Firms plan joint venture in insurance

Dubai: Insurance group Noble Gresham is to partner with Dr Tarek Bin Laden to set up a regional joint venture company to make their mark in Saudi Arabia, the UAE, Kuwait, Qatar and Bahrain.

"As part of a truly global business, we see great potential in the future for our new joint venture," said the as-yet unnamed venture's Chief Executive David Boorman.

Bin Laden said that with the venture they "have drawn a new line in the sand".

"We will offer our services to regional and multinational companies whose base is in the GCC," Boorman said.