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UAE: Central bank releases regulatory sandbox rules
Published on June 1, 2024
The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global FinTech businesses.
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Türkiye: Quake insurance scheme to cover other disasters with effect from the end of June
June 1, 2024
Minister of Treasury and Finance Mehmet Simsek has announced that Türkiye's compulsory earthquake insurance scheme, the Turkish Catastrophe Insurance Pool (TCIP) will be expanded to cover other
Gulf: Floods cause estimated insured losses of as much as US$2.4bn
June 1, 2024
Total insured losses arising from the 2024 Gulf Floods event are estimated to exceed $1.6bn and could reach as high as $2.4bn for the UAE, of which Motor represents ~10%, according to an analysis by
