Moody's assigns stable outlook rating to Saudi Re
June 18, 2018

Moody's Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Saudi Re For Cooperative Reinsurance Company (Saudi Re). The outlook for Saudi Re is stable.

Based in Saudi Arabia, Saudi Re writes reinsurance across the regions of Middle East, Africa, Asia and has affiliation in the Lloyd's market.

The A3 IFSR of Saudi Re reflects its:

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Care sale 10% increase with woman driving countdown begins and dealerships import more than 230,000 new cars in five months
June 18, 2018

As we are eight days close to the woman driving decision's entry into force, a number of workers in the automotive sector asserted that the decision would contribute to increasing the sector's sales by 10%, and the hybrid and electric cars' access into the local market after completing the construction of the electric charging stations. They said that 75% of the Kingdom's cars go to the most"...

Row of Sh33b Saudi Arabia royal family project in Kenya escalates as DPP drops fraud charges
June 18, 2018

A multi-billion shilling food security investment by a member of the Saudi Arabia royal family at the Kenyan coast has stalled due to fraud claims and wrangles. A decision by the Director of Public Prosecutions to drop criminal charges facing two individuals accused of attempting to defraud the Saudi prince in the Sh33 billion agro-firm project has added a new twist.

The"...

Saudi Royal Air Forces detect a Ballistic Missile Launched by the Houthi Militias Towards Jazan city
June 18, 2018

The Official Spokesman of the Coalition 'Coalition to Restore Legitimacy in Yemen' Col. Turki Al Malki stated that at (13:39) today, Saudi Royal Air Defense Forces monitored the launch of a ballistic missile launched by the Iran-backed Houthi Militias from inside Yemeni territories (Saada Province) towards the Kingdom's territories.

‏Col."...