MANAMA: Al Salam Bank-Bahrain last week marked the beginning of an exciting new chapter in its ongoing journey towards digitization with the launch of its new mobile banking app. The state-of-the-art app offers customers a full suite of digital banking services including digital onboarding. The new app is just the latest installment in the ongoing…
Mail.ru and Sberbank inject RUB 12 billion into O2O JV
MOSCOW: The O2O joint venture between Mail.ru Group and Sberbank focused on transportation and food has been provided with an additional RUB12bn of capital from Mail.ru Group and Sberbank on a pari passu basis. The management of the O2O JV is confident about the prospects of not only restaurant delivery, but also egrocery, dark kitchens…
Avon Rubber gets NATO supply contract
LONDON: Avon Rubber is pleased to announce that Avon Protection has been awarded a 10-year contract by the NATO Support & Procurement Agency to supply FM50 mask systems, powered and supplied air systems, filters, spare parts and accessories. Avon Protection anticipates receiving the first order under this contract shortly, with initial deliveries contributing to our…
Love Hemp reports 57% sales growth in July 2020
TORONTO: World High Life Plc announced that its wholly owned subsidiary, London-based CBD brand, Love Hemp Limited reports a 57% growth in sales in July 2020 over June 2020. “The wellness industry isn’t showing any signs of slowing down. What we have witnessed is an increased consumption of CBD during the pandemic, and we expect…
Randall & Quilter to acquire Inceptum Insurance Company
LONDON: Randall & Quilter Investment Holdings Ltd. (R&Q) announced that its wholly owned subsidiary, Randall & Quilter II Holdings Limited, has signed an agreement to acquire the entire issued share capital of Inceptum Insurance Company Limited. Inceptum was incorporated in England & Wales in 1998. The Company was placed into run-off in September 2009 and…
Kazatomprom to flex down uranium production by 20% through 2022
LONDON, UK: JSC National Atomic Company (Kazatomprom) announced its intention to continue flexing down production by 20% through 2022, compared to the planned levels under Subsoil Use Contracts. The Company is also maintaining its 20% reduction against Subsoil Use Contracts in 2021, with no additional production planned to replace volumes lost in 2020, which was…
DP world acquires feeder and regional trade operators adding Scale to Unifeeder’s logistics platform
DUBAI, UAE: Unifeeder, through its Unifeeder ISC platform announced the acquisition of Transworld Feeders FZCO, Avana Logistek Ltd (including its subsidiary Avana Global FZCO), and Transworld Feeders Pvt. Ltd. (the containerized Indian coastal and EXIM feeder shipping operations of Shreyas Shipping and Logistics Ltd, excluding vessels and bulk operations). Transworld Feeders FZCO and Avana Global…
Heritage Cannabis partners Cannahive to produce edible cannabis infused products
TORONTO: Heritage Cannabis Holdings Corp. has signed a term sheet to enter into a two-year joint venture with Cannahive Inc., to produce cannabis infused edible products under Heritage’s brands to be sold to the provincial and territorial boards as well as licensed retailers in Canada. Cannahive provides experienced manufacturing management services and will contribute a…
C21 Investments names Bruce Macdonald as Chairman of the Board
VANCOUVER: C21 Investments Inc. announced that it has named current director, Bruce Macdonald, to the role of Non-Executive Chairman of the Board. He has been a director on the Board since 2018. “The appointment of Bruce marks an important milestone in the ongoing evolution of C21,” said Sonny Newman, President and CEO of the Company….
Zwipe and Smart Technology Services ramp up collaboration to industrialize Zwipe Pay ONE
OSLO: Biometric fintech company Zwipe and Smart Technology Services (STS) have expanded their previously announced partnership to support the industrialization of dual interface biometric payment cards using Zwipe Pay ONE platform. Headquartered in France, STS is a leading player in the development of industrial manufacturing equipment specifically for the production and personalization of smart cards….
Adventures of Tintin mobile game is ready to launch globally on Google Play
COPENHAGEN: 5th Planet Games announce that the “Adventures of Tintin” Match 3-style mobile game is ready to launch globally on Google Play as an Open Beta. The Google Play Open Beta launch begins today with the game will available in the Google Play Store under the “Early Access” section. The game will be available in…
Baltic Sea Properties hands over logistics terminals to Delamode and Oribalt
OSLO: Baltic Sea Properties (BSP) announced that its two new logistics terminals in Vilnius now have been handed over to their respective tenants, Delamode and Oribalt. “We are very pleased to have finalized the terminals according to our schedule, in spite of challenging working conditions during the months since the outbreak of the Covid-19 pandemic….