Kuwait: Investment income pushes up GIG's net profit in 1H2023

Published on August 16, 2023
Gulf Insurance Group (GIG) has announced a net profit of KWD25.3m ($82.5m) for the first half of 2023, an increase of 81.7% over KWD13.9m for the corresponding half last year.
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Saudi Arabia: Listed insurers see bumper profits in 1H2023

August 16, 2023
Listed insurers in the Saudi insurance market saw their combined profits before zakat and tax climb to SAR1,988m ($530m) in 1H2023 from SAR27m in 1H2022, says Badri Management Consultancy, an

UAE: State-owned credit insurer set to turn around its financial results in next 3 years

August 16, 2023
Etihad Credit Insurance (ECI) is expected to become profit-making in the next three years as it grows its revenue faster than its expense base following its initial start-up phase, says Fitch Ratings.