BusinessLatest Business and Company Updates
ADNOC Secures $500 Million AI-Driven Reinsurance Pact
Abu Dhabi National Oil Company has entered an agreement with RIQ to secure over $500 million in risk coverage across the next ten years. The AI-driven reinsurance platform, backed by International Holding Company, will work closely with ADNOC to structure capital-efficient protection tailored to complex operational, climate-related and specialty risks
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ADNOC Secures $500 Million AI-Driven Reinsurance Pact
Abu Dhabi National Oil Company has entered an agreement with RIQ to secure over $500 million in risk coverage across the next ten years. The AI-driven reinsurance platform, backed by International Holding Company, will work closely with ADNOC to structure
Binghatti lines up dollar sukuk after investor calls
Dubai-based luxury property developer Binghatti Holding Limited has instructed banks to arrange a series of fixed income investor calls starting Tuesday, 3 February 2026, as it prepares the ground for a benchmark-sized, five-year, US dollar-denominated sukuk offering, according to transaction
Mlak Finance Exits Egypt With EGP 400 Million Sale
Mlak Finance has completed the sale of its subsidiary in Egypt to Al Baraka Bank Egypt for EGP 400 million, marking its full exit from the Egyptian market. This strategic divestment aligns with the company's broader objectives of streamlining operations
