OSLO: The Danish Medicines Agency (DMA) has authorised the clinical investigation «SWIS-02» in accordance with the executive order on medical devices. The study is a confirmatory clinical investigation to document safety and performance og SoftOx Wound Irrigation Solution (SWIS) compared to Normal Saline (NS) in a human wound model. This rapid approval by DMA is…
Bombardier reports better than expected cash usage and a new $1 billion credit facility
MONTREAL: Bombardier reported that its second quarter cash usage was approximately $500 million better than previously expected and that it has secured a commitment from investment funds and accounts managed by HPS Investment Partners, LLC to provide a three-year senior secured term loan of up to $1.0 billion. Collectively, these actions provide Bombardier with additional…
Virgin Hyperloop appoints Raja Narayanan as Chief Financial Officer
LOS ANGELES: Virgin Hyperloop announced the appointment of Raja Narayanan as Chief Financial Officer. Raja will oversee all finance and business development functions for Virgin Hyperloop as the company drives hyperloop technology towards commercialization. “Raja has an unprecedented background in creating value in disruptive transportation opportunities and operationalizing large scale industrial projects,” said Jay Walder, CEO…
Global mobile apps market poised to grow by $497.09 billion during 2020-2024
LONDON: The mobile apps market is poised to grow by $497.09 billion during 2020-2024, progressing at a CAGR of 21% during the forecast period, Technavio, a leading global technology research and advisory company, notes. This study identifies development of hybrid mobile apps as one of the prime reasons driving the mobile apps market growth during…
ShelterZoom launches DocuWalk, a blockchain-based virtual negotiating room and secure document management platform
NEW YORK: As millions around the world face the new normal of conducting routine business virtually and working remotely, ShelterZoom launches the new user-friendly blockchain-based platform DocuWalk with its innovative virtual negotiating and collaboration room. The subscription-based technology service allows all types of businesses to store documents, negotiate transactions and finalize contracts in a transparent,…
Emirates Integrated Telecommunications posts net income of AED 570
DUBAI: Emirates Integrated Telecommunications Company (EITC) reported revenues of AED 5.66 billion and a net income of AED 570 million for the first half of the year (H1 2020). The Board of Directors approved the distribution to shareholders of an interim dividend of AED 589 million, equivalent to an interim dividend per share of 0.13…
Bayer to reward growers to generate carbon credits by adopting climate-smart practices
MONHEIM: Beginning this month, Bayer will start rewarding farmers in Brazil and the U.S. for generating carbon credits by adopting climate-smart practices – such as no-till farming and the use of cover crops – designed to help agriculture reduce its carbon footprint and greenhouse gas (GHG) emissions. Bayer’s industry-leading Carbon Initiative is the result of…
Al Salam Bank partners Bahrain Bourse and Central Bank of Bahrain on new Shari’a-compliant asset-trading framework
MANAMA: Al Salam Bank-Bahrain (Al Salam Bank) has signed an agreement with the Bahrain Bourse and Central Bank of Bahrain (CBB) to offer an innovative new Shari’a-compliant brokerage service, which allows for the use of Bahrain-issued Ijara Sukuk as the underlying asset in Murabaha financing frameworks. The innovative new structure meets a growing demand for…
Stenprop acquires £19.6 million Bowthorpe Park industrial estate in Norwich
LONDON: Stenprop Limited, the UK multi-let industrial (MLI) property company, has simultaneously exchanged and completed the purchase of Bowthorpe Park Industrial Estate in Norwich, UK from Blackrock Industrial Trust for £19.6 million, a news release said. The purchase price reflects a net initial yield of 6.35%. With excellent access to the A47 and in turn…
Thomson Reuters announces two new leadership appointments to drive innovation and integration
TORONTO: Thomson Reuters announced the appointment of two key executives to the leadership team under Steve Hasker, president and CEO of Thomson Reuters. “I am pleased to welcome Kirsty Roth as our Chief Operations and Technology Officer, and David Wong as our new Chief Product Officer,” said Hasker. “As a business whose customers truly value…
EHR Resources launches exploration program in Botswana
PERTH: EHR Resources Ltd announced the formal launch of the Botswana Exploration Alliance. The Exploration Alliance Agreement was formed with Diamond Exploration Strategies Ltd (DES), a privately-owned company focused on diamond exploration in Botswana. Under the terms of the Alliance, EHR will provide funding of US$1.5 million over three years to finance exploration activities, earning…
ASG Technologies partners Ascention to bring data intelligence solution to Australian customers
NAPLES: ASG Technologies, a leading provider of solutions for the information-powered enterprise, announced its partnership with Ascention, industry leading experts in designing, implementing and supporting solutions for data, analytics and tactical planning. Data governance is a challenge facing companies around the globe. A recent survey of IT professionals found that two of the top barriers…