DUBAI, UAE: DP World has created an investment platform in partnership with the UK’s development finance institution and impact investor CDC Group (CDC), a bourse filing said. The platform covers a long-term investment period. DP World is contributing its stakes in three existing ports initially and expects to invest a further $1 billion through the platform over the next several…
Jack Bai appointed CEO of GSTechnologies Limited
LONDON, UK: GSTechnologies Limited, the fintech and information technology solutions company, announced the appointment of Mr Bai GuoJin (Jack Bai), an existing Executive Director, as the Company’s new Chief Executive Officer with immediate effect. Jack Bai, who joined the GST board in January 2021, has over 30 years’ experience in software development for the financial…
Econocom helps create Europe’s leader in open source
PUTEAUX: Econocom, Europe’s first digital general contractor, has announced that its satellite Alter Way, an emblematic player in open source in France, will be joining the Smile group, which seeks to bolster its role as Europe’s open-source leader. Alter Way will remain a special business partner to Econocom in open-source services. Jean-Louis Bouchard, Econocom’s founder…
Peter Ward appointed as new CEO for MOQ Limited
SYDNEY, AUSTRALIA: MOQ Limited has appointed Peter Ward as Chief Executive Officer. Peter is an experienced business leader, a bourse filing said. As Managing Director for WARDY IT Solutions prior its acquisition by MOQ Limited, he grew the company to be Australia’s leading provider of Data Platform and Data Analytics services and solutions. Peter has…
Carbon Transition ASA invests NOK 40mn in CO2 Capsol
OSLO, NORWAY: Carbon Transition ASA has made its third investment under its new strategy by investing NOK 40 million in CO2 Capsol AS and thereby supporting their pre-IPO financing round to accelerate CO2 Capsol’s growth. The investment provides Carbon Transition with a 6.8% fully-diluted ownership in CO2 Capsol. CO2 Capsol’s patented carbon capture technology has…
Jean-Baptiste Lucas appointed CEO of McPhy Energy
LA MOTTE-FANJAS: McPhy Energy, a specialist in hydrogen production and distribution equipment, announced that the Board of Directors appointed Jean-Baptiste Lucas as Chief Executive Officer, replacing Luc Poyer. Jean-Baptiste Lucas’ mandate will take effect on October 18, 2021. Consequently, the Board of Directors has decided to redissociate the functions of Chairman of the Board of…
PLL’s LNG tender for 8 cargoes receives zero bids
KARACHI, PAKISTAN: These winters are going to be even colder primarily due to severe gas shortage, while the LNG tender issued by Pakistan LNG Limited (PLL) for 08 cargoes for December and January received not one bid by the suppliers. PLL had invited bids for supply of eight cargoes of the liquefied natural gas (LNG)…
valU wins “Fintech Company of the Year” at Entrepreneur Middle East’s Tech Innovation Awards 2021
CAIRO, EGYPT: valU, Egypt’s leading buy-now pay-later fintech platform, announced that it was recognized as the “Fintech Company of the Year” at the Tech Innovation Awards 2021, hosted by Entrepreneur Middle East of BNC Publishing on 6th of October at the Raffles Hotel in Dubai. valU was lauded for its outstanding achievements and growth, with…
Arribatec Group completes Integra Associates acquisition
OSLO, NORWAY: Arribatec Group ASA announced the completion of the acquisition of Integra Associates, a global elite partner of Unit4, to create the world’s largest provider of Unit 4 ERP services and solutions. Reference is made to the stock exchange notice 4 May 2021 regarding the letter of intent to acquire Integra Associates. Integra is…
Highway Capital to acquire Guinevere Capital Esports & Entertainment
LONDON, UK: Highway Capital Plc has entered into (non) legally binding head of terms for the acquisition of Guinevere Capital Esports & Entertainment, which if completed will constitute a reverse takeover under the Listing Rules. Guinevere is known for bringing together the traditional sports and esports world both from a performance and commercialisation standpoint and…
ABN AMRO to simplify organisational setup, appoint new board members
AMSTERDAM: To further strengthen its strategy execution and serve its clients as a personal bank in the digital age, ABN AMRO is simplifying its organisational setup and intends to appoint new Executive Board members. Three client units organised around segments will replace the current four business lines. Choy van der Hooft-Cheong (1971) and Dan Dorner…
Golden Ocean sells two Panamax vessels, to construct four Kamsarmax vessels
OSLO, NORWAY: Golden Ocean Group Limited, one of the world’s largest listed dry bulk shipowners, announced the sale of two older Panamax vessels, Golden Opportunity and Golden Endurer, and an agreement to construct four Kamsarmax vessels. The aggregate sale price of the vessels is $37.2 million, and the Company expects to record gain from sale…