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- Gulf Bank showcases salary account benefits, featuring a cash gift
- NBB appoints new group Chief Operating Officer
- QNB named MEED's Best Private Bank in Qatar 2025
- QatarEnergy acquires new exploration interest offshore Egypt
- Qatar Electricity & Water Company earns 9 month net profit of QR1,027mn
- Sumou, Diyar Real Estate ink Jeddah infrastructure works deal
- QNB's Operations Control - Policies & Procedures Dept achieves ISO 9001:2015
- QIMC posts 19% profit decline in first nine months of 2025
- China's COOEC wins $4bn QatarEnergy project contract
- How UAE residents can now buy Islamic government bonds from Dh4,000
25/05/2015 01:57 AST
Daman is in advanced discussions to expand its operations to Oman.
The Abu Dhabi-based company operates a joint venture with Munich Re and the pair have been in discussions about the planned venture which would be undertaken with Dhofar Insurance.
"It might be a similar model to our operations in Qatar using Abu Dhabi as the back office hub to generate economies of scale and keep fixed overhead costs lower, at least in the beginning," says the Daman chief executive Dr Michael Bitzer.
Daman started its Qatar business in July 2011 as the country's only specialist health insurer servicing small- and medium-sized enterprises, corporate clients and government customers. The planned operations in Oman could be up and running by the end of the year, ready for the 2016 insurance renewal season.
The expansion comes at a time of fierce competition within the UAE insurance sector. Oman is expected to see a sharp rise in healthcare investment between now and the end of the decade as existing facilities come under pressure to cope with the expanding population. Munich Re said this month it expected to generate gross written premiums of between ?49 billion (Dh198.15bn) and ?51bn globally this year. It expects profits in the range of ?2.5bn to ?3bn.
The National
20/01/2016
The net profit of the shareholders of Damaan Islamic Insurance's (Beema) touched QR63m for the full-year 2015.
The financial results were announced after the company's board of directors'
The Peninsula
04/11/2014
DUBAI-based Daman Investments (DI), one of the UAE's leading investment management companies, plans to proceed with an initial public offering by floating 55% of their equity contingent on obtaining
Saudi Gazette
12/05/2014
Daman Investments, one of the leading UAE-based regional investment management companies, announced on Sunday dividends for the first quarter of 2014 on all its funds.
The flagship Dama
The Gulf Today
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27/10/2025
As part of its ongoing commitment to strengthening direct communication with customers and providing the best banking experiences, Gulf Bank was present at Al Khiran Mall for three consecutive days t
Kuwait Times
27/10/2025
The National Bank of Bahrain (NBB) has announced the appointment of Nabeel Mustafa as Group Chief Operating Officer.
Mustafa brings over 20 years of experience in the financial services sect
Trade Arabia
27/10/2025
QNB has "reaffirmed its leadership in private banking" by being named 'Best Private Bank in Qatar' at MEED's MENA Banking Awards for Wealth and Private Banking 2025.
This prestigious recogni
Gulf Times
27/10/2025
Qatar Electricity & Water Company posted a net profit of QR1,027mn in the first nine months of this year, compared to QR1,189mn in the same period in 2024.
QEWC reported nine-month revenue o
Gulf Times
27/10/2025
Saudi-based Sumou Real Estate Company has announced the signing of an infrastructure development works contract with Diyar Real Estate Development Company (a key entity which represents a real estate
Trade Arabia
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