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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.
More News
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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