CAIRO: EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), released today its overall brokerage rankings for markets across its four-continent footprint, ranking first for FY2020 in Egypt, Kuwait, Dubai, and Kenya, placing second in Abu Dhabi and Nigeria (by value traded), and securing a third-place spot in Oman as it works…
British Land appoints Bhavesh Mistry as new Chief Financial Officer
LONDON: British Land announced that Bhavesh Mistry has been appointed Chief Financial Officer. Bhavesh is currently Deputy Chief Financial Officer at Tesco PLC, a position he has held for over two years. Prior to that he spent more than five years at Whitbread PLC, where he was Finance Director of Whitbread Hotels & Restaurants. He…
Wood partners with Spirit Energy on late life solutions for Morecambe Bay gas fields
LONDON: Wood Group, the global consulting and engineering company, has entered into a new agreement with Spirit Energy to partner on the delivery of late life solutions for the Morecambe Bay gas fields, one of the UK’s largest gas accumulations. The five-year consolidated services contract, valued at $130 million, will see Wood leverage its experience…
Organic Garage executes LoI to acquire plant-based cheese company
TORONTO: Organic Garage Ltd. has entered into a binding letter of intent (LOI) to acquire all of the issued and outstanding securities of The Future of Cheese Company Corp. (FoC), a news release said FoC is a Toronto, Ontario based organic, vegan premium plant-based company in the business of developing, manufacturing and marketing plant-based cheeses…
Archer Limited awarded NOK 2.5 billion integrated wireline contract for Equinor
HAMILTON, BERMUDA: Archer Limited announced that Equinor has awarded Archer Integrated Services AS, in alliance with Welltec Oilfield Services (Norway) AS and Schlumberger Norge AS, a five-year contract for the provision of integrated wireline services in the North Sea. The services offered under the contract include cased hole mechanical wireline services, tractor and powered mechanical…
Idera Inc. acquires apilayer Data Products
HOUSTON: Idera Inc., parent company of global B2B software productivity brands, announced the acquisition of apilayer Data Products GmbH, a leading provider of off-the-shelf, cloud-based API products. apilayer will join Idera’s Developer Tools business unit that includes Embarcadero, LANSA, Sencha, Whole Tomato, Froala and FusionCharts. apilayer is the leading provider of off-the-shelf, cloud-based API products…
SSi Canada partners with SES Networks to deliver new satellite capacity into Northern Canada
LUXEMBOURG: Vital new satellite capacity will be delivered to Canada’s north, including all 25 communities of Nunavut, following a partnership signed between SSi Canada, the developer-operator of QINIQ broadband and SSi Mobile services in Nunavut, and SES Networks, the leader in global content connectivity solutions, a news release said. This partnership comes at a critical…
Total issues hybrid bonds to finance its development strategy in renewables
PARIS: Total SE successfully issued perpetual subordinated bonds in the amount of €3 billion. Jean-Pierre Sbraire, Chief Financial Officer at Total, said: “These hybrid bonds provide a cost of capital comparable to that of pure players in renewables and is therefore suited to finance acquisitions in this business. These bonds will finance in a very…
Westrock Coffee Company appoints Chris Pledger Chief Financial Officer
LITTLE ROCK: Westrock Coffee Company announced that Chris Pledger will become the company’s new Chief Financial Officer (CFO), effective immediately. He will succeed John Ebner, who retired from the company in October 2020. “Chris Pledger has been an integral part of the Westrock Coffee team from the company’s founding in Rwanda in 2009, first as…
Global Hemp to acquire control over strategic water infrastructure assets in Colorado
VANCOUVER: Global Hemp Group (GHG) has signed a binding Letter of Intent with Prescient Strategies Group LLC (PSG) to acquire its Western Sierra Resource Corporation (WSRC) Preferred A Class Share holdings in a private, third party transaction. The resulting acquisition of these WSRC Prefs will give GHG control over WSRC, and specifically its strategic water…
Avance Gas signs two shipbuilding contracts with Daewoo Shipbuilding and Marine Engineering
OSLO: Avance Gas Holding Ltd has entered into shipbuilding contracts for two 91,000 CBM, LPG Dual-Fuel VLGCs with Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea, for delivery Q4 2022 and Q1 2023, a news release said. The investment enhances the green profile of the Avance Gas fleet, allowing the company to take another…
Avance Gas Holding Ltd
Avance Gas Holding Ltd operates in the global market for transportation of liquefied petroleum gas (LPG). The Company is one of the world’s leading owners and operators of very large gas carriers (VLGCs), operating a fleet of 13 modern VLGC with four duel-fuel VLGCs on order. On April 9, 2014, an initial public offering of…