Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Ajman Free Zone signs MoU with Dubai Insurance Company
 

The new service will replace the current bank guarantee


Ajman, United Arab Emirates - August 14, 2019:  Ajman Free Zone has signed a Memorandum of Understanding and associated documents with Dubai Insurance to provide insurance services to workers employed by companies operating within the Free Zone. 

The new service will replace the current bank guarantee system and will cover all workers’ dues including the end of service gratuity, annual leave unpaid salaries and the cost of a return ticket home.  

Mohammad Tahsin Al Ali, Chief Operating Officer at Dubai Insurance Company attended the signing ceremony, with Fatma Salem, Acting General Manager of Ajman Free Zone and senior representatives from both parties. 

Acting General Manager of Ajman Free Zone, Fatma Salem commented: “This agreement forms part of our endeavours to protect the rights of all workers in Ajman Free Zone, as well as assisting investors by removing a financial commitment.  We will continue to take more steps towards making workers’ lives easier, while safeguarding investors’ interests.”  

As per the MoU, Dubai Insurance Company will issue insurance documents for workers that aligns with the terms and conditions stated, ensuring the targeted objectives are achieved in a timely manner.

 


Posted by : Dubai PR Network Editorial Team
Viewed 7113 times
PR Category : Banking & Investments
Posted on : Wednesday, August 14, 2019  3:16:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Saxo Bank completes acquisition of BinckBank
Next Story : Oman Insurance Retains Its Positive Business Momentum
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Parmigiani Fleurier Launches New Tonda Reine De Mai [5330-Views]
Make Up for Ever is Breaking Through With a Lipstick Revolution With Rouge Artist [4604-Views]
World Gold Council and its Members Highlight Commitment to Sustainable Development Goals ... [3210-Views]
Kantar to Launch the First BrandZ Top 30 Most Valuable Emirati and Saudi Brands [3075-Views]
WCU: Saudis Talk Up Oil; Strong Grain Momentum Continues [2956-Views]
Pasha de Cartier - ITW w/Ambassadors [2956-Views]
Iba Cosmetics Launches in the Middle East [2952-Views]
Danube Home Launches Its All New “My Garden 2021” E-Catalogue! [2936-Views]
Dubai Health Authority and Dubai Healthcare City Authority Sign MoU to Strengthen Partners... [2571-Views]
WTTC Launches New Report on the Future of Travel & Tourism in a Post-COVID World [2501-Views]
Be Flawless Trend Edition by essence #MinaXessence [2435-Views]
Back With a Bang: IMAGINE Returns to Dubai Festival City Mall's Festival Bay [2173-Views]
Aspiring Novelists Take Note: The Emirates Litfest Writing Prize is Now Open for 2021 [2148-Views]
5 Simple Ways to Amp Up Your Denim Game for Under AED 100 [2120-Views]
Etihad Airways Celebrates Its Pledge To the Kingdom of Saudi Arabia on Their 90th National... [2075-Views]
Dubai Festival City Mall Launches 2nd Edition of Dubai Home Festival [2070-Views]
Emirates SkyCargo Signs Humanitarian Logistics MoU with International Humanitarian City [2070-Views]
Ras Al Khaimah International Airport Has Secured the Repatriation of 53,000 Indian Citizen... [2066-Views]
Parmigiani Fleurier's New Tonda GT Line' [2009-Views]
New-in Comfy and Trendy Maternity Pieces from Mummyista [1935-Views]
Dubai Culture Reveals Children's Wishes in ‘My Library & Expo' Time Capsule [1911-Views]
Homegrown Concept NÜWATER – The UAE's First Alternative to Plastic Bottled Water [1898-Views]
Sony World Photography Awards 2021 Judges and New Competition Categories Announced [1837-Views]
Range Rover Velar Electrifies With Plug-in Hybrid and State-of-the-Art Infotainment [1751-Views]
Marhaba! Abu Dhabi Offers a Welcome Return to UFC Fight Island for Global Stars [1751-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories