DOHA: Mazaya Real Estate Development is considering a strategic partnership with Ariane Real Estate to develop part of the Ariane City project located in Mesaimeer, where the Company had reached an advance stage of studying this partnership. The project is under implementation and is expected to complete phase 1 by the second half of 2021…
Deyaar posts net profit of AED 8.5 million for 1H2020
DUBAI: Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, announced its financial results for the first half of 2020. The company reported revenues of AED 174.5 million and net profit of AED 8.5 million for the six months ending 30 th June 2020. In its meeting on Wednesday, 12…
SunRice’s CopRice acquires Riverbank Stockfeeds’ dairy and beef business
PERTH: The SunRice Group’s CopRice subsidiary, which produces stockfeed and companion animal products, has signed a purchase agreement to acquire the dairy and beef business of Riverbank Stockfeeds, a Victorian-based producer of livestock products. The acquisition includes Riverbank’s feed mill at Leongatha, and dairy business across Gippsland and south west Victoria. The acquisition provides an…
DAMAC reports loss of AED 387 million for 1H 2020 due to Covid 19 and adverse business conditions
DUBAI: DAMAC Properties Dubai Co. announced financial results for the first half of 2020, reporting total revenue of AED 2.4bn vs AED 1.9bn in 1H 2019. Booked sales for the period stood at AED 1.05bn vs AED 1.77bn for the similar period last year. Gross profits for the period stood at AED 563mn (1H 2019:…
Fiji Kava signs major agreement with Blackmores owned Bioceuticals
BRISBANE: Fiji Kava Ltd, an Australian-Fijian medicinal kava health and wellness company, announced a non-exclusive licence agreement with BioCeuticals, a Blackmores-owned company, to develop a co-branded product for release in Australia and New Zealand. The agreement will see BioCeuticals licence the use of Fiji Kava’s high quality noble kava extract for its BioCeuticals Clinical AnxioCalm…
Panoply Holdings wins two digital and data transformation projects worth £4.8 million
LONDON: The Panoply Holdings PLC, the technology-enabled services group focused on digital transformation, announced two significant contracts signed with HM Land Registry by Group companies FutureGov and Notbinary. The two contracts were awarded to FutureGov and Notbinary in response to separate bids placed on the Government’s digital marketplace and are worth a value of up…
Full Circle Fiber acquires Noble Resources
TAMPA: Noble Resources Corporation has been acquired by Full Circle Fiber Partners, an affiliate of Mill Point Capital. Noble will continue to operate independently under its new name, Noble Broadband LLC, a news release said. Under Full Circle, Noble will continue to expand its leadership in communications and utility infrastructure services, specializing in aerial and…
Portmeirion Group acquires remaining 50% equity in Portmeirion Canada
LONDON: Portmeirion Group PLC has acquired the remaining 50% of the issued share capital of Portmeirion Canada Inc. from Royal Selangor Inc. This purchase means the Group now owns 100% of the issued share capital of Portmeirion Canada, a news release said. As part of the acquisition, key licence distribution agreements in the Canadian marketplace…
Class Limited agrees to acquire Smartcorp for $4.2 million
PERTH: Class Limited, a developer of application software, has announced the execution of an agreement to buy 100% of the shares in Assuriti Pty Ltd (Smartcorp) for $4.2 million, adjusted for net assets. The transaction comprises an upfront cash payment of $2.73 million on completion, plus $1.47 million in Class shares escrowed for 18 months….
Facedrive partners with Russell Wilson and Jason LeeKeenan founded Tally Technology
TORONTO: Facedrive Inc., a Canadian tech ecosystem, has completed a sign-and-close definitive agreement to partner and invest in Tally Technology Group Inc., a white-label, free-to-play sports predictions platform founded by Superbowl-winning quarterback Russell Wilson and Jason LeeKeenan. Tally’s sports prediction platform was spun out of TraceMe, a celebrity social media company founded by Wilson and…
Airtel Africa forms strategic partnership with Standard Chartered Bank
LONDON: Airtel Africa, a leading provider of telecommunications and mobile money services, announced a strategic partnership with Standard Chartered Bank, a leading international banking group, to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. Standard Chartered and Airtel Africa will work together to co-create new,…
SmartSpace sells its Enterprise software business for £4.6 million
LONDON: SmartSpace Software plc, the leading provider of ‘Integrated Space Management Software’ for smart buildings and commercial spaces, has completed the sale of its Enterprise software business (Enterprise) to Four Winds Interactive UK Limited, a subsidiary of Four Winds Interactive. SmartSpace has received an aggregate cash consideration of £4.6 million, subject to adjustment following completion…