Kazatomprom announces extension of production cuts

LONDON: JSC National Atomic Company (Kazatomprom) has announced its intention to continue to flex down production by 20% through 2021, compared to the planned levels under Subsoil Use Contracts, a…

NNR August 20, 2019

Dubai Financial Market achieves 96% compliance

DUBAI, UAE: Listed companies at Dubai Financial Market (DFM) have recorded a 96% compliance regarding the disclosure of Q2-2019 results within the deadline of 45 days from the end of…

NNR August 20, 2019

Gross refinery margins increased 21% in August 2019

DUBAI: Gross Refinery Margins (GRMs) for August-2019, increased by 21% YoY to US$11.45/bbl, supported by robust performance at the top and bottom of the barrel. However, sequential uptick of 23%…

NNR August 19, 2019

Gulf Drilling signs a joint venture agreement with Seadrill

DOHA: Gulf International Services announced that Gulf Drilling International (GDI), a wholly owned subsidiary of GIS, has executed a joint venture agreement with Seadrill limited to service the Qatar Petroleum…

NNR August 19, 2019

Singapore Exchange

Rex International updates business strategy

SINGAPORE: Rex International Holding Limited, a technology-driven oil company, updates its business strategy going forward, after achieving a record profit net of tax of approximately US$26.29 million for the quarter…

NNR August 19, 2019

London Exchange

TBC Group acquires Georgian e-commerce company My Group

LONDON, UK: TBC Bank Group has entered into an agreement to acquire a 65% stake in LLC My.ge, the leading classified e-commerce player in Georgia trading under the My.ge Group…

NNR August 19, 2019

London Exchange

Safestore and Carlyle form JV to enter Dutch self storage market

LONDON: Safestore Holdings will invest in a 20% stake in a joint venture with Carlyle to invest in carefully selected self-storage opportunities in Europe. Safestore has developed a highly scalable…

NNR August 19, 2019

London Exchange

LondonMetric acquires warehouse development for £24.0 million

LONDON: LondonMetric Property has agreed to purchase and fund a new 232,000 sq ft distribution warehouse for £24.0 million, reflecting a yield on cost of 5.2%. The warehouse has been…

NNR August 19, 2019

London Exchange

John McAdam appointed Chairman of ConvaTec

READING, UK: Dr John McAdam has been appointed Chairman of the Board of ConvaTec with effect from 30th September 2019, the same date as Karim Bitar joins as Chief Executive…

NNR August 19, 2019

Wire

MSC Gülsün completes first voyage from Asia to Europe

GENEVA: MSC Mediterranean Shipping Company has announced that MSC Gülsün, the world's largest container ship, has arrived in Europe after completing its landmark maiden voyage from the north of China.…

NNR August 19, 2019

Hubco declares commercial operations date for its Chinese joint venture

KARACHI: China Power Hub Generation Company (CPHGC) – a joint venture between Hub Power Company Ltd. (HUBCO) and China Power International Holding – has successfully declared the Commercial Operations Date…

NNR August 18, 2019

Wire

Pakistan to unveil new shipping policy next week

KARACHI: Pakistan's Economic Coordination Committee (ECC) has approved the new shipping policy, which would strengthen the shipping sector and benefit exporters, Federal Minister for Maritime Affairs Ali Zaidi said on…

NNR August 17, 2019

NewsnReleases

Morgan Stanley acquires Australian gas pipeline operator Epic Energy

Tavistock acquires AI tech firm, Plus Group of Companies for £6.4 million

Vysarn Limited announces capital raise and acquisition of Welltech

Serica Energy to acquire Pharos Energy in $145.7 million cash deal

DCC Energy agrees to £5.75 billion takeover by KKR and ECP consortium

Kazatomprom announces extension of production cuts

Dubai Financial Market achieves 96% compliance

Gross refinery margins increased 21% in August 2019

Gulf Drilling signs a joint venture agreement with Seadrill

Rex International updates business strategy

TBC Group acquires Georgian e-commerce company My Group

Safestore and Carlyle form JV to enter Dutch self storage market

LondonMetric acquires warehouse development for £24.0 million

John McAdam appointed Chairman of ConvaTec

MSC Gülsün completes first voyage from Asia to Europe

Hubco declares commercial operations date for its Chinese joint venture

Pakistan to unveil new shipping policy next week

Morgan Stanley acquires Australian gas pipeline operator Epic Energy

Tavistock acquires AI tech firm, Plus Group of Companies for £6.4 million

Vysarn Limited announces capital raise and acquisition of Welltech

Serica Energy to acquire Pharos Energy in $145.7 million cash deal