
Contact Insurance Brokerage joins forces with UN Global Compact to champion ESG and women in leadership
This Pearson-certified program is designed to equip women in mid-management positions with the strategic leadership skills, emotional intelligence, and decision-making capabilities necessary to advance into senior executive roles—contributing to a more inclusive and resilient business environment in Egypt.
By joining the world's largest corporate sustainability initiative, Contact Insurance Brokerage takes a bold step toward deepening its commitment to responsible business practices. This partnership not only strengthens the company's leadership position within Egypt's insurance sector but also unlocks opportunities to scale its sustainability impact through access to global knowledge, tools, and capacity building platforms. including business accelerators in key areas such as Business & Human Rights, Climate Ambition, SDG Innovation, and Business Integrity. In addition to the Sustain360 program, UNGCNE's flagship capacity-building program focused on developing core ESG competencies across the private sector, along with full access to the UN Global Compact Academy, the UN's premier digital learning platform offering practical, on-demand training to help businesses integrate sustainability into strategy, operations, and leadership.
'At Contact Insurance Brokerage, we believe that women's empowerment and good governance are not merely social responsibilities; they are fundamental pillars for building strong and sustainable institutions. Our partnership with the UN Global Compact Network Egypt (UNGCNE) is a natural extension of our vision to cultivate a workplace rooted in diversity, equality, and innovation, where equal opportunity is a core value guiding everything we do,' stated Mrs. Nehal Break, Chairman and Managing Director of Contact Insurance Brokerage.
'We consider women's empowerment a strategic priority, essential to achieving sustainable economic growth and strengthening our competitiveness as a leading company in the Egyptian market. This partnership offers a framework of global standards and best practices that will help translate our vision into action while generating measurable impact across our business and the broader community. We hope this step marks the beginning of a broader journey of impactful initiatives in the near future,' Mrs. Break added.
'We value our collaboration with Contact Group, though our partnership with Contact Insurance Brokerage reflects a strong alignment with our mission. Their support for Bloom with Purpose initiative stands as a clear testament to their commitment to empowering women in decision-making roles,' commented Mrs. Walaa El-Husseiny, CEO of the UN Global Compact Network Egypt.
Mrs. El-Husseiny added 'This partnership lays the foundation for impactful, long-term cooperation that we believe will resonate across Egypt's financial sector and labor market. The active engagement of private sector leaders like Contact Insurance Brokerage is essential to advancing the Sustainable Development Goals (SDGs) and strengthening women's leadership across the country.'
It is noteworthy that this partnership clearly reflects Contact Insurance Brokerage's long-standing commitment to creating a positive and sustainable societal impact. It aligns with the group's strategic direction of supporting key societal priorities, including gender equality, quality education, decent employment, and good governance, in line with the Sustainable Development Goals.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
24 minutes ago
- Zawya
Abu Dhabi first-half passenger traffic rises 13% despite regional challenges
Abu Dhabi Airports reported on Monday a 13.1% increase in passenger traffic to 15.8 million in the first half of the year, defying periodic disruptions to air transport in the Middle East caused by conflicts. Abu Dhabi's Zayed International Airport (AUH), the travel hub of the United Arab Emirates' capital city, accounted for the vast majority of the traffic, handling 15.5 million passengers, up 13.2% from the first half of last year. The number of flights at AUH increased by 11.4% to nearly 94,000 in the six months to June 30. Abu Dhabi Airports said some new airlines had joined its network of airports, which had increased the number of destinations, particularly to China and India, and noted demand for both tourism and business travel, without giving details. The increases came despite disruptions including a 12-day war between Israel and Iran last month that triggered airspace closures in some Gulf countries, and forced airlines to suspend and reroute some flights. Etihad Airways, Abu Dhabi's main carrier, suspended Israel-bound flights for several weeks in June and faced temporary cancellations on routes to Kuwait, Doha, and Saudi Arabia's Dammam. Low-cost carrier Wizz Air said last week that it would exit its Abu Dhabi operation starting September 1, citing factors including geopolitical instability. "The first six months of this year have posed some operational challenges," Abu Dhabi Airports CEO Elena Sorlini said in a statement, adding that the company's results demonstrated the resilience of its network. Abu Dhabi Airports also operates Al Ain International Airport, Al Bateen Executive Airport, Delma Island Airport and Sir Bani Yas Island Airport, besides AUH.


Zawya
24 minutes ago
- Zawya
Saudi Awwal Bank records $1.15bln net profit after Zakat and Income Tax for H1 2025
Lubna S. Olayan, Chair of the Board of Directors of Saudi Awwal Bank (SAB), announced today its financial results for the six-month period ending 30 June 2025, reflecting steady growth across key indicators and continued momentum in SAB's strategic transformation. For the first six months of 2025, SAB generated a net profit after Zakat and income tax of SR4.262 billion, reflecting a 5% year-on-year increase. Total operating income rose to SR7,341 million, supported by higher loan volumes and a strong deposit base. Net loans and advances reached SR283 billion, and customer deposits increased to SR297 billion. Return on tangible equity stood at 15.5%, aligned with the Bank's medium-term performance targets. Lubna Olayan, Chair of SAB, said: 'Our H1 performance demonstrates consistent delivery against our long-term strategy. In a changing macroeconomic environment, we remained focused on what matters most: serving customers, improving efficiency, and building resilience. The momentum across our lending and funding platforms reflects the depth of our capabilities and the strength of execution across the Bank.' She added: 'From operational discipline to digital innovation, we are investing in future-ready banking. Our performance is not just a reflection of market conditions, but rather a result of deliberate choices that support long-term value creation for our stakeholders.' In the first half of 2025, SAB made significant strides in advancing its strategic objectives. The Bank achieved a 9% increase in total loans, reflecting robust growth across our well-respected large and institutional corporate segments, as well as retail, housing, and SME segments. The mortgage growth supported SAB's continued leadership in the national homeownership initiative, maintaining its #3 ranking in REDF originations under Vision 2030. Our strong relationship with HSBC also enables us to capture significant share of the flow of multinationals coming into the Kingdom, which results in both lending and increased off balance sheet commitments. Operational efficiencies contributed to an improved cost-to-income ratio, driven by disciplined management and digital process enhancements. Additionally, SAB strengthened its deposit base and liquidity buffers, ensuring we remain a well-funded Bank to support future growth aspirations. The Bank also maintained strong asset quality and continued to generate solid returns, demonstrating its stability and ongoing progress toward strategic goals. The Bank earned several notable industry recognitions in the same period, including the Best Bank in Saudi Arabia for 2025 by Euromoney. It also received awards for Best Innovation in Financial Performance and Best Bank for ESG, among others. As part of its transformation journey, SAB launched a World-Class Financial Services Innovation Centre in 2025. The centre is designed to accelerate innovation in digital banking, customer experience, and promote sustainable finance, further anchoring SAB's leadership in shaping the future of financial services in the Kingdom. Olayan concluded: 'SAB's strategy is built on innovation, trust, and long-term impact. Our strong performance, combined with the depth of our partnerships and the confidence of our customers, positions us well for the future. I thank our team, our Board, our regulators, and our clients for their continued support as we drive progress on all fronts.' © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (


Zawya
24 minutes ago
- Zawya
Saudi Arabia shuts 267 digital platforms to boost unified government services
RIYADH — Saudi Arabia's Digital Government Authority (DGA) has announced the closure and integration of 267 digital platforms across various government sectors as part of ongoing efforts to enhance user experience and increase digital efficiency. The move reflects a broader commitment to improving the quality of government digital services and ensuring platform integration in line with Saudi Arabia's strategic digital transformation goals. According to a statement from the DGA, the closures come under a regulatory framework that includes new governance standards, the adoption of shared technical resources such as the National Single Sign-On system, e-payment gateways, and the Government Integration Channel. All platforms are also required to adhere to the unified design code known as the 'Platform Code,' enabling streamlined and effective digital services. The initiative is part of the 'Inclusive Government' program launched in 2022, which has reduced the number of government digital platforms from 817 to 550 as of the end of H1 2025. The program aims to optimize government resource usage and deliver more efficient and user-centered digital services, supporting the Kingdom's broader digital transformation and improving public satisfaction. The DGA emphasized the importance of collaboration among government entities in developing and managing domains and digital platforms. Central to the strategy is the national app "Tawakkalna," operated by the Saudi Data and Artificial Intelligence Authority (SDAIA), which is being positioned as the primary gateway for accessing unified government services. The authority reaffirmed its commitment to building an integrated digital ecosystem that enhances the performance of digital platforms and elevates the Kingdom's position in global digital government indicators. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (