LONDON: Directa Plus Plc has received a Technology Innovation Award 2020 from global consultants Frost & Sullivan for its graphene based Grafysorber technology for treating waters and sludges contaminated by hydrocarbons. Directa Plus is a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets. In the report, ‘Graphene…
Vuuzle Media Corp announces Swedish merger, moves headquarters to Sweden
LONDON: Vuuzle TV is a premium streaming service that offers live video content, such as hit television shows, news, sports and feature-length movies. Vuuzle Media Corp (VMC) is the owner of Vuuzle TV and is an enterprise-level OTT platform. VMC is registered with the US Securities and Exchange Commission and incorporated in the state of…
Bevespi Aerosphere approved in China for patients with COPD
LONDON: AstraZeneca’s Bevespi Aerosphere (glycopyrronium/formoterol fumarate) has been approved in China as a maintenance treatment to relieve symptoms in patients with chronic obstructive pulmonary disease (COPD), including chronic bronchitis and/or emphysema. The approval by the National Medical Products Administration (NMPA) was based on positive results from the Phase III PINNACLE 4 trial in which Bevespi…
Total discontinues the acquisition of Occidental Petroleum’s assets in Ghana
PARIS: In August 2019, Total and Occidental Petroleum entered into a Purchase and Sale Agreement (PSA) in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets. The PSA provided that the sale of the Ghana…
Total becomes one of the leading electricity and gas suppliers in Spain
PARIS, FRANCE: Total S.A strengthens its positions in generation and supply of electricity and gas in Spain through the acquisition of the Energías de Portugal’s portfolio of 2.5 million B2C customers and two gas-fired combined cycle power plants, which represent an electricity generation capacity of nearly 850 megawatts. This transaction in Spain follows Total’s entry…
Oventus Medical signs agreement with Careica Health, Canada
BRISBANE: Obstructive Sleep Apnoea (OSA) treatment innovator, Oventus Medical Ltd has signed an agreement with Careica Health, one of western Canada’s largest privately-owned providers of diagnostics and treatment for obstructive sleep apnoea and home oxygen services. Under the agreement, patients will be referred from Careica’s 26 homecare locations which span the provinces of Manitoba, Saskatchewan,…
Craig International Ballistics gets million dollar contract from Australian Defence Force
SYDNEY: The Federal Government has announced the initial $1 million contract to Craig International Ballistics (CIB) for the Australian Defence Force (ADF) to receive 750 sets of soft armour. The soft armour using world-first body armour technology will provide superior protection, and is significantly lighter than the current soft armour and offers greater comfort for…
Avation Plc notifies Boeing 737 Lease Extension
SINGAPORE: Avation PLC, the commercial passenger aircraft leasing company, has negotiated a six year lease extension on an Asian flag carrier-operated Boeing 737-800 aircraft. The lease extension rent is at a market rate and the expiry date for the lease has been extended from June 2022 to June 2028. Jeff Chatfield, Executive Chairman of Avation,…
Rostelecom leads the market, says TMT Consulting rating
MOSCOW: Rostelecom PJSC, the largest integrated digital service provider in Russia, announced that according to ratings provided by TMT Consulting, Rostelecom leads the market for the 8-800 Free Call service. According to TMT Consulting, market volume for Free Calls (8-800) in Russia grew by 4% in 2019 compared to 2018 and amounted to 8.5 billion…
Kibo Energy to supply 200MW to Tete Steel and Vanadium Project
LONDON: Kibo Energy PLC, Africa focused energy company, has signed a binding term sheet with Baobab Resources Ltd to supply 200 MW energy to its Tete Steel and Vanadium Project (TSV Project) in Mozambique. Louis Coetzee, CEO of Kibo, said: “We are delighted to have secured this strategically important agreement with Baobab. The TSV Project…
Deyaar Development posts net profit of AED2.6 million in Q1 2020
DUBAI: Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, announced its financial results for the first quarter of 2020, wherein the company reported revenues of AED 98.8 million and net profit of AED 2.6 million for the three months ending 31st March 2020 after recording a precautionary provision for…
Hero Motocorp announces the winners of inaugural ‘Hero Colabs – The Design Challenge’
NEW DELHI: Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has announced the winners of its latest innovative initiative Hero CoLabs – The Design Challenge. Reshma KD from Bengaluru emerged victorious in Challenge #1 and Venkatesh R from Nagercoil emerged victorious in Challenge #2. Both winners will receive the grand prize Hero XPulse…