It’s the rise of the robots: Japan’s second-largest company is now a maker of industrial automation systems, highlighting the rising importance of a less visible sector to a nation long associated …
AM Best: Growing COVID-19-Driven Pressures on Japan Life Insurance Market Prompted Outlook Revision to Negative (AM BestTV)
In this episode of AMBestTV, Jason Shum, associate director, analytics, AM Best, said pressures on the Japan life insurance market, including mortalit …
Japan’s Banking Minnows Swim in Risky Waters
Tell that to Japan’s lenders. Shinsei Bank Ltd. is making its biggest overseas acquisition, buying a consumer-finance unit from Australia & New Zealand Banking Group Ltd. for the equivalent of about …
U.K. Test Data Criticized; Hong Kong Extends Curbs: Virus Update
French Finance Minister Bruno Le Maire vowed not to raise taxes, even as the pandemic dealt a bigger blow to the economy than expected. Hong Kong extended virus-prevention measures after a new cluster …
Hurting Hong Kong’s financial hub status will harm foreign businesses too, city’s commerce secretary says
As “one of three major financial centers” in the world, any damage to Hong Kong’s status as a key hub will have have an impact on foreign firms as well, warned Hong Kong’s secretary for commerce and …
Qatar highest ranking GCC country in 2020 FM Global Resilience Index
Qatar is the highest ranking country in the Gulf Cooperation Council region in the 2020 FM Global Resilience Index, which is the definitive ranking of nearly 130 countries by the resilience of their …
Kuwait’s Jazeera Airways to offer 50,000 free round-trip tickets to frontline workers
Tickets valued at $16.2 million can be used to fly to any destination in the airline’s network and are valid until the end of 2021 Jazeera Airways is offering 50,000 free round-trip tickets valued at …
Oman’s reversal on power supplier payments causes concerns among investors
The state-owned Oman Power & Water Procurement Co. said on May 17 it was partially suspending payments because of the Covid-19 pandemic …
Rami Makhlouf: Tycoon warns of ‘earthquake’ if he is driven from Syrian business scene
An extraordinarily public feud within the Alawite ruling elite of Syria escalates as the saga enters its second month …
Israel Believes Assad’s Syria Is Restarting Its Chemical Weapons Programs
A terrifying pandemic may have the world in its grip, but it’s business as usual in the war-torn Middle East as Tehran and Damascus continue transferring weapons to proxies and Israel continues …