Orient Insurance Postpones Saudi Arabia Expansion Plans to 2022
Orient Insurance, one of the largest insurers in the United Arab Emirates, has announced to postpone ...
Orient Insurance, one of the largest insurers in the United Arab Emirates, has announced to postpone ...
The five-year long sukuk met with a profit rate of 2.85% pa showing the credibility of ...
Credit insurance is an effective financial risk management that protects businesses and companies against losses from ...
In response to the ongoing oil slump, Saudi Arabian Oil Company (Saudi Aramco) lets go employees ...
Greensill Capital acquires Columbia-based Omni LatAm in a landmark deal, aiming at accelerating growth in Latin America. ...
Hong Kong’s flagship carrier Cathay Pacific Airways Ltd., announced on Tuesday a recapitalization plan worth HK$39 ...
In the wake of coronavirus pandemic, Saudi Central Bank said on Monday to be providing $13.3 ...
Abu Dhabi based public joint stock company- ADQ has declared a new capital fund worth $300 ...
Egypt’s Suez Canal Bank has come to a decision to sell its full stake in Middle East ...
In its China life insurance joint venture, HSBS Holdings enters to buy the remaining 50% stake to fully own the company as China gears up its markets by removing foreign ownership restrictions on foreign funded insurance companies. This agreement will help HSBC to expand its mark in China, as part of CEO Noel Quinn’s plan to boost the company’s business and enhance its investments and capital to Asia. In a statement, Quinn tells that they are trying to make steps in their growth strategy, despite the coronavirus pandemic, and that the transaction will help boost the ambition of accelerating growth in their Asian franchise and further extend their capabilities in wealth. As part of its broad overhaul announced earlier on February, HSBC, Hong Kong had turned its focus on growth markets such as mainland China and Hong Kong. After U.S. and Japan, China’s insurance comes third with an estimated $318bn in premiums, and with current reforms in ownership restrictions, HSBC joins the list of companies as foreign fully-owned insurers in mainland China. China opened its asset-management markets for wider foreign firms and companies on April 1st this year despite the ongoing Covid-19 crisis.
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All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏
All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏