LONDON, UK: Directa Plus has received a grant for a project to develop an environmentally sustainable technology to digitally print its G+ graphene product on fabrics. The GREEN.TEX project partners are Directa Plus, EFI Reggiani, the Italian subsidiary of global digital printing group Electronics For Imaging, Inc. (EFI), and IBS Consulting Group. The project will…
Bluejay Mining awarded a new mineral exploration licence
LONDON: Bluejay Mining plc, a Greenland focused company, has been awarded a new mineral exploration licence surrounding the Company’s existing Kangerluarsuk zinc-lead-silver Project in central west Greenland. The Company intends to commence a maiden drill programme at the Project later this year, representing the first drill testing ever conducted at Kangerluarsuk, alongside additional exploration activity…
Cabot Square Alternatives seeks to raise £200mn through an IPO on LSE
LONDON: Cabot Square Alternatives PLC has expressed intention to seek admission to the premium listing category of the Official List and to trading on the Main Market of the London Stock Exchange (LSE) through an initial public offering (IPO). As part of the IPO, the Company is seeking to raise £200 million, by way of…
R&Q acquires Vigneron Insurance Company (VICI), to be merged with ICDC
LONDON: Randall & Quilter Inv Hldgs Ltd (R&Q) has acquired the Montana captive insurer, Vigneron Insurance Company, Inc. (VICI), from a wholly owned private investment holding company with diverse holdings in a variety of industries, real estate, marketable securities and other investments. VICI underwrote deductible reimbursement policies to cover the obligations under insurance policies taken…
TP Group gets £1.7million contract for Rugged Military Servers
LONDON: TP Group has been awarded a contract worth approximately £1.7million by its German partner, Roda Computer GmbH, for the provision of a suite of bespoke military rugged computer servers and display units. The systems will be used for deployed military applications by a European defence force. The equipment will be produced by the TP…
Halma Plc acquires NovaBone and FireMate Software
LONDON: Halma Plc, a global group of life-saving technology companies, has announced acquisitions of NovaBone Products, LLC and FireMate Software Pty. Ltd. for its Medical and Infrastructure Safety sectors, respectively. Halma acquired NovaBone Products, LLC, a designer and manufacturer of US FDA-approved synthetic bone graft products, based in Florida, USA. NovaBone’s products are used to…
Nestlé expands medical nutrition business with the acquisition of Zenpep
VEVEY, SWITZERLAND: Nestlé S.A has entered into an asset purchase agreement with Allergan to acquire the gastrointestinal medication Zenpep, to expand the company’s medical nutrition business and complement its portfolio of therapeutic products. Zenpep, available in the United States, is a medication for people who cannot digest food properly because their pancreas does not provide…
Emirates NBD posts net profit if AED 14.5bn in 2019
DUBAI: Emirates NBD, a leading bank in the region, has posted 44% growth in net profit to AED 14.5 billion for the year ended December 31, 2019 Net interest income increased 26% due to loan growth and non-interest income grew 38% due to higher foreign exchange and credit card related income. Core operating profit grew…
Emirates Islamic’s net profit surpasses AED 1.0bn mark for the first time
DUBAI: Emirates Islamic (EIB), one of the leading Islamic financial institutions in the UAE, has reported a strong set of results with net profit of AED 1.061 billion for the year ended December 31, 2019, surpassing the one billion dirham mark for the first time. Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, Vice Chairman…
Kuwait’s Enertech and Germany’s P&G Energy setting up solar power plants in Pakistan
GWADAR, PAKISTAN: P&G Energy (Private) Limited, a subsidiary of ib Vogt GmbH Germany, and Enertech Boston Solar (Private) Limited, a subsidiary of Kuwait based Enertech Holding Company Limited have obtained generation licenses from Pakistan’s power sector regulator for their power plants being setup in Baluchistan province having a cumulative electricity generation capacity of 112.2 MW…
Helen of Troy completes acquisition of Drybar Products
EL PASO: Helen of Troy Limited, a global consumer products company, has completed acquisition of Drybar Products LLC, for approximately $255 million in cash, subject to certain customary closing adjustments. The purchase price implies a pre-synergy multiple of less than 13x estimated calendar year 2019 adjusted EBITDA. Drybar is a fast-growing, innovative, trendsetting prestige hair…
Pauline Blight-Johnston appointed CEO and MD of Genworth Mortgage Insurance Australia
SYDNEY: Genworth Mortgage Insurance Australia Limited announced that Ms. Pauline Blight-Johnston has been appointed Chief Executive Officer and Managing Director; her appointment will take effect on Monday, 2 March 2020. Ms. Blight-Johnston takes over from Mr. Duncan West who was appointed acting CEO effective 1 January 2020. Mr. West will continue to serve as an…