VANCOUVER: AgraFlora Organics International’s wholly owned subsidiary Farmako GmbH has executed the binding supply agreement with ZenPharm Ltd, a subsidiary of Zenabis Global Inc, a news release said. Pursuant to the Supply Agreement, ZenPharm will supply EU-GMP quality medical cannabis flower cultivated by Zenabis to Farmako for distribution to medical cannabis patients in Germany. The…
Mydecine forms special committee for the spin out of US related assets
DENVER: Mydecine Innovations Group Inc. has formed a special committee to evaluate a number of options to increase shareholders value, a news release said. Topics that the special committee will discuss include, but limited to, a potential spin out of certain company assets. Currently, the company owns and operates a number of growing US assets…
Fenestration Digital has chosen InfernoAR for five virtual trade show events in 2020/21
VANCOUVER: NexTech AR Solutions announced that Fenestration Digital, one the UK’s leading construction & media platforms, has chosen InfernoAR for five virtual trade show events in 2020/21 contracted at over $280,000. The events will have sponsorship opportunities with virtual booths and AR, potentially increasing the value of the deal significantly. Fenestration Digital is the leading…
Glitre Energi and Agder Energi explore possible merger
OSLO: In recent years, Glitre Energi and Agder Energi have developed a close, good partnership across a number of areas. The boards of the two groups have given their respective CEOs the authority to explore a possible merger. A potential merger would increase the competitiveness and profitability of the groups, and would create jobs and support value creation in…
Wilhelmsen acquires 25% of Østensjø’s growing offshore wind company, Edda Wind
OSLO: Wilhelmsen Group acquires 25% of Østensjø Group’s growing offshore wind company, Edda Wind. Wilhelmsen has also secured an option to buy another 25% before June 2021, a news release said. Launched in 2018, Edda Wind owns and operates service vessels supporting the maintenance work conducted during the commissioning and operation of offshore wind parks….
Nestlé Pakistan launches cuisine book ‘Dining Along The Indus’
KARACHI: Nestlé Pakistan recently launched a cuisine book – Dining Along The Indus. The book was earlier unveiled in 2019 in collaboration with Pakistan Mission to the United Nations at UN Headquarters in New York. Dining Along The Indus is an accolade to Nestlé’s purpose of Good food, Good life, and is a reflection of…
Pakistani consumers go cashless as trust in digital payments surges amid COVID-19
KARACHI: Visa, the world leader in digital payments, released results of a survey on the impact of the COVID-19 pandemic on payment behavior of consumers in Pakistan, which are going cashless. Visa’s Stay Secure survey also looks at consumers’ general views, preferences and concerns related to digital payments and offers key insights for merchants. The…
BNET announces launch of Operations Support System (OSS) and Business Support System (BSS)
MANAMA, BAHRAIN: Bahrain’s National Broadband Network (BNET), responsible for providing broadband network services across the Kingdom of Bahrain, has announced the launch of both Operations Support System (OSS) and Business Support System (BSS) powered by Amazon WebServices (AWS) cloud platform. There has been a complete separation of BNET’s information systems technologies from Batelco’s, marking a…
Bank of Bahrain and Kuwait to acquire Ithmaar Bank’s Bahrain operations
MANAMA, BAHRAIN: The Bank of Bahrain and Kuwait (BBK), one of the largest commercial banks in Bahrain, and Ithmaar Holding, the parent of Ithmaar Bank, signed a Memorandum of Understanding (MoU) on the potential acquisition by BBK of Ithmaar Bank’s Bahrain operations as well as specific assets of IB Capital, a wholly-owned subsidiary of Ithmaar…
Mercell delivers continued growth and strategic expansion in H1 2020
OSLO: Mercell Holding (Mercell) delivered year-on-year revenue growth of 110% to NOK 68.4 million in the second quarter and 110% to NOK 125.4 million for the first half year 2020. Organic revenue growth was 34% in the second quarter. Annual Recurring Revenue (ARR) increased by 123% year-on-year to NOK 299 million at the end of…
Fitch affirms Peru LNG at BB-; assigns negative outlook
CHICAGO: Fitch Ratings has affirmed Peru LNG S.R.L’s (PLNG) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BB-‘. The Rating Watch Negative has been removed, and a Negative Outlook has been assigned. The rating also includes PLNG’s USD940 million senior unsecured notes due 2030. PLNG’s Ratings and Negative Outlook reflects weaker operational performance…
CAGW opposes using foreign price controls on U.S. pharmaceuticals
WASHINGTON: Citizens Against Government Waste (CAGW) reiterated longstanding and strong opposition to price controls on pharmaceuticals after President Trump issued a final Executive Order (EO) on Friday, September 11 to import prices from foreign nations. CAGW President Tom Schatz made the following statement: “Adopting foreign price controls from ‘most favored nations’ (MFN) for drugs sold…