LONDON, UK: HML Holdings plc, a leading provider of property management, insurance and ancillary services to residential property blocks, has announced the acquisition of Thornes Chartered Surveyors (TCS), a property management business with offices in Luton. HML has purchased the business and assets of TCS for £376,000 cash consideration, satisfied from HML’s existing facilities. The…
Ahli Bank announces EMTN roadshow
DOHA: Ahli Bank rated A2 by Moody’s and A by Fitch, has mandated Al Khaliji Commercial Bank, Barclays Bank, Mizuho Securities, QNB Capital and Standard Chartered Bank as Joint Lead Managers and Joint Bookrunners to arrange a series of fixed income investor meetings on its behalf commencing on Friday, 13th September 2019. A 5-year fixed…
SGX named Derivatives Exchange of the Year by Asia Risk
SINGAPORE: Singapore Exchange (SGX) has been named “Derivatives Exchange of the Year” by Asia Risk magazine for the sixth consecutive year, retaining a prestigious award that recognises best practices in risk management. Asia Risk, a leading industry publication, highlighted SGX’s innovation in developing solutions that ensure international investors have continued access to emerging markets across…
More than 50 countries come together to discuss cooperation and development on BRI
XI’AN, CHINA: The Euro-Asia Economic Forum 2019, with its focus on Participation in the Belt and Road Initiative (BRI) will Facilitate High-level Cooperation and Robust Development, kicked off on September 10th in Xi’an, China. Politicians, business people and scholars from more than 50 countries, including Germany, France, Kazakhstan, and Pakistan, attended the forum. The forum…
Microsoft says Trump is treating Huawei unfairly
NEW YORK: “The way the U.S. government is treating Huawei is un-American. China’s leading maker of networking equipment and mobile phones should be allowed to buy U.S. technology, including software from his company”. These thoughts were express by Microsoft President and Chief Legal Officer, Brad Smith. Such actions shouldn’t be taken without a “sound basis…
Glenmark Pharmaceuticals receives ANDA approval for Clobetasol Propionate Foam
MUMBAI, INDIA: Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Clobetasol Propionate Foam, 0.05% (Emulsion Formulation), a generic version of Olux®1‐E Foam, 0.05%, of Mylan Pharmaceuticals Inc. According to IQVIATM sales data forthe 12 month period ending July 2019, the Olux®‐E Foam, 0.05%…
SGX reports market statistics for August 2019
SINGAPORE: Singapore Exchange (SGX) released its market statistics for August 2019. Market participants continued to use SGX’s suite of risk-management tools to manage their positions across multiple asset classes as concerns over the outlook for both developed and emerging economies intensified. With ongoing US-China trade tensions, a yield-curve inversion in the US bond market –…
Futura signs collaboration to explore transdermal delivery of Cannabidiol DermaSys
LONDON: Futura Medical plc, a pharmaceutical company developing a portfolio of innovative products based on its proprietary, transdermal DermaSys® drug delivery technology and currently focused on sexual health and pain, made a joint venture collaboration with CBDerma Technology Limited to explore the application of Futura’s advanced proprietary transdermal drug delivery technology, DermaSys® for delivery of…
Mutamba project mining concessions conditionally awarded in Mozambique
LONDON: Savannah Resources plc has announced that the Minister of Mineral Resources and Energy in Mozambique has conditionally awarded two Mining Concessions, 9735C and 9229C, for the world-class Mutamba Heavy Mineral Sands Project in Mozambique over which the Company operates a joint venture with Rio Tinto. Mining Concession 9735C has a term of 25 years…
Springfield expands to Inverness with key land acquisition
LONDON: Springfield Properties, a leading housebuilder in Scotland offering private and affordable housing, announced its first land acquisition in Inverness as the Group continues its geographic expansion into the Highlands. With this purchase at Easterfield Farm in Inverness, along with other land recently secured in surrounding areas, Springfield is establishing a strong foothold in the…
ADCB to sell majority of its India banking portfolio to DCB Bank
ABU DHABI: Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its India banking portfolio to DCB Bank at par value and will exit its operations in India subsequent to the transaction, a release issued to Abu Dhabi Exchange noted. The banking portfolio that is being sold to DCB Bank comprises AED…
Sumitomo Dainippon Pharma and Roivant Sciences to form strategic alliance
TOKYO: Sumitomo Dainippon Pharma has entered into a Memorandum of Understanding for a strategic alliance with Roivant Sciences Ltd. Roivant is expected to receive a total of US$3 billion (approx. ¥320 billion) from Sumitomo Dainippon Pharma, subject to final agreement between the parties. The Memorandum of Understanding is generally non-binding with the exception of exclusivity…