PARIS, FRANCE: GenSight Biologics, a biopharma company that develops gene therapies for eye and brain disorders, announced today that it has secured enough cash to operate until mid-February 2024, thanks to cost-cutting measures and ongoing negotiations with some business partners…
RIYADH: Sure Global Tech Co., a leading provider of technical solutions and services, announced that it has signed an open framework agreement with the Ministry of Investment, KSA, to develop the services and applications of technical investment systems. The agreement,…
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….
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…
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….
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…
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…
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…
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…
DUBAI: As the official and exclusive sponsor of Informa Markets exhibitions, Al Salam Bank has launched a special campaign for all attendees of the Autumn Fair, which runs from 21 to 29 December 2023. The campaign aims to enhance the…
Accenture, a global professional services company, has announced the acquisition of Customer Management IT and SirfinPA, two Italian IT consultancies that specialize in justice and public safety solutions for the public sector. The deal will enhance Accenture’s ability to help…
Bristol Myers Squibb (BMY) announced today that it has agreed to acquire Karuna Therapeutics (KRTX), a biopharmaceutical company focused on psychiatric and neurological disorders, for $330 per share in cash, or $14 billion in total. “There are tremendous opportunities in…