United Arab Emirates (UAE) News

United Arab Emirates Ends Boycott, Opening Commerce With Israel

DUBAI, United Arab Emirates —The ruler of the United Arab Emirates issued a decree Saturday formally ending the country’s boycott of Israel amid a U.S.-brokered deal to normalize relations between the two countries. The announcement now allows trade and commerce …

High-Rise Building Catches Fire in United Arab Emirates

A high-rise tower caught fire Tuesday in the United Arab Emirates and authorities said it wasn’t immediately clear what caused the blaze. The sides of the 48-floor Abbco Tower in Sharjah saw flames shoot up them. The city neighbors Dubai. …

Marsh Taps Adamantiadis from Oman Insurance as CEO of Middle East & Africa

Marsh announced it has appointed Christos Adamantiadis as CEO of a newly combined Middle East and Africa region. The broker also has appointed Ayman El Hout as country leader for the United Arab Emirates (UAE). Based in Dubai, Adamantiadis will …

A.M. Best: Takaful Operators Struggle With Fierce Competition, Profitability

The significant premium growth in the global takaful sector is expected to continue and reach USD$20 billion by 2017, with the majority of that increase originating from Malaysia and Saudi Arabia, according to a new A.M. Best special report. The …