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

Nakheel pays Arabtec

Work could restart on 1,500 homes in Dubai.


July 9, 2010 10:34 by

Nakheel has made a large cash payment to Arabtec, reports the National.

It’s the first payment the Dubai World owned developer has made to the UAE’s biggest building firm since the former announced plans to restructure its huge debts. The paper says the payment could pave the way for work to restart on around 1,500 homes in Dubai.

According to the paper the exact amount of the payment has not been disclosed but Arabtec is to receive 40 per cent of what it is owed.

“We’re delighted to report that the transfer has been made and it will probably reach our account today [Thursday],” said Riad Kamal, the chief executive of Arabtec.

The payment means Arabtec will soon be able to restart work on the stalled housing development Al Furjan, says the National.

“We never doubted for a minute that our dues would not be settled and will be delighted to continue with the project once we have been instructed to do so,” Kamal said.


Tags: , , , , ,

Leave a Comment