COVID-19: Recession officially hits UK economy for first time in 11 years

London: The British economy has fallen into recession after official figures Wednesday showed it contracting by a record 20.4% in the second quarter as a result of lockdown measures put in place to counter the coronavirus pandemic. The slump recorded by the Office for National Statistics follows a 2.2% quarter-on-quarter contraction in the first three […]

Abu Dhabi National Hotels posts Dh42m half-year losses

Abu Dhabi: Abu Dhabi National Hotels (ADNH) reported a half-year loss of Dh42 million, with the group’s hospitality segment heavily disrupted by the onset of COVID-19. Compared to the same period last year, the group had recorded a profit of Dh145 million, highlighting the heavy toll the pandemic has caused to the global leisure industry. […]

Transforming the insurance market

Pease share a bit of brand history on InsuranceMarket.ae and its portfolio of services. InsuranceMarket.ae was founded in 2010 with the aim of saving clients time and money when buying insurance for one’s car, health, home, life, travel or business. As a result of our digital-first proposition and the bargaining power that comes from the […]