KARACHI: The pharmaceutical manufacturers are anticipating a significant decline in sales, as the border with Afghanistan was closed stopping informal export of medicine to the neighboring country, an industry official said. “Only our company used to send medicines worth approximately Rs1.0 billion to Afghanistan through informal channels,” an official of a local pharmaceutical manufacturing company…
LONDON: Victoria Oil & Gas Plc, announced that its whose wholly-owned subsidiary, Gaz du Cameroun has signed a non-binding term sheet with Aksa Enerji Uretim to supply Aksa Energy with up to 25mmsfd of gas to Aksa Energy’s planned 150MW power station, to be located in Bekoko, Douala, Cameroon. The Term Sheet is subject to…
LONDON: Amigo Holdings PLC, the leading provider of guarantor loans in the UK, confirms Hamish Paton has been appointed as CEO and executive director of the Company with immediate effect, following FCA authorisation. Following the above change the total number of Directors will consist of four independent Non-Executive Directors, including the Chairman and two as…
LONDON, UK: The Board of Future plc, the global platform for specialist media, announced the acquisition of SmartBrief Inc., a leading US based digital media publisher, for an initial sum of $45 million. The initial $45 million will include a cash consideration of $32.2 million funded from the Group’s existing debt facilities, with a further…
LONDON, UK: Renalytix AI plc, a developer of artificial intelligence-enabled diagnostics for kidney disease, announced the expansion of its leadership team with the appointment of diagnostic industry leader Thomas McLain as President and Chief Commercial Officer, effective immediately. In this non-Board role, McLain will be responsible for leading the commercial programme for KidneyIntelX™ with a…
SINGAPORE: The Board of Directors of Advanced Systems Automation Limited announced that Yumei Technology Sdn Bhd, a wholly-owned subsidiary of the company, has entered into an agreement with Nakareg International Company Limited, whereby Yumei Technology is appointed as the business partner of Nakareg to manufacture steel trailer wheels. The total investment cost for the project…
LONDON, UK: JSC National Atomic Company, Kazatomprom, announced its first Capital Markets Day, which will be held in London, United Kingdom, the afternoon of September 30, 2019, at the London Stock Exchange. Kazatomprom will be represented by members of its Management team, as well as members of the Board of Directors. A more detailed agenda…
LONDON: Aura Energy Limited notified that the Tiris Uranium Definitive Feasibility Study (DFS) has been completed and has confirmed the Tiris Uranium Project as a low capital cost and low operating cost development opportunity. “The completion of the Tiris Uranium Project Definitive Feasibility Study has concluded that the project possesses both a very low capital…
SINGAPORE: AC Energy and Power Partners Ltd. signed a binding agreement for the transfer of AC Energy’s indirect ownership interest in the 4x135MW coal-fired power project in Kauswagan, Lanao del Norte (GNPK Project) in favor of Power Partners. Power Partners is AC Energy’s existing developer-partner in the GNPK Project. The transfer will be implemented in…
MOSCOW: Gazprom Gerosgaz Holdings and Rosingaz Limited (Cyprus), wholly-owned subsidiaries of Gazprom, have successfully completed the sale of 693.627 million ordinary shares of Gazprom. The shares representing 2.93 percent of the charter capital were sold via collecting and accepting bids for the purchase of the shares using trading platform of Moscow Exchange. Gazprombank (Joint Stock…
KARACHI: Pakistan Customs has detected gross mis-declaration of imported goods by Amreli Steels Limited, which would have caused a significant revenue loss if went undetected, Customnews.pk reported. Amreli Steels Limited was incorporated in 1984 as a private limited company and converted into a public unquoted company in 2009. The Company is mainly engaged in manufacture…
DUBAI, UAE: Deyaar Development, one of Dubai’s largest property development and real estate services companies along with Millennium Hotels & Resorts, one of the fastest-growing hotel management companies in the region, announced that the project work of the four-star hotel and superior serviced apartments Millennium Al Barsha Hotel is now completed and expected to open…