Corporate World

Tech Mahindra Ltd., a specialist in digital transformation, consulting and business reengineering today announced the audited consolidated financial results for its fourth quarter and year ended March 31, 2019

With the completion of “Great Move” to its brand new home base, Istanbul Airport, one of the most significant cornerstones of the Turkish aviation history, Turkish Airlines will open five passenger lounges available for Business Class, Miles & Smiles Elite Plus & Elite, Star Alliance Gold and Corporate Club passengers.

Gemfields is pleased to announce the results of an auction of higher quality rough emeralds held in Singapore from 14 – 17 May 2019. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.

thyssenkrupp has appointed Volker Hellberg as the new Country CEO of thyssenkrupp Industrial Solutions in Saudi Arabia. Volker Hellberg has a long track record in the Middle East and has been with thyssenkrupp since 2015. He succeeds Thomas Dreiling who moves to Germany as Head of the Operating Unit Cement Plants.

The Financial Markets Tribunal (FMT) has affirmed a decision by the Dubai Financial Services Authority (DFSA) to withdraw the licence of Royal Shield Ltd to carry on Financial Services in or from the Dubai International Financial Centre (DIFC).  The DFSA withdrew the licence on the grounds that the firm is no longer fit and proper to hold the financial services licence. The firm disputed the DFSA’s original decision and referred it to the FMT for review. In a decision dated 8 May 2019, the FMT dismissed the reference and affirmed the DFSA’s decision.