BAHRAIN: Bahrain Bourse (BHB) in collaboration with INJAZ Bahrain officially announced the kick-off of the 3rd edition of the Smart Investor Program, in its electronic version, targeting elementary students for the academic year 2020-2021. Commenting on this occasion, Shaikh Khalifa Bin Ebrahim Al Khalifa, the Chief Executive Officer of Bahrain Bourse stated: “The Smart Investor…
Qatar Islamic Bank signs financing agreement
DOHA: Qatar Islamic Bank (QIB) has has signed a long-term financing agreement with Barwa Real Estate company, in the amount of QAR 600 million. The purpose of the agreement is to finance part of Barwa capital Expenditure for the group’s projects. Noting that there is no conflict of interest between the contracting parties to this…
Orascom Construction, Siemens to build Egypt’s first high-speed rail system
DUBAI, UAE: Orascom Construction PLC has signed, together with Siemens Mobility and Arab Contractors, a Memorandum of Understanding with the National Authority for Tunnels c(NAT) to design, install and commission Egypt’s first high-speed rail system. The agreement encompasses a rail system with a network of 1000km. The first high-speed line will stretch across 460km and…
GFH Financial Group acquires Hidd Mall
DUBAI: GFH Financial Group would like to announce thatit has acquired 80% alongside the stake of a strategic partner of Hidd Mall. The 46,000 m2 mall, located in the fast-growing area of Hidd in Muharraq, is fully leased to Lulu Hypermarkets, the largest retail chain in the Middle East and one of the largest chains…
Cypherpunk raises C$2.98 million in an oversubscribed private placement
TORONTO: Cypherpunk Holdings Inc. has closed an oversubscribed, non-brokered private placement offering through the issuance of 19.867 million units at a price of C$0.15 per Unit for gross proceeds of C$2.98 million. Each Unit is comprised of one common share in the capital of the Company and one half of one whole Common Share purchase…
Arcus ASA Group CEO Kenneth Hamnes has resigned
OSLO: Kenneth Hamnes has resigned from his position as Group CEO of Arcus ASA. His last day of work will be January 31, 2021 in line with the agreement made with the Arcus’ Board of Directors. Sigmund Toth, Arcus’ CFO and CFO designate for Anora Group PLC, has been appointed interim Group CEO from February…
Endúr ASA winding down loss-making offshore prefabrication workshop
OSLO: The board of directors of Endúr Industrier AS, a subsidiary of marine infrastructure group Endúr ASA, has today notified Stavanger district court about its decision to initiate bankruptcy petition for the company. Endúr Industrier AS delivers’ fabrication services to the offshore oil and gas industry. The company has been loss-making over a longer period…
Christopher Blandford-Newson appointed CEO of Bayport Management Limited
STOCKHOLM: The Board of Bayport Management Ltd (BML) notified that Christopher Blandford-Newson has been appointed as the new Chief Executive Officer of the Company, effective January 2021. Christopher has served as an independent non-executive director on the Board since June 2019. The Board of BML wishes to thank Grant Kurland and Stuart Stone for their…
Aega appoints Ingebrikt Bjørkhaug as CFO
OSLO: Aega ASA has appointed Ingebrikt Bjørkhaug as the company’s chief financial officer (CFO). “Given the extensive growth last year and future plans for Aega, it is the right time to strengthen the company’s administration. Bringing Mr. Bjørkhaug onboard will allow me to allocate even more time to value-creating business development work,” says Nils P….
5th Planet Games appoints Caspar Rose as new CEO
COPENHAGEN: 5th Planet Games A/S has appointed Caspar Rose as new CEO, a news release said. In order to strengthen 5th Planet Games external communication and to provide new managerial momentum, it has been decided to appoint Chairman of the Board, Caspar Rose as new CEO of 5th Planet Games, as of 1st February 2021….
Catrin Fransson resigns as CEO for Swedish Export Credit Corporation
STOCKHOLM: Catrin Fransson has informed the Board of her intention to resign as CEO at Swedish Export Credit Corporation. She has a six month notice period, and will continue working in her present position until further notice. Swedish Export Credit Corporation is a state-owned company that finances the Swedish export industry and creates employment and…
AstraZeneca’s Imfinzi approved in the European Union and the UK
LONDON: AstraZeneca‘s Imfinzi (durvalumab) has been approved in the European Union and the UK for an additional dosing option, a 1,500mg fixed dose every four weeks, in locally advanced, unresectable non-small cell lung cancer (NSCLC) in adults whose tumours express PD-L1 on at least 1% of tumour cells and whose disease has not progressed following…