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Pound Declines to Six-Week Low Versus Dollar on Fed Speculation
(Bloomberg - 18/05/2013) The pound fell for a second week versus the dollar as speculation the Federal Reserve is moving closer to ending its program of asset purchases boosted the U.S. currency against its major peers. Sterling dropped to a six-week low after Fed Bank of San ...
Surge in Gulf trade credit insurance
(The National - 18/05/2013) Demand for trade-related credit insurance in the GCC is expected to rise by nearly 40 per cent this year as companies seek to improve their ability to secure finance and cover risks in Europe, Africa and other markets. The forecast comes from Euler ...
DHHC Announce the Date and Form Of Dividends Distribution
(Tadawul - 18/05/2013) According to the companys announcement dated 22/4/2013 relating to the results of its fourth normal General Assembly that took effect on 17:00 of Sunday 21/4/2013 in Tadawuls Media Center in Riyadh, which approved dividends distribution of SR 70,800,000 ...
Masdar and IFC in $1.5b deal for clean energy projects
(Khaleej Times - 18/05/2013) Masdar and the International Finance Corporation (IFC), the private sector arm of the World Bank, announced their intention to collaborate on the advancement of clean energy projects. The memorandum of understanding (MoU), which was signed last week in ...
Political uncertainties overshadow Bahrain’s insurance hub status
(CPI Financial - 18/05/2013) The Kingdom of Bahrain has maintained its position as a key insurance hub and continues to post growth in its insurance market despite a prolonged period of political turbulence, according to a new report from A.M. Best Co. The report, titled “Political ...
A.M. Best revises outlook for Dubai Insurance Company to positive
(CPI Financial - 18/05/2013) A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of “bbb” and the financial strength rating (FSR) of B++ (Good) of Dubai Insurance Company PSC (DIC) (United Arab ...
Bahrain National Holdings Announces Financial Results
(Press Release - 15/05/2013) Bahrain National Holding Company (BNH) – the parent company of Bahrain National Insurance (bni) and Bahrain National Life Assurance (bnl) has announced a net profit of BD 1.25 million for the 3 months ended 31 March 2013; against BD 0.82 million for the ...
Arig Returns Profitable 1st Q Result on Single-Digit Portfolio Growth
(Press Release - 13/05/2013) Arig reported reduced net profits of US$ 2.7 million for the first quarter of 2013 (Q1 2012: US$ 5.5 million) on gross premiums of US$ 164.9 million (Q1 2012: US$ 159.9 million), an increase of 3%. Arig’s non-life combined ratio reached 79.7% for the ...
QATI Rights Issue Subscription Has Been Successfully Concluded
(Press Release - 12/05/2013) Qatar Insurance Company announces that its rights issue has been concluded and the capital of the company is QR 1,284,323,040. This Rights issue has been approved during the conducted Extra Ordinary General Assembly meeting of the company which was held ...
Green Crescent Declares Net Profit for 1st Quarter 2013
(Press Release - 12/05/2013) Green Crescent Insurance Company (PJSC), the leading group health and life insurance Company in the UAE, has released its financial statements for the first quarter ended 31st March 2013 reporting a Net Profit of AED 1.2M. The company has consistently ... |
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