MELBOURNE, AUSTRALIA: Orica Limited (ASX: ORI) has entered into an agreement to sell its Minova business to Aurelius Group (ETR: AR4), a European based investment firm, for A$180 million, a news release said. Orica Managing Director and CEO Sanjeev Gandhi said: “The sale of Minova is consistent with our refreshed strategy, which identified Minova as…
IHC approves Al Tamouh Investments and Al Qudra Holdings merger
ABU DHABI, UAE: International Holding Company (IHC) has formally agreed to the merger of its subsidiary Al Tamouh Investments with Al Qudra Holding, a news release said. The transaction will be completed through the transfer of shares in Al Tamouh Investments in return for unsecured mandatory convertible bonds issued by Al Qudra Holding. In parallel,…
ADNOC Distribution signs deal to fuel Cars Taxi fleet in UAE
ABU DHABI, UAE: ADNOC Distribution has formed an exclusive partnership with Cars Taxi. The five-year deal sees ADNOC Distribution as only supplier of fuel and lubricants for Cars Taxi’s 3,000+ strong fleet in UAE, a news release said. The contract will supply all Cars Taxi vehicles with fuel and ADNOC Voyager lubricant in a deal…
GFH AND Wafra partner to acquire portfolio of U.S. logistics assets
MANAMA: GFH Financial Group has partnered with Wafra International Investment Company, a Kuwaiti based asset management company with US$8.5 billion in AUM, to acquire a portfolio of US-based blue chip logistics assets leased to FedEx and General Mills. The portfolio is comprised of eight income-yielding mission critical logistics assets that are being built to suit…
SBP to launch Asaan Mobile Account
KARACHI, PAKISTAN: The State Bank of Pakistan (SBP) will be launching a new initiative, Asaan Mobile Account (AMA) on Monday, December 13, 2021, a news release said. The initiative has been developed under the National Financial Inclusion Strategy with objective to bring further ease in remote account opening under branchless banking. “This means that the…
Useful Tips That Will Help You Effectively Boost Your Sales
Boosting sales is not an easy task. It’s important to know what you’re doing and where you should focus your efforts. There are many things that can be done in order to effectively boost your sales, but you should always consider embracing the following tips. Take Advantage Of Technology Good tech is essential for every…
How to Make a Sofa Bed More Comfortable?
Believe it or not, a sofa bed is one of the greatest additions to the decor industry. It is one piece of furniture we absolutely love, and perhaps this is why you find it in almost every house in the UK. It can be converted into a bed when needed, and into a sofa when…
UpCounsel CEO KJ Erickson raises $3.9mn from retail investors
SAN FRANCISCO: UpCounsel CEO KJ Erickson, a 4-time founder and Y Combinator, Stanford and Oxford Alumna, became the first female CEO to raise over $3.9 milion in a Regulation Crowdfunding campaign on Wefunder, the most popular retail investor platform in the United States. UpCounsel is the leading online marketplace connecting businesses with experienced independent attorneys….
6 Important Things That Every Healthcare Business Owner Must Know About
Starting up a business has never been easy; instead, it is tough and challenging. So, suppose you are starting or already have a healthcare business; it might even be harder, as the rules in this line of work are more intense. In that case, you know it is not child’s play, and you must be…
Horisont and Helen enter hydrogen economy & carbon storage cooperation
SANDNES, NORWAY: Horisont Energi AS and the Finnish energy company Helen Ltd have signed a memorandum of understanding for cooperation in the areas of hydrogen economy & carbon storage. The companies are jointly exploring the capture of carbon dioxide from power plant flue gases and the utilization, logistics and storage of the recovered carbon dioxide. “Carbon dioxide is a…
Pirum Systems secures new investor to accelerate its global growth strategy
LONDON, UNITED KINGDOM: Pirum Systems, a leading provider of post-trade automation and collateral management technology for the global securities finance industry, announced that Hg, a leading software and services investor, will become a significant shareholder in the company. Hg will share joint control with Pirum’s current backers Bowmark Capital, the technology and services investor, which invested…
Saint-Gobain divests its glass processing business in Denmark
LONDON, UK: Saint-Gobain has sold its regional glass transformation business Glassolutions in Denmark to the German glass manufacturer Semcoglas Holding GmbH. Glassolutions in Denmark employs approximately 160 people across 4 distribution sites and 2 production sites, with sales of around €30 million in 2020. This transaction is part of Saint-Gobain’s continued portfolio optimization strategy to…