DUBAI, UAE: As part of its endeavors to update its shareholders and for transparency and disclosure purposes and in accordance with regulatory requirements, Union Properties PJSC, one of the most notable developers in Dubai, now updates on the arbitration claim filed by one of its subsidiaries. The total estimated amount included in the subsidiary’s claims…
PIA receives delivery of A320 aircraft
KARACHI: Pakistan International Airlines (PIA) has received delivery of the second A320 aircraft acquired on dry lease. The A320 aircraft reached Islamabad airport from Paris. CEO PIA, Air Marshal Arshad Malik congratulated the airline officials on the induction of the aircraft. He said that new version of fuel efficient aircraft will further improve PIA service….
Puma Alpha VCT announces £20 million fundraising offer
LONDON, UK: Puma Alpha VCT has expressed intention to launch a fundraising offer to raise upto £20 million. “Puma Alpha VCT announced its intention to launch a new offer for subscription in November 2021 to raise up to £15 million with an over-allotment facility of up to a further £5 million,” a bourse filing said….
Huawei Arab Innovation Day 2021
RIYADH, KSA: Held under the theme of “Collaboration to Drive Innovations in the Arab World,” Huawei Arab Innovation Day 2021 witnessed landmark keynotes and discussions led by ministerial and senior leaders from the Arab governments, regional and international ICT organizations, and high-level technology stakeholders from different verticals and industries. The opening keynote was delivered by…
ProAxsis announces the approval of a key US patent
LONDON, UK: NetScientific plc’s wholly owned subsidiary ProAxsis Limited has received approval of a key US patent for the underlying technology associated with its brand-new K-POSTN Assay, which it intends to launch shortly. This is a significant step towards measuring bone health with a new innovation for patients at high risk of osteoporotic fractures. In…
EnQuest completes acquisition of Golden Eagle Area Development
LONDON, UK: EnQuest Plc has completed the acquisition of a 26.69% non-operated equity interest in the Golden Eagle Area Development. As the acquisition constitutes a reverse takeover under the Listing Rules, the admission of the Company’s ordinary shares to the premium listing segment of the Official List maintained by the Financial Conduct Authority (FCA) and…
LEDGER and LACROIX to produce component of Nano cryptoasset wallet
PARIS, FRANCE: LEDGER and LACROIX have decided to join forces to produce a key component of the world’s best-selling cryptoasset wallet, LEDGER’s Nano, a news release said. LEDGER is a world leader in securing digital assets, and LACROIX is the French leader in industry 4.0. The current situation in relation to the democratization of cryptoassets,…
Scandi Standard appoints Jonas Tunestål as new MD and CEO
STOCKHOLM, SWEDEN: The Board of Directors of Scandi Standard (SCST SS) has decided to appoint Jonas Tunestål as new managing director and CEO. Tunestål is currently CEO of KLS Ugglarps and Executive Vice President of Danish Crown. Interim managing director and CEO Otto Drakenberg will remain with Scandi Standard until Jonas Tunestål joins the company…
Location Sciences selling data and insights business to Digital Envoy
LONDON, UK: Location Sciences has entered into an agreement to sell its insights dashboard and four contracts pertaining to its location data and insights business to Digital Envoy Inc. a leading US IP intelligence company for a cash consideration up to $0.7 million. Digital Envoy will pay the Company $575,000 on closing and an additional…
Ecofin U.S. commits $49 million Whirlwind acquisition
LONDON, UK: The Board of Ecofin U.S. Renewables Infrastructure Trust announced the contractual commitment of $49 million acquisition, which will be funded by a combination of the remaining net proceeds from the IPO and from the newly established Revolving Credit Facility. The closing of the acquisition of a 60 MW operating wind asset (Whirlwind) will…
Ventyx prices upsized $151.5 million IPO
LONDON, UK: RTW Venture Fund Limited’s portfolio company Ventyx Biosciences Inc. announced pricing of an upsized $151.5 million initial public offering (IPO) and admission to trade on Nasdaq Global Market under ticker “VTYX”. Ventyx is a clinical-stage biopharmaceutical company advancing a pipeline of novel small molecule therapeutics with a best-in-class potential for patients with inflammatory…
Bank of Ireland to acquire performing loan and deposits of KBC Group
LONDON, UK: Bank of Ireland has entered into a binding agreement with KBCI and KBC Group for the acquisition of c.€8.81 billion of performing mortgages, c.€0.1 billion of performing commercial and consumer loans and c.€4.4 billion of deposits. Bank of Ireland will acquire the performing mortgages for 103.6% of par value, representing the fair value…