FairFX acquires international payment business of Hermex

LONDON: FairFX plc, a subsidiary of Equals Group has acquired the International Payments business of Hermex International Limited, part of the FXPro Group, for a total consideration of £2 million,…

NNR August 9, 2019

London Exchange

Highland commences CBD sales in UK

LONDON: Highlands Natural Resources has announced that its wholly owned, vertically integrated CBD subsidiary, Zoetic has commenced sales in the UK via its website www.zoetic.uk.com. The first product lines in…

NNR August 9, 2019

London Exchange

Circle Property acquires Maidenhead office park for £14.6mn

LONDON: Circle Property Plc has announced the acquisition of Concorde Park, Concorde Road, Maidenhead, a south east office park for £14.6 million. Circle Property invests in, develops and actively manages…

NNR August 9, 2019

London Exchange

IWG announces strategic partnership in Taiwan

LONDON: IWG has entered into a second strategic partnership with TKP Corporation. IWG will divest its Taiwanese operations to TKP and the parties have agreed an exclusive master franchise agreement…

NNR August 9, 2019

Ratings

AM Best affirms credit ratings of Polskie Towarzystwo Reasekuracji

AMSTERDAM: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Polskie Towarzystwo Reasekuracji S.A (Polish Re). The…

NNR August 8, 2019

Ratings

Long term issuer credit rating of Arab Orient Insurance upgraded

LONDON: AM Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Arab Orient Insurance Company. The ratings…

NNR August 8, 2019

Ratings

Credit ratings of Bahrain Kuwait Insurance remain stable

LONDON: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Bahrain Kuwait Insurance Company. The outlook of these Credit…

NNR August 8, 2019

Ratings

Financial strength ratings of Russian Reinsurance Company affirmed

LONDON: AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Russian Reinsurance Company JSC. The outlook of these Credit…

NNR August 8, 2019

Delta Air Lines appoints general sales agent in Pakistan

KARACHI: Delta Air Lines has appointed Air Transport Activities (Pvt) Ltd., part of the Avari Group, as its General Sales Agent (GSA) to strengthen the airline’s sales and marketing presence in…

NNR August 8, 2019

Wire

EFG Hermes reports 49% growth in net profits

CAIRO, EGYPT: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported solid results for second quarter of 2019. Group recorded a net profit after tax and…

NNR August 8, 2019

Singapore Exchange

Oisix ra daichi establishes Future Food Fund

TOKYO: Oisix ra daichi Inc. has announced the establishment of Future Food Fund Inc., an investment-management subsidiary to promote corporate venture capital aimed at investing in start-up companies specializing in…

NNR August 8, 2019

Ratings

Londonmetric purchases a regional distribution warehouse for £18 million

LONDON: LondonMetric Property has purchased a south coast regional distribution warehouse for £17.8 million, reflecting a NIY of 9.0%. The 298,600 sq ft warehouse is located in Bognor Regis along…

NNR August 8, 2019