PARIS–(BUSINESS WIRE)—Total S.A. and Qatar Petroleum have further strengthened their international partnership by signing agreements under which Qatar Petroleum will farm into Total-held exploration acreage in Namibia, Guyana and Kenya. Following completion of the transactions, which are subject to approval…
LONDON: Cairn Homes plc, the leading Irish homebuilding company, announced the forward sale of 282 multifamily private rental sector (PRS) apartments at The Quarter in Citywest to Urbeo for a total cash consideration of €94 million. The 282 units, across…
MADRID: The general shareholders’ meeting has given the green light to the merger by absorption of Bricor (the absorbed company) by El Corte Inglés (the absorbing company), in line with the plans filed before the commercial registry. The merger is…
MEXICO CITY: AM Best has assigned a stable market segment outlook to Bolivia’s insurance industry, based on healthy growth, robust solvency ratios and a sufficient appetite from reinsurers. In a new Best’s Market Segment Report, titled, “Market Segment Outlook: Bolivia Insurance Industry,”…
HONG KONG: AM Best views South Korea’s non-life insurers as being in a better position than their life counterparts to weather the impact of the International Financial Reporting Standards 17 (IFRS 17) accounting standard and K-Insurance Capital Standard (K-ICS) solvency…
SINGAPORE: Singapore Technologies Engineering Ltd (ST Engineering) announced that its subsidiary, ST Engineering North America, has set up a US$1.5 billion U.S. Commercial Paper Program, guaranteed by ST Engineering. Under this U.S. Commercial Paper Program, ST Engineering may from time…
DOHA: Qatar Fuel Company (WOQOD) and Shell Lubricants signed an agreement over the supply of finished premium lubricants. Under the agreement, Shell will provide WOQOD engine lubricants over a five-year period. The agreement was signed at the WOQOD office by…
PERTH, AUSTRALIA: Woodside Energy has notified that on 25 August 2019 the Greater Enfield Project produced first oil through the Ngujima-Yin floating production storage and offloading vessel (FPSO). Greater Enfield Project was approved in 2016, to develop the Laverda Canyon,…
BAHRAIN: Al Salam Bank-Bahrain, the pioneering Shari’a-compliant bank in the Kingdom of Bahrain, posted a net profit attributable to shareholders of BHD 12.31 million (USD 32.62 million) for the first half of 2019; reflecting a 30 % increase over the…
TOKYO: Nomura Securities Co., Ltd., a wholly owned subsidiary of Nomura Holdings, has signed a memorandum of understanding (MOU) with San-in Godo Bank, Ltd. and its wholly owned subsidiary Gogin Securities to explore a comprehensive business alliance aimed at providing…
LONDON: Kodal Minerals, the mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali has announced the completion and lodging of the Environmental and Social Impact Assessment (ESIA) for the proposed open pit mining and processing…
LONDON: Pakistan’s leading exploration and production (E&P) company, Oil and Gas Development Company (OGDCL) has notified that as per information received from MOL, the operator of TAL Block, hydrocarbons have been encountered in Development well Makori Deep-02, which has been…