X5 becomes first Russian retailer to join UN Global Compact

MOSCOW: X5 Retail Group, a Russian food retailer, announced its accession to the UN Global Compact (UN GC), which is an international business initiative in the field of corporate social…

NNR May 12, 2020

London Exchange

Ryanair to restore 40% of scheduled flights from 1st July

LONDON: Ryanair, Europe's largest low fares airline, has announced plans to return to 40% of normal flight schedules from 1st July 2020, subject to Government restrictions on intra-EU flights being…

NNR May 12, 2020

Wire

Masroor Mahmud appointed GE’s CEO for Pakistan

LONDON: GE has announced the appointment of Masroor Mahmud as its CEO for Pakistan. He is mandated with driving the company’s growth in the country and aligning business strategy across…

NNR May 11, 2020

Wire

Covid lockdown dampens business optimism in Pakistan: D&B Reports

KARACHI: The findings of the Dun & Bradstreet's Business Optimism Index (BOI) for the first quarter of 2020 released on Monday shows that enforcement of the Covid-19 lockdown in the…

NNR May 11, 2020

Ratings

Outlook on Panama’s insurance industry revised to negative amid COVID-19

MEXICO CITY: U.S. based insurance sector rating agency AM Best has revised its market segment outlook on Panama’s insurance industry to negative from stable, citing the significant challenges the country…

NNR May 10, 2020

Australian Exchange

CommsChoice Confirms Peter McGrath as permanent CEO and Managing Director

PERTH: The Board of CommsChoice Group Ltd confirmed the appointment of Mr Peter McGrath in the permanent role as Group CEO and Managing Director. John Mackay, Chairman of CCG, said…

NNR May 10, 2020

Australian Exchange

Johns Lyng Group partners with ZIP to aid strata recovery from COVID-19

SYDNEY: Johns Lyng Group has signed an agreement with buy-now-pay-later operator Zip Co. Limited to assist owners and managers of the Group's 70,000-plus strata titles access cutting-edge decontamination products used…

NNR May 10, 2020

Wire

Bahrain Telecom repays its $650 million bond due on 1st May 2020 and $450 million term loan

MANAMA, BAHRAIN: Bahrain Telecommunication Company (Batelco) has repaid in full US$ 473 million of the outstanding senior unsecured bond issued by a subsidiary company and due on 1st May 2020.…

NNR May 10, 2020

Telemedicine providing virtual consultations to patients across Pakistan during COVID19

KARACHI: “In Pakistan, during COVID19, patients are scared to go to hospitals to avoid exposure, elderly are isolated and confined within their home being most at risk, children and pregnant…

NNR May 10, 2020

Wire

Nabil Habayeb named Senior VP of GE and President & CEO of Global Growth Organization

DUBAI: Nabil Habayeb, GE’s President and CEO for the Middle East, North Africa and Turkey, has been named Senior Vice President, GE, and President & CEO, Global Growth Organization (GGO)…

NNR May 9, 2020

Wire

Microsoft shares guidelines on cybersecurity and data protection during COVID19 lockdowns

NEW YORK: To keep devices safe from cyber attacks during COVID19 lockdowns, Microsoft has shared some useful guidelines on cybersecurity and data protection. “Our world has changed dramatically over the…

NNR May 9, 2020

Oslo Bourse

SpareBank 1 SMN announces new mortgage rate cut

TRONDHEIM: SpareBank 1 SMN, a Norwegian savings bank, is to lower its residential mortgage lending rate by up to 0.40 percentage points. The change is effective as from 25 May.…

NNR May 8, 2020