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Qatar insurer’s profits plummet

Posted On: Oct. 29, 2019 5:16 AM CST

Qatar General Insurance & Reinsurance Co. reported an 88.5% plunge in profits for the first nine months of the year, compared to the same period in 2018, Middle East Insurance Review reported. The company gave no reason for the drop in profits to 8.11 million Qatari riyal ($2.23 million), compared to QAR70.76 million for the same time the year prior.

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