by Vasu Jit Kalia | October 2, 2024 | Insurance
The Central Bank of the UAE (CBUAE) has announced that the total profits of the country’s insurance sector amounted to AED2.5 billion in 2023, compared to AED1.96 billion in 2022. This increase was mainly driven by increase in net investment income of the...
by Jennifer George | September 30, 2024 | Economy, Finance, Markets, News
With the November presidential elections right around the corner, the American business community has cast its initial predictions on who will sit at the helm of the US in a new term. According to the 2024 UBS Investor Watch survey, 57% of wealthy investors plan to...
by Jibran Munaf | September 29, 2024 | Finance
India emerged as the top performer in the global IPO market during the first eight months of 2024, securing 227 listings with a total value of $12.2 billion, according to a report by GlobalData. The country’s strong IPO performance is attributed to favorable...
by Jibran Munaf | September 28, 2024 | Corporate Finance
OpenAI, the creator of ChatGPT, is expected to report approximately $5 billion in losses this year, despite generating $3.7 billion in revenue, according to sources familiar with the matter. The company, which saw a staggering 1,700% increase in revenue since early...
by Jibran Munaf | September 27, 2024 | Corporate Finance
United Atlantic Ventures (UAV), a significant early investor in Trump Media & Technology Group, has sold nearly 11 million shares in the company, reducing its stake to just 100 shares. According to a Securities and Exchange Commission (SEC) filing, the sale took...
by Vasu Jit Kalia | September 25, 2024 | Insurance
A new regulation issued by the Central Bank of the UAE for the insurance brokers will come into effect next year. According to this regulation, insurance brokers in the UAE cannot combine their role with any other insurance-related profession, nor can they become...
