AM Best affirms credit ratings of RF&G Insurance Company Limited
MEXICO CITY: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of RF&G Insurance Company Limited. The outlook of these…
VR Education launches Shuttle Commander on PlayStation
LONDON: VR Education, a leading virtual reality (‘VR’) technology company focused on the education and enterprise training space, announced that the Group’s latest VR showcase experience, ‘Shuttle Commander’, will launch…
Versarien signs textile commercial partnership agreement with MAS
LONDON: Versarien Plc, the advanced materials engineering group, has signed a Commercial Partnership Agreement with textile sector collaboration partner, MAS Innovation (Private) Limited. Twinery – Innovations by MAS is part…
Rio Tinto approves $749 million investment in Pilbara iron ore mine in Australia
LONDON: Rio Tinto, an Anglo-Australian multinational and one of the world’s largest metals and mining corporations, has approved a $749 million investment in its existing Greater Tom Price operations to…
Pakistan eases laws to spur oil & gas exploration, production
ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has approved amendments to a host of rules governing the regulation of upstream petroleum sector to foster ease of doing business and…
State Bank further facilitates freelancers and pensioners
KARACHI: In order to broaden the scope of business to customer transactions through home remittance channel, the State Bank of Pakistan has enhanced payment limits against freelance services from US$…
FPCCI concerned over the declining private sector credit
KARACHI: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressed serious concerns over the declining private sector credit, which was down by…
Rostelecom announces launch of core regional datacentre in Ekaterinburg
MOSCOW: Rostelecom PJSC, the largest digital service provider, operating in all segments of the telecommunications market in Russia, has commercially launched its core regional datacentre in Ekaterinburg. The launch reflects…
Donald Trump included on African Energy Chamber’s inaugural Top 25 Movers and Shakers to Watch list
LONDON: On Wednesday, the African Energy Chamber launched its inaugural Top 25 Movers and Shakers to Watch list. Providing a window to what key developments and advancements the African energy…
Norwegian airports operator Avinor announces net profit of NOK 770 million
OSLO: Avinor AS, a state-owned limited company that operates most of the civil airports in Norway, has announced a net profit of NOK 770 million for the quarter ended September…
Tabreed celebrates 10mn hours without any loss time injury
ABU DHABI: The National Central Cooling Company (Tabreed), the leading international district cooling developer based in the UAE, celebrates hitting 10 million safe work hours without Lost Time Injury (LTI),…
FBR forms committee to secure its land/property in Sindh
KARACHI: The Federal Board of Revenue (FBR) has constituted a committee to secure and get vacated FBR’s property in Sindh. The members of the FBR’s Committee include Anwar Iqbal, Naveed…
Accused in fire works smuggling case gets pre-arrest bail
KARACHI: Muhammad Ashraf son of Feroz Ahmed and Rizwan Khan son of Lal Khan were admitted to pre-arrest bail against a solvent surety of rupees 200,000 each and Personal Bond…
SHC bench raises question over conduct of customs assessment without assessment order
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan on Wednesday expressed surprise over action by Pakistan Customs…
Captive insurance companies in BCIB earn $3.5bn net premium in 2018
OLDWICK: The operating results of captive insurance companies in Bermuda, Cayman Islands outperform the segment’s counterparts in the commercial casualty sector, while net premiums earned surpassed $3.5 billion for the…