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...
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...
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...
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...
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...
MSCI equity indexes August 2019 index review
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...
Air Arbia posts 75% growth in earnings
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...
Ithmaar Holding, Ithmaar Bank report half-year profits
MANAMA, BAHRAIN: Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank each announced their financial results for the first half of 2019 with both reporting increased...
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...
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...
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)....
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...