KARACHI, PAKISTAN: In a revolutionary move forward, Pakistan Stock Exchange (PSX) has digitised the process of listing through an online portal called PRIDE, i.e. Public Offerings Revolutionized through an Integrated and Digitized Experience. The online portal is designed to automate the listing process from end to end. Through PRIDE, Lead Managers, Advisors or Consultants can…
Getting Savvy with the Cost-of-Living Crisis
The cost of living crisis is gripping households in the UK and many are worried about how they will manage in the months to come. The cost of living is increasing at its fastest rate in 40 years with inflation currently at 9.9% making it harder for people to afford to maintain their lifestyle. This…
TotalEnergies and SARIA join forces to produce sustainable aviation fuels
PARIS, FRANCE: TotalEnergies and SARIA, a leader on the European market for the collection and valorization of organic materials into sustainable products, have concluded an agreement to develop sustainable aviation fuel (SAF) production on the Grandpuits (Seine-et-Marne) zero-crude platform. This agreement is a major step in securing feedstock supply (used cooking oils and animal fats)…
John Q. Doyle named President and Chief Executive Officer of Marsh McLennan
NEW YORK: Marsh McLennan (NYSE: MMC) announced that John Q. Doyle has been named President and Chief Executive Officer, effective January 1, 2023. Daniel S. Glaser, will retire from Marsh McLennan at year end following a decade leading the Company through a period of extraordinary growth and change. Mr. Doyle has served as Group President…
FW Thorpe buys 80% shares of SchahlLED Lighting in Germany
LONDON, UK: FW Thorpe announced the acquisition of 80% of the share capital of SchahlLED Lighting in Germany, a turnkey provider of intelligent energy saving lighting products for the industrial and logistics sector. FW Thorpe has paid an initial consideration of €14.6m (circa £12.8m) and could pay an additional amount to be determined by SchahlLED’s…
SAFEEN Feeders and Invictus Investment to launch dry bulk shipping service
ABU DHABI, UAE: AD Ports Group’s SAFEEN Feeders has signed a major agreement with Invictus Investment to launch a new international dry bulk shipping service. SAFEEN Feeders and Invictus Investment will form a joint venture to operate the service. The joint venture will be owned 51% by SAFEEN Feeders and 49% by Invictus Investment. Under…
Emirates Steel Arkan, ITOCHU and JFE Steel to create green iron supply chain
ABU DHABI, UAE: Emirates Steel Arkan (ESA), the UAE’s biggest publicly traded steel and building materials company, has partnered with ITOCHU Corporation and JFE Steel Corporation to consider the construction of a ferrous raw material production facility in Abu Dhabi that would become an integral part of a global low carbon emission iron supply chain….
Finance House partners GCC Exchange to offer WPS Payroll Solution
ABU DHABI, UAE: Finance House, one of the UAE’s leading financial institutions, has partnered with GCC Exchange to offer a world-class WPS Payroll Solution. GCC Exchange is the fast-growing money transfer and foreign exchange company in the Emirates. This partnership is in line with the UAE government’s initiative to create a fair work environment that…
ADNOC Drilling Company acquires two additional premium offshore jack-up drilling rigs
ABU DHABI, UAE: ADNOC Drilling Company PJSC has signed a Sale and Purchase Agreement (SPA) to acquire an additional two premium offshore jack-up drilling units (the rigs). The acquisition, which underpins the company’s accelerated fleet expansion and enterprising growth, is the fourth confirmed by the Company in recent months. Earlier sale and purchase agreements were…
Superloop Limited to acquire VostroNet for A$35mn
SYDNEY, AUSTRALIA: Superloop Limited (ASX:SLC) has entered into a sale and purchase agreement (SPA) to acquire VostroNet Holdings Pty Ltd, a provider of wholesale Fibre-to-the-Premises (FTTP) access networks and purpose built student accommodation broadband. The acquisition consolidates and expands Superloop’s strong managed WiFi position into adjacent On-Net broadband markets. VostroNet is a leading infrastructure owner…
Universal Store to acquire youth fashion business, Cheap THRILLS
BRISBANE, AUSTRALIA: Universal Store Holdings Limited (ASX:UNI) has entered into a binding agreement to acquire 100% of Cheap THRILLS Cycles Pty Limited (CTC), trading as THRILLS, a designer, wholesaler and retailer of casual youth fashion apparel. Universal Store has agreed to acquire 100% of THRILLS for an initial notional Enterprise Value of $50 million (on…
Inventis Limited to acquire furniture manufacturer, Open Projects Group
SYDNEY, AUSTRALIA: Inventis Limited, through a 100% owned subsidiary, has entered into a Heads of Agreement to purchase 80% of the Open Projects Group (OPG) with rights to acquire up to 100% in five years. Under the agreement Inventis Limited will pay $3.4 million in cash over 24 months and issue $200,000 of IVT Group…