ISLAMABAD: A Memorandum of Understanding (MoU) was signed between the Institute of Policy Studies (IPS), Islamabad and Inovatian-Asia (Private) Limited for developing indigenous, state-of-the-art ICT resources in Pakistan. Inovatian-Asia is a sister concern of international technology firm Inovatian Inc. with offices in Canada, UK, USA and Egypt, which was founded by renowned scientist and innovator…
Qatari companies included FTSE Micro Cap Index
DOHA, QATAR: Baladna, Doha Insurance Group and Qatar Industrial Manufacturing will be included in FTSE Micro Cap Index from September 16, 2021. Moreover, Qatar Fuel and Qatar Electricity & Water Company are reclassified from FTSE Large Cap Index to Mid Cap Index. “The results of FTSE Semi-Annual Index Review published on August 20th 2021 will…
ADNOC Distribution included in FTSE Emerging Markets Index
ABU DHABI, UAE: ADNOC Distribution will be included in the FTSE Emerging Markets (EM) Index, from 16 September 2021, a news release said. ADNOC is the UAE’s largest fuel and convenience retailer, which is listed on the Abu Dhabi Securities Exchange (ADX). Inclusion is subject to final confirmation by FTSE on 6 September. ADNOC Distribution…
MSCI upgrades Abu Dhabi Commercial Bank ESG rating to ‘AA’
ABU DHABI, UAE: Abu Dhabi Commercial Bank (ADCB) has received an upgrade in its MSCI ESG rating to ‘AA’ from ‘A’ driven by “leading digital transformation initiatives” to support small businesses as well as its robust customer data protection and information security practices. Following the upgrade, ADCB is now ranked by MSCI as a global…
Partners Group to sell Straive (SPi Global) for $18.7mn
LONDON, UK: Partners Group, the Investment Manager of Princess Private Equity Holding Limited, has, agreed to sell Straive, formerly known as SPi Global, a leading global provider of technology-driven content and data solutions, to funds affiliated with Baring Private Equity Asia. The transaction values Princess’ stake in Straive at approximately $18.7 million. This compares to a carrying value…
TotalEnergies to introduce a 100% renewable fuel
PARIS, FRANCE: TotalEnergies is developing a 100% renewable fuel for motorsport competition, to be introduced from next season at the FIA World Endurance Championship (WEC), including the 24 Hours of Le Mans 2022, and at the European Le Mans Series (ELMS). Competition is a key driver for innovation: the extreme constraints met in endurance racing –race duration…
International Packaging Films mulls Rs2.1bn IPO on PSX
KARACHI, PAKISTAN: International Packaging Films Limited (IPAK) has announced Rs2.159 billion initial public offering (IPO) on Pakistan Stock Exchange (PSX). IPAK plans to sell Rs63.5 million, constituting 14.99 per cent of the total post-IPO paid up capital of the company at a floor price of Rs34/share through book-building method. International Packaging Films is in process of…
Coinsilium Group strategic investment in Greengage
LONDON, UK: Coinsilium Group Limited has signed a letter of intent with UK-registered Greengage Global Holding Ltd to enable Seedcoin Limited, Coinsilium’s wholly owned Gibraltar registered subsidiary, to (i) purchase up to 15,000 A ordinary shares of £0.001 each in the capital of Greengage (the “A Shares”) at a price of GBP20 per share from…
Qatar Holding makes minority investment in Airtel Money
LONDON, UK: Airtel Africa announced first closing relating to the Airtel Money minority investment transaction with Qatar Holding LLC, an affiliate of the Qatar Investment Authority (‘QIA’), previously announced by the Group on 30 July 2021. With the conditions for first closing having now been met, QIA has invested US$150m in a secondary purchase of…
CD&R offers to buy Morrison Supermarkets for £7.0bn
LONDON, UK: Market Bidco Limited and Wm Morrison Supermarkets PLC have agreed that Bdico will acquire entire share capital of Morrison Supermarkets Plc at the rate of 285 pence per Morrison’s share, a news release said. Market Bidco Limited is a newly incorporated entity formed by Clayton, Dubilier & Rice LLP in its capacity as…
Yooma acquires Vitality CBD for £10.2 million
LONDON, UK: Yooma Wellness Inc. has acquired Birmingham-based Vitality CBD Limited, a UK-market-leading CBD company, for a total consideration of up to £10.2 million, via the Company’s wholly owned subsidiary, Yooma Europe Limited. The acquisition adds a significant source of recurring revenue to Yooma and its subsidiaries, through Vitality’s presence at mainstream retail outlets such…
Dealt agrees to buy Digital Software Solutions
SYDNEY, AUSTRALIA: Dealt Limited has executed a Share Sale Agreement to purchase all the shares of Digital Software Solutions Pty Ltd (Trading as dealt), an online marketplace/brokerage for commercial real estate loans. In February 2021, shareholders had previously approved a broader restructure and recapitalisation proposal that included the acquisition of dealt. Based on the strong…