LONDON: Gresham Technologies has completed the acquisition of the entire issued share capital of Inforalgo Information Technology Limited on 28 July 2020 for a total consideration of up to £3.6 million, comprising initial consideration of £2.3 million and deferred consideration of up to £1.3 million, a news release said. The acquisition is expected to be…
Directa Plus signs technical and commercial agreement with Italdesign
LONDON: Directa Plus, a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, has signed a technical and commercial agreement with Italdesign S.p.A, a global leader in automotive design and engineering, a news release said. Part of Volkswagen AG, Italdesign also specialises in styling, engineering, prototyping and testing…
Cloudveil forms strategic partnership with Axis Security
LONDON: Security and Risk Management Consultancy, Cloudveil Limited announced the foundation of a strategic partnership with Axis Security Services Limited, one of the UK’s leading providers of Integrated Security Solutions. The partnership will be launched with the delivery of a range of specialist consultancy services at one of Axis’s most prestigious accounts. Main platform functions…
Oracle Power and HH Private Office collaborate to explore potential mining opportunities in Africa
LONDON: Oracle Power PLC has signed a non-binding Memorandum of Understanding (MoU) with The Office of His Highness Sheikh Ahmed Dalmook Al Maktoum (HH Private Office), which will see Oracle and HH Private Office potentially partner and collaborate to explore potential mining opportunities in Africa. HH Private Office currently develops and owns various projects across…
Greenbank Capital announces its merchant banking strategy
TORONTO: GreenBank Capital Inc. has announced the restoration of trading in its shares on the Canadian Securities Exchange, and considerable progress in formulating and implementing its Merchant Banking strategy to reflect the opportunities provided by its investment in Staminier Limited. On March 11th, 2020 GreenBank acquired a 19% stake in Staminier Ltd. In addition, it…
Zwipe and Liveo Research partnering to enhance biometric payment card offering
OSLO: Biometric fintech company Zwipe and Liveo Research have partnered to offer a highly optimized route to efficient and scalable manufacturing of biometric payment cards. This is key in supporting the ongoing industrialization of the Zwipe Pay family of products. Liveo Research is a global manufacturer of rigid packaging solutions focusing on pharma packaging innovations,…
Aker Solutions gets services contract from ExxonMobil for hebron platform in Canada
OSLO: Aker Solutions has secured a five-year contract extension from ExxonMobil Canada Properties for the provision of engineering, procurement and construction (EPC) services for the Hebron platform, offshore Newfoundland. The contract is an extension for a 5-year period, starting in the summer of 2020. Aker Solutions has provided EPC services to Hebron since 2015. The…
Total announces gas discovery in shallow waters off the Egyptian coast
PARIS: Total SE, bp and Eni (as the operator) have made a gas discovery with the Bashrush well on the North El Hammad license, located eleven kilometers off the Egyptian coast. The well encountered 102 meters net gas pay in high quality sandstones of the Abu Madi formation. A production test was conducted with flow…
BH Mubasher approved as authorized participant and liquidity provider on Chimera Umbrella Fund
DUBAI: BH Mubasher Financial Services PJSC, a leading investment firm in the UAE’s financial market, was recently approved as an authorized participant and liquidity provider on Chimera Umbrella Fund, under it’s First Sub- Fund Chimera S&P UAE Shariah ETF by Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). The Chimera S&P UAE Shariah…
NortonLifeLock finalizes sale of Culver City, California Campus for $120mn
TEMPE: NortonLifeLock, a global leader in consumer Cyber Safety, has finalized the sale of its Culver City, California campus with Northwood Investors for $120 million, a news release said. “The sale of the Culver City campus is another step toward achieving our forecasted $1.5 billion in proceeds from underutilized assets,” said Natalie Derse, chief financial…
Helbiz launches e-scooters in Alexandria and Arlington, Virginia
ARLINGTON: Helbiz, a global leader in micro-mobility, has begun operating e-scooters across two cities in Virginia: Alexandria and Arlington. Starting today, 200 e-scooters will be available in Alexandria, while 100 will be available in Arlington. The vehicles will also be able to operate between these cities’ for riders’ convenience. These fleets follow the company’s successful…
Atmavireshwar Sthapak appointed MD of Alara Resources
PERTH: Alara Resources Limited announced that Atmavireshwar Sthapak has been appointed Managing Director (MD), with effect on 27 July 2020. Sthapak is an exploration geologist by profession with over 25 years global mining industry experience. Prior to working with Alara, he spent ten years with Rio Tinto and received the prestigious Rio Tinto Discovery Award….