Saturday 5 September 2015
 
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Middle East sees slump in premium air travel

Premium air travel for markets connected to the Middle East had witnessed a gradual climb over recent months but took a dip in June due to the timing of Ramadan, which started in June this year, said a report. The holy month tends to su

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Union Insurance posts 12pc rise in H1 premium

Dubai-based Union Insurance Company has reported a 12 per cent increase in gross insurance premium during the first half (H1) of the year, reaching Dh331 million ($90 million) as against Dh295 million during H1 2014. The company&r

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SNIC’s gross written premium rises 38pc to $40m

Saudi National Insurance Company (SNIC) has reported a 38 per cent increase in gross written premium at BD15.42 million ($40.88 million) for the first six months of the year, compared with BD11.2 million for the same period last year. In line

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Middle East sees rise in premium air traffic

Premium air traffic through the Middle East increased over the recent months, with international travel to Africa and Europe jumping 22.8 per cent and 7.1 per cent respectively, in May. Furthermore, premium travel to the Far East also r

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DME Oman hits six-month high

The Middle East crude market strengthened further, with DME Oman rising to its highest premium in more than six months against Dubai swaps.   Dubai's strength also closed its gap with global benchmark Brent t

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Etihad Airways launches premium twitter channel

UAE’s Etihad Airways has launched an exclusive Twitter account to engage with Gold and Platinum members of its frequent flyer programme – Etihad Guest. The Etihad Premium Twitter channel provides a dedicated online tou

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Middle East premium air travel rises in March

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.

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Union Insurance premium up 24pc in Q1

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.

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Trust Re logs 13.7pc growth in 2014 premium

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

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Infiniti to unveil Q60 premium sports coupe concept

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

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