DUBAI, UAE: Gulf Navigation Holding (GULFNAV), the Dubai Financial Market listed maritime and shipping company, has acquired 40% of the Turkish Polimar Holding Company’s stake in Gulf Navigation Polimar Maritime, which is specialized in the field of Maritime Agency Services. Thus, increasing its stake from 60% to 100%. This acquisition aims to increase revenues by…
Canadian Overseas Petroleum CEO John Cowan resigns
LONDON, UK: Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, announced that John Cowan has resigned as the Chief Executive Officer of the Company but will remain on the board of directors of the Company…
IRIS Software Group secures co-controlling investment from LGP in £3.15bn deal
LONDON, UK: IRIS Software Group, a global leader in accountancy, payroll, HR and education software and services, has announced a co-controlling investment from LGP, a Los Angeles-based private equity firm, in a deal that values the company at around £3.15bn. The deal will support IRIS’s growth in the US market, where it already generates over…
TEAM plc to acquire Homebuyer Financial Services Limited (HBFS) for £2.4 million
LONDON, UK: TEAM plc has exchanged contracts to acquire the entire issued share capital of Homebuyer Financial Services Limited (HBFS), a Jersey based financial planning business, for total consideration of £2.4 million in cash. Founded in 1988, HBFS is an established Jersey based financial planning business advising local clients on investments, pensions and protection policies….
Why You Should Consider an Electric Motorcycle?
Electric motorcycles are not just a novelty or a fad. They are a smart and sustainable choice for anyone who loves riding on two wheels. Whether you want to buy, convert, or build your own electric motorcycle, you will find many benefits and advantages over conventional gas-powered bikes. In this blog, I will explain why…
How to Solve Problems Effectively: A Guide for Managers and Leaders
Problems are inevitable in life and work. No matter how much we plan ahead or anticipate the challenges, we will always encounter some difficulties that require our attention and action. Therefore, problem solving is a crucial skill for managers and leaders who need to deal with problems in their everyday tasks and projects. In this…
How to list your company on ASX
ASX is one of the world’s leading financial markets, with a total market capitalisation of over $3.5 trillion and an average daily turnover of $8.8 billion. Listing on ASX can provide your company with access to a large and diverse pool of capital, as well as a range of benefits and services that can help…
Step by step procedure of listing a company on AIM market of London Stock Exchange
AIM is a market for small and medium size growth companies, which provides them with access to a diverse set of investors and a supportive advisory community. Listing on AIM is the process of floating a company on the Alternative Investment Market (AIM), which is a sub-market of the London Stock Exchange (LSE) for smaller…
Phoenix Group to acquire a 25% stake in Lyvely Ltd
ABU DHABI: Phoenix INV Holdings, a wholly owned subsidiary of Phoenix Group PLC, has entered into a subscription and investment agreement dated 26th December 2023 to acquire a 25% stake in Lyvely Ltd. Phoenix Group is currently completing all required procedures to implement the said transaction. Lyvely Ltd is a company that provides a platform…
AstraZeneca to buy Gracell Biotechnologies for up to $1.2bn to boost cell therapy pipeline
Acquisition of Gracell completed AstraZeneca has agreed to acquire Gracell Biotechnologies, a company developing cell therapies for cancer and autoimmune diseases, for up to $1.2bn. The deal will add GC012F, a dual-targeting CAR-T therapy for multiple myeloma, to AstraZeneca’s portfolio of cell therapies. Gracell Biotechnologies will operate as a wholly owned subsidiary of AstraZeneca, with…
Empower and ASHRAE enter into a global partnership
DUBAI: Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, and the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) met in Dubai to collaboratively formulate short and long-term strategies and action plans towards the global expansion of the district cooling industry while ensuring the widespread sharing of knowledge…
GIB Saudi Arabia raises SAR 1.5 billion in debut Sukuk issuance
Gulf International Bank – Saudi Arabia (GIB KSA), a leading bank in the Kingdom, has successfully issued its first Tier 2 Sukuk worth SAR 1.5 billion under its newly established SAR 3 billion Tier 2 Sukuk programme. The Sukuk, which has a tenor of 10 years with a call option after five years, was oversubscribed…