Best’s Market Segment Report: Overall Profits for United Arab Emirates-Listed Insurers Grew in 2021 as Underwriting Earnings Fell

Best’s Market Segment Report: Overall Profits for United Arab Emirates-Listed Insurers Grew in 2021 as Underwriting Earnings Fell

LONDON–(BUSINESS WIRE/AETOSWire)– The United Arab Emirates’ (UAE) insurance market maintained its impressive momentum in 2021, posting another year of strong premium growth, analysis from AM Best shows. A new Best’s Market Segment Report, “Overall Profits for United Arab Emirates-Listed Insurers Grew in 2021 as Underwriting Earnings Fell,” examines the preliminary disclosures of the national insurers listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM). The report reveals that while the market has been resilient to ongoing challenging macroeconomic conditions and intense competition, testing market conditions remain and the marginal…

QNET reports 5% YoY growth in direct selling in 2021 in the MENA region

QNET reports 5% YoY growth in direct selling in 2021 in the MENA region

Dubai, United Arab Emirates: QNET, the global e-commerce based direct selling company, reported 5% growth in 2021 compared to 2020 in the Middle East and North Africa (MENA) region, reinforcing the increasing potential of its e-commerce-based direct selling business model in the region. In a statement, QNET said the top three countries in the region that reported higher sales performance were Kuwait, the UAE, and Morocco respectively, while other countries also reported an upward trajectory in sales trends. Ms. Malou Caluza, CEO of QNET said, “2021 was a challenging year…

AIG’s Uplive ranked among fastest-growing apps globally

DUBAI, UNITED ARAB EMIRATES– Asia Innovations Group’s (AIG) flagship app Uplive has been ranked as the world’s third fastest-growing social app by third-party analytical platforms AppAnnie and Sensor Tower. The global rankings, which come hot on the heels of the app’s unveiling of its first-ever Television Commercial for the Middle East region, which aired on Rotana, and a raft of GCC-centric features, exemplified AIG’s leadership in the global live social industry, and are results of AIG’s continued focus to serve the emerging markets. In 2021, AIG’s flagship live streaming app Uplive…

Dana Gas & Crescent Petroleum achieve 50% gas production growth in KRI over past 3 years

Dana Gas & Crescent Petroleum achieve 50% gas production growth in KRI over past 3 years

Sharjah, United Arab Emirates– (AETOSWire) : Dana Gas, the Middle East’s leading publicly listed regional natural gas company, and its partner, Crescent Petroleum, the oldest private oil & gas company in the Middle East, have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million cubic feet of gas per day (MMscf/d) at the end of 2020. The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including a bypass project completed in 2020 as well…