AUCKLAND: New Zealand Oil & Gas has announced is that the Amadeus Basin acquisition completed Monday. The New Zealand Oil & Gas Group announced on 25 May 2021 that it had agreed to acquire interests in three gas producing projects held by ASX-listed Central Petroleum located in the Amadeus Basin of Australia’s Northern Territory. On…
Geo Limited plans capital raising to spur growth
AUCKLAND, NEW ZEALAND: Geo Limited is raising NZ$6 million from the issue of ordinary shares priced at NZ$0.130 per share by way of a placement. Geo Limited also intends to conduct a subsequent capital raise in the coming months to enable its broader shareholder base to participate at the same price. The proceeds of the…
Gulf International Bank partners with MFME 2021
MANAMA, BAHRAIN: Mentorship Forum Middle East (MFME) 2021 announced Gulf International Bank (GIB) as a partner for its second annual forum taking place as a hybrid event (on-site and virtual) in the Kingdom of Bahrain on 11 November 2021 at the Gulf Hotel. As a forum partner, Gulf International Bank (GIB) supports regional initiatives that…
ADQ to buy 50% stake in IHC’s Eltizam Asset Management for 111.6mn
ABU DHABI, UAE: Abu Dhabi-based International Holding Company (IHC) has entered into a strategic partnership with ADQ, one of the region’s largest holding companies, for a 50% stake in IHC subsidiary, Eltizam Asset Management Group, for a total cash contribution of AED 111.6 million (through a new shares issuance). Founded in 2009, Eltizam is among…
Al Salam Bank plans to acquire group of assets from Ithmaar Holding
MANAMA, BAHRAIN: Al Salam Bank-Bahrain has signed a memorandum of understanding and entered into discussions with Ithmaar Holding to acquire a group of assets from Ithmaar Holding’s group of companies, a bourse filing said on Sunday. Al Salam Bank is keen to maintain its growth trajectory and these discussions with Ithmaar Holding on a potential…
Benefits and Drawbacks of Virtual Private Server Hosting
Server virtualization has been trending for some years now and it is a fact that it brings several advantages to all who want resource savings and more efficient IT administration. Besides, it is also a green technology. The concept of server virtualization includes taking a physical server and partitioning or separating the server by using…
UK’s CDC backs Fatima Gobi Ventures’ Pakistan-focused fund
KARACHI: CDC Group (CDC), the UK’s development finance institution and impact investor, has made an anchor investment in Techxila Fund I, a fund managed by local venture capital (VC) firm Fatima Gobi Ventures (FGV). CDC’s commitment will help to boost Techxila Fund I’s investments in Pakistan-focused early stage startups, helping to drive transformational impact and…
TotalEnergies doubles its recycling production capacity in France
PARIS, FRANCE: TotalEnergies is doubling its mechanical recycling production capacity for recycled polymers, to meet growing demand for sustainable polymers from customers, such as Automotive Manufacturer (Auto OEM) and the construction industry. TotalEnergies has inaugurated the extension of Synova in Normandy, the French leader in recycled polypropylene production. Moving the circular economy forward Plastics are…
Orano acquires Daher’s nuclear activities in Germany and United States
PARIS, FRANCE: Orano Nuclear Packages and Services (Orano NPS) has acquired Daher group’s German nuclear activities, Daher Nuclear Technologies Gmbh (DNT) and its United States subsidiary TLI Inc. The planned acquisition, which was the subject of an agreement signed on March 4, 20211, has been pending the usual authorizations, in particular with regard to foreign…
Riikka Kivimäki, CEO of Oscar Software resigns
HELSINKI, FINLAND: Riikka Kivimäki, the current CEO of Panostaja´s investment target Oscar Software, has resigned from her position and will move to other position outside the company. The Company’s Board of Directors has launched the application process for a new CEO. Riikka Kivimäki will continue in her work until the start of the new CEO,…
Akobo Minerals receives large scale gold mining license
OSLO, NORWAY: At a signing ceremony on the 30th of September 2021, Akobo Minerals received its large scale mining license from His Excellency Eng. Takele Uma – Minister for Mines and Petroleum. The award allows the company to begin mine development activities leading to eventual gold production. The ceremony at the ministry offices involved the…
DigitalX completes $1.89mn acquisition of Sell My Shares
SYDNEY, AUSTRALIA: DigitalX Limited has finalised the acquisition of Sell My Shares (www.sellmyshares.com.au), a leading online share trade execution business as announced on 16 September 2021. The company has made the upfront cash consideration payment of $1.64 million to the vendor and the deferred consideration payment of $250,000 has been transferred to a trust account…