Nostrum to acquire oil & gas assets in North West Kazakhstan
LONDON: Nostrum Oil & Gas Plc, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, announced that is…
Paladin Energy to sell Kayelekera Uranium mine interest to Lotus Resources
SINGAPORE: Paladin Energy Limited has entered into an agreement to sell its 85% interest in the Kayelekera Uranium Mine in Malawi to Hylea’s subsidiary, Lotus Resources Pty Ltd. The consideration…
Investcorp European real estate assets hit €500mn following acquisition Airport Centre in Germany
BAHRAIN: Investcorp, a leading global provider and manager of alternative investment products, has completed the acquisition of Airport Centre, a multi-let office and light industrial property located in Hamburg, Germany…
Glenmark to partner with Novartis in Brazil
MUMBAI, INDIA: Glenmark Pharmaceuticals Ltd, a research‐led global integrated pharmaceutical company, announced that its Brazilian subsidiary, Glenmark Farmacêutica Ltda has entered into an exclusive partnership agreement with Novartis Biosciences S.A,…
Union Properties breaks ground on 100% pre-booked Dubai Autodrome Business Park Phase-II
DUBAI, UAE: Union Properties, a leading property developer in the UAE and the master developer of MotorCity and the UAE’s first fully integrated multipurpose motorsport and entertainment facility, Dubai Autodrome,…
Target Engineering secures AED 315 million to the Bu-Hasa contract from Tecnicas Reunidas
DUBAI, UAE: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announced that its wholly owned subsidiary, Target Engineering Construction Company secured an additional AED 315 million contract…
FBR proposes valuation rates hike in 18 cities
ISLAMABAD: The FBR has proposed hiking of valuation rates of property in 18 major cities and bringing close to fair market value for collection of taxes on transaction of real…
Carrefour selling 80% equity interest to Suning.com
PARIS: Carrefour Group announced on Sunday it had agreed to sell 80 percent equity interest in Carrefour China to the leading Chinese retailer Suning.com for $698.8 million in cash. The…