LONDON: Royal Dutch Shell has announces the commencement of trading in the next tranche of its share buyback programme previously announced on July 26, 2018. In the next tranche, the company has entered into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares for a…
Nasdaq’s net revenues surge to $2.535bn in 2019
NEW YORK: Nasdaq, Inc. has net revenues of $2.535 billion for the full year 2019, an increase of $9 million from $2,526 million in the prior year. The full year increase in net revenues included a $112 million positive impact from organic growth in the non-trading segments, partially offset by a $29 million organic decrease…
Moody’s assigns an A2 IFS Rating to Oman Insurance
DUBAI: Moody’s Investor Services has assigned an A2 Insurance Financial Strength (IFS) rating to Oman Insurance Company citing its outlook as ‘Stable’. Moody’s, alongside S&P, is the largest credit rating agency worldwide. According to Moody’s, this rating reflects Oman Insurance Company’s strong market position and franchise in the Middle East region, well diversified business profile…
British government allows Huawei in its 5G roll-out
BEIJING: Victor Zhang, Vice President at Huawei, has made the following statement: “Huawei is reassured by the UK government’s confirmation that we can continue working with our customers to keep the 5G roll-out on track. “This evidence-based decision will result in a more advanced, more secure and more cost-effective telecoms infrastructure that is fit for…
Telenor reports fourth quarter 2019 results
OSLO: Telenor Group announced during the quarter ended December 31, 2019, subscription and traffic revenues increased by 2% and operating expenses decreased by 6%. As a result, EBITDA improved by 5%. “In Norway, growth in mobile revenues continued with further ARPU improvement, and we were able to offset copper revenue decline with growth in fibre…
DOF Subsea awarded multiple contracts across North America
OSLO: DOF Subsea has announced multiple contract awards from undisclosed clients across the North America region. The Group has secured contracts for pre-lay and LBL array installation activities in Guyana, subsea installation work in Trinidad and well-head removal work in Canada. All three contract awards will utilise Skandi Neptune. The Harvey Deep Sea has received…
Euro Manganese signs MoU with JFE Steel for technical collaboration
VANCOUVER: Euro Manganese Inc., a Canadian mineral resource company, has entered into a memorandum of understanding (MOU) with JFE Steel Corporation of Tokyo, Japan, to supply high-purity manganese products from its proposed demonstration plant at the Chvaletice Manganese Project in the Czech Republic for testing and evaluation. Approximately 10% (1,000kg) of the demonstration plant’s planned…
Brendon Cook to step down as MD & CEO of oOh!media this year
SYDNEY: oOh! media Limited, a leading media company across Australia and New Zealand, announced Brendon Cook has indicated his intention to step down as Managing Director & CEO and from the Board during 2020. Brendon Cook will remain as MD and CEO and on the Board until the completion of a global executive search and…
CardieX engages MEDL for mobile App, SaaS, and cloud development
SYDNEY: CardieX Limited has engaged leading mobile App, and software infrastructure developer MEDL Mobile to undertake the development and design of a consumer facing App that will interface with the world’s first consumer non-invasive Central Blood Pressure Monitor (cBPM). MEDL will also develop a clinician portal that will connect clinicians and health professionals with CardieX’s…
Plukka closes public offer and acquisition of Tesoro Resources Limited
PERTH: Plukka Limited announced that its public offer of fully paid ordinary shares to raise a minimum of $4.5 million has closed, with a total amount raised of $4.63 million, and the issue of Shares under the offer is now complete. The Public Offer was conducted in connection with the Company’s acquisition of 100% of…
DWF acquires legal and managed services business, Mindcrest for $18.5mn
LONDON: DWF Group has reached a definitive agreement to acquire Mindcrest Inc., a leading legal and managed services business for US$18.5 million (£14.2m) in cash and shares, with the transaction expected to complete in the next 4-6 weeks. Initial consideration consisting of US$2.4 million (£1.8m) in cash and US$8.5 million (£6.5m) in shares will be…
Biffa opens £27.5mn PET plastic bottle recycling facility in Durham
LONDON: Biffa Plc, the UK recycler and waste management provider, opened its new £27.5 million state of the art PET plastic bottle recycling facility Wednesday in Seaham, County Durham. The facility will be officially unveiled at an opening ceremony by Henri Murison, Director of the Northern Powerhouse Partnership. Biffa’s investment in the new facility, which…