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- Zain launches 5G Advanced, unlocking new horizons for Kuwait's digital economy
- Bahrain Bourse wins "CIO Legend" Award at Global CIO 200 Summit
- Tabreed, CVC DIF to buy Abu Dhabi's PAL Cooling from Multiply Group
- Oman among top 5 countries in insurance core compliance
- S&P Global warns geopolitical tensions may hit global oil demand
- Adnoc Drilling awards $800m hydraulic fracturing contract
- GCC inflation rate stands at 1.7% in 2024
- QCB issues government bonds and sukuk worth QR5 billion on behalf of Ministry of Finance
- DFM-listed Amlak gets shareholder go-ahead to sell real estate finance portfolio
- Dubai gold price has just shot back to Dh370 - will it hurt summer sales?
11/09/2010 00:00 AST
Standard & Poors Ratings Services said on Thursday that its BBB- counterparty credit and insurer financial strength ratings on Kuwait-based First Takaful Insurance Company (First Takaful) remain on CreditWatch with negative implications, where they were placed on May 12, 2010.
"The rating action mainly reflects our continued view of the deteriorating underwriting performance of First Takafuls "takaful fund", poor investment results for both members and shareholders, and diminished business growth under very difficult economic and competitive conditions," said Standard & Poors Credit Analyst Wolfgang Rief. "It also reflects our uncertainties about managements expectations and measures to restore profitability and return to growth."
Al Watan
28/03/2014
Kuwait-based Capital Standards Rating (CSR) has upgraded First Takaful Insurance Company's (FTIC) Insurer's Financial Strength Rating (IFSR) to 'BB' and national rating to 'BBBkw'. The outlook for th
CPI Financial
08/10/2010
Standard & Poor's Ratings Services said today it lowered its counterparty credit and insurer financial strength ratings on Kuwait-based First Takaful Insurance Co. to 'BB+' from 'BBB-'.
A
Business Intelligence
15/09/2010
Standard & Poor's Ratings Services said that its 'BBB-' counterparty credit and insurer financial strength ratings on Kuwait-based First Takaful Insurance Co. (First Takaful) remain on CreditWatch wi
CPIFINANCIAL
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 178.10 | -1.90 (-1.06 |
| TAWUNIYA | 158.00 | 0.00 (0.00 |
| ALRAJHITAKAFUL | 128.60 | 2.30 (1.82 |
| RASAN | 86.90 | -2.40 (-2.69 |
| QATI | 2.13 | 0.13 (6.50 |
01/07/2025
Zain has officially launched its next-generation 5G Advanced network, delivering nationwide coverage across most of Kuwait. The rollout marks a major step forward in unlocking the full potential of t
Kuwait Times
01/07/2025
Tabreed, a leading district cooling company based in Abu Dhabi, has entered into a partnership with CVC DIF, a Dutch mid-market infrastructure equity fund manager, to acquire PAL Cooling Holding from
Trade Arabia
01/07/2025
Adnoc Drilling Company has announced that one of its key units, Adnoc Onshore, has awarded a major contract worth $800 million for the provision of integrated hydraulic fracturing services for conven
Trade Arabia
01/07/2025
The Dubai based finance company Amlak is exiting the real estate side of its business operations.
Shareholders on Monday (June 30) gave their approval for Amlak to sell its real estate finan
Gulfnews
30/06/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced that it had achieved a major occupational safety milestone by clocking 37 million safe working hours without
Trade Arabia
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