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LONDON — The outlook for global reinsurers is stable going into 2020, reflecting strong capitalization, rising prices and growing demand, Moody's Investors Service said in a report published Tuesday. Nonetheless, there are still significant headwinds for the industry, and profitability remains vulnerable to above average catastrophe losses."Reinsurers' capitalization is strong, with a significant cushion above regulatory and risk-based capital requirements, and prices have climbed, relieving some pressure on profitability," said Brandan Holmes, VP-Senior Credit Officer at Moody's. "Still, low interest rates and declining reserve releases will pressure earnings, while climate change creates increased uncertainty. Increasing dependence on alternative...
September 03, 2019
Global reinsurers’ outlook is stable on capitalization
September 03, 2019
Saudi MCIT, Nokia ink ink deal to set up global software development unit
September 03, 2019
Saudi consumer spending maintains uptrend: Al Rajhi
September 02, 2019
Experiences that matter at GITEX 2019
DUBAI — The Middle East’s cleaning sector is set for major disruption with technology advances transforming the once labr-intensive industry into an automated arena for a more hygiene, greener and cost-effective environment, according to leading sector players.“Technology is now an essential element in the competitiveness of both cleaning suppliers and the sectors they serve, including facilities management,” explained Abhishek Dalal, Project Manager of Messe Frankfurt, which organises the Clean Middle East Expo, a part of Middle East Cleaning Technology Week, running at the Dubai World Trade Centre on October 15-17.Clean Middle East Expo alongside Gulf Car Wash Car Care Expo make up Middle East Cleaning Technology Week. Gulf Laundrex, presented by Texcare, will take place on...
September 02, 2019
Middle East seeks more hygienic, greener and cost-effective cleaning solutions
September 02, 2019
Fostering innovation culture with vision, context and purpose
September 02, 2019
Hotels.com unveils world’s first half and half hotel room
September 02, 2019
ThreatQuotient to debut at MENA ISC 2019
JEDDAH — Malabar Gold & Diamonds, one among the largest jewelry retailers globally with a strong retail network of over 250 outlets, has opened its 2nd outlet in USA at Iselin, New Jersey. The brand new outlet of Malabar Gold & Diamonds was inaugurated by John McCormac, Mayor of Woodbridge township, New Jersey in the presence MP Ahammed, Chairman, Malabar Group; Dr. PA Ibrahim Haji, Co-Chairman, Malabar Group; Shamlal Ahamed, Managing Director – International Operations, Malabar Gold & Diamonds; Abdul Salam KP, Group Executive Director, Malabar Group; Asher O, Managing Director – India Operations, Malabar Gold & Diamonds; Joseph Eapen, President – US Operations, Malabar Gold & Diamonds; other directors, management team members, media and well-wishers last August 31. The new...
September 02, 2019
Malabar Gold inaugurates its 2nd outlet in US at Iselin, New Jersey
September 02, 2019
Mobily leader in Hosting Infrastructure Services in Saudi Arabia
