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AM Best Revises Outlooks to Stable for Abu Dhabi National Takaful Company P.S.C.

Thursday, October 14, 2021 - 7:00pm

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Abu Dhabi National Takaful Company P.S.C.

Key Points: 
  • AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Abu Dhabi National Takaful Company P.S.C.
  • The effect was more pronounced on the company's family takaful portfolio than on its general takaful portfolio, which remained stable over the year.
  • AM Best considers the takaful regulations in the UAE to be sufficiently strong, given the protection it provides to policyholders.
  • AM Best expects prospective risk-adjusted capitalisation to remain comfortably above the strongest threshold as the company executes its business plan.

DMCC Awarded 'Global Free Zone of the Year' by Financial Times' fDi Magazine for Seventh Year Running

Thursday, October 14, 2021 - 6:35pm

DUBAI, UAE, Oct. 14, 2021 /PRNewswire/ -- The Dubai Multi Commodities Centre (DMCC) – the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has received the Global Free Zone of the Year 2021 award by the Financial Times' fDi Magazine for the seventh consecutive year. The award, which is the most prestigious credit a free zone can earn, serves as a testament to DMCC's exceptional performance throughout 2020 and the efforts it made to support and enable the success of its business community.

Key Points: 
  • "Securing the fDi Global Free Zone of the Year award for a seventh, consecutive time is not only testament to the value and opportunity available with DMCC, but its agility to move with global demand.
  • In addition to offering analysis, the report provides clear and tangible trade policy recommendations to government and business.
  • Theawardswere judged by both the Financial Times' specialist editorial team and a panelofindependent judges for each region.
  • Headquartered in Dubai, DMCC is the world's most interconnected Free Zone, and the leading trade and enterprise hub for commodities.

DMCC Awarded 'Global Free Zone of the Year' by Financial Times' fDi Magazine for Seventh Year Running

Thursday, October 14, 2021 - 6:30pm

"Securing the fDi Global Free Zone of the Year award for a seventh, consecutive time is not only testament to the value and opportunity available with DMCC, but its agility to move with global demand.

Key Points: 
  • "Securing the fDi Global Free Zone of the Year award for a seventh, consecutive time is not only testament to the value and opportunity available with DMCC, but its agility to move with global demand.
  • In addition to offering analysis, the report provides clear and tangible trade policy recommendations to government and business.
  • Theawardswere judged by both the Financial Times' specialist editorial team and a panelofindependent judges for each region.
  • Headquartered in Dubai, DMCC is the world's most interconnected Free Zone, and the leading trade and enterprise hub for commodities.

Al Dahana Announces Dubai Court Decision: Nissan Motor Co and its Middle Eastern subsidiary found Diverting Profits from its Partner for a decade and loses in Court in favour of Al Dahana FZCO in a landmark lawsuit Amounting to approx. AED 1.3 Billion

Wednesday, October 13, 2021 - 9:15pm

The case, first filed in 4th July, 2019, sought compensation for damages suffered due to breach of contract committed by Nissan, its subsidiary Nissan Middle East and two appointed Directors.

Key Points: 
  • The case, first filed in 4th July, 2019, sought compensation for damages suffered due to breach of contract committed by Nissan, its subsidiary Nissan Middle East and two appointed Directors.
  • The Dubai Court of First Instance initially issued its judgement ordering Nissan to jointly pay Al Dahana over AED 1.3 billion, inclusive of interest, on 29th September, 2021.
  • Speaking about the landmark ruling, Mr. Nasser Watar CEO for Al Dahana Group said, "Al Dahana is extremely happy with the court's verdict and would like to thank Dubai Courts for their impartial and just ruling.
  • We feel heard, and believe this will pave the way forother regional companies to seek justice as well."

Al Dahana Announces Dubai Court Decision: Nissan Motor Co and its Middle Eastern subsidiary found Diverting Profits from its Partner for a decade and loses in Court in favour of Al Dahana FZCO in a landmark lawsuit Amounting to approx. AED 1.3 Billion

Wednesday, October 13, 2021 - 8:25pm

The case, first filed in 4th July, 2019, sought compensation for damages suffered due to breach of contract committed by Nissan, its subsidiary Nissan Middle East and two appointed Directors.

Key Points: 
  • The case, first filed in 4th July, 2019, sought compensation for damages suffered due to breach of contract committed by Nissan, its subsidiary Nissan Middle East and two appointed Directors.
  • The Dubai Court of First Instance initially issued its judgement ordering Nissan to jointly pay Al Dahana over AED 1.3 billion, inclusive of interest, on 29th September, 2021.
  • Speaking about the landmark ruling, Mr. Nasser Watar CEO for Al Dahana Group said, "Al Dahana is extremely happy with the court's verdict and would like to thank Dubai Courts for their impartial and just ruling.
  • We feel heard, and believe this will pave the way forother regional companies to seek justice as well."

CardioThrive Named Among 2021's top 20 Companies to Watch by Business Worldwide Magazine

Tuesday, October 12, 2021 - 9:00am

LONDON, Oct. 12, 2021 /PRNewswire/ -- Nevada based company CardioThrive has been named as one of Business Worldwide Magazine's Top 20 Companies to Watch in 2021.

Key Points: 
  • LONDON, Oct. 12, 2021 /PRNewswire/ -- Nevada based company CardioThrive has been named as one of Business Worldwide Magazine's Top 20 Companies to Watch in 2021.
  • Led by Shelley Savage, CardioThrive has developed a revolutionary new device that could save millions of lives around the globe.
  • An article about the company can be found on the Business Worldwide Magazines website: https://bwmonline.com/2021/10/11/cardiothrive-accelerating-innovation-in...
    For further information about the Business Worldwide Magazine Awards, go to https://bwmonline.com/awards/
    Business Worldwide Magazine is the leading source of business and dealmaker intelligence throughout the world.
  • This readership includes of CEO/CFO - Banks, Corporate Lawyers and Venture Capital/Private Equity Companies to name a few.

CardioThrive Named Among 2021's top 20 Companies to Watch by Business Worldwide Magazine

Tuesday, October 12, 2021 - 9:00am

LONDON, Oct. 12, 2021 /PRNewswire/ -- Nevada based company CardioThrive has been named as one of Business Worldwide Magazine's Top 20 Companies to Watch in 2021.

Key Points: 
  • LONDON, Oct. 12, 2021 /PRNewswire/ -- Nevada based company CardioThrive has been named as one of Business Worldwide Magazine's Top 20 Companies to Watch in 2021.
  • Led by Shelley Savage, CardioThrive has developed a revolutionary new device that could save millions of lives around the globe.
  • An article about the company can be found on the Business Worldwide Magazines website: https://bwmonline.com/2021/10/11/cardiothrive-accelerating-innovation-in...
    For further information about the Business Worldwide Magazine Awards, go to https://bwmonline.com/awards/
    Business Worldwide Magazine is the leading source of business and dealmaker intelligence throughout the world.
  • This readership includes of CEO/CFO - Banks, Corporate Lawyers and Venture Capital/Private Equity Companies to name a few.

AM Best Assigns Credit Ratings to Abu Dhabi National Insurance Company P.J.S.C.

Wednesday, October 6, 2021 - 4:57pm

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a (Excellent) to Abu Dhabi National Insurance Company P.J.S.C.

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a (Excellent) to Abu Dhabi National Insurance Company P.J.S.C.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Neurelis Announces Two Poster Presentations At The Annual Meeting Of The Child Neurology Society

Wednesday, September 29, 2021 - 2:00pm

SAN DIEGO, Sept. 29, 2021 /PRNewswire/ -- Neurelis, Inc. announced today that it is presenting two posters at the 50th Annual Meeting of the Child Neurology Society in Boston from September 29 through October 2.

Key Points: 
  • SAN DIEGO, Sept. 29, 2021 /PRNewswire/ -- Neurelis, Inc. announced today that it is presenting two posters at the 50th Annual Meeting of the Child Neurology Society in Boston from September 29 through October 2.
  • VALTOCO is a proprietary formulation of diazepam incorporating the science of INTRAVAIL.
  • INTRAVAIL's transmucosal absorption enhancement technology enables the noninvasive delivery of a broad range of protein, peptide and small-molecule drugs.
  • To report SUSPECTED ADVERSE REACTIONS, contact Neurelis, Inc. at 1-866-696-3873 or FDA at 1-800-FDA-1088 ( www.fda.gov/medwatch ).

NETSCOUT and Palo Alto Networks Integrate Security Solutions to Mitigate Risk and Increase Service Availability

Wednesday, September 29, 2021 - 1:00pm

"Security and network teams can take advantage of our collaboration to improve their security posture while simplifying complex security workflows and decreasing operating expenses."

Key Points: 
  • "Security and network teams can take advantage of our collaboration to improve their security posture while simplifying complex security workflows and decreasing operating expenses."
  • We're pleased to be working with Palo Alto Networks to help our customers reduce security risks through better intelligence."
  • For more information about how NETSCOUT and Palo Alto Networks are collaborating to detect, analyze, and mitigate security threats, please visit NETSCOUTs Palo Alto Networks partner page .
  • Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and jurisdictions throughout the world.