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

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

NewsnReleases

Serica Energy to acquire Pharos Energy in $145.7 million cash deal

DCC Energy agrees to £5.75 billion takeover by KKR and ECP consortium

argenx to acquire Forte Biosciences for $2.2 billion

Evolution Mining to acquire Carnaby Resources in $213 million deal

Kuwait Petroleum secures $16 billion pipeline deal with global investment giants

AM Best affirms credit ratings of Polskie Towarzystwo Reasekuracji

Long term issuer credit rating of Arab Orient Insurance upgraded

Credit ratings of Bahrain Kuwait Insurance remain stable

Financial strength ratings of Russian Reinsurance Company affirmed

Delta Air Lines appoints general sales agent in Pakistan

EFG Hermes reports 49% growth in net profits

Oisix ra daichi establishes Future Food Fund

Londonmetric purchases a regional distribution warehouse for £18 million

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

Science in Sport launches plant protein range

EVR Holdings enters into licensing agreements with two key partners

Sistema becomes shareholder of pharmaceutical businesses Sintez and Biocom

Serica Energy to acquire Pharos Energy in $145.7 million cash deal

DCC Energy agrees to £5.75 billion takeover by KKR and ECP consortium

argenx to acquire Forte Biosciences for $2.2 billion

Evolution Mining to acquire Carnaby Resources in $213 million deal