Welcome to GulfBase Live Support
The new online system will allow direct contact with the traffic departments and instant updating of the customer’s data before issuing the insurance policy.
By the end of 2010, Methaq started using this system to electronically issue vehicle insurance policies and provide the relative data to traffic and licensing departments in the emirates of Abu Dhabi and Dubai. The company says the system will save the customer’s time and effort during vehicles registration and renewal and cuts the time needed for these procedures, as all the data is available on line.
This move comes in line with the Insurance Authority’s drive to launch an electronic link among all insurance companies in the UAE to establish a unified drivers’ database. It will provide information about accidents caused by the driver, and will help reducing occurrences of traffic accidents by giving drivers motivation, facilities and discounts on insurance policies. It also seeks to promote competitiveness among insurance companies to enhance the quality of their services in the interest of both the insurers and the customers.
The approach, the first of its kind to be implemented by an insurance company in the country, is based on establishing a secure connection with an instant synchronization of data between Methaq’s online platforms to the RTA/Abu Dhabi E-traffic platforms. This will include on-the-spot validation of the Unified Traffic code and the driver’s license / vehicle registration submitted as a final step in completion of issuing the online vehicle insurance policy through the web access of Methaq’s selected business partners and distributers
Hamdan Al Kalbani, IT Manager at Methaq described the electronic link between Methaq and traffic and licensing departments in Abu Dhabi and Dubai as ‘a significant step towards a whole electronic shift, as it will allow an electronic input of the data needed for vehicles registration, renewal and insurance procedures in a paperless environment’.
“The new system provides accurate data, including Unified Traffic code and the driver’s license / vehicle registration. This allows fast procedures in traffic and licensing departments,” he said.
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, hosted students of Sultan Qaboos University (SQU) to highlight the role of Islamic finance in the economic development of Oman.
Oman Daily Observer
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has received the Capital Market Authority’s (CMA’s) approval to increase the original offer size of the Meethaq Sukuk series 1 from O
Times of Oman
Meethaq Islamic financing receivables rose to OMR 902 million of 31 March 2017 compared to OMR 665 million in the same period of 2016. Islamic banking customer deposits amounted to OMR 780 million as
Vodafone Qatar Company has announced that it has amended the company's financial year to start on January 1, instead of April 1, and end on December 31each year.
The company announced in a p
Abraj Al Tahwiliya’, Qatar Industrial Manufacturing Company’s (QIMC) mixed-use development, is set to be a vibrant new addition to Doha’s iconic Corniche skyline, which is expected to be completed by
Commercial start-up of new cement mills at Arabian Cement Co.’s Rabigh plant has been delayed to 3Q18. The mills had been expected to go into operation in 4Q17 but construction work is still ongoing.
National Bank of Kuwait (NBK) has been named the Best Bank in Kuwait 2017 by the international financial publication Global Finance. The award was presented to George Richani, General Manager – Inter
Riyad Bank, Saudi Arabia's fourth-largest bank by assets, on Wednesday reported a 47.7 percent rise in third-quarter net profit, beating analysts' forecasts as income from investments and fees and co