KARACHI: As many as five Pakistani companies are participating under Trade Development Authority of Pakistan (TDAP) at Automechanika Johannesburg 2019. Automechanika Johannesburg is South Africa’s leading International Trade Fair for the automotive service industry targeting trade visitors from the Sub-Saharan Region. It is a meeting place for the business-to-business automotive sector in Southern Africa. It…
NEPRA grants license to Kuwait based Enertech for its 50MW solar power plant
KARACHI: National Electric Power Regulatory Authority (NEPRA) has granted generation license to Kuwait-based Enertech Quetta Solar Private Limited for its proposed 50 megawatt solar power generation plant in Balochistan with an estimated cost of $50 million. In order to tap the huge indigenous potential of the province for power generation, the Government of Balochistan formulated…
Frank Vang-Jensen appointed President and CEO of Nordea Bank
STOCKHOLM: The Board of Directors of Nordea Bank Abp has appointed Frank Vang-Jensen as new President and Group CEO as of September 05, 2019. Frank Vang-Jensen is currently Head of Personal Banking for the Group and a member of Group Executive Management (GEM). Frank Vang-Jensen is passionate about banking and understands the important role of…
Kidman Resources shareholders vote in favour of scheme of arrangement
SINGAPORE: Wesfarmers Limited notes that Kidman Resources’ shareholders today voted in favour of the Scheme of Arrangement under which Wesfarmers will acquire 100 percent of the issued ordinary shares in Kidman for $1.90 cash per share. Wesfarmers Managing Director Rob Scott thanked the Board of Kidman and the company’s shareholders for their strong support for…
Location Sciences contracts with Blis to drive data verification in the advertising industry
LONDON: Location Sciences, the leading mobile location data and intelligence expert, announced a new 18-month contract with Blis, the global leader in real-world intelligence. Blis is the first global location intelligence company to embrace independent verification of data quality. Blis will use Verify, Location Sciences’ proprietary location verification platform, to provide independent, media-agnostic analysis and…
Kibo Energy inks power purchase & coal supply term sheets with Vale Mozambique
DUBLIN: Kibo Energy PLC, the multi-asset Africa focused energy company, has signed a non-binding Power Purchase Term Sheet (PPTS) and a non-binding Coal Supply Term Sheet (CSTS) with Vale Mozambique, S.A. for the Benga Power Plant Project in Mozambique. Louis Coetzee, CEO of Kibo Energy, commented, “Finalisation of both a PPTS and a CSTS in…
Porvair acquires Rotal Dahlman for €7.75 million
LONDON: Porvair PLC, the specialist filtration and environmental technologies group, announced the acquisition of Dahlman Industrial Group B. V. (Royal Dahlman), a Dutch industrial filtration business, trading as Royal Dahlman, for a total cash consideration of €7.75 million. The Group acquired 100 percent of the share capital of Royal Dahlman, which reported revenue of €14.2…
Novatek and Saibu Gas sign heads of agreement
VLADIVOSTOK: Today, in the presence of the Minister of Economic Development of the Russian Federation Maxim Oreshkin and the Minister of Economy, Trade and Industry of Japan Hiroshige Seko, Pao Novatek and Saibu Gas Co., Ltd. (Japan), signed the Heads of Agreement. According to the agreement, the parties intend to establish a joint venture focused…
Ascott opens Southeast Asia’s largest coliving property lyf Funan Singapore
SINGAPORE: CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has opened lyf Funan Singapore, the largest coliving property in Southeast Asia. It is also the world’s first property under Ascott’s new ‘lyf’ coliving brand that is managed by millennials for the millennials and millennial-minded. lyf Funan Singapore is the first of Ascott’s record-breaking…
Ulrik Bengtsson appointed Chief Executive Officer of William Hill
LONDON: The Board of William Hill PLC announced that Philip Bowcock will step down as Chief Executive Officer and as a Director of the Company with effect from 30th September 2019. Ulrik Bengtsson, previously William Hill’s Chief Digital Officer, has been appointed Chief Executive Officer Designate and a Director of the Company with immediate effect….
ClearStar achieves ISO security accreditation
LONDON: ClearStar Inc, a provider of Human Capital Integrity SM technology-based services specialising in background and medical screening, has achieved ISO/IEC 27001:2013 accreditation, which certifies that the Company’s information security, cyber security and privacy protection systems and policies comply with international standards of best practice. Ken Dawson, CIO/CISO of ClearStar, said: “We have always taken…
Frasers Centrepoint Trust to join the FTSE EPRA/NAREIT Global Developed Index
SINGAPORE: Frasers Centrepoint Asset Management Ltd (FCAM), the manager of Frasers Centrepoint Trust (FCT), announced that FCT will be included in the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index) from 23 September 2019. Richard Ng, Chief Executive Officer, FCAM, said, “We are delighted that FCT will be joining the FTSE EPRA/NAREIT index….