Credit ratings of Hyundai Marine & Fire Insurance Co., Ltd.
HONG KONG: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Hyundai Marine & Fire Insurance Co., Ltd. (HMF)…
EU asks for formal consultations with Southern African Customs Union on trade in poultry
BRUSSELS: EU has requested formal consultations – a first step in a dispute settlement process – with the Southern African Customs Union (SACU) over safeguard measures affecting imports of frozen…
Overseas Pakistanis remit $20.19 billion in the first eleven months of FY19
KARACHI: Overseas Pakistani workers remitted US $20.19 billion in the first eleven months (July to May) of FY19, showing a growth of 10.42% compared with US $18.285 billion received during…
UIT Alumni Organize Thalassemia Awareness Event
KARACHI: Usman Institute of Technology (UIT) affiliated with NED University of Engineering & Technology, Karachi, recently held an event organized by UIT Alumni, Mr. Tehseen Ahmed, Mr. Yasir Ahmed and…
China Gezhouba Group Company caught evading government revenue through under-invoicing
KARACHI: The Directorate of Customs Intelligence and Investigation Karachi detected large scale tax evasion by M/s. China Gezhouba Group Company Limited, and recovered the evaded sum. Information was received through…
MCC JIAP foils attempt to smuggle narcotics
KARACHI: The staff of MCC JIAP has foiled a bid to smuggle narcotics abroad and recovered methamphetamine and heroine powder from Jeddah bound passengers. The value of the seized narcotics…
Lawyers protest country wide as Supreme Judicial Council hears reference against Justice Qazi Faez Isa and Justice Karim Khan Agha
KARACHI: The lawyer’s fraternity across Pakistan except Punjab province protested here on Friday against government’s decision to file references against Justice Qazi Faez Isa of Supreme Court of Pakistan and…
Frasers Property Australia and ESR Australia acquire Mulgrave site, secure Nissan Motor as first tenant
MELBOURNE: Joint venture partners, Frasers Property Australia and ESR Australia have completed the acquisition of a 4.67 hectare site at 254 Wellington Road, Mulgrave and secured Nissan Motor Co. Australia…
SGX welcomes DA Financial Services as Derivatives Trading Member
SINGAPORE: Singapore Exchange (SGX) Friday welcomed DA Financial Services (S) Pte. Ltd. as a Trading Member of its derivatives market. Established in 2016, DA Financial Services (S) Pte. Ltd. (Singapore)…
Volpara completes acquisition of MRS Systems
WELLINGTON, NZ: Volpara Health Technologies Limited, a medical technology company whose AI imaging algorithms assist the early detection of breast cancer, has completed its acquisition of Seattle-based MRS Systems, Inc.…
ReAssure Group confirms IPO on the London Stock Exchange
LONDON: ReAssure Group Friday confirmed its intention to proceed with an Initial Public Offering (IPO) on the London Stock Exchange (LSE). The Company intends to apply for admission of its…
RM Plc acquires SoNET Systems for £7.3 million
LONDON: RM plc, a leading supplier of IT software and services to the UK and international education markets, has acquired SoNET Systems Pty Ltd for a consideration of £7.3 million.…
Wizz Air is the greenest airline in Europe
GENEVA: Wizz, one of Europe’s fastest growing airlines and the largest low-cost carrier in Central and Eastern Europe, announced t that it operates at the lowest CO2 emissions per passenger…
Tritax EuroBox acquires logistics asset in Germany for €50.6 million
LONDON: Tritax EuroBox plc, which invests in Continental European logistics real estate, has acquired a prime, modern logistics facility near Frankfurt in Germany for a total consideration of €50.6 million,…
GAN welcomes legalization of online sports netting in New Hampshire
LONDON: GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, welcomes the signing and legalization of internet…
Exscientia expands international collaborations with AI drug discovery partnership with GT Apeiron Therapeutics
LONDON: Frontier IP’s portfolio company Exscientia, a world leader in artificial intelligence (AI) drug discovery, has entered into a drug-discovery partnership with GT Apeiron Therapeutics. GT Apeiron is a Shanghai-headquartered…
FBR seeks details of rented properties from police
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued notices to all police stations in Karachi for collecting information of rented commercial and residential properties. The Broadening of Tax…
KCCI rejects Section 108AB proposed in the Sales Tax Act through Finance Bill
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda, while referring to Section 108AB of the Finance Bill 2019-20 titled Transactions under the dealership arrangements, rejected the…
AM Best upgrades issuer credit ratings of The Hanover Insurance Group, subsidiaries
OLDWICK: AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the subsidiaries of…
AM Best upgrades issuer credit rating of SWBC Life Insurance Company
OLDWICK: AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of SWBC Life Insurance…