HAMILTON: Borr Drilling Limited announced the appointment of Patrick Schorn as its new Chief Executive Officer with effect from 8 September 2020. Mr. Schorn will succeed Svend Anton Maier who will remain with the Company as Special Advisor to the Chief Executive Officer. Mr Schorn has been a Director of the Company since January 2018….
Anders Opedal appointed President and CEO of Equinor
OSLO: The Board of Directors of Equinor ASA has appointed Anders Opedal as new president and CEO of Equinor from 2 November 2020. Eldar Sætre will retire after six years as CEO and more than 40 years in the company. “The Board is proud to present Anders Opedal as our next CEO. Equinor is entering…
Emirates increases passenger services to Pakistan, offering 60 weekly flights
DUBAI: Emirates has announced it will increase its passenger services to/from Pakistan starting 10 August, offering customers enhanced connectivity to over 70 destinations within its current network, via Dubai. The airline is set to ramp up its flight frequency to/from Karachi, Islamabad, Lahore, and Sialkot; and resume passenger services to Peshawar – providing customers worldwide…
K-Electric closes PKR 25 bn Sukuk, the largest ever Sukuk issue in Pakistan’s private sector
KARACHI: K-Electric (KE) announced the successful closure of its PKR 25 billion Sukuk which is the largest Sukuk issue in the private sector of Pakistan. With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the Sukuk subscription on 3rd August 2020, more than two weeks ahead…
Atomo receives TGA approval for its COVID-19 rapid antibody test
SYDNEY: Atomo Diagnostics Limited announced that the Therapeutic Goods Administration (TGA) has approved its rapid SARS-CoV-2 antibody blood test for use by medical professionals in Australia. With approval now granted for the Atomo Rapid COVID-19 (IgG/IgM) test, the product will now be added to Atomo’s existing Australian Register of Therapeutic Goods (ARTG) listing, alongside the…
Emerald Clinics signs real-world evidence contract with UK’s cannabis company Canopy Growth
SYDNEY: Emerald Clinics Limited, a leader in the collection and clinical translation of Real-World Evidence technologies, has been engaged by Spectrum Biomedical UK (SBUK), the UK subsidiary of the world’s largest cannabis company Canopy Growth, to develop a Real-World Evidence system in the United Kingdom (UK). Under the agreement Emerald will design and deliver a…
MyFiziq signs term sheet with behavioural change company Biomorphik
PERTH: MyFiziq Limited has signed a binding term sheet with Biomorphik Pty Ltd, an Australian based behavioural change and technology company, with the aim of reducing health costs at all levels of society from the individual, to healthcare and insurance systems, and governments. Biomorphik has created a pre-emptive health platform, built on a simple idea:…
Sigma Healthcare sells two distribution centres for $172 million
SYDNEY: Sigma Healthcare Limited announced that final contracts have been executed for the sale and leaseback of two Distribution Centres (DC’s) for proceeds totalling $172 million. Sigma Healthcare Limited is a full line wholesale and distribution business to pharmacy. It is also the owner of Australian pharmacy retail brands: Amcal Max, DDS, Amcal and Guardian….
Driver Group announces opening of New York office
LONDON: Driver Group plc, the global professional services consultancy to the construction and engineering industries, announced opening of an office in New York. The launch of Driver Group’s office in the USA is supported by the appointment of two leading experts. Simon Braithwaite, a Quantity Surveyor and testifying Quantum, Delay and Damages expert, has been…
Supply@ME joins hands with iMass LLC to expand into the Middle East market
LONDON: Following a joint market assessment that commenced in June, Supply@ME announced that it has signed a Memorandum of Understanding (MOU) with Khaled Abdulla Almass and his investment company, iMass LLC to facilitate the expansion of Supply@ME into the Middle East market. Whilst Europe will remain the focus, with the UK a specific next target,…
R&Q acquires 35% interest in New York based Tradesman Program Managers
LONDON: Randall & Quilter Investment Holdings Ltd. (R&Q) has reached agreement to merge its wholly owned subsidiary, Sandell Re Ltd. with Tradesman Program Managers, LLC. in return for a 35% interest in the combined entity. The transaction is subject to the approval of the Bermuda Monetary Authority, a news release said. The initial book value…
Yü Group acquires Bristol Energy’s B2B business
LONDON: Yü Group PLC, the independent utilities supplier to the UK business sector, has completed the acquisition of the B2B customer book from Bristol Energy Limited, a wholly owned subsidiary of Bristol City Council, a news release said. Yü Group has paid £1.24 million in cash on completion and, as part of the acquisition, has…