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Путешествия по Европе
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BMI: Middle East and Africa Pharma and Healthcare Insight (Jan-12)

2012-01-16 19:16:00 (читать в оригинале)

The insurance sectors of Middle Eastern countries fall into two categories. The first is characterised by a relatively small number of oligopolists, whose positions may be formally protected by law or effectively protected by geopolitical issues (as in Israel and Iran). The second category is characterised by the large number of local players relative to the present market opportunity. Typically they are pure non-life companies, or non-life companies that derive a small portion of total income from life and healthcare products.Often they have a close association with a local banking or trading company that may assist with the procurement of business. The UAE, where local companies account for nearly 80% of the market, is a good example, as life and health insurance constituted only 16.3% of total gross premiums written - AED3.6bn (US$980mn) in 2010.The trade association for non-life, life and composite insurance companies in the UAE is the Emirates Insurance Association. As of June 2011, its membership includes 30 national companies, 26 international companies and 48 brokers. The list of international members is noteworthy because it does not just include global multinationals. Major multinationals with a presence in the UAE include MetLife ALCIO, Chartis, Generali, AXA, Friends Provident International, RSA, Tokio Marine Nichido, Zurich International Life (ZIL) and Zurich Life Insurance. The foreign members also include subsidiaries of Bimeh Iran, Adamjee Insurance (from Pakistan), State Life (Pakistan), al-Ittihad al-Watani (Lebanon), Arabia Insurance, General Insurance Corporation, LIC, QGIC, QIC, The New India Assurance and The Oriental Insurance (all India).

BMI: Middle East and Africa Food and Drink (Jan-12)

2012-01-16 19:16:00 (читать в оригинале)

Spinneys, one of the Middle East and North Africa (MENA)?s largest food retailers, continues to see a lot of room for growth inthe region as demand for organised food retailing continues to rise. In spite of the economic and political upheaval that has rocked the region in 2011, there are still plenty of opportunities for companies such as Spinneys that are already well positioned in a number of markets. Having established a strong business in the Gulf region, it is believed that Spinneys will prioritise growth in the wider MENA area, with counties such as Jordan, Egypt and Lebanon likely to be targeted.

Ajman Bank appoints Mohamed Amiri as Acting CEO

2012-01-16 15:54:45 (читать в оригинале)

The Board of Directors of ?Ajman Bank announced today the appointment of Mr. Mohamed Amiri as Acting CEO. He replaces Mubashar Khokhar, the previous CEO, who has resigned from his position with the bank citing personal reasons as the motivation for his departure.

Fitch: Impact on Dolphin, Nakilat & RasGas from Strait of Hormuz potential closure

2012-01-16 15:18:34 (читать в оригинале)

Fitch Ratings notes the increase in tensions in the Persian Gulf and the Iranian threat to close the Strait of Hormuz, a crucial transit route for global hydrocarbon trade.

Masdar Capital plans to form new renewable energy project platform

2012-01-16 14:51:35 (читать в оригинале)

Masdar Capital, the private equity arm of Abu Dhabi based renewable energy company Masdar, announced plans to form a renewable energy project platform, in partnership with Development Bank of Japan Inc. ("DBJ").


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