News Middle East04 Apr 2017

UAE:Orient settles Emaar's US$332-mln fire insurance claim

04 Apr 2017

Mr Omer Elamin, Group President, Orient Insurance (Right) and Mr Ahmad Thani Rashed Al Matrooshi, Managing Director, Emaar Properties.


Dubai-based Orient Insurance has made a payment of AED560 million (US$152.48 million) to Dubai's largest listed developer Emaar Properties being the final instalment towards a total insurance claim of AED1.22 billion ($332 million) over the fire accident at The Address Downtown hotel on 31 December 2015.

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