LONDON: Attraqt Group plc announced that Mark Adams has today commenced his role as Chief Executive Officer. This is a week earlier than previously announced. Nick Habgood will now return to the position of Non-Executive Chairman. As previously communicated, Luke McKeever is remaining as a non-executive director of the Company. Nick Habgood, Non-Executive Chairman of…
BrainChip successfully launches the Akida Early Access Program
ALISO VIEJO: BrainChip Holdings Ltd, a leading provider of AI technology, announced an Early Access Program (EAP) for the Akida neural processor System-on-Chip (SoC). The EAP has been targeted at specific customers in a diversity of end markets for early adoption of the Akida device. Since announcing the start of wafer fabrication in April 2020,…
Bango launches SoftBank payment option for Amazon.co.jp
CAMBRIDGE: Bango Plc, the mobile commerce company, has enabled carrier billing for mobile operator SoftBank Corp. on Amazon.co.jp. Amazon customers with a SoftBank mobile phone account can now pay for goods, membership fees and subscription services, and charge the cost to their mobile phone bill. To use this payment option, a SoftBank subscriber simply adds…
Al Salam Bank wins best Islamic Bank in Bahrain for second consecutive year
MANAMA, BAHRAIN: Al Salam Bank-Bahrain has been named the best Islamic Bank in Bahrain for the second year in a row by prestigious US-based finance magazine Global Finance. In awarding the title, the publication pointed to the Bank’s wide range of cutting-edge products, strong balance sheet and growing asset base. “Al Salam Bank notched a…
Arabtec Holding posts a loss of AED 774 million in 2019
DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announces its financial results for 12 months ended 31st December 2019. Arabtec reported a net loss to parent of AED 774 million in 2019, which was attributable to the construction business (Arabtec Construction). Other core businesses including Target (Industrial), Arabtec Engineering Services (Infrastructure)…
Dubai Investments enhances sustainable reporting; volunteers to publish ESG report 2019
DUBAI: Dubai Investments – the leading diversified investment company listed on the Dubai Financial Market [DFM] announced that it has enhanced its sustainable reporting by voluntarily publishing the ESG Report 2019, highlighting the Company’s sustainable practices and demonstrating its commitment to operating as a sustainable organization. The move is in line with DFM’s guideline encouraging…
Spectra7 announces first quarter financial results, revenues decline 89%
SAN JOSE: Spectra7 Microsystems Inc., a leading provider of high-performance analog semiconductor products for broadband connectivity markets, announced its unaudited financial results for the three months period ended March 31, 2020. Q1 2020 Financial Summary: Revenue for Q1 2020 was approximately $0.1 million, representing a decrease of approximately 89% over the prior quarter and approximately…
Dr. Reddy’s Laboratories enters into a licensing agreement with Gilead Sciences for Remdesivir
PRINCETON: Dr. Reddy’s Laboratories has entered into a non-exclusive Licensing Agreement with Gilead Sciences, Inc. (Gilead) that will grant Dr. Reddy’s the right to register, manufacture and sell Gilead’s investigational drug, Remdesivir, a potential treatment for Covid-19, in 127 countries including India. Dr. Reddy’s will receive technology transfer from Gilead for manufacturing of this drug….
Lendlease Global wins tender to redevelop Grange Road car park into a plug and play event space
SINGAPORE: Lendlease Global Commercial Trust Management, the manager of Lendlease Global Commercial REIT (LREIT), announce that LREIT has won the joint tender by the Singapore Land Authority, Singapore Tourism Board and Urban Redevelopment Authority to redevelop the 48,200 square feet car park at Grange Road into a new multi-functional event space. The bid was awarded…
Credit ratings of Health Services Welfare Society affirmed
SINGAPORE: Insurance sector rating agency, AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Health Services Welfare Society Limited (New Zealand), trading as Accuro Health Insurance (Accuro). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Accuro’s balance sheet strength, which…
AM Best affirms credit ratings of MS Amlin AG and Lloyd’s Syndicate 2001
LONDON: AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of MS Amlin AG (Switzerland), and Lloyd’s Syndicate 2001 (Syndicate 2001) (United Kingdom), which is managed by MS Amlin Underwriting Limited. The outlook of these Credit Ratings remains stable. MS Amlin AG’s ratings reflect…
Mitsui and Yamasa complete Spaceflight acquisition
SEATTLE: Satellite rideshare launch provider Spaceflight Inc. announced its acquisition by Mitsui & Co., Ltd., in partnership with Yamasa Co., Ltd., is now complete with the final review of the Committee on Foreign Investment in the United States (CFIUS). In February 2020, Spaceflight’s parent company, Spaceflight Industries, announced it had signed an agreement with the…