Pantheon acquires key leases in State of Alaska’s North Slope
LONDON: Pantheon Resources plc announced the successful acquisition of approximately 27,840 acres in the State of Alaska’s North Slope Areawide Lease sale, held overnight in...
Edenville signs 9,000 tonnes of washed coal supply agreements
LONDON: Edenville Energy has signed two new significant contracts to supply washed coal from the Company’s flagship Rukwa Coal Project. Since the opening up the...
Costain agrees to sell Alcaidesa Holding for €15.2 million
MADRID: Costain Alcaidesa Limited has agreed to the sale of Alcaidesa Holding S.A.U to Millenium Hotels Real Estate, a real estate investment fund based in...
Amino’s 24i provides next generation solution for BroadwayHD
LONDON: Amino Technologies announced that 24i, the Group’s global video experience business, has launched a new suite of applications and Subscription Video-On-Demand (SVOD) services for...
Euan Sutherland appointed Group CEO of Saga Plc
LONDON, UK: Saga Plc has appointed Euan Sutherland as Group Chief Executive Officer with effect from 6 January 2020. Lance Batchelor is retiring and will...
DWF to acquire Spanish law firm RCD for €50.5 million
LONDON: DWF Group has reached a definitive agreement to acquire Rousaud Costas Duran (RCD), an independent Spanish law firm, for up to €50.5 million (£42.5m)...
Amazon’s investment in Deliveroo raises competition concerns
LONDON, UK: The Competition and Markets Authority (CMA) has flagged competition concerns over Amazon’s investment in Deliveroo. “Amazon’s investment in Deliveroo raises serious competition concerns...
EFG Hermes successfully concludes advisory on landmark Aramco IPO
RIYADH, KSA: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced that its investment banking team has successfully completed advisory on...
Pakistan’s automobile manufacturers’ sales decline 44% in November 2019
KARACHI: Pakistan Automotive Manufacturers Association (PAMA) published monthly automobile sales data for November 2019 wherein passenger car (PC) sales plummeted 44% to 8,524 units, with...
Comments on credit ratings of ARABIA Insurance Company
BEIRUT: AM Best has commented that the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Lebanon...
AM Best maintains U.S. commercial lines insurance market outlook at stable
NEW YORK: AM Best has maintained a market segment outlook of stable on the U.S. commercial lines industry for 2020, citing factors such as improved...
Kongberg to provide PROTECTOR Remote Weapon Station to Danish Army
OSLO, NORWAY: Kongsberg Defence & Aerospace AS has signed a contract with the Danish Ministry of Defence Acquisition and Logistics Organisation (DALO) for delivery of...