AWNICAl Wathba National Insurance Company (United Arab Emirates)
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"The regional economies are yet far from a serious recovery," AWNIC board chairman Shaikh Saif Al Hamid said in a statement.
AWNIC did not report any gains or losses on securities investments.
AWNIC underwrites general insurance products for Fire and General Accidents, Engineering, Motor Vehicles, Marine, Oil and Energy, Health and Personal Lines.