HONG KONG: King Salman energy Park (SPARK) and Hutchison Ports signed a shareholders’ agreement for the formation of a joint venture to manage and operate the dry port and bonded logistics zone in the SPARK energy industrial city. Designed to ensure ease of access to global markets, the three-square-kilometre dry port will enable the future…
Cash on delivery drops as trust in digital payments rise: VISA
Pakistani consumers are increasingly stepping away from cash and putting their trust in digital payments in both in-store and online environments during the pandemic, according to the 2021 Stay Secure survey by Visa. Cash is unlikely to return to its previous high level of use According to the study, the use of cash in Pakistan…
Bahria Town Karachi
Bahria Town Karachi (BTK) is a privately owned gated suburb under construction community. BTK occupies 46,000 acres, just off the M-9 Motorway northeast of Karachi. The community is planned to house around one million people. Bahria Town has been shaping landscapes and lives in Pakistan since the company’s inception in 1996. Not just about building…
Swedish Match announces planned separation of its cigar business
STOCKHOLM, SWEDEN: Swedish Match has appointed Goldman Sachs as exclusive financial advisor on the intended spin-off of its cigar business. Swedish Match intends to separate its cigar business via a spin-off to shareholders and to completely exit the manufacturing of combustible tobacco products. Swedish Match has initiated preparations for a separation and a subsequent listing…
SES Sees Uptake in Cloud-Enabled Media Playout Service Worldwide
An increasing number of broadcasters and channel operators worldwide are adopting SES’s Cloud Playout service to better manage their linear TV channels and content assets flexibly and cost-effectively. This recent shift to cloud-based services means that SES now has more than 60 TV channels from Africa, Europe and Asia-Pacific that started utilising SES Cloud playout…
Update on partnership with, and funding to, Quanta Media Group
LONDON: Mobile Streams plc, the AIM quoted mobile content and data Intelligence Company, announced an update on progress made by Quanta Media Group Holdings and provision of further funding by MOS to Quanta. On 31 March the Company announced that it was providing QMGH a Convertible Loan Note of £250,0000, with a further £250,000 to be…
Campbell Fleming appointed CEO of AssetCo Plc
LONDON, UK: AssetCo Plc announced Campbell Fleming will be joining the board of directors and take up the role of Chief Executive Officer with effect from 2 October 2021. In the Readmission circular sent to Shareholders on 26 March 2021 it was explained that Peter McKellar would become Deputy Chairman and Chief Executive Officer of…
Studio Retail Group appoints Caroline Ross on the Board
LONDON, UK: Studio Retail Group, the digital value retail business, is pleased to announce the appointment of Caroline Ross as an independent non-executive Director. She will join the Board on 27th September 2021.Caroline is a highly experienced HR professional with a focus on innovation and technology, and a deep understanding of colleagues and culture. She…
Insig AI announces launch of Insig ESG
LONDON, UK: Insig AI, the technology company that provides machine learning solutions for asset managers, announced the launch of Insig ESG. Insig ESG is designed to improve transparent and efficient decision-making by investors looking to develop proprietary and best practice strategies in ESG. Insig ESG combines machine learning with the analytical tools to surface, visualise…
DeepVerge and Ion Exchange India form technology partnership
LONDON, UK: DeepVerge plc and Ion Exchange (India) Limited announced the establishment of a technology partnership “Centre of Excellence for India and the Middle East” using Modern Water’s All Membrane Brine Concentration (AMBC) technology, and Ion Exchange’s proven capabilities in design, engineering, construction, operation and maintenance of membrane systems that will culminate into three projects…
InfraStrata signs MoU with Navantia and Windar Renovables
LONDON, UK: InfraStrata plc has signed a Memorandum of Understanding (MoU) with Navantia, S.A and Windar Renovables to target specific fixed and floating wind projects primarily within the UK. The MoU signals a firm commitment from all three parties to actively secure wind farm development projects and execute them together. This collaboration will enable the…
Sabien becomes exclusive sales agent for City Oil Field
LONDON, UK: The Board of Sabien Technology Group, company focused on building a portfolio of solutions in the heating, cooling, and transportation sectors, announces today an agreement with City Oil Field Incorporated of South Korea (COF). The agreement provides that Sabien acts as an exclusive sales agent for COF in the UK, with non-exclusive rights…