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Fire Insurance Policy in UAE

Everybody knows that risk is an inherent aspect of Man’s life. It made him develops and takes precautionary measures to protect himself, his family and properties against risks . Despite being quite aware that such measures will not protect him from his fate, Man tends to take such measures to mitigate the adverse consequences of the risks whenever occurred. Among such measures is insurance whether for life or properties which include “Fire Insurance”. Insurance implies “Safety” and “Security” and legists have defined it as “an agreement that Insurer thereby undertakes to provide insurance against certain risks in consideration of an … Continue reading Fire Insurance Policy in UAE

Maritime Arbitration in Dubai – Emirates Maritime Arbitration Centre

United Arab Emirates (UAE) is the major maritime hubs bridging Asia and Europe. It is located geographically in the cross road of three major international maritime roads: Suez Cana, Bab el-Mandeb Strait and Strait of Hormuz. In the year 2007, His Highness Sheikh Mohammed bin Rashid Al-Maktoum, the Ruler of Dubai, established Dubai Maritime City Authority (DMCA) to monitor, develop and promote maritime activities in Dubai. UAE is registering dense maritime activity in oil and goods transportation. To increase confidence in the UAE market, DMCA took the initiative to establish a specialized maritime arbitration centre known as “Emirates Maritime Arbitration Centre”. Emirates Maritime … Continue reading Maritime Arbitration in Dubai – Emirates Maritime Arbitration Centre