| finance & economy |
Best’s Market Segment Report: Lebanese Insurance Market Faces Mounting Uncertainty
March 12, 2020
Lebanon has a long history of economic and political instability. In the past, local insurers have been successful at navigating this challenging environment. However, recent civil unrest and a ballooning public debt have increased the level of economic uncertainty, which is negatively impacting the credit quality of Lebanon’s insurance market. In a new Best’s Special Report, “Lebanese Insurance Market Faces Mounting Uncertainty”,"...
The LEGO Group and Nintendo partner to take legendary brick-building to a new level
March 12, 2020
The LEGO Group announced a partnership with Nintendo that will change the way people interact with Super Mario in the physical world and engage in LEGO® experiences. Both companies share a passion for innovation and play and their collaboration has led to a reimagination of the LEGO building experience, enabling an entirely new way to play inspired by the beloved video game icon, Super Mario. Neither"...
U.S. FDA grants Fast Track designation to empagliflozin for the treatment of chronic kidney disease
March 12, 2020
The U.S. Food and Drug Administration (FDA) has granted Fast Track designation for the investigation of empagliflozin to reduce the risk of kidney disease progression and cardiovascular death in adults with chronic kidney disease, Boehringer Ingelheim and Eli Lilly and Company (NYSE: LLY) announced. The designation was granted for the clinical investigation of empagliflozin in adults with chronic kidney disease. This Fast Track designation for empagliflozin underscores the urgent need for new treatment options for people"...
Efforts to bolster women’s gains discussed
March 12, 2020
Manama, Mar. 11(BNA): The Supreme Council for Women (SCW) has today hosted a coordination meeting at with the legislative branch of government at its headquarters in Riffa. SCW Secretary-General Hala Al-Ansari chaired the session, which was attended also by representatives of the Shura Council, the Council of Representatives, the Ministry of Finance and National Economy,"...
VDX.tv, A New Business Division of Exponential Interactive, Is Expanding Into the United Arab Emirates
March 12, 2020
Digital advertising leader Exponential Interactive announced this week that it is rolling out its new, video-driven business division, VDX.tv, in all global markets. VDX.tv allows brands to serve tailormade video-driven experiences across screens, including connected TV (CTV) and Over the Top (OTT). This announcement is on the heels of a"...
Global Plant-Based Food Company, the LIVEKINDLY co., Launches a $200-Million Investment Supporting the Brand Portfolio of LIVEKINDLY, Fry’s Family Food, and LikeMeat
March 12, 2020
The LIVEKINDLY co. is leading a movement to build a sustainable future, today, fueled by a $200-million founders’ funding round led by founders, entrepreneurs, and global leaders. Establishing a collective of heritage and start-up brands, the company is on track to become one of the world’s largest plant-based food companies. Brands under the LIVEKINDLY co. portfolio offer consumers non-GMO, plant-based chicken alternatives and include:"...
SNOWPLUS Successfully Raises Funding, Continues Global Expansion Efforts
March 12, 2020
SNOWPLUS has announced global investment results from 2019 through February 2020 amounting to approximately $125 million USD. The funding has come from investors in Asia, North America, Europe and the Middle East. The company has confirmed funding from Hong Kong-based HK Rothsfortune Investment Management Limited among other investors as it further prepares for entry into global markets. “We"...
GetSwift Secures Funding up to US$45 Million from U.S. Alternative Investment Group
March 12, 2020
GetSwift Limited (ASX: GSW) (‘GetSwift’ or the ‘Company’), a leading provider of SaaS logistics technology, is pleased to announce that it has entered into a put option agreement (“Agreement“) with LDA Capital LLC (“LDA Capital“), a United States based private alternative investment group, which has agreed to provide the Company with up to US$45 million (“Commitment Amount”) in committed equity capital over the next 36 months. The Company will use this capital (as required) to continue to fuel growth and to hedge against developing global circumstances such as the Coronavirus. The capital will be accessed by the Company by exercising put options under the Agreement at the Company’s election with an aggregate subscription amount of up to US$45 million which allows the Company to draw down funds during the 36-month term of the......
United Cement Company supports “Smile” initiative
March 11, 2020
The United Cement Company made a donation to “Smile” Initiative, an initiative of Bahrain Future Society for Youth which provides psycho social support to children with cancer and their parents. The financial donation was handed to Mr. Mohamed Al Sukari, the society board member. This support comes within the framework of the social responsibility of the United Cement Company and reflects its eagerness to support various charitable and"...
Travelex to open four outlets in new Bahrain airport
March 11, 2020
Travelex, a Finablr company and market leading foreign exchange specialist, has extended its relationship with Bahrain International Airport (BIA) to operate multiple outlets at the new passenger terminal building. Travelex has signed a five-year contract with Bahrain Airport Company (BAC), successfully winning a tender to provide currency exchange services. BAC"...
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