Economic News

An Injury to Insurers
OBG
plus

The rising number of motor accident and personal injury claims has got the Brunei insurance industry a little hot under the collar recently, with increasingly large payouts undermining the viability of motor insurance as a business. This has led many within the industry to predict a shake out of weaker players and a period of consolidation. While some may welcome this, others are urging action from…

Economic News

Consolidation of Real Estate
OBG
plus

The government announced the setting up of a new body, Dubai Real Estate Corporation (DREC), that will own and manage all land and property registered under the name of Dubai government. The DREC, established through a decree issued by the emirate's ruler, Sheikh Mohammed bin Rashid Al Maktoum, on June 16, will be responsible for building, investing and utilising commercial and industrial land and…