BANKING

A.M. Best Special Report: Pressure on MENA Reinsurance Market Persists as Regional Players Produce Mixed EarningsSeptember 26, 2016

Reinsurance markets in the Middle East and North Africa region (MENA) are generally perceived as a source of expansion, with continued market liberalisation and the gradual removal of sanctions from Iran expected to yield further opportunities for reinsurers. Furthermore, the robust, albeit deteriorating, profitability achieved by leading primary insurers over the last five years has enhanced the region’s attractiveness to both foreign and domestic reinsurers.


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Sharjah Islamic Bank wins Wells Fargo “Straight-Through Processing Award”September 15, 2016

Multi-award winning Sharjah Islamic Bank (SIB) has received yet another accolade to add to its list of achievements, having been recognised with a Wells Fargo Straight-Through Processing Award – for “consistently demonstrating thoughtful and organised commercial payment volumes and quick and seamless transactions”.


SIB"...

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Acelity Announces Pricing of $1,750 Million of 9.625% Second Lien Senior Secured NotesSeptember 14, 2016

Acelity L.P. Inc. (“Acelity”), a global advanced wound care and regenerative medicine company, announced today the pricing of the private offering by its wholly-owned subsidiaries, Kinetic Concepts, Inc. (“KCI”) and KCI USA, Inc. (together with KCI, the “Issuers”), of $1,750.0 million in aggregate principal amount of 9.625% second lien senior secured notes due 2021 (the “Notes”).


The"...

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Equity International Closes First Asian-Focused FundSeptember 7, 2016

Equity International (EI), Sam Zell's investment firm focused on emerging markets, announced today the closing of ZEI Co-Invest 1 Fund, L.P. (ZEI Asia Fund), with $205 million of commitments. The ZEI Asia Fund is expected to co-invest alongside other capital in over $2 billion of Asian logistics real estate projects to be developed by ESR (e-Shang Redwood), an affiliate of EI.


Equity"...

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Acelity Announces Proposed Private Offering of $1,750 Million of Second Lien Senior Secured NotesSeptember 6, 2016

Acelity L.P. Inc. (“Acelity”), a global advanced wound care and regenerative medicine company, announced today that its wholly-owned subsidiaries, Kinetic Concepts, Inc. (“KCI”) and KCI USA, Inc. (together with KCI, the “Issuers”), intend, subject to market and other customary conditions, to offer $1,750.0 million in aggregate principal amount of second lien senior secured notes due 2021 (the “Notes”) in a private offering.


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Tailgating is a growing concern, but overall UAE driving perceptions improve – UAE Road Safety MonitorSeptember 6, 2016

  • RoadSafetyUAE and QIC Insured present the findings of the 3rd cycle of the ‘UAE Road Safety Monitor’, a unique perception study of UAE driving behaviour.
  • Tailgating is on the rise.
  • Positive perception trends of improved infrastructure, commute time and driving enjoyment.
  • Perception of improved behaviour linked to dangerous driving, speeding, lane swerving and distracted driving.

The good"...

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