Sunday, May 14, 2017 BUSINESS 9 Microsoft re-releases security update Moody’s lifts Poland’s outlook to stable There are assets that we share, that Washington Warsaw we have paid for over the years icrosoft has taken the unusual step of re-releasing security lobal ratings agency Moody’s lifted its outlook for Poland and there will need to be a proper updates for some older versions of its Windows platforms to stable from negative, a decision that reflected “reduced computation of toM counter a massive global wave of risksG of loose fiscal policy” by its cyber ransomware attacks. In a blog rightwing government. Moody’s the value of those post, the US tech giant recalled that left unchanged its A2 investment assets,” it had published an update in March grade for the EU’s largest eastern to address the weakness exploited economy that has yet to join the in Friday’s attacks, a security flaw eurozone. The change reverses the Boris Johnson, exposed in documents leaked from agency’s May 2016 downgrade to British Foreign Secretary on Brexit bill the US National Security Agency. negative, its first in over a decade. LuLu International Exchange opens BKIC reports 11th branch in Juffair Q1 net profit LuLu International Exchange, a leading money exchange and remittance company in Bahrain, opened its 11th branch in Juffair Mall, Juffair on Friday. The branch was inaugurated by Adeeb Ahamed, Executive Director, LuLu International Exchange of BD504,000 in the presence of other senior management and dignitaries The branch was inaugurated by Adeeb Ahamed, Executive Director, LuLu International Exchange in the presence of other senior management and dignitaries. Ebrahim Al Rayes Murad Ali Murad Manama in Bahrain and Kuwait and also end of the current period. “We are proud to open this new ahrain Kuwait Insurance to the increase in unearned Commenting on the results, branch in Juffair. We have been BCompany yesterday premium reserves in motor Ebrahim Al Rayes, Chief and constantly trying to reach out announced financial results insurance. Executive Officer said that to our esteemed customers, and for the first quarter ending 31 Net income from investment the company has achieved a this new branch opening is in line March 2017, reporting a net increased by 118 per cent, from 7pc growth in gross premium counting with the company’s strategy to profit of BD503,845 compared to BD325,137 in first quarter of revenue, from BD10.6m in BD967,712 in the first quarter of last year to BD708,640 in first the first quarter of last year to With the opening of the new reinforce its growing presence in the last year. Earnings per share for quarter of this year. BD11.4m in the same period of branch, the exchange house cur- country while providing convenient the period was 7 fils compared Return on equity was 1.55pc this year. rently has 11 branches across the access to our wide range of to 14 fils in the same period of compared with 2.98pc in the Looking ahead, he said that Kingdom of Bahrain - one each services. Our culture of quality and last year. same period of last year. Net the company is seeking to in Juffair, Zinj, Umm Al Hassam, standardisation makes sure that The decline was attributed technical reserves rose from develop products and services to every branch offers the same quality to the increased claims in fire, BD13.1m at the end of the maintain its competitive position Salmaniya, Gudaybiyah, Hidd, of service that we have become medical and marine insurances previous year to BD15. 7m at the in both Bahrain and Kuwait. Manama, Muharraq, Sheikh Isa Al renowned for,” Kabeer Avenue and two in the Riffa Adeeb Ahamed, region Executive Director, Trump pledges to name new FBI director quickly LuLu International Exchange. resident Donald Trump lead the Federal Bureau of been vetted over their lifetime said yesterday he will move Investigation before he leaves essentially. But very well Pquickly to nominate a new on his first foreign trip. known, highly respected, really FBI director, after he sparked “Even that is possible,” talented people. And that’s About LuLu a political firestorm by firing Trump said, speaking on Air what we want for the FBI.” the man investigating possible Force One before departing for Critics have assailed Trump LuLu International Exchange has over the years emerged as a pre- collusion between Russia Lynchburg, Virginia, where he for abruptly dismissing Comey, ferred exchange house providing fast and reliable money trans- and the Trump presidential delivered a commencement who was leading the agency’s fer worldwide and foreign exchange services to a cross-section campaign. address. “I think the process is investigation into alleged of society, powered by a huge network, reputed partners and Trump told reporters he going to go quickly,” he said, Russian meddling in the 2016 high standards of customer care. Products like ‘LuLu Now’, which might even be able to make adding that the candidates U.S. election, and possible allows immediate credit to designated bank accounts instantly. his decision on who should under consideration were ties between Moscow and the succeed James Comey to mostly well known. “They’ve Trump presidential campaign..