Max Life establishes presence in the United Arab Emirates (UAE)
AdvertisementThe representative office will offer faster, more efficient services to its customers based in the GCC regionDUBAI, UAE, Jan. 12, 2024 /PRNewswire/ — Max Life Insurance Company Ltd. (“Max Life“/”Company”) expands its presence in the Middle East with the opening of its first representative office in Dubai, United Arab Emirates (UAE). With this presence, Max Life aims to provide the same level of compassion, affinity, and customer delight to their customers based in the UAE, at par with the Indian market. Max Life has grown at a 5-year Compound Annual Growth Rate (CAGR) of 13% on Individual New Business. In a business of trust, Max Life prioritizes prompt and hassle-free settlement of death claims, as exemplified by a Claims Paid ratio of 99.51% in FY23. *As per Public DisclosuresPhoto : https://mma.prnewswire.com/media/2317267/Max_Life_Insurance_1.jpgPhoto : https://mma.prnewswire.com/media/2317268/Max_Life_Insurance_2.jpgPhoto : https://mma.prnewswire.com/media/2317269/Max_Life_Insurance_3.jpgLogo : https://mma.prnewswire.com/media/1992948/4492032/Max_Life_Insurance_Logo.jpgView original content to download multimedia:https://www.prnewswire.com/news-releases/max-life-establishes-presence-in-the-united-arab-emirates-uae-302033516.htmlSOURCE Max Life InsuranceDisclaimer: The above press release comes to you under an arrangement with PR Newswire.
Source:The Bubble
January 12, 2024 22:08 UTC
Milei’s first inflation rate hits 25.5%
Argentina’s monthly inflation rate reached 25.5% in December 2023, according to the National Institute for Statistics and Census (INDEC, for its Spanish acronym). The inflation rate, published on Thursday, is the highest since February 1991. It was also the highest 2023 inflation rate in Latin America, surpassing Venezuela’s which was 193% according to the Venezuelan Finance Observatory. Food and non-alcoholic beverages have the highest impact on the inflation rate given the category’s influence on the index. A report by the Center of Argentine Economic Politics (CEPA, by its Spanish acronym) said that the 118% exchange rate jump was the main reason behind December’s inflation rate.
Source:Bueno Aires Herald
January 12, 2024 13:58 UTC
Akira Kurosawa at the MALBA: a special January film season
The Latin American Art Museum of Buenos Aires (MALBA, by its Spanish acronym) is offering a unique program of eight films by Japanese master filmmaker Akira Kurosawa. The films, all in 35mm prints, will be playing every Thursday of January at the Museum’s film theater, programmed by Fernando Martín Peña. The series continues on Thursday 11 with Seven Samurai (1954), a medieval tale of a helpless town that hires a group of samurais to defend them from pillagers. With such a life, how can I abandon it?” said Kurosawa in an interview published by film critic Andrew Sarris. Yojimbo is a bit of a portrait of this situation,” said Kurosawa in an interview with Gian Luigi Rondi.
Source:Bueno Aires Herald
January 12, 2024 13:58 UTC
Dollarization, drugs and armed conflict: What’s behind the violence in Ecuador
The wave of violence marks a major security meltdown in a country that has been suffering in recent years from worsening violence linked to the drugs trade. “In Quito, the city is dead,” said María Fernanda Noboa (no relation to the president), dean of the National Higher Education Institute, who focuses on security. “They started out with common felonies, but then they allied with the big drug cartels,” María Fernanda told the Herald. Formerly amateur gangs became professional, not only trafficking drugs but also carrying out armed attacks and planting explosives and bomb cars. María Fernanda said Ecuador “has been fighting violence with more violence.”“Strategic anticipation has not been taken seriously,” she said.
Source:Bueno Aires Herald
January 11, 2024 05:22 UTC
From ‘Alive’ to ‘Society of the Snow,’ the true story behind the Andes flight disaster
The remaining 29 rationed what little food they had found in the luggage, and some of them died in the subsequent days. The incredible true story of the Andes flight disaster or “The Miracle of the Andes” has been the subject of several books, and adapted to film three times. The first was the forgotten 1976 Mexican film Supervivientes de los Andes — a mostly exploitative version that focused on the gruesome aspects of the story (i.e. That film, starring Ethan Hawke, was adapted from the best-selling book Alive by Piers Paul Read, which gave a detailed account of the events. Its name appears to have been written specifically for this harrowing true story: the Valley of the Tears.
Source:Bueno Aires Herald
January 11, 2024 04:32 UTC
Encuentro Camisetero: the community behind the football collection event
The Encuentro Camisetero is a meeting where football jersey collectors from across Argentina meet in Buenos Aires to showcase their collections, trade and sell jerseys, and generally share knowledge about their hobby. The Herald met with Eduardo Agro and Sebastián Nieszawski from the organization team to talk about the origins and future of the Encuentro Camisetero. A football fan’s DisneylandLike many friend groups, the Encuentro Camisetero began online. Despite starting as a jersey collectors event, the Encuentro Camisetero has diversified over time — collectors of pennants, stickers, and other football-related memorabilia have showcased their treasures in some of the last events. We also feel people are engaged that way, they want to help.”The Encuentro Camisetero also looks to put behind some of the passion for football’s uglier sides.
Source:Bueno Aires Herald
January 10, 2024 09:26 UTC
Exchange market honeymoon ends with US dollar surge
The blue or informal US dollar exchange rate increased by 70 pesos on Tuesday to AR$1120 — the first significant surge in a month, ending an exchange rate honeymoon during which the greenback’s value stood steady. The different exchange rates, some of the most-watched indexes in the Argentine economy, had been steady after the government devalued the currency by 54% taking the official exchange rate to AR$800. With the retail official exchange rate at AR$859, the exchange rate gap — or brecha — with the blue exchange rate is 30%. Varied explanations have been put forward for the end of the so-called exchange rate honeymoon — called a “veranito” (Spanish for “little summer”) in Argentina. All in all, according to Ecolatina, a 2% monthly crawling peg seems far from enough to avoid an exchange rate lag, i.e.
Source:Bueno Aires Herald
January 10, 2024 00:16 UTC
Drilling and Completion Fluids Market to Reach $12.9 Billion, Globally, by 2032 at 4.2% CAGR: Allied Market Research
The global drilling and completion fluids market was valued at $8.6 billion in 2022 and is projected to reach $12.9 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032. The International Energy Agency projected a 50% to 85% decline in oil and gas revenues in 2020, impacting the drilling and completion fluid market. The construction industry, which accounted for a significant share of drilling fluid consumption globally, experienced halted construction due to the pandemic, resulting in a decline in drilling fluid demand. The rapid increase in demand for oil has led to an increase in oil production, which increases the use of drilling and completion fluids. The report provides a detailed analysis of these key players in the global drilling and completion fluids market.
Source:The Bubble
January 09, 2024 15:03 UTC
PTC Therapeutics Provides an Update on Commercial Progress and R&D Pipeline at 42nd Annual J.P. Morgan Healthcare Conference
Preliminary 2023 unaudited financial results and 2024 financial guidance will also be provided. Unaudited 2023 Financial Results:Total unaudited net revenue for full-year 2023 was approximately $946 million. 2024 Financial Guidance:PTC anticipates total revenues for the full-year 2024 to be between $600 million and $850 million. Quantitative reconciliations of the non-GAAP financial measures to their respective closest equivalent GAAP financial measures are included in the table below. There are no guarantees that any product will receive or maintain regulatory approval in any territory, or prove to be commercially successful, including Translarna, Emflaza, Upstaza, Evrysdi, Tegsedi or Waylivra.
Source:The Bubble
January 09, 2024 00:53 UTC
New wave of protective writs against Milei’s mega-decree
Since the country’s top labor court blocked its labor reforms on Wednesday due to protective writs against that specific chapter of the decree, a surge of writs from different sectors is trying to replicate the move. Among the parties filing new protective writs in response are the Press Workers’ Argentine Federation (Fatpren in Spanish) and the Argentine Federation of Travel and Tourism Companies (Faevyt). You may also be interested in: Milei’s decree has landed in court. The judiciary is currently in summer recess, but some courts have lifted it to analyze the protective writs presented against the DNU. You may also be interested in: How Milei’s mega-decree has sparked a fight with Argentine football clubs
Source:Bueno Aires Herald
January 08, 2024 12:46 UTC
Translation troubles: contentious pipsqueaks
ContenciosoIf you want translation troubles, you can trust any news that has anything to do with the judiciary — we’ve mentioned the dreaded intervenido before. Fingir demenciaThis was a strong contender for our words and phrases of 2023 because it was so ubiquitous last year. The literal translation is “pretend like you have dementia” — pretty tough for anyone who has seen it up close. PiscuíThis is uncomplicated but worth it: Facundo called me piscuí and I thought it was just the cutest thing. Share your thoughts and translation hang-ups with us on Facebook, Twitter or Instagram!
Source:Bueno Aires Herald
January 08, 2024 12:45 UTC
Surprise U-turn: Milei arrives in Antarctica to launch anti-pollution program
President Javier Milei arrived at the Argentine Marambio Base in Antarctica at noon on Saturday, intending to launch a contamination control program promoted by the International Atomic Energy Agency (IAEA). The President’s Office wrote in an X post that Milei left the city of Río Gallegos for Antarctica after 9 a.m. “President Javier Milei departs for the Marambio Joint Antarctic Base” was the message on the President’s departure. Milei went into the white continent with an IAEA team including its Argentine president, Rafael Gorssi. The trip is part of NUTEC Plastics, an IAEA initiative to address the global challenge of plastic pollution.
Source:Bueno Aires Herald
January 07, 2024 10:31 UTC
Taxes cut on imported goods destined for export manufacturing
The government on Thursday removed the PAIS tax on imported items for use in manufacturing products destined for export. On July 24, the previous government broadened the reach of the tax so that it applied to all imported goods, including industrial inputs and raw materials. “The PAIS tax was also paid when the product is exported,” he said. However, a source from Tierra del Fuego’s government told the Télam news agency that this was not the case. The PAIS tax was the tax with the highest growth in 2023, with an increase of 335.5% compared to last year.
Source:Bueno Aires Herald
January 06, 2024 15:55 UTC
Government analyzes US$71-billion swap of all 2024 maturities
The Argentine government is analyzing a debt swap with banks operating in the country for the entirety of its 2024 maturities: AR$57.5 trillion (US$71 billion at the official rate). “It is a good sign for the markets because it removes all debt maturities [for 2024],” the bank source said. The source added that the economic cabinet is putting together working teams to work on a more concrete proposal. According to a report by the GMA brokerage cited by Bloomberg, the US$71 billion debt includes notes with interest payments tied to inflation, the exchange rate, and fixed-rate bonds. You may also be interested in: Argentina’s Treasury faces 2024 with US$17 billion in foreign debt
Source:Bueno Aires Herald
January 06, 2024 04:02 UTC
Argentine government announces four new low-cost flights
Flybondi, which became the first low-cost carrier to operate in Argentina in 2016, has already started flying the Buenos Aires-Mar del Plata route. It is the first time a low-cost airline has run the route, and the first flight was 90% full, according to a statement by the ministry. Brazilian carrier GOL will open a new international route between Buenos Aires and Bogotá, Colombia, starting in April. The ministry said the “open skies” policy aimed to achieve “greater competition in the markets, reach new low-cost routes and promote a wide offering of flights at affordable prices.”Milei’s mega-decree repealed national air travel regulations requiring at least half of national flights to be operated by Argentina’s state-owned flagship carrier. The decree also allows foreign planes with foreign crews to operate flights in the country.
Source:Bueno Aires Herald
January 05, 2024 19:55 UTC