LONDON: The boards of Bidco Limited and Cobham Plc have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Cobham by Bidco. The Acquisition is to be effected by means of a scheme of arrangement. The acquisition values the entire issued and…
MOSCOW: PAO NOVATEK has announced today that the Arc7 ice-class LNG tanker “Vladimir Rusanov” completed the Northern Sea Route (NSR) passage via the Eastern direction, and delivered a cargo of LNG produced by the Company’s Yamal LNG project from the port of Sabetta to the port of Tianjin, located in China. LNG tanker Vladimir Rusanov…
OLDWICK: AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aaa” of New York Life Insurance Company and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation (collectively referred to as New York Life). Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term…
KARACHI, PAKISTAN: Oil & Gas Development Company Limited (OGDCL), operator of Bitrism Block has announced oil and gas discovery from its exploratory well Pandhi # 01, which is located in District Sagnhar, Sindh. The well has tested 9.12 Million Cubic Feet per Day (MMCFD) of gas and 520 Barrels per day of oil through choke…
KARACHI: Pak Suzuki Motor Company (PSMC) announced its 2QCY19 ended June 30, 2019 financial results wherein the company booked net loss of Rs545 million translating into loss per share (LPS) of Rs6.62 versus profit after tax of Rs394 million and earning per share (EPS) of Rs4.78 registered during the same quarter last year. Earnings arrived better…
KARACHI: Habib Bank Limited (HBL) unveiled its 2QCY19 ended June 30, 2019 consolidated net earnings at Rs750 million translating into earning per share (EPS) of Rs0.44 versus Rs3.44 billion EPS Rs2.29 recorded during the corresponding quarter of last year, depicting a significant fall of 78% YoY in profitability. The earnings arrived well below market expectations…
HOUSTON: TechnipFMC has been awarded a major Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia. This development will consist of three liquefied natural gas (LNG) trains, each with a capacity of 6.6 Mtpa, which will be installed…
LONDON: IMImobile, a global cloud communications software and solutions provider, has conditionally agreed to acquire the entire issued and to be issued share capital of 3C Interactive Corp. (3C), a private US cloud-based multichannel, customer engagement platform company with a leading position in Rich Communication Services (RCS), on a debt-free, cash-free, basis for a total…
LONDON: Cora Gold has been awarded 100% ownership of the 82km2 Tagan Permit located along the Yanfolila Gold Belt in southern Mali. The newly awarded permit area overlies what is considered to be the most prospective area of a previous permit held by Cora Gold which expired in June 2017. The Tagan Permit lies approximately…
DUBAI, UAE: Emirates Integrated Telecommunications Company (EITC) published its financial results for Q2 2019 ended June 30, 2019, reporting AED 3.19 billion revenues, AED 1.47 billion EBITDA and AED 464 million net profit after royalty for the second quarter of the year. For H1 2019, Emirates Integrated Telecommunications Company (EITC) reported revenues of AED 6.33…
DUBLIN: GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, announced that GAN and Greenwood Gaming & Entertainment, Inc. trading as ‘Parx Casino’ launched 24/7 Internet casino gaming in the Commonwealth of Pennsylvania. This launch represents the second major launch of online…
LONDON: Salt Lake Potash Limited has entered into a Sales Agreement with Blackham Resources Limited to acquire a package of tenements and other key assets for the Lake Way Project, a notice sent to London Stock Exchange said. Salt Lake Potash will pay total consideration of A$10 million, inclusive of A$500,000 payable under the Split…