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…
Air Arbia posts 75% growth in earnigs
SHARJAH, UAE: Air Arabia registered a record net profit of AED 210 million for the three months ending June 30,…
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…
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…
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…
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-”…
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…
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…
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,…
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…
