HELSINKI: SATO Corporation has obtained a BBB rating with a stable outlook from rater Standard & Poor’s. At the same, SATO has decided to end the cooperation with its previous rater Moody’s. SATO is one of Finland’s leading rental housing…
SINGAPORE: Imperium Crown Limited announced that the hotel at the Wonder Stone Park has successfully held its opening ceremony on 17 September 2019 to officially commence operations. Operating under the “Inzone” brand, the hotel is managed by the Inzone Hotels …
ISLAMABAD: Pakistan government has announced inclusion of State Life Insurance Corporation (SLIC) as well as Islamabad Electric Supply Company (IESCO) and part of Lahore Electric Supply Company (LESCO) in active list of privatisation programme. Total statutory fund of State Life…
KARACHI: Nestlé Pakistan announced a change in its top management with the appointment of Samer Edmond Chedid as the new Managing Director in the country. He took over the responsibilities of Managing Director and CEO of Nestlé Pakistan on August…
DOHA, QATAR: Qatar Stock Exchange (QSE), in association with Maroon Capital, today started a three-day Investor Relations (IR) training program in Doha with the expert input of the UK IR Society, which delivers their program on global basis having highly…
HOUSTON: ExxonMobil has inked a gas supply deal with Pakistan’s energy company Universal Gas Distribution Company (UGDC), according to which commercial import of LNG by private sector would commence for the first time. “The first shipment of LNG is expected…
NEW YORK: The surplus lines market nearly doubled its pace of premium growth in 2018, driven by new investments in operating platforms and a healthy U.S. economy, according to a new AM Best report. The Best’s Market Segment Report, “Surplus…
KARACHI: International Hospitality Investment Group (IHIG), with a $118 million investment plan in country’s hospitality industry, signed a Memorandum Pakistan International Airlines (PIA) to promote tourism. PIA CEO Air Marshal Arshad Mahmood Malik, Chairman IHIG-UK Alun Richards, signed the MOU…
KARACHI: Engro Elengy Terminal has achieved yet another milestone of the world’s fastest 250 ship-to-ship transfers of LNG. The Engro Elengy Terminal was a fast-track LNG import solution built to alleviate the energy shortage facing the country. With round-the-clock supply…
SINGAPORE: The Straits Trading Company Limited announced the appointment of Eric Tengas CEO of Straits Developments Private Limited, a wholly-owned subsidiary of the Group. His appointment will be effective from October 01, 2019. As CEO of Straits Developments, Teng will…
LONDON: Rosenblatt Group plc, the professional services group, has announced the acquisition of Convex Capital Limited, a specialist sell-side M&A corporate finance boutique, based in Manchester, UK. The total consideration for the acquisition, assuming all earn-out and deferred consideration payments…
TORONTO: Eco (Atlantic) Oil & Gas Ltd. has announced second oil discovery on the Orinduik Block, offshore Guyana. The Joe-1 exploration well was drilled by the Stena Forth drillship to a final depth of 7,176 feet (2,175 meters) in approximately…