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…
Greencoat acquires 20.4MW Killala Community wind farm for €37.2 million
DUBLIN: Greencoat Renewables PLC the Irish renewable infrastructure company invested in euro-dominated assets has acquired Killala Community Wind Farm, a 20.4MW wind farm situated in County Mayo. The project consists of 5 Siemens 3.4MW turbines that have been operational since July 2019. An additional Siemens 3.4MW turbine is currently under construction which will bring the…
IQGeo signs $1.2 million in contracts to expand software deployment
CAMBRIDGE: IQGeo Group plc announced two new contracts worth in excess of USD1.2 million with an existing customer, increasing the number of its licensed users and purchasing IQGeo’s field data capture product. The customer is a regulated electric and natural gas utility, based in the USA serving over 700,000 electric and natural gas customers, covering…
Jadestone Energy to acquire an operated 69% interest in Maari Project for $50mn
SINGAPORE: Jadestone Energy has executed a sale and purchase agreement (SPA) with OMV New Zealand Limited, a subsidiary of OMV, to acquire an operated 69% interest in the Maari Project, shallow water offshore New Zealand for a total headline cash consideration of US$50 million, to be funded from the Company’s cash resources. Jadestone Energy is…
Roger Brown appointed CEO of Seplat Petroleum as Avuru retires
LONDON: Seplat Petroleum Development Company has announced that her pioneer Managing Director and later CEO, Austin Avuru will be retiring in July 2020 after 10 years of leading the company. In these 10 years, Mr. Avuru led the development of a strong organization, the deployment of agile systems, processes and stakeholder relationships that allowed the…
Etalon group launches new phase at Galactica
LONDON: Etalon Group Plc has launched sales for a new phase at Galactica, the largest development project in the central part of St Petersburg. Etalon is one of Russia’s largest and longest-established development and construction companies The new stage will consist of two residential buildings with heightened comfort, each with its own underground parking. The…
Entra acquires development property in Bergen
OSLO: Entra ASA has acquired the property Møllendalsveien 6-8, located in Entra’s existing property cluster and nearby Media City Bergen , for a property value of NOK 400 million. Møllendalsveien 6-8 is a 14,500 sqm office property with an annual rent of NOK 26,4 mill. The average lease contract duration is approximately 1.2 year. Entra…
Abu Dhabi Exchange prepares paper to help develop Crypto Asset platforms
ABU Dhabi: Abu Dhabi Securities Exchange (ADX) has prepared a working paper to facilitate best practice and provide recommendations for developing platforms in the Crypto Asset space. The paper outlines recommendations and best practice considerations in relation to issuance, settlement, safekeeping, asset servicing and regulation of Crypto Assets. The paper ‘Crypto Assets: Moving from theory…
Microsoft awards JBS the Licensing Solution Provider Status
KARACHI: Jaffer Business Systems Private Ltd. (JBS) is awarded with the status of Licensing Solution Provider (LSP) by Microsoft in Pakistan. The recently acquired milestone places JBS as a go-to partner for Microsoft in the country. On achieving this honor, Veqar ul Islam, Director and CEO JBS, said, “With the status of Licensing Solution Provider…