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FINANCIAL NEWS
S&P highlights UAE insurance market performance
20 Apr 2010
(MENAFN) Standard & Poor’s Ratings Services said that the UAE insurance market has delivered strong technical performance through the economic downturn, Gulf News reported.
According to the report, Dubai-based companies have grown rapidly in recent years and achieved the strongest technical profitability in 2009, but this is expected to slow as a result of slower economic growth.
By contrast, Abu Dhabi’s government plans to continue investing heavily in infrastructure, and shareholder funds are shifting to reflect this, S&P’s credit analyst Kevin Willis said in a statement.
Companies based in Dubai collected 47 percent of the total premium in 2009, Abu Dhabi 38 percent and other emirates 15 percent, the rating agency said in a separate report this month.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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