Hubco declares commercial operations date for its Chinese joint venture
KARACHI: China Power Hub Generation Company (CPHGC) – a joint venture between Hub Power Company Ltd. (HUBCO) and China Power International Holding – has successfully...
Pakistan to unveil new shipping policy next week
KARACHI: Pakistan’s Economic Coordination Committee (ECC) has approved the new shipping policy, which would strengthen the shipping sector and benefit exporters, Federal Minister for Maritime...
CIMIC’S CPB Contractors wins $424mn Campbelltown hospital project
SINGAPORE: CIMIC Group Company CPB Contractors has been selected by the NSW Government to deliver the Campbelltown Hospital Redevelopment Stage 2 project. The NSW Government...
Cello Health announces $10.5 million acquisition of Innovative Science Solutions
LONDON: Cello Health plc, the healthcare-led advisory group, has acquired the trade and assets of Innovative Science Solutions for $10.5 million, a release issued to...
Telstra reaches $1 billion in asset monetisation
LONDON: Telstra Corporation has announced establishment and part sale of an unlisted property trust to own 37 of Telstra’s existing exchange properties, a release issued...
Etalon Group acquires Leader-Invest
LONDON: Etalon Group Company AO, a subsidiary of Etalon Group Plc, has completed the purchase of the remaining 49% of the share capital of Leader-Invest...
AM Best affirms credit ratings of Delvag Versicherungs-AG
AMSTERDAM: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Delvag Versicherungs-AG. The outlook...
Group CEO of BreadTalk resigns
SINGAPORE: Chu Heng Hwee would resign as the Group Chief Executive Officer of BreadTalk Group Limited with effect from 31 December 2019. The The Board...
CPB Contractors secures NZ$221mn Auckland Airport works
SINGAPORE: CIMIC Group’s company CPB Contractors has reached contractual close to deliver Auckland Airport’s Taxiway Mike and Remote Stands Stage 2 project, a critical component...
Quadrise, Merlin signs MoU to promote heavy oil projects
LONDON: Quadrise Fuels International has signed a Memorandum of Understanding (MOU) with Merlin Energy Resources Limited to promote upstream heavy oil projects, a release issued...
Gfinity to windup Australian joint venture
LONDON: Gfinity plc has announced that its Australian joint venture, Gfinity Esports Australia, will close at the end of November 2019, a release issued to...
Messe Frankfurt sets a new record of around €718 million sales in 2019
FRANKFURT: Messe Frankfurt, the largest player in the German trade fair industry is setting a new record of around €718 million sales in 2019. Messe...