A year of transformation has affected both insurers and customers
Funds will be used to market and enhance the platform
Fund III raised capital commitments from leading pension plans, endowments, insurance plans, government institutions, family offices and private equity firms
The OPEC member posted record $36bn budget deficit in 2020
Since the beginning of 2021, the changing market narratives have led to higher uncertainty and increased volatility in global equities
The insurance industry has to adopt a digital customer-centric approach to ensure long-term growth
From poverty to tragedy, Soudi has seen it all. Yet he persevered against all odds and now has a remarkable life story to share
Al-Ghunaiman replaces Farouk Bastaki, who helped to propel the Kuwait Investment Authority to rank among the world’s biggest wealth funds
The world’s largest cryptocurrency is staging a comeback that has taken it up more than 50 per cent from recent lows
While financial crimes may be complex and difficult to track, the Effiya Compliance suite ensures that risk assessment is conducted seamlessly, asserts Abhishek Gupta, managing director at Effiya Technologies
He will succeed Bryan Stirewalt with effect from October 1, 2021
Mubadala Investment Company led the round, joined by other investors
Salaries and subsidies in the 2020-21 fiscal year accounted for 73 per cent of spending
Other tokens like Binance Coin, Cardano, XRP and Dogecoin are also rallying
The board always includes the finance and oil ministers, as well as the central bank governor and finance ministry undersecretary
Investment in solar projects was up 9 per cent to a record $78.9bn in the first half
Participating universities will be announced over the coming months
Since 2015, the PIF’s assets under management have risen to $430bn from about $150bn
The funding will be used to expand tabby’s product portfolio and launch in new markets
Via the programme, the authority will grant eligible not-for-profit organisations and social enterprises funding of up to Dhs200,000
The programme is run by the Abu Dhabi Housing Authority
The declines put Bitcoin back in the top end of a $30,000 to $40,000 trading range
PwC based its results after deducting tax and social security obligations
It follows the establishment of a task force led by the Abu Dhabi Department of Economic Development which coordinated its efforts with over 20 government entities
The improved credit outlook prompted the bank to pay an interim dividend of 7 cents a share
The cryptocurrency has, this week, risen back above its 50- and 100-day moving averages
The price of Brent crude averaged over $73 a barrel in June
Its total revenue grew 3.4 per cent to Dhs2.644bn compared to Dhs2.557bn in H1 2020
Total income declined 9 per cent year-on-year to Dhs11.54bn
The fund projects Bahrain’s economy will grow 3.3 per cent this year