THE BUSINESS OF EDUCATION - International Indian

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NEXUS: Property Insurance Emphasised at Cityscape 2008
Insurance plays a key role in
protecting what is typically
an individual’s largest single
asset” explained Michael Walton,
Director for General Insurance
at Nexus. Homeowners
need to realise the importance
of purchasing appropriate insurance
before opening the door to
a new property.”
The UAE’s non life sector saw
a dramatic growth over the past
18 months with premiums for
property insurance rising from
AED 8.7 billion in 2006 to AED
11.9 billion in 2007, accounting
Michael Walton, Director for General
Insurance, Nexus.
for as increase rate of 38 percent
according to a report by The
Insurance Authority (TIA).
“With the construction market
growing apace, contractors
increasingly understand the
need to insure these projects
against defect and delay. There
is a growing trend towards
buying “Owner Controlled
Insurance Programs” which are
an effective way to improve the
safety of construction operations
and reduce the cost of insurance
on large projects” said Walton.
“OCIPs will cover the owner,
contractor and subcontractors
and also may include design
professionals. The coverage
can include general liability
(CGL), builder’s risk, worker’s
compensation, design errors
and omissions as well as excess,
umbrella and other special
coverages. Such comprehensive
coverage is essential for
developers undertaking multbillion
investments”
“It is a sure sign of a maturing
market when dedicated trade
exhibitions focus on educating
people on better wealth and
asset protection practices,”
concluded Walton.
www.nexusadvice.com
Taj Hotels Resorts and Palaces
appoints Helmuth H. Meckelburg
as Regional Director Middle East
and North Africa
With the Taj Group
now for almost eight
years, Helmuth H.
Meckelburg worked as the area
director of the Goa Region in
India and was also the general
manager for the Taj Exotica,
Resort and Spa in Goa. During
his term in India, the Taj Exotica
Goa transformed into India’s
best known luxury resort winning
numerous national and international
awards.
With regards to future
expansion, Helmut says
Helmuth Meckelburg , Regional Director
Middle East and North Africa
summarizes, “The Taj Group is currently in a very exiting phase of
its expansion in the Middle East. Over the next 36 months we will
add new properties to our Deluxe Portofolio starting with the Taj
Exotica Resort and Spa on Jumeirah Palm Island, followed by other
properties in Abu Dhabi and Ras Al Khaiman. Further expansion will
happen in Qatar, Bahrain, Kingdom of Saudi Arabia, Oman, Egypt
and Morocco. Our expansion is moving forward full steam, but it
is not our intention to have too many hotels within any destination.
We are establishing our presence in key cities around the world and
choose very carefully were we want to be in the near future.”
Eros launches Samsung
Omnia in the region
The all-in-one maxi-phone
is fully loaded with
top-of-the line multimedia
enhanced smartphone
Eros Group, the sole distributor of
world-renowned brands – Samsung,
Hitachi & Taurus – and
one of the leading players in consumer
electronics, telecom and allied multiproducts
in the Middle East region
announced the launch of the Samsung
Omnia (model name: SGH-i900).
Omnia, meaning ‘everything’ in Latin
and ‘wish’ in Arabic, goes beyond the
current top-of-the-line features available
in today’s mobile phones. The Samsung The Samsung Omnia is
Omnia presents Samsung’s leadership in priced at AED 3,499
design. It features an ultra-slim 12.5-mm
profile and a platinum-look finish that fits snugly in the palm of the
user’s hand. With the Vivid, lively multimedia experience Samsung
Omnia promises to deliver the ultimate in digital entertainment
thanks to a wide 3.2-inch WQVGA LCD.
Samsung Omnia also comes with a five-megapixel CMOS
camera with the latest value-added features, which include autofocus
(AF), face and smile detection and auto-panorama shot. It
offers GPS, including navigation and geo-tagging capabilities, so
users can get their bearings wherever work or life takes them.
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THE INTERNATIONAL INDIAN