KARACHI: Pakistan Automotive Manufacturers Association (PAMA) published monthly automobile sales data for July 2019, wherein overall auto sales for the month of July 2019 nosedived 37% YoY and 13% MoM to 18,848 units. Passenger car sales in the country plummeted…
LONDON: Georgia Capital PLC announced that the Group’s wine business has acquired a 100% equity interest in Alaverdi Ltd. Alaverdi owns 244 hectares of vineyards in the Kakheti region, the vast majority of which grow Georgia’s flagship red wine grapes,…
LONDON: IMI plc has announced the proposed acquisition of PBM Inc., for an enterprise value of $85 million. PBM will become part of IMI’s Critical Engineering division. The proposed acquisition of PBM is fully aligned with IMI’s strategy and represents…
LONDON: Gresham House Energy Storage Fund has completed its investment in a symmetrical 5MW battery-only project based in Wolverhampton for a total enterprise value of approximately £3.5 million. The project is one of the exclusivity portfolio projects identified by the…
LONDON: John Wood Group PLC announced the sale of its nuclear business to a subsidiary of Jacobs for a cash consideration of £250 million representing a multiple of approximately 12.4x based on 2018 EBITDA of £20.2 million. Closing is conditional…
LONDON: Asiamet Resources Limited has successfully placed a total of 50 million new common shares of par value US$0.01 each at a price of 3.5 pence per share raising gross proceeds of approximately US$2.124 million. Proceeds of the placing will…
TOKYO: Nomura Holdings Inc. announced that LINE Securities Corporation, the firm’s joint venture with LINE Financial Corporation, has launched a new investment service on the LINE platform. LINE Securities is committed to making investing more accessible to a wide range…
LONDON: JSC National Atomic Company (Kazatomprom) has announced its intention to continue to flex down production by 20% through 2021, compared to the planned levels under Subsoil Use Contracts, a release issued to London Stock Exchange noted. The Company will…
DUBAI, UAE: Listed companies at Dubai Financial Market (DFM) have recorded a 96% compliance regarding the disclosure of Q2-2019 results within the deadline of 45 days from the end of the period, a release said. The total number of UAE…
DUBAI: Gross Refinery Margins (GRMs) for August-2019, increased by 21% YoY to US$11.45/bbl, supported by robust performance at the top and bottom of the barrel. However, sequential uptick of 23% MoM in GRMs is a result of strong middle of…
DOHA: Gulf International Services announced that Gulf Drilling International (GDI), a wholly owned subsidiary of GIS, has executed a joint venture agreement with Seadrill limited to service the Qatar Petroleum North Field Expansion drilling program. The joint venture, which will…
SINGAPORE: Rex International Holding Limited, a technology-driven oil company, updates its business strategy going forward, after achieving a record profit net of tax of approximately US$26.29 million for the quarter ended 30 June 2019, following the Group’s sales of interests…