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Rapid rise in demand for trade licences in UAE

There is rapid increase for new trade licences in the UAE with high demand from start-ups and new investors, according to  Sadhic Ali Alimakkanakam,...

Federal Bank launches offshore banking services for NRIs

Federal Bank has launched a range of products, including offshore banking services, for non-resident Indians (NRIs) from its overseas-status branch at the Gujarat International...

Bank of Sharjah reports pre-provision net profit of Dh175 million

Sharjah: Bank of Sharjah Group has reported a pre-provision net profit of Dh 175 million for the period ended 30 September 2021. Upon application of Dh1,475...

Etihad Credit Insurance in deal with Indonesia Re to boost trade

Etihad Credit Insurance, the UAE’s federal export credit agency, signed an agreement with state-owned reinsurance services provider Indonesia Re to boost trade and investment...

UK’s GBS to offer programs at its Knowledge Park campus in Dubai

Dubai: Global Banking School (GBS), one of the largest OfS registered higher education providers in the UK, has announced opening of admissions for September...

Dubai’s basic insurance plan to cover mental health, Ayurveda and Homeopathy

Dubai: Dubai Health Authority (DHA) has said that mental health and alternative medicine treatments such as Ayurveda and Homoeopathy will now be covered under...

UAE central bank revises life and investment selling rules

Dubai: Insurance and investment customers in the UAE are set for a more transparent and protected regime after the UAE central bank issued guidelines...

Loss frequencies expected to reach ...

Immense uncertainty still exists for UAE insurance companies as loss frequencies are expected to reach pre-Covid levels and with lower liquidity in the market,...

Suez canal-stranded ship’s owner, insurers face millions in claims

Dubai: The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totalling millions of dollars...

Dubai investors demand probe into corporate governance lapses in India

A group of investment advisers and investor protection body in Dubai have raised questions about the effectiveness of enforcement agencies and securities market regulator...

UAE merges Insurance Authority with Central Bank

Merger is part of a bigger initiative to transform CBUAE into one of the top 10 central banks globally Dubai: The Central Bank of the...

Life insurance companies offer standard term policy from Jan 1, 2021

New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has mandated all life insurance companies to provide a standard individual term life...