Incorporating Azure OpenAI Service and using Duck Creek’s low-code platform empowers insurers to modernize responsibly BOSTON, Nov. 16, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces a breakthrough initiative in collaboration with Microsoft. This collaboration is poised to empower insurers […]
Day: November 16, 2023
Pacific Green Acquires Five Battery Energy Storage Developments in Italy Totaling 500MW / 2,800MWh
Dover, DE, Nov. 16, 2023 (GLOBE NEWSWIRE) — Pacific Green Battery Energy Park (Italia) Srl, a wholly-owned subsidiary of Pacific Green Technologies, Inc. (the “Company” or “Pacific Green”, (OTCQB: PGTK)) announces that it has acquired 51% of the shares in five Italian projects (the “Projects”) from Sphera Energy Srl. The remaining 49% of the shares […]
PACRA Affirms Samba Bank’s Debt Rating Backed by Strong Group Profile
Karachi, Samba Bank Limited (SBL) has maintained its debt instrument rating, as affirmed by The Pakistan Credit Rating Agency Limited (PACRA). The bank’s rating is bolstered by the robust profile of its sponsoring group, the Saudi National Bank (SNB), …
PACRA Issues Initial Rating to K-Electric Limited’s New Sukuk Amid Financial Challenges
Karachi, K-Electric Limited (KE), the key electricity provider in Karachi and its surrounding regions, has been assigned an initial rating by The Pakistan Credit Rating Agency Limited (PACRA) for its newly issued financial instrument, PPSTS-19. The rat…
IMF Approves Crucial Staff-Level Agreement with Pakistan, Focusing on Energy Sector Overhaul
Islamabad, The International Monetary Fund (IMF) and Pakistani authorities have reached a significant staff-level agreement under Pakistan’s Stand-By Arrangement (SBA). This agreement, pending approval by the IMF’s Executive Board, is pivotal for Pakis…
Ghani Glass Limited Reports Strong Earnings, Faces Market Challenges
Karachi, Ghani Glass Limited (GHGL) recently conducted a corporate briefing to discuss its financial results for the fiscal year 2023 (FY23) and the first quarter of fiscal year 2024 (1QFY24). The company reported significant year-over-year (YoY) growt…
Emirates Expands A350 Fleet with $6 Billion Order at Dubai Airshow
Dubai, In a significant expansion of its fleet, Emirates airline announced a $6 billion order for 15 additional Airbus A350-900 aircraft at the Dubai Airshow 2023. This new order brings the total number of A350s on Emirates’ books to 65, marking a subs…
Huawei Unveils Paris Innovation Center to Bolster SME Growth in Europe
Paris, Huawei marked its Innovation Day 2023 in Paris with the theme ‘SME Innovation: Unlocking Europe’s Economic Future,’ bringing together European and global innovators to focus on collaborative growth for Small and Medium-sized Enterprises (SMEs). …
5G FWA Emerges as Key to Bridging Broadband Connectivity Gap in Africa
Cape Town, At the Africacom 5G Summit, a significant white paper titled “5G FWA in Africa, Emerging Trends and Opportunities” was released, offering a comprehensive analysis of the development and future potential of 5G Fixed Wireless Access (FWA) serv…
PACRA Assigns Initial Rating to K-Electric Limited Amid Economic Challenges
Karachi, K-Electric Limited (KE), a key player in Pakistan’s power sector, has been assigned an initial rating by The Pakistan Credit Rating Agency Limited (PACRA) for its latest financial instrument. This rating comes amidst a challenging economic env…