Saudi insurance sector grew 2.3% in 2020: SAMA

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Saudi Gazette report

RIYADH — The insurance sector in Saudi Arabia grew 2.3 percent in 2030 with total written premiums reaching SR38.78 billion, according to the Saudi Central Bank (SAMA) 14th annual report on the Saudi insurance market, issued on Thursday.

The report highlights the performance of the insurance sector in Saudi Arabia in 2020 and the sector’s contribution to the Kingdom’s gross domestic product (GDP).

Energy and Accident & Liability insurance classes showed a notable increase in written premiums. The penetration ratio of the sector increased from 1.3 percent in 2019 to 1.5 percent in 2020. In terms of

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Asia Broadband Proprietary Cryptocurrency Exchange Development Update Available Next Week

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LAS VEGAS, May 06, 2021 (GLOBE NEWSWIRE) — via InvestorWire – Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has achieved substantial progress to date on the planned development path of its proprietary cryptocurrency exchange (the “Exchange”). Subsequent to the recent launch of the Company’s AABBG gold-backed token, created with developer Core State Holdings, Corp. (CSHC), AABB’s own proprietary cryptocurrency Exchange version of AABB Wallet has been under development. The Exchange will allow AABB Wallet users to complete quick two-way exchanges of their AABB Gold tokens for major cryptocurrencies such as Bitcoin,

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Bad news for house hunters: Hiring has slowed for construction workers

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Homebuilders have slowed their hiring pace, even as buyers are clamoring for properties to purchase.

Analysts and economists say the slowdown is a reflection of the exceptional challenges construction firms are facing in sourcing building materials.

Employment in the broader construction sector was flat in April, according to figures released Friday by the Bureau of Labor Statistics. Drilling down to the residential side of the construction industry, the outlook is only slightly improved.

Around 4,400 specialty contractors who work on residential buildings were hired in April, a small uptick yet down from the nearly 19,000 jobs added in March. And

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ICC mobilises business worldwide to convey shared views on trusted government access to private-sector held personal data – ICC

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ICC and Business at the OECD (BIAC) have issued a joint statement to the Organisation for Economic Co-operation and Development on high-level principles for trusted government access to personal data.

ICC and BIAC have joined forces to deliver a statement – supported by over 20 business associations globally – to the OECD as it embarks on developing high-level principles and guidance on government access to private-sector held personal data. The joint business statement features private sector insights on economic consequences associated with the current lack of legal certainty and clarity. The joint statement emphasises the urgency of articulating common practices

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Saudi insurance sector grew 2.3 percent in 2020 amid pandemic

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LONDON: Europe’s consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. But for now, this is inflation the European Central Bank believes it can live with.

Over the past year, the fallout from COVID-19 has contorted both the demand and supply sides of the global economy, creating bottlenecks in supply chains, havoc in freight markets and a rally in raw materials from corn to copper.
Lockdowns, meanwhile, have deprived well-off consumers in Europe and elsewhere of the opportunities to spend their cash, creating record levels of savings and a

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Ethereum, Dogecoin hit all-time highs amid crypto frenzy

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Ethereum and Dogecoin hit all-time highs today amid the crypto frenzy. Yahoo Finance’s Zack Guzman and Emily McCormick share the details.

Video Transcript

EMILY MCCORMICK: But first, we kick off the hour with a discussion of crypto because we are seeing a mixed picture across the board here. Bitcoin prices are off today. It’s been Ethereum that’s been the big winner this week. We had Ether hit an all-time high of more than $3,400 today, extending a rally of well over 300% so far for the year to date. Zack, I know you’ve been watching this space closely. What are

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