Gresham House acquires 5MW grid level battery storage project
LONDON: Gresham House Energy Storage Fund has completed its investment in a symmetrical 5MW battery-only project based in Wolverhampton for a total enterprise value of...
Wood reaches agreement to sell nuclear business for £250 million
LONDON: John Wood Group PLC announced the sale of its nuclear business to a subsidiary of Jacobs for a cash consideration of £250 million representing...
Asiamet announces successful placing of $2.1 million
LONDON: Asiamet Resources Limited has successfully placed a total of 50 million new common shares of par value US$0.01 each at a price of 3.5...
LINE Securities launches new service
TOKYO: Nomura Holdings Inc. announced that LINE Securities Corporation, the firm’s joint venture with LINE Financial Corporation, has launched a new investment service on the...
Kazatomprom announces extension of production cuts
LONDON: JSC National Atomic Company (Kazatomprom) has announced its intention to continue to flex down production by 20% through 2021, compared to the planned levels...
Dubai Financial Market achieves 96% compliance
DUBAI, UAE: Listed companies at Dubai Financial Market (DFM) have recorded a 96% compliance regarding the disclosure of Q2-2019 results within the deadline of 45...
Gross refinery margins increased 21% in August 2019
DUBAI: Gross Refinery Margins (GRMs) for August-2019, increased by 21% YoY to US$11.45/bbl, supported by robust performance at the top and bottom of the barrel....
Gulf Drilling signs a joint venture agreement with Seadrill
DOHA: Gulf International Services announced that Gulf Drilling International (GDI), a wholly owned subsidiary of GIS, has executed a joint venture agreement with Seadrill limited...
Rex International updates business strategy
SINGAPORE: Rex International Holding Limited, a technology-driven oil company, updates its business strategy going forward, after achieving a record profit net of tax of approximately...
TBC Group acquires Georgian e-commerce company My Group
LONDON, UK: TBC Bank Group has entered into an agreement to acquire a 65% stake in LLC My.ge, the leading classified e-commerce player in Georgia...
Safestore and Carlyle form JV to enter Dutch self storage market
LONDON: Safestore Holdings will invest in a 20% stake in a joint venture with Carlyle to invest in carefully selected self-storage opportunities in Europe. Safestore...
LondonMetric acquires warehouse development for £24.0 million
LONDON: LondonMetric Property has agreed to purchase and fund a new 232,000 sq ft distribution warehouse for £24.0 million, reflecting a yield on cost of...