OSLO: Infront ASA, a Norway-based financial technology company, has signed an agreement to acquire 100% of the share capital of a key local partner in the United Kingdom; NB Trader Solutions Ltd, a news release said. The financial terms of the transaction were not disclosed. NB Trader’s products cover a wide range a buy-side and sell-side…
S&P Global Ratings revises Bank Norwegian outlook from “Negative” to “Stable”
OSLO: S&P Global Ratings has published an update on the rating of Bank Norwegian. S&P Global Ratings revises the outlook from “Negative” to “Stable”, while affirming the long-term rating of “BBB” and a short-term rating of “A-2”. S&P Global Ratings highlights that “Bank Norwegian’s earnings performance in the first nine months of 2020 demonstrate resilience…
Primo Nutraceuticals to acquire Full Spectrum Biosciences Inc.
VANCOUVER: Primo Nutraceuticals Inc. has signed a binding letter of intent (LOI) to acquire 100 percent assets of Full Spectrum Biosciences Inc.(FSB),a Colorado company. FSB is an intellectual property (IP), formulation and white label provider that has conducted sales via e-commerce, online, Amazon and doctors’ offices within the United States offering popular CBD, CBG and Hemp…
Nakilat Included in MSCI Emerging Markets Large Cap Index – Qatar
DOHA, QATAR: Nakilat (Qatar Gas Transport Company) has been added to the Morgan Stanley Capital International (MSCI) Emerging Markets Large Cap Index as a constituent of the MSCI Qatar Large Cap index, effective as of the market close of November 30, 2020. This comes following Morgan Stanley Capital International Inc.’s (MSCI) Semi-Annual Index Review (SAIR)…
Fitch and Moody’s affirm al khaliji’s ratings
DOHA, QATAR: Al Khalij Commercial Bank (al khaliji) announced that rating agencies Fitch and Moody’s have affirmed the banks ratings as ‘A’ with a “stable” outlook and A3/Prime-2, with a “stable” outlook respectively. Fitch defines those entities within ‘A’ rating as exhibiting adequate assets quality, improving profitability and low default risk”. The bank’s short term…
Damac Properties posts 32 percent growth in revenues to AED 3.7 billion
DUBAI: DAMAC Properties Dubai Co. PJSC announced financial results for the first nine months of 2020 (9M2020), wherein total revenue stood at AED 3.7 billion, up 32.14 percent from AED 2.8 billion in 9M2019. Booked sales for the period stood at AED 1.6 billion vs AED 2.4 billion for the similar period last year.Net loss…
Everfuel signs agreement with Hexagon Purus, orders six hydrogen trailers
HERNING, DENMARK: Everfuel A/S has ordered six hydrogen trailers for delivery in 2021. The six trailers to be delivered by Hexagon Purus will operate in Norway, Denmark and the Netherlands. Everfuel A/S has signed a multi-year frame agreement with Hexagon Purus for supply of hydrogen trailers designed exclusively to Everfuel specifications as part of the…
Total acquires charging solutions, becomes operator of 2,000 EV charge points in Germany
PARIS: Total SE has finalized the acquisition from the Viessmann group of Charging Solutions, the subsidiary specialized in Electric Vehicle charging infrastructure of its affiliate Digital Energy Solutions (DES). With this transaction, Total becomes the operator in Germany of a network of a 2,000 charge points installed at private businesses’ locations, including some of which…
Powerhouse Energy Group agrees terms for licence of DMG technology in Poland
LONDON: Powerhouse Energy Group plc, the UK technology company commercialising hydrogen production from waste plastic, signed non-binding Heads of Terms with Hydrogen Utopia International Limited (HUI) with a view to granting HUI an exclusive non-transferable licence for the application of its DMG technology in Poland. The use of this technology, which is designed to convert…
Volex plc to acquire Turkish DEKA for €61.8 million
LONDON: Volex plc, the global supplier of integrated manufacturing services and power products, has signed a share purchase agreement for the proposed acquisition of the entire issued share capital of De-Ka Elektroteknik Sanayi ve Ticaret Anonim Şirketi (DEKA), for a total consideration of up to €61.8 million, on a debt-free basis. The Acquisition is expected…
Bango and Microsoft sign agreement to boost new Xbox cloud gaming subscriptions
CAMBRIDGE: Bango Plc, the global platform for data-driven commerce, has expanded its partnership with Microsoft to open-up access to Xbox subscriptions and consoles sales, a news release said. With new Xbox Series X and Xbox Series S now available in time for the year end buying season, the Xbox Game Pass Ultimate subscription service and…
Singapore Post Limited establishes S$1.0 billion multicurrency debt issuance programme
SINGAPORE: SingPost Group Treasury Pte. Ltd., a wholly-owned subsidiary of Singapore Post Limited, has established a S$1.0 billion Multicurrency Debt Issuance Programme, which is unconditionally and irrevocably guaranteed by Singapore Post Limited. The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch has been appointed as arranger of the Programme. Under the Programme, Singpost Group may,…