COPENHAGEN: SAS AB, Scandinavia’s leading airline, announced the appointment of Anko Van der Werff as President and CEO. He will join the company at the latest on July 15, 2021. The Board also appointed Karl Sandlund, Chief Commercial Officer at SAS, as acting President and CEO as of today. Rickard Gustafson will hand over to…
Ooredoo extends exclusivity period with CK Hutchison to combine Indonesian businesses
DOHA, QATAR: Ooredoo Q.P.S.C. has extended the period of exclusivity for the non-legally binding Memorandum of Understanding (MoU) with CK Hutchison Holdings Limited in relation to a possible transaction to combine their respective telecommunications businesses in Indonesia, PT Indosat Tbk and PT Hutchison 3 Indonesia, until 30 June 2021. This extension will provide more time…
NOVATEK sells 10% stake in Arctic Transshipment LLC to Total SE
MOSCOW: PAO NOVATEK signed a Heads of Agreement with TOTAL on the sale of a 10% participation interest in Arctic Transshipment LLC. Arctic Transshipment LLC is NOVATEK’s wholly owned subsidiary that will eventual operate two LNG transshipment complexes currently under construction in the Kamchatka and Murmansk regions. The transshipment complexes are part of NOVATEK’s logistical…
eGate Egypt becomes exclusive distributor of Lleida.net services in Egypt
CAIRO: eGate Egypt has signed an agreement with Lleida.net to distribute all the services catalogue of Lleida.net, a news release said. Through the agreement, eGate Egypt becomes with immediate effect the exclusive distributor of Lleida.net services in Egypt. Lleida.net’s is partnering up with leading technology companies like eGate Egypt to provide its SaaS service line…
Thal Limited to setup polypropylene woven bags plant with an investment of Rs1.7 billion
KARACHI: Thal Limited, a subsidiary of House of Habib, is setting up a plant to manufacture polypropylene woven bags in Hub with an investment of Rs. 1.7 billion. Mr. Salman Burney Vice Chairman House of Habib performed the ground breaking recently for the plant at the factory of Thal limited located in Hub, and it…
Pak-Qatar Family Takaful Signs MoU with EasyInsurance
KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) came into an agreement with EasyInsurance at a signing ceremony held in Karachi. The agreement will allow EasyInsurance to offer PQFTL Family Sehat product on their website for the convenience of users in search of Takaful plans. EasyInsurance is Pakistan’s fastest-growing Insurance/Takaful aggregator to offer protection plans at the…
Orange intends to issue a new Euro-denominated hybrid note
PARIS: Orange S.A. announced intention to issue Euro denominated undated 8 year non-call deeply subordinated fixed to reset rate notes (the New Notes). The New Notes are scheduled to be admitted to trading on Euronext Paris. It is also expected that the rating agencies will assign the New Notes a rating of Baa3/BBB- (Moody’s/ S&P)…
Nordic Unmanned and Aeromon form joint venture for the maritime emission monitoring market
SANDNES: Nordic Unmanned has signed an agreement to form a joint venture with the Finnish company Aeromon, for the maritime emission monitoring market. The services provided by the joint venture will consist of: • Delivery and license of emission monitoring data platform • Providing emission monitoring equipment as a service • Providing data analysis and…
Covid 19 accelerates digitalisation and sustainability
OSLO: The first quarter for Itera’s core digital business was characterised by solid organic growth of 11% and an operating profit margin of 15%. Itera reports operating revenue of NOK 144.4 million (NOK 128.4 million) for the first quarter of 2021 related to its core digital business, representing growth of 11%. “The impact of the…
HydrogenPro and Kvina Energy to jointly develop a hydrogen hub in Norway
KVINESDAL: HydrogenPro and Kvina Energy Park (KEP) have entered into a co-operation agreement on the development of a significant hydrogen hub in the Kvinesdal municipality in Norway. The parties will establish a new company to be jointly owned, Kvina Hydrogen AS, which will engage in the industrial and commercial development of the project. Earlier this…
FIH Group appoints Stuart Munro as Chief Financial Officer
LONDON: FIH Group plc announced the appointment of Stuart Munro as Chief Financial Officer with effect from 28 April 2021. Stuart qualified as a chartered accountant with Ernst & Young and has worked as a divisional finance director in number of UK companies since 2000 including Balfour Beatty, Alfred McAlpine Infrastructure Services and FirstGroup as…
Funds advised by Apax Partners announce acquisition of Guesty
LONDON: On 27 April 2021, The Apax Digital Fund (ADF) and the AMI Opportunities Fund (AMI) have announced an investment in Guesty, a leading short-term rental (STR) and alternative property management software platform. The investment is part of a $50 million Series D funding round led by ADF. On a look through basis, Apax Global…