Finance House P.J.S.C. : Insurance House Appoints New Chief Executive Officer

The new CEO shall bring new business insights and add value to Insurance House’s success and achievements. Mohammed Abdulla Alqubaisi, Chairman of Insurance House, said: “We are pleased to welcome Ahmad Idris to our family as Chief Executive Officer of Insurance House. With determination to accelerate business growth and mark additional success and achievements to Insurance House, Idris’s strategic management skills and extensive experience in the Insurance industry will surely be essential as he takes up the challenge of leading Insurance House to another level”. The newly appointed CEO, Ahamad Idris, Said: “Insurance House has achieved many remarkable milestones in a short period of time. It is certainly an honor to be part of this family.

Finance chiefs back government stimulus programs

Page 1 of 1 Moscow — The top financial officials of the world’s largest economies issued a joint statement Saturday endorsing continued government spending to prime the global economy for a full recovery. “Growth and creating jobs remains our priority,” the statement from the finance ministers and central bank governors of the Group of 20 countries said. It added that the governments in the organization, which collectively represent about 90 percent of the world’s economic activity, “are fully committed to taking decisive actions to return to a robust, job-rich growth path.” Previous communiques issued after such meetings had also indicated support among some members for balancing budgets, not just spending to get out of recession. In this light, Saturday’s statement suggested the weight of policy consensus in large governments was shifting toward continued stimulus. While not openly critical of austerity measures like the across-the-board automatic federal budget cuts in the United States, the statement suggested most governments see recovery as too weak to risk reducing spending on unemployment benefits, job training, education and other public sector outlays.


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