https://adgully.me/post/6132/abercrombie-fitch-debuts-first-ever-logo-adaptation-with-middle-east-exclusive

Abercrombie & Fitch debuts first-ever logo adaptation with Middle East exclusive

Abercrombie & Fitch, a leading global specialty retailer, has launched an exclusive Middle East collection featuring its iconic logo in Arabic, adapted for the first time in the brand’s history. Available in all 12 Middle Eastern stores, the move highlights Abercrombie & Fitch’s dedication to creating collections that resonate with customers in the region.The range, which will be available indefinitely in the UAE, Saudi Arabia, Qatar and Kuwait, includes menswear and womenswear pieces designed to blend style with comfort, offering a contemporary twist on casual wear. For men, the collection features sweatpants, hoodies, and t-shirts, while women can enjoy hoodies and sweatpants, all crafted with meticulous attention to detail and quality.In keeping with the region's climate, the collection is made with lightweight terry fabrication for sweatshirts and sweatpants, ensuring optimal comfort even in warm weather. The oversized fits add a modern flair to the classic designs, while premium cotton fabrication elevates the t-shirts to a new level of luxury.Men’s collection preview:MW French Terry Popover – BlackMW French Terry Popover - WhiteMW French Terry Relaxed Jogger - BlackMW Premium Polished Tee – BlackMW Premium Polished Tee - White 2Women’s collection preview:WW French Terry Sunday Full-Zip – BlackWW French Terry Sunday Full-Zip – GreyWW French Terry Sunday Sweatpant - GreyWW French Terry Sunday Full-Zip - WhiteWW French Terry Sunday Sweatpant - WhiteThe permanent casual wear range complements Abercrombie & Fitch’s recent launch of its first Ramadan collection, which features versatile looks suitable for all occasions during the holy month and Eid. The collection includes relaxed linen co-ord sets perfect for moments at home during fasting and elegant ensembles suitable for family gatherings.The exclusive Abercrombie & Fitch collections are available in all stores across the region.
https://adgully.me/post/4939/dubai-insurance-company-gets-a-rating-for-financial-strength-from-fitch-rating

Dubai Insurance Company gets 'A' rating for financial strength from Fitch Rating

For the first time in over five decades of operations, Dubai Insurance Company P.S.C. (DIN) has received an IFS “A” Rating with a Stable Outlook from London’s globally-renowned ratings agency Fitch Ratings (Fitch), a leader in financial information services and award-winning provider of credit ratings, commentary and research.“This is indeed wonderful news, not only for our company but also for the entire insurance industry in the UAE”, said Mr. Abdellatif Abuqurah, DIN’s CEO. He added: “Earning an “A” Rating by one of the most renowned and trusted rating companies in the world illustrates the solid standing of our company and the trust we have managed to earn through decades of hard work, innovation, and commitment to the progress of our nation.”According To Fitch, Din Enjoys A Strong Company Profile. With A Gross Written Premium (gwp) Aed1.5 Billion In 2022, The Company Is Considered The Fourth Largest Publicly Listed Insurer In The Uae By Gwp, Offering A Diversified Mix Of Personal And Commercial Insurance Solutions With Key Government Contracts, Including The Workers Protection Program Products And The Newly Launched Involuntary Loss Of Employment (iloe) Scheme.Abuqurah continued: “This is the first time in the history of DIN that we receive an “A” rating, which reinforces and validates our sound business strategy in line with Dubai Vision 2030, as well as honors our legacy of excellence, and solidifies our positioning as industry pioneers.”In terms of DIN’s capitalization, Fitch viewed it as “Extremely Strong”, with an equally strong regulatory capital ratio of 180% at end-2022. The company’s investment risk makes up the largest individual portion of the capital requirements, noting that DIN has no financial leverage in its capital structure. Furthermore, Fitch reported that DIN boasts a “Very Strong Profitability”, with an underwriting profit of AED78 million in 2022 and a combined ratio of 81%.DIN’s investment portfolio has also played a role in the company’s positive rating. The later had a consistently strong return on equity (RoE) with a five-year average of 12.3%, especially with the current and foreseen success of the WPP and ILOE schemes.Moreover, Fitch reports that “DIN has a fairly large exposure to equity investments at 47% of its investment portfolio at end-2022. Cash and bank deposits make up a further 41% of the investment portfolio, making the overall portfolio highly liquid, although DIN also has a 9% exposure to real estate investments. The company's Fitch-calculated risky assets/capital ratio was 72% at end-202) with risky assets being made up almost entirely of equities.”Last but not least, DIN adopts a prudent reserving philosophy with reserves held in excess of actuarial valuation, which has contributed as well to the company’s positive assessment. It was also found by Fitch that DIN enjoys a “Strong Reinsurance Panel” led by large globally diversified reinsurers .