In line with the continued easing of travel restrictions around the globe, Emirates has announced that its flagship A380 aircraft will soon be deployed to an expanded list of destinations starting in October and November. By the end of November, the number of cities that the aircraft will serve will be scaled up to 27,…
Monsoon Blockchain Powers Rise of Bitcoin Latinum
Monsoon Blockchain Corporation, an innovative blockchain company based in Palo Alto, California, is announcing the next generation digital cryptocurrency ecosystem for powering Bitcoin Latinum. Bitcoin Latinum is an insured, asset-backed cryptocurrency. Based on the Bitcoin ecosystem, Bitcoin Latinum is greener, faster, more secure, and poised to revolutionize digital transactions. Monsoon Blockchain serves as the prime developer…
Rolls-Royce selling ITP Aero to Bain Capital for €1.7 billion
LONDON, UK: Rolls-Royce has signed a definitive agreement to sell 100% of ITP Aero to Bain Capital Private Equity, which is leading a consortium of investors, for approximately €1.7 billion. The consortium includes interests to be held by Spanish co-investors SAPA and JB Capital. The proposed sale is a key element of Rolls-Royce’s disposal programme,…
meem by Gulf International Bank Wins “Best Islamic Digital Bank 2021”
MANAMA: Gulf International Bank B.S.C. (GIB) announced that meem, its digital retail banking arm, has been named “Best Islamic Digital Bank 2021” at the 11th Global Islamic Finance Awards (GIFA). Launched in the Kingdom of Saudi Arabia in 2014 and in the Kingdom of Bahrain in 2018, meem is the world’s first digital Islamic retail…
SHUAA to deliver £2bn worth of property developments in London
DUBAI, UNITED ARAB EMIRATES: SHUAA Capital plans to complete and deliver £2 billion worth of property projects in London through its wholly-owned subsidiary Northacre, within 8 months. Northacre is currently focused on completing its two key projects, No.1 Palace Street and The Broadway, both of which are due to complete simultaneously between the end of…
Huawei unveils seven innovations in digital infrastructure
At HUAWEI CONNECT 2021, Huawei unveiled breakthrough innovations in several different domains, providing a first look at its comprehensive digital infrastructure range. Several of these innovations are completely new, and have never been seen before outside of Huawei’s labs. The release highlighted how these products and solutions are set to shape digital infrastructure for the…
Fitch assigns Heimstaden Bostad a BBB Rating
OSLO, NORWAY: Fitch Ratings has initiated coverage of Heimstaden Bostad and assigned an investment grade rating of ‘BBB’ with stable outlook.The rating takes into consideration Heimstaden Bostad’s recently announced acquisition of Akelius’ German, Swedish and Danish residential properties and operations. Key attributes highlighted by Fitch include: Strong position as one of the leading residential property…
Faurecia offers €60/share in cash for Hella public takeover
PARIS, FRANCE: Faurecia, with its wholly owned subsidiary Faurecia Participations GmbH as bidding entity, today published the offer document for its voluntary public takeover offer in cash for all outstanding shares of Hella, a major automotive player in lighting and electronics based in Lippstadt, Germany. The offer price is €60.0 per share in cash. This…
Fitch affirms Iceland at ‘A’; outlook negative
REYKJAVÍK, ICELAND: Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with a Negative Outlook. The ‘A’ rating is driven by Iceland’s very high income per capita, very strong governance, human development and doing business indicators that are more consistent with those of ‘AAA’ and ‘AA’ rated countries. The rating is…
S&P re-affirms credit rating with outlook revised up on improved growth prospects
LONDON, UK: Victoria PLC, the international designers, manufacturers and distributors of innovative flooring, is pleased to announce that, S&P have formally improved their view of the outlook for Victoria’s 2026 and 2028 Senior Notes based on the strong trading performance of the Group, its effective mitigation of raw material price inflation, and the Group’s track…
$25 million investment into Isotropic Systems
LONDON, UK: Seraphim Space Investment Trust, the world’s first listed fund focused on Space Tech, has made an investment of $25 million into portfolio company Isotropic Systems, a leading developer of transformational broadband terminal technologies which is looking to redefine satellite communications. Isotropic’s Series B funding round, which was led by the Company’s investment manager,…
TotalEnergies and Safran for decarbonization of aviation industry
PARIS, FRANCE: TotalEnergies and Safran have signed a strategic partnership agreement to jointly develop technical and commercial solutions for the decarbonization of the aviation industry. In line with the ambition of both companies to reach net zero CO2 emissions by 2050, this major partnership aims to accelerate the reduction of the CO2 emissions of the…