AM Best, a global credit rating agency, has reaffirmed the high credit ratings of Orient Insurance PJSC and its key subsidiaries, Orient Insurance Company – Egypt and Orient Takaful PJSC. The agency assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to these entities, noting a stable...
Author: admin
Post
UAE Economy Demonstrates Resilience Amid Global Challenges
The UAE’s economy continues to show remarkable growth and stability despite facing various global and regional challenges, according to Saeed Al Hajeri, Minister of State at the UAE Ministry of Foreign Affairs. Al Hajeri emphasized that the fundamental strengths of the UAE economy—robust historical foundations, enhanced global connectivity, and agility in adapting to market changes—are...
Post
Delays in Bank Transfers Between Saudi Arabia and UAE Raise Concerns
Recent weeks have seen significant delays in bank transfers from Saudi Arabia to the UAE, creating uncertainty for businesses and individuals engaged in transactions between the two leading economies in the Arab world. These unusual delays are particularly alarming for companies that rely on swift financial operations, posing risks to their cash flow and overall...
Post
Ajman Bank Launches First USD 300 Million AT1 Sukuk in UAE
Ajman Bank has announced the successful pricing of its inaugural USD 300 million Additional Tier 1 (AT1) Perpetual Sukuk, featuring a profit rate of 6.500%. This significant financial instrument, which is structured as Non-Call for 5.5 years, demonstrates Ajman Bank’s strategic move to enhance its capital base, ensuring it meets regulatory requirements while also appealing...
Post
UAE to Be Among Top 10 for Foreign Direct Investment by 2025
According to a recent report from the United Nations Conference on Trade and Development (UNCTAD), the United Arab Emirates is set to rank as one of the top ten recipients of foreign direct investment (FDI) by the year 2025. This projection not only highlights the UAE’s growing appeal as a global investment hub but also...
Post
ADNOC Expands into Africa with $1 Billion Shell Acquisition
The Abu Dhabi National Oil Company (ADNOC) has made a significant leap into Sub-Saharan Africa by acquiring Shell’s downstream operations in South Africa for $1 billion (approximately R16 billion). This deal not only represents ADNOC’s largest investment in the region but also underscores the increasing efforts by Gulf energy companies to broaden their global reach...
Post
Growth Forecast for Animal Feed Additives in Middle East by 2034
The animal feed additives market in the Middle East and Africa is set for significant growth, with projections estimating a rise from USD 2.29 billion in 2026 to USD 3.68 billion by 2034. This growth reflects a compound annual growth rate (CAGR) of 6.1% during the period from 2026 to 2034, indicating a robust expansion...
Post
Adia Engages in $1.2 Billion IPO of India’s Leading Asset Manager
The Abu Dhabi Investment Authority (Adia) is reportedly preparing to invest in the upcoming initial public offering (IPO) of SBI Funds Management, which is recognized as India’s largest asset manager. This IPO aims to raise $1.2 billion and is attracting considerable interest from various foreign investors, particularly from the Middle East and Singapore’s Government of...
Post
ECI Aims to Enhance Export Opportunities for UAE Businesses
The Emirates Credit Insurance (ECI) is set to strategically utilize its network of UAE Comprehensive Economic Partnership Agreements (CEPA) to facilitate the expansion of local exporters into international markets. This initiative was discussed in a recent board meeting, where members emphasized the importance of enhancing the export credit portfolio to better support UAE businesses. The...
Post
Understanding the Complexities of UAE Golden Visa Investment
The UAE’s Golden Visa program, which allows long-term residency for investors, is not just about meeting the AED 2 million investment threshold. Recent reports highlight that Golden Visa applicants must navigate a variety of additional requirements that differ based on the type of investment and the necessary documentation. This multifaceted approach is aimed at ensuring...