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.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
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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
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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