UAE Business Magazine

Best’s Special Report: Cash Collection Remains Problematic for Insurers in the United Arab Emirates

January 15, 2019 UAE Business 0

LONDON — The challenges faced by insurers in the United Arab Emirates (UAE) in relation to insurance debtors can apply additional pressure on already distressed technical margins, according to a new report by AM Best.
In the Best’s Special Report, titled, “Cash Collection Remains Problematic for Insurers in the United Arab Emirates,” AM Best notes that while average insurance debtor days for listed UAE-national insurers has showed an improving trend, they were well above the average for the Middle East and North Africa (MENA) region. Read more

Knowledge Summit 2018

Technology: Making UAE Smarter?

December 6, 2018 UAE Business 0

Technology just might be the next biggest thing for UAE. UAE’s Authorities have been keeping an eye for potential new technologies. Technology is already changing and in most cases improving every aspect of life in UAE. His Excellency Omar Bin Sultan Al Olama, the UAE’s Minister of State for AI, has high hopes for a data-driven UAE and said, “Data is the new oil.” Dubai, the largest city of UAE, aims to be the smartest and happiest city by 2020. Technology is being used to upgrade the whole country’s infrastructure and bettering the lives of many. Read more

Knowledge Summit 2018

How digital technology is transforming UAE

December 5, 2018 UAE Business 0

The United Arab Emirates (the UAE) are unmistakably attempting to transform into a leading technological hub. The UAE has recently declared its national innovation and development system that has been contrasted with a Fourth Industrial Revolution, as detailed by the World Economic Forum. Read more

Knowledge Summit 2018

Knowledge Summit 2018. Watch Live.

December 5, 2018 UAE Business 0

The Mohammed bin Rashid Al Maktoum Knowledge Foundation is organizing It’s fifth annual Knowledge Summit, on December 5-6, 2018 Bearing the theme “Youth and the Future of the Knowledge Economy”

Knowledge Summit 2018

UAE in Top 40 Prosperous Nations

December 5, 2018 UAE Business 0

For right around a hundred years, two estimations have been utilized to get a sense of how well a country is doing. One is GDP or gross domestic product. The gross domestic product (GDP) measures of national income and output for a given country’s economy. The other is its unemployment rate. In any case, with regards to making sense of how well a nation is serving its residents, they may not, in fact, be that helpful at all. Read more

Finance conference speakers take a more optimistic view of shipping market trends

Finance conference speakers take a more optimistic view of shipping market trends

November 9, 2018 UAE Business 0

The fourth Maritime Standard Ship Finance and Trade Conference, held at Abu Dhabi’s Sheraton Hotel and Resort, was in many ways very different from the preceding three events in this increasingly popular series. While in other years the sense of challenge and adversity was dominant, this year speakers at the one-day conference were generally much more optimistic and upbeat about market prospects, although a number of potential hazards on the road to full recovery were also much in evidence. Read more

property UAE

UAE runs first intermodal transport under TIR

September 20, 2018 UAE Business 0

The United Arab Emirates is an important trade hub with a robust economy. TIR (atcuae.ae/tir-system) offers huge potential for improving transit connectivity between ports and borders with free zones and integrating them into the global logistics chain. Read more

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ADNOC Announces US $45 Billion Investment Plan to Become Leading Global Downstream Player

May 15, 2018 UAE Business 0

The Abu Dhabi National Oil Company (ADNOC) unveiled plans to invest US $45 billion alongside partners, over the next five years, to become a leading global downstream player. The plans were unveiled at the ADNOC Downstream Investment Forum, which took place today in Abu Dhabi, UAE. The event brought together more than 40 CEOs and 800 senior business leaders from the global oil and gas, energy, petrochemical and finance industries, as well as many other sectors. Read more

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AURAK Hosts 16th UAE Mathday

May 1, 2018 UAE Business 0

The American University of Ras Al Khaimah hosted the 16th UAE Mathday, featuring keynote speakers: Salah-Eddine Kabbaj of King Fahd University of Petroleum and Minerals, and Nader Masmoudi of New York University. Read more