AUCKLAND: Cavalier Corporation Limited announced that its Bremworth carpet business has secured a $1.9 million grant from the Ministry for Primary Industries (MPI), as part of MPI’s Sustainable Food and Fibre Futures (SFFF) investment programme. The grant will be used by Bremworth to help co-fund its $4.9 million research programme to build capability and support…
Mercury NZ and Powering Australian Renewables agree to upgrade offer for Tilt acquisition
SYDNEY, AUSTRALIA: Mercury NZ Limited and Powering Australian Renewables (PowAR) agreed to increase their offer for all the shares of Tilt Renewables Limited to NZ$8.1 per share from NZ$7.80. Mercury NZ Limited and Powering Australian Renewables (PowAR) agreed to amend the Scheme Implementation Agreement (the SIA) with Tilt Renewables Limited entered into on 14 March…
Facebook to launch new business discovery process
NEW YORK: Facebook will enable stories scheduling for both Facebook and Instagram, along with a new business discovery process from the News Feed. “People already discover businesses while scrolling through News Feed, and this will make it easier to discover and consider new businesses they might not have found on their own,” Facebook in an…
FPCCI creates Policy & Research Board headed by Younus Dagha
KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has formed a Policy & Research Board comprising of top-level economic, business, trade, and industry experts. FPCCI is the apex representative body of the business, industry, and trade community of Pakistan. The Policy & Research Board of FPCCI is mandated to provide research-based expert input…
S&P revises Oman Insurance’s outlook to positive on improved operating performance
DUBAI: Oman Insurance Company is assigned a positive outlook by S&P Global Ratings, based on improved operating performance while affirming an A- rating, a news release said. The rating agency also reaffirmed the capital adequacy of Oman Insurance above the AAA level based on their risk-based capital model. According to S&P, the positive outlook indicates…
Adobe co-founder Dr. Geschke passes at 81
SAN JOSE: Adobe (Nasdaq:ADBE) shares the passing of the company’s beloved co-founder, Dr. Charles Geschke. Dr. Geschke passed away on Friday, surrounded by his family. Dr. Geschke co-founded Adobe in 1982 with Dr. John Warnock, a colleague from Xerox. Their first product was Adobe PostScript, a pivotal technology that sparked the desktop publishing revolution. Dr….
Sanofi completes acquisition of Kiadis Pharma
AMSTERDAM: Sanofi has completed the acquisition of Kiadis, a clinical-stage biopharmaceutical company developing next generation ‘off-the-shelf’ NK cell-therapies, a news release said. Kiadis’ proprietary platform is based on allogeneic or ‘off-the-shelf’ NK-cells from a healthy donor. NK-cells seek and identify malignant cancer cells and have broad application across various tumor types. The platform has the…
Zeepay Ghana acquires Mangwee Mobile Money in Zambia
LUSAKA: Zeepay, the leading African Challenger Fintech with operations in over 10 African countries has acquired a 51 percent stake in Mangwee Mobile Money in Zambia, a news release said. In a private placement Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to Zeepay. The deal makes Zeepay Ghana the…
YCharts forms partnership with United Planners Financial Services
CHICAGO: YCharts has formed a new partnership with United Planners Financial Services, a news release said. United Planners’ more than 450 affiliated financial advisors will have access to YCharts’ tools to research investment opportunities, build portfolio strategies, and communicate insights to their clients and prospects. Financial advisors will have access to YCharts’ full suite including…
Hileman Cowley and LLJ Ventures sell Comcast Esports Studio to Nuveen
LOS ANGELES: Hileman Cowley Partners and LLJ Ventures announced the sale of Comcast Esports Studios to Nuveen. Located in the heart of the Burbank / Glendale Media Triangle, Comcast Esports Studios, now under construction, will be a state-of-the-art production, streaming, and broadcast facility. Equipped with two sound stages, two production studios, open working areas, outdoor…
Mochi.Market partners with Plasm Network
SINGAPORE: MochiLab’s Mochi.Market will partner with Plasm Network to build a Polkadot version of its multi-chain NFT DEX ecosystem, a news release said. Mochi.Market aims to solve three important challenges in the NFT marketplace including lack of liquidity, lack of monetization strategy for NFT holders, and lack of cross-chain usage between NFTs and fungible tokens…
AmCham members tour Mueller Middle East
MANAMA, BAHRAIN: Members of the American Chamber of Commerce in Bahrain (AmCham) enjoyed a tour of Mueller Middle East (MME), the first and only Copper Tube manufacturing facility in the MENA region. MME produces tailor made seamless and inner grooved copper tubes for Air Conditioning and Refrigeration Original Equipment Manufacturers. MME serves customers across the…