Arig 1st half profits fall on investment slowdown
Arab Insurance Group (Arig) has announced half-year net profits of $11.4m compared to $18.6m a year earlier.
The firm blamed the profits drop on the volatility of the global financial markets, which dropped investment income to $15.3m from $27.4m for the same period in 2007.
Arig said its core reinsurance
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