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News
ADNIC H1 2026 profit falls 14% to Dh201m amid geopolitical risks and flood claims
1+ hour, 54+ min ago (364+ words) Insurance revenue edges up to Dh4.1b while investment income rises to Dh150.4m Dubai: Abu Dhabi National Insurance Company reported a 14.6% year-on-year decline in first-half profit after tax to Dh201 million, with geopolitical risks, flood-related claims and short-term investment market volatility weighing on earnings....
Global Banks Risk $170 Billion Profit Hit by 2030 as AI-Driven Challengers Reshape Finance, DIFC Report Warns
1+ mon, 3+ week ago (829+ words) DIFC report says resilience, AI and data will define the next era of banking Dubai: Global banks could see profit pools fall by $170 billion by 2030 unless they move faster on AI, data and digital-first operating models, according to a new…...
Insurer paid 86 workers. Dubai Court says employer must foot the bill
1+ mon, 3+ week ago (609+ words) Insurer paid 86 workers under UAE scheme; court awards 5% interest too. Dubai: A Dubai court has ordered a company to repay Dh1.38 million to an insurance provider after the insurer paid the outstanding labour entitlements of 86 workers on the company's behalf under…...
UAE residents can now get war risk cover for homes, cars and cargo
2+ mon, 4+ week ago (395+ words) Orient Insurance adds protection for cargo, homes and cars against war-linked risks Dubai: Comprehensive insurance solutions provider, Orient Insurance, has expanded its war risk protection portfolio in the UAE, adding cover for cargo, personal vehicles and residential units at a…...
Will UAE insurance premiums rise if Iran-US conflict escalates further?
5+ mon, 5+ day ago (588+ words) Investment losses, not payouts, seen as main risk for insurers across the Middle East Dubai: As tensions in the Gulf raise concerns about shipping disruptions, airspace closures and higher business costs, many UAE residents are asking a practical question: could…...
Takaful Emarat engages Deloitte to drive strategic growth in shariah-compliant insurance
6+ mon, 2+ week ago (184+ words) The partnership builds capabilities to compete in a rapidly evolving insurance market Takaful Emarat, the UAE’s first dedicated Shariah-compliant life and health Takaful provider, has announced a strategic collaboration with Deloitte to support the development of a five-year strategic roadmap,…...
Why 2026 could make energy and insurance pricier
6+ mon, 3+ week ago (148+ words) Moody’s flags higher climate and AI-driven risks that could hit bills, cover and credit AI is positioned as both a demand shock and a governance challenge. Data centres are driving up power demand, while fragmented rules on data protection and…...
How to raise an insurance complaint in the UAE
7+ mon, 1+ week ago (561+ words) How to file a complaint with Sanadak, the UAE’s official ombudsman for insurance disputes Dubai: If you believe your insurance claim has been rejected unfairly or you have been treated improperly by an insurance provider, you can file a formal…...