We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

UAE’s du to pay 15 pct royalty fee from 2010 profit

The commencement of the royalty fee payable to government will be effective from Jan 1, 2010.


February 15, 2011 4:00 by

UAE telecoms provider du will pay 15 percent of its net profit for 2010 as royalty to the government, it said in a statement released on Monday.

Du, partly owned by the ruler of Dubai’s investment company Dubai Holding and Abu Dhabi investment vehicle Mubadala Development Co, said commencement of the royalty fee payable to government will be effective from Jan 1, 2010.

The company is yet to report its full-year results. The telecom’s third-quarter profit more than doubled on strong revenue growth, spurred by a jump in mobile and fixed line subscribers.

“The ongoing royalty for subsequent years will be advised to the company in due course,” the statement said.

Abu Dhabi-based Etisalat the Arab world’s second-biggest telecoms company, lost its monopoly in the UAE market to Du in 2007, and has been aggressively expanding outside its home market since. (Reporting by Dinesh Nair, Editing by Shaheen Pasha)


Tags: , , , ,

Leave a Comment