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May 19, 2025
UAE: Insurers see bright and sunny 1Q2025
The absence of rains coupled with rising premium rates has led to insurance revenue growing by 21% in the first three months of 2025 in the UAE, reaching AED11.9bn ($3.2bn) versus AED9.8bn in the corresponding period last year Source: Middle East Insurance Review
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Bilal Jarjour
May 19, 2025
Egypt: Net property ins premiums to reach EGP 31bn in 2023/2024
Property and liability insurance companies in the Egyptian market achieved net premiums of nearly EGP 31 billion during the 2023/2024 fiscal year, compared to approximately EGP 21 billion during the previous fiscal year, 2022/2023, being a growth of 47.6%. Source: أموال الغد
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Bilal Jarjour
May 19, 2025
Egypt: FRA: Basel III standards to be implemented on non-banking finance companies soon
The Unified Insurance Law represents a qualitative leap in developing the legislative framework regulating the Egyptian insurance market. Source: أموال الغد
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Bilal Jarjour
May 19, 2025
Türkiye: Insurers to cover about 10% of losses from mammoth Istanbul earthquake
Türkiye is expected to suffer economic losses of around $300bn in the event of a major earthquake striking the country’s commercial hub, Istanbul, the president of the Insurance Association of Türkiye (TSB), Mr. Ugur Gulen, said. Source: Middle East Insurance Review
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Bilal Jarjour
May 16, 2025
Egypt: Insurance companies’ profits near EGP 26 billion, a growth of 84.2%
Insurance companies operating in the Egyptian market achieved total pre-tax profits of EGP 25.9 billion during fiscal year 2023/2024, compared to EGP 14.06 billion during the prior fiscal year, representing a growth of 84.2%, according to FRA. Source: أموال الغد
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Bilal Jarjour
May 16, 2025
Jordan: Brighter prospects ahead with the support of technology
The insurance sector in Jordan has huge potential, with active regulatory reforms that will strengthen insurers’ performance. Source: Middle East Insurance Review
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Bilal Jarjour
May 16, 2025
Saudi Arabia: Price corrections needed for insurers amid challenging conditions in 2025
The impact of intense price competition in medical and certain motor segments are now coming through in the Saudi insurance market, says Badri Management Consultancy. Source: Middle East Insurance Review
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Bilal Jarjour
May 16, 2025
US decision to lift sanctions on Syria: Here’s what you need to know
US President Donald Trump announced on Tuesday in Saudi Arabia that he would lift sanctions on Syria. Source: ALJAZEERA
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Bilal Jarjour
May 13, 2025
Qatar: Listed insurers’ profit rises by 11%
Qatar’s seven listed insurers have reported a combined net profit of QAR424m ($116.5m) for the first quarter of 2025 against QAR382m for the corresponding period of the previous year, according to corporate disclosures lodged with the Qatar Stock Exchange. Source: Middle East Insurance Review
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Bilal Jarjour
May 13, 2025
Egypt: New decision regarding the change of auditors
Dr Mohamed Farid, Chairman of the BOD of the Financial Regulatory Authority, issued a decision no 1006 of year 2025; regarding the regulations governing the issuance of a no-objection letter from the Authority when a company’s auditor is replaced by another one with whom the company has a professional partnership. Source: أموال الغد
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