LONDON: Great Western Mining Corporation has announced the signing of an option agreement with Nevada Select Royalties Inc., a subsidiary of Ely Gold Royalties Inc., to acquire 48 mineral claims in Nevada, the “Olympic Gold Project”, which are prospective for gold and silver. The Olympic Gold Project is located 30km south-east of Gabbs in the…
Murphy Oil Corporation announces changes in executive management
EL DORADO: Murphy Oil Corporation announced that Walter K. Compton, Executive Vice President and General Counsel, will retire from the company effective June 1, 2020. The current Vice President, Law and Corporate Secretary, E. Ted Botner, will be assuming Mr. Compton’s responsibilities in addition to maintaining his current duties under the new title Senior Vice…
Coro Energy completes Duyung PSC acquisition
LONDON: Coro Energy plc, the Southeast Asian focused upstream oil and gas company, is pleased to announce that all necessary Indonesian regulatory approvals for the transfer of title of the 15% direct interest in the Duyung PSC to Coro have now been received. Accordingly, final completion of the acquisition of the PSC Interest by the…
Edgile recognized as security system integrator of the year by Microsoft
AUSTIN: Edgile, a trusted cyber risk and regulatory compliance partner to the Fortune 500, has been named as a Microsoft Security 20/20 Partner Award winner for Microsoft Security System Integrator of the Year. “The Edgile team is committed to collaborating with Microsoft to design and implement security systems that make modern enterprises across all industries…
Ideagen partners with WHO to support vital work during Coronavirus
LONDON: Ideagen PLC, a leading supplier of Information Management software to highly regulated industries, announced a partnership with the World Health Organisation (WHO) to support its vital collaboration and policy making work with member states and other interested bodies during the coronavirus pandemic. The 73rd annual World Health Assembly took place earlier this week (May…
Outlets at Tejon starts reopening and is ready to welcome guests
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…