By Reuters Staff
2 Min Read
TOKYO (Reuters) - Tokyo Gas Co Ltd and 14 other Japanese companies that use city gas have formed an alliance to enhance the use of carbon neutral liquefied natural gas (LNG) to help tackle climate change, they said on Tuesday.
Carbon neutral LNG typically involves companies supporting projects that reduce emissions to compensate for emissions generated from exploration and production.
The move, which comes as carbon reduction targets tighten around the world, may encourage global gas producers to offer cleaner supplies.
Members of the new Carbon Neutral LNG Buyers Alliance come from various industries and include Toshiba Corp, Isuzu Motors Ltd and Mitsubishi Estate Co Ltd.
By Reuters Staff
3 Min Read
DUBAI (Reuters) - Jabal Omar Development Company, one of Saudi Arabia’s largest-listed property developers, has secured 1.6 billion riyals ($427 million) in loans from Banque Saudi Fransi backed by a Finance Ministry guarantee, it said in a bourse filing.
FILE PHOTO: A general view picture shows the Kaaba as Muslim pilgrims keep social distance while performing their final Tawaf, marking the end of Haj pilgrimage amid the coronavirus disease (COVID-19) pandemic, in the holy city of Mecca, Saudi Arabia August 2, 2020. Sultan Al-Masoudi/Handout via REUTERS.
The company, which posted five consecutive quarterly losses to the end of September 2020, operates the Jabal Omar complex of hotels and residential and commercial property within walking distance of the Grand Mosque in the Muslim holy city of Mecca.
7 Min Read
LONDON (Reuters) - With its striking facade, Palazzo delle Poste in the heart of Milan is one of the more elegant office spaces in Europe, hosting the likes of JPMorgan and Italy’s first ever Starbucks outlet.
FILE PHOTO: Palazzo Broggi, also known as Palazzo delle Poste, is seen in Milan, Italy, February 24, 2021. REUTERS/Flavio Lo Scalzo
Having lain empty for part of 2020 as the COVID-19 pandemic sent office workers home, the early 20th-century building was sold this month to a group of private investors coordinated by Italy’s Mediobanca for 246.7 million euros ($293.3 million), 27 million euros above the original asking price.
Emerging Towns & Cities Singapore Ltd (ETC) on Tuesday requested that trading in its shares be suspended and the real estate developer said it would conduct a review of its contracts with Myanmar government ministries and departments.
By Reuters Staff
2 Min Read
FILE PHOTO: Makkah Mall, one of the shopping malls operated by Arabian Centres, is pictured in Makkah, Saudi Arabia, April 17, 2019. REUTERS/Waleed Ali
DUBAI (Reuters) - Saudi Arabian retailer Fawaz Abdulaziz Alhokair has agreed to buy a minority stake in e-commerce platform VogaCloset, it said on Wednesday, seeking to boost its online presence.
Alhokair said it will acquire 25.5% of the share capital in the UK-based e-commerce company, with the 68.9 million riyal ($18.4 million) transaction funded through its own resources.
“This deal will allow Alhokair to gain access to a leading international website with a strong position and presence in the Middle East and Saudi Arabia to strengthen its brands and bring it closer to its customers,” Alhokair said in a bourse statement.