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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
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Do you trust your insurance provider?
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Emirates NBD to take over troubled Dubai Bank

ENBD may have taken over bank for nil, says analyst. The Dubai Government rescued and took control of Dubai Bank in May; Sheikh Ahmed was named ENBD chairman in June


October 11, 2011 10:18 by

“In the shorter term, ENBD may come under some selling pressure until investors have a clearer picture about the consequences of this decision,” Yasin said.

A week ago, Sheikh Ahmed said that local banks in Dubai have sufficient liquidity to weather a global downturn.

Dubai already also has stakes in six commercial banks in the UAE, including Emirates NBD. ($1=3.673 UAE Dirhams) (Writing by Dinesh Nair; Editing by Will Waterman and Mike Nesbit)

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