We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Dubai’s Deyaar swings to full-year profit

Dubai’s Deyaar swings to full-year profit

Deyaar Development, Dubai's second largest developer by market value, swung to a small profit in 2011, it said in a statement to the Dubai bourse on Sunday.


February 5, 2012 12:48 by

Deyaar made a net profit of 37.7 million UAE dirhams ($10.3 million) last year, compared to a net loss of 2.87 billion dirhams in 2010.

The company also posted improved fourth-quarter results, according to Reuters calculations, but remained in a loss.

Deyaar made a 7.3 million dirhams net loss in the fourth quarter of 2011, according to Reuters calculations, compared with a net loss of 1.77 billion dirhams during prior-year period.

The developer’s results for both periods in 2010 were hit by large writedowns.

Chief Executive Saeed Al Qatami attributed the full-year profit to the company’s “strong core operations despite challenging market conditions.”

“The company will continue with its focus on completing the projects in the pipeline, growing the existing sources of sustainable income and exploring new business opportunities,” Al Qatami said.

Deyaar’s shares are 6.1 percent up since the beginning of the year. ($1 = 3.6730 UAE dirhams) (Reporting by Mirna Sleiman; Editing by David French) *image from


Tags: , , , ,

Leave a Comment