KARACHI: Malaysian authorities have approved two Pakistani establishments for exporting meat and its allied products to Malaysia, which would open a new meat export market for the country, Trade Development Authority of Pakistan (TDAP) said. Pakistan exports around four percent…
SINGAPORE: Frasers Property AHL Limited has established an AUD 2 billion Multicurrency Debt Issuance Programme, which is unconditionally and irrevocably guaranteed by Frasers Property Limited. In connection with the Programme, the Issuer has appointed Oversea-Chinese Banking Corporation Limited and Australia…
SINGAPORE: Singapore Exchange (SGX) and the Intellectual Property Office of Singapore (IPOS) have partnered to launch the Intangible Disclosure Evaluation and Audit Scheme (IDEAS) programme exclusively for SGX-listed companies and companies preparing for a listing. The programme aims to raise…
LONDON: Yew Grove REIT, which owns a diversified portfolio of Irish commercial property assets, has completed the acquisition of a portfolio of six office buildings at Millennium Park, Naas, County Kildare. The purchase price for the portfolio is €25.3 million,…
LONDON: Mediclinic International, a diversified private healthcare services group, announced that its Mediclinic Southern Africa division has received approval for its proposed acquisition of a controlling share in Matlosana Medical Health Services Proprietary Limited, based in Klerksdorp in the North-West…
LONDON: Hg Capital Trust, Europe’s leading software investor, has entered into an agreement to acquire stakes from Keensight Capital and Pléiade Venture in smartTrade Technologies, a leader in multi-asset electronic trading solutions, headquartered in Aix-en-Provence, France. David VINCENT, CEO &…
LONDON: Midwich Group Plc has acquired the entire issued share capital of Starin Marketing, a specialist value-add audio visual (AV) distributor in the US for an enterprise value of up to $46.1 million (£35.7m), consisting of a $27.1 million (£21.0m)…
OSLO: Grieg Seafood ASA has signed Share Purchase Agreements (SPA) for the acquisition of Grieg Newfoundland AS in Newfoundland, Canada. The Newfoundland project includes exclusivity for salmon farming in Placentia Bay, which has a farmable area bigger than the Faroe…
LONDON: Insurance sector rating agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” with stable outlook to Kuwait Insurance Company. The ratings reflect KIC’s balance sheet strength, which AM…
BEIJING: Advocating for uniform standards that support cybersecurity risk mitigation, Huawei joined top government, business, and academic leaders from the Middle East this week at the Global Cybersecurity Forum held in Riyadh, Saudi Arabia. Andy Purdy, Huawei’s Chief Security Officer…
DUBAI: The Commercial Bank of Dubai (CBD) has reported 20.5% increase in net profit to AED 1.4 billion for the 2019 full year. The result was delivered on the back of broad based business improvements aligned with the bank’s strategy….
CALGARY: Touchstone Exploration Inc. announced that flowback testing of the first stage of the Cascadura-1ST1 well has been completed, confirming that the well is a significant liquids rich natural gas discovery. Paul Baay, President and Chief Executive Officer, commented: “The…