SYDNEY: MGC Pharmaceuticals Ltd has signed a supply agreement with THC Global Group Limited to produce and supply white label pharmaceutical grade Canndeo branded phytocannabinoid products to Australia and New Zealand for THC Global, adding a new revenue stream to the Company. Under the binding Supply Agreement between MCG Pharma and THC Global Group Limited,…
BAE to acquire Collins GPS Business and Raytheon’s Radio Business for $2.2bn
LONDON: BAE Systems plc has entered into a definitive Asset Purchase Agreement to acquire Collins Aerospace’s Military Global Positioning System business (GPS business) for $1.925 billion in cash, subject to customary closing adjustments. The Company has also entered into a definitive Asset Purchase Agreement to acquire Raytheon’s Airborne Tactical Radios business (Radios business) for $275…
Target Healthcare acquires new development site in Cheshire for £9.7 million
LONDON: Target Healthcare has completed the acquisition of a new development site in Cheshire, for £9.7 million, as it continues to deploy the proceeds from its recent oversubscribed capital raise. The Group is also pleased to confirm that it has now completed on the three previously announced acquisitions located in Yorkshire and Wales. In addition,…
Lucyd launching third line of Lucyd Loud Bluetooth glasses on 27 January
LONDON: Tekcapital plc announced that its portfolio company Lucyd Ltd, the smartglass developer and operator of eShop for tech eyewear, is launching their third line of Lucyd Loud Bluetooth glasses on 27 January 2020. These prescription compatible, audio glasses offer enhanced sound quality, comfort and style at an attractive price. Lucyd Loud eyewear is its…
ADES secures contract extension for ADMARINE 261 in Saudi Arabia
DUBAI, UAE: ADES International Holding, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has extended the contract for ADMARINE 261 in Saudi Arabia. The performance of the high-efficiency jack-up rig ADMARINE 261 has resulted in a contract extension of one-year tenor, which will be effective…
Anglo African Oil & Gas terminates Investor Sharing Agreement
LONDON: Anglo African Oil & Gas (AAOG) has consented to the sale, by Riverfort Global Opportunities PCC and YA II PN Ltd (the ISA Investors), of the remaining 84,041,011 ordinary shares of £0.001 each in the capital of the Company held by the ISA Investors at a price of 0.5p per ISA Share for a…
Directa signs R&D agreement with Comerio Ercole
LONDON, UK: Directa Plus has signed an agreement with Comerio Ercole SpA (Comerio) to pursue joint research and development projects using the Company’s G+ technology to develop products in the rubber and tyres, plastic and non-woven materials industries. Directa Plus is a producer and supplier of graphene nanoplatelets based products for use in consumer and…
Total S.A to develop 800 MWp solar power plant in Qatar
PARIS–(BUSINESS WIRE)—Total S.A has entered into agreements for the development of the Al Kharsaah Solar PV IPP Project, an 800 megawatt-peak (MWp) solar plant that will be located 80 kilometers west of Doha, Qatar. The project was awarded to a consortium of Total (49%) and Marubeni (51%) as the result of the country’s first solar…
Etalon Group opts for Moscow Exchange listing
MOSCOW: Etalon Group Plc has submitted documents, including a prospectus, to Moscow Exchange in order to undertake a listing of Etalon Group global depositary receipts (GDRs) on Moscow Exchange and the inclusion of these securities in the Level 1 List. Pending approval of the listing documents and admittance to trading on Moscow Exchange, Etalon Group…
KAHRAMAA agrees to buy electricity from Siraj Energy’s large scale solar plant
DOHA, QATAR: Qatar General Electricity & Water Corporation (KAHRAMAA) and Siraj Energy have signed an agreement of Al-Kharsa’a Large-Scale Solar PV Power Plant, for power purchase and project company. Under this agreement, KAHRAMAA in its capacity as the Transmission and Distribution System Owner and Operator (TDSOO) will buy electricity from Siraj1: the Project Company of…
Latin American insurance markets could see boost in 2020
NEW YORK: Global insurance industry credit rating agency, AM Best expects Latin America’s economies to rebound somewhat in 2020, which would help the insurance markets in these countries better realize their growth potential. In a new Special Report, titled, “Latin America: Economic and Political Risks May Subside in 2020,” AM Best notes that countries in…
TDAP to participate at Automechanika Istanbul 2020
KARACHI: The automotive industry is one of the four “locomotives” of the Turkish economy. It assembles some of the country’s largest exporters and represents one of the leading investor industries. Trade development authority of Pakistan (TDAP) will participate with Pakistan pavilion in Automechanika Istanbul 02-05, 2020. TDAP is providing subsidized stalls to increase the exports…