Business & Investments

GCC Insurance Industry poised for accelerated growth in the next five years, forecasts Alpen Capital

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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 drivers and challenges. It also profiles select insurance companies in the region.

The report was launched over a webinar followed by a panel discussion featuring Fareed Lutfi, Secretary General, Emirates Insurance Association and Gulf Insurance Federation; Sunil Kohli, Chief Executive Officer, Dhofar Insurance Co.; and Krishna Dhanak, Managing Director, Alpen Capital. Hameed Noor Mohamed, Managing Director, Alpen Capital moderated the discussion.

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Sports & Recreations

ILT20 Will Become One of the Toughest Leagues to Play In Soon, Says Mohammad Amir

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ILT20 Will Become One of the Toughest Leagues to Play In Soon, Says Mohammad Amir

Dubai, 31st January, 2024: Considered to be among the best bowlers in the DP World ILT20 Season 2, the Desert Vipers’ left arm pacer Mohammad Amir was on fire against the MI Emirates, helping his side register a thrilling win at the Dubai International Stadium.

Amir, who bagged three wickets for 26 runs in his quota of 4 overs, dismissed the dangerous Kusal Perera for 0, and followed it up with the scalps of Tim David and Trent Boult in the last over of the innings, to restrict the MI Emirates to 149.

Speaking after the match, Amir said, “I got three wickets, so that feels good for sure, but most importantly, the team won the game, and this performance is definitely going to help my confidence, and I hope to continue in this form going ahead in the tournament.”

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Education

Pearson opens bookings for new PTE Core English proficiency test for Canadian economic migration visa purposes

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Pearson opens bookings for new PTE Core English proficiency test for Canadian economic migration visa purposes

Dubai, United Arab Emirates, 31st January 2024: Pearson, the world’s leading learning company, today announced that bookings are now open for PTE Core, its newest English language proficiency test. PTE Core received approval from Immigration, Refugees and Citizenship Canada (IRCC) last year and can now be taken to provide proof of English language proficiency for the purposes of permanent economic immigration to Canada or Canadian citizenship. The first PTE Core tests can be taken from February 12 onwards.

PTE Core is a new addition to the Pearson Test of English portfolio, sharing many of the unique characteristics of PTE Academic. It is a two-hour, computer-based exam taken in a test centre environment that tests four key English language skills: speaking, listening, reading, and writing. The key difference is that PTE Core is relevant for the vocational test taker, designed with a real-life, non-academic focus. It was created to meet Canada’s specific migration needs and the IRCC’s language proficiency requirements but could be used to assess the English proficiency of vocational test takers in any country.

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Health Care

Arabian Healthcare Group Announces Expansion with New Community Clinics in RAK

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Arabian Healthcare Group Announces Expansion with New Community Clinics in RAK

Clinics will feature 24/7 urgent care services, led by experienced internists

31 January 2024; Ras Al Khaimah, UAE– Arabian Healthcare Group (AHG), the leading healthcare provider in the region with RAK Hospital as its flagship brand, in collaboration with CommonSpirit Health, one of the largest hospital systems in the United States, is proud to announce a significant expansion of its services in Ras Al Khaimah (RAK) through the establishment of new community clinics. The initiative is part of AHG’s commitment to serving the entire RAK market across all insurance categories through a comprehensive hub and spoke model.

The overarching goal is to ensure that as mandatory insurance is progressively implemented for local citizens in the Northern Emirates, a trend already underway for expatriates, all new expats and those renewing visas will be required to obtain private insurance. The government is actively advocating for expatriates to utilize private healthcare services.

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Education

Canadian University Dubai partners with Harvard Model Congress Middle East to empower future leaders 

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200 students convene on campus for regional model congress  

Release date, Dubai, UAE: The Canadian University Dubai (CUD) Department of Communication and Media has partnered with Harvard Model Congress Middle East (HMCME) to host a regional youth conference aimed at empowering the leaders of tomorrow. The gathering was convened at CUD for a second time, assembling over 200 high school students to debate and develop practical solutions to some of the biggest current global challenges. 

Across the three-day event, delegates from 23 schools representing 10 countries took on the roles of US Representatives, US Senators, and UN delegates to negotiate complex worldwide issues such as artificial intelligence and cybersecurity, sustainable food systems, global energy policy, and the international migration crisis. Working in collaboration with Harvard students, the high school pupils debated, negotiated and developed policy, to pass a range of resolutions around issues including the regulation of agriculture, the privacy of data, peaceful humanitarian aid, and the prioritization of gender equality in education. This year, Speakfluence were the winners of best small delegation, while Yongsan International School won best large delegation. 

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