UAE insurance marketplace is anticipated to develop on rising demand, but finding suitable staff is one of the challenges, research has discovered.

Mentioning other challenges the research found that improvement in the legal framework could aid to make the environment more amenable for insurance organizations.

DIB (Dubai Islamic Bank) on Wednesday declared that it made some planned actions to prop up its development and expansion strategy. Addressing the wants of the continually changing atmosphere, the financial institution knows the implication and worth of reorganization its functions.

Hence, it has declared the development of the Support Group and Business Group to make sure the profitable implementation of their strategy by means of an efficient organization structure. “DIB is embarking on a brand new phase of expansion and growth, and our new structure continues to be aligned to capitalise about this company possible,” said Abdulla Al Hamli, CEO of DIB.

The Bahrain Institute of Business and Finance (BIBF) have legally signed a contract with International Finance Corporation (IFC) of the World Bank Group, Washington, to offer two of its training programmes. The programs are entitled 'Bank Risk Management' and 'SME Banking' in the Middle East as well as North African continent (Mena) region.

Bank risk management and small and medium enterprises (SME) financial have emerged, post crisis, as areas of immense significance as well as interest to banks in the Mena area, BIBF stated. The current financial crisis makes the region's banks realise the significance of having effective risk structures in place, it added.

Dubai Bank declared that it has won the award with regard to Banking as well as Finance Implementation of the year in the Arabian Computer News (ACN) Arab Technology Awards.In a highly aggressive area, Dubai Bank was honoured for that innovation of their customer relationship management (CRM) project that has improved the products as well as services it offers to its customers.

Now within their 6th year, the exclusive awards understand the region’s best technologies projects, vendors, integrators as well as providers.The award had been accepted through Dubai Bank CIO Faizal Eledath in the function organized at the Armani Hotel, Burj Khalifa.“The CRM initiative within Dubai Bank was created and implemented with a business philosophy which places the customer at the centre in our bank. This particular comprehensive task protected processes close to customer support, marketing and advertising, throughout multiple channels,” Eledath stated.