MEXICO CITY: U.S. based insurance sector rating agency AM Best has revised its market segment outlook on Panama’s insurance industry to negative from stable, citing the significant challenges the country and industry are facing amid the COVID-19 pandemic. In a Best’s Market Segment Report, AM Best states that the following are the reasons for the…
CommsChoice Confirms Peter McGrath as permanent CEO and Managing Director
PERTH: The Board of CommsChoice Group Ltd confirmed the appointment of Mr Peter McGrath in the permanent role as Group CEO and Managing Director. John Mackay, Chairman of CCG, said he was delighted to confirm Peter in the permanent CEO role. The Board is very happy with the progress the Company has made since the…
Johns Lyng Group partners with ZIP to aid strata recovery from COVID-19
SYDNEY: Johns Lyng Group has signed an agreement with buy-now-pay-later operator Zip Co. Limited to assist owners and managers of the Group’s 70,000-plus strata titles access cutting-edge decontamination products used in the COVID-19 clean up. Zip allows purchases to be made interest free, with flexible repayment options from as low as $10 per week. Strata…
Bahrain Telecom repays its $650 million bond due on 1st May 2020 and $450 million term loan
MANAMA, BAHRAIN: Bahrain Telecommunication Company (Batelco) has repaid in full US$ 473 million of the outstanding senior unsecured bond issued by a subsidiary company and due on 1st May 2020. The US$ 650 million bond was issued in 2013, with US$ 177 million subsequently repurchased and redeemed. The US$ 473 million repayment was mainly funded…
Telemedicine providing virtual consultations to patients across Pakistan during COVID19
KARACHI: “In Pakistan, during COVID19, patients are scared to go to hospitals to avoid exposure, elderly are isolated and confined within their home being most at risk, children and pregnant mothers are unable to find doctors in case of emergencies. In this time of national crisis, the technology of telemedicine can play a great role…
Nabil Habayeb named Senior VP of GE and President & CEO of Global Growth Organization
DUBAI: Nabil Habayeb, GE’s President and CEO for the Middle East, North Africa and Turkey, has been named Senior Vice President, GE, and President & CEO, Global Growth Organization (GGO) effective June 1, 2020. Habayeb succeeds Rachel Duan, Senior Vice President, GE, and President & CEO, GGO, who has decided to leave GE and embark…
Microsoft shares guidelines on cybersecurity and data protection during COVID19 lockdowns
NEW YORK: To keep devices safe from cyber attacks during COVID19 lockdowns, Microsoft has shared some useful guidelines on cybersecurity and data protection. “Our world has changed dramatically over the last couple of months and in an effort to keep the wheels turning, companies across the world are switching to remote work and Microsoft is…
SpareBank 1 SMN announces new mortgage rate cut
TRONDHEIM: SpareBank 1 SMN, a Norwegian savings bank, is to lower its residential mortgage lending rate by up to 0.40 percentage points. The change is effective as from 25 May. “This is our third interest rate cut in a short space of time, making mortgages even cheaper. We are putting the rate change into effect…
DNB lowers the interest rate on home mortgages by 0.4 percentage points
OSLO: DNB ASA has Friday decided to reduce the home mortgage interest rate by up to 0.4 percentage points. The price of money has fallen over the past weeks, as a result of market developments and the uncertainty around the Norwegian economy. “As Norway’s largest bank, we must be a safe and predictable partner for…
ePlay & Howie Mandel announce their newest collaboration SwishAR
LOS ANGELES: ePlay Digital Inc. and Howie Mandel are announcing their newest collaboration, SwishAR, the follow up to the widely popular Outbreak mini-game, which is available today. This is the second in the Howie’s Games series, and the first with ePlay’s augmented reality technology, featuring “Games from the mind of Howie Mandel”. SwishAR can be…
BevCanna partners Argentia Gold to bring line of cannabis-infused beverages to the Atlantic
VANCOUVER: Emerging leader in cannabis-infused beverages, BevCanna Enterprises Inc. has signed an agreement with Maritime-based licensed cannabis producer Argentia Gold Corp. to exclusively represent BevCanna’s line of cannabis-infused beverages in Newfoundland, PEI and New Brunswick. The two companies have entered a nonbinding letter of intent (LOI) for Argentia to distribute and sell BevCanna products across…
Biolidics appoints Mediproud for distribution of Novel Coronavirus 2019 antibody test kits in Thailand
SINGAPORE: Biolidics Limited has entered into a distribution agreement with Mediproud Co., Ltd, a company incorporated in Thailand, to appoint Mediproud as a non-exclusive distributor for the Company’s test kits for the detection of the Novel Coronavirus 2019 antibodies (the “COVID-19 Antibody Test Kits”), in Thailand for a duration of one year. The Company’s COVID-19…