DUBAI: Emirates Integrated Telecommunications Company (EITC) reported revenues of AED 5.66 billion and a net income of AED 570 million for the first half of the year (H1 2020). The Board of Directors approved the distribution to shareholders of an interim dividend of AED 589 million, equivalent to an interim dividend per share of 0.13…
Bayer to reward growers to generate carbon credits by adopting climate-smart practices
MONHEIM: Beginning this month, Bayer will start rewarding farmers in Brazil and the U.S. for generating carbon credits by adopting climate-smart practices – such as no-till farming and the use of cover crops – designed to help agriculture reduce its carbon footprint and greenhouse gas (GHG) emissions. Bayer’s industry-leading Carbon Initiative is the result of…
Al Salam Bank partners Bahrain Bourse and Central Bank of Bahrain on new Shari’a-compliant asset-trading framework
MANAMA: Al Salam Bank-Bahrain (Al Salam Bank) has signed an agreement with the Bahrain Bourse and Central Bank of Bahrain (CBB) to offer an innovative new Shari’a-compliant brokerage service, which allows for the use of Bahrain-issued Ijara Sukuk as the underlying asset in Murabaha financing frameworks. The innovative new structure meets a growing demand for…
Stenprop acquires £19.6 million Bowthorpe Park industrial estate in Norwich
LONDON: Stenprop Limited, the UK multi-let industrial (MLI) property company, has simultaneously exchanged and completed the purchase of Bowthorpe Park Industrial Estate in Norwich, UK from Blackrock Industrial Trust for £19.6 million, a news release said. The purchase price reflects a net initial yield of 6.35%. With excellent access to the A47 and in turn…
Thomson Reuters announces two new leadership appointments to drive innovation and integration
TORONTO: Thomson Reuters announced the appointment of two key executives to the leadership team under Steve Hasker, president and CEO of Thomson Reuters. “I am pleased to welcome Kirsty Roth as our Chief Operations and Technology Officer, and David Wong as our new Chief Product Officer,” said Hasker. “As a business whose customers truly value…
EHR Resources launches exploration program in Botswana
PERTH: EHR Resources Ltd announced the formal launch of the Botswana Exploration Alliance. The Exploration Alliance Agreement was formed with Diamond Exploration Strategies Ltd (DES), a privately-owned company focused on diamond exploration in Botswana. Under the terms of the Alliance, EHR will provide funding of US$1.5 million over three years to finance exploration activities, earning…
ASG Technologies partners Ascention to bring data intelligence solution to Australian customers
NAPLES: ASG Technologies, a leading provider of solutions for the information-powered enterprise, announced its partnership with Ascention, industry leading experts in designing, implementing and supporting solutions for data, analytics and tactical planning. Data governance is a challenge facing companies around the globe. A recent survey of IT professionals found that two of the top barriers…
Zelira Therapeutics signs binding product development agreement with USA based CVSM
PERTH: Zelira Therapeutics Ltd, a global leader in the development of clinically validated cannabis medicines, has entered into a binding product development agreement with USA based Cardiovascular Solutions of Central Mississippi (CVSM) to target symptoms associated with Peripheral Arterial Disease (PAD), associated ischemic neuropathies including Diabetic Neuropathies (DPN), a news release said. The products to…
IMDEX completes AusSpec acquisition
SYDNEY: Imdex Limited has completed the acquisition of AusSpec International Limited following payment of A$1 million cash and A$5 million IMDEX shares, a news release said. Commenting on the acquisition IMDEX Chief Executive Officer, Paul House, reiterated AusSpec’s excellent strategic fit and world-leading expertise in automated mineralogy. “AusSpec’s unique and proven aiSIRIS platform strengthens our …
Shipcom wins US Navy global parts tracking and sensor-based IoT smart buildings contract
ARLINGTON: Shipcom Federal Solutions (SFS), a leader in next generation supply chain management solutions, has been awarded a contract by the US Navy Office of Naval Research (ONR) to extend functionality of the SFS Catamaran NextGen supply chain management platform with a focus on Naval shipyard and depot modernization. Under this effort, SFS will provide…
Adevinta signs agreement to acquire eBay Classifieds Group for $9.2 billion
OSLO: Adevinta ASA has entered into a definitive agreement to acquire 100% of eBay Classifieds Group, the global classifieds arm of eBay Inc for a headline value of US$9.2 billion. Under the terms of the agreement, eBay shall receive US$2.5 billion in cash and 540 million shares of Adevinta, representing a 44% stake in pro…
Rombauer Vineyards hosts virtual Joy of Wine event
NAPA: Rombauer Vineyards is marking its milestone 40-year Anniversary and the release of its popular 2019 Carneros Chardonnay with an entirely virtual event from the Napa Valley based winery. The Joy of Wine event on Saturday, July 25th will broadcast on Facebook Live and YouTube Live. Guests will enjoy a stroll through the winery caves,…