DUBAI: DAMAC Properties Dubai announced preliminary financial results for the year ended December 2019, reporting booked sales of AED 3.1 billion and unit deliveries of 4,700 units in full year 2019. DAMAC focused throughout 2019 on deliveries and execution of projects in the construction pipeline. The year marked the first deliveries in the master development…
Landscape Acquisition Holdings complete $860mn acquisition of AP WIP Investments Holdings
TORTOLA: Landscape Acquisition Holdings Limited has completed its acquisition of AP WIP Investments Holdings from Associated Partners for approximately US$860 million consisting of cash, shares and assumption of debt. AP Wireless is one of the largest international aggregators of rental streams underlying wireless sites through the acquisition of wireless telecom real property interests and contractual…
Coats announced completion of Pharr High Performance Yarns acquisition
LONDON: Coats Group, a leading industrial thread manufacturer, has completed the acquisition of the business and assets of Pharr High Performance Yarns, following receipt of the required regulatory approvals and other completion procedures, the transaction was completed on 10 February 2020. Pharr HP is a market leading manufacturer of high-performance engineered yarns based in McAdenville,…
Cranswick acquires Buckle family’s pig farming business
LONDON: UK’s leading and innovative supplier of fresh and added value food products, Cranswick plc, has acquired the Buckle family’s pig farming and rearing operations as well as the family’s 50% share of the White Rose Farms Limited pig production joint venture set up by Cranswick and the Buckle family in 2018. The enlarged pig…
Amiad awarded Green Economy Mark by London Stock Exchange
LONDON: Amiad Water Systems Limited, a global producer of water treatment and filtration solutions, has received the Green Economy Mark by the London Stock Exchange (LSE) in recognition of its contribution to the global green economy. The Green Economy classification and Mark has been introduced by the LSE to identify companies and investment funds traded…
Pelatro announces mViva Platform new version launch
LONDON: Pelatro Plc, the multichannel marketing hub software specialist, has reported the launch of the new version of its flagship mViva Platform, V6, which has several new advanced features compared to the previous version launched in 2018, reflecting the rapid evolution of the Group’s software products. The mViva Platform comprises a number of products and…
Heathrow fears to fall behind Paris as Europe’s number 1 airport hub
LONDON: Despite record breaking start to the year at Heathrow, latest figures show that EU competitor, Charles de Gaulle, is growing at twice the rate and is set to overtake as Europe’s leading hub airport within the next 2 years. Over 6 million passengers travelled through the airport in January (up 2.9%). UK routes led…
William Hill becomes official sports book and wagering data provider across all CBS Sports platforms
LAS VEGAS: CBS Sports and William Hill, America’s leading sports book operator, announced a strategic partnership that makes William Hill the Official Sports Book and Wagering Data Provider across all CBS Sports platforms. The deal will reinvent fan engagement through a unique integration of sports betting, media, product and technology. The partnership will kick-off with…
Second smartwatch phone launched with advanced TLens autofocus function
HORTEN: poLight ASA announced that its TLens solution is included in a new smartwatch phone for children launched to market on 10th February 2020 named XUN Smartwatch Max Pro. This is the second design-win for poLight, both for smartwatch phones for children. poLight offers a new autofocus lens which “replicates” the human eye for use…
StrongPoint to serve a preferred value-added technology re-seller for Sunrise
RÆLINGEN, Norway: StrongPoint, integrated technology solutions provider for multi-channel retailing, has announced a partnership with Sunrise Technology, part of Kroger, the largest grocery retailer in America, where StrongPoint will serve as a preferred value-added technology re-seller with an initial focus on the Nordics and the Baltics. Sunrise Technology develops fully integrated technology solutions that bring…
Air Arabia reports net profit of AED 1 billion for 2019
SHARJAH, UAE: Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, announced its financial results for the full year ending 31 December 2019, reflecting a record year of profitability and continued growth. Air Arabia reported a track record net profit of AED 1 billion for the full year ending December 31,…
SHUAA completes sale of securities and market-making businesses to Al-Ramz
DUBAI: SHUAA Capital, the Asset Management and Investment Banking platform created by the merger of SHUAA Capital and Abu Dhabi Financial Group (ADFG), has completed the sale of its Securities and Market-Making businesses, as the company continues to implement its non-core exit strategy focusing on further growing and expanding the Group’s asset management and investment…