News Articles

Shree Cement Revs Up Oxygen Supply for Covid Hospitals in India KOLKATA & JAIPUR, India -Monday 26 April 2021

(BUSINESS WIRE)-- Shree Cement, one of India’s top cement manufacturers, is running its oxygen plants at 100 percent capacity to cater to the shortage of oxygen in the country. Shree Cement has already supplied over 12,500 oxygen cylinders and is continuing to supply to the hospitals across...

Dana Gas and Crescent Petroleum Resume Khor Mor Expansion Project -Monday 26 April 2021  

US$600m investment to increase production 57% within 2 years Production to grow from 440MMSCFD to 690MMSCFD by April 2023 Force Majeure lifted with KRG and US Contractor Exterran after COVID Delay Dana Gas, the Middle East’s leading publicly listed regional natural gas company, and...

Schlumberger Announces First-Quarter 2021 Results -Monday 26 April 2021

Worldwide revenue was $5.2 billion International revenue was $4.2 billion and North America revenue was $972 million EPS was $0.21 Cash flow from operations was $429 million and free cash flow was $159 million Board approved quarterly cash dividend of $0.125 per share (BUSINESS...

SpeeDx Receives CE-IVD Mark for PlexPCR® SARS-CoV-2 -Monday 26 April 2021  

(BUSINESS WIRE)-- SpeeDx Pty. Ltd. announced today it has received CE-IVD marking for its PlexPCR® SARS-CoV-2* assay – a two gene test for the detection of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the causative agent of COVID-19. The high-throughput test is compatible...

Technology Innovation Institute Joins the Quantum Computing Challenge with Launch of Open-Source ‘Qibo’ -Monday 26 April 2021  

Technology Innovation Institute (TII), the applied research pillar of Advanced Technology Research Council (ATRC), today announced that its Quantum Research Centre (QRC) has developed the first simulation version of 'Qibo', a versatile open-source quantum computing programming framework, in...

Pacific Prime Named Cigna Middle East's "Individual Broker of the Year" and "Innovative Broker of the... -Monday 26 April 2021  

(BUSINESS WIRE)-- Pacific Prime, a global employee benefits and health insurance specialist, is pleased to announce that they have received two accolades from Cigna Middle East in 2020: "Individual Broker of the Year" and "Innovative Broker of the Year". The awards were presented to the team at...

XPRIZE and Musk Foundation Announce Guidelines and Open Registration for $100M XPRIZE Carbon Removal -Saturday 24 April 2021  

(BUSINESS WIRE)-- XPRIZE, the global leader in designing and implementing innovative competition models to solve the world’s grand challenges, today announced the official launch of $100 Million XPRIZE Carbon Removal with the opening of team registration and the release of the competition...

Mavenir Announces $500 Million Private Placement with Koch Strategic Platforms -Saturday 24 April 2021  

(BUSINESS WIRE)-- Koch Strategic Platforms (“KSP”), a subsidiary of Koch Investments Group, announced today it has signed an agreement for a strategic minority equity investment in Mavenir (the “Company”). Affiliates of Siris Capital Group, LLC (“Siris”), a leading technology focused...

Algorand Pledges to be the Greenest Blockchain with a Carbon-Negative Network Now and in the Future -Saturday 24 April 2021

(BUSINESS WIRE)-- Algorand, a leading blockchain technology company designed to be the most efficient and greenest blockchain available, today cements its leadership and commitment to the environment by announcing its blockchain is fully carbon neutral. Algorand has partnered with ClimateTrade,...

LEO Pharma Presents Long-Term Safety and Efficacy Data for Tralokinumab in Adults With Moderate-to-Severe Atopic... -Friday 23 April 2021  

Interim analysis at 56 weeks from ECZTEND, an open-label extension trial, demonstrates sustainable and durable efficacy of tralokinumab in adult patients1 Patients enrolled in ECZTRA 1 and 2 parent trials who continued into ECZTEND have now been treated with tralokinumab for two...

Merck Announces New Data Strengthening Evidence for Continued Safe and Effective MAVENCLAD® Use... -Friday 23 April 2021  

New analysis indicates a specific immune repopulation pattern in people treated with MAVENCLAD, which may contribute to their ability to fight infections and develop protective antibodies from vaccines Independent study from Israel showed MAVENCLAD-treated patients receiving COVID-19...

LEO Pharma Receives Positive CHMP Opinion of Adtralza® (tralokinumab) for the Treatment of Adults... -Friday 23 April 2021  

 If authorized, Adtralza® (tralokinumab) will be the first approved biologic that specifically targets the IL-13 cytokine, a key driver of atopic dermatitis signs and symptoms1,2 The CHMP opinion is primarily supported by data from ECZTRA 1, 2, and 3 trials included in the Marketing...

OMNI CT Brings First-of-Its-Kind Waste to Hydrogen Product to Market in the Fight Against Climate Change -Friday 23 April 2021  

(BUSINESS WIRE) -- Today, OMNI Conversion Technologies Inc. (OMNI CT) announced the first sale of its unprecedented waste to hydrogen product. The Larsen and Lam Climate Initiative, a foundation backed by philanthropists Chris Larsen and Lyna Lam, has committed $35 million to bring this...

TP Vision: Philips Soundbar With Subwoofer Delivers Powerfully Cinematic Sound -Friday 23 April 2021

(BUSINESS WIRE) -- Now available in the UAE, the Philips TAB8805 3.1 channel Soundbar with subwoofer lets you make more of movie night. The immersive 3D audio of Dolby Atmos puts you right in the middle of the scene, and Play-Fi compatibility makes it easy to create a true surround-sound setup....

Rajeev Bhalla Named Director of Board at Next Level Aviation -Friday 23 April 2021  

(BUSINESS WIRE) -- Seasoned senior finance executive Rajeev Bhalla has been named a Director of the Board at Next Level Aviation, a leader in the aerospace used serviceable materials (USM) market. He brings wide-ranging financial, operational, and strategic expertise to the company as it plans...

Milliken & Company Publishes Third Annual Corporate Sustainability Report -Friday 23 April 2021  

(BUSINESS WIRE) -- Global manufacturer Milliken & Company today released its third annual corporate sustainability report, entitled Together for Tomorrow. This report, which analyzes Milliken’s performance through the lens of its holistic sustainability efforts, highlights its progress towards...

Endeavour Vision closes Endeavour Medtech Growth II LP at USD 375m to invest in transformative healthcare technologies ... -Friday 23 April 2021  

(BUSINESS WIRE) -- Endeavour Vision today announces the closing of Endeavour Medtech Growth II (EMG II) LP at USD 375 million in capital commitments. The fund will pursue the same strategy as its predecessor: to support growth-stage medtech and digital health innovations that advance the...

Utopia AI Determines Amounts of Hate Speech on Different Social Platforms -Friday 23 April 2021  

(BUSINESS WIRE) -- Online hate speech shows up most often on discussion forums, according to a Utopia Analytics study for the Ministry of Justice in Finland. The report found that discussion forums are home to 97% of identified hate speech messages. The next largest platform types are Twitter...

Africa Finance Corporation issues US$750 million 7-year Eurobond at a yield of 2.99% -Friday 23 April 2021

(BUSINESS WIRE) -- In a sign of robust global investor interest in the continent, Africa Finance Corporation, a multilateral development financial institution dedicated to infrastructure financing in Africa, successfully issued a Eurobond at its lowest yield to date. The US$750 million 2.875%...

Etisalat and Nokia Provide Ultra-fast 5G Broadband Services in the UAE -Thursday 22 April 2021

(BUSINESS WIRE) -- 5G introduces unprecedented speeds and network capacity for consumer and business services, empowering a fully digitalized society; 5G networks retain Etisalat’s technology leadership in the region; 5G introduces early use cases such as enhanced mobile broadband while...