Oman’s Public Authority for Mining to grant two mining licences

LONDON: Oman's Public Authority for Mining (PAM) will grant two mining licences for the high-grade copper mine developments including Mahab-4 and Maqail South. Savannah Resources has been advised by PAM…

NNR August 8, 2019

London Exchange

Science in Sport launches plant protein range

LONDON: Science in Sport (SIS) has announced the launch of SiS' PLANT20, a high-protein range of plant-based protein bars and powders. Science in Sport is the premium performance nutrition company…

NNR August 8, 2019

London Exchange

EVR Holdings enters into licensing agreements with two key partners

LONDON: EVR Holdings announced that its subsidiary MelodyVR Ltd has entered into music licensing agreements with independent label group, Beggars Group Digital Limited and independent label Domino Recording Company, as…

NNR August 8, 2019

Singapore Exchange Australian Exchange

Sistema becomes shareholder of pharmaceutical businesses Sintez and Biocom

MOSCOW: Sistema, a publicly traded diversified Russian holding company, has completed the acquisition, together with a financial partner, of a 46.5% equity stake in Sintez Kurganskoe Medical Products Company (Sintez)…

NNR August 8, 2019

London Exchange

MSCI equity indexes August 2019 index review

LONDON: MSCI Inc., a leading provider of research-based indexes and analytics, announced the results of the August 2019 Quarterly Index Review for the MSCI Equity Indexes - including the MSCI…

NNR August 8, 2019

Air Arbia posts 75% growth in earnings

SHARJAH, UAE: Air Arabia registered a record net profit of AED 210 million for the three months ending June 30, 2019, an increase of 75 percent compared to the AED…

NNR August 8, 2019

Ithmaar Holding, Ithmaar Bank report half-year profits

MANAMA, BAHRAIN: Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank each announced their financial results for the first half of 2019 with both reporting increased profits for the period. Ithmaar…

NNR August 8, 2019

Arig reported its financial results for half year ended 30th June 2019

BAHRAIN: Arig recorded consolidated net profit of US$ 9.2 million attributable to shareholders for the first half of year 2019 ended June 30, 2019 as against loss of US$ 22.4…

NNR August 8, 2019

Islamic Arab Insurance posts 4.7% growth in earnings

DUBAI: Islamic Arab Insurance Company, (SALAMA) reported net profit for H1 2019 ended June 30, 2019 increased 4.7% to AED 33.3 million from AED 31.8 million in H1 2018. Gross…

NNR August 8, 2019

Ratings

AM Best affirms financial strength rating of Emirates Insurance

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

NNR August 7, 2019

Wire

ADB approves $500mn loan for Pakistan

KARACHI: Asian Development Bank (ADB) has approved a $500 million loan for Pakistan to support and improve trade competitiveness and exports and help finance the trade deficit. Muhammad Hammad Azhar,…

NNR August 7, 2019

UK-funded Karandaaz to promote sustainable energy and economic development

KARACHI: A UK commitment to provide financing for renewable energy and energy efficiency to Pakistan’s industrial Small and Medium Enterprises (SME) sector has been signed by the Department for International…

NNR August 7, 2019