UK-funded Karandaaz to promote sustainable energy and economic development
KARACHI: A UK commitment to provide financing for renewable energy and energy efficiency to Pakistan’s industrial Small and Medium Enterprises (SME) sector has been signed...
Dana Gas reports 483% increase in net profit to $140mn
SHARJAH, UAE: Dana Gas, the Middle East’s largest regional private sector natural gas company, announced H1 2019 ended June 30, 2019 net profit jumped 483...
KIA introduces first-ever all wheel vehicle in Pakistan
KARACHI: KIA Lucky Motors (KLM) has launched the much-awaited, Pakistan’s first all-wheel 2000 CC SUV. KIA Sportage is Pakistan’s first All-Wheel Drive car with 100,000...
Europa Oil & Gas awarded 15-year Frontier Exploration Licence, Offshore Ireland
LONDON: Europa Oil & Gas, the UK and Ireland focused oil and gas exploration, development and production company, has announced that the Irish government approved...
James Fisher and Sons acquires 60% stake in Continental Participação E Administração
LONDON: James Fisher and Sons has announced the acquisition of 60% of the share capital of Continental Participação E Administração Ltda., the holding company of...
Avon Rubber to acquire 3M’s Ballistic-Protection Business
LONDON: Avon Rubber has signed an agreement to acquire 3M’s ballistic-protection business and the rights to the Ceradyne brand for an initial cash consideration of...
UKOG to acquire Tellurian’s subsidiary Magellan Petroleum
LONDON: UK Oil & Gas (UKOG) has signed a binding heads of terms with Tellurian Investments LLC to acquire the entire share capital of its...
CentralNic Group completes acquisition of Hexonet Group
LONDON, UK: CentralNic Group, the global internet platform that derives revenue from the subscription sales of internet domain names, has announced the acquisition of Hexonet...
Eight Capital Partners acquires €2 million receivables
LONDON: Eight Capital Partners has completed the acquisition of a €2 million receivable as outlined in its announcement of 1 June 2019 Notice of AGM....
Energy caps to fall this winter due to lower wholesale costs: Ofgem
LONDON, UK: The default price cap is set to fall from £1,254 to £1,179 from 1 October for this winter period (October-March). The pre-payment meter...
CentralNic acquires international domain name retailer Ideegeo for $5.2mn
LONDON: CentralNic Group has completed the acquisition of the entire share capital of Ideegeo Group Limited for $5.2 million of which $520,000 constitutes a deferred...
MCB posts 14% growth in earnings
KARACHI: MCB Bank Limited (MCB) unveiled its 2QCY19 ended June 30, 2019 consolidated net earnings at Rs5.41 billion (EPS Rs4.59) versus Rs4.76 billion (EPS Rs3.99)...