LONDON: Frontier IP Group’s portfolio company, Exscientia, the leading Artificial Intelligence (AI)-driven drug discovery company, has entered a collaboration with Bayer AG that aims to accelerate the discovery of small molecule drugs focused on cardiovascular disease and oncology. Under terms of the agreement, Exscientia will initially work on three projects with targets agreed between both…
AM Best maintains Brazil reinsurance market outlook at negative
NEW YORK: AM Best continues to hold a negative outlook on Brazil’s reinsurance sector, due predominantly to macroeconomic instability and a declining interest rate environment that has led to lower investment income. A new Best’s Market Segment Report, titled, “Market Segment Outlook: Brazil Reinsurance,” states that investment income has been a major contributor to the…
Veidekke sells NOK 6.3 billion worth of residential units in 2019
OSLO: Veidekke ASA, Scandinavia’s largest construction and property development company, sold 256 residential units in the 4th quarter. Total sales for 2019 encompassed 1,166 residential units with a total value of NOK 6.3 billion. There were 2,215 units under construction at the end of 2019, and the sales ratio was 78%. Veidekke sold 256 residential…
CINECO signs agreement with Ban Management to multi-screen Cineplex at Amwaj Lifestyle Mall
MANAMA, BAHRAIN: Bahrain Cinema Company (CINECO) has entered into an agreement with Ban Management Co to develop and operate multi-screen Cineplex in Amwaj Lifestyle Mall, Amwaj Islands. Cineco is a dominant player in the entertainment business and currently operating a total of 53 cinema screens across different locations in Bahrain. The ‘Amwaj Village’ project by…
Al Meera opens 53rd store in Qatar
DOHA: Al Meera Consumer Goods Company has announced the opening of its latest location in Rawdat Al Hamama, marking an important milestone in the developing locality and bringing the total number of stores in Qatar to 53. Al Meera also announced that as part of its expansion strategy, its Sealine Branch is now offering customers…
Avation delivers first of two Airbus A321 aircraft to Vietjet
LONDON, UK: Avation PLC has delivered the first of two Airbus A321 aircraft, which are being transitioned from a prior operator, to Vietjet Air under an operating lease. Avation is the commercial passenger aircraft leasing company. The aircraft has completed calendar airframe maintenance checks, been configured for operations by VietJet Air and has been put…
Hipgnosis acquires Music Catalogue from Emile Haynie
LONDON, UK: The Board of Hipgnosis Songs Fund Limited and its Investment Adviser, The Family (Music) Limited, acquired a music catalogue from Emile Haynie, an award-winning American producer who has collaborated on some of the most iconic hip hop and pop albums of all time. In 2009 and 2010, Emile Hayne collaborated as an executive…
Bunzl Plc acquires Joshen Paper & Packaging
LONDON: Bunzl plc, the specialist international distribution and services Group, announces that it has acquired Joshen Paper & Packaging to expand its footprint in the US. Joshen Paper & Packaging, which is based in Cleveland, Ohio and operates from a number of locations across 11 states in the US, is engaged in the distribution of…
Triad partners Stratis to deliver blockchain based solutions
LONDON, UK: Triad Group Plc has entered into a framework partnership with Stratis Group Ltd, an enterprise blockchain technology company, to deliver blockchain-based solutions to businesses and organisations. Triad Group is a leading UK provider of IT consultancy services and technology solutions. Under the partnership, Stratis will help identify where blockchain is the best placed…
Seeing Machines partners with Qualcomm to deliver DMS technology
LAS VEGAS: Seeing Machines and Qualcomm Technologies are working together to deliver optimized driver monitoring systems (DMS) on high-end infotainment platforms to the global automotive industry. For improved safety, automakers look towards DMS to help assure the driver’s attentiveness on the road. A significant challenge facing automotive OEMs is the integration of the DMS processing…
CLS acquires multi-let office space in Staines for £19 million
LONDON, UK: CLS Holdings has unconditionally exchanged contracts to acquire ‘TWENTY’ Kingston Road in Staines for £19.0 million. Completion is planned for 3 February 2020. TWENTY comprises 44,230 sq. ft (4,109 sqm) of grade A, multi-let office space in Staines. The building has excellent transport links and is a short walk away from Staines train…
S4Capital merges with data-driven content agency Circus Marketing
LONDON, UK: S4Capital plc, a digital advertising and marketing services company, announced that its global content practice, built around MediaMonks, has agreed to merge with the fully integrated digital agency Circus Marketing. In Latin America, the move follows last year’s merger of MightyHive, S4Capital’s programmatic practice, with Brazil-based consulting firm ProgMedia to further enhance its…