The Central Bank instructing insurance companies to pay up for flood damage.
23 Apr 2024. We speak to Sonny Ridgewell, Managing Director of insurance brokers- Beneple - about the number of motor claims expecting to exceed AED 1 billion following last week's floods. We also get his reaction to the latest news from The UAE Central Bank as they're instructing insurance companies to pay up for flood damage - the directive covers all homes and cars with “comprehensive” policies. Plus, the CEO of Dubai Financial Market, Hamed Ali, joins us live in studio for an extended interview on the UAE’s IPO boom. We also cross live to Australia to speak to Jessica Amir, Market Strategist, moomoo about Tesla's shares falling 3% overnight. And, as Spinneys sets the price range for its IPO we hear from Samer Deghaili, Co-Head of Investment Banking (MENAT), HSBC.See omnystudio.com/listener for privacy information.