SYDNEY: S&P Global Ratings (S&P) announced it has increased the stand-alone credit profiles (SACP) of ANZ and the other major Australian banks by one notch to ‘a’ from ‘a-’. S&P stated that this reflects “the reduced economic risks we see…
BAHRAIN: Esterad Investment Company (ESTERAD) announced at a meeting of its board of directors on Wednesday 23rd October 2019, the nine months financial results for the current year including the financial results of third quarter. Esterad achieved a net profit…
BEIJING: Asia could grow its share of installed capacity for onshore wind from 230 Gigawatt (GW) in 2018 to over 2600 GW by 2050, a new report by the International Renewable Energy Agency (IRENA) finds. By that time, the region…
DUBAI: Etihad Aviation Group, owner of the national airline of the United Arab Emirates, and Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, announced the signing of an agreement to launch ‘Air Arabia Abu Dhabi’,…
DUBAI: Deyaar Development, one of Dubai’s leading property developers and real estate service providers, announced its financial results for the nine months ended 30 September 2019. The company reported revenues of AED 483.3 million for the nine months ended 30…
HONG KONG: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Marble Reinsurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect Marble Re’s balance sheet…
LONDON: PipeHawk Plc has acquired the entire issued share capital of Wessex Precision Instruments Limited for a consideration of £1. Wessex produces and sells a range of equipment for testing the slip resistance characteristics of aggregates used in public areas,…
LONDON: Costain Group, the smart infrastructure solutions company, and its existing joint venture partner MWH Treatment, have been selected by Southern Water to extend the AMP6 contract as part of the water company’s AMP7 investment programme. Under the extended contract…
LONDON: Sativa Group’s wholly owned subsidiary Sativa Cultivation and Extraction Ltd, has been awarded a Controlled Drug licence for cannabis (with THC content of greater than 0.2%) cultivation, production, possession and supply, at its Somerset headquarters, by the UK Home…
LONDON: Good Energy Group, the 100% renewable electricity supplier and innovative energy services provider, has launched One Point, a new electric vehicle (EV) charging offering for UK businesses alongside the first pilot of the scheme with Watergate Bay Hotel in…
NEW YORK: US Solar Fund (USF) has entered exclusivity with Greenbacker Renewable Energy Corporation, a leading investor and product sponsor focusing on income-producing renewable energy projects, to acquire an approximately 39MWDC operating utility-scale solar power portfolio consisting of eight projects…
SINGAPORE: Rex International Holding Limited, a technology-driven oil company, has announced that the operator, PGNiG Upstream Norway has completed drilling of an exploration well and an appraisal well on the Shrek prospect in the Norwegian Sea licence as an oil…