Access all your insurance needs under one roof

When did Savington Insurance start operations in the UAE, please share a bit of brand history? Savington started operations on April 2006 but it was under a different management. The acquisition happened in the year 2011. We have been successfully managing Savington since then and achieved several milestones. The strong foundation, qualified teamwork, strong commitment […]

Saudi Arabia: 4 companies fined 53m riyals for violating competition law

Dubai: Four Saudi Arabia-based companies have been slapped with fines amounting to 53 million riyals (Dh51.9 million) for violating the competition law, local media reported on Wednesday. The General Authority for Competition (GAC) will soon defame the four companies following verdicts issued against them by the Board of Grievances, later upheld by the Administrative Court […]

UK economy officially in recession after 20.4% Q2 slump

London: The British economy has fallen into recession after official figures Wednesday showed it contracting by a record 20.4% in the second quarter as a result of lockdown measures put in place to counter the coronavirus pandemic. The slump recorded by the Office for National Statistics follows a 2.2% quarter-on-quarter contraction in the first three […]

Lebanon’s Blom Bank considers selling Egypt subsidiary

Cairo/Dubai: Lebanon’s Blom Bank said on Tuesday it was looking to sell its subsidiary Blom Bank Egypt, and that the Egyptian central bank had given approval to begin the due diligence process. Blom has hired CI Capital to advise on a sale that could fetch $250 million to $300 million as the Lebanese lender tries […]