VANCOUVER: The Yield Growth Corp. announced the launch of its new e-commerce website for subsidiary brand, Urban Juve, powered by leading ecommerce platform, Shopify. The online store features the complete Urban Juve plant-based collection as well as select other products, such as Antler’s natural deodorant for men and Urban Juve’s hand sanitizers. The optimized online…
AEM Holdings acquires California-based DB Design Group
SINGAPORE: AEM Holdings Ltd has acquired 100% stake in California-based DB Design Group Inc, a news release said today. DB Design is a world-renowned supplier of automation fixtures, device kits, and other test-related products. It has over 30 years of experience in delivering turnkey solutions for virtually all major semiconductor test and handling systems. DB…
Keppel’s M1 Limited sells entire stake in Kliq for S$1.4 million
SINGAPORE: Keppel Corporation Limited announced that M1 Limited is divesting its entire 51% shareholding in Kliq Pte. Ltd. to Merchantrade Asia and Qala Tech for an aggregate cash consideration of S$1.4 million. Completion of the divestment is conditional upon, among others, receipt of approval from regulatory authorities. The aggregate consideration will be fully payable in…
SGX RegCo and Nasdaq sign regulatory cooperation to help companies access capital funding
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) and Nasdaq have extended their partnership by entering an agreement to cooperate on regulatory matters, building on an existing collaboration to help companies access capital markets funding in both jurisdictions. The latest cooperation agreement will facilitate the regulatory exchange of information on issuers which are dual listed on both…
Danish Medicines Agency approves new clinical study for Softox Medical Device
OSLO: The Danish Medicines Agency (DMA) has authorised the clinical investigation «SWIS-02» in accordance with the executive order on medical devices. The study is a confirmatory clinical investigation to document safety and performance og SoftOx Wound Irrigation Solution (SWIS) compared to Normal Saline (NS) in a human wound model. This rapid approval by DMA is…
Bombardier reports better than expected cash usage and a new $1 billion credit facility
MONTREAL: Bombardier reported that its second quarter cash usage was approximately $500 million better than previously expected and that it has secured a commitment from investment funds and accounts managed by HPS Investment Partners, LLC to provide a three-year senior secured term loan of up to $1.0 billion. Collectively, these actions provide Bombardier with additional…
Virgin Hyperloop appoints Raja Narayanan as Chief Financial Officer
LOS ANGELES: Virgin Hyperloop announced the appointment of Raja Narayanan as Chief Financial Officer. Raja will oversee all finance and business development functions for Virgin Hyperloop as the company drives hyperloop technology towards commercialization. “Raja has an unprecedented background in creating value in disruptive transportation opportunities and operationalizing large scale industrial projects,” said Jay Walder, CEO…
Global mobile apps market poised to grow by $497.09 billion during 2020-2024
LONDON: The mobile apps market is poised to grow by $497.09 billion during 2020-2024, progressing at a CAGR of 21% during the forecast period, Technavio, a leading global technology research and advisory company, notes. This study identifies development of hybrid mobile apps as one of the prime reasons driving the mobile apps market growth during…
ShelterZoom launches DocuWalk, a blockchain-based virtual negotiating room and secure document management platform
NEW YORK: As millions around the world face the new normal of conducting routine business virtually and working remotely, ShelterZoom launches the new user-friendly blockchain-based platform DocuWalk with its innovative virtual negotiating and collaboration room. The subscription-based technology service allows all types of businesses to store documents, negotiate transactions and finalize contracts in a transparent,…
Emirates Integrated Telecommunications posts net income of AED 570
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…