KARACHI: Pakistan Stock Exchange (PSX) has presented important budgetary proposals for 2021-22 to boost economic growth and address key structural imbalances in Pakistan’s economy. The stock market is one of the most documented sectors of the economy. All capital market participants are fully documented; hence developing the capital markets is fully aligned with FBR’s efforts…
Integrated Diagnostics Holdings shares begin trading on Egyptian Exchange
LONDON: Integrated Diagnostics Holdings (IDH) announced that its EGP-denominated and dual-listed ordinary shares begin trading today on the Egyptian Exchange (EGX) under the ticker code IDHC.CA complementary to its trading on the London Stock Exchange. Trading began after Integrated Diagnostics Holdings (IDH) has satisfied all regulatory approvals for its technical listing on the EGX without any…
Abu Dhabi Ship Building to build patrol vessels for UAE Navy
ABU DHABI: Abu Dhabi Ship Building PJSC signed a dual currency contract to build four Falaj 3-class Offshore Patrol Vessels for the UAE Ministry of Defence and the UAE Navy. There is the opportunity for a furthercontract under the Program for integrated logistics support (ILS) and spare parts supply which could take the total program…
Savills plc acquires remaining 75% in DRC Capital LLP for up to £60 million
LONDON: Savills plc investment management business, Savills Investment Management (Savills IM), has agreed to acquire the remaining 75% of member interests not already owned by it in DRC Capital LLP (DRC), the European Real Estate Debt Manager. Savills IM acquired an initial 25% member interest in DRC in September 2018, at which time it was…
Mapletree Industrial Trust acquiring $1.32 billion data centre portfolio in the United States
SINGAPORE: Mapletree Industrial Trust (MIT) has entered into a purchase and sale agreement to acquire 29 data centres located across 18 states in the United States at a purchase consideration of $1.32billion from Sila Realty Trust Inc., a news release said. As the world’s largest and most established data centre market, United States accounted for…
Clean Seas Seafood lists on Euronext Growth
OSLO: Clean Seas Seafood Limited has listed on the Euronext Growth market in Oslo with the ticker code “CSS”, offering investors an opportunity to invest in the global leader in full cycle breeding, farming, processing, and marketing of Yellowtail Kingfish, a highly attractive species with strong growth momentum in restaurants and retailers globally, a news…
Cegal Group announces acquisition of Envision AS
OSLO: Cegal Group AS has signed an agreement to acquire all the shares in Envision AS, a news release said. Cegal is fully owned by Chip Bidco AS, again majority owned by Norvestor SPV I Holding AS. Envision delivers consultancy services, training, data and information management and software solutions to the energy industry. This acquisition…
TSFE and EFG Hermes acquire 76% of the capital of Arab Investment Bank
CAIRO: The Sovereign Fund of Egypt (TSFE) and EFG Hermes Holding have executed agreements to acquire 76% of the capital of Arab Investment Bank, a news release said. The acquisition will be structured as a capital increase that will increase the paid-in capital of the Bank to EGP 5 billion, making it compliant with the…
Total to supply 500,000 tons of LNG/year to ArcelorMittal Nippon Steel till 2026
PARIS: Total SE (NYSE:TOT) and India’s ArcelorMittal Nippon Steel (AMNS) have signed an agreement for the supply of up to 500,000 tons of liquefied natural gas (LNG) per year until 2026, a news release said. The LNG will be sourced from Total’s global portfolio and offloaded either in Dahej or Hazira LNG Terminal, on the…
Total and Merck & Co sign renewable corporate power purchase agreement
PARIS: Total has signed a 45 MW renewable corporate power purchase agreement with Merck & Co over a period of 10 years. Total and MSD, known as Merck & Co. signed a major renewable corporate power purchase agreement (CPPA) over a period of 10 years, with 90 GWh a year of clean energy produced by…
Noor Al Sulaiti becomes the first female CEO in one of Ooredoo Group
DOHA: Ooredoo announced the appointment of Noor Al Sulaiti as CEO of Ooredoo Oman – the first female CEO in one of Ooredoo Group’s key markets – and Bassam Yousef Al Ibrahim as CEO of Ooredoo Algeria, effective 20 May 2021. Noor Al Sulaiti has been with Ooredoo since 2004, most recently as the CEO…
Kanabo Group signs new EU GMP CBD manufacturing agreement
LONDON: Kanabo Group Plc (LON: KNB) has signed an agreement with Pure Origin Limited and its affiliates to utilise their significant expertise in best practices for EU GMP manufacturing. Good Manufacturing Practices (GMPs) are systems created and authorised by the government to regulate production, verification and validation of drugs, food and/or medical devices, ensuring that…