GCC: Many small insurers yet to adopt IFRS 17

Published on August 8, 2023
There are substantial differences in the level of preparedness for International Financial Reporting Standard 17 (IFRS 17) among Islamic insurers across the Gulf Cooperation Council (GCC), says S&P
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2 Killed, 3 Hurt When Pleasure Boat Catches Fire in Southern California Bay

August 7, 2023
Two women were killed and another woman and two men were hospitalized with burns after a weekend fire on a pleasure boat in Long Beach, California,

Kuwait: Reinsurer posts 15% jump in 1H net profit

August 8, 2023
Kuwait Reinsurance Company has reported a net income of KWD4.87m ($15.87m) after tax and zakat for the first half of this year, 15.4% higher compared to KWD4.22m for the corresponding half in 2022,