SYDNEY: S&P Global Ratings (S&P) announced it has increased the stand-alone credit profiles (SACP) of ANZ and the other major Australian banks by one notch to ‘a’ from ‘a-’. S&P stated that this reflects “the reduced economic risks we see…
BAHRAIN: Esterad Investment Company (ESTERAD) announced at a meeting of its board of directors on Wednesday 23rd October 2019, the nine months financial results for the current year including the financial results of third quarter. Esterad achieved a net profit…
DUBAI: Deyaar Development, one of Dubai’s leading property developers and real estate service providers, announced its financial results for the nine months ended 30 September 2019. The company reported revenues of AED 483.3 million for the nine months ended 30…
HONG KONG: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Marble Reinsurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect Marble Re’s balance sheet…
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) has entered into a memorandum of understanding (MOU) with Singapore Institute of Surveyors and Valuers (SISV) to enhance standards of valuations of real estate and land, a news release said. Under the terms of…
LONDON: London Stock Exchange Group (LSEG) today announced the launch of the Global Equity Segment (GES) on London Stock Exchange plc, following the completion of its first trade, a press release said. The Global Equity Segment will offer trading in…
OLDWICK: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of National Teachers Associates Life Insurance Company and its affiliated entity, NTA Life Insurance Company of New York. Both companies…
NICOSIA: Bank of Cyprus Holdings Public Limited Company (BOC) has announced the completion of the sale of its entire shareholding of 49.9% in its associate CNP Cyprus Insurance Holdings Ltd to CNP Assurances S.A. who owns the remaining 50.1%, following…
DOHA: Qatar Stock Exchange (QSE), in cooperation with MSCI, held a senior level sustainability and ESG engagement session, titled MSCI Qatar ESG & Climate Change Forum in Qatar, with the aim to promote the business case for ESG and sustainability,…
OLDWICK: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of BF&M Life Insurance Company Limited (BF&M Life), BF&M General Insurance Company Limited (BF&M General) and Island…
DOHA: Qatar Stock Exchange (QSE), in collaboration with Iridium Investor Relations, today launches the fifth annual Investor Relations (IR) Excellence Program, which aims to help listed companies in Qatar further improve investor relations best practices. Since its inception in 2015…
LONDON: In a first for the European market, Al Waseelah plc has issued a USD 50 million 10% 7-year Sukuk to finance the expansion of the mining operations for NQ Minerals plc, a UK listed company with a proven track…