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 Cabinet approves $1.3B Etihad Rail borrowing

UAE Cabinet approves $1.3B Etihad Rail borrowing

The United Arab Emirates' cabinet has approved plans for Etihad Rail, the developer of a railway network in the country, to borrow 4.7 billion dirhams ($1.28 billion) to finance part of the construction, Dubai's ruler said on Sunday.


January 22, 2012 5:42 by

“We also approved during the meeting for Etihad Rail to borrow 4.7 billion dirhams to finance their new line to Al Ruwais,” Sheikh Mohammed bin Rashid al-Maktoum, who is also UAE vice-president, posted on his official Twitter feed.

No other details were provided.

The rail network, which will cover 1,200 kilometres across the UAE and is projected to cost around $11 billion, is being built in three stages. The line to Ruwais is part of the first phase.

In October, a contract worth 3.3-billion dirhams was awarded to an Italian-UAE joint venture, consisting of Italy’s Saipem , Tecnimont and UAE-based Dodsal Engineering & Construction PTE Ltd, to design, procure and construct the first stage’s infrastructure.

The first stage of the rail network will link the western region cities of Habshan and Ruwais by 2013 and join Shah and Habshan by 2014.

Phase two of the project will connect Abu Dhabi to Jebel Ali in Dubai while the third phase will connect the northern emirates.

Contracts for the second stage are earmarked to be awarded in the third-quarter of 2012, its chief executive said in November.

($1 = 3.6730 UAE dirhams) (Reporting by David French; Editing by Amran Abocar)


Tags: , , ,

Leave a Comment