Tadawul market ends week-long advance
2012-04-04 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: On the last trading day in Riyadh ,the Saudi Tadawul market dipped 0.44% Wednesday, closing at 7,930.58 points. After doubling in value year-to-date, Saudi Re for Cooperative Reinsurance dived 2.72% to SR17.85. Competition is fierce in the GCC reinsurance as population growth fuels premium growth. Earlier in the week, Swiss Re, the world's second largest reinsurance companies, announced it has receivd a licence from the Dubai Financial Services Authority (DFSA) to operate in the Dubai International Financial Centre (DIFC). "The Swiss Re Dubai branch will initially focus on offering specialty risk solutions to corporate clients in the Energy, Power, Engineering, Construction and General Aviation (airports, airport-related services and business jets) industries in the Middle East," a Swiss Re spokesperson said.  

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