LONDON: Gaming Realms plc, the developer and licensor of mobile focused gaming content, has signed a 2-year agency deal with Hasbro Inc, the global play and entertainment company committed to creating the world’s best play and entertainment experiences. Under the terms of the agreement, Hasbro will have exclusive rights to act as an agent on…
Featurespace completes £30 million funding round
LONDON: Featurespace Ltd, a leading provider of adaptive behavioural analytics for Enterprise Financial Crime prevention, has completed a £30 million fundraising to support continued growth. Featurespace Ltd is the portfolio company of IP Group plc, the developer of intellectual property-based businesses. The round was led by Merian Chrysalis Investment Company Ltd and also included further…
Intu completes disposal of intu puerto venecia
LONDON: intu properties plc has completed the sale of its interest in the intu Puerto Venecia shopping centre to Generali Shopping Centre Fund S.C.S. SICAV-SIF and Union Investment Real Estate GMBH. Matthew Roberts, chief executive of intu, commented: “We are pleased to have successfully concluded this transaction which is another important step in our ultimate…
Russia’s Etalon begins sales with 6.5% subsidised mortgages
LONDON: Etalon Group Plc, one of Russia’s longest-established development and construction companies, has completed its first transactions using state-subsidised mortgages in both of its core regions. The subsidised mortgage programme is available from 17 April 2020 through 1 November 2020, while the preferential rate of not more than 6.5% is effective for the entire term…
X5 becomes first Russian retailer to join UN Global Compact
MOSCOW: X5 Retail Group, a Russian food retailer, announced its accession to the UN Global Compact (UN GC), which is an international business initiative in the field of corporate social responsibility and sustainable development. By joining the UN GC, X5 confirms its commitment to the principles of human rights, fair labour relations, environmental protection and…
Ryanair to restore 40% of scheduled flights from 1st July
LONDON: Ryanair, Europe’s largest low fares airline, has announced plans to return to 40% of normal flight schedules from 1st July 2020, subject to Government restrictions on intra-EU flights being lifted, and effective public health measures being put in place at airports. Ryanair will operate a daily flight schedule of almost 1,000 flights, restoring 90%…
Masroor Mahmud appointed GE’s CEO for Pakistan
LONDON: GE has announced the appointment of Masroor Mahmud as its CEO for Pakistan. He is mandated with driving the company’s growth in the country and aligning business strategy across all GE sectors with the government’s vision for development. In addition, Masroor will focus on enhancing talent development, ensuring risk management, and building a strong…
Covid lockdown dampens business optimism in Pakistan: D&B Reports
KARACHI: The findings of the Dun & Bradstreet’s Business Optimism Index (BOI) for the first quarter of 2020 released on Monday shows that enforcement of the Covid-19 lockdown in the third week of March had only intensified the deterioration in the business sentiments and sped up the shift from optimism to pessimism. Before the implementation…
Outlook on Panama’s insurance industry revised to negative amid COVID-19
MEXICO CITY: U.S. based insurance sector rating agency AM Best has revised its market segment outlook on Panama’s insurance industry to negative from stable, citing the significant challenges the country and industry are facing amid the COVID-19 pandemic. In a Best’s Market Segment Report, AM Best states that the following are the reasons for the…
CommsChoice Confirms Peter McGrath as permanent CEO and Managing Director
PERTH: The Board of CommsChoice Group Ltd confirmed the appointment of Mr Peter McGrath in the permanent role as Group CEO and Managing Director. John Mackay, Chairman of CCG, said he was delighted to confirm Peter in the permanent CEO role. The Board is very happy with the progress the Company has made since the…
Johns Lyng Group partners with ZIP to aid strata recovery from COVID-19
SYDNEY: Johns Lyng Group has signed an agreement with buy-now-pay-later operator Zip Co. Limited to assist owners and managers of the Group’s 70,000-plus strata titles access cutting-edge decontamination products used in the COVID-19 clean up. Zip allows purchases to be made interest free, with flexible repayment options from as low as $10 per week. Strata…
Bahrain Telecom repays its $650 million bond due on 1st May 2020 and $450 million term loan
MANAMA, BAHRAIN: Bahrain Telecommunication Company (Batelco) has repaid in full US$ 473 million of the outstanding senior unsecured bond issued by a subsidiary company and due on 1st May 2020. The US$ 650 million bond was issued in 2013, with US$ 177 million subsequently repurchased and redeemed. The US$ 473 million repayment was mainly funded…