BRISBANE: Fiji Kava Ltd, Australian-Fijian medicinal kava health and wellness company, signed a Memorandum of Understanding (MOU) with Zorgen Health and Brand Asia Management to explore future opportunities to access Chinese consumers via Cross Border eCommerce and Daigou market places. The MOU reflects a key development for Fiji Kava as it seeks to establish distribution…
Resolute Mining agrees to acquire Toro Gold Royalty
LONDON: Resolute Mining Limited has agreed to terms with Taurus Funds Management Pty Limited for the acquisition of the 1.1% royalty held by entities associated with Taurus over gold production from the Mako Gold Mine in Senegal. The termination value of the royalty has been agreed at US$12 million with consideration to be paid in…
ECSC Group wins industry excellence award
LONDON: ECSC Group, the provider of cyber security services, has received an Award for Excellence at Payment Card Industry (PCI) London 2020, the region’s best-known gathering of payment risk and security professionals. The annual awards recognise the outstanding work across the payment card industry, reflecting demonstrable best-in-class abilities. This will be the fourth year in…
Directa Plus gets EU grant to develop eco-friendly G+ printing technology
LONDON, UK: Directa Plus has received a grant for a project to develop an environmentally sustainable technology to digitally print its G+ graphene product on fabrics. The GREEN.TEX project partners are Directa Plus, EFI Reggiani, the Italian subsidiary of global digital printing group Electronics For Imaging, Inc. (EFI), and IBS Consulting Group. The project will…
Bluejay Mining awarded a new mineral exploration licence
LONDON: Bluejay Mining plc, a Greenland focused company, has been awarded a new mineral exploration licence surrounding the Company’s existing Kangerluarsuk zinc-lead-silver Project in central west Greenland. The Company intends to commence a maiden drill programme at the Project later this year, representing the first drill testing ever conducted at Kangerluarsuk, alongside additional exploration activity…
Cabot Square Alternatives seeks to raise £200mn through an IPO on LSE
LONDON: Cabot Square Alternatives PLC has expressed intention to seek admission to the premium listing category of the Official List and to trading on the Main Market of the London Stock Exchange (LSE) through an initial public offering (IPO). As part of the IPO, the Company is seeking to raise £200 million, by way of…
R&Q acquires Vigneron Insurance Company (VICI), to be merged with ICDC
LONDON: Randall & Quilter Inv Hldgs Ltd (R&Q) has acquired the Montana captive insurer, Vigneron Insurance Company, Inc. (VICI), from a wholly owned private investment holding company with diverse holdings in a variety of industries, real estate, marketable securities and other investments. VICI underwrote deductible reimbursement policies to cover the obligations under insurance policies taken…
TP Group gets £1.7million contract for Rugged Military Servers
LONDON: TP Group has been awarded a contract worth approximately £1.7million by its German partner, Roda Computer GmbH, for the provision of a suite of bespoke military rugged computer servers and display units. The systems will be used for deployed military applications by a European defence force. The equipment will be produced by the TP…
Halma Plc acquires NovaBone and FireMate Software
LONDON: Halma Plc, a global group of life-saving technology companies, has announced acquisitions of NovaBone Products, LLC and FireMate Software Pty. Ltd. for its Medical and Infrastructure Safety sectors, respectively. Halma acquired NovaBone Products, LLC, a designer and manufacturer of US FDA-approved synthetic bone graft products, based in Florida, USA. NovaBone’s products are used to…
Nestlé expands medical nutrition business with the acquisition of Zenpep
VEVEY, SWITZERLAND: Nestlé S.A has entered into an asset purchase agreement with Allergan to acquire the gastrointestinal medication Zenpep, to expand the company’s medical nutrition business and complement its portfolio of therapeutic products. Zenpep, available in the United States, is a medication for people who cannot digest food properly because their pancreas does not provide…
Emirates NBD posts net profit if AED 14.5bn in 2019
DUBAI: Emirates NBD, a leading bank in the region, has posted 44% growth in net profit to AED 14.5 billion for the year ended December 31, 2019 Net interest income increased 26% due to loan growth and non-interest income grew 38% due to higher foreign exchange and credit card related income. Core operating profit grew…
Emirates Islamic’s net profit surpasses AED 1.0bn mark for the first time
DUBAI: Emirates Islamic (EIB), one of the leading Islamic financial institutions in the UAE, has reported a strong set of results with net profit of AED 1.061 billion for the year ended December 31, 2019, surpassing the one billion dirham mark for the first time. Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, Vice Chairman…