LONDON: Oman’s Public Authority for Mining (PAM) will grant two mining licences for the high-grade copper mine developments including Mahab-4 and Maqail South. Savannah Resources has been advised by PAM that it intends to grant mining licences over the Mahab-4…
LONDON: Science in Sport (SIS) has announced the launch of SiS’ PLANT20, a high-protein range of plant-based protein bars and powders. Science in Sport is the premium performance nutrition company serving elite athletes, sports enthusiasts and the gym lifestyle community….
LONDON: EVR Holdings announced that its subsidiary MelodyVR Ltd has entered into music licensing agreements with independent label group, Beggars Group Digital Limited and independent label Domino Recording Company, as well as renewing their multi-territory deal with ARESA GmbH. EVR…
MOSCOW: Sistema, a publicly traded diversified Russian holding company, has completed the acquisition, together with a financial partner, of a 46.5% equity stake in Sintez Kurganskoe Medical Products Company (Sintez) and a 75.1% equity stake in Biocom, through holding company…
LONDON: MSCI Inc., a leading provider of research-based indexes and analytics, announced the results of the August 2019 Quarterly Index Review for the MSCI Equity Indexes – including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap…
SHARJAH, UAE: Air Arabia registered a record net profit of AED 210 million for the three months ending June 30, 2019, an increase of 75 percent compared to the AED 120 million reported for the same period last year. Air…
MANAMA, BAHRAIN: Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank each announced their financial results for the first half of 2019 with both reporting increased profits for the period. Ithmaar Holding reported a net profit of US$13.03 million for the…
BAHRAIN: Arig recorded consolidated net profit of US$ 9.2 million attributable to shareholders for the first half of year 2019 ended June 30, 2019 as against loss of US$ 22.4 million reported in the corresponding period last year. Arig is…
DUBAI: Islamic Arab Insurance Company, (SALAMA) reported net profit for H1 2019 ended June 30, 2019 increased 4.7% to AED 33.3 million from AED 31.8 million in H1 2018. Gross written premium (GWP) grew by 18.8% from AED 547 million…
OLDWICK: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Emirates Insurance Company (EIC). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect EIC’s balance sheet…
KARACHI: Asian Development Bank (ADB) has approved a $500 million loan for Pakistan to support and improve trade competitiveness and exports and help finance the trade deficit. Muhammad Hammad Azhar, Minister for Economic Affairs witnessed the loan signing of Trade…
KARACHI: A UK commitment to provide financing for renewable energy and energy efficiency to Pakistan’s industrial Small and Medium Enterprises (SME) sector has been signed by the Department for International Development (DFID). As part of DFID’s Sustainable Energy and Economic…