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), and the inclusion of these securities in the Level 1 List. The first trading day…
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 departure from the European Union on 31 January 2020 will have little immediate impact on…
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 shopping services following Thursday’s official launch of Klarna Australia. By accessing Klarna through the country’s…
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 insurance broking operations predominantly in Sydney which generates approximately $625,000 of revenue pa. PSI will…
NEW YORK: Nasdaq, Inc. has net revenues of $2.535 billion for the full year 2019, an increase of $9 million from $2,526 million in the prior year. The full year increase in net revenues included a $112 million positive impact…
DUBAI: Moody’s Investor Services has assigned an A2 Insurance Financial Strength (IFS) rating to Oman Insurance Company citing its outlook as ‘Stable’. Moody’s, alongside S&P, is the largest credit rating agency worldwide. According to Moody’s, this rating reflects Oman Insurance…
LONDON: Cabot Square Alternatives PLC has expressed intention to seek admission to the premium listing category of the Official List and to trading on the Main Market of the London Stock Exchange (LSE) through an initial public offering (IPO). As…
DUBAI: Emirates NBD, a leading bank in the region, has posted 44% growth in net profit to AED 14.5 billion for the year ended December 31, 2019 Net interest income increased 26% due to loan growth and non-interest income grew…
DUBAI: Emirates Islamic (EIB), one of the leading Islamic financial institutions in the UAE, has reported a strong set of results with net profit of AED 1.061 billion for the year ended December 31, 2019, surpassing the one billion dirham…
SYDNEY: Genworth Mortgage Insurance Australia Limited announced that Ms. Pauline Blight-Johnston has been appointed Chief Executive Officer and Managing Director; her appointment will take effect on Monday, 2 March 2020. Ms. Blight-Johnston takes over from Mr. Duncan West who was…
OLDWICK: Global credit rating agency, AM Best has downgraded the Financial Strength Rating (FSR) of Florida Family Insurance Company (FFIC) and its subsidiary, Florida Family Home Insurance Company (FFHIC), while the outlook of the FSR has been revised to stable…
ABU DHABI: First Abu Dhabi Bank (FAB) has entered into exclusive discussions with Bank Audi to acquire its fully owned subsidiary in Egypt, Bank Audi Egypt. A working group has been formed to assess the potential acquisition. At the current…