Pakistan’s federal cabinet has approved the Sustainable Investment (SI) Sukuk Framework, marking a significant step toward financing climate-resilient and socially impactful projects through Islamic bonds. The framework, introduced by the Ministry of Finance, enables the issuance of Green Sukuk, Social Sukuk,…
LONDON: Investment firm True is in advanced discussions to acquire a major stake in German Doner Kebab (GDK), according to Sky News. GDK, led by Chief Executive Simon Wallis, is currently part of Hero Brands, a Glasgow-based incubator specializing in food and…
LONDON: Chocolate lovers are paying significantly more for their favorite treat as global cocoa production struggles under extreme weather conditions, according to the latest inflation data. The price of chocolate has jumped 43% since 2022, according to an analysis of new figures…
HOUSTON: Kosmos Energy (NYSE/LSE: KOS) acknowledged the announcement Thursday from bp plc that the first cargo of liquefied natural gas (LNG) has been successfully loaded from the Greater Tortue Ahmeyim (GTA) LNG project, located offshore Mauritania and Senegal. The shipment was transferred…
PARIS: Capgemini has acquired Delta Capita BV and its subsidiary Delta Capita Academy BV, expanding its foothold in financial crime compliance (FCC) services. The Netherlands-based companies, part of Delta Capita Group Ltd., specialize in regulatory services including Know Your Customer…
LONDON: European logistics giant InPost has expanded its presence in the United Kingdom with the acquisition of Yodel, one of the country’s largest parcel delivery companies. The move positions InPost as the third-largest agnostic e-commerce logistics provider in the UK,…
Lyft announced Wednesday that it is acquiring mobility platform FreeNow from German automotive companies BMW and Mercedes-Benz for €175 million ($198.40 million), marking the U.S. ride-hailing company’s expansion into the European market. The acquisition will increase Lyft’s potential market, granting…
LONDON: The board of directors of Science in Sport Plc confirmed that the company has received an approach from bd-capital at a price of 34 pence per share, which may or may not lead to an offer for the entire issued and…
LONDON: AI optimization startup Inephany Ltd has raised $2.2 million in a pre-seed funding round, aiming to transform how neural networks—including Large Language Models (LLMs)—are trained and fine-tuned. The round was led by Amadeus Capital Partners, with participation from Sure…
JAKARTA: M.P. Evans Group, a producer of sustainable Indonesian palm oil, announced Wednesday that its subsidiary, PT Evans Indonesia, has agreed to acquire two Indonesian plantation companies in a $34.2 million deal. The company signed a conditional share purchase agreement…
LONDON: Barratt Redrow plc reported solid trading results for its first quarter, driven by consistent homebuyer demand and the ongoing integration of Barratt and Redrow. The homebuilder posted a net private reservation rate of 0.621 for the 13 weeks ending…
BRISBANE: QMines Limited (ASX: QML) has announced a binding agreement to acquire 100% of the Mount Mackenzie Gold and Silver Project from Resources & Energy Group Limited (ASX: REZ) for $2.485 million. The deal includes a $1 million cash payment…