DUBAI: The global reopening theme bode well for hard hit UAE indices as Dubai Financial Markets (DFM) index finished January up 9.4% while its Abu Dhabi peer rallied 12.2% over the same period. “We remain optimistic on an economic recovery in 2021, especially as the country continues to handle the pandemic crisis with vigilance,” Al…
Clean Power Capital increases stakes in PowerTap to 94.5%
VANCOUVER: Clean Power Capital Corp. has increased its investment in Powertap Hydrogen Fueling Corp. by acquiring an additional 4.5% equity interest in PowerTap. As previously announced, the Company initially invested in PowerTap on October 27, 2020 by acquiring a 90% equity interest. With the latest investment, Clean Power has increased its equity interest in PowerTap…
Outlook for insurance subsidiaries of United Heritage Financial Group revised to positive
OLDWICK: Insurance sector rating agency, AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of United Heritage Life Insurance Company (UHLIC). Concurrently, AM Best has revised the outlooks to positive from stable and affirmed…
Outlook for Crusader Insurance Company and Unico American Corporation revised to negative
OLDWICK: Global rating agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Crusader Insurance Company. Additionally, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of “bb”…
i3 Verticals reports $87.7 million Business Information Systems acquisition
NASHVILLE: i3 Verticals Inc. announced the acquisition of substantially all of the assets of Business Information Systems, GP and Business Information Systems Inc. (collectively “BIS”). BIS is a business based in east Tennessee that provides software and electronic payment solutions in a variety of states. BIS will fit within the Company’s Public Sector vertical. The…
Thompson Knight designates Reveal as its preferred SaaS-based AI platform
CHICAGO: Reveal, the global provider of the leading AI-powered eDiscovery platform, announced that Thompson Knight, the Dallas-based, full-service law firm, has engaged the AI technology powerhouse to provide superior, end-to-end solutions driving today’s forward-thinking legal organizations. “Our platform has completely redefined AI innovation in the practice of law. Fueled by the world’s most powerful AI…
Voyant launches break-through campaign with The Craig Group
HOUSTON: The Craig Group and their new client Voyant, announced the launch of a category defying video campaign targeting independent financial advisors. The hilarious campaign shines a light on the extraordinary situations financial advisors find themselves in with clients. The media is micro targeting financial advisor audiences and is already seeing a 25% conversion rate….
Gaming Innovation Group to power the Playstar launch in the US market
OSLO: Gaming Innovation Group (GiG) has signed a long-term agreement with PlayStar NJ LLC for the provision of GiG’s iGaming platform technologies to power the brand’s launch in the US market. PlayStar Casino will use GiG to power its new casino offering to enter the limited license New Jersey market, having recently partnered with Oceans…
Ghandhara Nissan to manufacture Chery cars/SUVs in Pakistan
KARACHI: Ghandhara Nissan Limited has entered into formal arrangements with Chery International Corporation – Wuhu, China for manufacturing and distribution of Chery passenger cars (SUVs/ Crossovers) in Pakistan. Ghandhara Nissan has submitted its business plan to Board of Investment. The project will be executed after getting regulatory approvals and fulfillment of other ancillary requirements. Pakistan…
Air Liquide and BASF sign long-term supply agreement of oxygen and nitrogen
PARIS: Air Liquide and BASF have signed a new long-term contract for the supply of oxygen and nitrogen to one of BASF’s largest and most innovative European sites, located in Schwarzheide, Germany. Air Liquide will invest around 40 million euros in the construction of a state-of-the-art Air Separation Unit (ASU) at this flagship site for…
Sonans Holdings expresses intention to list on Euronext Growth Oslo
OSLO: Sonans Holding AS, a leading Norwegian provider of private education services, expressed intention to launch a private offering of new and existing shares in the Company and to list the Company’s shares on Euronext Growth Oslo. Sonans Gruppen is a leading private education provider in Norway. The Group was founded in 1989 to offer…
DNO ASA notifies oil and gas discovery in Norwegian North Sea
OSLO: DNO ASA, the Norwegian oil and gas operator, confirmed an oil and gas discovery on the Røver Nord prospect in the Norwegian North Sea license PL923 in which the Company holds a 20 percent interest. Preliminary estimates of gross recoverable resources are in the range of 45-70 million barrels of oil equivalent (mmboe), well…