Latest news with #AhmedAlJaber
Kuwait Times
25-05-2025
- Sport
- Kuwait Times
Sheikh Ahmed praises great organization by Egyptian federation
SHARM EL SHEIKH: The Fourth Arab Tennis Championship, organized by the Arab Tennis Federation, headed by Sheikh Ahmed Al Jaber Al Abdullah Al Sabah, came to a close at the Soho Square Tennis Complex in Sharm El Sheikh, in cooperation with the Egyptian Tennis Federation. In a press statement, Sheikh Ahmed Al Jaber expressed his satisfaction at the success of the tournament, praising the great organization and efforts made by the Egyptian Federation, headed by Captain Ismail El -Shafei, to present the event in the most beautiful image. Sheikh Ahmed Al Jaber congratulated the winners of the first places in the tournament, praising the performance of all participants and their high level, which increased the beauty and importance of the tournament, while appreciating the cooperation of the players and their interaction and keenness to participate in this event, explaining that the tournament witnessed the participation of more than 100 male and female players from 10 Arab countries. The president of the Arab Tennis Federation thanked the official sponsor of the tournament, for its support and keenness to provide 'Wild Card' cards for the winners in the men's and women's categories, which qualify their holders to participate in five international tournaments organized by the Egyptian Federation under the supervision of the International Tennis Federation (ITF). Sheikh Ahmed Al Jaber emphasized that the tournament will continue with the same momentum, noting that the fifth edition will be held in Riyadh, hosted by the Saudi Tennis Federation. Al Jaber concluded his statement by thanking the Egyptian Tennis Federation for hosting the tournament and providing all the ingredients for its success, as well as all members of the Arab Federation, organizers, players, as well as representatives of the Public Authority for Sport Dhari Al Dhafiri and Ali Al Ansari for attending the closing ceremony of the tournament, stressing that the Arab Federation continues to develop the game in all its competitions and age groups. The tournament witnessed the brilliance of Kuwaiti male and female players, as Kuwaiti champion Ahmed Dashti and his compatriot Asrar Abdul Majeed snatched the first place in the mixed doubles competition (total under 100) by beating the Egyptian duo of Moataz Mabrouk and Lilian Fawzi, while Kuwaiti Hussein Al-Behbehani and Algerian Hamar Al-Ain Abdelhak won the title in the over-35 category by beating Egyptians Adel Hijazi and Mostafa Bahnsi, while the Kuwaiti duo Ahmed Dashti and Moataz Mabrouk came second in the over-45 category as first place went to Hamar Al-Ain and Shadi Tamimi of Jordan, and the runner-up position in the over-45 category. Kuwait's Adel Safar took second place in the men's over-65 category, while the first place went to Egypt's Hussein El-Beltany. Kuwait's Asrar Abdulmajeed took second place in the women's over-35 category, while Bahrain's Reem Al-Hashimi took first place.
Yahoo
12-05-2025
- Business
- Yahoo
IHC to establish reinsurance platform in partnership with BlackRock
Investment firm IHC has revealed plans to set up a new reinsurance platform headquartered in the Abu Dhabi Global Market (ADGM). The platform will leverage AI to enhance its underwriting capabilities, with a focus on aiding growth in the Gulf region and local capital markets. BlackRock has been confirmed as a partner for the venture, providing insurance asset management, advisory services and the integration of its Aladdin technology. Additionally, Lunate will join the initiative, bringing expertise in global, multi-asset investment to the platform. The yet-to-be-named platform will provide property and casualty (P&C), life and specialised insurance products. Operating from the ADGM, it will also cater to international markets, with a particular emphasis on the Middle East and Asia. The platform's operations will be built around an AI-native framework, aiming to improve data analytics and pricing, and expected to enhance risk assessment processes and capital efficiency. A buy-and-build strategy is central to the platform's growth plans, targeting initial liabilities of more than $10bn (Dh36.73bn). The initial equity commitments are projected to be more than $1bn, supplemented by additional financing. BlackRock will make a minority investment in the venture upon completion of the definitive documentation. The leadership of the new company will be under the chairmanship of United Arab Emirates Minister of Industry and Advanced Technology Sultan Ahmed Al Jaber, with former Aviva CEO Mark Wilson at the helm. Al Jaber said: 'Supported by exceptional global partners in IHC, BlackRock and Lunate, the new company will bring deep expertise, a strong capital base, and AI-driven underwriting to enhance efficiency and precision. Furthermore, establishing the company in ADGM gives us access to a robust regulatory framework, a rapidly growing insurance market and dynamic financial hub.' IHC CEO Syed Basar Shueb stated: 'This venture embodies IHC's commitment to innovation and strategic growth. By leveraging our diversified portfolio and deep regional insights, we aim to redefine the insurance landscape, delivering sustainable value to our stakeholders and contributing to the economic prosperity of the region.' In March, BlackRock, along with Allianz and T&D Holdings, agreed to purchase Viridium Group from Cinven for €3.5bn ($3.89bn). "IHC to establish reinsurance platform in partnership with BlackRock " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
