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

Dana Gas reports 483% increase in net profit to $140mn

SHARJAH, UAE: Dana Gas, the Middle East's largest regional private sector natural gas company, announced H1 2019 ended June 30, 2019 net profit jumped 483 % to $140 million compared…

NNR August 7, 2019

KIA introduces first-ever all wheel vehicle in Pakistan

KARACHI: KIA Lucky Motors (KLM) has launched the much-awaited, Pakistan’s first all-wheel 2000 CC SUV. KIA Sportage is Pakistan’s first All-Wheel Drive car with 100,000 km or 4 years warranty.…

NNR August 7, 2019

London Exchange

Europa Oil & Gas awarded 15-year Frontier Exploration Licence, Offshore Ireland

LONDON: Europa Oil & Gas, the UK and Ireland focused oil and gas exploration, development and production company, has announced that the Irish government approved the Company’s application to convert…

NNR August 7, 2019

London Exchange

James Fisher and Sons acquires 60% stake in Continental Participação E Administração

LONDON: James Fisher and Sons has announced the acquisition of 60% of the share capital of Continental Participação E Administração Ltda., the holding company of Serviços Marítimos Continental S.A. for…

NNR August 7, 2019

London Exchange

Avon Rubber to acquire 3M’s Ballistic-Protection Business

LONDON: Avon Rubber has signed an agreement to acquire 3M's ballistic-protection business and the rights to the Ceradyne brand for an initial cash consideration of approximately $91 million, subject to…

NNR August 7, 2019

London Exchange

UKOG to acquire Tellurian’s subsidiary Magellan Petroleum

LONDON: UK Oil & Gas (UKOG) has signed a binding heads of terms with Tellurian Investments LLC to acquire the entire share capital of its subsidiary Magellan Petroleum (UK) Investment…

NNR August 7, 2019

London Exchange

CentralNic Group completes acquisition of Hexonet Group

LONDON, UK: CentralNic Group, the global internet platform that derives revenue from the subscription sales of internet domain names, has announced the acquisition of Hexonet Group is now complete. Hexonet,…

NNR August 7, 2019

NewsnReleases

Nvidia agrees to acquire Hugging Face for $12.9 billion

hVIVO acquires CRS Clinical Research Services Berlin GmbH

Tonner Drones acquires Azur Drones, expands defense and security portfolio

eEnergy appoints John Gahan as permanent CEO following interim stint

Boliden to acquire controlling stake in Nexa Resources in $1.31 billion stock deal

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

Islamic Arab Insurance posts 4.7% growth in earnings

AM Best affirms financial strength rating of Emirates Insurance

ADB approves $500mn loan for Pakistan

UK-funded Karandaaz to promote sustainable energy and economic development

Dana Gas reports 483% increase in net profit to $140mn

KIA introduces first-ever all wheel vehicle in Pakistan

Europa Oil & Gas awarded 15-year Frontier Exploration Licence, Offshore Ireland

James Fisher and Sons acquires 60% stake in Continental Participação E Administração

Avon Rubber to acquire 3M’s Ballistic-Protection Business

UKOG to acquire Tellurian’s subsidiary Magellan Petroleum

CentralNic Group completes acquisition of Hexonet Group

Nvidia agrees to acquire Hugging Face for $12.9 billion

hVIVO acquires CRS Clinical Research Services Berlin GmbH

Tonner Drones acquires Azur Drones, expands defense and security portfolio

eEnergy appoints John Gahan as permanent CEO following interim stint