Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
Empower and its subsidiary, ELIPS, have renewed their ISO certifications, including ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management Systems, and ISO 45001:2018 for Occupational Health and Safety Management Systems. These renewals, following successful audits by Bureau Veritas, demonstrate the companies' commitment to global standards in quality, sustainability, environment, health, and safety. Empower also completed the surveillance audit for ISO 27001:2022, emphasizing its dedication to data protection and corporate governance. CEO Ahmad Bin Shafar highlighted the importance of maintaining high standards and practices to support Dubai's sustainability goals and enhance its global competitiveness.
Takaful Emarat Insurance, a Shariah-compliant life and health insurance provider in the UAE, announced its financial results for the first nine months of 2025, highlighting a significant business turnaround. The company achieved a 51% increase in insurance revenue, reaching AED 444.4 million, compared to AED 293.6 million in the same period in 2024. Net Takaful income rose by 37% to AED 106.2 million, and the company reported a profit of AED 22.8 million, compared to a loss of AED 4.4 million in the previous year. Earnings per share improved to AED 0.11 from a negative AED 0.02. These results reflect successful transformation and operational efficiency initiatives, robust underwriting, and effective customer acquisition strategies.