DUBAI: Al Mal Capital has successfully raised AED 350 million in the initial public offering (IPO) of units in Al Mal Capital REIT, its newly founded entity, having closed the subscription period on 8th December 2020. Al Mal Capital, the fund Manager, received SCA’s approval to float Al Mal Capital REIT and list its units…
Smart Radar System attracts $10 million global strategic investments
SEONG-NAM CITY: Smart Radar System Inc., a leader in image radar technology for automotive and industrial applications, has succeeded in attracting 11.2 Billion Korean Won ($10+ million USD) in investments from domestic and foreign venture capital and strategic investors. Despite the decline in corporate activities due to the COVID-19 pandemic, Smart Radar System Co., Ltd….
Fitch affirms QIIB strong rating at ‘A’ with a stable outlook
DOHA: Global credit rating agency Fitch published the Qatar International Islamic Bank (QIIB)’s full rating report which demonstrating the same QIIB’s strong rating at ‘A’ with a stable outlook. This is based on the Bank’s financial statements at the end of the third quarter of 2020, which attests to the fact that QIIB has maintained…
GFH acquires Roebuck, a specialised logistics & real estate asset manager in the UK
DUBAI: GFH Financial Group (GFH) has acquired a majority stake in Roebuck Asset Management, UK , a UK and European logistics and business space focused real estate asset manager. Roebuck, which was founded in 2009 by Hugh Macdonald-Brown and Nick Rhodes, has managed assets with a total investment value exceeding £1.4 billion covering over 15…
Luxxfolio to buy 590 bitcoin miners for $1.17 million
VANCOUVER: Luxxfolio Holdings Inc. through their wholly owned subsidiary Luxxfolio Network Inc. has placed an order for 590 bitcoin miners with an aggregate operating hash power of 53.1 Petahash (PH) per second. The cost of the Assets is approximately USD$1,990 per unit or USD$1.174 million and will be purchased through an asset backed lending (ABL)…
State Administration for Market Regulation China investigates Alibaba
HANGZHOU: Alibaba Group Holding Limited announced that it received a notice of investigation from the State Administration for Market Regulation (SAMR) of the People’s Republic of China. The Notice states that the SAMR has commenced an investigation pursuant to the Anti-Monopoly Law of the People’s Republic of China. “We will actively cooperate with the SAMR’s…
COVAXX and Aurobindo Pharma announce COVID-19 vaccine partnership
HAUPPAUGE: COVAXX, a U.S. company developing UB-612 a multitope peptide-based vaccine to fight COVID-19, announced an exclusive agreement with Aurobindo Pharma to expand its global development and commercialization of UB-612 to India and the United Nations Children’s Fund (UNICEF) agency. “COVAXX is committed to providing an equitable distribution of UB-612 vaccine by prioritizing markets where…
ChrysCapital-backed Infogain acquires AI & analytics pioneer Absolutdata
LOS GATOS: Infogain, a Silicon Valley-based leader in human-centered digital platform and software engineering services, announced its acquisition of Absolutdata, a San Francisco Bay Area-based AI and Advanced Analytics company serving Global 500 clients. Absolutdata’s award-winning NAVIK AI platform and 300 world-class data scientists will significantly enhance Infogain’s ability to engineer superior business outcomes for…
IXICO Plc
IXICO Plc (AIM: IXI) is dedicated to delivering insights in neuroscience. The purpose is to advance medicine and human health by turning data into clinically meaningful information, providing valuable new insights in neuroscience and our goal is to be a leading proponent of artificial intelligence in medical image analysis. IXICO will achieve this by developing…
Allied Minds plc
Allied Minds plc (LSE: ALM) is an IP commercialisation company focused on early stage company development within the technology sector. With origination relationships that span US federal laboratories, universities, and leading US corporations, Allied Minds historically created, and now manages and funds, a portfolio of companies to generate long-term value for its investors and stakeholders. …
Rostelecom
Rostelecom is the largest integrated digital services and products provider, operating in all segments of the telecommunications market in Russia. The Company serves millions of households, state and private enterprises across the country. Rostelecom is Russia’s undisputed market leader, providing high-speed Internet access and pay-TV. The total number of broadband users stands at over 13.4…
SDCL Energy Efficiency Income Trust plc
SDCL Energy Efficiency Income Trust plc is the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Since IPO, SEEIT has made nine investments and commitments in a diversified portfolio of distributed generation and energy efficiency projects totalling c.£500 million. The projects are primarily located in the UK, Europe…