ADNIC sustains profitability with 161 per cent increase in net profit
(Press Release - 28/02/2017)
ADNIC has sustained its profitability throughout the year 2016 with strong underwriting results and net technical profit. Net profit increased from AED 205 million for 2016, compared to a net loss of AED 334.5 million for 2015. The realignment of ADNIC's
Meethaq to finance new pharma project in Sohar
(Oman Daily Observer - 28/02/2017)
Meethaq, the Islamic banking window of Bank Muscat, has signed a financing agreement with Drug Manufacturing Company (DMC) for setting up a state-of-the-art manufacturing unit in Sohar Industrial Estate. Sulaiman al Harthy, Deputy Chief Executive Officer
QIC wins shareholders' nod for $760m capital boost
(Trade Arabia - 20/02/2017)
Qatar Insurance Company, a leading insurer in the Gulf region, said it has won approval from the shareholders to increase its capital from QR2.41 billion ($661 million) to QR2.77 billion ($760 million). The company announced this after its annual general
Meethaq launches Visa Signature credit card for Hafawa customers
(Oman Daily Observer - 14/02/2017)
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in line with its commitment to redefining exclusive and relationship based Islamic banking experience, has launched an exclusive Visa Signature credit card for Hafawa Priority Banking
Adnic swings into profit in 2016
(Gulfnews - 13/02/2017)
Abu Dhabi National Insurance Company (Adnic) has swung into profit in 2016 after reporting a loss in the previous year, the company said in a statement. Adnic has reported a net profit of Dh205 million for 2016 compared to a net loss of Dh334.5 million
Saudia selects Tawuniya for its medical insurance
(Saudi Gazette - 12/02/2017)
SAUDI Arabian Airlines (Saudia) has signed a medical health insurance contract with the Company for Cooperative Insurance (Tawuniya). With the signing of this contract, Tawuniya will provide medical insurance services to the employees and their families
Tawuniya most innovative insurance company of 2016
(Saudi Gazette - 02/02/2017)
THE Company for Cooperative Insurance (Tawuniya) was honored as the most innovative insurance company of 2016 at an event held in Dubai last Jan. 26 by the International Finance Magazine (IFM), the leading source of information, analysis and insights for
Doha Insurance posts QR72mn 2016 profit
(Gulf Times - 01/02/2017)
Doha Insurance is planning to convert its Islamic branch 'Doha Takaful' into a full-scale Shariah-principled insurance company as part of its overall restructuring in line with the expansion plans both locally and regionally. This was announced yesterday
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