LONDON: OMV Petrom, the largest energy company in Southeastern Europe, completed the transaction for the acquisition of 100% of the shares in OMV Offshore Bulgaria GmbH from OMV Exploration & Production GmbH and enters the Han-Asparuh exploration block in Bulgaria. Following Repsol’s exit, the Bulgarian regulator approved the allocation of Repsol’s 30% participating interest to…
SigmaRoc to acquire remaining 60% stake in leading quarrying group GDH Holdings
LONDON: SigmaRoc plc, the buy-and-build construction materials group, announced it will acquire the remaining 60 percent equity interest in GDH, a significant quarrying group located in South Wales, following the exercise of its exclusive option. Completion is anticipated on or around 21 September 2020. The consideration will be funded through internal resources following strong cash…
Oxford Biomedica signs Supply Agreement with AstraZeneca to expand manufacturing support of COVID-19 vaccine
OXFORD: Oxford Biomedica plc, a leading gene and cell therapy group, has signed an 18 month supply agreement under a three year Master Supply and Development Agreement with AstraZeneca UK Ltd for large-scale commercial manufacture of the adenovirus vector-based COVID-19 vaccine candidate, AZD1222, a news release said. The parties may extend the supply period for…
Kodal Minerals signs MoU with Sinohydro to jointly develop Bougouni Lithium Project
LONDON: Kodal Minerals has signed a Memorandum of Understanding (MoU) with Sinohydro Corporation Limited, a specialist engineering, infrastructure, power developer and construction contractor, to work together to develop the Bougouni Project. Sinohydro is a subsidiary of PowerChina, a Chinese state-owned enterprise and a Fortune Global 500 Company with a US$67bn turnover, which is a leading…
OnTheMarket Plc appoints Jason Tebb as Chief Executive Officer
LONDON: OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announced the appointment of Jason Tebb as Chief Executive Officer (CEO). Jason will start his role and join the board on 14 December 2020 subject to completion of the normal regulatory due diligence. Jason, 45, brings extensive property and estate agency experience…
AstraZeneca’s Imfinzi approved in EU for treatment of extensive-stage small cell lung cancer
LONDON: AstraZeneca’s Imfinzi (durvalumab) has been approved in the European Union for the 1st-line treatment of adults with extensive-stage small cell lung cancer (ES-SCLC) in combination with a choice of chemotherapies, etoposide plus either carboplatin or cisplatin. SCLC is a highly aggressive, fast-growing form of lung cancer that typically recurs and progresses rapidly despite initial…
Asimilar Group agrees to purchase Intrinsic Capital (Jersey) Limited
LONDON: Asimilar Group plc, company focused on technology opportunities has agreed to purchase Intrinsic Capital (Jersey) Limited (ICJL), a news release said. Asimilar Group plc is investing company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT). ICJL is a Jersey incorporated company that is…
Emirates and Clark International Airport celebrate landmark one-off A380 service
DUBAI: The iconic Emirates A380 made a one-off service to Clark International Airport Friday, becoming the first commercial flight, utilizing the iconic aircraft, to operate to the Luzon-based airport. The special A380 service from Dubai to Clark and operating as EK2520, took off from Dubai International Airport at 02:40 and landed in Clark at 15:23…
Samsung Electronics’ second production line in Pyeongtaek commences mass production
SEOUL: Samsung Electronics Co. announced that its second production line in Pyeongtaek, Korea, has commenced mass production of the industry’s first 16-gigabit (Gb) LPDDR5 mobile DRAM, using extreme ultraviolet (EUV) technology. Built on Samsung’s third-generation 10nm-class (1z) process, the new 16Gb LPDDR5 boasts the highest mobile memory performance and largest capacity to enable more consumers…
US based venture capital fund SOSV backs ecommerce platform PriceOye.pk
KARACHI: PriceOye.pk, Pakistan’s leading e-commerce platform, has raised an undisclosed amount of funding in its ongoing Pre-Series A round led by the US-based venture capital fund SOSV, a news release said. Last year, the company announced its seed funding round led by Fatima Ventures. “Pakistani consumers are ready for world-class online shopping experience, and PriceOye.pk…
Pakistan LNG Ltd invites bids for October LNG supply
KARACHI: State run Pakistan LNG Limited (PLL) has invited bids from international suppliers for supply of two Liquefied Natural Gas (LNG) cargoes on delivered ex-ship basis at Port Qasim Karachi. Cargo of 140,000 cubic meters each is required to be delivered on October 12-13, 2020 and October 19-20, 2020. The last date of submitting the…
Morpho establishes smartphone business subsidiary in Taiwan
TOKYO: Morpho Inc. announced that the establishment of “Morpho Taiwan”, a 100% owned local subsidiary, with the aim of strengthening its business foundations in the fields of smartphones, video surveillance, and industrial IoT in Taiwan. “In the smartphone business, which is the main business of the Morpho Group, we have expanded business in Taiwan in…