Author: dailyguardian.ae

GCC Insurance Industry poised for accelerated growth in the next five years, forecasts Alpen Capital DUBAI – January 31st, 2024: UAE-based investment banking advisory firm, Alpen Capital projects the gross written premium (GWP) of the region to grow at a CAGR of 5.3% reaching US$ 44.4 billion by 2028, in its latest GCC Insurance Industry report. The non-life insurance segment is anticipated to grow at a CAGR of 5.4% between 2023 and 2028 reaching US$ 39.6 billion, comprising 89.2% of the region’s GWP by 2028. The report provides a comprehensive overview of the GCC insurance sector, outlining recent trends, growth…

Masters of the Air is the third and final installment in the trilogy of World War II TV dramas that Tom Hanks and Steven Spielberg have been producing for well over 20 years now. Their efforts began with 2001’s Band of Brothers and continued with 2010’s The Pacific, both of which took home the Emmy for Outstanding Miniseries in their respective years. Both aired on HBO, which was seen at the time as the only place where expensive, truly prestige miniseries like them could be made. A lot’s changed since then. Case in point: Masters of the Air isn’t an…

Delivery riders make our lives easier, bringing our food cravings and parcels to the comfort of our homes and offices. They brave risks and challenges on roads to deliver what we need. But have we ever asked them what they want? For Ped Prasad Pandey, a veteran rider of 15 years, a simple smile is more than enough gesture to reciprocate his effort completing a delivery. “What I love most about my work is interacting with the customers,” he told Khaleej Times. “I’m happy to see people receiving their parcels and I feel proud bringing them.” Stay up to date…

Pakistan’s election commission on Wednesday announced an urgent meeting of security officials after a candidate was shot dead and several others wounded in separate attacks a week before the country goes to the polls. Elections in the South Asian nation are often marred by violence, with candidates and rallies targeted by militant groups as well as over personal vendettas. Rehan Zeb Khan, standing as an independent after failing to get a ticket for former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, was shot dead in his car after leaving a stump gathering in the former tribal district of Bajaur…

UAE shoppers bought more gold coins and bullion than jewellery in 2023, meaning buyers had a stronger appetite for investment. According to World Gold Council data released on Wednesday (Jan 31), demand by UAE consumers for bars and coins jumped by 34 per cent to 11.2 tonnes last year as compared to demand for jewellery dropping by 15 per cent from 46.9 tonnes in 2022 to 39.8 tonnes in 2023. This took the total gold demand to 50.9 tonnes last year. The Emirates saw consistent year-on-year growth for coins and bars, taking annual demand to a 10-year high. Safe-haven motives…

Dubai has announced a first-of-its-kind football league for prisoners serving their sentences in the emirate. Fourteen teams will participate in a six-player system, and the matches will be held at Al Awir Prison from April 7 to May 31. Meanwhile, the teams have started their practice sessions and physical exercises inside the detention centres. The Dubai Sports Council (DSC) and Dubai Police are collaborating to organise these matches that people in penal and correctional institutions will play. Speaking to Khaleej Times, Brigadier Marwan Abdul Karim Julfar, Director of the General Department of Punitive and Correctional Establishments at Dubai Police, highlighted…

Carlos Díez de la Lastra, CEO of Les Roches, once again positioned as one of the 150 most influential professionals in tourism in Spain The CEO of Les Roches, who has positioned the institution as one of the top four schools for hotel management and training in the world, continues to expand the brand into new markets such as Abu Dhabi, China, and India. Recently, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has established a hospitality education academy to be managed and guided under the stewardship of Les Roches in Abu Dhabi, which will open…

Looking to begin their climb out of the relegation zone, Burnley are in desperate need of some positive results soon. Unfortunately for Vincent Kompany’s side, a date with his former team Manchester City at Etihad Stadium awaits on Wednesday. The Citizens sit second on the Premier League table and haven’t lost a league match at home since November of 2022, making them massive favorites for today’s showdown. The match is about to start, at 2:30 p.m. ET, and will be broadcast exclusively on Peacock. That means that you can’t watch a legal live stream of the match for free, but…

Dubai’s new strategy for free zones aims to further strengthen Dubai Integrated Economic Zones Authority’s mandate to promote Dubai’s standing as a leading regional and international destination for investment across various categories, thus contributing to the realisation of the emirate’s strategic priorities with respect to integrated economic zones. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the DIEZA, has approved the Authority’s new strategy for 2024-2026. The Authority seeks to follow an economic roadmap aligned with the Dubai Economic Agenda, D33, supporting the D33’s ambitious vision for achieving sustainability, creating a vibrant market characterised by an array of investment opportunities,…

An Indian court weighed in on one of the country’s most sensitive religious disputes on Wednesday by permitting Hindu worshippers to pray inside a mosque in the city of Varanasi. The Gyanvapi mosque is one of several Islamic houses of worship that Hindu activists have sought for decades to reclaim for their religion. It was built in the 17th century by the Mughal empire in a city where Hindu faithful from across the country cremate their loved ones by the Ganges river. The court in Varanasi ruled that Hindu worshippers — who believe the mosque replaced a destroyed temple to…