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ENBD REIT agrees $75mln Islamic financing deal
More than 4,500 retailers already signed up for VAT refunds scheme for tourists
Online onslaught: Insurance firms need to prepare for tech giants' arrival - analyst
Thursday outlook: Oil prices plummet again on worries over rising supply and weak demand
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Oil rises on expected OPEC cuts, but surging US supply drags
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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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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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