Middle East life insurance segment to grow by 17% in 2010.

By bne IntelliNews November 22, 2010
The life insurance segment in the Middle East region is expected to grow by 17% in 2010 after it registered a slowdown last year due to the global financial crisis, news agency African Manager reported quoting MetLife Alico Gulf general manager, Mario Valdes. He added that the industry still needs support and development in the region as it accounts for less than 0.3% of GDP against 8% in the Western countries.

Related Articles

Bahrain Middle East Bank fully repays USD 13mn debt.

Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more

National Bank of Abu Dhabi launches USD 17mn Uridashi bond, MENAs first ever.

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more

GCC economies resilient to MENA turmoil but constrains persist S&P.

The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss