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Thursday outlook: Oil prices plummet again on worries over rising supply and weak demand

Thursday outlook: Oil prices plummet again on worries over rising supply and weak demand

Oil prices plummet on oversupply and slowing demand. Asian shares edged higher on a rise in Chinese shares. More commentary on Middle East markets, currencies and precious metals

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#Zawya Express

Online onslaught: Insurance firms need to prepare for tech giants' arrival - analyst

Online onslaught: Insurance firms need to prepare for tech giants' arrival - analyst

The biggest threat to local insurance firms may not come from local competitors, but from tech giants such as Amazon moving into the space, an analyst has told Zawya.

Speaking on the sidelines of a conference organised by the United Arab Emirates Insurance Authority in Abu Dhabi on the future of the insurance sector, Muhammad Asad Irshad, a principal at consultancy firm Milliman, said: “Amazon is the biggest threat to insurance. They are already trying to get a license in India for life, health and motor."

Talking in his personal capacity and not on behalf of his company, Irshad added: "Currently, they have a partnership to sell insurance when you buy a product from them.”

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Jameel Ahmad

How currency shocks impacted Emirates

Financial market fluctuations have been caused by issues like trade tensions and weakness across emerging markets

Lukman Otunuga

Oil prices crumble on oversupply fears...will production cuts rebalance markets?

The risk of a full-blown trade war between the US and China is negatively impacting demand for crude oil

Timothy Fox

US: Surprisingly upbeat

Emirates NBD reports on its recent trip to the United States

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Thomson Reuters Business Development MENA

The premier corporate intelligence monitor in MENA, providing you with access to the most comprehensive database of companies and officers in the region, with coverage of all major sectors and industries.

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