DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announced the appointment of Waleed Al Mokarrab Al Muhairi upon his election as a new member of the Board of Directors of Arabtec Holding PJSC. He succeeds Mohamed…
DUBAI: Amlak Finance PJSC, a leading specialised Islamic real estate financier, announced a newly formed partnership with Dubai Land Department (DLD). This strategic cooperation aims at allowing customers to invest in ready and well-maintained properties listed by Amlak Finance via…
DES MOINES: Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc., announced it has executed a definitive agreement to acquire Dominion Energy’s natural gas transmission and storage business. The transaction has an enterprise value of approximately $9.7 billion….
NEW YORK: Uber has announced to have bought food-delivery service Postmates for $2.65 billion in stock. Uber is banking on food delivery to help sustain its business during the coronavirus pandemic, as demand for ride-sharing has plunged. In its first-quarter earnings…
DUBAI: The Dubai Financial Market (DFM) has announced that it is reopening its Trading Floor and Customer Affairs counters for investors as of Tuesday 7th July 2020, with the strict implementation of precautionary measures for the safety of clients and…
DUBAI: DXB Entertainments PJSC announced that the temporary suspension of theme park operations implemented in March 2020, will be extended for the summer period with the destination re-opening on 23 September 2020. The company will, in the interim, focus on…
LONDON: Zynga Inc, a global leader in interactive entertainment, has completed its previously announced acquisition of all of the issued and outstanding common shares of Peak Games, the Istanbul-based creator of Toon Blast and Toy Blast, for a total purchase…
LONDON: Ryanair has welcomed acceptance by 100% of its Irish Pilots of a 4-year agreement which includes a 20% pay reduction, restored over 4 years, along with productivity improvements on rosters, flexible working patterns and annual leave to minimise Irish…
LONDON: Gresham House Energy Storage Fund, Great Britain’s largest operational battery storage fund, announced that it has completed the acquisition of a 41MW operational energy storage facility known as Bloxwich from a group of investors led by Arenko Cleantech. This…
GENOA, ITALY: Costa Victoria announced a further pause for all its cruises until August 15th, 2020 and the cancellation of all cruises in Northern Europe for the remainder of the 2020 summer season. The decision is linked to the uncertainty…
LONDON: Victoria Oil & Gas Plc subsidiary Gaz du Cameroun S.A. (GDC provides an update on the gas sales agreement with ENEO Cameroon S.A. (ENEO). SUMMARY: GDC has unerringly supplied natural gas to ENEO at its Logbaba power plant since…
LONDON: Board of Directors of Old Mutual Limited informed shareholders that Iain Williamson has been appointed as Chief Executive Officer of Old Mutual and of Old Mutual Life Assurance Company (South Africa) Limited, effective immediately. This appointment concludes an extensive…