ABU DHABI, UAE: Abu Dhabi Islamic Bank (ADIB) has officially unveiled ‘Amwali’, world’s first Islamic digital proposition targeting youth between the age of 8 to 18, a news release said. Amwali is a ground-breaking proposition that brings together an entire suite of banking products and innovative technology to enable young customers to enjoy a whole…
Fusion Antibodies collaborates with Eurofins Discovery
LONDON, UK: Fusion Antibodies plc has entered into a commercial collaboration agreement with Eurofins Discovery, a leading provider of products and services to the drug discovery industry. Eurofins is a Eurofins Scientific SE (EUFI.PA) group company. Pursuant to the Collaboration, Fusion will provide comprehensive pre-clinical antibody development services from discovery, engineering, and critical reagent supply…
HydrogenPro receives purchase order from Mitsubishi Power
OSLO, NORWAY: HydrogenPro AS has received a purchase order from Mitsubishi Power for the world’s largest single stack high-pressure alkaline electrolyser system to produce hydrogen, a news release said. The companies are scaling and validating hydrogen technology to enable global efforts to decarbonize. The large single stack first-of-its-kind electrolyser system will have a capacity of…
SHUSA to buy all outstanding shares of Santander Consumer USA
MADRID: Santander Holdings USA (SHUSA) and Santander Consumer USA Holdings (SC) have entered into a definitive agreement pursuant to which SHUSA will acquire all outstanding shares of common stock of SC not already owned by SHUSA via an all-cash tender offer for $41.50 per SC common share. This transaction is followed by a second-step merger,…
Sativa Wellness signs German distribution deal for Goodbody Brand
LONDON, UK: Sativa Wellness Group has signed a distribution agreement with German partners Lexamed GMBH. This exclusive agreement will allow both parties to work together to build the Goodbody CBD brand within Germany with plans to expand this to other European countries in the future. The German market has a strong CBD market, and this…
ESB and Carrington to pay £6m for submitting inaccurate data
LONDON, UK: Between March 2019 and September 2020, ESB Independent Generation Trading Limited and Carrington Power Limited regularly submitted misleading and inaccurate data to NGESO about the minimum amount of energy the Carrington power plant could supply, Ofgem market monitoring has found (1,2,3). This caused NGESO to purchase more energy from the plant than needed,…
Spectris divests NDC Technologies to Nordson for $180mn
LONDON, UK: Spectris plc announced the divestment of its NDC Technologies business. The transaction is in line with Spectris’ strategy to simplify and focus its portfolio and is the last of the divestments identified in 2019 as part of its Strategy for Profitable Growth. Subject to the completion of the disposal, the proceeds will be…
TV launch of Harlequin’s ‘Own the Room’ campaign
LONDON, UK: Sanderson Design Group announced that its Harlequin brand will use TV advertising for the consumer launch of its Own the Room campaign, which empowers consumers to choose the best designs and colours for emotional and physical well-being. The Harlequin TV adverts will begin on 1 September 2021 on Channel 4, More 4 and…
Emirates ramps up operations, boosts connectivity across its network
DUBAI, UAE: With the recent announcements of the UAE easing entry protocols for 12 countries, and the UK adding the UAE on its ‘amber list’, Emirates is actively responding to the spike in travel demand across its network to make it easier for customers to connect to Dubai and beyond through the scaling up of…
Magseis Renewables announces two new technology pilot projects
OSLO, NORWAY: Magseis Renewables AS, a wholly owned subsidiary of Magseis Fairfield ASA, announced two new technology pilot projects for carbon capture and storage (CCS) and offshore wind in collaboration with TGS. The first project will utilize high-resolution 3D seismic acquisition in Norway at a carbon storage area to demonstrate technology for extremely detailed imaging…
NZME divests ecommerce platform GrabOne to Global Marketplace
AUCKLAND, NEW ZEALAND: New Zealand Media and Entertainment (NZME) Limited announced it has reached an agreement to sell ecommerce platform GrabOne business and assets to Global Marketplace New Zealand Limited (GMP) for NZD$17.5 million. The transaction is due to be completed no later than 31 October 2021. The agreement follows NZME’s announcement in November 2020…
Lisa McIntyre appointed to Fisher & Paykel Healthcare Board
AUCKLAND, NEW ZEALAND: Fisher & Paykel Healthcare Corporation Limited advises that Lisa McIntyre, PhD, has been appointed as a non-executive director of the company with effect from 1 October 2021. “We are pleased to announce Lisa’s appointment and look forward to the insight she will bring to the Board,” said Scott St John, Board Chair….