LONDON: Zenith Energy Ltd. announced its participation, in the capacity of technical and financial partner to a Nigerian registered energy company, in the 2020 bid round for marginal oil and gas fields organised by the Nigerian Department of Petroleum Resources (DPR). On June 1, 2020, the DPR, on behalf of the Federal Government of Nigeria,…
Douglas continues to implement its #FORWARDBEAUTY strategy
DÜSSELDORF: Douglas, one of Europe’s leading premium beauty retailers, is continuing to implement its #FORWARDBEAUTY strategy with the accelerated expansion of e-commerce business and the realignment of its store network. In this context, the Douglas Supervisory Board has appointed Michael Keppel as Chief Restructuring Officer (CRO) as of 1 July 2020 to enhance the Management…
easyJet and Airbus finalize delivery dates on deferred aircraft
LONDON: easyJet Plc and Airbus have finalised the exact delivery dates for aircraft deferred as a direct response to COVID-19. In total, 32 aircraft with original delivery dates between June 2020 and December 2021 were deferred. As 8 aircraft were deferred from FY2020 to FY2022, the net number of deferrals from the Financial Years 2020,…
Walmart partners Shopify to expand online business
BOSTON: Walmart Inc. (NYSE: WMT) has partnered with e-commerce firm Shopify Inc (NYSE: SHOP), as it looks to expand its online marketplace business and cash in on the coronavirus-driven jump in online shopping. Online sales at retailers, from cosmetics makers to pizza chains, have boomed in the wake of the COVID-19 pandemic, which has forced…
Mobecom expands commercial agreement with Vodacom Group
PERTH: Following the commercial agreement executed with Vodacom Group Limited in December 2017, Mobecom announced an expansion of this initial agreement. Vodacom has agreed to develop a new Enterprise extension, for their ‘Switched On Benefits’ (SOB) platform. This will allow Vodacom to serve up deals and offers to a greater audience, incapsulating merchants and allowing…
Buderim Group receives $8.3 million bid for its Ginger Division
PERTH: Buderim Group Limited (Company) has received an indicative, non-binding offer from Global Foods Group Pty Ltd to acquire company’s combined ginger and tourism business assets (Ginger Division) for $8.3 million gross value. Buderim’s strategic focus is on consolidating the group’s global leadership position in food markets in which it chooses to operate, and new…
Mobile Streams’s data intelligence business signs two new contracts
LONDON: Mobile Streams plc, the mobile content and data intelligence company, announced the signing of two further contracts by its Streams data intelligence business. On 11 June the Company signed two new contracts for delivery of data insight, intelligence and visualisation services using the Streams platform delivered via the Company’s partnership with KrunchData. The first…
Kemal Malik appointed non-executive director at Syncona Ltd
LONDON: Syncona Ltd, a leading healthcare company, announces the appointment of Dr Kemal Malik as a Non-Executive Director with immediate effect. Kemal has 30 years of experience in global pharmaceutical research and development and has been responsible for bringing many innovative medicines to commercialisation. Kemal has spent much of his recent career at Bayer where,…
Salt Lake Potash awards EPC and EPCM contracts to GRES for Lake Way Project
LONDON, UK: Salt Lake Potash Limited has awarded EPC and EPCM contracts to GR Engineering Services Ltd (GRES) for construction of the Process Plant and Non-Process Infrastructure (NPI) at its Lake Way Project. These contracts combined represent more than 40% of the total project capital requirement. HIGHLIGHTS: The Engineering, Procurement and Construction (EPC) contract involves…
Faron receives €2.1 million loan, from Business Finland for Traumakine manufacturing
TURKU, FINLAND: Faron Pharmaceuticals Oy, the clinical stage biopharmaceutical company, announced plans to initiate a new state of the art process for the manufacturing of interferon (IFN) beta-1a. To support this, Faron has received a €2.1 million low interest rate loan from Business Finland, the governmental innovation financing agency of Finland. The loan funds will…
AstraZeneca to supply Europe with up to 400 million doses of Oxford University’s vaccine
LONDON: AstraZeneca has reached an agreement with Europe’s Inclusive Vaccines Alliance (IVA), spearheaded by Germany, France, Italy and the Netherlands, to supply up to 400 million doses of the University of Oxford’s COVID-19 vaccine, with deliveries starting by the end of 2020. With today’s agreement, the IVA aims to accelerate the supply of the vaccine…
Armour Energy signs agreement to acquire CoEra Limited
LONDON: Oilex Limited has entered into a conditional binding Share Purchase Agreement (SPA) with Armour Energy Limited for the proposed sale of all of its interests in the Cooper-Eromanga Basin. Pursuant to the SPA, Armour will acquire 100% of the issued capital of CoEra Limited (CoEra), a wholly owned Company subsidiary which holds all of…