LONDON, UK: Following a formal global review, Edge by Ascential has been selected as the strategic partner to Coca-Cola for its global ecommerce operations. Duncan Painter, CEO of Ascential, commented: “We are excited to be expanding our partnership with Coca-Cola, one of the world’s major brands. This is an important step for both Edge and…
DP World completes acquisition of 77% stake in Feedertech Group
DUBAI, UAE: DP World, a leading enabler of global trade and an integral part of the supply chain, has closed the transactions to acquire 77% stake in Feedertech Group. Feedertech’s founder, Mr. Ali Maghami, will retain the remaining 23% shareholding and remain involved in the business. Unifeeder, a 100% owned subsidiary of DP World PLC,…
Shearwater GeoServices awarded Gambia 3D seismic project
OSLO, NORWAY: GC Rieber Shipping ASA‘s 20% owned geoservices company Shearwater GeoServices has been awarded a 3D Isometrix seismic acquisition project by FAR Gambia Ltd (FAR). The one-month survey will cover parts of block A5 offshore Gambia in the rapidly emerging and prolific Mauritania, Senegal, Gambia, Guinea-Bissau, Conakry (MSGBC) Basin. It will be acquired by…
Matt Strack appointed CEO of DTI Group
PERTH: DTI Group Ltd, which provides sophisticated surveillance systems, solutions and services to the mobile security industry worldwide, has announced appointment of CEO Matt Strack effective 20 January 2020. Matt Strack has over 20 years’ experience as an executive across a range of global sectors. He has held leadership positions across mining and resources, public…
MGC launches new Cannabinoid products line in Australia & New Zealand
PERTH, AUSTRALIA: MGC Pharmaceuticals Ltd announced the launch of a new proprietary affordable prescription medicine line to be branded as Mercury Pharma, specifically for the Australian and New Zealand markets. MGC is European based ‘Seed to Pharmacy’ bio-pharma company focused on developing and commercialising cannabinoid derived medicines. The first product being “Mercury Pharma 100” (MP100),…
Infosec bags 7 awards in G2’s Winter 2020 ratings
MADISON–(BUSINESS WIRE)–G2, the world’s leading business solutions review website, released its Winter 2020 index ratings for cybersecurity products and services. Infosec Flex and Infosec IQ received several awards in different categories. “Infosec IQ and Infosec Flex both scored well in G2’s Winter 2020 indexes,” said Jack Koziol, CEO and founder of Infosec. “We work hard…
ADES secures contract renewal for ADMARINE 262 in KSA
LONDON, UK: ADES International Holding has secured a contract renewal for ADMARINE 262. ADMARINE 262 renewal has a five-year tenor, which will be effective upon the expiry of the current contract in April 2020, and will have a higher daily rate. Commenting on the contract award, Dr. Mohamed Farouk, Chief Executive Officer of ADES International…
Premier to acquire Andrew Area and Shearwater assets from BP
LONDON, UK: Premier Oil Plc has announced proposed acquisitions of the Andrew Area and Shearwater assets from BP for US$625 million, and an additional 25 percent interest in the Premier operated Tolmount Area from Dana for US$191 million plus contingent payments of up to US$55 million. The proposed acquisitions will be funded via a US$500…
Vodafone Qatar launches world’s first SG mobile smart hub
DOHA, QATAR: Vodafone Qatar has unveiled the HTC 5G Hub, the world’s first SG mobile smart hub that harnesses 5G speeds for home, business, and everywhere in between. Vodafone Qatar is playing a leading role in the deployment and commercial availability of 5G. The device enables smooth 4K video streaming, low-latency gaming, and 5G mobile…
Al Salam Bank opens new Riffa branch in Al Raya Mall
MANAMA, BAHRAIN: Al Salam Bank-Bahrain officially opened its newest branch at Al Raya Mall in Riffa in the presence of the Executive Director of Banking Supervision at the Central Bank of Bahrain (CBB) Mr. Khalid Hamad Abdulrahman, Group CEO Mr. Rafik Nayed, Deputy CEO Mr. Anwar Murad and other key members of the Executive Management….
Sirius Real Estate acquires two business parks for total of €33.4 million
LONDON, UK: Sirius Real Estate has completed the acquisitions of Neuss II, a business park near Düsseldorf, and Neuruppin Business Park, in the Brandenburg region, for a combined total of €33.4 million. Sirius Real Estate is the leading operator of branded business parks providing conventional space and flexible workspace in Germany. Originally constructed in 1987…
SeABank and Prudential Vietnam jointly establish exclusive bancassurance partnership
LONDON: Prudential Vietnam Assurance Private Limited, a subsidiary of Prudential plc, and Southeast Asia Commercial Joint Stock Bank (SeABank) have entered into an exclusive bancassurance partnership with a 20-year term. Prudential Vietnam will also become the preferred life insurance provider to BRG Group Joint Stock Company (BRG Group), a leading conglomerate in Vietnam with approximately…