LONDON: Mothercare UK Limited (Mothercare UK) and Mothercare Business Services Limited (MBS) have announced further steps in the restructuring of the Group to return to being a sustainable and profitable business. Mothercare plc earlier on 5 November 2019 had announced appointment of Zelf Hussain, Toby Banfield, and David Baxendale of PricewaterhouseCoopers LLP as administrators to…
Japan to launch a special training programme for Pakistan
ISLAMABAD: Japan, which is already undertaking various training programs in the energy sector of Pakistan for emerging energy and LNG markets, will soon a training program specifically designed for Pakistan. Kuninori Matsuda, the Ambassador of Japan to Pakistan along with Ryo Minami, Director General, Agency for Natural Resources and Energy, Japan called on the Special…
Pakistan launches official startup portal to encourage technology innovation
ISLAMABAD: Pakistan’s corporate sector regulator has launched an exclusive startup portal to encourage technology innovation in the country during the ‘Startup Grind Pakistan’ conference in Islamabad. The portal features list of startups, simplified user experience for registration, access to mentors and incubation centres, online guides and video tutorials for Startup companies. Science and technology is…
BW LPG enters agreement to sell two Large Gas Carriers
SINGAPORE: BW LPG Limited has entered into a Memorandum of Agreement (MOA) to sell the remaining two Large Gas Carriers (LGCs) in the fleet BW Nantes and BW Nice, both built in 2003 and with a carrying capacity of 59,400 cbm each, will be delivered within Q1 2020. The sale is expected to generate approximately…
Visa launches suite of security capabilities to prevent and disrupt payment fraud
BARCELONA, SPAIN:Visa has launched a suite of innovative security capabilities to help prevent and disrupt payment fraud, breaking new ground in cyber security and fraud prevention across Central & Eastern Europe, Middle East and Africa (CEMEA) at the Visa CEMEA Security Summit 2019 in Barcelona, Spain, a press release said. The forum brings together payment…
AFC Energy unveils branding of inaugural technology platforms
SURREY, UK: AFC Energy has unveiled the branding of its inaugural range of product lines. AFC Energy is a UK based leading provider of hydrogen power generation technologies. In recent years, AFC Energy’s alkaline fuel cell technology has become synonymous with low cost, high efficiency, and fuel tolerant hydrogen power generators following a redesign and…
AMPD Ventures listed on Frankfurt Stock Exchange
VANCOUVER / ACCESSWIRE: AMPD Ventures Inc. has announced that it is now listed on the Frankfurt Stock Exchange and is trading under the symbol 2Q0. The Frankfurt Stock Exchange is one of the world’s largest trading centers for securities, and it is the largest stock exchange in Germany. The Frankfurt Stock Exchange is used by…
Radian Group and Yarlington enter into a partnership
LONDON: Radian Group and Yarlington have formally entered into a new partnership, creating an organisation that manages 38,000 homes and assets with 79,000 customers living in their homes across the south and south west of England. From 4 November 2019, Yarlington will become a subsidiary of Radian Group, with both organisations operating with a shared…
Amanat Holdings posts 38% increase in net profit
DUBAI: Amanat Holdings PSJC announced its consolidated financial results for the nine-month period ended 30 September 2019 recording an increase of 38% in net profit to reach AED 33.4 million in 9M-2019. Amanat Holdings is the GCC’s largest healthcare and education investment company. The increase in income from investments in 9M-2019 was led by strong…
Pakistan’s overall oil products’ sales decline 3.0% in October 2019
KARACHI: Pakistan’s overall petroleum, oil and lubricants (POL) sales in October 2019 clocked in at 1.6 million tons, down 3.0 percent compared with 1.65 million tons off-take recorded in the same month last year, data issued by Oil Companies Advisory Committee (OCAC) suggests. On sequential basis, POL sales reflected a 9.0 percent increase against 1.47…
Multibank ‘BBB/A-2’ ratings placed on Watch Negative
MEXICO CITY: S&P Global Ratings has placed its ‘BBB’ long-term and ‘A-2’ short-term issuer credit ratings on Multibank on CreditWatch negative following Banco de Bogotá’s announcement of its intentions to acquire Multibank. The acquisition’s closing is pending approvals form the respective authorities and regulators. The CreditWatch placement is based on a likelihood that Multibank could…
INOVEST, net profit, earning per share, financial results
MANAMA, BAHRAIN: INOVEST, a Category 1 Investment Firm (Shari’a Principles) regulated by the Central Bank of Bahrain and publicly listed on both Bahrain Bourse and Boursa Kuwait, announced its financial results for the first nine months of 2019, reporting a consolidated net profit attributable to parent shareholders of US$5.01 million, representing a 59% decline as…