Genel receives payment for KRI oil exports
LONDON: Genel Energy plc announces that the Taq Taq partners have received a gross payment of $6.7 million from the Kurdistan Regional Government (KRG) for oil sales during August 2019.…
Amlak announces approval for its debt restructuring
DUBAI, UAE: Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, announced that it has achieved 95% approval on its debt restructuring terms. The remainder 5%…
Banks to electronically submit foreign exchange related cases through SBP online portal
KARACHI: Two core departments of State Bank of Pakistan (SBP) related to forex operations i.e. Exchange Policy Department (EPD) & Foreign Exchange Operations Department (FEOD) have recently arranged series of…
Smartwatch launched based on poLight TLens
HORTEN: poLight ASA announced that its TLens product is being used in a smartwatch for children launched to market on 7th January 2020. The OEM is undisclosed. The watch has…
Shelf Drilling closes transaction on Maersk completer jack-up rig
OSLO: Shelf Drilling Ltd has completed the purchase and acceptance of the Maersk Completer jack-up rig, a notice issued to Oslo Stock Exchange noted. The rig has been renamed Shelf…
EcoGraf partners FBI CRC
PERTH: EcoGraf Limited has formalised a Participant Agreement with the Future Battery Industries Cooperative Research Centre (FBI CRC) based at Curtin University, Perth. The $135 million FBICRC aims to position…
JPO Digital partners with LifeWave to lead social media strategy
SAN DIEGO–(BUSINESS WIRE)–LifeWave has partnered with digital and social media strategy firm JPO Digital to increase its presence in the online space. The focus over the coming months will be…
ASA Pakistan gets NOC to transform into microfinance bank
AMSTERDAM: ASA Pakistan Ltd., a lending company and ultimate 100% subsidiary of ASA International Group plc, has received a no objection certificate (NOC) from State Bank of Pakistan (SBP) to…
David Moskowitz appointed Vice President at Verona Pharma
LONDON: Verona Pharma plc has announced the appointment of David Moskowitz to the newly created position of Vice President, Capital Markets Strategy & Investor Relations. Moskowitz will oversee the Company’s…
Knights Group acquires ERT Law Limited for £1.8 million
LONDON: Knights Group Holdings, one of the UK’s fastest growing legal and professional services businesses, has agreed to acquire the entire issued share capital of ERT Law Limited (ERT) for…
Imdex completes Flexidrill acquisition
SYDNEY: Leading global Mining-Tech company, Imdex Limited has completed the acquisition of Flexidrill and its patent protected technologies, COREVIBE™ and MAGHAMMER™, following payment of NZ$3 million cash. Commenting on the…
Fuji Xerox to end technology agreement with Xerox Corporation
TOKYO–(BUSINESS WIRE)–Fuji Xerox Co., Ltd. has come to a decision to end the Technology Agreement with Xerox Corporation on the agreement’s expiration date, March 31, 2021, and notified Xerox Corporation…
Dechra to acquire worldwide rights to the Osurnia from Elanco Animal Health
LONDON: Dechra Pharmaceuticals has agreed terms to acquire the worldwide rights to the Osurnia product portfolio from Elanco Animal Health Incorporated for a total consideration of USD 135 million. The…
Seeing Machines launches FOVIO for NCAP
LAS VEGAS: Seeing Machines, an industry leader in AI-powered driver monitoring system (DMS) technology, has launched a variant of its FOVIO Driver Monitoring (FOVIO) Chip solution which has been developed…
WOQOD’s opens 97th petrol station
DOHA: As part of WOQOD’s ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel “WOQOD” opened Baaya Petrol Station, and by this it raised its…
AdaptHealth acquires Patient Care Solutions business from McKesson Corporation
PLYMOUTH MEETING–(BUSINESS WIRE)–AdaptHealth Corp., the third largest provider of home medical equipment (HME) in the United States, has closed the previously announced acquisition of the Patient Care Solutions business from…
Gresham House sells material battery storage development project for £32.8 million
LONDON: Gresham House Plc, the specialist alternative asset manager, has sold its first material battery storage development project to Gresham House Energy Storage Fund for £32.8 million. The 49MW battery-only…
ReAssure completes Quilter UK Heritage book acquisition
LONDON: ReAssure Group has confirmed the completion of the acquisition of Quilter plc’s Heritage life and pensions division, Old Mutual Wealth Life Assurance Limited. The transaction is expected to generate…
CPI Inflation clocks in at 12.6% for December 2019
KARACHI: Consumer Price Index (CPI) for the month of December 2019 rose 12.6 percent as compared to a similar increase of 12.7 percent registered in November 2019. On a MoM…
Pandion Energy sells stake in Duva oil and gas field
OSLO: Pandion Energy has sold 10% non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 636B to Solveig Gas Norway AS. The Duva oil and…