LONDON: Iconic Labs, a multi-divisional new media and technology business has acquired the IP of Gay Star News Ltd (GSN) including www.gaystarnews.com, a website focused on events related to and concerning the global LGBTI community. The acquisition is part of the Company’s strategy to build critical mass and in particular expand its proprietary targeted distribution…
Unipres Corporation and Metaltech Ltd to form capital alliance
TOKYO, JAPAN: Unipres Corporation passed a resolution at a meeting of its Board of Directors to enter into a capital alliance with Metaltech Ltd through the underwriting of a capital increase by Metaltech by way of third-party allotment, a release issued to Japan Stock Exchange noted. Unipres globally supplies pressed automotive parts to automobile manufacturers…
DFM and its listed companies participate at HSBC’s Global Emerging Markets Investor Forum
DUBAI: The Dubai Financial Market (DFM) has successfully participated in the Global Emerging Markets Investor Forum (GEMS), one of the largest emerging markets investment forums organized by the HSBC in London, a release said. The DFM and its listed companies achieved one of the strongest presence amongst exchanges attending the event that was concluded last…
CapitaLand receives over 900,000 shoppers to Raffles City Chongqing
SINGAPORE: CapitaLand has added another feat to its track record of creating iconic integrated developments with the opening of Raffles City Chongqingin China. The largest mall to open in Chongqing this year and the latest must-visit destination in the bustling metropolis, Raffles City Chongqing registered a strong shopper traffic ofover900,000duringits opening weekend. Raffles City Chongqing…
SIMEC Atlantis to build world’s largest ocean powered data centre in Scotland
LONDON: SIMEC Atlantis Energy Limited, the global developer, owner and operator of sustainable energy projects, has announced on London Stock Exchange its ambitions for a tidal-powered data centre in the Caithness region of Scotland. The power supply for such a data centre would include electricity supplied via a private wire network from tidal turbines at…
Equiniti completes the acquisition of Richard Davies Investor Relations
LONDON: Equiniti Group has announced that it has completed the acquisition of Richard Davies Investor Relations Limited (RD:IR), a release issued to London Stock Exchange noted. Equiniti is an international technology-led services and payments specialist. RD:IR is a market-leading investor relations business, offering a wide-range of IR-related analysis, software and advisory services. The acquisition will…
Reabold announces successful appraisal well at Parta Licence in Romania
LONDON: Reabold Resources notes the announcement made by ADX Energy Ltd regarding an update on the drilling of the Iecea Mica-1 (IM-1) appraisal well, located within the Parta license, onshore Romania. Drilling has been completed safely and hydrocarbons have been discovered in multiple zones, a release issued to London Stock Exchange noted. Reabold holds a…
MPL wins £5.5 million contract with Tata Projects and Daewoo Engineering
MUMBAI: Mercantile Ports & Logistics (MPL) announced that its wholly owned subsidiary Karanja Terminal and Logistics Private Limited (KTLPL) has signed a binding contract with Tata Projects Limited and its joint venture partner Daewoo Engineering and Construction. Mercantile Ports & Logistics (MPL) is developing a modern port and logistics facility in Navi Mumbai, Maharashtra, India….
Daiwa Securities and Global X to establish a JV to expand domestic ETF business
TOKYO, JAPAN: Daiwa Securities Group Inc., Daiwa Asset Management Co. Ltd. and Global X Management Company Inc. will collaborate in the asset management business, and establish a joint venture (JV), Global X Japan Co. Ltd., to support their customers’ asset building through their new Exchange Traded Fund (ETF) solutions to investors in Japan. The global…
China Jinjiang Environment outlook uplifted to ‘Positive’ by S&P Global Ratings
SINGAPORE: China Jinjiang Environment Holding Company Limited, a leading Waste-to-Energy operator in China, announced that S&P Global Ratings has upgraded the Company’s outlook from negative to positive. This comes on the back of the successful acquisition on 21 August 2019 of 29.79% of Jinjiang Environment’s shares by a wholly-owned subsidiary of Zhejiang Provincial Energy Group…
Aldar launches first residential land community on Saadiyat Island
ABU DHABI, UAE: Aldar Properties has launched today its first residential community in the heart of Saadiyat Island – Saadiyat Reserve. The AED 722 million community features 306 infrastructure enabled land plots open to buyers of all nationalities. This is the first land plot development to be launched on Saadiyat Island since the introduction of…
SHUAA Capital exiting non-core businesses
DUBAI, UAE: SHUAA Capital, the UAE-based financial services group which recently completed a transformational merger with Abu Dhabi Financial Group L.L.C. announced that it has agreed to sell its SHUAA Securities brokerage and market-making businesses in the UAE to IHC RSC Ltd, a subsidiary of International Holdings Company (IHC), pending regulatory approvals. IHC is an…