KUWAIT CITY: KIPCO – Kuwait Projects Company (Holding) – has announced the completion of its merger by amalgamation with Qurain Petrochemical Industries (QPIC). The merged entity is now trading on Boursa Kuwait under a single ticker, KPROJ. Marking the completion of the transaction, all QPIC shares have been transferred to KIPCO following an in-kind capital…
Kumho Petrochemical partners with Technip Energies
OSLO, NORWAY: Agilyx ASA, a technology company that enables customers to recycle the most challenging post-use plastics to high value, virgin-equivalent products, announced that Kumho Petrochemical (Kumho) and Technip Energies (T.EN) have signed an MOU to produce recycled styrene (RSM) using its patented conversion technology. This MOU follows the previous announcement of an RSM project…
Scott and Caterpillar to develop system to support stationary charging of electrified machines
AUCKLAND, NEW ZEALAND: Scott Technology (NZX:SCT) signed agreement with Caterpillar to develop an automated connection system to support stationary charging of electrified machines. Scott Technology’s expertise in this space derives from its Robofuel product, which successfully automates the traditional diesel refuelling process of mining vehicles. Under the collaboration, Scott will apply this proprietary technology to…
Zanaga Iron Ore Company to acquire Glencore Projects’ controlling shareholding
LONDON, UK: Zanaga Iron Ore Company Limited (AIM: ZIOC) announced that an agreement has been reached with Glencore Projects, for the acquisition of Glencore Projects’ controlling shareholding in the Project, located in the Republic of Congo through the purchase of Glencore Projects’ 50% plus one share interest in Jumelles, an entity which indirectly holds the benefit of…
SEEIT announces energy efficiency solutions investment in New York
LONDON, UK: SDCL Energy Efficiency Income Trust (SEEIT) has signed an agreement to finance the design, acquisition and installation of energy efficiency solutions across various buildings in the US for BlocPower Energy Services 2 LLC, a wholly owned subsidiary of leading energy efficiency developer BlocPower LLC, through a 10% participation in a US$80m loan facility….
Luc Baqué appointed new CEO of Alpha FMC
LONDON, UK: The Board of Alpha FMC announced that Luc Baqué, currently Global Head of Asset & Wealth Management Consulting at Alpha, is appointed Chief Executive Officer with effect from 1 April 2023. Alpha FMC (AIM: AFM) is a leading global provider of specialist consultancy services to the asset management, wealth management and insurance industries….
Jadestone Energy acquires remaining 10% interest in Lemang production sharing
SINGAPORE: Jadestone Energy plc, an independent oil and gas production company focused on the Asia-Pacific region, has acquired the remaining 10% interest in the Lemang production sharing contract onshore Indonesia. As a result, Jadestone’s interest (pre local government back-in rights) in the Lemang PSC has increased to 100%. The 10% interest has been acquired through…
Smartshares Limited to acquire QuayStreet Asset Management for $31.25 million
AUCKLAND, NEW ZEALAND: Smartshares Limited, a wholly owned subsidiary of NZX Limited has signed an agreement to acquire the management rights of QuayStreet Asset Management Limited from Craigs Investment Partners for total upfront consideration of $31.25 million. In addition, NZX has entered into a product support and distribution agreement with Craigs under which NZX and…
Philip Brown appointed Chairman of Greenfern Industries Limited
AUCKLAND, NZ: Philip Brown has been appointed Chairman of NZX listed medicinal cannabis company Greenfern Industries Limited. The role was vacated by Brent King who announced his resignation on 31 October 2022. Mr Brown holds a significant shareholding in and has been an independent non-executive director of the Company since 12 July 2021. “I am…
Invictus Investment procures fleet of refrigerated trucks
DUBAI, UAE: Invictus Investment (ADX: INVICTUS) announced the capital expenditure of AED 2.8 million to procure a fleet of over 8 refrigerated trucks to enable movement of perishable goods between Sudan, UAE and Saudi Arabia. The purpose-built vehicles will transport key items such as chilled meat of lamb, beef, and goat along with fruits. This…
Depa secures hospitality projects worth approximately AED 157 million
DUBAI, UAE: Depa Plc, the leading global interior solutions group, announced project awards worth approximately AED 157 million through Depa Interiors – Depa’s Middle East key business unit specialising in the provision of interior solutions to the hospitality, residential, commercial, and transport and civil infrastructure sectors. Depa Interiors secured a AED120 million hospitality package within…
Al Salam Bank and Visa sign exclusive partnership agreement
MANAMA, BAHRAIN: Al Salam Bank recently announced the signing of an exclusive partnership agreement with Visa, renewing its collaboration with the global payments technology company. This follows Al Salam Bank’s acquisition of select assets from Ithmaar Holding, including the consumer banking business of its wholly-owned subsidiary, Ithmaar Bank. The strategic agreement aims to provide enhanced…