UAE Business Magazine

Middle East and North Africa Insurance Ratings: Benchmarking

March 6, 2019 UAE Business 0

The Middle East and North Africa (MENA) insurance markets have seen robust growth over the last decade, according to a new report by AM Best. However, in recent years, the region’s economic growth has slowed, attributable largely to the global economic slowdown and the lower price of oil, the commodity on which these markets depend for infrastructure spending. Read more

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Salim & Sons Group to capitalize on growth opportunities in the region

June 21, 2018 UAE Business 0

Salim & Sons group was established in 1987 and delivers products and services across a vast number of sectors through its subsidiaries – Three Stars foam factory; Sleep Fine; Premiere Furniture (Restonic); Top Line Furniture Industry; Deyar Real Estate; Suwaidi Gulf General Transport; Al Jawal Contracting Company; KSS Contracting; Al Muadalah Chemical Material Trading and BMA studio. The companies work closely with their business partners in the MENA region and continue to forge new partnerships to further explore new business dimensions while building on brand awareness. With innovation as the core focus of its customer and diversification strategies, the group continues to expand its portfolio in the region, keeping pace with the UAE’s rapid evolution and progress. Read more

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New Investment Models Are Needed To Boost MENA Oil & Gas Competitiveness, Crescent CEO Tells OPEC Seminar

June 20, 2018 UAE Business 0
  • Private sector can be an important partner in meeting $320 billion in oil and gas investment in coming years, Jafar tells OPEC ministers and industry leaders.
  • The 2018 OPEC Seminar, under the theme, ‘Petroleum – cooperation for a sustainable future’, examined a range of important energy issues and challenges, helping to explore existing avenues of dialogue and cooperation, while stimulating new ones.

New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna today. The private sector in MENA can be an important partner in oil and gas development, helping boost competitiveness in the industry, he added. Read more

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Takaful in the MENA Region: Finding the Right Ingredients for Success

May 18, 2018 UAE Business 0

A.M. Best believes there are significant opportunities for takaful operators in most Middle East and North Africa (MENA) markets to provide sound financial protection that is in line with consumers’ religious sensibilities, taking into account the huge global Muslim population. However, these opportunities continue to remain disappointingly unrealised, with takaful companies struggling to establish strong business profiles. Read more

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UITP MENA Transport Congress & Exhibition 2018 Is a Success

April 26, 2018 UAE Business 0

Under the patronage of H.H Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, The Roads and Transport Authority (RTA) in Dubai hosted the UITP MENA Transport Congress & Exhibition 2018 from 23rd-25th April 2018 at the Dubai World Trade Center. Over 70 international speakers participated in the event, including the prominent Canadian thinker, Brent Toderian the opening session keynote speaker. Read more