SHANGHAI: Jatenergy Limited has signed a distribution agreement with Kigobaby, a distributor of consumer products throughout China. The agreement was signed at the second China International Import Expo in Shanghai. The distribution agreement provides for Kigobaby to be the exclusive distributor in China of a single NEURIO product line, being NEUIRO Formulated Milk Powder with…
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Global smartwatch shipments leap to 14mn units in Q3
BOSTON–(BUSINESS WIRE)–According to the latest research from Strategy Analytics, global smartwatch shipments grew an impressive 42 percent annually to reach 14 million units in the third quarter of 2019. Apple Watch maintained first position with 48 percent global smartwatch marketshare, while Samsung held second place, and Fitbit clung on to third. Steven Waltzer, Senior Analyst…
Solstad enters new contract with Equinor
SKUDENESHAVN: Solstad Offshore ASA has entered into a new contract with Equinor for the hire of anchor handling vessel (AHTS) Normand Ferking. The duration of the contract is 1 year firm, and in addition Equinor has the option to extend with further 2x 1 year. Commencement is in direct continuation of current charter, thus the…
BW LPG enters agreement to sell two Large Gas Carriers
SINGAPORE: BW LPG Limited has entered into a Memorandum of Agreement (MOA) to sell the remaining two Large Gas Carriers (LGCs) in the fleet BW Nantes and BW Nice, both built in 2003 and with a carrying capacity of 59,400 cbm each, will be delivered within Q1 2020. The sale is expected to generate approximately…
Aramex posts a meager 1.0 percent growth in Q3 net profit
DUBAI, UAE: Aramex today announced its financial results for the third quarter ended 30 September 2019, wherein the Q3 2019 revenues grew by 2% to AED 1.27 billion, compared to AED 1.239 billion in the corresponding period a year ago. Revenues would have grown by 5% excluding the company’s strategic restructuring of its operations in…
First Dubai International VAPE EXPO scheduled for March 2020
DUBAI –Knowledge Bylanes — Vape expo organizer Way Joy today announced that the first Dubai International VAPE EXPO has been scheduled for March 18 to 20, 2020, and will be held at Festival Arena By InterContinental, Al Badiya, Dubai Festival City. The EXPO will be special for business groups on March 18 and 19, and…
Tufton Oceanic makes $8.75m investment in one containership
LONDON: The Board of Tufton Oceanic Assets Limited announced that the Company has agreed to acquire a Containership for $8.75 million. This acquisition will take the Company’s fleet to seventeen vessels. The vessel is time chartered to part of a major, investment grade, container shipping group for at least three years. The forecasted yield exceeds…
Pakistan’s textile sector exports decline 5.32% to $1.19bn in August
KARACHI: Country’s overall textile sector exports declined 5.32 percent to $1.19 billion in August 2019 compared with exports of $1.25 billion recorded in the same period last year, data issued by Pakistan Bureau of Statistics suggest. “Lower prices obtained by exporters during the month was the key reason for declining textile exports, which was presumably…
More than 50 countries come together to discuss cooperation and development on BRI
XI’AN, CHINA: The Euro-Asia Economic Forum 2019, with its focus on Participation in the Belt and Road Initiative (BRI) will Facilitate High-level Cooperation and Robust Development, kicked off on September 10th in Xi’an, China. Politicians, business people and scholars from more than 50 countries, including Germany, France, Kazakhstan, and Pakistan, attended the forum. The forum…
Microsoft says Trump is treating Huawei unfairly
NEW YORK: “The way the U.S. government is treating Huawei is un-American. China’s leading maker of networking equipment and mobile phones should be allowed to buy U.S. technology, including software from his company”. These thoughts were express by Microsoft President and Chief Legal Officer, Brad Smith. Such actions shouldn’t be taken without a “sound basis…
Pakistan to complete 21 years of regular participation at Intertextile Shanghai
KARACHI: At the 25th Anniversary of Intertextile Shanghai Apparel Fabrics, Pakistan will complete its 21 years of regular participation, as 32 Pakistani companies under the auspices of Trade Development Authority of Pakistan (TDAP) are participating in the event. It may be mentioned here despite over 30 percent rupee devaluation, country’s overall textile sector exports declined…
European Commission adopts mandate to extend interim appeal arbitration arrangement
BRUSSELS: The European Commission today adopted a decision laying the groundwork to deal with the consequences of a possible blockage of the World Trade Organization’s (WTO) Appellate Body, the highest instance of WTO dispute resolution. This decision will enable the Commission to enter into interim appeal arbitration arrangements with third countries based on existing World…