LONDON: Amiad Water Systems Limited, a global producer of water treatment and filtration solutions, has received the Green Economy Mark by the London Stock Exchange (LSE) in recognition of its contribution to the global green economy. The Green Economy classification and Mark has been introduced by the LSE to identify companies and investment funds traded…
Pelatro announces mViva Platform new version launch
LONDON: Pelatro Plc, the multichannel marketing hub software specialist, has reported the launch of the new version of its flagship mViva Platform, V6, which has several new advanced features compared to the previous version launched in 2018, reflecting the rapid evolution of the Group’s software products. The mViva Platform comprises a number of products and…
Heathrow fears to fall behind Paris as Europe’s number 1 airport hub
LONDON: Despite record breaking start to the year at Heathrow, latest figures show that EU competitor, Charles de Gaulle, is growing at twice the rate and is set to overtake as Europe’s leading hub airport within the next 2 years. Over 6 million passengers travelled through the airport in January (up 2.9%). UK routes led…
William Hill becomes official sports book and wagering data provider across all CBS Sports platforms
LAS VEGAS: CBS Sports and William Hill, America’s leading sports book operator, announced a strategic partnership that makes William Hill the Official Sports Book and Wagering Data Provider across all CBS Sports platforms. The deal will reinvent fan engagement through a unique integration of sports betting, media, product and technology. The partnership will kick-off with…
Second smartwatch phone launched with advanced TLens autofocus function
HORTEN: poLight ASA announced that its TLens solution is included in a new smartwatch phone for children launched to market on 10th February 2020 named XUN Smartwatch Max Pro. This is the second design-win for poLight, both for smartwatch phones for children. poLight offers a new autofocus lens which “replicates” the human eye for use…
StrongPoint to serve a preferred value-added technology re-seller for Sunrise
RÆLINGEN, Norway: StrongPoint, integrated technology solutions provider for multi-channel retailing, has announced a partnership with Sunrise Technology, part of Kroger, the largest grocery retailer in America, where StrongPoint will serve as a preferred value-added technology re-seller with an initial focus on the Nordics and the Baltics. Sunrise Technology develops fully integrated technology solutions that bring…
Air Arabia reports net profit of AED 1 billion for 2019
SHARJAH, UAE: Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, announced its financial results for the full year ending 31 December 2019, reflecting a record year of profitability and continued growth. Air Arabia reported a track record net profit of AED 1 billion for the full year ending December 31,…
SHUAA completes sale of securities and market-making businesses to Al-Ramz
DUBAI: SHUAA Capital, the Asset Management and Investment Banking platform created by the merger of SHUAA Capital and Abu Dhabi Financial Group (ADFG), has completed the sale of its Securities and Market-Making businesses, as the company continues to implement its non-core exit strategy focusing on further growing and expanding the Group’s asset management and investment…
Ratings of Hanwha General Insurance Company put under review with negative implications
HONG KONG: Global Rating Agency, AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Hanwha General Insurance Company Limited (HGI), South Korea. The under review status follows HGI’s public disclosure on Jan. 31, 2020, of a consolidated net loss…
Brave Bison’s Snapchat show, Slick, attracts over 40 mn unique viewers
LONDON: Social video company Brave Bison, announced the successful launch of its Snapchat show, Slick, which has attracted over 40 million unique viewers in less than two months. Advertising executive Kate Burns, who was appointed as Chief Executive Officer of Brave Bison in April 2019, has led a shift in focus to other platofrms such…
Shanta Gold to acquire Barrick’s subsidiary Acacia Exploration, Kenya
LONDON: Shanta Gold, the East Africa-focused gold producer, has entered into a definitive agreement pursuant to which it will purchase 100% of the shares of Barrick’s subsidiary Acacia Exploration (Kenya) Ltd. from two subsidiaries of Barrick Gold Corporation. Acacia’s primary asset is a 100% participating interest in licences held by Afriore which includes an existing…
Malaysian authorities approve two Pakistani meat plants for exports to Malaysia
KARACHI: Malaysian authorities have approved two Pakistani establishments for exporting meat and its allied products to Malaysia, which would open a new meat export market for the country, Trade Development Authority of Pakistan (TDAP) said. Pakistan exports around four percent of beef and veal produced in a year. This is despite a fact that the…