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NewsHurricane Michael insured losses pegged at $8bn
KCC’s flash estimate for Hurricane Michael includes losses to residential, commercial, and industrial properties as well as automobiles. The early estimate chimes with industry figures who privately estimated a $5bn-$10bn loss bill in the hours leading up to the Cat 4 storm making landfall, as reported by re-Insurance on 10 ...
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FeaturesThe hardship posting to end all hardship postings
It was the hardship posting to end all hardship postings. British officers went quite literally round the bend to get there, writes Matthew Teller, and perhaps sometimes metaphorically too. In 1863 Britain was looking to strengthen its control over the Gulf. The eager new ambassador to the region, Political Resident ...
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FeaturesHow Arabia made its money before the oil rush
To think of Arabia today is to think of unimaginable oil wealth. Less than a century ago, one of its main sources of income was pearl fishing - which was under threat from competition and colonial administrators,
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FeaturesWhen British diplomats ran the Gulf
The India Office exercised colonial rule over an area stretching west as far as Aden. Stories are being brought to light in a £8.7m project for nearly half a million documents relating to the Gulf to be digitised.
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FeaturesThe diplomat who said “No” to Saudi oil
In 1932, amid a global economic slump, the impoverished Saudis came to London looking for a loan. They also had an offer: would Britain like to try drilling for oil?