LONDON: Centaur Media Plc, an international provider of business information and specialist consultancy, announces that Andria Vidler has decided to step down as chief executive officer of the company in order to explore new opportunities. Andria is succeeded by Swag Mukerji, chief financial officer since 2016. Andria will continue as a director to work with…
Haydale awarded funding to develop airbus approved space technology
LONDON: Haydale Graphene Industries, the global advanced materials group, has been awarded a contract by the European Space Agency (ESA), which is seeking to develop non-metallic gas tanks for spacecraft propulsion systems in a. technology de-risking project. The demand for small satellite launches has created a challenge within the existing space propulsion supply chain for…
GuocoLand launches Meyer Mansion
SINGAPORE: GuocoLand Limited has announced the concept and design of Meyer Mansion. The sales gallery will open on 7 September 2019 for preview, and the development will launch for sale on 13 September 2019. Meyer Mansion will be the latest edition of GuocoLand’s collection of luxury residential properties in prime districts, following such highly regarded …
Arabtec appoints Wail Farsakh as Group Chief Operating Officer
DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, has announced the appointment of Wail Farsakh as Group Chief Operating Officer. Wail has over 33 years’ experience in the UAE starting as a structural engineer, progressing to General Manager of Dutco Balfour Beatty (currently known as DBB Contracting). In this time, Wail…
CDL and DBS Bank set benchmark on innovation-focused financing
SINGAPORE: City Developments Limited (CDL) has secured a S$250 million SDG Innovation Loan, in the form of a three-year revolving credit facility provided by DBS Bank Ltd. (DBS). This is a first-of-its-kind concept that CDL has pioneered for a sustainability-linked loan to accelerate innovative solutions that have a positive impact on SDGs. The SDG Innovation…
Mitsubishi’s U-MACHINE opens local subsidiary in China
TOKYO: Mitsubishi UFJ Lease & Finance Company Limited has announced that its consolidated subsidiary U-MACHINE Inc. has established U-MACHINE (CHINA) CO., LTD., a local subsidiary in Shanghai. U-MACHINE is a general trading firm of used machinery. In China, as a consequence of recent matters including increase in labor costs, environmental regulation, and U.S.-China trade friction…
Microsoft harnessing power of cloud to accelerate Pakistan’s digital transformation journey
KARACHI: “Now more than ever, academic and government leaders need to open their eyes to the need for learning, embracing and investing in advanced technologies, particularly the unprecedented opportunities that the cloud can bring”. These thoughts were expressed by Abid Zaidi Country Manager, Microsoft Pakistan while highlighting Pakistan’s digital transformation journey. “As businesses and organisations…
Pakistan’s oil sales slide to multi year lows in Aug-19
KARACHI: Pakistan’s overall petroleum products sales plummeted by over 4.0% YoY and as much as 20% MoM to 1.29mn tons in Aug-19, a level not seen at least since Jul-2009. Motor Spirit (MS) sales have grown at a miserly CAGR of 1.2% over the past 10 years; on the other hand, High Speed Diesel (HSD)…
JLEN Environmental Assets Group acquires an anaerobic digestion plant
LONDON: JLEN, the listed environmental infrastructure fund, announced the acquisition of Warren Power Limited (WPL) for an initial consideration, including working capital, of £14.8 million subject to additional deferred payments up to £0.8 million. WPL owns 100% of the equity in Warren Energy Limited (WEL), which holds the rights and operational assets that make up…
Dechra Pharmaceuticals acquires Ampharmco LLC for $30mn
LONDON, UK: The Board of Dechra Pharmaceuticals has announced the acquisition of Ampharmco LLC (APC) and its associated holding companies, Dragon Fire Holdings LLC and Black Griffin Holdings LLC together with its manufacturing site based in Fort Worth, Texas, for a cash consideration of USD 30.0 million (£24.5 million). APC was originally founded in 1999…
Oakley Capital announces investment in leading design company Alessi
LONDON: Oakley Capital Investments Limited announced that Oakley Capital Private Equity III has completed an investment in Alessi S.p.A (Alessi), the Italian high-end design business focused on home ware products. Alessi is an iconic homeware brand with 100 years of heritage; working with some of the world’s leading architects and designers it has captured a…
DGO to acquire assets in the State of Ohio from EdgeMarc Energy Holdings
LONDON: Diversified Gas & Oil (DGO), the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream assets, announced that the asset purchase agreement with EdgeMarc Energy Holdings, LLC, and certain of its subsidiaries, has been approved by the Seller and the United States Bankruptcy Court. Accordingly,…