Pakistan’s ship breaking industry declining due to poor human resource management, institutional failure
KARACHI, PAKISTAN: Federal Minister for Maritime Affairs Ali Zaidi said the country’s ship breaking industry was declining due to poor human resource management and collective...
Amber Group opens first in-house branded hotel in Gudauri
LONDON, UK: Georgia Capital’s hospitality business, Amber Group has opened “Gudauri Lodge Hotel” – the first in-house branded hotel in the hospitality business portfolio. The...
JLEN Environ acquires 70% stake in Bio Collectors
LONDON: JLEN Environment, the listed environmental infrastructure fund, acquired 70% equity stake in Bio Collectors Holdings Limited. The acquisition was funded by a draw-down on...
Gateley acquires T-three Group for £3.4 million
LONDON, UK: Gateley (Holdings) Plc, the legal and professional services group, has announced the acquisition of T-three Group for a consideration of £3.4 million. T-three...
EIB announces EUR 60 billion funding programme for 2020
LONDON: The European Investment Bank (EIB) has estimated its funding needs for 2020 at EUR 60 billion.The EIB has completed its 2019 funding programme of...
Li3 completes acquisition of Warrigal Mining
SYDNEY: Lithium Consolidated Ltd (Li3) has completed acquisition of 100% of Warrigal Mining Pty Ltd, a Western Australian based exploration company. Under the share sale...
Vection commences early stage collaboration with MUNER
SUBIACO: Vection Technologies Ltd, a multinational software company that creates 3D, Virtual Reality (VR) and Augmented Reality (AR) solutions, has commenced early stage collaboration with...
AM Best assigns credit ratings to new members of Westfield Group
OLDWICK: AM Best has assigned the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” to Westfield...
NLMK Group and Belgian SOGEPA sign agreement
LIPETSK, RUSSIA: Novolipetsk Steel (NLMK Group), a global steelmaker, and Belgian investment fund SOGEPA (Société wallonne de Gestion et de Participations S.A.), have signed an...
Polarcus awarded marine seismic acquisition program in Brazil
OSLO: Polarcus Limited has announced the award of a marine seismic acquisition program in Brazil commencing in Q3 2020 with a duration of approximately 10...
Subsea 7 gets sizeable awarded contract offshore Norway
LUXEMBOURG: Subsea 7 S.A announced the award of a sizeable contract by Aker BP for the Ærfugl Phase 2 gas field development, located approximately 210km...
Hammerson sells 75% stake in Italie Deux for €430 million
LONDON, UK: Hammerson plc has completed the sale of the 75% stake in the Parisian shopping destination Italie Deux to AXA Investment Managers – Real...