DUBAI: Due to the COVID-19 pandemic and the Javits Center turning into a makeshift hospital Messe Frankfurt has decided to take the Texworld summer edition show to a virtual platform with the aim to support the sourcing community through these unprecedented times. The transition to a virtual event for the summer edition reinforces the fierce…
Huawei to emphasize 5G’s role in post-pandemic economic growth and Middle East’s digital transformation
BEIJING: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, will host this year’s SAMENA Council Leaders’ Summit for the seventh consecutive year. The 2020 event, which is organized by SAMENA Telecommunications Council, is set to take place on9th July, with leaders from multiple country clusters to participate virtually….
Mail.ru Group GDRs start trading on the Moscow Exchange
MOSCOW: Mail.ru Group Limited announced that its Global Depositary Receipts (GDRs) have started trading on the Moscow Exchange, having been included in the Level 1 List. Commenting on the event Boris Dobrodeev, CEO (Russia) of Mail.ru Group, said: “Today’s listing on the local exchange marks a major milestone in our history as a public company,…
Logitech International nominates Hasbro’s Deborah Thomas to Board
NEWARK: Logitech International outlined a number of proposals, approved and recommended by its board of directors, on which it will ask shareholders to vote at the Company’s 2020 annual general meeting (AGM). Logitech also announced a new director nominee and new Group Management Team member. Logitech’s board of directors will ask shareholders at the 2020…
MVB Mortgage and Intercoastal Mortgage combine to become leading mortgage banking operations in Mid-Atlantic
FAIRMONT: MVB Mortgage and Intercoastal Mortgage have become one of the largest independently owned residential mortgage lending operations in the Mid-Atlantic Region: Intercoastal Mortgage, LLC (ICM). MVB Financial Corp. and its wholly-owned subsidiary MVB Bank announced that the Bank’s subsidiary Potomac Mortgage Group has completed a combination with Intercoastal Mortgage Company, a Van Metre Company….
Maxar Technologies completes $140 million acquisition of Vricon Inc.
WESTMINSTER: Maxar Technologies announced that it has completed its previously announced acquisition of 3D data and analytics firm Vricon, Inc., for approximately $140 million, or approximately $115 million net of estimated cash at closing. Vricon is a global leader in satellite-derived 3D data for defense and intelligence markets, with software and products that enhance 3D…
C&W Communications expands its B2B operations in the Cayman Islands
MIAMI: C&W Communications announced the acquisition of IT Outsource Ltd. (ITO), a leading Managed Service Provider (MSP) in the Cayman Islands. Founded in 2004, IT Outsource provides IT managed and support services, cloud back-up, security services and enterprise hardware and software solutions focused on clients in the financial services, insurance, government and tourism sectors. ITO…
HOF Village and Gordon Pointe jointly form Hall of Fame Resort & Entertainment Company
CANTON: HOF Village LLC, the owner of the multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame in Canton, Ohio, announced the completion of its previously announced business combination with Gordon Pointe Acquisition Corp (GPAQ). The resulting company is named Hall of Fame Resort & Entertainment Company and its common…
Omega’s ELISA antibody test approved for sale in India
LONDON: Omega Diagnostics, the medical diagnostics company, announced that its CE-Marked Mologic ELISA antibody test has been approved for testing of COVID-19 in India. Approval for sale remains conditional on the submission of supporting technical data and the Company is confident that this submission will be successful, and that Omega will be able to sell…
Global Ports Holding appoints Jan Fomferra as Chief Financial Officer
LONDON: Global Ports Holding, the world’s largest independent cruise port operator, announced the appointment of Jan Fomferra as Chief Financial Officer. Jan has a significant level of financial experience gained across a range of sectors, having worked at various in-house corporate finance functions and in a corporate finance advisory capacity for much of his career….
Gamma Communications acquires 80pc stake in HFO Holding for €20.4 million
LONDON: Gamma Communications plc, a leading technology-based provider of communications services, announced that it has acquired 80% of the issued share capital of HFO Holding AG (HFO) on 1 July 2020, and has an option to acquire the remaining 20% over the next three years. The acquisition is expected to be earnings enhancing immediately from…
VR Education announces launch of ENGAGE Mobile
LONDON: VR Education, a leading virtual reality (VR) technology company focused on the education and enterprise training space, announced the launch of ENGAGE Mobile, an android phone and tablet supported version of the Group’s proprietary VR communications, events and training platform. As notified on 16 June 2020 in the Group’s final results announcement, the ENGAGE…