LONDON: Government announced further measures to control the spread of coronavirus (covid-19). “As we adapted the support available to mortgage borrowers, we said we will keep it under review. As a result, on Monday 2 November, we will propose updates to our guidance to support mortgage borrowers,” an official statement noted. It is important that…
Marlowe Plc acquires Black & Banton Occupational and Physical Health Limited
LONDON: Marlowe plc, the specialist services group focused on developing companies which assure safety and regulatory compliance, has acquired Black & Banton Occupational and Physical Health Limited for an initial consideration of £1.1 million, a financial news release noted. Black & Banton, established in 2001, is headquartered in Gateshead, Tyne and Wear, and provides occupational…
Polymetal International signs first Green Loan under newly adopted green financing framework
LONDON: Polymetal International has agreed the first US$ 125 million Green Loan in the Russian metals and mining industry with Societe Generale to finance investments in transition to a sustainable and low-emissions economy under the Green Financing Framework. “We want our business model to be sustainable and we are actively investing in energy efficient technologies…
Gresham House sells 50MW grid level battery storage project for £32.5 million
LONDON: Gresham House has sold a further battery storage project to Gresham House Energy Storage Fund plc on 30 October 2020. The c.50MW battery-only project located near Thurcroft, to the east of Rotherham was sold for a total enterprise value of approximately £32.5 million (plus up to £0.75 million of deferred contingent consideration) and is…
Ooredoo appoints Aziz Ahmed Fakhroo Managing Director for the Group
DOHA: Ooredoo Q.P.S.C. announced the appointment of Mr. Aziz Ahmad Fakhroo as Managing Director of Ooredoo Group, as of 1 November 2020. Mr. Aziz is a member of Ooredoo’s Board of Directors since 2011. He is currently Deputy Undersecretary for Financial Affairs at the Ministry of Finance. Previously, he was Assistant Undersecretary for General Budget…
Bitterz, a Japanese Crypto Exchange launching today is giving away Bitcoin
KINGSTOWN: Bitterz LLC announced that global crypto exchange Bitterz in Japan will start to provide services to customers in China, Hong Kong and Taiwan. To celebrate the grand opening, Bitterz is currently offering $50 worth of bitcoins to all customers who open a new account (free of charge). Main features of Bitterz: A safe environment…
Inspire Brands agrees to acquire Dunkin’ Brands in a $11.3 billion deal
Adds iconic Dunkin’ and Baskin-Robbins brands to Inspire’s portfolio, which includes Arby’s, Buffalo Wild Wings, SONIC Drive-In, and Jimmy John’s ATLANTA: Inspire Brands Inc. and Dunkin’ Brands Group Inc. have entered into a definitive merger agreement under which Inspire will acquire Dunkin’ Brands for $106.50 per share in a cash transaction valued at approximately $11.3…
Zhejiang Export Online Fair 2020 announces Thailand auto parts exhibition
BANGKOK: Zhejiang Export Online Fair 2020 has announced a unique opportunity for stakeholders in the auto parts industry to meet and generate business via video conferencing. The Online Fair on Auto Parts will be held from 9th to 13th November, 2020, and is targeted at auto parts buyers from Thailand who are looking to source…
Al Salam Bank partners with talabat
MANAMA: Al Salam Bank-Bahrain is collaborating with talabat, the region’s leading food and grocery delivery app, to offer holders of its debit, credit and prepaid cards the chance to win sizeable daily and grand cash prizes, a news release said. Throughout the special promotion period, which will run from 1 November to 30 November 2020,…
BH Mubasher awarded 5-Star Rating by Dubai Financial Market
DUBAI: BH Mubasher Financial Services PJSC, a leading company in the UAE’s financial market, has achieved a 5-starrating in Dubai Financial Market (DFM) Brokers’ Excellence Rating for the year 2019. The Brokers’ Excellence Rating was launched by DFM with the aim of further enhancing its investor services and strengthening Dubai’s position and the UAE as…
Guess & Co. Corporation elects directors at 2020 annual meeting of shareholders
MIAMI: Guess & Co. Corporation announced its Board of Directors following their election at the Annual Meeting of Shareholders. The following individuals were elected to the Board of Directors at the company’s Annual Meeting of Shareholders that was held on Friday, October 30, 2020. Mr. Jerry D. Guess, Chairman of the Board of Directors Ms….
Alleghany Corporation
Alleghany Corporation is an investment holding company originally created by the railroad entrepreneurs Oris and Mantis Van Sweringen as a holding company for their railroad interests. It was incorporated in 1929 and reincorporated in Delaware in 1984. After the company’s bankruptcy in the Great Depression, control of the company fell into the hands of Robert…