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  • New CEO for Medavia

    New CEO for Medavia

    Ramah Ettir has succeeded Abdulrazagh Zmirli as the chief executive officer of Medavia. Mr Zmirli was at the helm of the company for more than 24 years. Mr Ettir qualified as an aircraft engineer in 1981 and worked for Libyan Arab Airlines and...

  • New appointment for KDM Travel

    The KDM Group of Companies has appointed Karl Schranz as general manager of KDM Travel. He will be overseeing the operation as a whole, including the recently acquired Active Travel and the affiliation with HRG Group Worldwide. Mr Schranz comes...

  • Legal executive for BOV

    Legal executive for BOV

    Bank of Valletta has appointed Valerie Fiott as its new legal executive. Reporting directly to the chief executive officer, Dr Fiott will be the bank’s most senior executive within the bank’s legal arm. Dr Fiott joined Bank of Valletta in 1996 and...

  • Swissquote appoints senior executive officer

    Swissquote appoints senior executive officer

    Swissquote Financial Services (Malta) Ltd has appointed Andrew Zarb Mizzi as its new senior executive officer. Mr Zarb Mizzi is an accomplished financial services professional, who held senior executive positions with leading firms operating...

  • Commercial manager for Multigas

    Commercial manager for Multigas

    Industrial and medical gas supplier Multigas has appointed Mark Asciak as commercial manager, taking over from Bernard Ferrante, who has retired after 37 years. Holding a mechanical engineering degree and a Henley’s MBA, Ing. Asciak, 36, brings a...

  • Officer for Maltapost

    Officer for Maltapost

    Mark Vella has been appointed as the chief commercial officer of Maltapost, taking over from Daniel Grech, who has resigned. Mr Vella had occupied the post of chief information officer since July 2014.

  • Shell offers 50% premium to buy BG Group for £47bn

    Shell offers 50% premium to buy BG Group for £47bn

    Royal Dutch Shell agreed to buy smaller rival BG Group for $70 billion in the first oil super-merger in more than a decade to close the gap with the world’s largest oil firm US ExxonMobil. In a joint statement, the two firms said Shell would pay a...

  • The unexpected Q1 rally

    The unexpected Q1 rally

    At the start of the New Year, probably few investors and market participants would have expected that during the first three months of 2015, various equities would have produced such significant double-digit gains. Although the MSE Share Index...

  • UK opposition Labour pledge to end ‘non domicile’ tax status

    Britain’s opposition Labour Party yesterday pledged to scrap tax rules that allow wealthy individuals to legally reduce the amount of tax they pay on money earned overseas if the party wins a national election on May 7. The change would affect...

  • KPMG Internal Audit Services: focus on value creation and risk

    Success in today’s complex and fast-paced business environment requires you to ensure that two elements are solidly embedded in your organisation. These two success factors are: value creation and effective risk management, control and governance.

  • Commission investigating merger of TeliaSonera and Telenor

    The European Commission has opened an in-depth investigation to assess whether the proposed joint venture between the Danish operators TeliaSonera AB and Telenor ASA is in line with the EU Merger Regulation. Both companies provide...

  • I have retired – time to move abroad

    I have retired – time to move abroad

    Changes from April 6 will allow those people in the UK aged 55 and over to withdraw all the money from their pension scheme, with 25 per cent as a potentially tax-free lump sum. Alternatively, they can withdraw it in chunks with 25 per cent...

  • Greece raises €1.1bn, sells all six-month T-bills on offer

    Greece raises €1.1bn, sells all six-month T-bills on offer

    Greece raised €1.138 billion at an auction of six-month Treasury bills yesterday, moving the full amount on offer in the first of two sales this month as it tries to roll over debt and navigate its way through a cash crunch. Despite Athens’...

  • SHout – Spring Hunting Out – vote No on April 11

    SHout – Spring Hunting Out – vote No on April 11

    On Saturday, we all have the chance to take part in a referendum to abolish spring hunting in Malta by voting No/Le. The referendum is happening because 10 per cent of Maltese voters asked for it by signing a petition. Now we have the power to...

  • Stocks gain on Royal Dutch Shell bid as dollar slips

    Global equity markets rose on yesterday, with European shares hitting eight-year highs on Royal Dutch Shell's $70 billion bid for energy firm BG Group, while the dollar slipped ahead of the release of US Federal Reserve minutes. Equity markets...

  • €2.5bn plan to boost business investment of French firms

    €2.5bn plan to boost business investment of French firms

    French firms will benefit from bigger tax rebates on their investments as part of reforms announced yesterday to boost business activity. Flat business investment remains a drag on the improving economic outlook for the eurozone’s second-largest...

  • HSBC Malta joins branches across the world for WWF’s Earth Hour 2015

    HSBC Malta joins branches across the world for WWF’s Earth Hour 2015

    HSBC Malta participated in Earth Hour for the eighth consecutive year by switching off non critical lighting and air-conditioning, leading to an estimated saving of 49kg of greenhouse gas emissions. This is equivalent to emissions by 37...

  • EU reimposes sanctions on Iranian bank and 32 shipping companies

    The EU reimposed sanctions on an Iranian bank and 32 Iranian shipping companies yesterday, using new legal grounds, after the measures were struck down by a European court. Coming days after Iran and six major powers reached a framework agreement...

  • Marking the first anniversary of the Vilhena Global Balanced Multi-Manager Fund

    Valletta Fund Management Ltd has announced that the Vilhena Global Balanced Multi-Manager Fund registered 15.4 per cent return to shareholders over one year from its inception in March 2014. The Vilhena Global Balanced Multi-Manager Fund provides...

  • Express Trailers strengthens UK service with new Birmingham depot

    Express Trailers strengthens UK service with new Birmingham depot

    Express Trailers this week started operating a new weekly road freight service to Birmingham in the UK through a partnership agreement with Sheldon Clayton Logistic Group. Based in West Bromwich, Sheldon Clayton Logistics enjoys an excellent reach...