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UAE insurers see nearly 4% rise in net profits

Financial results

There was a 3.8% year-over-year growth in the net profits of 23 UAE-listed insurers to AED1.41 billion United Arab Emirates dirham ($384 million) in the first nine months of the year, Middle East Insurance Review reported citing Emirates News Agency. The growth indicates continued activity in the insurance sector while most other sectors struggled with a slowdown in activities over the past months.

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