Aldar Properties announces new projects worth AED 5 billion to boost recurring income

Abu Dhabi, UAE: Aldar Properties, the leading real estate developer, manager, and investor in Abu Dhabi, has announced a development pipeline of new projects worth AED 5 billion, aimed at increasing its recurring income by 2025. The new projects include residential, retail, hospitality, and education assets across Abu Dhabi’s prime locations, such as Yas Island,…

U.S. life insurance and annuity industry’s income declines by 66 percent

U.S. life insurance and annuity industry’s income declines by 66 percent

NEW YORK: The U.S. life insurance and annuity industry’s net income fell by 66 percent in the first half of 2020, compared with the same prior-year period, driven predominantly by a 10% decline in premiums and annuity considerations. This financial review is detailed in a new Best’s Special Report, titled, “First Look— Six-Month 2020 Life/Annuity…

Lenovo delivers robust revenue and all-time record pre-tax income for FY19/20

HONG KONG: Lenovo Group announced robust results for its full fiscal year and Q4, demonstrating the company’s position of strength amid unprecedented global transformation. Despite a fiscal year full of macro-economic and industry challenges, the company delivered full-year revenue exceeding US$50 billion (US$50.7 billion) for the second consecutive year. Profitability remained a strength, with historical…