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Arab Misr Insurance to insure Egyptian firm's assets

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Egypt-based Arab Misr Insurance Group S.A.E. has won a nearly $195 million tender to provide insurance cover for local oil and gas services provider The Petroleum Projects And Technical Consultations Co.'s assets, Anwal Al Ghad reports citing sources. The one-year policy will insure Petrojet's assets and properties against fire and burglary. It will also cover for employee personal accident liability as well as breakdown of equipment.

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