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….
Dubai Financial Market (DFM) appoints Hassan Al Serkal as Chief Executive Officer
DUBAI: The Dubai Financial Market (DFM) Company (PJSC) today announced that its Board of Directors has approved during its meeting today, Monday 27th July 2020 the appointment of Mr. Hassan Al Serkal as the DFM’s new Chief Executive Officer (CEO) with immediate effect. Mr. Al Serkal will lead DFM’s strategic development efforts during the coming…
Cellmid signs agreement with Tru Beauty for distribution of évolis Professional in USA
SYDNEY: Cellmid Limited has signed, via its wholly owned US subsidiary, Advangen LLC., an agreement with Tru Beauty Concepts Inc. for the exclusive distribution of the évolis Professional branded anti-aging hair care products in salons in the Northeast of the US, commencing 1 August 2020 with an initial term of five years. Tru Beauty is…
Intel deploys new executive team to lead company’s technology organization
SANTA CLARA: Intel CEO Bob Swan announced changes to the company’s technology organization and executive team to accelerate product leadership and improve focus and accountability in process technology execution. Effective immediately, the Technology, Systems Architecture and Client Group (TSCG) will be separated into the following teams, whose leaders will report directly to the CEO: Technology…
Dubai Financial Market posts 21% increase in net profit for 1HFY20
DUBAI: Dubai Financial Market (PJSC) announced its financial results for the first half of the year ending 30 June 2020, registering a 21% increase in its net profit to AED 78.9 Million compared to AED 65.1 Million during the corresponding period of 2019. The net profit of the second quarter of 2020 reached AED 44.2…
COVID-19: Pfizer and BioNTech commence pivotal Phase 2/3 global study
NEW YORK: Pfizer Inc. and BioNTech SE announced the start of a global (except for China) Phase 2/3 safety and efficacy clinical study to evaluate a single nucleoside-modified messenger RNA (modRNA) candidate from their BNT162 mRNA-based vaccine program against SARS-CoV-2. After extensive review of preclinical and clinical data from Phase 1/2 clinical trials, and in…
CML Group acquiring Skippr Invoice Finance to enhance technology capability
PERTH: CML Group Limited has entered into a binding agreement to purchase 100% of the shares in Skippr Invoice Finance for an initial payment of $2.25m via a mix of cash and scrip at CML’s election. A maximium transaction price of $6.5m is payable if all earn-out hurdles (a substantial multiple of current funding volumes)…
Rio Tinto reveals maiden resource at Winu and new discovery
LONDON: Rio Tinto has disclosed the maiden Inferred Mineral Resource at the 100% owned Winu copper-gold project and revealed the discovery of a new zone of gold dominant mineralisation approximately 2 km east of the Winu deposit in the Paterson Province of Western Australia. The Inferred Mineral Resource, reported at a 0.2% copper equivalent cutoff,…
Cleo expands global reach into Australia through partnership with Ajna Consulting
SYDNEY: Cleo and Ajna Consulting announced a new partnership that will help companies in supply chain-dependent industries in Australia optimise their business operations through deployment of Cleo Integration Cloud, Cleo’s flagship cloud integration platform. Cleo provides market-leading solutions that enable ecosystem integration at scale, offering a true API integration and EDI platform delivered on the…