HSBC unveils wealth management operation in Kuwait
After launching similar services in the UAE, India and Mexico
Kuwait
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Surge in high net worth Gulf nationals in the UK
Population hit a five-year high with a 28% rise since 2014
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UAE and Saudi Arabia life industry face consolidation says S&P
Regulatory pressures and fierce competition will lead to significant consolidation of the life industry in the UAE and Saudi Arabia over the next two years, according to a report by S&P Global Ratings.
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Kuwait rejects a separate insurance regulator
Kuwait’s Ministry of Commerce and Industry has rejected a proposal to establish a separate body to oversee the insurance industry, despite wide-sweeping reforms to sector’s capital adequacy requirements.
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Number of regulated firms in GCC exceed
The number of regulated financial firms operating in the Gulf Cooperation Council (GCC) has exceeded expectations and is set to continue to rise, new research by Insight Discovery has revealed.
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kuwait cuts cap for expats allowed
Some 30,000 expatriates who work in Kuwait’s public sector stand to lose their jobs after the country’s parliament approved legislation capping the percentage of foreigners allowed to do such work, according to Gulf media reports this morning.
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Nexus plans to enter Kuwait and Lebanon
Middle East-based advisory firm Nexus is planning to expand into Lebanon and Kuwait.
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Kuwait to end modern slavery system for expat workers
Kuwait plans to end the system under which foreign workers are sponsored by Kuwaiti employers