LONDON: Sativa Group Plc, the UK’s leading quoted CBD Wellness and medicinal cannabis Group, has completed the initial phase of its Goodbody CBD Wellness store chain, choosing Clifton, Bristol as the third and final location for proof-of-concept, alongside Bath and Cirencester. The Group is now actively seeking franchisees to participate in its comprehensive, full-support national…
Toyota and Suzuki enter into capital alliance agreement, buy each other’s shares
LONDON: Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) have entered into an agreement regarding a capital alliance on Wednesday, in order to establish and promote a long-term partnership between the two companies for promoting collaboration in new fields, including the field of autonomous driving. In order to develop and promote a long-term partnership…
6th Islamabad Literature Festival (ILF) set to be held in September 2019
ISLAMABAD: Every year, the capital city of Pakistan gets its much-needed intellectual and cultural treat in the form of the annual Islamabad Literature Festival (ILF). Carrying on this legacy for the 6th time, the theme of this year’s ILF is ‘The Focus is Tomorrow: Reflecting on the Past’. The festival will take place on 27,…
Total inaugurates its thousandth solar-powered service station
MOROCCO: Total S.A. has inaugurated its thousandth solarized service station, powered by solar panels. The rooftop solar systems at the TOTAL Palmeraie retail outlet in Marrakesh, Morocco, are a milestone in the company’s program to solarize certain of its service stations worldwide, begun in late 2016. Total’s goal is to solarize 5,000 stations in 57…
IMImobile announces completion of acquisition of 3CInteractive Corp
LONDON: IMImobile, a global cloud communications software and solutions provider, has completed the Tender Offer for the acquisition of 3CInteractive Corp. As of the expiration of the Tender Offer on Friday, August 23, 2019, a total of approximately 99.5% of the shares in 3C were validly tendered and accepted by IMImobile for payment in accordance…
DGO acquires natural gas gathering systems
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, has entered into binding agreements to acquire two separate packages of margin enhancing natural gas gathering systems in Pennsylvania and West Virginia for an aggregate cash consideration of $7.5…
Panicos Nicolaou appointed CEO of Bank of Cyprus
NICOSIA: Bank of Cyprus Holdings Public Limited Company announced that on 26 August 2019 the European Central Bank approved the appointment of Panicos Nicolaou as the Group Chief Executive Officer (CEO) and Executive Member of the Board of Directors of Bank of Cyprus Public Company Limited. The appointment is also effective for the Board of…
Total strengthens its international partnership with Qatar Petroleum
PARIS–(BUSINESS WIRE)—Total S.A. and Qatar Petroleum have further strengthened their international partnership by signing agreements under which Qatar Petroleum will farm into Total-held exploration acreage in Namibia, Guyana and Kenya. Following completion of the transactions, which are subject to approval by relevant authorities, Qatar Petroleum will partner with Total in each country as outlined below:…
Cairn sells of 282 PRS apartments at The Quarter at Citywest for €94 million
LONDON: Cairn Homes plc, the leading Irish homebuilding company, announced the forward sale of 282 multifamily private rental sector (PRS) apartments at The Quarter in Citywest to Urbeo for a total cash consideration of €94 million. The 282 units, across six apartment blocks, are currently under construction with a phased delivery commencing in late 2020….
El Corte Inglés announces merger by absorption of Bricor
MADRID: The general shareholders’ meeting has given the green light to the merger by absorption of Bricor (the absorbed company) by El Corte Inglés (the absorbing company), in line with the plans filed before the commercial registry. The merger is part of a process of integration and optimisation, which began with the merger of Hipercor,…
Bolivia insurance industry outlook stable as companies sustain growth trend
MEXICO CITY: AM Best has assigned a stable market segment outlook to Bolivia’s insurance industry, based on healthy growth, robust solvency ratios and a sufficient appetite from reinsurers. In a new Best’s Market Segment Report, titled, “Market Segment Outlook: Bolivia Insurance Industry,” AM Best states that the country’s insurance industry grew 11% in 2018, and 3.4% in…
South Korea insurers prepare to face new accounting and solvency rules
HONG KONG: AM Best views South Korea’s non-life insurers as being in a better position than their life counterparts to weather the impact of the International Financial Reporting Standards 17 (IFRS 17) accounting standard and K-Insurance Capital Standard (K-ICS) solvency regime when they take effect. In a new Best’s Special Report, titled, “South Korea Insurers Prepare to…