Best’s Market Segment Report: AM Best Maintains Stable Outlook on Insurance Markets of Gulf Cooperation Council

LONDON AM Best is maintaining its market segment outlook for the insurance markets of the Gulf Cooperation Council (GCC) at stable. In its new Best’s Market Segment Report, “Market Segment Outlook: Gulf Cooperation Council Insurance”, AM Best notes that growth prospects for the insurance sector remain plentiful as new insurable risksContinue Reading

“AWNIC Achieves Positive S&P Rating Outlook Upgrade, Signalling Dynamic Growth”

Abu Dhabi, United Arab Emirates — Al Wathba National Insurance Co. (AWNIC), a trailblazer in the UAE insurance arena, proudly unveils a major milestone following the recent upward revision of its rating outlook by S&P Global Ratings. The outlook has ascended to POSITIVE from stable, affirming the company’s ‘BBB-‘ long-termContinue Reading

Airport Show Opens in Dubai Amidst Brighter Outlook for Complete, Sustainable Recovery

The 22nd edition of Airport Show was opened in Dubai today amidst brighter outlook for complete and sustainable recovery, growth of passenger demand and focus on future mobility, sustainable infrastructure and innovation.His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and ChairmanContinue Reading

Leaders of the Global Financial Community Outline Positive Outlook for Sector as Financial Sector Conference Opens in Riyadh

RIYADH, Saudi Arabia — The second edition of the Financial Sector Conference (FSC 2023) opened today in Riyadh, welcoming over 3000 participants from around the world to discuss the way ahead for the global financial community under the conference theme of “Promising Financial Prospects.” Welcoming delegates to the conference SaudiContinue Reading

Best’s Market Segment Outlook: AM Best Maintains Stable Outlook on Gulf Cooperation Council Insurance Markets

LONDON — AM Best is maintaining its stable market segment outlook for the insurance markets of the Gulf Cooperation Council (GCC) – comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The maintenance of the stable outlook reflects the GCC insurance market’s solid footing entering 2023; however,Continue Reading

Positive Outlook for 2023

Baghdad, Iraq — For a country enshrined in political controversy and uncertainty, the economic outlook for the future of Iraq looks optimistic, according to Rabee Securities Founder and Chairperson Shwan Ibrahim Taha. He said: “Under the circumstances, the Iraq markets and economy have managed to stand firm, which is whatContinue Reading