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Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
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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
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Dubai’s debt restructuring may curb GCC growth

Markets are keenly following the emirate’s debt situation, according to Henry Azzam, CEO of Deutsche Bank's MENA division.


February 10, 2010 9:48 by

The GCC’s recovery may be held back because of tighter lending in the region and Dubai’s debt restructuring, Henry Azzam, CEO of Deutsche Bank’s Middle East and North Africa division, said in a conference on Wednesday.

“All eyes will be on Dubai World, markets are hoping that the restructuring of Dubai World’s (remaining) $22 billion debt will be speedy,” he said. “The risk is that this exercise would be lengthy and could lead to many surprises in the month ahead,” he added.


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