LONDON, UK: Aquis Exchange (AQX.L), the exchange services group, announced that Glenn Collinson has been appointed to succeed Niki Beattie as Chair of Aquis Exchange. The appointment is effective 1 January 2022. Niki steps down from the Board after nine years, having joined Aquis Exchange as its first Chair in January 2013. Glenn’s appointment follows…
UnUsUaL enters joint venture targeting the NFT market
SINGAPORE: UnUsUaL Development Pte. Ltd., a wholly owned subsidiary of UnUsUaL Limited, has entered into a strategic partnership to expand into the fast-growing NFT market. UnUsUaL will jointly incorporate a new entity, FunBase Pte. Ltd. with Season Culture Pte. Ltd. and a third party angel investor. UnUsUaL will hold 30% of the equity interest in…
Seadrill gets $549 million contracts from Petrobras
HAMILTON, BERMUDA: Seadrill Limited has secured two contracts with Petroleo Brasileiro S.A. (Petrobras) for the West Carina and West Tellus rigs for work on the Búzios field offshore Brazil. Both contracts have been signed on a 3-year fixed-term basis, with expected commencement in September 2022. Total contract value for the two contracts is approximately $549m…
UCW Limited offloads Gradability for $2.2mn
SYDNEY, AUSTRALIA: UCW Limited has completed the sale of 100% of Gradability to Online Education Services Pty Ltd. UCW will receive approximately $2.2 million in return for its 25% shareholding in Gradability, comprising upfront consideration of $1.9 million and deferred consideration of approximately $0.3 million, subject to certain performance milestones. UCW will incur a capital…
What Is Hosting and Why Is It Important for Data?
What Is Hosting: Hosting is the act of allotting server space and bandwidth to a website, enabling it to be seen by an audience.
Abu Dhabi Commercial Bank sells stake in Orient Takaful
ABU DHABI: Abu Dhabi Commercial Bank Group (ADCB) has completed the sale of its 20% stake in Egyptian insurer Orient Takaful PJSC to Orient Insurance Company. The transaction, which was disclosed by ADCB to the Abu Dhabi Securities Exchange on 2 November 2020, is in line with the Bank’s strategy to focus on its core…
Waha Capital Included in Key UAE and Global Small Cap Indexes by MSCI
ABU DHABI, UNITED ARAB EMIRATES: Waha Capital (ADX: WAHA), an Abu Dhabi-listed investment management company, has been selected by MSCI for inclusion in its key UAE and global small-cap indexes. The decision by MSCI, one of the world’s leading index providers, raises Waha Capital’s profile amongst global institutional investors. MSCI indexes are closely replicated by…
Carolina Brandtman resigns as CEO of Qliro AB
STOCKHOLM, SWEDEN: The Board of Directors of Qliro AB and CEO Carolina Brandtman have agreed that Carolina will leave her role as CEO of Qliro. “During her three years as CEO of Qliro, Carolina Brandtman has led the company in a meritorious way and significantly strengthened the company’s competitiveness. Under Carolina’s leadership, Qliro has gone…
Clipper & Farfetch to create ecommerce platform for luxury brands
LONDON, UK: Clipper Logistics and Farfetch Limited (NYSE: FTCH) have agreed to establish a joint venture company to formalising the creation of a global e-commerce fulfilment solution for luxury brands. Farfetch and Clipper will each own 50% of the Joint Venture. The JV will create a unique logistics offering for inventory from Farfetch’s group of…
Zwipe launches innovative enrolment solutions, breakthrough for issuers
OSLO, NORWAY: Zwipe launched a range of enrolment solutions to complement their next-generation biometric payment card platform, Zwipe Pay ONE. Seamless customer onboarding remains one of the most important components in enabling the transition to the safer and more secure payment experience provided by biometric payment cards. The Zwipe R&D team has created some exclusive…
Europris opens new store in Selbu
FREDRIKSTAD: Europris (OSE: EPR) opened a new store in Selbu in Trøndelag county. This brings the chain’s extensive network of stores to 270. Today’s opening is the fourth and final new store in 2021. The group has a robust pipeline of new stores for 2022 and beyond. Europris’ nationwide network of 270 stores covers every…
Secure Trust Bank acquires digital BNPL platform, AppToPay
LONDON, UK: Secure Trust Bank (STB) has agreed to acquire AppToPay Ltd, owner of a proprietary technology platform to support its planned entry into the digital Buy Now Pay Later (digital BNPL) market. Secure Trust Bank (STB), through its V12 Retail Finance business, is already a leading provider of point-of-sale retail finance, with a network…