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FINANCIAL NEWS
GCC investors to launch $10m software firm
17 Oct 2010
(MENAFN) Gulf-based insurance firms are planning to set up a company with an initial capital of $10 million to develop and provide software that meets their industry requirements, Gulf Times reported.
The proposal has been approved by the GCC Co-ordination Commission for Insurance and Reinsurance Companies.
The establishment of the company is now being carried out on a fast track basis, Doha Insurance general manager Bassam Hussein told Gulf Times.
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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