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…
AM Best upgrades ratings of Petroleum Marketers Management Insurance Company
OLDWICK: AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Petroleum Marketers Management Insurance Company. The outlook of these Credit Ratings has been revised to stable from positive. The ratings reflect PMMIC’s balance sheet strength, which AM Best categorizes…
Global IoT enterprise drone shipments to grow 50% in 2020
EGHAM, UK: In 2020, worldwide shipments of Internet of Things (IoT) enterprise drones (flying drones) will total 526,000 units, an increase of 50% from 2019, according to Gartner, Inc. Global shipments are forecast to reach 1.3 million units by 2023. “The construction sector is an early adopter of drones, which causes construction monitoring to be…
EnQuest awarded block offshore Malaysia
LONDON: EnQuest PLC, an independent oil and gas production and development company, is awarded the Block PM409 Production Sharing Contract (PSC) in partnership with PETRONAS Carigali Sdn Bhd (PCSB) by PETRONAS. Under the terms of the PSC, EnQuest will operate the block with a participating interest of 85.0%, with PCSB owning the remaining 15.0%. Block…
Vodafone collaborating with Amazon to make AWS Wavelength available in Europe
LONDON: Vodafone Business, one of the world’s leading telecoms and technology service providers, is collaborating with Amazon Web Services (AWS) to make AWS Wavelength available in Europe. AWS Wavelength provides developers the ability to build applications that serve end users with single-digit millisecond latencies over the 5G network. AWS Wavelength embeds AWS compute and storage…
Quorum acquires Moorfield Nanotechnology for £2.3 million
LONDON, UK: Judges Scientific’s wholly owned subsidiary Quorum Technologies Limited has acquired 100% of the issued share capital of Moorfield Nanotechnology Limited, a maker of coating instruments based in Knutsford, Cheshire. The Board expects the acquisition to be immediately earnings enhancing. The purchase price of Moorfield, paid in cash at completion, amounts to £2.3 million….
Total and Mitsui sign long-term charter contract for another large LNG bunker vessel
PARIS, FRANCE: Total Marine Fuels Global Solutions (TMFGS) and Mitsui O.S.K. Lines, Ltd. (MOL) have signed a long-term charter contract for a second large LNG bunker vessel, to be delivered in 2021. She will be positioned in the Marseille-Fos area in France. This bunker vessel will be built by Hudong-Zhonghua Shipbuilding in China. She will…