One of the oldest insurance groups, is future-ready

How established is Tokio Marine Insurance? A: Founded in 1879, Tokio Marine Group is Japan’s oldest insurance company with a presence in over 45 countries worldwide. We are deeply committed to the UAE market as we complete 44 years in the UAE with Al Futtaim Development Services as our local agents. Known for its swift […]

Britain to officially enter recession on Wednesday

London: Britain will on Wednesday officially enter recession, with figures set to show an economic collapse of around 20 percent of GDP in the second quarter – the worst contraction in Europe. The Office for National Statistics (ONS), which is due to unveil the latest assessment at 0600 GMT, is uniformly expected to confirm the […]

Online insurance: The shift to digital

From the way we order groceries to the way we watch movies, everything is moving online, and insurance is no exception. Convenience is at the heart of buying insurance online. As customers no longer want to wait in queues or talk to a middleman, the distance between a customer and an insurance company is reduced […]

UAE’s Ducab gets a lift from high-voltage cables, rods in first-half 2020

Dubai: Ducab recorded gains from its high voltage cables, while sales of copper rods were up 15 per cent in the first six months of 2020. But its overall cable business, the largest part of the group, turned in “flat sales” of just under 40,000 MT of conductors. But all through the pandemic-imposed period, Ducab […]

Opec sees oil demand falling by 9.1 million barrels per day in 2020

Abu Dhabi: Lower economic activity levels will see oil demand dropping by 9.1 million barrels per day according to Opec’s latest monthly report, as the group raised its number on demand fall compared to last month. “World oil demand in 2020 is estimated to decrease by 9.1 million b/d, adjusted lower by around 0.1 mb/d […]