GPE signs £450 million ESG-linked revolving credit facility
LONDON: Great Portland Estates (GPE) signed a £450 million ESG-linked unsecured revolving credit facility (RCF) at a headline margin of 90 basis points over LIBOR...
RusHydro signs loan agreement with VTB Bank
MOSCOW: RusHydro has announced signing of loan agreement with VTB Bank regarding revolving loan facility for 15 years with limit of up to RUB 30...
Mashreq posts net profit AED 2.1 billion for 2019
DUBAI, UAE: Mashreq Bank, one of the leading financial institutions in the UAE, has reported AED 2.1 billion net profit for the year ending December...
Oman Insurance posts net profit of AED 190.5 million for 2019
DUBAI: Oman Insurance Company has reported a turnaround net profit of AED 190.5 million for the year ended December 31, 2019, making it one the...
Drake & Scull International announces completion of key projects in Kuwait
DUBAI, UAE: Drake & Scull International (DSI), a regional market leader of integrated design, engineering and construction projects, has announced that its Kuwaiti subsidiary, Drake...
ANZ completes sale of OnePath P&I to IOOF Holdings
SYDNEY: Australia and New Zealand Banking Group (ANZ) announced it had successfully completed the sale of its OnePath Pensions & Investments (OnePath P&I) business to...
AM Best affirms credit ratings of Swiss Re’s subsidiary Elips Life Insurance Company
OLDWICK: Global rating agency, AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of...
AM Best upgrades credit ratings of iptiQ Life S.A
LONDON: Insurance sector rating agency AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit...
Etalon GDRs admitted to trading on Moscow Exchange
MOSCOW: Etalon Group Plc, Russia’s largest development and construction company, announced that Moscow Exchange has approved the listing of the Company’s Global Depositary Receipts (GDRs),...
Brexit bells ring for UK and EU insurers: AM Best
LONDON: Global credit rating agency, news publisher and data analytics provider, AM Best has said that from an operational point of view, the United Kingdom’s...
Klarna launches in Australia with CBA
SYDNEY: Commonwealth Bank customers will be able to benefit immediately from using one of the world’s largest and most innovative buy now pay later online...
PSC Insurance to acquire Australian Unity for $1.56mn
MELBOURNE: PSC Insurance Group (PSI) has entered into an agreement to acquire the general insurance broking business of Australian Unity (AU). Australian Unity have general...