SURREY, UK: AFC Energy has unveiled the branding of its inaugural range of product lines. AFC Energy is a UK based leading provider of hydrogen power generation technologies. In recent years, AFC Energy’s alkaline fuel cell technology has become synonymous with low cost, high efficiency, and fuel tolerant hydrogen power generators following a redesign and…
AMPD Ventures listed on Frankfurt Stock Exchange
VANCOUVER / ACCESSWIRE: AMPD Ventures Inc. has announced that it is now listed on the Frankfurt Stock Exchange and is trading under the symbol 2Q0. The Frankfurt Stock Exchange is one of the world’s largest trading centers for securities, and it is the largest stock exchange in Germany. The Frankfurt Stock Exchange is used by…
Radian Group and Yarlington enter into a partnership
LONDON: Radian Group and Yarlington have formally entered into a new partnership, creating an organisation that manages 38,000 homes and assets with 79,000 customers living in their homes across the south and south west of England. From 4 November 2019, Yarlington will become a subsidiary of Radian Group, with both organisations operating with a shared…
Amanat Holdings posts 38% increase in net profit
DUBAI: Amanat Holdings PSJC announced its consolidated financial results for the nine-month period ended 30 September 2019 recording an increase of 38% in net profit to reach AED 33.4 million in 9M-2019. Amanat Holdings is the GCC’s largest healthcare and education investment company. The increase in income from investments in 9M-2019 was led by strong…
Pakistan’s overall oil products’ sales decline 3.0% in October 2019
KARACHI: Pakistan’s overall petroleum, oil and lubricants (POL) sales in October 2019 clocked in at 1.6 million tons, down 3.0 percent compared with 1.65 million tons off-take recorded in the same month last year, data issued by Oil Companies Advisory Committee (OCAC) suggests. On sequential basis, POL sales reflected a 9.0 percent increase against 1.47…
Multibank ‘BBB/A-2’ ratings placed on Watch Negative
MEXICO CITY: S&P Global Ratings has placed its ‘BBB’ long-term and ‘A-2’ short-term issuer credit ratings on Multibank on CreditWatch negative following Banco de Bogotá’s announcement of its intentions to acquire Multibank. The acquisition’s closing is pending approvals form the respective authorities and regulators. The CreditWatch placement is based on a likelihood that Multibank could…
INOVEST, net profit, earning per share, financial results
MANAMA, BAHRAIN: INOVEST, a Category 1 Investment Firm (Shari’a Principles) regulated by the Central Bank of Bahrain and publicly listed on both Bahrain Bourse and Boursa Kuwait, announced its financial results for the first nine months of 2019, reporting a consolidated net profit attributable to parent shareholders of US$5.01 million, representing a 59% decline as…
BHB commences subscription in the 19th issue of Government Development Bond
MANAMA, BAHRAIN: Bahraini and non-Bahraini investors can now directly subscribe through the primary market of Bahrain Bourse (BHB) in the Government Development Bond Issue 19 (BHD 185 million) that has been issued by the Central Bank of Bahrain (CBB). Bahrain Bourse (BHB) is issuing the bonds on behalf of the Government of Bahrain by executing…
Tabreed posts net profit of AED 329.1 million
ABU DHABI, UAE: National Central Cooling Company (Tabreed) released its consolidated financial results for the first nine months of 2019, reporting an increase of 3.1% in the net profit to AED 329.1 million. Tabreed is the leading international district cooling developer based in UAE. The company continues to meet the growing demand for district cooling…
AM Best affirms ratings of Spirit Insurance and Radius Insurance
OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of Spirit Insurance Company and Radius Insurance Company. The outlook of these Credit Ratings is stable. The ratings reflect Spirit and Radius’ balance sheet strength, which AM Best categorizes as very strong, as well as…
AM Best affirms credit ratings of MetLife, Inc. and its subsidiaries
OLDWICK: AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the New York based Metropolitan Life Insurance Company (MLIC) and Metropolitan Tower Life Insurance Company, collectively referred to as MetLife Insurance Group. Additionally, AM Best has affirmed the Long-Term ICR of…
AM Best affirms credit ratings of General de Seguros
MEXICO CITY: AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-”, and the Mexico National Scale Rating (NSR) of “aaa.MX” of General de Seguros, S.A.B. (Genseg). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Genseg’s balance sheet strength, which AM Best categorizes…