VANCOUVER: Tracesafe Inc. announced today a two-year wearable technology agreement with Fred. Olsen Cruise Lines on-board their fleet of cruise ships. As Fred. Olsen Cruise lines returns to cruising, TraceSafe is proud to support the cruise line’s health and safety protocols for guests and crew. The partnership will see TraceSafe’s intelligent wearable technology initially deployed…
Total and Government of Papua New Guinea remobilize Papua LNG project
PARIS: After a year of delay because of Covid-19, the Government of Papua New Guinea (PNG) and Total as operator announced the remobilization of the Papua LNG project, a news release said. A meeting took place on 3rd of May between Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea…
Pakistan Urea offtake jumped by 29%; DAP sales fall by 79% in Apr’21
Apr’21: Urea sales jumped by 29% YoY; DAP sales fall by 79% YoY During the month of Apr’21, data for provisional fertilizer offtake depicts that urea sales underwent a jump of 29% YoY to 312k tons compared to 242k tons in SPLY given lockdown imposed last year to counter COVID-19, which restricted movement across the…
Gimv increases its interest in German dentistry group GPNZ
BRUSSELS: Gimv, a European investment company, has increased its interest in GPNZ (Gesellschaft für Praxisnachfolge in der Zahnmedizin), a fast-growing, high-quality dental platform in Germany, a news release said. In addition to a significant capital increase into the company, Gimv has acquired the shares of co-investors Cannonball and co-founder Marcus Geier. The founder and CEO…
Hanwha Total Petrochemical commissioning a new polypropylene line in South Korea
PARIS: The Hanwha Total Petrochemical (HTC) joint venture is commissioning a new polypropylene line at the Daesan integrated refining and petrochemical complex in South Korea, adding a further 60% to its production capacity, which now totals 1.1 million tons a year, a news release said. At the same time, the start‑up of a fourth propane…
Pakistan Stock Exchange appoints first woman chairperson, Shamshad Akhtar
KARACHI: For the first time in the 73 year history of Pakistan Stock Exchange (PSX), a woman Chairperson has been elected on the Board of Directors. In the first meeting of the newly elected PSX Board held today, Dr. Shamshad Akhtar has been unanimously elected as the PSX Board Chairperson. This is a momentous occasion…
IDEX Biometrics & Chutian Dragon to develop Digital Currency for central bank in China
OSLO: IDEX Biometrics ASA and Chutian Dragon Co. Ltd. (CTD) announced an expansion of their ongoing collaboration to include the development of a Digital Currency/Electronic Payment (DC/EP) card based solution supporting the People’s Bank of China initiative. The new, smart card based digital wallet will be secured by IDEX’s TrustedBio(TM) fingerprint authentication technologies. IDEX is…
Playtech signs strategic software and services agreement with Holland Casino
LONDON: Playtech plc (LON: PTEC) has signed a new, expanded long-term strategic software and services agreement with Holland Casino. This agreement is a significant strategic step for Playtech and builds on its track record of developing newly regulated online markets. Holland Casino is the stated-owned, land-based casino operator in the Netherlands. It operates 14 casinos…
Financial penalty against Richard Jones
LONDON: The Financial Reporting Council (FRC) has imposed a Severe Reprimand and a financial penalty of £100,000 (reduced to £65,000 for mitigation and settlement), on Richard Jones, in respect of Misconduct relating to the actuarial advisory services he provided to the Coats Group plc (formerly known as Guinness Peat Group (GPG) during the period September…
H2 Green to supply green hydrogen to Element Two refuelling stations
LONDON: Getech Group’s (LON: GTC) subsidiary H2 Green Ltd has entered into a non-binding strategic agreement with Element Two Limited, the aim of which is to supply green hydrogen to their refuelling stations. Element Two is a UK-based developer of Hydrogen Refuelling Stations and a retailer of hydrogen fuel. The firm is investing in prime…
AEW UK REIT acquires Arrow Point Retail Park in Shrewsbury
LONDON: AEW UK REIT has acquired the 5.65 acre Arrow Point Retail Park in Shrewsbury for a purchase price of £8.35m. The established retail park is located on a busy commercial estate and is fully let. The purchase price reflects a low capital value of £88 per square foot (£1.48m per acre). The estate provides…
Edenville Energy announces new strategic investor and proposed placing of shares
LONDON: Edenville Energy Plc (LON: EDL) announced that Mr Anthony (Tony) Buckingham has agreed a £1.0 million strategic investment in the Company through the Placing of shares, giving him a shareholding of 18.5% of the Company’s issued share capital, as enlarged by the Placing. Mr Buckingham is well known in the natural resources market, particularly…