DUBAI, UAE: Emirates is ramping up its operations and expanding services across its network to meet strong leisure travel demand over the summer, as entry restrictions ease for travelers, a news release said. The airline has been gradually and safely rebuilding its route network and advancing its strategy to optimize its presence in key markets…
Facebook launches financial education initiative for women-led businesses in Pakistan
KARACHI, PAKISTAN: Facebook is expanding its women-empowerment focused initiative, ‘SheMeansBusiness’ to bolster financial inclusion and resiliency of women-led businesses in Pakistan, a news release said. Implemented in partnership with State Bank and the USAID Small and Medium Enterprise Activity (SMEA), the program’s new component, ‘Business Resilience through Financial Education (BRFE)’ aims at improving financial management…
Aeon Metals Limited appoints Dr Fred Hess as new Managing Director and CEO
SYDNEY, AUSTRALIA: Aeon Metals Limited has appointed Dr Fred Hess as its new permanent Managing Director and CEO, effective immediately. Dr Hess has been acting in the role of Interim Managing Director and CEO since March 2021.Thedecision to appoint Dr Hess in a permanent capacity has been taken by the Aeon Board as a direct…
Korian S.A in exclusive talks to buy Osny psychotherapy centre
PARIS, FRANCE: Korian S.A, the leading European care services group for elderly and fragile people, has entered exclusive talks to acquire the Osny psychotherapy centre. This modern facility is located within a multi-discipline hub that features a number of healthcare and medico-social facilities on a 7-hectare site, facilitating care pathways and access to care for…
Marcon Gruppen signs contracts worth SEK 53 million
OSLO, NORWAY: Marcon Gruppen AB, a wholly owned subsidiary of Endúr ASA, has during the past month won several marine infrastructure contracts in Sweden, worth a total of SEK 53 million. A total of nine new contracts have been entered into during the past month, ranging from SEK 1.2 to SEK 16 million in contract…
Ørn Software acquires Finnish SaaS company, Rapal for NOK 374 million
TRONDHEIM, NORWAY: Ørn Software has signed an agreement to acquire the Finnish Real Estate Software-as-a-Service (SaaS) company Rapal, thus expanding into Finland. The acquisition of Rapal represents Ørn Software’s first step into Finland, a news release said. “Through the acquisition of Rapal, Ørn Software continues to execute on its geographical expansion and growth plan. Rapal’s…
CMA to investigate Amazon and Google over fake reviews
LONDON, UK: The CMA has opened a formal probe into Amazon and Google over concerns that they have not been doing enough to combat fake reviews on their sites. In this next phase of the work, the Competition and Markets Authority (CMA) will gather further information to determine whether these two firms may have broken consumer…
Kanabo Group announces initial commercial scale production
LONDON, UK: Kanabo Group Plc, London-based medical cannabis R&D company, in partnership with Pure Origin Group, has completed its first EU-GMP production line. This production marks the end of the Company’s pilot sales and preludes a full product launch within Kanabo’s primary markets, with the company embarking on the second phase of its sales plan…
TotalEnergies with Qatar Petroleum win two new shallow water exploration licenses
PARIS, FRANCE: TotalEnergies and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021, a news release said. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30 meters and 50 meters, and adjacent to the TotalEnergies operated Block 58, where 4 significant…
Synchronoss Technologies announces $100 million public offering of common shares
BRIDGEWATER, N.J: Synchronoss Technologies Inc. intends to offer and sell $100 million of shares of its common stock in an underwritten public offering, a news release said. Synchronoss also expects to grant the underwriters a 30-day option to purchase up to an additional $10 million of shares of common stock sold in the offering, at…
Morgan Stanley Capital proposes to reclassify Pakistan into MSCI Frontier Markets
KARACHI, Pakistan: In a recent development, Morgan Stanley Capital International (MSCI) has proposed to reclassify Pakistan into MSCI Frontier Markets (MSCIFM) from MSCI Emerging Markets (MSCIEM). “MSCI has been artificially maintaining Pakistan’s stature in Emerging markets since the country has been no longer meeting EM standards for size & liquidity criteria for last 19 months,”…
BMO Capital led syndicate acquires Lucara Diamond shareholding for C$22 million
VANCOUVER, B.C: Lucara Diamond Corp. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets under which the underwriters have agreed to buy on bought deal basis 29.4 million common shares at a price of C$0.75 per Common Share for gross proceeds of approximately C$22 million. The Company has granted…