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Tom Arnold

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Simply Prof

Come on now. Price wars in car insurance? Thats a first. It costs about 2500Dirhams to insure a 3.5litre SUV for a driver with a UAE licence of over 5 years and no-claims discount of about the same number of years. This is equivalent to about £400-£450 in the UK. How can you call this Cheap? On the health insurance alleged price wars, does it cover maternal care? Most insurers don't, from my experience. What part of the country are these wars raging?

twistedtory

I agree that the UAE government is responsible, whether through the Central Bank or other authority, for the policies and parameters to guide the mortgage and real estate markets. I would, however, strongly encourage the Central Bank to also confer with consumers' representatives, as banks are only going to see and, therefore, recommend policies and parameters in their own best interests, which may not be in the best interests of consumers. It is impossible to make everyone happy, but at least a broad consultation and consideration can result in compromise positions that reasonable people can agree to.