Biotechnology research firm Isomorphic Labs entered into a strategic research collaboration, on Sunday, with Novartis, pharmaceutical company to discover small molecule therapeutics against three undisclosed targets. The company said Isomorphic Labs will receive an upfront payment of $37.5 million from Novartis. In addition to Novartis funding of select research costs, Isomorphic Labs is eligible to […]
Satellite operator Rivada Space Networks partnered with CloudSat Services provider Wiseband, with an aim to bring secure connectivity solutions to the Middle East region on Sunday. Rivada’s global low-latency point-to-point orbital network, called OuterNET, through which the secure connectivity between satellites in space take place. OuterNET is a unique next-generation constellation, which operates in combination […]
Software giant Microsoft, on Thursday, said it introduced Copilot key in the keyboard of Windows 11 personal computers (PCs) to seamlessly access artificial intelligence (AI) and simplify as well as amplify the computing experience to the users. The introduction of the Copilot key represents a notable milestone as the first substantial modification to the Windows […]
Automobile manufacturers Hyundai Motor and Kia Corp signed an agreement with cable maker Gore to co-develop polymer electrolyte membranes (PEM) for hydrogen fuel cell systems, on Friday. The car maker said the ultimate goal of this collaboration is to develop an advanced PEM for next-generation fuel cell electric commercial vehicles, the signing took place at […]
Tech company Sony Ventures Corp appointed insider Kazuhito Hadano as its chief executive officer, on Friday, replacing Gen Tsuchikawa, CEO and Chief Investment Officer, effective January 1. Hadano has been with the company since 1997, serving in various roles of hierarchy, and contributing to the mergers and acquisitions of the company, partnerships, and investment management. […]
Westat appointed Oswaldo Holguin, Chief Financial Officer at trading company Creative Associates International, to take over as the new Financial Chief of the survey firm on Thursday. Prior to taking over the new role of CFO at Westat, Holguin worked with Creative Associates International since September 2014. He also held various leadership roles at Abt […]
Islamic financial institution Ajman Bank launched its real estate subsidiary Skyrise Properties on Thursday, aiming to expand in the real estate asset management market. The newly launched real estate firm will be based in UAE and operate as an autonomous entity with its own distinct identity, systems, and team, said Ajman Bank. Mohammed Al Shamsi, […]
LG Electronics, on Wednesday, said the home appliances maker along with the State of West Virginia are partnering to grow new business ventures in the state, with an aim to advance the development of new technologies for renewable energy, healthcare, and industries of future. The company said businesses developed by LG NOVA, LG Electronics North […]
Motor vehicle manufacturers Hyundai Motor and Kia Corp, on Wednesday, collaborated with Samsung Electronics to provide car-to-home and home-to-car service to its customers, along with enhancing the connectivity between residential and mobility spaces. The firm said the newly built collaboration aims to integrate Hyundai and Kia’s connected car services and Samsung’s Internet of Things (IoT) […]
Shanghai Electric said its energy storage business of 100mw/100mwh REP1&2 Energy Storage Station project in Kent, UK, entered commercial operation on Wednesday. The company said the development marks the grid connection of Fiskerton II-A solar project, final one of the eight solar projects in the country. Two projects are built in East and Southeast England, […]
Internet service provider TelMAX, on Wednesday, appointed Michael Strople, board member of the company to take over as its new chief executive officer, effective January 2. Prior to the appointment as CEO, Strople joined telMAX’s board in July 2022, while he served as CEO of telecommunications firm Allstream. Before which, he assumed various other leadership […]
Architecture and planning company Martela Group, on Wednesday, said it will lay off about 6% of jobs to restructure its work operations due to challenging market situations leading to weakening its business volume and profitability. The firm said this planned action aims to improve the service experience of Martela’s customers as well as to mitigate […]
Diagnostics solution provider Qiagen said it will expand its business in the Middle East region with regional headquarters in Riyadh, Saudi Arabia, on Wednesday, with an aim to improve its ability to serve clients in the area. The company said the expansion is also to accommodate its growing regional presence and customer needs, Qiagen will […]
Energy firm Dragon Oil started production of crude oil from state-owned oil discovery Al Wasl field (also known as North Safa), in the Arab Republic of Egypt, on Tuesday. The firm said it is set to drill seven new wells over the next two years as per the agreed plan with Egyptian authorities to achieve […]
Infrastructure firm Ara Partners acquired a majority interest in energy provider firm USD Clean Fuels to bring critical infrastructure solutions in the North American renewable fuel market, beginning with West Colton Rail Terminal, on Tuesday. The company said as part of the deal, USDCF also acquired the West Colton Rail Terminal, a fully operational biofuels […]
