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…
GAN launches internet casino for Parx Casino
DUBLIN: GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, announced that GAN and Greenwood Gaming & Entertainment, Inc. trading as ‘Parx Casino’ launched 24/7 Internet casino gaming in the Commonwealth of Pennsylvania. This launch represents the second major launch of online…
Salt Lake to acquire tenements and assets for the Lake Way Project
LONDON: Salt Lake Potash Limited has entered into a Sales Agreement with Blackham Resources Limited to acquire a package of tenements and other key assets for the Lake Way Project, a notice sent to London Stock Exchange said. Salt Lake Potash will pay total consideration of A$10 million, inclusive of A$500,000 payable under the Split…
DP World reports 1.6% gross volume growth in 2Q2019
DUBAI, UAE: DP World PLC handled 35.8 million TEU (Twenty-Foot Equivalent Units) across its global portfolio of container terminals in the first half of 2019, with gross container volumes growing by 0.5% year-on-year on a reported basis and 0.5% on a like-for-like basis. Strong performance across Asia Pacific, Indian Subcontinent and Africa drove growth in…
MASS contracted to supply Electronic Warfare Operation Support
LONDON: Cohort plc, the independent technology business, is pleased to announce that its wholly-owned subsidiary MASS has been awarded a contract to supply services valued at £4.79 million for Electronic Warfare Operation Support (EWOS) to an export customer. The contract will utilise MASS’s uniquely experienced Subject Matter Experts to protect combat aircraft against missile threats….
Gulf Navigation Holding posts 21% revenue growth in first half of 2019
DUBAI, UAE: Gulf Navigation Holding (GNH), the Dubai Financial Market listed maritime and shipping company, has announced its financial results for the first half of 2019. During the first half of 2019 the Company achieved operating revenue of AED 85.7 million compared to AED 71.1 million during the same period of 2018, a YoY increase…
Emaar partners with Beijing New Aerotropolis Holdings
DUBAI: Leading global developer Emaar joins hands with Beijing New Aerotropolis Holdings to develop the Aero-Economic Area of Beijing Daxing International Airport, a statement issued to Dubai Financial Market (DFM) said. Emaar signed a memorandum of understanding (MoU) with Beijing New Aerotropolis Holdings (BNA) on 23rd July to jointly develop Business and Tourism Complex, integrating…
Galderma Group plans to launch $2.3 billion IPO on the Swiss stock exchange
Galderma Group AG, the global leader in dermatology, announced on Wednesday that it intends to launch an Initial Public Offering (IPO) on the SIX Swiss Exchange, as part of its ambitious growth strategy. The company, which was founded in 1981 as a joint venture between L’Oréal and Nestlé, aims to raise about 2.3 billion USD…