Kuwait’s GIC Gulf Insurance acquires French insurer AXA Gulf

French insurance giant AXA Group announced it has relinquished its Gulf region operations to GIC Gulf Insurance for $290 million as it moves to slim its activities. The transaction will enable GIC Gulf Insurance to take control of Axa Gulf Read more

EU new sanctions target seven ministers of Bashar al Assad Cabinet

The European Union, EU, has imposed fresh sanctions on seven ministers of Syrian President Bashar al Assad’s government, Middle East Monitor (MEMO) reports. The new round of sanctions brings the total number of individuals and entities around the Syrian leader Read more

Egypt halts issuance of commercial permits to Syrians over fear of Qatar’s support

Egyptian President Abdelfattah al-Sisi has ordered Minister of Local Development, Mahmoud Sharawi to ensure that Syrians shop owners are not issued new shop license over conspiracy with Qatar and banned Muslim Brotherhood allegations, The New Arab reports. Sharawi, the London-based Read more