Pak Suzuki posts loss in 2Q 2019
KARACHI: Pak Suzuki Motor Company (PSMC) announced its 2QCY19 ended June 30, 2019 financial results wherein the company booked net loss of Rs545 million translating into...
Habib bank posts 78% decline in profits
KARACHI: Habib Bank Limited (HBL) unveiled its 2QCY19 ended June 30, 2019 consolidated net earnings at Rs750 million translating into earning per share (EPS) of...
TechnipFMC awarded a major contract for Arctic LNG 2 project in West Siberia
HOUSTON: TechnipFMC has been awarded a major Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located...
IMImobile announces proposed acquisition of 3CInteractive Corp
LONDON: IMImobile, a global cloud communications software and solutions provider, has conditionally agreed to acquire the entire issued and to be issued share capital of...
Cora Gold granted 100% ownership of Tagan Permit in southern Mali
LONDON: Cora Gold has been awarded 100% ownership of the 82km2 Tagan Permit located along the Yanfolila Gold Belt in southern Mali. The newly awarded...
AEG forms JV for saw-logging operations at Lumberton
LONDON: Active Energy (AEG), the London quoted renewable energy business focussed on biomass, has entered into a joint venture agreement, with Renewable Logistics Systems LLC...
Vodafone, O2 Telefonica to share 5G active equipment across UK
LONDON: Vodafone Limited and O2 Telefónica UK Limited announced that they have agreed to share 5G active equipment, such as radio antennas, on joint network...
NOVATEK launches South-Khadyryakhinskoye field
MOSCOW: PAO NOVATEK announced that the Company’s wholly owned subsidiary NOVATEK-Tarkosaleneftegas commenced commercial production at the South-Khadyryakhinskoye gas field, with estimated gas capacity at about...
Anglo American senior leadership changes
LONDON: Anglo American plc announced the appointment of Nolitha Fakude as Chairman of Anglo American’s Management Board in South Africa, with effect from 1 September...
Investcorp raises up to $142 million in its maiden private equity India fund
BAHRAIN: Global alternative asset manager Investcorp, announced the final close of its maiden Private Equity Fund offering for India. The fund gained a total capital...
Japan Foods wins Best Annual Report at 2019 Singapore Corporate Awards
SINGAPORE: Leading Japanese restaurant chain, Japan Foods Holding Ltd. has clinched the “Best Annual Report (Silver)”at the 2019 Singapore Corporate Awards in the category for...
Emirates Integrated Telecommunications post profit of AED 464mn
DUBAI, UAE: Emirates Integrated Telecommunications Company (EITC) published its financial results for Q2 2019 ended June 30, 2019, reporting AED 3.19 billion revenues, AED 1.47...