Premium air traffic through the Middle East increased rapidly on long-haul routes, as international travel to Europe and the Far East went up 7.5 per cent and 6.6 per cent in March respectively, despite a broadly flat performance globally.
UAE-based Union Insurance Company has posted a 24 per cent increase in gross insurance premium, amounting to Dh172 million ($46.8 million) for the first quarter (Q1) of the year compared to Dh139 million for the same period last year.
Trust Re, a reinsurance company based in Bahrain achieved gross written premium of $452.6 million during the financial year 2014, as against $398 million in the previous year, marking a growth of 13.7 per cent.
The Group’s p
Infiniti has raised the curtain on its vision of a premium sports coupe, ahead of the 2015 North American International Auto Show (NAIAS) in Detroit, US on January 13.
The striking Q60 Concept is poised to entice coupe fans with i
Trust Re, a Bahrain-based reinsurance firm, has reported generating gross written premium of $381.3 million for the first nine months of the current year.
This, the company said, represents an increase of 19.8 per cent on the $318
Dubai Media Incorporated (DMI), a leading media organisation and TV broadcaster in the Middle East and North Africa (Mena) region, has launched a new subscription OTT service for registered users, according to a report.
Bahrain Petroleum Co (Bapco) has sealed its 2015 gasoil and jet fuel term deals at lower premiums than the current year, industry sources said.
Term premiums were set lower as buyers expected reduced import dem
The splintering of the global aluminium price is becoming ever more acute. Physical premiums on both sides of the Atlantic have just sailed through the $500 per tonne level, widening the disconnect between the global reference price set on the L
Abu Dhabi National Oil Co (Adnoc) has finalised its 2015 jet fuel term contracts at slightly lower levels than the current year, industry sources said.
The refinery finalised its January to December 2015 jet fu
Kuwait Petroleum Corp (KPC) has sealed its 2015 gasoil term deal with buyers at a premium of $1.30 a barrel to Middle East quotes on a free-on-board (FOB) basis, down 42 per cent versus its 2014 deal, industry sources said.