DOHA: Ahli Bank has completed its third bond issuance for US$ 500 Million under its US$ 1.5 Billion EMTN Programme in the international debt capital markets. The 5 year bond has been assigned an A2 credit rating with a stable…
NEW YORK: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Kansas City Life Insurance Company. Concurrently, AM…
OLDWICK: AM Best has affirmed the financial strength rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of certain operating subsidiaries of MGIC Investment Corporation, which are Mortgage Guaranty Insurance Corporation, MGIC Indemnity Corporation, MGIC Assurance Corporation…
DOHA, QATAR: Qatar Stock Exchange (QSE), in association with Maroon Capital, today started a three-day Investor Relations (IR) training program in Doha with the expert input of the UK IR Society, which delivers their program on global basis having highly…
NEW YORK: The surplus lines market nearly doubled its pace of premium growth in 2018, driven by new investments in operating platforms and a healthy U.S. economy, according to a new AM Best report. The Best’s Market Segment Report, “Surplus…
AMSTERDAM: Euronext has congratulated Prosus (PRX), the global consumer internet group and one of the largest technology investors in the world, on its listing in Amsterdam. The listing of Prosus on Euronext Amsterdam further strengthens Euronext’s position as the leading…
LONDON: Mitie Group has been awarded an extension to its contract to provide integrated facilities management (IFM) services to Lloyds Banking Group (LBG). Mitie has been delivering IFM services to LBG since 2012 under a transformational partnership and this agreement…
DOHA: Ahli Bank rated A2 by Moody’s and A by Fitch, has mandated Al Khaliji Commercial Bank, Barclays Bank, Mizuho Securities, QNB Capital and Standard Chartered Bank as Joint Lead Managers and Joint Bookrunners to arrange a series of fixed…
SINGAPORE: Singapore Exchange (SGX) has been named “Derivatives Exchange of the Year” by Asia Risk magazine for the sixth consecutive year, retaining a prestigious award that recognises best practices in risk management. Asia Risk, a leading industry publication, highlighted SGX’s…
ABU DHABI: Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its India banking portfolio to DCB Bank at par value and will exit its operations in India subsequent to the transaction, a release issued to Abu…
DUBAI: The Dubai Financial Market (DFM) has successfully participated in the Global Emerging Markets Investor Forum (GEMS), one of the largest emerging markets investment forums organized by the HSBC in London, a release said. The DFM and its listed companies…
TOKYO, JAPAN: Daiwa Securities Group Inc., Daiwa Asset Management Co. Ltd. and Global X Management Company Inc. will collaborate in the asset management business, and establish a joint venture (JV), Global X Japan Co. Ltd., to support their customers’ asset…