MOSCOW: PAO NOVATEK announced that the Company’s wholly owned subsidiary NOVATEK-Tarkosaleneftegas commenced commercial production at the South-Khadyryakhinskoye gas field, with estimated gas capacity at about one billion cubic meters per annum. “The South-Khadyryakhinskoye field is located in close proximity to the Company’s existing infrastructure, which allowed us to quickly commence initial gas production and optimize…
Anglo American senior leadership changes
LONDON: Anglo American plc announced the appointment of Nolitha Fakude as Chairman of Anglo American’s Management Board in South Africa, with effect from 1 September 2019. Fakude will step down as a non-executive director on the Board of Anglo American plc on 31 August 2019 in order to take up this new executive role and…
Investcorp raises up to $142 million in its maiden private equity India fund
BAHRAIN: Global alternative asset manager Investcorp, announced the final close of its maiden Private Equity Fund offering for India. The fund gained a total capital commitment of around Rs 1000 Crore ($142 million), within a few months of Investcorp establishing its lndia presence. The limited partners of the fund comprise a well-diversified universe of Indian…
Japan Foods wins Best Annual Report at 2019 Singapore Corporate Awards
SINGAPORE: Leading Japanese restaurant chain, Japan Foods Holding Ltd. has clinched the “Best Annual Report (Silver)”at the 2019 Singapore Corporate Awards in the category for listed companies with less than S$300 million in market capitalisation. The Best Annual Report Award recognises companies that have demonstrated an excellent standard of corporate reporting and disclosure beyond the…
Emirates Integrated Telecommunications post profit of AED 464mn
DUBAI, UAE: Emirates Integrated Telecommunications Company (EITC) published its financial results for Q2 2019 ended June 30, 2019, reporting AED 3.19 billion revenues, AED 1.47 billion EBITDA and AED 464 million net profit after royalty for the second quarter of the year. For H1 2019, Emirates Integrated Telecommunications Company (EITC) reported revenues of AED 6.33…
Lonza expands Bioconjugation facility and announces approval of third commercial ADC
BASEL, SWITZERLAND: Lonza has announced the start of expansion to its bioconjugation facility in Visp, Switzerland together with the successful commercial approval of a third antibody-drug-conjugate (ADC) produced at the site. Building on 12 years of experience in the exacting bioconjugation space, Lonza’s expansion will meet the development and manufacturing needs of pharma and biotech…
DFM launches Sustainability Strategic Plan 2025 to promote best practices
DUBAI: As part of its leading role amongst regional exchanges as well as its status as ‘The World Class Regional Market place, the Dubai Financial Market (DFM) has launched its Sustainability Strategic Plan 2025 aimed at underpinning its continuous efforts to promote Environmental, Social and Governance (ESG) best practices amongst listed companies and other stakeholders….
Abraaj Group’s K-Electric seeks 150 mmcfd RLNG for its power plants
KARACHI: Abraaj Group’s K-Electric Limited (KE) is considering the procurement of 150 mmcfd of re-gasified liquefied natural gas (RLNG), in the initial phase, to meet the fuel requirements of its two combined cycle gas turbine power plants at the Port Qasim complex. “We have initiated the bidding process, which will determine the preferred bidder and…
TradeStation expands suite of advanced trading offerings with FuturesPlus
TOKYO: TradeStation, a Monex Group company and award-winning online broker-dealer and futures commission merchant, has unveiled TradeStation FuturesPlus, powered by Trading Technologies International, Inc. (TT). The new trading platform provides traders access to premium options-on-futures tools and robust visualization and analysis capabilities, as well as the fast and reliable execution to which TradeStation’s traders have…
JXTG plans restructuring of petroleum product manufacturing & supply network
TOKYO: JXTG Holdings, Inc. has announced that its consolidated subsidiary JXTG Nippon Oil & Energy Corporation has made a decision to acquire the Osaka Refinery, currently operated by Osaka International Refining Company (OIREC). JXTG plans to terminate operation of its refinery functions and restructure it as an asphalt-fueled electric power facility. This change is expected…
United Oil & Gas announces conditional acquisition of Rockhopper Egypt
LONDON: United Oil & Gas Plc, the AIM traded oil and gas exploration and development company, is pleased to announce the proposed acquisition of Rockhopper Egypt Pty Ltd from Rockhopper Exploration Plc, for a headline consideration of US$16 million. The purchase includes a non-operated 22% interest in the Abu Sennan concession onshore Egypt, and the…
Secure Income REIT announces £347mn disposal of private hospitals
LONDON: The Board of Secure Income REIT Plc announced the sale of a portfolio of eight of its nineteen private hospitals let to Ramsay Health Care Limited for a gross consideration of £347 million. The assets sold represent 31% of Ramsay hospitals owned by the Company, at their 31 December 2018 valuations. The purchaser is…