LONDON: OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has signed a listing agreement with Persimmon Plc, one of the UK’s leading house builders, a press release issued to London Stock Exchange said. Under the agreement, which covers listing and additional advertising products, Persimmon Plc will list all its residential developments at…
Symphony International makes investment in Smarten Spaces
LONDON: Symphony International Holdings Limited, through a wholly-owned subsidiary, entered into a transaction for an investment in Smarten Spaces Pte. Ltd. (SSPL). SSPL is a Singapore based SaaS (Software-as-a-Service) company that provides software solutions for space management in commercial and industrial properties. SSPL has developed a platform with over thirty microservices that clients select from,…
UKOG completes HH-2z horizontal drilling
LONDON: UK Oil & Gas PLC (UKOG) has announced the successful completion of its Horse Hill-2z (HH-2z) Portland horizontal drilling campaign. A total of approximately 2,500 ft of horizontal trajectory was drilled wholly within the Portland reservoir’s most oil productive zone or “sweet spot”, around 70 times greater exposure to the sweet-spot than seen in…
European insurers and illiquid assets — an upwards trajectory
LONDON: In what could be a pivotal development for the insurance industry, insurers have encountered a range of influences that have raised the profile of illiquid assets on their balance sheets. In this context, AM Best recently surveyed Europe-based insurers managing approximately EUR 4 trillion of financial investments, loans and real estate. A new Best’s…
S&P affirms ‘BB+’ ratings on Home Appliances Group Arcelik with negative outlook
PARIS: S&P Global Ratings has affirmed ‘BB+’ ratings on Home Appliances Group Arcelik A.S and on the company’s senior unsecured debt, based on the view that the company can withstand a sovereign stress scenario. The negative outlook reflects the view that weak consumer demand in Turkey and foreign currency exchange volatility might pressure credit metrics…
Construction of 900MW RLNG based power project to start next month
KARACHI, PAKISTAN: The construction of K-Electric’s $650 million 900MW RLNG-based Bin Qasim Power Station (BQPS)-III will commence in December. The project has received all required approvals and is part of KE’s planned initiatives resulting in investments of around US$3 billion across the power value chain over the next few years. The project was conceived in…
Emerge Gaming signs billing and distribution agreement with Mondia Media
SYDNEY: Emerge Gaming Limited, the operator of online eSports and casual gaming tournament platform and lifestyle hub “ArcadeX”, has signed a billing and distribution agreement for ArcadeX with Mondia Media MENA Getmo Arabia FZ-LLC, a leader in the global B2B digital entertainment market. Agreement with Mondia is a direct carrier billing (DCB) Aggregator who provide…
Tempus Resources completes due diligence on the acquisition of Blackdome-Elizabeth Gold Project
PERTH: Tempus Resources has announced successful completion of due diligence on the acquisition of the high-grade, past producing Blackdome-Elizabeth Gold Project located in British Columbia, Canada. Legal firm Gowling WLG (Canada) LLP and technical specialists SRK Consulting have assisted with detailed due diligence on the acquisition and letter of intent, which has now been completed…
Firefly launches online strategy game Terminator: Dark Fate
SYDNEY: MSM Corporation International Limited notified that Firefly Games Inc, a strategic partner forged through the Company’s investment in The Riva Group, has successfully completed its global launch of Terminator: Dark Fate. It is the official, free to play, real time strategy war game based upon the 2019 feature film and is available worldwide on…
SeaBird gets new OBN source contract in Eastern Hemisphere
LIMASSOL, CYPRUS: SeaBird Exploration announced receipt of a letter of intent for the exclusive provision of source vessel services for an OBN survey in the Eastern Hemisphere. The survey is expected to start in Q1 2020, with an approximate duration of 60 – 90 days. SeaBird is a global provider of marine acquisition for 2D/3D…
AVZ introduces Yibin Tianyi Lithium as a strategic investor
PERTH: AVZ Minerals Limited has notified an equity placement of A$14.1 million to Yibin Tianyi Lithium Industry Co., Ltd through the issue of 314.3 million shares at 4.5 cents per share. Upon completion of the placement, Yibin Tianyi will hold a 12% stake in AVZ Minerals. Yibin Tianyi is backed by a number of Chinese…
Alliance Resources commences RC drilling at Weednanna Gold Deposit
VICTORIA: Alliance Resources Ltd has announce that the next phase of reverse circulation (RC) drilling has commenced at the Weednanna Gold Deposit, 40km north of Kimba on the Eyre Peninsula, South Australia. The drilling program consists of 57 RC holes totalling 5,220m which will drill out the Shoot 1 area on a 10m x 10m…