Arabtec appoints Wail Farsakh as Group Chief Operating Officer
DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, has announced the appointment of Wail Farsakh as Group Chief Operating Officer. Wail...
CDL and DBS Bank set benchmark on innovation-focused financing
SINGAPORE: City Developments Limited (CDL) has secured a S$250 million SDG Innovation Loan, in the form of a three-year revolving credit facility provided by DBS...
Mitsubishi’s U-MACHINE opens local subsidiary in China
TOKYO: Mitsubishi UFJ Lease & Finance Company Limited has announced that its consolidated subsidiary U-MACHINE Inc. has established U-MACHINE (CHINA) CO., LTD., a local subsidiary...
Microsoft harnessing power of cloud to accelerate Pakistan’s digital transformation journey
KARACHI: “Now more than ever, academic and government leaders need to open their eyes to the need for learning, embracing and investing in advanced technologies,...
Pakistan’s oil sales slide to multi year lows in Aug-19
KARACHI: Pakistan’s overall petroleum products sales plummeted by over 4.0% YoY and as much as 20% MoM to 1.29mn tons in Aug-19, a level not...
JLEN Environmental Assets Group acquires an anaerobic digestion plant
LONDON: JLEN, the listed environmental infrastructure fund, announced the acquisition of Warren Power Limited (WPL) for an initial consideration, including working capital, of £14.8 million...
Dechra Pharmaceuticals acquires Ampharmco LLC for $30mn
LONDON, UK: The Board of Dechra Pharmaceuticals has announced the acquisition of Ampharmco LLC (APC) and its associated holding companies, Dragon Fire Holdings LLC and...
Oakley Capital announces investment in leading design company Alessi
LONDON: Oakley Capital Investments Limited announced that Oakley Capital Private Equity III has completed an investment in Alessi S.p.A (Alessi), the Italian high-end design business...
DGO to acquire assets in the State of Ohio from EdgeMarc Energy Holdings
LONDON: Diversified Gas & Oil (DGO), the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream...
Vodafone group to sponsor Porsche Formula E team
LONDON: Vodafone Group will be the official communication partner of Porsche Motorsport when the automobile manufacturer enters the 2019/2020 ABB FIA Formula E Championship. Formula...
Tullow announces termination of farm-down agreement with Total and CNOOC in Uganda
LONDON: Tullow Oil announced it has been informed that its farm-down to Total and CNOOC will terminate at the end of 29 August 2019, following...
Pakistan to replace national payment gateway with state-of-the-art Automated Transfer System
KARACHI: Government of Pakistan has planned to upgrade and replace the existing central bank operated national payment gateway and payment system i.e. Real Time Gross...