SYDNEY: National Australia Bank has announced the appointment of Andrew Irvine as Group Executive Business & Private Banking. Mr Irvine, who will be a member of the NAB Executive Leadership Team, has almost 25 years’ experience in financial services and joins NAB from the Bank of Montreal where he led the Canadian Business Banking division….
Palm Hills and Taaleem to establish university in Badya in West Cairo
CAIRO: Palm Hills Developments (PHD) and Taaleem Management Services Company, one of CI Capital Holding for Financial Investments’ minority-owned investments, announce signing a Memorandum of Understanding (MOU) to set up a joint venture to establish higher education campus in PHD’s flagship project Badya in West Cairo. Subject to regulatory and corporate approvals, the partnership will…
EQTEC signs collaboration agreement with Carbon Sole Group
LONDON, UK: EQTEC plc, the technology solution company for waste gasification to energy projects, announced that it’s wholly owned subsidiary, Eqtec Iberia SLU, has signed a Collaboration Framework Agreement with Carbon Sole Group Limited, an Irish based group focused on the provision of green energy solutions to the Irish market. Under the Agreement, the Group…
Tiziana Life Sciences announces agreement with STC Biologics
NEW YORK: Tiziana Life Sciences plc, a clinical stage biotechnology company, announced the execution of an agreement with STC Biologics Inc. for GMP manufacturing of TZLS-501, an anti-IL-6 receptor monoclonal antibody (mAb) acquired from Novimmune in 2017, currently in agreement with Bristol Myers Squibb (BMS). Tiziana is simultaneously developing an inhalation technology, in collaboration with…
Jadestone Energy to acquire an operated 90% interest in Lemang PSC, onshore Indonesia
SINGAPORE: Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, announced that it has executed an acquisition agreement with Mandala Energy Lemang Pte Ltd to acquire an operated 90% interest in the Lemang production sharing contract, onshore Indonesia, for a total initial headline cash consideration of US$12 million,…
Aroundtown announces disposal of retail portfolio held through fully consolidated subsidiary TLG
LONDON: Aroundtown’s fully consolidated subsidiary TLG successfully signed the disposal of a retail property portfolio for the amount of approx. €190 million and a further retail property portfolio for approx. €300 million for which the buyer has a discretionary rescission right until August 31, 2020. The retail properties are located across Germany and were sold…
Graham Clarke appointed CEO of Emmerson Plc
LONDON: Emmerson Plc, the Moroccan focused potash development company, announced the appointment of Graham Clarke as CEO effective from 1 July 2020. Graham is a highly experienced fertiliser industry executive with 26 years’ experience in underground potash mining and a proven ability to attract talent and build operating teams with the capability to deliver large,…
Mark Crossley appointed CEO of Indivior PLC
RICHMOND: Indivior PLC announced that effective today, the Board of Directors has appointed Mark Crossley as Chief Executive Officer. Shaun Thaxter, in mutual agreement with the Board, is stepping down as Chief Executive Officer and Executive Director. Mr. Crossley has been Chief Financial and Operations Officer (CFOO) and Executive Director of Indivior since February 2017….
TBC has launched banking operations in Uzbekistan
LONDON, UK: TBC Bank Group announced that its subsidiary, JSCB TBC Bank has launched its banking operations in Uzbekistan, initially in a pilot mode for “friends and family”, and plans to extend its services to the broader population in August 2020. “In line with our asset-light and highly digitalized strategy, we will be serving our…
SGX to acquire remaining 80% stake in BidFX for $128 million
SINGAPORE: Singapore Exchange (SGX), Asia’s most international multi-asset exchange and largest FX derivatives marketplace, announced that it would acquire the remaining 80% stake in BidFX from its other shareholder(s) for a cash consideration of approximately US$128 million – a move that would expand SGX’s reach beyond FX futures into the global FX over-the-counter (OTC) market….
CEO & MD of Jayex Healthcare Nick Fernando resigns
MELBOURNE: Jayex Healthcare Limited announced the Group Chief Executive Officer of Jayex and Managing Director and Director of the Company’s subsidiary Jayex Technology Limited, Nick Fernando, has tendered his resignation effective 25 July 2020. Mr Michael Boyd, Non-Executive Chairman of the Board of Jayex, will take on the role as Executive Chair and work with…
Xpeng Motors starts delivery of P7 high-performance intelligent EV sports sedan
GUANGZHOU: Xpeng Motors, a leading Chinese electric vehicle and technology company, has begun nation-wide delivery of its new P7 super-long range, high-performance, smart EV sports sedan to customers. This follows the receiving of the official production license on May 19th from China’s Ministry of Industry and Information Technology for its new own-built, wholly-owned factory, the…