TEJON RANCH: The Outlets at Tejon announced that following two months of closure due to the COVID-19 pandemic and stay at home order set by Governor Newsom, it will be open to the public once again on May 27, 2020. This is a phased reopening as some individual stores may open sooner than others. Guests…
Oxford Nanopore announces advancement in rapid, highly scalable COVID-19 detection
OXFORD: Oxford Nanopore Technologies Limited has announced that it is in advanced development of a new generation of end-to-end test (assay) for the detection of SARS-CoV-2, the virus that causes COVID-19. The LamPORE assay is designed to be rapid, low cost, and scalable to cater to on-demand analysis of smaller sample numbers, to very large…
Igor Sechin appointed CEO of Rosneft Oil Company
LONDON: On May 21, 2020 the Board of Directors of Rosneft Oil Company appointed Igor Sechin CEO of the Company for the term of five years starting May 24, 2020. Rosneft Oil Company is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction, production, refinement, transport, and sale of petroleum,…
ACRA Agency assigned credit rating to the exchange-traded bonds of PJSC Magnit
KRASNODAR: PJSC Magnit, one of Russia’s leading retailers, announces the assignment of the credit rating by ACRA Agency to the exchange-traded bonds of PJSC Magnit. On May 22, 2020 ACRA (Analytical Credit Rating Agency (Joint Stock Company) assigned credit rating AA (RU) to the exchange-traded bonds of PJSC Magnit. The credit rating of the Company…
Reinsurers brace for pandemic-fueled spate of mortgage losses
OLDWICK: With mortgage delinquency rates expected to dramatically increase due to COVID-19 pandemic-related forbearance and job loss, AM Best has explored the spillover effect into the mortgage-related activities of the reinsurance industry. Reinsurers have been assuming incrementally more U.S. mortgage risk from two main sources: Fannie Mae and Freddie Mac (i.e., the government-sponsored enterprises [GSEs]);…
Dubai Financial Market Company posts net profit of AED 34.7 million in Q1-2020
DUBAI: Dubai Financial Market Company announced its financial results for the first quarter of the year ending 31 March 2020, reporting a net profit of AED 34.7Million, a 24% increase compared to AED 28.1 Million during the corresponding period of 2019. The Company’s total revenue has increased by 13% to AED 88.2 Million in Q1-2020…
Amanat Holdings appoints Dr. Mohamad Hamade as CEO
DUBAI: Amanat Holdings PJSC, the GCC’s largest healthcare and education investment company, announced the appointment of Dr. Mohamad Hamade as Chief Executive Officer (“CEO”) of the company. Dr. Hamade, previously the Chief Investment Officer (“CIO”) of Amanat Holdings, succeeds Mr. Tristan de Boysson who held the position as the CEO of Amanat since February 2019…
NewLeaf Brands to acquire 100% stake in Mindleap Health through share exchange
VANCOUVER: NewLeaf Brands Inc. has signed a non-binding Letter of Intent (“LOI”) with Mindleap Health Inc., pursuant to which NewLeaf Brands will acquire, by way of share exchange, 100% of all of the issued and outstanding securities of Mindleap, an arm’s-length company. Mindleap is an advanced digital health platform that helps people connect with mental…
Softlab9 Software Solutions enters LoI to acquire CleanGo GreenGo
VANCOUVER: Softlab9 Software Solutions Inc. has entered into a letter of intent to acquire CleanGo GreenGo Inc., a privately held Alberta company that is the developer of a long lasting disinfectant technology that is eco-friendly and biodegradable. The final structure of the transaction will be determined by the parties following the receipt of tax, corporate…
TRACEsafe signs agreements with Kuwait, another Southeast Asian country
TORONTO: TRACEsafe Technologies Inc. has entered into advanced pilot stage programs for its TRACEsafe technology with Kuwait and an additional Southeast Asian country. The Southeast Asian country (unnamed at this time under confidentiality obligations) is using TRACEsafe original hardware and software packages to manage self-quarantine. Kuwait is utilizing TRACEsafe hardware to deploy an innovative safety…
Media Central launches AdCentralDirect, an in-house mobile and cross-channel demand side platform
TORONTO: Media Central Corporation Inc. today announced the launch of AdCentralDirect (ACD) an in-house mobile and cross-channel demand side platform (DSP) agency that connects digital advertising inventory through one interface. AdCentralDirect is expected to be operational in June 2020. AdCentralDirect will immediately provide brands access to advertising inventory on the digital platforms of MediaCentral’s iconic…
Nearly nine million U.S. consumers have joined Afterpay platform
SAN FRANCISCO: Afterpay, the leader in “Buy Now, Pay Later” payments, announced that there are now more than five million active shoppers in the U.S. using the service at Afterpay merchant partners. Afterpay now has nearly nine million U.S. consumers who have joined the platform, including more than one million new customers using the platform…