SINGAPORE: AEM Holdings Ltd has acquired 100% stake in California-based DB Design Group Inc, a news release said today. DB Design is a world-renowned supplier of automation fixtures, device kits, and other test-related products. It has over 30 years of…
SINGAPORE: Keppel Corporation Limited announced that M1 Limited is divesting its entire 51% shareholding in Kliq Pte. Ltd. to Merchantrade Asia and Qala Tech for an aggregate cash consideration of S$1.4 million. Completion of the divestment is conditional upon, among…
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) and Nasdaq have extended their partnership by entering an agreement to cooperate on regulatory matters, building on an existing collaboration to help companies access capital markets funding in both jurisdictions. The latest cooperation agreement…
OSLO: The Danish Medicines Agency (DMA) has authorised the clinical investigation «SWIS-02» in accordance with the executive order on medical devices. The study is a confirmatory clinical investigation to document safety and performance og SoftOx Wound Irrigation Solution (SWIS) compared…
MONTREAL: Bombardier reported that its second quarter cash usage was approximately $500 million better than previously expected and that it has secured a commitment from investment funds and accounts managed by HPS Investment Partners, LLC to provide a three-year senior…
LOS ANGELES: Virgin Hyperloop announced the appointment of Raja Narayanan as Chief Financial Officer. Raja will oversee all finance and business development functions for Virgin Hyperloop as the company drives hyperloop technology towards commercialization. “Raja has an unprecedented background in…
LONDON: The mobile apps market is poised to grow by $497.09 billion during 2020-2024, progressing at a CAGR of 21% during the forecast period, Technavio, a leading global technology research and advisory company, notes. This study identifies development of hybrid…
NEW YORK: As millions around the world face the new normal of conducting routine business virtually and working remotely, ShelterZoom launches the new user-friendly blockchain-based platform DocuWalk with its innovative virtual negotiating and collaboration room. The subscription-based technology service allows…
DUBAI: Emirates Integrated Telecommunications Company (EITC) reported revenues of AED 5.66 billion and a net income of AED 570 million for the first half of the year (H1 2020). The Board of Directors approved the distribution to shareholders of an…
MONHEIM: Beginning this month, Bayer will start rewarding farmers in Brazil and the U.S. for generating carbon credits by adopting climate-smart practices – such as no-till farming and the use of cover crops – designed to help agriculture reduce its…
MANAMA: Al Salam Bank-Bahrain (Al Salam Bank) has signed an agreement with the Bahrain Bourse and Central Bank of Bahrain (CBB) to offer an innovative new Shari’a-compliant brokerage service, which allows for the use of Bahrain-issued Ijara Sukuk as the…
LONDON: Stenprop Limited, the UK multi-let industrial (MLI) property company, has simultaneously exchanged and completed the purchase of Bowthorpe Park Industrial Estate in Norwich, UK from Blackrock Industrial Trust for £19.6 million, a news release said. The purchase price reflects…