REGINA: Haztech Energy Corp. announced the completion of the acquisition of Primex Training Centre Inc., a leading provider of industrial health & safety training and consulting services to industrial clients that operate in remote locations and large projects in Western Canada. Founded in 2013, Primex is headquartered in Regina, Saskatchewan and operates across the prairie…
FCPT buys Raising Cane’s Restaurant for $2.1 million
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a Raising Cane’s restaurant for $2.1 million from Washington Prime Group. The property is located in Ohio and is under a triple-net lease to the brand’s corporate entity with a lease term of approximately fifteen years remaining. This acquisition was priced at a capitalization…
Juniper Networks closes Apstra acquisition
Complete Data Center solution from Juniper assures experiences and drives business outcomes with best-in-class automation, open programmability and scalability SUNNYVALE: Juniper Networks has finalized its acquisition of Apstra, a leader in intent-based networking and automated closed-loop assurance, a news release said. The closing of the deal marks a meaningful step toward delivering an unmatched, experience-led…
TeleSign Board appoints Joseph Burton as CEO
LOS ANGELES: TeleSign, the leading provider of customer identity and engagement solutions, announced the appointment of Joseph Burton as CEO effective immediately. As CEO, Mr. Burton will focus on accelerating growth and reinforcing TeleSign’s leading position in programmable communications and digital identity for the world’s largest brands. “TeleSign is a pioneer in digital identity and…
Ministry of Finance: Economic Outlook Jan-2021
The Finance Ministry (Economic Adviser’s Wing), has shared the latest edition of Monthly Economic Update and Outlook for January 2021. We highlight some key points below which are not regularly covered in periodic releases. Due to heavy rains, locust attacks and lower area under cultivation, cotton production is expected at 7.7mn bales (9.2mn last year)…
Europcar creates Nordic Regional Cluster
PARIS: Europcar Mobility Group announced the creation of a Nordic Cluster across Europcar Mobility Group businesses in Denmark, Finland and Norway, which will be led by Stéphane Soille, appointed as its Managing Director. Stéphane Soille will be supported by a Country Head for each of the three markets, with a strong commercial focus: Christian Øien…
Heimstaden Bostad acquires new Projects in Warsaw for SEK 842 million
OSLO, NORWAY: Heimstaden Bostad announced its second acquisition in Poland, consisting of three build-to-rent projects in Warsaw with 647 residential units of 29,851 sqm and 11 commercial units of 1,068 sqm for approximately SEK 842 million (PLN 381 million) and an option to acquire an additional 60 apartments. The seller and developer is Marvipol Development…
Refinery: Improving Fundamentals amid change in Price Mechanism
National Refinery Ltd. (NRL) announced its financial result for 2QFY21, where the company reported a Loss After Tax of PKR823mn (LPS: PKR10.29) as against Loss After Tax of PKR3bn (LPS: PKR37.33) posted in SPLY. However, the company recorded a PAT of PKR489mn (EPS PKR6.11) in 2QFY21 showing a massive rise in the earnings likely due…
Mari Petroleum announces provisional award of 4 exploration blocks
KARACHI: Directorate General of Petroleum Concessions (DGPC) has provisionally awarded four new exploration blocks to Mari Petroleum Company Limited (MPCL) in the latest block bidding round, the company announced. Mari Petroleum Company Limited (MPCL) has been awarded two blocks as an operator and two as joint venture partner with other local companies. The blocks have…
PLL gets considerably lower LNG supply offers retendered for March
KARACHI: Pakistan LNG Limited (PLL) received considerably lower bids for three LNG cargoes for March in the range of 12.7 percent to 13.6 percent of Brent against the tender that closed on January 26, market sources informed. With Brent trading at $54/bbl; cargo for March 11-12 and March 18-19 deliveries are priced at $7.34/mmbtu (13.6…
Opera partners with Play Magnus Group as title partner and official browser of Opera Euro Rapid chess tournament
OSLO: Nasdaq-listed Norwegian technology company Opera will be the title partner of the Opera Euro Rapid, the next tournament of the Meltwater Champions Chess Tour organized by Play Magnus Group. Opera is also becoming Official Browser Partner of the Tour. Chess is becoming an increasingly popular eSport, and one of the fastest growing categories on…
Aker Horizons, Aker Offshore Wind enter cooperation agreement with Statkraft
OSLO: Aker ASA announced that its wholly owned subsidiary, Aker Horizons AS, and Aker Offshore Wind Operating Company AS have entered into a cooperation agreement with Statkraft AS to explore possibilities for collaboration on offshore wind power projects on the Norwegian Continental Shelf (NCS). Aker Horizons, Aker Offshore Wind and Statkraft will work together and…