LONDON: Cycladex Ltd has signed an exclusive collaboration agreement with LatCommodities for the commercialization of its technology in Chile and certain other Latin America Countries. LatCommodities is a privately funded Company with a history of mining deals in South America. Cycladex Ltd is the developer of a patented environmentally clean, safe and effective gold recovery…
XPhyto Therapeutics signs agreement for cannabis-infused beverages with Oettinger
VANCOUVER: XPhyto Therapeutics Corp. has signed a standstill agreement and letter of intent for cooperation in the field of development, production, and distribution of new cannabis-infused beverages and products with the renowned German brewery OETTINGER Brauerei GmbH. XPhyto and Oettinger have agreed to pursue the signing of an exclusive definitive agreement in due course, specifically…
Oxford Biomedica receives MHRA approval for the first two manufacturing suites in Oxbox
OXFORD: Oxford Biomedica plc has announced the successful outcome of their recent UK Medicines & Healthcare products Regulatory Agency (MHRA) inspection, resulting in the issue of a Certificate of GMP compliance for the first two GMP manufacturing suites and supporting area such as warehouse, cold chain facilities and QC laboratories, in its new Oxbox manufacturing…
Gaming Realms signs 2-year agency agreement with Hasbro
LONDON: Gaming Realms plc, the developer and licensor of mobile focused gaming content, has signed a 2-year agency deal with Hasbro Inc, the global play and entertainment company committed to creating the world’s best play and entertainment experiences. Under the terms of the agreement, Hasbro will have exclusive rights to act as an agent on…
Featurespace completes £30 million funding round
LONDON: Featurespace Ltd, a leading provider of adaptive behavioural analytics for Enterprise Financial Crime prevention, has completed a £30 million fundraising to support continued growth. Featurespace Ltd is the portfolio company of IP Group plc, the developer of intellectual property-based businesses. The round was led by Merian Chrysalis Investment Company Ltd and also included further…
Intu completes disposal of intu puerto venecia
LONDON: intu properties plc has completed the sale of its interest in the intu Puerto Venecia shopping centre to Generali Shopping Centre Fund S.C.S. SICAV-SIF and Union Investment Real Estate GMBH. Matthew Roberts, chief executive of intu, commented: “We are pleased to have successfully concluded this transaction which is another important step in our ultimate…
Russia’s Etalon begins sales with 6.5% subsidised mortgages
LONDON: Etalon Group Plc, one of Russia’s longest-established development and construction companies, has completed its first transactions using state-subsidised mortgages in both of its core regions. The subsidised mortgage programme is available from 17 April 2020 through 1 November 2020, while the preferential rate of not more than 6.5% is effective for the entire term…
X5 becomes first Russian retailer to join UN Global Compact
MOSCOW: X5 Retail Group, a Russian food retailer, announced its accession to the UN Global Compact (UN GC), which is an international business initiative in the field of corporate social responsibility and sustainable development. By joining the UN GC, X5 confirms its commitment to the principles of human rights, fair labour relations, environmental protection and…
Ryanair to restore 40% of scheduled flights from 1st July
LONDON: Ryanair, Europe’s largest low fares airline, has announced plans to return to 40% of normal flight schedules from 1st July 2020, subject to Government restrictions on intra-EU flights being lifted, and effective public health measures being put in place at airports. Ryanair will operate a daily flight schedule of almost 1,000 flights, restoring 90%…
Masroor Mahmud appointed GE’s CEO for Pakistan
LONDON: GE has announced the appointment of Masroor Mahmud as its CEO for Pakistan. He is mandated with driving the company’s growth in the country and aligning business strategy across all GE sectors with the government’s vision for development. In addition, Masroor will focus on enhancing talent development, ensuring risk management, and building a strong…
Covid lockdown dampens business optimism in Pakistan: D&B Reports
KARACHI: The findings of the Dun & Bradstreet’s Business Optimism Index (BOI) for the first quarter of 2020 released on Monday shows that enforcement of the Covid-19 lockdown in the third week of March had only intensified the deterioration in the business sentiments and sped up the shift from optimism to pessimism. Before the implementation…
Outlook on Panama’s insurance industry revised to negative amid COVID-19
MEXICO CITY: U.S. based insurance sector rating agency AM Best has revised its market segment outlook on Panama’s insurance industry to negative from stable, citing the significant challenges the country and industry are facing amid the COVID-19 pandemic. In a Best’s Market Segment Report, AM Best states that the following are the reasons for the…