LONDON: Tritax Big Box REIT plc announced exchange on the sale of three assets including Wolseley, Baker Business Park, Ripon; DHL, Langley Mill, Nottingham; Whirlpool, Warth Park, Raunds; to two separate purchasers for a total consideration of £77 million. “Through our ongoing evaluation of the portfolio, we consider these assets to have reached their full…
PayTabs Egypt to provide SMEs with free access to digital payment solutions
CAIRO: PayTabs Egypt, a joint venture between EFG Hermes and PayTabs, announced that existing and prospective clients will be offered access to set up a payment gateway free of charge for a three-month period. The move is unprecedented in the MENA region and marks the widest charge-free extension of an online payment and checkout platform….
Huawei appoints new President for Cloud and AI Business Group in the Middle East
DUBAI: With demand in the region increasing for cloud and artificial intelligence (AI) technologies, Huawei—a leading global provider of information and communications technology (ICT) infrastructure and smart devices—has appointed a new regional president for its Cloud and AI Business Group as the company restructures its offerings in these fields. Mr. Li Shi assumes the role…
HCL Australia to acquire DWS Limited
SYDNY: HCL Australia will acquire 100% of the shares in DWS Limited by way of a Scheme of Arrangement, a news release said. HCL Australia Services Pty. Limited is a wholly owned subsidiary of HCL Technologies Limited, which is a listed company on the National Stock Exchange of India (NSE) with a market capitalization that…
Rhipe Limited acquires New Zealand based Parallo for NZ$4.25 million
SYDNEY: The Board of rhipe Limited has entered into binding legal agreements to acquire 100 percent of the share capital of Parallo Pty, a New Zealand-based IT services provider that specialises in infrastructure and cloud deployment technologies, a news release said. The initial purchase price for Parallo is NZ$4.25m payable in cash upon completion of…
EFG Hermes kicks off 2nd virtual investor conference to even wider base of investors and institutions
CAIRO: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), inaugurated the 2nd Virtual Investor Conference today. Running through to 1 October 2020 on a digital platform moderated by EFG Hermes, executives from 157 companies representing 25 countries will connect with more than 650 investors managing an aggregate USD 17 trillion in…
Westpac appoints Chris de Bruin as new Chief Executive Consumer
SYDNEY: Westpac Group has announced the appointment of Chris de Bruin as Chief Executive of its Consumer division. Mr de Bruin has more than 24 years’ experience in the financial services industry globally, including at large banks and challenger brands. He joins Westpac from Deem in Dubai, one of the largest non-bank financial institutions in…
Billington Holdings gets £21 million worth of contracts
LONDON: Billington Holdings plc, one of the UK’s leading structural steel and construction safety solutions specialists, announced that its structural steel division, Billington Structures, has recently been awarded three contracts with a combined value of £21 million. One of these three contracts have been secured with a global multi-national corporation for a value of £12…
SulNOx signs agreements with Nouryon
LONDON: SulNOx Group Plc has entered into new agreements with Nouryon Surface Chemistry AB where Nouryon agrees to manufacture the Company’s two products; an HFO Emulsifier and a Diesel Conditioner. During 2018, SulNOx and Nouryon entered into a Technology Licence Agreement and an Agency Agreement covering the two products which would carry Nouryon brand names….
Supply@ME Capital signs agreement to acquire a bank in Europe
LONDON: Supply@ME Capital plc (SYME), has entered into a strategic agreement with a leading European Alternative Investment Firm and SYME’s shareholders, 1AF2 S.r.l. and The AvantGarde Group S.p.A. to acquire a bank in Europe. The core objective of the transaction is to support and facilitate the rapid growth of the Supply@ME platform, with the full…
Al Baraka to change the operational structure of its parent company in Bahrain
DUBAI: Board of Directors of Al Baraka Banking Group resolved to initiate the process of converting the current license of its parent company in Bahrain from a wholesale bank to a category 1 investment firm, subject to regulatory and shareholders’ approvals. Upon receiving the new license, the Group shall continue to be supervised by the…
Exelon Generation’s nuclear plants operate at near full capacity
NEW YORK: Exelon Generation’s nuclear plants in New York, Illinois and Pennsylvania, Maryland operate at near full power through hottest summer on record keeping around 20 million homes and businesses coo. Exelon Generation’s nuclear plants in New York safely operated at nearly full power through consistently warmer-than-average days in June, July and August, producing enough…