SINGAPORE: Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, announced that it has executed an acquisition agreement with Mandala Energy Lemang Pte Ltd to acquire an operated 90% interest in the Lemang production sharing contract, onshore Indonesia, for a total initial headline cash consideration of US$12 million,…
Aroundtown announces disposal of retail portfolio held through fully consolidated subsidiary TLG
LONDON: Aroundtown’s fully consolidated subsidiary TLG successfully signed the disposal of a retail property portfolio for the amount of approx. €190 million and a further retail property portfolio for approx. €300 million for which the buyer has a discretionary rescission right until August 31, 2020. The retail properties are located across Germany and were sold…
Graham Clarke appointed CEO of Emmerson Plc
LONDON: Emmerson Plc, the Moroccan focused potash development company, announced the appointment of Graham Clarke as CEO effective from 1 July 2020. Graham is a highly experienced fertiliser industry executive with 26 years’ experience in underground potash mining and a proven ability to attract talent and build operating teams with the capability to deliver large,…
Mark Crossley appointed CEO of Indivior PLC
RICHMOND: Indivior PLC announced that effective today, the Board of Directors has appointed Mark Crossley as Chief Executive Officer. Shaun Thaxter, in mutual agreement with the Board, is stepping down as Chief Executive Officer and Executive Director. Mr. Crossley has been Chief Financial and Operations Officer (CFOO) and Executive Director of Indivior since February 2017….
TBC has launched banking operations in Uzbekistan
LONDON, UK: TBC Bank Group announced that its subsidiary, JSCB TBC Bank has launched its banking operations in Uzbekistan, initially in a pilot mode for “friends and family”, and plans to extend its services to the broader population in August 2020. “In line with our asset-light and highly digitalized strategy, we will be serving our…
SGX to acquire remaining 80% stake in BidFX for $128 million
SINGAPORE: Singapore Exchange (SGX), Asia’s most international multi-asset exchange and largest FX derivatives marketplace, announced that it would acquire the remaining 80% stake in BidFX from its other shareholder(s) for a cash consideration of approximately US$128 million – a move that would expand SGX’s reach beyond FX futures into the global FX over-the-counter (OTC) market….
CEO & MD of Jayex Healthcare Nick Fernando resigns
MELBOURNE: Jayex Healthcare Limited announced the Group Chief Executive Officer of Jayex and Managing Director and Director of the Company’s subsidiary Jayex Technology Limited, Nick Fernando, has tendered his resignation effective 25 July 2020. Mr Michael Boyd, Non-Executive Chairman of the Board of Jayex, will take on the role as Executive Chair and work with…
Xpeng Motors starts delivery of P7 high-performance intelligent EV sports sedan
GUANGZHOU: Xpeng Motors, a leading Chinese electric vehicle and technology company, has begun nation-wide delivery of its new P7 super-long range, high-performance, smart EV sports sedan to customers. This follows the receiving of the official production license on May 19th from China’s Ministry of Industry and Information Technology for its new own-built, wholly-owned factory, the…
Agreement reached on a preferred long-term power supply for Oyu Tolgoi
MELBOURNE: Rio Tinto, Turquoise Hill and the Government of Mongolia have reached an agreement on the preferred domestic power solution for Oyu Tolgoi that paves the way for the Government to fund and construct a State Owned Power Plant at Tavan Tolgoi. The agreement, which is a revision of the Power Source Framework Agreement (PSFA)…
Careem and Visa sign partnership to accelerate digital financial inclusion across MENA
DUBAI: Careem, the internet platform for the greater Middle East, and Visa, the world’s leader in digital payments, have partnered to expand digital financial inclusion across the Middle East and North Africa (MENA) region by integrating Visa credentials into the Careem Pay Super App and providing Careem captains (the term for Careem drivers) with financial…
New IHME COVID-19 forecasts predict more than 40,000 deaths in Pakistan by October 1
SEATTLE: In its first projections for Pakistan, the Institute for Health Metrics and Evaluation (IHME) at the University of Washington is forecasting 42,188 people (with a range of 18,380 to 107,181) will die from COVID-19 by October 1, 2020. “Pakistan is at a tipping point,” said IHME’s Dr. Ali Mokdad, a senior faculty member and…
Dot Republic to launch Pakistan’s first digital fitness network ‘C1 Fitness’
ISLAMABAD: Dot Republic Media, one of the biggest YouTube MCN (Multi-Channel Network) in the region, in collaboration with their talent partner Alchemists, has announced the launch of ‘CreatorsOne Fitness’, a first of its kind fitness platform in Pakistan. As the current situation continues to cause hindrance in the health and fitness regimes for people across…