BRISBANE: A fund managed by national property fund manager Primewest has sold the iconic Chambers building and an adjoining eight storey office building The Tower in Brisbane’s CBD for $47.4 million. The purchaser –the University of Queensland –plans to occupy the buildings as part of its CBD campus. The 130 year old Chambers building is…
Zenith shelves plans to acquire Norwegian oil & gas company Nordic Petroleum
LONDON: Zenith Energy Ltd has decided to discontinue its plans to acquire a Norwegian oil & gas company, Nordic Petroleum AS, by way of an exchange of equity as announced on November 4, 2019. Due to unexpected complications and potentially high costs to complete the Proposed Acquisition, the Board has decided not to proceed with…
DeepMatter collaborates with AstraZeneca to improve productivity of compound synthesis
LONDON: DeepMatter Group has collaborated with AstraZeneca to use innovative digital technologies with the aim of improving the productivity and reproducibility of compound synthesis. DeepMatter’s long term strategy is to integrate chemistry with technology, thereby enabling a greater use of artificial intelligence and reaching a point where chemicals can be autonomously synthesised through robotics Scientists…
Cyber warfare termed greater threat than ever in 2020
LONDON, UK: Specialist global risk consultancy, Control Risks, forecasts that the proliferation of a wide variety of Cyber threats will make a high impact, cyber-enabled assault on critical infrastructure almost certain in 2020. This is one of the key forecasts in RiskMap 2020 – the global outlook for political and security risks in the year…
Emirates NBD rings DFM’s bell to celebrate new listings
DUBAI, UAE: Dubai Financial Market (DFM) hosted a bell ringing ceremony to celebrate the successful issuance and listing of the new shares issued by Emirates NBD, through the Rights Issue. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of the Bank rang the market opening bell in the presence of His Excellency Essa Kazim,…
Pakistan Property Show concludes at Dubai World Trade Centre
DUBAI: Pakistan Property Show (PPS) 2019 successfully concluded at the Dubai World Trade Centre in Dubai on Friday. It was organised by Pakistan’s largest property portal Zameen.com. Amjad Ahmad Ali, Consul General of Pakistan in UAE, graced the occasion as special guest on its second and last day.A total of 64 exhibitors offered property options…
Grainger to acquire PRS scheme at Capital Quarter, Cardiff for £57mn
NEW CASTLE: Grainger plc, the UK’s largest listed provider of private rental homes, has agreed to forward fund and acquire a 307 home, PRS development at Capital Quarter in Cardiff for c.£57 million. IM Properties, one of the UK’s largest privately-owned property companies, is the developer of the scheme and Winvic Construction Ltd is the…
MISSION launches a global competition for brands with big ambitions
LONDON: The Mission Group has launched a global competition offering £50,000 of world class consultancy to help inspiring brands get closer to their ultimate ambition. Demonstrating its recent repositioning as “the alternative group for ambitious brands”, MISSION has launched a global competition for brands with big ambitions, inspiring ideas and compelling stories – offering £50,000…
Public and private sector collaboration to promote innovation & ICT talent in Middle East
DUBAI: Speakers, at the recently held ICT Talent Education Summit roundtable, observed that the ICT talent gap in the Middle East must be addressed by the public and private sectors. The high-level discussion was hosted as part of the final of the Huawei Middle East ICT Competition 2019, which has concluded at Huawei’s global headquarters…
CCL signs agreement to divest network services business assets
AUCKLAND: Computer Concepts Limited (CCL) has signed a conditional agreement to divest the operational parts of its network services division in a buy-out by a member of the CCL management team. CCL is Spark New Zealand’s wholly owned provider of cloud and ICT services. Mark Jurgeleit, CCL’s current general manager of network services will set…
SUDA Pharmaceuticals sign co-development deal with Spanish Laboratorios Ordesa
PERTH, AUSTRALIA: SUDA Pharmaceuticals Ltd has entered into a fully-funded, feasibility study and option agreement with Laboratorios Ordesa, S.L., a Spanish pharmaceutical company that focuses on nutrition, health and well-being. The two companies intend to co-develop a major consumer product for the paediatric market which SUDA anticipates will benefit from an improved patient delivery route…
JAT signs Shanghai Gurun as first distributor for its plant-based meat products in China
MELBOURNE, AUSTRALIA: Jatenergy Limited (JAT) has signed its first distribution agreement with Shanghai Gurun Wanfeng Catering Co.Ltd in China for its new plant-based meat products. JAT has established a joint venture with leading Australian-based food manufacturer, Oppenheimer Pty Ltd, to develop plant-based meat substitute products to be sold worldwide. Under the agreement, Shanghai Gurun has…