Gummies are a fascinating way of consuming CBD. Any rise in CBD gummy sales also has to do with market negotiations and ease of use for consumers. More and more online vendors are beginning to sell CBD at reasonable and affordable prices. The appropriate pricing makes this mode well-liked compared to other options, like oils,…
ADNOC distribution continues expansion in northern emirates
SHARJAH, UAE: ADNOC Distribution, the UAE’s largest fuel and convenience retailer, has continued its expansion in the Northern Emirates with two further openings in Sharjah, the Al Talaaa and Al Madean stations, both located in the Industrial Area. The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience…
ADNOC Drilling approves business growth plan, inclusion in FTSE Indices
ABU DHABI, UAE: The inaugural ADNOC Drilling Board meeting was chaired by Dr. Sultan Ahmed Al Jaber, ADNOC Managing Director and Group CEO, as well as ADNOC Drilling Chairman, approved ADNOC Drilling’s ambitious five-year business growth plan for 2022 to 2026, as well as the 2022 budget. These key approvals reinforce ADNOC Drilling’s integral position…
GFH intends to acquire 21.03% stake in Khaleeji Commercial Bank
DUBAI, UAE: GFH Financial Group has expressed intention to make an offer to acquire up to 187.589 million ordinary shares representing 21.03% stake in Khaleeji Commercial Bank. This acquisition will result in GFH owning 100% of Khaleeji. GFH (acting in concert together with its subsidiary, KHCB Asset Company) holds 616.057 million shares representing 69.06% of…
Atos joins Catena-X, the automotive industry network across Europe
PARIS, FRANCE: Atos is now a member of Catena–X, an open, scalable European network, based on the GAIA-X cloud infrastructure initiative, which aims to enable secure cross-company data exchange across the automotive industry to improve efficiency, accelerate innovation and decarbonization, and thereby strengthen the competitiveness of the European automotive industry. Atos, founding and Board member of GAIA-X, will be joining leading automotive manufacturers…
Turkish Petroleum awards $750mn offshore contract to Schlumberger, Subsea 7
LUXEMBOURG: Turkish Petroleum has awarded a major contract (over $750 million) to Subsea 7 S.A. for the Sakarya field development offshore Turkey in the Black Sea. The award was announced in redacted form on 29 September 2021 and the contract was recorded in the backlog of Subsea and Conventional in the third quarter. The contract…
Wine and spirits brand house, Anora announces future operating model
HELSINKI, FINLAND: Anora Group, a leading wine and spirits brand house in the Nordic region, announced its future operating model following the completion of the merger on 1 September 2021. The operating model will enable Anora to build on its strong platform in the Nordics, expand to international markets and drive productivity. Anora’s operating model…
Sivers raises SEK 400mn to fund MixComm acquisition
STOCKHOLM, SWEDEN: Sivers Semiconductors AB carried out a new issue of 17.021 ordinary shares, corresponding to approximately SEK 400 million, which will be used to finance the acquisition of MixComm Inc., and to satisfy the Company’s working capital needs Through the Directed Share Issue, the Company will receive proceeds of approximately SEK 400 million before…
Guild Esports announces launch of Apex Legends Team
LONDON, UK: Guild Esports, a global team organisation and lifestyle brand, announced the creation of its sixth professional team with the signing of a top-tier roster to compete in Apex Legends, a free-to-play hero shooter game. The team is ranked within the top ten in Europe and comprises Matej Fekonja ‘MaTaFe’ (Slovenia), Juho Sillanpää ‘Silta’…
Etalon Group acquires land Novosibirsk for residential development
MOSCOW: Etalon Group, one of Russia’s largest and longest-established development and construction companies, has acquired a 26-hectare land plot in the Novosibirsk region for a residential development project. Novosibirsk is the largest city in the Siberian Federal District and the third-largest city in Russia in terms of population. It is one of the most important…
BALYO closes €7.8 million private placement with French & int’l investors
PARIS, FRANCE: BALYO announced the success of a capital increase with cancellation of the preferential subscription right by placement of a final amount of €6.1 million to qualified French and international investors, carried-out by accelerated construction of an order book. Concurrently with the Primary Offer, funds managed by Seventure Partners, historical shareholder of the Company…
LTG completes acquisition of GP Strategies
LONDON: Further to its announcement of 8 October 2021, Learning Technologies Group plc, the provider of services and technologies for digital learning and talent management, is pleased to announce the successful completion of the acquisition of GP Strategies. The combined business will generate pro-forma revenue of c.£500 million and provide LTG with an enhanced global…