BANGALORE: Xeros Technology Group, the developer and provider of water saving and filtration technologies with multiple commercial and domestic applications, has signed a binding Heads of Terms agreement with Ramsons Garment Finishing Equipment. Under the agreement, Ramsons will develop, manufacture and sell garment finishing equipment used in the manufacture of denim jeans which incorporates Xeros’…
Smiths News agrees new long term contract with The Telegraph
LONDON: Connect Group announces that Smiths News has agreed a new long-term contract with The Telegraph, running from October 2019 through to September 2024, covering the distribution of The Daily Telegraph and Sunday Telegraph. The agreement encompasses all of Smiths News’ existing distribution territories with The Telegraph, securing annual revenues in excess of £100 million…
AM Best maintains credit ratings of Prudential Financial following announced acquisition
OLDWICK: AM Best has commented that the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” of the domestic life/health insurance subsidiaries of Prudential Financial, Inc. remain unchanged following the recent announcement by Prudential that it has agreed to acquire Assurance IQ, Inc. Assurance IQ is a leading direct-to-consumer solutions…
MelodyVR successfully completes Good Morning America broadcast
LONDON: EVR Holdings, the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, announced streaming statistics in connection with MelodyVR’s partnership with American Broadcasting Companies (ABC) and Good Morning America (GMA) to deliver a milestone media event on August 30th: a live, immersive broadcast of GMA’s Summer Concert Series, featuring Mashmello…
Weir Group secures £100m order for Australian magnetite iron ore project
SYDNEY: The Weir Group, one of the world’s premium providers of highly engineered mining equipment and services, has been awarded a £100 million order to provide industry-leading energy saving solutions to the Iron Bridge Magnetite Project, a joint venture between Fortescue Metals Group Ltd subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd….
Atlantis JV signs clean electricity supply agreement with Alderney Electricity
LONDON: SIMEC Atlantis Energy Limited via its joint venture Normandie Hydroliennes, has signed a heads of terms with Alderney Electricity Limited (AEL) to supply the island of Alderney in the Channel Islands with power from a proposed tidal array in the Raz Blanchard and help to reduce the island’s current reliance on carbon intensive diesel…
Emaar launches Ease by Emaar, a short-term rental concept for travelers
DUBAI, UAE: Emaar, a Dubai-based global property developer and provider of premium lifestyles, today announced the launch of Ease by Emaar – a streamlined short-term rental concept that provides global travellers exceptional stays in elegant homes handpicked by Emaar in their integrated communities. During the launch event, the developer also unveiled ‘South Beach’, a premium…
Five Pakistan’s companies to attend Automechanika Johannesburg 2019
KARACHI: As many as five Pakistani companies are participating under Trade Development Authority of Pakistan (TDAP) at Automechanika Johannesburg 2019. Automechanika Johannesburg is South Africa’s leading International Trade Fair for the automotive service industry targeting trade visitors from the Sub-Saharan Region. It is a meeting place for the business-to-business automotive sector in Southern Africa. It…
NEPRA grants license to Kuwait based Enertech for its 50MW solar power plant
KARACHI: National Electric Power Regulatory Authority (NEPRA) has granted generation license to Kuwait-based Enertech Quetta Solar Private Limited for its proposed 50 megawatt solar power generation plant in Balochistan with an estimated cost of $50 million. In order to tap the huge indigenous potential of the province for power generation, the Government of Balochistan formulated…
Frank Vang-Jensen appointed President and CEO of Nordea Bank
STOCKHOLM: The Board of Directors of Nordea Bank Abp has appointed Frank Vang-Jensen as new President and Group CEO as of September 05, 2019. Frank Vang-Jensen is currently Head of Personal Banking for the Group and a member of Group Executive Management (GEM). Frank Vang-Jensen is passionate about banking and understands the important role of…
Kidman Resources shareholders vote in favour of scheme of arrangement
SINGAPORE: Wesfarmers Limited notes that Kidman Resources’ shareholders today voted in favour of the Scheme of Arrangement under which Wesfarmers will acquire 100 percent of the issued ordinary shares in Kidman for $1.90 cash per share. Wesfarmers Managing Director Rob Scott thanked the Board of Kidman and the company’s shareholders for their strong support for…
Location Sciences contracts with Blis to drive data verification in the advertising industry
LONDON: Location Sciences, the leading mobile location data and intelligence expert, announced a new 18-month contract with Blis, the global leader in real-world intelligence. Blis is the first global location intelligence company to embrace independent verification of data quality. Blis will use Verify, Location Sciences’ proprietary location verification platform, to provide independent, media-agnostic analysis and…