VANCOUVER: Harrys Manufacturing Inc. announced that its wholly owned subsidiary Harrys International Manufacturing Inc. has received approval from the Alberta Ministry of Finance, Tax and Revenue Administration for wholesale distribution and sales of tobacco cigarettes in the province of Alberta. The Company was advised that it will receive its Federal Tax Registration Number in the…
Bani M. Mulia appointed CEO of Samudera Shipping Line
SINGAPORE: Samudera Shipping Line Ltd has announced the appointment of Mr Bani M. Mulia as an Executive Director and Chief Executive Officer (CEO) with effect from 1 September 2020. The appointment forms part of its Board and Management restructuring, which also sees current CEO Mr Asmari Herry Prayitno being re-deployed within the larger Samudera Indonesia…
SGX launching 13 futures in August and September, covering almost 100% of Asia’s GDP
SINGAPORE: Singapore Exchange (SGX) is significantly expanding its pan-Asia shelf of benchmark equity derivatives with a comprehensive series of Asia Ex-Japan and Emerging Markets (EM) Asia regional and single country futures. These are based on Net Total Return (NTR) and Price Return indices calculated by FTSE Russell. SGX serves global investors seeking trusted exposure to…
SGX reports market statistics for July 2020
SINGAPORE: Singapore Exchange (SGX) reported its July 2020 market statistics. Markets continued to be focused on the ongoing reopening of global economies and news of fresh waves of COVID-19 infections in some countries. Equity market activity remained higher than a year earlier but moderated from a strong June. Equity index futures trading was more active…
Net Income attributable to Al Baraka Banking Group’s shareholders reaches $47mn
MANAMA: Al Baraka Banking Group BSC (ABG), the leading Islamic banking group with its headquarters in the Kingdom of Bahrain, achieved a net income attributable to equity holders of the parent of US$47 million in the first half of 2020 compared to US$56 million for the same period of 2019 with a decline of 16%….
Seef Properties reports net profit of BD 2.71 million for the period ended 30 June 2020
MANAMA: Seef Properties B.S.C., announced its financial results for the six-month period ended 30 June 2020. The Company reported net profits and total comprehensive income attributable to the parent of BD 2.71 million for the six-month period ended 30 June 2020, compared to BD 4.72 million for the same period in the previous year, with…
Largely grounded route network continues to strangle UK economy
LONDON: Over 860,000 passengers travelled through Heathrow in July, down 88% on the previous year. This reflects a slight uplift in passenger traffic, since the start of this crisis, driven by the Government’s creation of the first ‘travel corridors’ on July 4th. More than half of these passengers, over 480,000, ventured to European destinations to…
Amanat Holdings’ earnings decline for 1H 2020
DUBAI: Amanat Holdings PJSC, the GCC’s largest healthcare and education investment company, nnounced its consolidated financial results for the first half ended 30 June 2020, reporting an adjusted total income of AED 43.0 million in 1H-2020, down by 32.6% y-o-y, and adjusted income from investments of AED 37.4 million in 1H-2020, down by 31.4%. Adjusted…
Expert360 founder Bridget Loudon to join Telstra Board
LONDON: Telstra Corporation Board Chairman, John Mullen today announced the appointment of a new Director, Bridget Loudon as a non-executive Director of the Telstra Board. Bridget is an Australian born entrepreneur and business leader who spent many years living, working and studying in France, Hong Kong and Ireland. She returned to Australia in 2010 to…
SALAMA 2020 half-year net profit increases 41.03% to AED 47.05mn
DUBAI: Islamic Arab Insurance Company, listed as “SALAMA” on Dubai Financial Market (DFM), announced its interim results for the first six months of 2020 reporting net profit of AED 47.05 million compared with profit of AED 33.36 million in H1 2019. SALAMA reported growth of 6.9% in gross written contribution, from AED 650m in H1…
Urban Logistics REIT announces three acquisitions and new £151mn loan facility
LONDON: Urban Logistics, the specialist UK industrial and logistics REIT, announced three acquisitions for a total consideration of £36.8 million in Colchester, Exeter and Nottingham and the signing of a new £151 million loan facility. Colchester: On 10 July 2020, the Company acquired Interchange Park, located on the A12 / A120 in Essex, for £9.8…
Dar Al Takaful appoints Rajesh Sethi as CEO after acquisition of Noor Takaful
DUBAI: Dar Al Takaful announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the Chief Executive Officer (CEO) of the joint entities. Sethi brings over 30 years of experience in the banking, investment banking, and insurance sectors. Previously, he has worked in leadership roles across Asia, Europe…