Home insurance in the GCC remains remarkably low, despite arresting reports of fires that have caused costly damage to homes and treasured possessions. Industry players say residents are finally sitting up and taking note, but the transitory nature of expats and a general lack of awareness continue to suppress demand.
It was the new bright spot for global investors, but widespread falling GDP growth and decreased commodity prices has meant Africa's dream of attracting billions of dollars of investment from the GCC is taking longer to realise than anticipated. But ahead of the Arabian Business Africa Forum, stakeholders argue serious returns are there to be made
As Kuwait stares down its first deficit in 20 years, the Gulf state is relying on its financial sector to help navigate choppy fiscal waters. Delayed plans to privatise the Kuwait Stock Exchange are finally on the home stretch and could prove vital to the country’s recovery
DIFC Courts is hearing a case against the Middle East branch of auditor Deloitte for allegedly failing to spot a complex money laundering scheme financing drug trafficking and terrorism from Lebanon. But the accusations also raise questions over whether regional operations of the ‘Big Four’ auditors are appropriately monitored.