LONDON: Equals Group PLC, the e-banking and international payments group, has acquired the entire issued ordinary share capital of Casco Financial Services Limited, a UK based payment services provider for £1.725 million with a potential additional consideration of £2.0 million, depending on future performance. Casco, which is regulated by the FCA as an Authorised Payment…
Sberbank and Mail.ru Group have agreed on strategic cooperation
MOSCOW: Sberbank and Mail.ru Group have agreed on strategic cooperation and signed binding paperwork to partner in mobility and food-tech. Sberbank has also signed binding documents to acquire a 36% shareholding in MF Technologies. The parties are set to leverage their expertise to boost the development of digital economy and AI-powered products in Russia. The…
Magseis Fairfield announces multi-client project
OSLO: Magseis Fairfield has entered into an agreement with an established multi-client company to participate in a multi-client project, which is expected to commence late in the first quarter of 2020. “This is the first phase of a multi-year campaign which will bring industry leading nodal acquisition and data processing to re-image a mature basin….
K2fly signs Rio Tinto for RCubed Solution
SUBIACO: K2fly Ltd announced that Rio Tinto have signed a five-year contract to implement the RCubed Mineral Resource and Reserve solution across 20 sites globally. Implementation will commence immediately. The total contract value, including initial implementation costs, is for AU$1.45 million. The RCubed solution will replace an in house system and will assist Rio Tinto…
Rex acquires pilot Academt in Ballarat, Victoria
PERTH: Regional Express (Rex) has finalised with ST Engineering the acquisition of its subsidiary Aviation Training Academy Australia Pty Ltd which owns ST Aerospace Academy (Australia) Pty Ltd (STAA(A)). STAA(A), located at Ballarat, Victoria, is a pilot academy founded over 10 years ago to provide airline cadet pilot training for global carriers. STAA(A) has over…
Vection enters software distribution agreement with Canadian App Arquela
PERTH, AUSTRALIA: ServTech Global Holdings (Vection), a multinational software company that creates 3D, Virtual Reality (VR) and Augmented Reality (AR) solutions, has entered into a software distribution agreement with Canadian marketing and business intelligence specialist App Arquela Inc. The agreement with App Arquela marks the first step of Vection’s expansion into Canada ahead of the…
Mako Gold completes RD drilling on the Tchaga Prospect
MELBOURNE: Mako Gold Limited has completed its latest RC drilling program on the Tchaga Prospect at the Company’s 224 km2 Napié Project in Côte d’Ivoire. Mako is earning up to a 75% interest in the Napié Project under a farm-in and joint venture agreement with Occidental Gold SARL, a subsidiary of West African gold miner…
Xref and CVCheck form strategic alliance for ANZ region
SYDNEY: Xref Limited and CVCheck Ltd announced the details of a strategic alliance. As a result of the agreement, Xref’s reference checks will be made available to all CVCheck users, while users of the Xref platform will be able to add multiple products from CVCheck to their verification process. Xref is a high growth business…
Arabtec wins AED 366 million project in Egypt by Emaar Misr
DUBAI, UAE: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announced that its wholly-owned subsidiary Arabtec Construction has been awarded an AED 366 million (EGP 1,608 million) contract in Greek Village by Emaar Misr for the construction of 42 townhouses, 18 residential buildings and seven bungalows, together with supporting infrastructure and landscaping….
Spark outlines next phases of its progressive roll out of 5G services
WELLINGTON: Spark New Zealand will deliver 5G wireless broadband into five more South Island heartland locations prior to Christmas, followed by further heartland communities from March 2020. A broader range of 5G services, covering both mobile as well as wireless broadband, will launch into major centres from mid 2020, subject to spectrum being made available…
GFH Financial Group posts 21% decline in earnings
MANAMA: GFH Financial Group announced its results for the third quarter and first nine months of 2019 ended 30 September 2019. For the third quarter of 2019 net profit attributable to shareholders was US$24.4 million versus US$30.9 million in the third quarter of 2018, a decrease of 21.0%, while earnings per share was US cents…
Heriot-Watt University announces ambitious move to new Dubai campus
DUBAI: Knowledge Bylanes — Heriot-Watt University is building on its commitment to deliver high quality education and research in Dubai by announcing its relocation to a brand-new campus in 2021. The University, which has operated in Dubai since 2005 and recently earned a prestigious five-star ranking from Knowledge and Human Development Authority (KHDA), has signed…