BusinessLatest Business and Company Updates
ADNIC consolidates its standing in UAE insurance market
Abu Dhabi National Insurance Company occupies a pivotal place in the UAE’s insurance sector, combining longevity with scale as it navigates a market shaped by regulatory tightening, rising claims costs and growing demand for specialised cover. Founded in 1972 and headquartered in the capital, the company was the first insurer
Sammaan Capital Poised for Affordable Housing Push
Sammaan Capital will sharply expand its affordable housing lending operations after Abu Dhabi’s International Holding Company invested $1 billion for a controlling stake, the non-banking lender’s CEO, Gagan Banga, told Reuters. The infusion is expected to accelerate the drive
Air Arabia profit falls on airspace squeeze
Air Arabia’s first-quarter profit fell 22 per cent as regional conflict disrupted flying, closed airspace and forced temporary operational limits, even as the Sharjah-based low-cost carrier kept revenue broadly stable and filled a higher share of available seats. The carrier reported
Dubai luxury assets secure CPIPG financing
Emirates NBD has extended a AED367.3 million loan facility to Luxembourg-based CPI Property Group, giving the European real estate investor funding cover for deferred payments on a portfolio of ultra-luxury residential units in Dubai through 2026 and 2027. The transaction, equivalent
