Serica Energy awarded 100% interest in UK petroleum licence
LONDON: Serica Energy (UK) Limited has received an Out of Round award of a 100% interest in the UK petroleum licence P2501, blocks 3/24c and 3/29c. These are located in…
Pakistan Customs, Tax, Shipping & Business News Resource
LONDON: Serica Energy (UK) Limited has received an Out of Round award of a 100% interest in the UK petroleum licence P2501, blocks 3/24c and 3/29c. These are located in…
LONDON: Resolute Mining Limited has signed a Power Supply Agreement (PSA) with globally leading power generation provider, Aggreko plc for the development of the new solar hybrid modular power station…
KARACHI: The National Accountability Bureau (NAB) Karachi has initiated investigations into the reported corruption and misuse of authority by Chairman Fishermen’s Cooperative Society and others. NAB has advised Chairman Hafiz…
LONDON: Euskaltel, the leading converged telecommunications provider in the North of Spain, has announced a new agreement giving it long-term access to Orange’s fibre network covering 14 million households and…
LONDON: Ferguson Plc has announced the appointment of Simon Oakland as interim Chief Executive Officer (CEO) of Wolseley UK. Simon replaces Mark Higson, who is stepping down to pursue an…
LONDON: Bank of Georgia Group’s subsidiary, JSC Bank of Georgia has signed a EUR 50 million loan facility with European Investment Bank (EIB) with the maturity of up to 7…
DUBAI: The General Assembly Meeting (GAM) of Dubai Islamic Bank (DIB) has approved the recommended acquisition of Noor Bank. The acquisition cements DIB’s position as one of the world’s largest…
OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of First Guard Insurance Company. The outlook of these Credit…
KARACHI: Country’s overall textile exports clocked in at $1.17 billion in November 2019, up 7.03 percent as against exports of $1.09 billion in the same month last year as all…
KARACHI: In order to facilitate the corporate entities for raising foreign currency (FCY) loans from abroad and further improve the business environment in the country, State Bank of Pakistan has…
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan partly hears 32 Special Custom references filed by Collector…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) signed Memorandums of Understanding (MOU) with five leading universities to promote financial literacy among youths. SECP’s Commissioner Investor Education Department, Shaukat…
LUXEMBOURG: Subsea 7 S.A. announced the award of a sizeable contract by Offshore Oil Engineering Co. (COOEC), for CNOOC’s Lingshui 17-2 Gas Field Development Project – Steel Catenary Risers Installation…
STAVANGER: A high-end offshore accommodation player named Macro Offshore is created, as the merger between Master Marine and Crossway Holdings has received all customary approvals and has now been completed…
OSLO: Europes largest small-scale hydro power company, Småkraft AS, has appointed Terje Vedeler as new Chief Executive Officer (CEO). Chairman of the Board Tor Syverud states: “I am pleased to…
KARACHI: Special Investigation Unit (SIU) of Directorate of Customs Intelligence & Investigation Karachi has detected a mega scam running in billions of rupees. One Muhammad Abdullah, owner of M/s Cosmos…
MALTA: Neurotech International Limited signed Holy Stone Healthcare as the exclusive distributor in Taiwan. Holy Stone Healthcare was established in Taipei in January 2001 and is committed to developing lifesaving…
ADELAIDE: Core Lithium Ltd has announced the strategic acquisition of a new lithium project in the Northern Territory. Core has acquired the Walanbanba Lithium Project-located within and adjacent to Core’s…
AUCKLAND: Vista Group International Limited will open a new Sales and Support Office in Kuala Lumpur, Malaysia in early 2020. With 49% Enterprise market share (cinemas with more than 20…
LONDON: Primary Health Properties PLC, the UK’s leading investor in modern primary healthcare facilities, has acquired a standing let investment property situated in Bolton and has also contracted with a…