Insurance and savings penetration in the GCC is set to continue its rise next year due to developing regulations and increased awareness about the importance of financial security, according to leading insurance broker Nexus Group.
The rapidly developing GCC insurance and savings industry presents significant opportunities for business growth, according to finance experts.
Speaking at the Nexus Group’s Annual General Meeting (AGM), Tarun Khanna, the fi
Nearly half of UAE residents choose to save their money in bank accounts outside their country of residence, a report said.
More than 48 per cent of respondents of an annual survey conducted by compareit4me.com, a UAE-based financ
Bahrain-based Takaud, the Middle East and North Africa's (Mena) first specialist savings and pensions solutions provider, plans to have a presence across the region over the next seven years, said a top company official.
Ithmaar Bank, a Bahrain-based Islamic retail bank, said its board has initiated several cost reduction initiatives that are expected to result in savings in the range of $25-$35 million annually.
The key measures aimed at turning the ba
Businesswomen in Saudi Arabia have retained SR100 billion ($26.6 billion) in savings, which is 75 per cent of the total bank savings across the kingdom, said a report.
The share of the contracting sector owned by women stood at 14
Bahraini retail and commercial lender BMI Bank has announced that its Ayadi savings scheme has become bigger with the addition of more features and benefits.
This year Ayadi's prize pool has been expanded to more than $1.9 mil
Dubai has proposed to the federal government of the UAE that the country create a sharia-compliant retirement savings scheme for foreign workers, a step which could help to develop the Islamic funds industry.
The aim is that the s
Takaud, a leading savings and pension specialist provider in Bahrian, has introduced its unique employee savings plan, a first for the region, which will help retain staff by providing them with a saving mechanism.
The product ser
Gulf Air, the national carrier of Bahrain, has notched up huge savings through the adoption of several 'green' solutions in its information technology infrastructure and practices, the airline's top IT official said.