DUBAI: Al Ramz Corporation Investment & Development PJSC announced the acquisition of the market‐making business of SHUAA Capital, the leading Asset Management and Investment Banking platform in the region created by the merger of SHUAA Capital and Abu Dhabi Financial Group (ADFG). The transaction will entail transfer of personnel and market‐making activities to Al Ramz….
Lifecare forms JV to develop and digitize technologies
OSLO: Lifecare AS announced an exciting joint venture (JV) to further develop Lifecare’s technology and digitize medical diagnostics. The joint venture with IMS Capital Partners will establish Digital Diagnostics AG, a company co-owned by IMS Capital Partners, Lifecare AS and employees. The deal will take effect from today and Digital Diagnostics AG will become operational…
Havila Shipping signs contracts for Havila Jupiter and Havila Crusader
OSLO: Havila Shipping has secured contract work for Havila Jupiter in the North Sea. The commencement is expected to be early March and for a firm period of 70 days with optional periods of up to 35 days. Havila Shipping has also entered into contract with major UK oil company for the PSV Havila Crusader….
SSE completes £500 million sale of SSE Energy Services Group
LONDON: SSE plc has completed the sale of SSE Energy Services Group Limited, its household energy and services business in GB, to OVO Energy Limited for an enterprise value of £500 million. The net proceeds of the transaction will be used to reduce SSE’s net debt. In the period since SSE and OVO agreed the…
Resolute Mining sells Ravenswood Gold Mine for A$300 million
LONDON: Resolute Mining Limited has entered into definitive transaction documentation to sell the Ravenswood Gold Mine in Queensland to a consortium comprising a fund (EMR Fund) managed by specialist resources private equity manager EMR Capital Management Limited, and Singapore-listed mining and energy company, Golden Energy and Resources Limited for A$300 million. The transaction has been…
Division of Gaming Enforcement reports strong December 2019 internet gambling growth for New Jersey
NEW JERSEY: Internet Gaming Win stood at $49.3 million in December 2019 compared to $29 million in the prior year period, reflecting a year-over-year growth of 70.0%, New Jersey’s Division of Gaming Enforcement (DGE) reported. GAN plc updated the market following the publication on January 14, 2020, by New Jersey’s Division of Gaming Enforcement (DGE)…
Jaffer Business Systems becomes ‘Platinum Partner’ of Hewlett Packard in Pakistan
KARACHI: Jaffer Business Systems Ltd. (JBS) recently acquired the ‘Platinum Partner’ status of Hewlett Packard Enterprise (HPE). They are the first and only partners of HPE to have achieved Platinum status in Pakistan for FY20 and it is the highest level of partnership status assigned by HPE globally. This level is assigned to partners having…
Gallant Venture and Obayashi Corporation to build eco-tourism focused greenhouse on Bintan island
SINGAPORE: Gallant Venture has partnered Obayashi Corporation –one of Japan’s largest general contractors–to pilot a technologically-advanced eco-tourism focused greenhouse on Bintan island, Indonesia. This was announced at the Joint Development Agreement Signing Ceremony. PT Persada Hijau Cemerlang (PHC), a company owned by Gallant Venture and Salim Group, will work with Obayashi Corporation to fine-tune the…
Shelf Drilling wins $59 million contract for recently acquired jack-up rig
DUBAI: Shelf Drilling Ltd. has secured a $59 million contract for its recently acquired high-specification jack-up rig, Shelf Drilling Enterprise, with Chevron Thailand Exploration and Production, Ltd. for operations in the Gulf of Thailand. The contract is expected to commence in August 2020 and run through April 2022 with an option to extend. The contract…
BRICKLIVE signs agreement with Entertainment One for Peppa Pig themed tours
LONDON: Live Company Group’s subsidiary BRICKLIVE International has signed a multi year license agreement with Entertainment One UK Limited, a wholly owned subsidiary of Entertainment One Ltd (eOne), to produce themed tours associated with properties and characters of one of the world’s most famous and global children’s brand, Peppa Pig. Entertainment One, which was recently…
CoalTech Sarl to develop $16mn coal project in Uzbekistan
LONDON: Coaltech Sarl has signed an MOU with the Republic of Uzbekistan Ministry of Innovation and Development and the Uzbekistan Railway company for the development in Uzbekistan of a project for the processing of coal fines into coal pellets, with an initial estimated value of US$16 million. CoalTech Sarl is a joint venture between Coaltech…
Bahrain Bourse adopts new listing rules to clarify regulatory and organizational framework
MANAMA, BAHRAIN: Bahrain Bourse’s (BHB) has adopted the new Listing Rules that aim to clarify the regulatory and organizational framework governing all operational aspects of Bahrain Bourse, particularly future listings. The new Listing Rules will be effective immediately, allowing for companies currently listed on the market a grace period of 3 months to abide by…