GDP growth in the Middle East is estimated at just +0.1% in 2019 and forecast to remain subdued at +1.4% in 2020 and +2.1% in 2021, according to Allianz Euler Hermes.
Al Hilal Bank, a wholly owned subsidiary of Abu Dhabi Commercial Bank (ADCB), has agreed to sell Al Hilal Takaful, its Islamic insurance business and operations, to Siraj Holdings.
State owned Misr Insurance Holding has launched Misr Takaful Life Insurance with a capital of EGP150m ($9.5m) in partnership with Banque Misr and the National Bank of Egypt (NBE).
Brought to you by