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 banks face $11bn liquidity deficit

Banks in the UAE are reeling under…


October 13, 2009 3:09 by

Banks in the UAE are reeling under bad debts and face liquidity shortfalls of around $11 billion, Shayne Nelson, Standard Chartered’s CEO in the Middle East said on Tuesday. “Liquidity is still short. Its AED30-40 billion short. (This is) the difference between advances and deposits. Straight math,” Nelson said.

Nelson added that because of unsecured lending, banks were also facing an increase in bad debt.

Around 13 banks in the UAE have exposure to the Saudi groups Saad and Ahmad Hamad Algosaibi & Brothers, which are facing billions of dollars in debt, says Reuters.


Tags: , , ,

Leave a Comment