HONG KONG: S&P Global Ratings has revised its outlook on Powerlong to stable from negative given enhanced debt control. At the same time, S&P affirmed ‘B+’ long-term issuer credit rating on the China-based developer, and the ‘B’ long-term issue rating on the company’s senior unsecured notes. The stable outlook reflects that Powerlong will maintain its…
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Dubai Investments wins Arab Investor award 2019
DUBAI, UAE: Dubai Investments PJSC, the leading investment and a public joint stock company listed on the Dubai Financial Market has successfully managed to elevate Arab competitiveness to a global level by winning the Arab Investor award 2019. Under the category of ‘Impact of Investment’, Dubai Investments PJSC was chosen as the winner for its…
SHUAA Capital exiting non-core businesses
DUBAI, UAE: SHUAA Capital, the UAE-based financial services group which recently completed a transformational merger with Abu Dhabi Financial Group L.L.C. announced that it has agreed to sell its SHUAA Securities brokerage and market-making businesses in the UAE to IHC RSC Ltd, a subsidiary of International Holdings Company (IHC), pending regulatory approvals. IHC is an…