Mahindra’s Auto Sector sells 43,721 vehicles during April 2019
MUMBAI: Mahindra & Mahindra Ltd., a part of the USD 20.7 billion Mahindra Group, announced its auto sales performance for the month of April, 2019, which stood at 43,721 vehicles,…
Wesfarmers proposes to acquire Kidman Resources for $776 million
SINGAPORE: Wesfarmers Limited has entered into a Process and Exclusivity Deed with Kidman Resources in relation to its proposal to acquire 100 percent of the outstanding shares in Kidman for…
Qatar Petroleum awards drilling service contracts for the mega project of North field expansion
DOHA, QATAR: Gulf International Services (GIS) announced that Gulf Drilling International, a wholly owned subsidiary of GIS, has been awarded contracts by Qatar Petroleum to provide six premium jack up…
Companies listed on QSE post a combined net profit of QR 10.5 billion
DOHA, QATAR: All listed companies at Qatar Stock Exchange (QSE) have disclosed their financial statements results for the 1st quarter ended March 31, 2019, whereby their combined net profits declined…
Deyaar Development posts net profit of AED 18.3 million for Q1 2019
DUBAI, UAE: Deyaar Development (Deyaar), one of Dubai’s leading property developers and real estate service providers, announced its financial results for Q1 2019, ended 31 March 2019, reporting revenues of…
Tabreed’s Q1 2019 net profit Increases 3% to AED 80 million
ABU DHABI, UAE: National Central Cooling Company (Tabreed), the leading UAE-based regional district cooling utility company, released its 2019 first quarter consolidated financial results, whereby net profit attributable to the…
Emaar and P&O Marinas launch AED 25 billion Riviera style costal destination in the heart of Dubai
DUBAI, UAE: Emaar, the developer of global icons that add to the pride of the nation, is building the world’s new sailing destination by the historic Dubai Creek near BurDubai/Deira,…
AM Best affirms credit ratings of Dubai Insurance Company
LONDON: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Dubai Insurance Company (DIC), UAE. The outlook of these…
Tracsis plc completes acquisition Bellvedi Limited
LEEDS, UK: Tracsis, a leading provider of software and services for the rail, traffic data and wider transport industries, has acquired the entire issued share capital of Bellvedi Limited.Bellvedi is…
Westminster Group announces acquisition of Euro Ops SRL France
LONDON: Westminster Group Plc, a leading supplier of managed services and technology-based security solutions worldwide, has announced the acquisition of the entire issued share capital of French aviation security and…
Centaur completes disposal of HR business to DVV Media International
LONDON: Centaur Media Plc, an international provider of business information and specialist consultancy, announced that it completed the sale of Centaur Human Resources Limited.Centaur Human Resources Limited, whose brands include…
TP Group acquires of Sapienza Consulting Holding
LONDON: TP Group, the specialist services and engineering group, has announce the acquisition of the entire issued share capital of Sapienza Consulting Holding BV for an initial cash consideration of…
OptiBiotix to launch SlimBiome Medical to the EU market at Vitafoods Europe 2019
LONDON: OptiBiotix Health Plc, a life sciences business developing compounds to tackle obesity, high cholesterol and diabetes, is to commercially launch its innovative weight management solution SlimBiome Medical to the…
HSBC ETFs PLC launches HSBC MSCI Saudi Arabia ETF
LONDON: The Board of Directors of HSBC ETFs PLC has announced the launch of HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF.The sub-fund will aim to replicate the performance of…
London Stock Exchange Group posts 5% income growth for Q1 2019
LONDON: The London Stock Exchange Group observed good overall performance against challenging market backdrop during the quarter ended March 31, 2019, as Group’s total income surged 5.0% to £546 million.The…
Investment Holding Group signs contracts worth over 265 million Riyals
DOHA: As a part of its strategy to achieve the best returns for its shareholders, Investment Holding Group (IHG) announced the conclusion of various project and maintenance contracts, through its…
Saudi Stock Exchange gains 5.5% in April; capitalization reach SAR 2.186 trillion
RIYADH: The Saudi Stock Exchange (TADAWUL) remained positive during April 2019 with Tadawul All Share Index (TASI) closing the month at 9,304.20 points, up 484.76 points or 5.50% over the…
DFM reinforces its leading role in promoting best practices of ESG integration amongst market participants
DUBAI, UAE: As part of its leading role amongst regional exchanges promoting international best practices in capital market sector, the Dubai Financial Market (DFM) has organized a workshop about businesses’…
Customs values of Chocolate Spread determined
KARACHI: Directorate of Customs Valuation Karachi has determined the Customs values of Chocolate Spread vide Valuation Ruling No. 1361-2019.It was brought to the notice of the Directorate that the values…
Customs values of Polyester Filament Yarn revised
KARACHI: Directorate of Customs Valuation Karachi has revised the Customs values of Polyester Filament Yarn vide Valuation Ruling No. 1362/2019.Earlier the customs values of the polyester filament yarn were determined…