Abu Dhabi’s ADQ Declares $300mn Fund in Southeast Asia and India Start-ups
Abu Dhabi based public joint stock company- ADQ has declared a new capital fund worth $300 ...
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UAE lender ADIB goes digital for Islamic Finance transactions
In the wake of the coronavirus pandemic, Abu Dhabi Islamic Bank (ADIB), a leading financial institution ...
HSBC shakes hands with chinese life Insurance joint venture
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.
Saudi residential market observes an upturn of 2.1% in property prices
Giving a cautious optimism for the real estate sector, the Saudi Real Estate Index increased by 1.2% in the ...
Negative oil prices pose threat for oil companies
With barely a week since Trump’s tweet about the international coalition with 23 countries, oil prices of ...
British government issues “mandate” for trade negotiation talks with EU
Even as the European Union and the British government embarked on trade negotiations in the aftermath ...
Etihad Credit Insurance Partners(ECI) With the SFD to Boost Cross Border Trade
The UAE Federal export credit company, Etihad Credit Insurance (ECI) is now in alliance with the ...
Jeff Bezos’s Role in Fighting Against Climatic Change
Jeff Bezos, founder, CEO and president of Amazon, the company that is regarded as one of ...
Tawuniya and Alhokair mark a decade of cooperation with the health insurance deal
In a continued harmony of 10 years, The Company for Cooperative Insurance (Tawuniya) lately signed an ...
Amazon in a Soup Over West Bank Settlements Accusation
One of the world’s largest E-commerce platforms, Amazon has been accused of offering free shipping campaigns ...
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