DOHA, QATAR: United Development Company (UDC), a leading Qatari shareholding company and the master developer of The Pearl-Qatar and Gewan Islands, has signed an agreement with Qatar National Bank (QNB) and The Commercial Bank to finance development of Gewan Island…
PARIS–(BUSINESS WIRE)– Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed the Gas Supply Agreement and the Host Government Agreement for the development of LNG market, which will include a Liquefied Natural Gas (LNG) import…
LONDON: redT energy plc, the energy storage company, is pleased to announce that it has agreed to outline terms for a proposed merger with Avalon Battery Corporation. The parties have signed a non-binding Memorandum of Understanding (MOU) and have plans…
MOSCOW – Sberbank and Mail.ru Group plan to create a leading Russian O2O (online-to-offline) services platform focused on major consumer markets, the key areas of food and transportation. Sberbank and Mail.ru Group plan to invest up to RUB 64 billion…
LONDON: Intelligent Ultrasound Group, the artificial intelligence (AI) based ultrasound software and simulation company, has entered into a collaboration with the National Imaging Academy Wales (NIAW) to develop artificial intelligence (AI) tools to aid ultrasound scanning and to enhance ultrasound…
LONDON: Hikma Pharmaceuticals, the multinational pharmaceutical company, and Gedeon Richter PLC announced the signing of an exclusive license agreement to commercialise cariprazine, a novel antipsychotic, in certain Middle East and North African (MENA) markets. Under the terms of the agreement,…
LONDON: GoCo Group plc has acquired This Is The Big Deal Limited (trading as Look After My Bills). Total consideration is comprised of £6.0 million upfront, financed through the Group’s existing resources, plus £2.5 million deferred consideration, plus up to…
LONDON: The boards of Bidco Limited and Cobham Plc have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Cobham by Bidco. The Acquisition is to be…
MOSCOW: PAO NOVATEK has announced today that the Arc7 ice-class LNG tanker “Vladimir Rusanov” completed the Northern Sea Route (NSR) passage via the Eastern direction, and delivered a cargo of LNG produced by the Company’s Yamal LNG project from the…
OLDWICK: AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aaa” of New York Life Insurance Company and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation (collectively referred to…
KARACHI, PAKISTAN: Oil & Gas Development Company Limited (OGDCL), operator of Bitrism Block has announced oil and gas discovery from its exploratory well Pandhi # 01, which is located in District Sagnhar, Sindh. The well has tested 9.12 Million Cubic…
KARACHI: Pak Suzuki Motor Company (PSMC) announced its 2QCY19 ended June 30, 2019 financial results wherein the company booked net loss of Rs545 million translating into loss per share (LPS) of Rs6.62 versus profit after tax of Rs394 million and earning…