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

A short lived reign?

A short lived reign?

Sulaiman al-Fahim said he may sell a majority stake in Portsmouth to a Saudi investor amid claims the club is suffering from serious financial trouble.


October 4, 2009 10:58 by

UAE-based tycoon Sulaiman al-Fahim is in the news, again.

On Sunday, he revealed he may sell a majority stake in Portsmouth to a Saudi investor, in spite of being the sole owner of the club for a mere two months, reported The Observer.

Al-Fahim, who was admitted to a Dubai hospital with kidney infection on Friday, said the deal may be finalized by Monday.

The Saudi investor, Ali al-Faraj, reportedly leads a consortium of investors interested in the football club.

Al-Fahim said: “I think by Monday or Tuesday [al-Faraj] will be on the board. His consortium will be a major shareholder. And I will keep a minority.”

“Due to my situation I will need rest and meet them on Monday,” al-Fahim added. “My lawyers are [currently] in discussion with the consortium lawyers.”

On Friday Peter Storrie, the Portsmouth’s CEO, said the club urgently needs at least “30 percent of the £50 million” al-Fahim promised to raise by the end of October, or the club would go bust.

Pages: 1 2 3


Tags: , , ,


  1. mishal on October 6, 2009 7:53 am

    So the Michelin tyre got deflated. Was anyone expecting any other outcome?

  2. Andrew on October 6, 2009 11:32 am

    Is there an Arabic equivalent of schadenfreude?


Leave a Comment