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Shares of Direct Line Insurance surged by over 36% in early trading on 28 November 2024 after the company rejected a £3.28 billion ($4.16 billion) takeover offer from rival Aviva, stating the offer "substantially undervalued" the company. Despite the surge, Direct Line's stock remained below the proposed offer price of 250 pence per share.
Direct Line is an insurance company based in Bromley, England. Founded in 1985, as the country's first direct car insurance company, it has since expanded to offer a range of general insurance products. Its policies are underwritten by the regulated subsidiary UK Insurance Limited, and it is owned by the Direct Line Group.
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In 2017, she left Prudential to join the Direct Line Group (DLG) as chief financial officer. At the time, she was the only woman on the executive committee of DLG. [4] In May 2019, James succeeded Paul Geddes as CEO of DLG. [5] In January 2023, she stepped down and was succeeded by the chief commercial officer Jonathan Greenwood as acting chief ...
On 18 March 2020, Finablr, of which UAE Exchange is a part, announced that the division had been placed under the supervision of the Central Bank of the UAE with immediate effect. The Central Bank of the UAE also stated that it had commenced an examination of the UAE Exchange in order to verify its compliance with applicable laws and regulations.
Emirates Integrated Telecommunications Company P.J.S.C. (Arabic: شركة الإمارات للاتصالات المتكاملة), commercially rebranded as du (دو) in February 2007, is one of the two main telecom operators in the United Arab Emirates. du offers fixed line, mobile telephony, internet and digital television services across the UAE.
The official portal of the UAE Government is u.ae (old URL: government.ae). It is part of the federal eGovernment program and a major milestone in the process of eTransformation in the UAE. This portal brings all eServices provided by the UAE federal and local government bodies under one umbrella.
Initially UAE-IX provided two options to get connected, with a Gigabit Ethernet (1 Gbit/s) or 10 Gigabit Ethernet (10 Gbit/s) port. With 80 regional and global customers connected to UAE-IX, the internet exchange exceeded 100 Gbit/s peak traffic in September 2018 and an additional port option for 100 Gigabit Ethernet (100 Gbit/s) was added.