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HAMILTON, Bermuda-Tuesday, February 7th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, today announced it has closed the acquisition of Ariel Re, a global underwriter of insurance and reinsurance business.

Ariel Re was jointly owned by Banco BTG Pactual S.A. and the Abu Dhabi Investment Council. The company underwrites a global portfolio of insurance and reinsurance business through Lloyd’s Syndicate 1910.

ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.

Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialt ... Read more »

 Laying of the foundation stone in Dubai

Dubai, United Arab Emirates -Sunday, February 12th 2017 [ ME NewsWire ]

Wilo, the leading manufacturer of pumps and pump systems, celebrated laying the foundation stone for its new facility, which will be located in the Jafza (Jebel Ali Free Zone) of Dubai. By investing in the Dubai economic hub, Wilo is acknowledging the region’s growing prominence and responding to the growing requirements of the market. “The role of the city as a platform and logistic hub for trade in the Middle East, Dubai’s efficient infrastructure by land, sea and air and the long-term economic stability offered by this country were the crucial factors tipping the balance in favour of investing here. The construction is scheduled for completion in early 2018”, Carsten Krumm, COO of WILO SE explains.

Selected guests and customers from the Middle East attended to celebrate the laying of the foundation stone. Guests incl ... Read more »

5th Annual World Government Summit examines future globalization

Dubai, United Arab Emirates -Sunday, February 12th 2017 [ ME NewsWire ]

His Highness, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai welcomed 4000 global leaders and experts from 139 countries today in Dubai to kick off the 5th annual World Government Summit. 

The first day featured an opening address from Founder and Chairman of the World Economic Forum, Klaus Schwab who cautioned governments about the global ‘emotional turmoil’ saying, “If we want to go forward, we need a completely new system where the human-being is at the center, and societal advancement is the key.”

Building off this sentiment, a panel of experts including Professor Jeffrey Sachs, American economist concurred that the success of government must be defined by its ability to facilitate the happiness and well-being of its citizens, an ... Read more »