MONTREAL: Peak Fintech Group Inc., an innovative Fintech service provider to the Chinese commercial lending sector, has signed an agreement with China UnionPay subsidiary, Rongbang Technology Ltd. The agreement will give Peak Fintech the ability to process payments, settle transactions and transfer funds between lending institutions, banks and the businesses that are part of its…
GameSquare Esports appoints Jan Neumeister as Head of European Operations
TORONTO: GameSquare Esports Inc., an international esports company, announced that Jan Neumeister has joined GameSquare Esports as its new Head of European Operations. Neumeister, who has nearly two decades of experience in media, digital marketing and the monetization of assets, has been at the forefront of a content revolution and has guided brands, platforms, and…
Plc Uutechnic Group Oyj’s CEO Jouko Peräaho steps down position, Dominic Hill appointed new CEO
HELSINKI: Plc Uutechnic Group Oyj’s CEO Jouko Peräaho steps down from his position as the company’s CEO. Peräaho has held the CEO position since March 2017, and before that, he has acted as Uutechnic Oy’s CEO since its founding. Peräaho will step down from the CEO position effective immediately, and will continue as a member…
Emirates Group rolls out COVID-19 vaccination programme
DUBAI: The Emirates Group Monday rolled out a COVID-19 vaccination programme for its substantial UAE based workforce in coordination with the Dubai Health Authority and the Ministry of Health and Prevention. The inoculation drive began this morning, with priority being placed on its frontline aviation workforce, including Cabin Crew, Flight Deck and other operationally focused…
GIB Capital named best debt house for Saudi Arabia and Bahrain by EMEA Finance
RIYADH: GIB Capital, the Riyadh-based investment banking and asset management arm of Gulf International Bank – Saudi Arabia, has been named Best Debt House, Saudi Arabia and Best Debt House, Bahrain at the EMEA Finance Middle East Banking Awards 2020. Now in its 13th year, the awards recognise excellence in commercial, investment and Islamic banking…
DFM commences Real Estate Investment Trusts trading with listing of Al Mal Capital’s REIT
DUBAI: Dubai Financial Market (DFM) Monday hosted a bell ringing ceremony to celebrate the commencement of Real Estate Investment Trusts (REITs) trading with the listing of Al Mal Capital’s REIT, (trading symbol: AMCREIT). The introduction of REITs is a key milestone in DFM’s journey to diversify product offering and asset classes, broadening the scope of…
Aker Carbon and Hitachi Zosen collaborate on CCUS solutions for European waste to energy industry
OSLO: Aker Carbon Capture and Hitachi Zosen Inova (HZI) have signed a Memorandum of Understanding (MoU) aimed at accelerating carbon capture solutions in the waste to energy industry in Europe. The agreement outlines the two companies’ ambition to combine Aker Carbon Capture’s patented and HSE-friendly CCS technology with HZI’s proven capabilities as a turnkey supplier…
OMV Petrom proceeds with EUR 32 million new drilling campaign in the Black Sea
LONDON: OMV Petrom, the largest energy company in Southeastern Europe, initiated a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. The first drilling operations started at the end of December 2020 and the drilling of the second well will start at the beginning of this year. The…
Total divests 10 percent interest in onshore Oil Mining Lease to TNOG Oil & Gas Limited
PARIS: Total SE has completed the divestment of its 10% interest in onshore Oil Mining Lease (OML) 17 to the Nigerian company TNOG Oil & Gas Limited, a related company of Heirs Holdings Limited and of Transnational Corporation of Nigeria Plc (Transcorp), for about $180 million, out of which about $150 million was paid at…
An van Es Johansson resigns as board director in BioInvent International
LUND, SWEDEN: BioInvent International AB announced that An van Es Johansson will resign as a director of the board effective as of 15 February 2021. She has served as a director of the board since 2016. The resignation is due to personal reasons. She will continue to advise BioInvent as an independent advisor. BioInvent International…
Nornickel’s Palladium Fund launches ETCs on Deutsche Börse
MOSCOW: Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces that Global Palladium Fund (GPF), founded by Nornickel, has launched Exchange Traded Commodities (ETC) for metals on Deutsche Börse giving markets low-cost access to commodity investment opportunities. The fund intends to launch the ETCs on…
Scatec ASA receives regulatory approvals to acquire SN Power
OSLO: Reference is made to the stock exchange release on 16 October 2020 where Scatec ASA announced the acquisition of SN Power from Norfund. Scatec has now received all necessary regulatory and local competition approvals, and the company expects to close the transaction in first quarter 2021. Scatec is a leading renewable power producer, delivering…