The Abu Dhabi-based First Gulf Bank (FGB) has launched a new account for busy customers looking to streamline multiple insurance payments.
The First Insure account allows FGB customers to manage and consolidate their insurance-related payments through one source and is linked to both savings and current accounts.
The bank, which was established in 1979 and is majority owned by the Abu Dhabi royal family, says the account is part of its First Insure umbrella that "offers insurance and protection-related products and services" to customers.
First Insure also offers a range of insurance products and services, including education plans, life insurance, retirement solutions, critical illness plans and car insurance.
"Our customers lead a very hectic lifestyle today and we felt there was a huge need for a product which helps streamline all insurance- related payments through one channel," says Mufazzal Kajiji, the head of wealth management and bancassurance at FGB.
"The First Insure account is simple and easy to use and comes with a dedicated relationship officer, which we think will go a long way in making our customers' banking experience easy to use and stress free."
Customers can also gain loyalty points by maintaining a monthly average account balance of Dh5,000 or above, by making insurance payments through their First Insure account, or purchasing an insurance plan through FGB.
For more information, go to www.fgb.ae.
•••
There's still time to enter the New Year Fest, a promotion organised by UAE Exchange that gives customers the chance to win cash and cars by simply remitting their money.
UAE Exchange, one of the oldest currency exchange and remittance houses in the country, says customers need to make just one transaction to qualify to enter the draw. The competition ends on February 3.
A total of 100 customers can win their transaction amount back in their respective payout currencies (to a maximum of Dh10,000), UAE Exchange says, while the mega draw will see one customer win a Nissan Xterra. Two Nissan Sunny cars are also up for grabs.
"We have recently completed 31 years of eventful service and each year has been a milestone in the success of UAE Exchange," says Y Sudhir Kumar Shetty, the chief operating officer of UAE Exchange. "This promotion is our way of saying thank you to our customers, who are the reason for our success."
For details about the competition, go to www.uaeexchange.com.
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Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
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Company%20Profile
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Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Hoopla%3Cbr%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMarch%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Jacqueline%20Perrottet%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2010%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%3Cbr%3E%3Cstrong%3EInvestment%20required%3A%3C%2Fstrong%3E%20%24500%2C000%3C%2Fp%3E%0A
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
The bio
Who inspires you?
I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist
How do you relax?
Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.
What is favourite book?
The Perks of Being a Wallflower - I think I've read it more than 7 times
What is your favourite Arabic film?
Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki
What is favourite English film?
Mamma Mia
Best piece of advice to someone looking for a career at Google?
If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait