VANCOUVER: Pac Roots Cannabis Corp. announced the execution of a binding letter of intent to form Rock Creek Farms, a proposed 100 acre commercial hemp operation, slated for production this spring in Rock Creek, British Columbia. On May 29, 2020, PacRoots entered into a binding letter of intent with a private British Columbia company (BC…
Chemesis International announces exclusive partnership with ViaTouch Media for VICKI
VANCOUVER: Chemesis International Inc. announced its exclusive partnership with Via-Touch Media for its VICKI IoT (Internet of Things) self-checkout solution for retail. Chemesis has exclusive rights across North America for VICKI machines containing cannabis products, and will announce its initial roll-out plan in the coming weeks. VICKI allows Chemesis’ to enter the unattended retail channel,…
Microsoft ensures secure collaboration for digital learning in Pakistan
ISLAMABAD: “Today, as more and more people across the globe, including Pakistan are required to stay home due to government lockdown interventions, we are seeing a massive shift towards remote learning. This has meant the growth in the usage of collaborative tools such as Microsoft’s Teams to create virtual classrooms wherein educators can communicate with…
Bombardier concludes sale of the CRJ Series Regional Jet Program to Mitsubishi Heavy Industries
MONTREAL: Bombardier confirmed the closing of the previously announced sale of the CRJ Series aircraft program to Mitsubishi Heavy Industries for a cash consideration of approximately $550 million, subject to post-closing adjustments and the assumption of liabilities by MHI related to credit and residual value guarantees and lease subsidies amounting to approximately $200 million. Through…
EnergyPro raising £2m of equity funding to spur growth in UK and India
LONDON: EnergyPro Asset Management Limited is raising £2m of equity funding to advance its growth strategy of bridging the energy transitions in the UK and India through technology transfer and investment. EnergyPro Asset Management, a UK company focused on accelerating the energy transition through improved energy efficiency, is to raise £2m of growth funding to…
Begbies Traynor Group expands operations in Scotland
LONDON: Begbies Traynor Group plc has announced the acquisition of a portfolio of 503 Scottish personal insolvency cases, including a team of five fee earners, from Grant Thornton UK LLP. Begbies is a business recovery, financial advisory and property services consultancy. The acquisition will increase the group’s existing operations in Scotland, which provide corporate and…
Gama Aviation commences air ambulance helicopter operations in Scotland
LONDON: Gama Aviation, the global business aviation service provider, is delighted to announce that as at 07.00, 1st June 2020, it has commenced helicopter emergency medical services (HEMS) on behalf of the Scottish Ambulance Service. The Group, as the prime contract holder, and following the successful entry into service of three Airbus H145 helicopters (announced…
Gama Aviation awarded Transmitting Portable Electronic Devices (TPED) contract
LONDON: Gama Aviation, the global business aviation service provider, has been awarded a contract by the Home Office to complete Transmitting Portable Electronic Devices (TPED) testing on several Emergency Services aircraft in-line with its delivery of the new Emergency Services Network (ESN). ESN is the next generation of critical communications for the three Emergency Services…
STV Productions to produce a factual documentary series on Royal family
LONDON: STV Productions has been commissioned to produce a factual documentary series for Channel 5 offering a fresh exploration of the Royal family, told through their compelling and often troubled relationship with the British press. Reflecting the social history of the time, it includes one episode exploring Diana’s relationship with the press, Diana Vs The…
Bahrain Bourse launches Murabaha Service
MANAMA: As part of Bahrain Bourse’s (BHB) continuous efforts to develop the capital market in the Kingdom of Bahrain, and in line with BHB’s strategic goal of “Cultivating Capital Raising & Investment Opportunities”, Bahrain Bourse has introduced the Murabaha service for banks and corporates. The service aims to meet the growing needs of Interbank, corporate…
Bank ABC reappoints SICO as market maker on Bahrain Bourse
MANAMA: Bank ABC has received the Central Bank of Bahrain’s (CBB) approval to re-appoint the Securities and Investment Company B.S.C. (SICO) as the designated market maker with respect to the Bank’s ordinary shares listed on the Bahrain Bourse (BHB). The approval is valid for 12 months starting on 28th May 2020 until 28th May 2021,…
AM Best affirms credit ratings of Pacific LifeCorp and its subsidiaries
OLDWICK: Global insurance sector rating agency, AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of the members of Pacific Life Group (Pacific Life): Pacific Life Insurance Company and Pacific Life & Annuity Company. Both companies are headquartered in Newport Beach, CA. Additionally,…