King Salman bin Abdulaziz Al-Saud has approved the Saudi Central Bank Law which provides for, among other things, changing the name of the Saudi Arabian Monetary Authority (SAMA) to Saudi Central Bank, with direct reporting to the King.
The Insurance Authority (IA) has reminded insurance companies to adhere to vehicle insurance tariff limits as it has laid down.
Insured losses from the 4 August devastating Beirut Port explosion reached $1.1bn as of 13 November 2020, according to the Insurance Control Commission (ICC).