QATAR: Qatar International Islamic Bank (QIIB) has announced that Moody’s has confirmed the credit rating at A2 / Prime-1 with a stable outlook. Moody’s credit rating agency reconfirmed QIIB’s long-term credit rating at (A2) with a stable outlook, which affirms…
DUBAI: Union Properties, the iconic property developer with a portfolio of diversified subsidiaries, announced 5.6 million Dirhams in net profit for the first quarter of 2021 compared to a net loss of 121.9 million dirhams for the same period in…
DUBAI: Dubai Islamic Insurance & Reinsurance Company (Aman), the pioneering UAE Takaful Insurance provider, announced its financial results for the first quarter of 2021. Aman reported a net profit attributable to shareholders of AED 6.4 million in the first quarter…
BAHRAIN: Ithmaar Holding announced its financial results for the three-month period ended 31 March 2021 reporting a net profit attributable to equity holders of $8.86 million, compared to the net loss of $22.58 million for the same period in 2020,…
DUBAI: Amanat Holdings, the GCC’s largest healthcare and education investment company, reports record-high profitability for the first quarter ended 31 March 2021. Amanat records AED 41.0 million in Total Income, up 110.7% y-o-y and Income from Investments of AED 39.2…
DUBAI: Gulf Navigation Holding announced its financial results for the period ended 31 March 2021, reporting a net profit of AED 79 million compared to a loss of AED 18 million for the same period in 2020. Despite the tremendous…
DUBAI: Amlak Finance announced its financial results reporting a net profit of AED 6 million for Q1 2021, compared to AED 139 million net loss in 2020. Amlak’s Q1 2021 revenues decreased by 13% to AED 62 million as compared…
LONDON: Mailbox REIT plc has become the first company to be admitted to trading on IPSX, the International Property Securities Exchange (IPSX), marking an historic moment for the UK’s newest stock exchange – the first to be launched in 7…
GUIYANG: China International Big Data Industry Expo (CIBDIE) 2021 will be held in southwest China’s Guiyang City from May 26 to 28, a news release said. The event, country’s leading big data expo, integrates online and offline participation, featuring conferences,…
LONDON: LXi REIT has exchanged contracts to acquire a click & collect, storage, sales and customer services facility in Doncaster, which will further utilise the Group’s revolving credit facility. The Acquisitions, which are for a total cost of £6.1 million,…
STOCKHOLM: Cibus Nordic Real Estate AB has today signed the purchase of a real estate portfolio of three assets in Finland for EUR 25.5 million, a news release said. The transaction is targeted to close on May 17, 2021. The…
BERGEN: Bergen Carbon Solutions AS announced a Letter Of Intent (LOI) with a Japanese company for a business development and research cooperation for the expansion of green carbon-nanofibers applications. The agreement is the second LOI with a Japanese company for…