Relm Insurance Ltd has stepped into the MENA region through the acquisition of B&F Partners Ltd., now known as Relm Insurance MENA Ltd. This strategic move enables Relm Insurance to commence operations via its Dubai-based affiliate with a Category 4 licence authorised by the Dubai Financial Services Authority (DFSA). This move solidly positions Relm as
OpenFi, a conversational AI platform for lead generation and customer nurture, announced it has closed a €585k pre-seed funding round. Led by Bijan Morvaridi with additional investments from Fortune Green Capital Ltd and Foundation Ventures Ltd, the funding will be used to expand the product team, build the second version of the platform, integrate with
Shakespeare Communications, a boutique PR firm based in Dubai, has announced its newest client, Krypton Global Investment Consultants LLC (KGI). KGI is a leading consulting firm headquartered in the UAE, with additional offices in Mumbai and London, and ambitious plans to expand into the US and Southeast Asia. The latest client win adds another exciting
Australian lender ANZ has been sanctioned for failing to stop or refund fees for dead customers and not responding to their representatives within a required time frame, a committee that looks at the banking industry’s practices has said. The Banking Code Compliance Committee, a self-regulation body, had in June 2023 come out with its “Deceased
Dubai has fallen out of the top 10 most expensive cities to live well in and ranked 12th, down from seventh last year. A report by Julius Baer said the city was the sixth most expensive in Europe, Middle East and Africa (EMEA), with that region becoming the most expensive in which to live well
The UAE is continuing its run as the destination of choice for high-net-worth individuals (HNWI) with a new report by international investment migration advisory firm Henley & Partners stating that 6,700 ultra rich migrants are expected to make the country their home by the end of 2024. Findings by the ‘Henley Private Wealth Migration Report
A group of 50,000 self-employed women in India have become the first beneficiaries of a novel insurance scheme that pays out when temperatures hit certain extremes. As the temperature crossed 40 degrees Celsius (104 degrees Fahrenheit) between May 18 and May 25, the women in the states of Rajasthan, Gujarat and Maharashtra all received a
Noel Krisnandar Yahja, CFO, SGMW Multifinance Indonesia has carved a niche for himself in the complex world of finance. In his current role, the dynamic leader works to reduce financial risks by developing effective risk management strategies and regulating cash flow. In an attempt to keep up with the changing regulatory environment, such as tax
Saudi Minister of Investment Khalid Al-Falih has underscored a plan to draw investments and financial flows exceeding $3 trillion by 2030. Saudi Arabia, recently participating in the first Sino-Gulf Cooperation for Industries and Investments Forum in Xiamen, China, focused on its ambitious Vision 2030. Led by Minister Al-Falih, the Saudi delegation included key representatives from
Trading and investing platform eToro has partnered with Arabesque AI, an investment advisory and technology company, to launch a new Sharia-compliant portfolio for users in the Middle East. Named ShariaAI-Growth, the portfolio leverages Arabesque’s AI technology and bank of environmental, social, and governance (ESG) data to identify high-growth US stocks that comply with Sharia principles.
