EFG Hermes enters insurance business with proposed acquisition of Tokio Marine Egypt
CAIRO, EGYPT: EFG Hermes announced entry into a definitive sale and purchase agreement (SPA) to acquire a 75% stake in life insurance player Tokio Marine...
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...
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...
Fatfish accepts A$12.7mn offer for its Swedish subsidiary from Abelco
MELBOURNE: Fatfish Blockchain Limited (FFG) has received and accepted a A$12.7 million offer for the merger of its Swedish venture builder subsidiary Fatfish Global Ventures...
Tokai Tokyo Global Investments to invest in Singapore’s STO exchange operator ICHX
TOKYO: Tokai Tokyo Global Investments Pte. Ltd., a subsidiary of Tokai Tokyo Financial Holdings, entered into an agreement to invest $5.0 million in Singapore’s STO...
9 Spokes explores global collaboration opportunity with Visa
AUCKLAND: 9 Spokes, a leading marketplace and insights company to small businesses, has signed an addendum to its Collaboration Framework Agreement with Visa USA. Inc....
Pakistan launches official startup portal to encourage technology innovation
ISLAMABAD: Pakistan’s corporate sector regulator has launched an exclusive startup portal to encourage technology innovation in the country during the ‘Startup Grind Pakistan’ conference in...
Y-Ventures to raise S$2.0 million via proposed placement from investors
SINGAPORE: Y-Ventures Group has entered into subscription agreements for the allotment and issue of an aggregate of 24.66 million new ordinary shares in the capital...
Prosus lists on Euronext
AMSTERDAM: Euronext has congratulated Prosus (PRX), the global consumer internet group and one of the largest technology investors in the world, on its listing in...
HKEX signs MOU with Ping An Insurance Group
HONG KONG: Hong Kong Exchanges and Clearing Limited (HKEX) has entered into a memorandum of understanding (MOU) with Ping An Insurance Company of China Limited...
Alphalogic Techsys and Transpact Enterprises gets listed on BSE startups platform
MUMBAI: Alphalogic Techsys Limited and Transpact Enterprises Limited became the first companies to get listed on the BSE Startups Platform on September 5, 2019. On...
Eight Capital Partners acquires €2 million receivables
LONDON: Eight Capital Partners has completed the acquisition of a €2 million receivable as outlined in its announcement of 1 June 2019 Notice of AGM....