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May 24, 2024
Arab countries: rise of investment ins to more than $3 billion in 2023
The Arab Investment & Export Credit Guarantee Corporation (Dhaman) announced that the total value of insurance operations related to trade, investment and finance for Arab countries increased by 3% to more than 3 billion dollars in year 2023. Source: العربية
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Bilal Jarjour
May 22, 2024
UAE: 61% increase in insurance premiums through brokers in DIFC in 2023
In the UAE, the insurance premiums collected through brokerage firms in Dubai International Financial Center during the year 2023 increased by 61% on an annual basis, exceeding $2 billion, out of $2.6 billion as total written premiums las year. Source: أرقام
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Bilal Jarjour
May 22, 2024
Saudi Arabia: the insurance sector profits jumped by more than 50% in Q1
According to Maaal, the insurance companies listed in the Saudi financial market recorded a jump of more than 50% in net profits at the end of Q1 of year 2024, compared to the same period of last year. Source: صحيفة مال
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Bilal Jarjour
May 22, 2024
Algeria: agricultural disaster insurance scheme to be launched shortly
The Caisse Nationale de Mutualité Agricole (CNMA), which dominates the agricultural insurance market, is preparing to launch “very soon” a product covering crops for climate change risks, such as drought and floods. Source: Middle East Insurance Review
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Bilal Jarjour
May 22, 2024
Egypt: the Parliament approves the unified insurance law
In Egypt, the Parliament finally approved, during its plenary session held on Monday 20/5/2024, chaired by Counselor Dr Hanafi Jabali, the unified insurance law. Source: أموال الغد
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Bilal Jarjour
May 18, 2024
Invitation to attend the Ordinary General Assembly Meeting of Arab Reinsurance Company in Istanbul 26-06-2024
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Bilal Jarjour
May 18, 2024
Morocco: Takaful business gains momentum
Takaful generated contributions amounting to MAD65.9m ($6.58m) in the year 2023, according to the Insurance and Social Welfare Supervisory Authority (ACAPS). Source: Middle East Insurance Review
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Bilal Jarjour
May 18, 2024
Turkey: Automobiles have highest traffic insurance coverage rate
The number of vehicles covered by traffic insurance (also known as motor third-party liability insurance) in Türkiye exceeded 23.34m as of the end of March, according to data from the Insurance Association of Türkiye Source: Middle East Insurance Review
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Bilal Jarjour
May 18, 2024
Kuwait: Dissolution of Parliament could speed up reforms — S&P
While Kuwait’s dissolution of its parliament and suspension of parts of its constitution (for no longer than four years) could affect Kuwait’s long-standing institutional checks and balances, the measures are also likely to speed the passage and implementation of much-needed structural reforms, says S&P Global Ratings (S&P). Source: Middle East Insurance Review
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Bilal Jarjour
May 18, 2024
Egypt: Insurance industry discusses feasibility of forming a national reinsurer
The amount of capital needed for the proposed establishment of a reinsurance company in Egypt with a high credit rating is estimated at $150m to $250m, according to Mr Gamal Sakr, African Reinsurance Company’s regional director for North East Africa & Middle East Source: Middle East Insurance Review
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