MANAMA, BAHRAIN: GFH Financial Group (GFH) has bought a US-based warehousing and distribution logistics facility situated in Ohio and fully leased to FedEx Inc. in a transaction valued at approximately US$100 million. This is part of GFH’s logistics and industrial…
DUBAI, UAE: Emirates is ramping up its operations and expanding services across its network to meet strong leisure travel demand over the summer, as entry restrictions ease for travelers, a news release said. The airline has been gradually and safely…
KARACHI, PAKISTAN: Facebook is expanding its women-empowerment focused initiative, ‘SheMeansBusiness’ to bolster financial inclusion and resiliency of women-led businesses in Pakistan, a news release said. Implemented in partnership with State Bank and the USAID Small and Medium Enterprise Activity (SMEA),…
PARIS, FRANCE: Korian S.A, the leading European care services group for elderly and fragile people, has entered exclusive talks to acquire the Osny psychotherapy centre. This modern facility is located within a multi-discipline hub that features a number of healthcare…
OSLO, NORWAY: Marcon Gruppen AB, a wholly owned subsidiary of Endúr ASA, has during the past month won several marine infrastructure contracts in Sweden, worth a total of SEK 53 million. A total of nine new contracts have been entered…
TRONDHEIM, NORWAY: Ørn Software has signed an agreement to acquire the Finnish Real Estate Software-as-a-Service (SaaS) company Rapal, thus expanding into Finland. The acquisition of Rapal represents Ørn Software’s first step into Finland, a news release said. “Through the acquisition…
LONDON, UK: The CMA has opened a formal probe into Amazon and Google over concerns that they have not been doing enough to combat fake reviews on their sites. In this next phase of the work, the Competition and Markets…
LONDON, UK: Kanabo Group Plc, London-based medical cannabis R&D company, in partnership with Pure Origin Group, has completed its first EU-GMP production line. This production marks the end of the Company’s pilot sales and preludes a full product launch within…
PARIS, FRANCE: TotalEnergies and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021, a news release said. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30…
BRIDGEWATER, N.J: Synchronoss Technologies Inc. intends to offer and sell $100 million of shares of its common stock in an underwritten public offering, a news release said. Synchronoss also expects to grant the underwriters a 30-day option to purchase up…
KARACHI, Pakistan: In a recent development, Morgan Stanley Capital International (MSCI) has proposed to reclassify Pakistan into MSCI Frontier Markets (MSCIFM) from MSCI Emerging Markets (MSCIEM). “MSCI has been artificially maintaining Pakistan’s stature in Emerging markets since the country has…
VANCOUVER, B.C: Lucara Diamond Corp. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets under which the underwriters have agreed to buy on bought deal basis 29.4 million common shares at a price of…