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May 13, 2025
Egypt: First-quarter financial statements submission deadline extended by 15 days
In Egypt, the above decision applies to companies listed on the stock exchange and entities operating in non-banking financial activities. Source: أموال الغد
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Bilal Jarjour
May 13, 2025
Saudi Arabia: Chairman of the Insurance Authority meets with the CEOs of ins cos
As part of the Insurance Authority’s efforts to enhance the efficiency of the insurance market and raise levels of transparency, Eng Naji Al-Tamimi, Chairman of the Authority, met with a number of insurance company CEOs to discuss ways to develop and advance the sector. Source: Al Morakeb Group
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Bilal Jarjour
May 10, 2025
Abu Dhabi’s IHC and BlackRock set up $1bn reinsurance company
International Holding Company, one of the UAE’s most valuable listed companies, has partnered with the world’s biggest asset manager BlackRock to launch a $1 billion reinsurance company Source: The National
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Bilal Jarjour
May 10, 2025
FAIR recommends strengthening regional cooperation among companies to support the energy sector
The Federation of Afro-Asian Insurers and Reinsurers has recommended the necessity of enhancing regional cooperation among insurance and reinsurance companies and intensifying the exchange of experiences and knowledge to keep pace with the developments in the global energy sector and achieve its sustainability. Source: أموال الغد
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Bilal Jarjour
May 10, 2025
Egypt: The digital transformation in the insurance sector facilitates procedures and reduces errors
The insurance sector has witnessed a digital wave that reshaped its traditional structure and rearranged its operational priorities. Source: المال
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Bilal Jarjour
May 10, 2025
Saudi Arabia: Insurance Authority and Culture Ministry deepen cooperation on cultural insurance
The Ministry of Culture has signed a Memorandum of Understanding (MoU) with the Insurance Authority to cooperate in preserving cultural assets and promoting the cultural insurance sector. Source: الاقتصادية
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Bilal Jarjour
May 9, 2025
Türkiye: Neova maintains lead in participation insurance market
Neova Katilim Sigorta maintained its leadership in the participation insurance (takaful) market with a contribution volume of TRY6.6bn ($170.8m), representing a 41.2% market share, in the first quarter of this year, according to data released by the Insurance Association of Türkiye (TSB). Source: Middle East Insurance Review
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Bilal Jarjour
May 9, 2025
Uzbek insurance sector’s rapid growth driven by riskier business
Rapid growth in the Uzbek insurance sector is being driven by business lines with significant underwriting risk, which could lead to volatility in insurers’ financial performance, Fitch Ratings says. Source: Fitch Ratings
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Bilal Jarjour
May 9, 2025
Egypt: Alaa El-Zohairy: a plan for insurance companies to raise awareness
The Insurance Federation of Egypt has taken serious steps to raise insurance awareness in the Egyptian market, with the aim of reaping the benefits of the legislative developments witnessed by the industry. Source: أموال الغد
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Bilal Jarjour
May 9, 2025
Oman: Regulator says insurers are required to provide coverage for EVs without exclusion
The Financial Services Authority (FSA) has issued a circular to the CEOs and general managers of insurance and takaful companies pressing home the message that they cannot refuse to insure electric vehicles (EVs) or renew the motor policy as long as the vehicle satisfies the stipulations stated in the Traffic Law. Source: Middle East Insurance…
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