and hasn’t appointed …
Zurich Insurance Group AG has started a process to sell its units in South Africa and Morocco as it works toward turning around its money-losing insurance operations, according to people familiar with the matter. Zurich is working with financial advisers …
