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UAE insurance industry's profit rises 2%

Posted On: Aug. 21, 2019 6:09 AM CST

A report by U.A.E.-based actuarial consulting firm Badri Management Consultancy said that the local insurance industry's aggregate profit grew 2% year-over-year to nearly $280 million in the first half, Middle East Insurance Review reported. Of the 29 insurers under review, only one recorded a loss, compared with three insurers posting a loss in the first half of 2018.

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