Methaq’s network is now composed of 4 fully-operating branches in Abu Dhabi, Dubai, Al Mirfa (in the Western Region), and Al Ain (in the Eastern Region)
Methaq Takaful also plans to open a fifth branch in Jebel Ali, Dubai. The company’s long-term strategy features successive openings of branches throughout the UAE to meet the diverse demands of its customers for insurance products.
Methaq offers car insurance, marine cargo insurance, travel insurance, residence insurance, and a small- and medium-size enterprises (SME) package, along with other products and solutions. The company has also launched, in cooperation with Al Yah Satellite Communications Company (YahSat), an innovative, one-of-a-kind Takaful insurance program for managing satellite risks. This program covers the launch of two satellites into the open space for YahSat, the first of which was successfully launched on 23 April.
Saudi hydrocarbon sector outlook dim
The outlook for Saudi Arabia’s hydrocarbon sector turned bleak in the third quarter of this year, the National Commercial Bank said in its “Saudi Arabia Business Optimism Index – Q3 2014” report rel
China becomes Dubai’s top trade partner in H1
Dubai’s foreign trade in the first six months of 2014 fell 3.7 percent to AED654 billion from AED679 billion in the same last year. The emirate’s foreign trade in 2013 totaled AED1.392 trillion.
More Etihad Airways flights on sale
Etihad Airways confirmed it will start Airbus A380 and Boeing 787-9 Dreamliner operations in December this year, with additional flights on sale this week for both aircraft and an extensive pilot tra