PERTH: New Zealand Coastal Seafoods Limited (NZCS) announced that Interim CEO, Andrew Peti, has been appointed as CEO of the Company. Mr Peti was appointed as Chief Operating Officer in September 2019, before being appointed Interim CEO on 3 March 2020. During his prior role as Chief Operating Officer, he assisted with management, operations and…
OSLO: Kitron ASA has been awarded new business for measurement technology. The award covers a period of five years, and the expected annual value is between EUR 3.5-5 million. Serial production is expected to start in the first quarter of 2021 and will take place at Kitron’s plant in Poland. “I am very pleased to…
OLDWICK: Global credit rating agency, AM Best has downgraded the Financial Strength Rating (FSR) of Florida Family Insurance Company (FFIC) and its subsidiary, Florida Family Home Insurance Company (FFHIC), while the outlook of the FSR has been revised to stable from negative while the outlook for the Long-Term ICR remains negative. Both companies are domiciled…
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…
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…
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…