LONDON: IGas Energy Plc announced a further step in its strategy to be well placed in the energy transition by entering into heads of terms with BayoTech, a manufacturer of modular hydrogen generation systems, to produce hydrogen from certain of IGas’ existing gas resources. BayoTech, whose high efficiency, low carbon technologies originated in Sandia National…
Telecom Egypt is building Egypt’s largest international data center
LONDON: Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cables operators in the region, announces that it is building Egypt’s largest international data center facility. Expected to be commissioned in early 2021 with access to all the global submarine cable systems that land in Egypt, the new data center is…
Jesper With-Fogstrup appointed new CEO of ULS Technology
LONDON, UK: ULS Technology plc, the provider of online B2B platforms for the UK conveyancing and financial intermediary markets, announced the forthcoming appointment of Jesper With-Fogstrup as Chief Executive Officer (CEO). Jesper will start his role and join the Board in early 2021. Jesper (aged 46) has over 20 years’ experience within digital and technology…
Panoro Energy successfully drills first well at Thyna Production Services in the last 5 years
OSLO: Panoro Energy announce that the Guebiba 10 sidetrack well located in the Guebiba oilfield in Tunisia and part of the Thyna Production Services (TPS) concession has been successfully drilled and completed. The Guebiba 10 well encountered two separate commercial oil zones, with very encouraging results. In addition, during October, production has several times exceeded…
Niclas Ward appointed CEO of Insr Insurance Group ASA
OSLO: As of today, October 26th 2020, Niclas Ward (49) has been appointed CEO of Insr Insurance Group ASA. Mr. Ward has about twenty years of insurance experience from high-level positions at If P&C, and more recently as CEO for Trygg-Hansa. He currently runs his own advisory business and acts as senior advisor for the…
Credit Intelligence Limited signs funding agreement with Clee Capital
SYDNEY: Credit Intelligence Limited (CI1) has signed a funding agreement with Clee Capital Pty Limited, a news release said. Clee Capital Pty Limited has raised $1.35 million via the issue of 1.35 million convertible notes to professional and sophisticated investors at a price of S1 per note. The Notes are convertible into ordinary shares at…
CapitaLand and Shopee collaborate to accelerate digitalisation of Singapore retailers
SINGAPORE: CapitaLand Group and Shopee have joined together to pioneering new operating models to help Singapore retailers digitalise, diversify their revenue streams and export their brands overseas, to address ever-evolving consumer preferences in the current COVID-19 landscape. COVID-19 has significantly impacted the retail sector, and accelerated structural shifts, such as the rise in e-commerce and…
Union Properties pays AED 70 million to its largest lender
DUBAI: Union Properties PJSC, the iconic real estate developer with a portfolio of diversified subsidiaries, has announced the successful completion of AED 70 million payment towards its largest lender. This payment comes in application of a comprehensive debt restructuring plan, announced last August, aiming to improve the Group’s cash-flow and restore its standing with the…
Al Mal Capital REIT receives SCA Approval for IPO on Dubai Financial Market
DUBAI: Al Mal Capital announced today that it has received the Securities and Commodities Authority of the UAE (SCA) approval to float its newly founded entity, Al Mal Capital REIT, a closed-ended real estate investment trust. Al Mal Capital REIT intends to list its units on the Dubai Financial Market (DFM’) in January 2021. Al…
Adient plc
Adient plc is an American Irish-domiciled company that manufactures automotive seating for customers worldwide and is based in Plymouth, Michigan, United States. As of 2017, Adient was the world’s largest auto seat manufacturer, accounting for one-third of the markets global revenue and providing components for 25 million vehicles. Adient was founded as a spin-off from…
Adams Resources and Energy Inc.
Adams Resources and Energy Inc. is a Fortune 1000 company engaged in the production and marketing of crude oil, natural gas and liquid chemical products. Adams was founded by K. S. “Bud” Adams Jr. in 1947, as the ADA Oil Company and went public in 1974. The Company and its subsidiaries presently have over 800…
Adams Diversified Equity FundInc. (formerly Adams Express Company)
Adams Diversified Equity Fund, Inc., formerly Adams Express Company, is a publicly traded diversified equity fund. It was founded in 1854 and traces its roots to a 19th-century freight and cargo transport business. The Adams Express Building was constructed in 1911 and Adams Express is one of the oldest companies listed on the New York…