UBL posts 48% growth in earnings
KARACHI: United Bank Limited (UBL) unveiled its 2QCY19 ended June 30, 2019, standalone net earnings at Rs5.38 billion (EPS Rs4.39) versus Rs3.63 billion (EPS Rs2.96)...
Pakistan seizes Indian origin expired sugar destined for Afghanistan
KARACHI: Directorate General of Transit Trade has seized large number of Indian origin consignments mis-declared as ‘White Crystalline Sugar’, destined to be consumed in Afghanistan,...
Iconic Labs to acquire Social Alchemist Limited
LONDON: Iconic Labs has agreed Heads of Terms to acquire social media agency Social Alchemist Limited, which will bolster Iconic Labs’ offering, build critical mass...
NQ Minerals makes further investment in Tasmania Energy Metals
LONDON: NQ Minerals Plc has made a further strategic investment in private Tasmanian mining company, Tasmania Energy Metals to enhance the company’s operations and prospects,...
Victoria Plc announces acquisition of Ibero Ceramica
LONDON: Victoria Plc has acquired the business and certain assets of high-quality Spanish ceramic flooring manufacturer, Iberoalcorense (Ibero). Victoria is the international designers, manufacturers and...
Maxima signs EUR 52 million loan agreement for green investments
LONDON: Maxima LT and the Nordic Investment Bank (NIB) have signed a 10-year EUR 52 million loan agreement, a release issued to London Stock Exchange...
Al Meera signs new store at The Mall
DOHA: Al Meera Consumer Goods Company has announced the signing of its new store at “The Mall”. Al Meera’s The Mall branch will mark Al...
Capella Space signs agreement with Addvalue for use of its IDRS
SAN FRANCISCO: Capella Space has entered into an agreement with Addvalue for use of its Inter-Satellite Data Relay System (IDRS) via Inmarsat’s global L-Band satellite...
Keppel expands data centre footprint in Sydney, Australia
SINGAPORE: The Alpha Data Centre Fund (Alpha DC Fund) has announced that its wholly-owned subsidiary has acquired a 3,840 sqm plot of freehold land in...
TDAP to hold Pakistan Pavilion at Intersec 2020
KARACHI: Trade Development Authority of Pakistan (TDAP) will participate at Intersec 2020 to be held in Middle East during January 19-21, 2020, and would hold...
John Flint steps down as Group Chief Executive of HSBC Holdings
LONDON: HSBC Holdings plc announced that John Flint has Monday stepped down as Group Chief Executive and as a Director by mutual agreement with the...
CyanConnode signs memorandum to collaborate with Hexing
LONDON: CyanConnode Holdings, a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, has signed a Memorandum of Understanding (MoU) with Hexing Electrical Co....