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

Bomb attack at French-organized World War I commemoration event In Jeddah

An improvised explosive device (IED) went off injuring four people at a World War I commemoration ceremony organized by the French embassy in the Saudi port city of Jeddah. The French foreign ministry reportedly in a statement condemned the incident. Read more