Oman:Foreign insurers increase profits by nearly 50% last year

10 May 2015

Foreign insurance companies in Oman increased their profits by 47% to OMR7.8 million (US$20.3 million) last year compared to OMR5.3 million in 2013. In contrast, local insurers saw their profits fall by 23.4% last year to OMR18.3 million from OMR23.9 million in 2013.

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