SYDNEY, AUSTRALIA: SRG Global Ltd has strengthened its Board of Directors with the appointment of Ms Amber Banfield to the role of Non-Executive Director and member of the Audit Committee, effective from 25 October 2021. Amber brings valuable experience in transformational growth supporting the customers, markets and sectors serviced by SRG Global, as well as…
Telstra partners Australian Gov’t to acquire Digicel Pacific for $1.6bn
SYDNEY, AUSTRALIA: Telstra partnered with the Australian Government to acquire the Digicel business in the South Pacific region for US$1.6 billion. Moreover, an additional US$250 million to be paid subject to business performance over the next three years. The Digicel business will be owned and operated by Telstra. Telstra is contributing US$270 million of equity…
GFH Financial signs investment partnership with Schroders Capital
MANAMA, BAHRAIN: GFH Financial Group has entered into a strategic partnership with Schroders Capital to invest in select private equity and venture capital deals on a discretionary basis. Schroders Capital has US$70 billion of assets under management and is the private markets investment division of Schroders, the global asset management group with US$968 billion of…
Nakilat and Karpowership to jointly own and operate Floating Storage Regasification Units
DOHA, QATAR: Nakilat and Karpowership have signed a Memorandum of Understanding (MoU) to collaborate in the LNG-to-power market and jointly own and operate Floating Storage Regasification Units (FSRUs). Nakilat’s Chief Executive Officer Eng. Abdullah Al-Sulaiti said: “We are very pleased and excited to sign this agreement with Karpowership today. This fits very well with Nakilat’s…
American Road Insurance Company has a stable outlook
DEARBORN, MICHIGAN: The American Road Insurance Company (TARIC) is part of an insurance holding company system wholly owned by Ford Motor Credit Company. It operates as a property and casualty insurance company. Global insurance rating agency, AM Best affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent)…
Aldar to create 1,000 jobs for UAE nationals by 2026
ABU DHABI, UAE: Aldar Properties will create employment opportunities for 1,000 UAE nationals over the next five years in line with the ambitious Emiratisation goals set out in the UAE’s ‘Projects of the 50’ initiative. The announcement reaffirms the company’s commitment to increase Emiratisation levels in the private sector and develop the next generation of…
Rio Tinto, BHP and Fortescue collaborate to create safer workplaces
MELBOURNE, AUSTRALIA: Rio Tinto, BHP and Fortescue Metals Group have agreed to partner and fund programs as part of a continued commitment towards creating safer workplaces that are free from sexual harassment, bullying and racism. Through this partnership, Rio Tinto, BHP and Fortescue will fund and contribute to the design, build and implementation of new…
Arbitration claims reached to approximately AED 3.5 billion
DUBAI, UAE: As part of its endeavors to update its shareholders and for transparency and disclosure purposes and in accordance with regulatory requirements, Union Properties PJSC, one of the most notable developers in Dubai, now updates on the arbitration claim filed by one of its subsidiaries. The total estimated amount included in the subsidiary’s claims…
PIA receives delivery of A320 aircraft
KARACHI: Pakistan International Airlines (PIA) has received delivery of the second A320 aircraft acquired on dry lease. The A320 aircraft reached Islamabad airport from Paris. CEO PIA, Air Marshal Arshad Malik congratulated the airline officials on the induction of the aircraft. He said that new version of fuel efficient aircraft will further improve PIA service….
Puma Alpha VCT announces £20 million fundraising offer
LONDON, UK: Puma Alpha VCT has expressed intention to launch a fundraising offer to raise upto £20 million. “Puma Alpha VCT announced its intention to launch a new offer for subscription in November 2021 to raise up to £15 million with an over-allotment facility of up to a further £5 million,” a bourse filing said….
Huawei Arab Innovation Day 2021
RIYADH, KSA: Held under the theme of “Collaboration to Drive Innovations in the Arab World,” Huawei Arab Innovation Day 2021 witnessed landmark keynotes and discussions led by ministerial and senior leaders from the Arab governments, regional and international ICT organizations, and high-level technology stakeholders from different verticals and industries. The opening keynote was delivered by…
ProAxsis announces the approval of a key US patent
LONDON, UK: NetScientific plc’s wholly owned subsidiary ProAxsis Limited has received approval of a key US patent for the underlying technology associated with its brand-new K-POSTN Assay, which it intends to launch shortly. This is a significant step towards measuring bone health with a new innovation for patients at high risk of osteoporotic fractures. In…