UAE: Biggest insurer's net profit climbs by 15% to US$199m

Published on February 1, 2025
Orient Insurance, the leading UAE insurance provider and a subsidiary of the conglomerate Al-Futtaim, has announced that its net profit after tax increased by 15% to AED731m ($199m) in 2024, up from
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Türkiye: Earthquake insurance rate in Kahramanmaras increased

February 1, 2025
The Compulsory Earthquake Insurance (DASK) rate in the provinces affected by the earthquakes in Kahramanmaras has increased from 49% to 57%, according to Türkiye Sigorta eneral manager Taha Çakmak in

Saudi Arabia: IA approves merger of Gulf General and Gulf Union Ahlia

February 1, 2025
The Insurance Authority (IA) has approved the merger of Gulf General Cooperative Insurance Company (GGI) and Gulf Union Ahlia Cooperative Insurance Company (GUAI), announced the two insurers on the