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S.Africa’s Northam Platinum raises $118 million with medium time period word placement – NEWPAPER24

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S.Africa’s Northam Platinum raises $118 million with medium time period word placement

2019-04-16 09:56:22

Mine employees are seen on the Northam Platinum’s Zondereinde mine in Limpopo province, South Africa, June 9,2016. Newpaper24/Siphiwe Sibeko

JOHANNESBURG (Newpaper24) – South Africa’s Northam Platinum stated on Tuesday it had positioned a 1.65 billion rand ($118 million) home medium time period word and would use preliminary proceeds to repay different notes in problem.

The miner stated the non-public placement of the notes fell beneath its 2 billion rand home medium time period word programme and the paper has one- two- and three-year maturities.

($1 = 14.0200 rand)

Reporting by Tanisha Heiberg; Modifying by Kirsten Donovan

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Saudi Arabia, UAE grant $three billion of assist to Sudan – NEWPAPER24

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Saudi Arabia, UAE grant $three billion of assist to Sudan

2019-04-21 13:09:07

DUBAI (Newpaper24) – Saudi Arabia and the United Arab Emirates have granted Sudan $three billion in assist, Saudi state information company SPA mentioned on Sunday.

The grant features a $500 million deposit into Sudan’s central financial institution, whereas the remainder shall be within the type of meals, medication, and petroleum merchandise, SPA mentioned.

Reporting by Maha El Dahan, Writing by Nafisa Eltahir; Enhancing by Mark Potter

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Dubai Expo 2020 driving UAE logistics sector – NEWPAPER24

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Dubai Expo 2020 driving UAE logistics sector

2019-04-21 12:28:24


The build-up to Dubai’s hotly anticipated Expo 2020 is driving a increase within the UAE’s logistics centre, in keeping with consultants from Dubai-based Gulf Pinnacle Logistics.

With 19 months left for the inauguration of Expo 2020, 56 p.c of all contracts have gone to SMES, whereas 26,000 firms from 150 nations have utilized to be concerned within the occasion.

“With overseas firms get contracts within the UAE, they want skilled assist of logistics specialists with extensive native and worldwide networks to maneuver their set-up and gear to the Gulf nation,” mentioned Shailesh Sprint, chairman of Dubai-based Gulf Pinnacle Logistics.

“Contractors of Expo 2020, which is awfully massive in magnitude, subsequently depend on respected and skilled logistics gamers to turn into their strategic and operational companions,” he added.

Rodney Viegas, the CEO of Abdulmuhsen Delivery LLC (AMS) and So Protected Logistics LLC, two portfolio firms owned by GPL, famous that the elevated momentum of Expo 2020 preparations has led the UAE to rank first within the area and third globally within the 2019 Agility Rising Markets Logistics Index.

“[Logistics] is witnessing a enterprise increase, when different sectors are observing gradual development,” he mentioned. “Expo 2020 is predicted to drive the logistics and provide chain phase even additional and cement the UAE’s place as a worldwide chief in logistics.”

For all the newest transport information from the UAE and Gulf nations, comply with us on Twitter and Linkedin, like us on Fb and subscribe to our YouTube web page, which is up to date each day.



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The Chinese language builders to observe in Singapore – NEWPAPER24

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The Chinese language builders to observe in Singapore

2019-04-21 05:30:17




CSC Land Group SingaporeThis subsidiary of China Building (South Pacific) Improvement Co Pte Ltd (CCDC), a regional department of the China State Building Engineering Company (CSCEC), is behind Twin VEW at West Coast Vale. It received the residential land parcel with a prime supply of S$292 million (US$215.5 million) in 2017, outbidding eight others, together with Chinese language builders Nanshan Group and MCC Land.CSCEC, a 60-year-old Beijing-based building firm, is ranked third largest within the…

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