LONDON: Over 860,000 passengers travelled through Heathrow in July, down 88% on the previous year. This reflects a slight uplift in passenger traffic, since the start of this crisis, driven by the Government’s creation of the first ‘travel corridors’ on…
DUBAI: Amanat Holdings PJSC, the GCC’s largest healthcare and education investment company, nnounced its consolidated financial results for the first half ended 30 June 2020, reporting an adjusted total income of AED 43.0 million in 1H-2020, down by 32.6% y-o-y,…
LONDON: Telstra Corporation Board Chairman, John Mullen today announced the appointment of a new Director, Bridget Loudon as a non-executive Director of the Telstra Board. Bridget is an Australian born entrepreneur and business leader who spent many years living, working…
DUBAI: Islamic Arab Insurance Company, listed as “SALAMA” on Dubai Financial Market (DFM), announced its interim results for the first six months of 2020 reporting net profit of AED 47.05 million compared with profit of AED 33.36 million in H1…
LONDON: Urban Logistics, the specialist UK industrial and logistics REIT, announced three acquisitions for a total consideration of £36.8 million in Colchester, Exeter and Nottingham and the signing of a new £151 million loan facility. Colchester: On 10 July 2020,…
DUBAI: Dar Al Takaful announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the Chief Executive Officer (CEO) of the joint entities. Sethi brings over 30 years of experience in the banking,…
LONDON: McKay Securities Plc announced the acquisition of 1-4 Willoughby Road, a fully let logistics asset in Bracknell, for £10 million, representing a net initial yield of 5.6%. The property was sourced off market from a UK institutional vendor. McKay…
DUBAI: Oman Insurance Company, one of the leading insurance providers in the Middle East, announced it has posted a Net Profit of AED 110.2 million in the first half of 2020, a four percent increase on the same period last…
LONDON: Appreciate Group plc has completed the sale of Budworth Properties Ltd, a Group subsidiary which owns the land and buildings located at Valley Road, Birkenhead to HP (Valley Road) Limited for a cash consideration of £3.2 million. Appreciate Group…
SHARJAH: Air Arabia registered a net loss of AED 169 million for the first half ending June 30, 2020, a direct result of second quarter performance being heavily impacted by COVID-19 and the subsequent cancellation of scheduled flight operations. Air…
LONDON: Actual Experience plc, the analytics-as-a-service company, has signed an addition to its Master Services Agreement with Verizon for Actual Experience’s Human Experience Management (HXM) offering, a news release said. HXM enables organisations to improve the employee experience of their…
TORONTO: Versus Systems Inc. (Versus) announced a partnership with ePlay Digital Inc., an award-winning Augmented Reality studio, to bring Versus’ proprietary in-app rewards technology to ePlay’s health and wellness applications and platforms. With ePlay, Versus expands into the global wellness…