No Image

Best’s Market Segment Outlook: Gulf Cooperation Council Market Outlook is Negative

February 11, 2018 UAE Business 0

A.M. Best has a negative outlook on the insurance markets of the Gulf Cooperation Council (GCC). Insurers in the GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) have historically enjoyed significant capital buffers and benefited from extensive reinsurance support; however, continuing headwinds could lead to potential volatility in the operating performance and capitalisation of market participants. Read more

No Image

Kuwait And Oman Join Saudi Arabia And Russia In The Quest To Extend Oil Supply Cuts.

May 16, 2017 UAE Business 0

Growing news across oil exporting countries have been unpleasant. This Monday, Russia and Saudi Arabia announced that they request a nine month OPEC output cut extension. Following that Kuwait and Oman has joined Russia and Saudi Arabia – the two largest producers among the 24 producers who earlier agreed to cut output in 2018 for an extension. Read more