MOSCOW: Daniil Medvedev, ranked as the top tennis player in Russia and #4 tennis player globally, and Tinkoff, the leading online financial ecosystem, announce the start of their partnership. Daniil Medvedev will participate in Tinkoff’s advertising and marketing campaigns and promotional events as its official brand ambassador. Tinkoff will be the first Russian company to…
IBM elects Bill McNabb to its Board of Directors
NEW YORK –(BUSINESS WIRE)– The IBM board of directors Monday elected F. William McNabb III to the board. McNabb, 62, is the former chief executive officer and chairman of The Vanguard Group, Inc. He served in various leadership roles at Vanguard before being named chief executive officer in 2008 and chairman in 2010. He retired…
Dubai Investments wins Arab Investor award 2019
DUBAI, UAE: Dubai Investments PJSC, the leading investment and a public joint stock company listed on the Dubai Financial Market has successfully managed to elevate Arab competitiveness to a global level by winning the Arab Investor award 2019. Under the category of ‘Impact of Investment’, Dubai Investments PJSC was chosen as the winner for its…
Geo Energy to acquire two coal producing mines for $25mn in Indonesia
SINGAPORE: Geo Energy Resources Limited has entered into a conditional share purchase agreement (CSPA) with PT Titan Infra Energy (TIE) and PT Jaya Utama Indonesia (JUI) to acquire a 100% stake in PT Titan Global Energy (TGE) and an effective interest of 51% in each of BT Bara Anugrah Sejahtera (BAS) and PT Banjarsari Pribumi…
Y-Ventures to raise S$2.0 million via proposed placement from investors
SINGAPORE: Y-Ventures Group has entered into subscription agreements for the allotment and issue of an aggregate of 24.66 million new ordinary shares in the capital of the company at S$0.0812 per placement share to investors. The Placement Shares represent approximately 10.74% of the Group’s enlarged issued share capital which includes the Placement Shares. The Placement…
Avation delivers ATR to US-Bangla Airlines
SINGAPORE: Avation Plc, the commercial passenger aircraft leasing company, announced that it has delivered a second new ATR 72-600 aircraft to the South Asian airline US-Bangla Airlines. The operating lease of this aircraft, with manufacturer’s serial number 1563, is at market rates. Avation’s Executive Chairman Jeff Chatfield said, “We are pleased to complete this second…
Wesfarmers completes acquisition of Kidman Resources
PERTH: Wesfarmers Limited has announced the implementation of the Scheme of Arrangement under which Wesfarmers Lithium Pty Ltd, a wholly owned subsidiary of Wesfarmers Limited, has acquired all of the issued ordinary shares in Kidman Resources. With the completion of the transaction, Wesfarmers holds a 50 percent interest in the Mt Holland lithium project based…
Pakistan’s textile sector exports decline 5.32% to $1.19bn in August
KARACHI: Country’s overall textile sector exports declined 5.32 percent to $1.19 billion in August 2019 compared with exports of $1.25 billion recorded in the same period last year, data issued by Pakistan Bureau of Statistics suggest. “Lower prices obtained by exporters during the month was the key reason for declining textile exports, which was presumably…
Ahli Bank successfully completes a new 5 year bond transaction raising $500mn
DOHA: Ahli Bank has completed its third bond issuance for US$ 500 Million under its US$ 1.5 Billion EMTN Programme in the international debt capital markets. The 5 year bond has been assigned an A2 credit rating with a stable outlook by Moody’s and carries a coupon rate of 3.125% and was significantly oversubscribed by…
Sunpower’s 37th design project in Indonesia achieves successful grid connection
SINGAPORE: Sunpower Group announced that Indonesia Jinchuan WP & RKA Lateritic-Nickel-Ore Project power plant, designed by Sunpower’s subsidiary Yangguang Engineering Design Institute Co., Ltd has successfully achieved grid connection in all three units. Sunpower is an environmental protection solutions specialist with a strong focus on expanding into anti-pollution investment projects that generate long-term intrinsic value…
Strategic Elements partners to develop artificial intelligence software for mines
PERTH, AUSTRALIA: Strategic Elements Ltd announced that its artificial intelligence and robotics company Stealth Technologies has signed a binding Heads of Agreement to apply artificial intelligence to fixed plant operations in mining and deliver a Software as a Service (SaaS) solution. A binding Heads of Agreement was signed with Global Integrated Operations (Global io), who…
LCT to benefit from Semma Therapeutics acquisition by Vertex
AUCKLAND: Living Cells Technologies (LCT) holds 121,995 shares in Semma Therapeutics, worth an anticipated USD 838,105 which would be realised on Vertex Pharmaceuticals Incorporated completing its acquisition of Semma Therapeutics. The acquisition is anticipated to close in the fourth quarter of 2019, subject to certain conditions. Semma Therapeutics, a privately held biotechnology company pioneering the…