VANCOUVER: Carl Data Solutions, a developer of Big-Data-as-a-Service (“BDaaS”)-based solutions, announced that FlowWorks Inc. has partnered with the Hach Company US Flow Division to provide additional monitoring services to The City of Boulder, Colorado. Boulder will be using Hach’s Data Delivery Services to better monitor flows in the city’s sewer system. This flow data is…
Gfinity partners with YaLLa Esports to grow reach of RealGaming101 in MENA
LONDON: Gfinity plc, a leading esports and gaming solutions provider, has partnered with YaLLa Esports, one of the leading MENA esports teams, to expand its RealGaming101 offering into the Middle East-North Africa (MENA) region. The partnership will see YaLLa and Gfinity work together to create content and commercial opportunities that will benefit both parties. This…
Dalata agrees sale & leaseback of Clayton Charlemont Hotel for €65 million
DUBLIN: Dalata Hotel Group has agreed the sale and leaseback of its Clayton Hotel Charlemont in Dublin, Ireland, to Deka Immobilien for a consideration of €65 million. The transaction is expected to be completed by the end of April 2020. The hotel will be let on a new FRI (fully repairing and insuring) lease for…
Kromek receives Queen’s Award for International Trade
LONDON: Kromek Group, a worldwide supplier of detection technology focusing on the medical, security screening and nuclear markets, has received a Queen’s Award for Enterprise in recognition of its outstanding contribution to International Trade. The Queen’s Awards are the most prestigious awards for UK business, designed to recognise and encourage achievements in the fields of…
Hardide plc wins Queen’s Award for Enterprise
LONDON: Hardide Plc, the developer and provider of advanced surface coating technology, has been honoured with a Queen’s Award for Enterprise in recognition of the outstanding growth of its international sales. The Group has won a Queen’s Award for Enterprise: International Trade 2020, for its outstanding short-term growth in overseas sales, which increased by 152%…
id4 enters technological partnership with Swiss regtech company Indigita
LONDON: id4 AG, a subsidiary of Apeiron Holdings AG, has entered into a technological partnership with leading Swiss regtech company Indigita to automate cross-border compliance checks and risk controls for small and medium-sized financial institutions via id4’s CLM4.bank platform. Thanks to the integration of Indigita’s API into the CLM4.bank platform, id4 can offer its clients…
British Business Bank increases Mercia’s investment mandate by £54.3million
LONDON: Mercia Asset Management PLC announced the British Business Bank (BBB) has allocated an additional £54.3million to Mercia’s two existing investment mandates from the Northern Powerhouse Investment Fund (NPIF). This takes Mercia’s total mandates from BBB to £186.3million and the Group’s total assets under management (AUM) to c.£800million. Mercia was first awarded investment mandates from…
Rahul Dhir appointed CEO of Tullow Oil plc
LONDON: Tullow Oil plc announced the appointment of Rahul Dhir as Chief Executive Officer and an Executive Director of the Group. Rahul will take up his appointment from 1 July 2020 and Dorothy Thompson, currently Executive Chair of Tullow, will return to her position as Non-Executive Chair after a limited period of handover. Rahul brings…
TBC obtains banking licence in Uzbekistan
LONDON, UK: TBC Bank Group; subsidiary TBC Bank in Uzbekistan, has obtained its banking licence and is planning to launch banking operations in June 2020. TBC’s strategy is to establish a greenfield, next-generation banking ecosystem for retail and MSME customers in Uzbekistan with a primary focus on digital and partnership-driven channels. Given the current operating…
AM Best Affirms Credit Ratings of Kelvin Re Limited
LONDON: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-“ of Kelvin Re Limited (Guernsey). The outlook of these Credit Ratings remains stable. The ratings reflect Kelvin Re’s balance sheet strength, which AM Best categorises as strongest, as well as its adequate operating performance, limited…
AM Best affirms credit ratings of Humboldt Re Limited
LONDON: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Humboldt Re Limited (Guernsey). The outlook of these ratings remains stable. The ratings reflect Humboldt Re’s balance sheet strength, which AM Best categorises as strongest, as well as its adequate operating performance, limited business…
BASF and Security Matters collaborate towards a circular economy for plastics
MELBOURNE: Security Matters Ltd and BASF signed a binding joint development agreement to develop solutions for plastics traceability and circularity. Plastics, with unique characteristics and when used properly, contribute to a more sustainable and resource efficient future. However, to move towards a circular economy, more plastic waste needs to be recovered and reused. Though there…