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 Ratings (ratings) remains stable. The ratings reflect Bahrain Kuwait Insurance’s…
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 Ratings remains stable. The ratings reflect Russian Re’s balance sheet…
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 Pakistan. As part of the new agreement, Air Transport Activities…
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 minority interest of EGP 304 million in 2Q19, up 49%…
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 the food field. Oisix ra daichi launched Food Tech Fund,…
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 the new bypass, four miles from the A27. It is…
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 that it intends to grant mining licences over the Mahab-4…
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 serving elite athletes, sports enthusiasts and the gym lifestyle community….
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 well as renewing their multi-territory deal with ARESA GmbH. EVR…
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) and a 75.1% equity stake in Biocom, through holding company…
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 Global Standard, MSCI Global Small Cap and MSCI Micro Cap…
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 120 million reported for the same period last year. Air…