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UAE insurers at risk
- United Arab Emirates: Monday, August 20 - 2007 at 07:38
A report by the UAE's Ministry of Economy has shown that local insurance firms remain heavily exposed to the volatility of the stock market, according to Gulf News. The sector had a total of $4.7bn in investments last year, with 57.1% of this tied up in shares and bonds and 28.2% as deposits. Mohammed Al Baali, the Managing Editor of Insure magazine, said insurers remained liable to ongoing loss accumulation.
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Jonathan Sheikh-Miller, Deputy EditorMonday, August 20 - 2007 at 07:38 UAE local time (GMT+4)
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