SYDENY: Identitii Limited announced that Mr. Stephen Porges has today resigned as a director of the Company, effective immediately. Stephen Porges stated: “Although I am a strong believer in the Company and its solutions, after extensive discussions it appears the role is closer to a full-time commitment. With my other obligations I feel I would…
Dubai Financial Market posts net profit of AED 137.9 million in 2020
DUBAI: Dubai Financial Market Company (PJSC) announced its results for the financial year ending 31 December 2020, posting a net profit of AED 137.9 million, a 14% growth compared to AED 120.6 million in 2019. Total revenues increased 7% to AED 337.2 million compared to AED 315.8 million. The total revenue comprised of AED 219…
Veidekke wins SEK 382 million contract in Hagastaden, Stockholm
OSLO: Veidekke ASA has received new assignments from Nordr Eiendom in the construction of the Haga Boulevard and Haga Venue residential area in Hagastaden, Stockholm. The design and build contract has a total value of approximately SEK 382 million. The new area will comprise a total of 243 apartments, and the first buyers are scheduled…
Victory Square signs agreement to acquire assets of Aspen Technologies
VANCOUVER: Victory Square Technologies Inc. has signed an agreement to acquire certain intellectual property assets of Aspen Technologies Inc., a technology company focused on building Blockchain and Cybersecurity solutions. Aspen, is best-known for its work in developing an ecosystem of hardware, software, and networking products to meet increased global consumer demand for new age technology….
ForFarmers closes previously announced acquisition De Hoop Mengvoeders
LOCHEM: ForFarmers has closed the acquisition of De Hoop Mengvoeders (De Hoop), which had already been announced on 19 October last year. The required permits have been granted by the Dutch and German competition authorities and other conditions precedent have also been met. The acquisition price comprises a fixed amount of €23 million and a…
PharmaDrug acquires Sairiyo Therapeutics in a share exchange deal
TORONTO: PharmaDrug Inc. it has completed the previously announced acquisition of Sairiyo Therapeutics Inc. on February 2, 2021. Sairiyo is a biotechnology company focused on repurposing and developing improved formulations of naturally derived compounds for serious, rare, and life-threatening diseases with the aim to obtain European Medicines Evaluation Agency and U.S. Food and Drug Administration…
Widam Food imports third shipment of livestock
DOHA- QATAR: Widam Food Company, the main importer of meat to the State of Qatar, announced receiving a shipment of Sudanese 1600 heads of livestock. This shipment is the third one and the largest imported shipment received during the month of January 2021. The Company received two earlier shipments from Australia and Sudan which makes…
NetCents signs white label agreement for Cryptocurrency Exchange
VANCOUVER: NetCents Technology Inc., a cryptocurrency payments company, has agreed to white label the NC Exchange, a news release said. Embracing the current growth of cryptocurrency, NetCents continues to expand into a cutting-edge financial hub. “The white label opportunity is fantastic for us because we have already made the massive investment required to launch an…
Perk Labs enters booming US ecommerce market
VANCOUVER: Perk Labs Inc., the parent company of Perk Hero the mobile commerce platform, announced that its app and curated lifestyle products are now available to customers in the United States. “The eCommerce market in the United States is more than ten times the size of Canada’s and represents a massive market opportunity for our…
Rexel acquires a Canadian utility distribution business from Wesco
PARIS: Rexel Group has acquired the Canadian Utility business of WESCO International, a news release said. WESCO International had sought to sell the business in connection with its Consent Agreement with the Competition Bureau of Canada regarding its merger with Anixter International, which closed in June 2020. The acquisition of WESCO Canada Utility will provide…
HUBC initials agreement with CPPA-G in furtherance of MoU
§ According to the notice by Hub Power Company Limited (HUBC) to the PSX, CPPA-G and HUBC have initialed an agreement in furtherance of the MoU signed on August 21, 2020, where the CPPA-G is expected to pay HUBC’s overdue receivables in two installments of 40% and 60% respectively, within 30 business days. § The…
LondonMetric buys £22mn of long let convenience service stations, sells kwik fit and car wash assets
LONDON: LondonMetric Property Plc has acquired £21.9 million of convenience service stations across three separate transactions reflecting a blended NIY of 5.1%. The seven assets have a WAULT of 18 years and all benefit from contractual rental uplifts. The transactions comprise: · Four modern Co-op convenience service stations in Basingstoke, Dagenham and South Wales acquired…