DNIR's results fall by 90%

Following the significant losses sustained on the financial market, Dubai National Insurance and Reinsurance's 2006 results have dropped by 90%. Net profit is estimated at 30.18 million AED (8.2 million USD) in 2006 while in 2005 it was skyrocketing at 305.76 million AED (83.2 million USD).

Gross premiums have collapsed by 43% from 117.2 million AED (31.9 million USD) in 2005 down to 66.9 million AED (18.2 million USD) in 2006.