AMSTERDAM: Arcadis announced the release of its Data Center Location Index 2021, which lists the most favorable markets for localization. Following the United States, Singapore and Japan, Sweden and Norway took the fourth and fifth spots, respectively. The Arcadis Data Center Location Index 2021 includes 50 markets across six continents ranking optimal places to build…
Dubai Sustainable Finance Working Group launches two guides for sustainable issuance and investment
DUBAI: The Dubai Sustainable Finance Working Group has published two comprehensive guides as part of Dubai’s efforts to accelerate its leading position and expansion of Environmental, Social and Governance (ESG) and sustainable finance in the UAE and wider region. The guides inform issuers and investors about best practices in the rapidly expanding ESG sector and…
Al Moammar Information Systems and Abunayyan Holding to jointly develop green data centers in KSA
RIYADH: Al Moammar Information Systems (MIS) has signed a non-binding memorandum of understanding (MoU) with Abunayyan Holding Group to establish a joint venture company with the aim of exploring the feasibility of building and developing green data centers based on renewable energy in the Kingdom of Saudi Arabia (KSE). The MOU provides a general framework…
Aljazira Takaful enforces decision to merge Solidarity Saudi Takaful into Aljazira Takaful
RIYADH: Al Jazira Takaful Company announced the enforcement of the decision to merge Solidarity Saudi Arabia into Al Jazira Takaful Company and transfer all the assets and liabilities of Solidarity Saudi Company to Al Jazira Takaful Company. Al Jazira Takaful Company will issue 12.066 million ordinary shares with a nominal value of Ten Saudi riyals…
Vodafone Qatar unveils enhanced Giganet Network
DOHA, QATAR: Vodafone Qatar has launched a new cross-country campaign to showcase the improvements it has made to its GigaNet network. The campaign demonstrates that the Vodafone network is at its strongest, biggest and fastest point in the Company’s history, in order to better support both consumers and businesses. Since 2018, Vodafone Qatar has poured…
Tabreed expands its R&D funding commitment to boost efficiency and sustainability
ABU DHABI: National Central Cooling Company PJSC (Tabreed) has announced the launch of four pilot projects, which are part of Tabreed’s R&D funding commitment, which reinforces the company’s unwavering stewardship towards sustainability beyond just environmental benefits. This will also contribute to an improvement in Tabreed’s operational efficiency while enhancing district cooling plant life and reliability,…
Euronext to complete Borsa Italiana acquisition in the first half of 2021 as EC approval received
AMSTERDAM: Euronext confirmed on Friday the European Commission (EC) approved Euronext’s contemplated acquisition of the Borsa Italiana Group. This approval further improves the certainty of execution of the transaction, by satisfying an additional major condition for the completion of the Transaction. Borsa Italiana, based in Milan, is Italy’s stock exchange. It manages and organises domestic…
LNG demand set for growth as global economies recover
LONDON: Global liquefied natural gas (LNG) trade increased to 360 million tonnes in 2020, according to Shell’s latest annual LNG Outlook published today, despite the unprecedented volatility caused by the COVID-19 pandemic which resulted in lockdowns around the world. Though marginal, the increase in volume reflects the resilience and flexibility of the global LNG market…
Golden Leaf Holdings signs intent to acquire multi store chain in Northwest Oregon
PORTLAND: Golden Leaf Holdings, a consumer-driven cannabis company, has signed a non-binding letter of intent to acquire a multi store chain in the Northwest Oregon, a news release said. These stores are expected to generate at least US$10 million in annual run rate revenue (based on unaudited January 2021 results) and had a net operating…
Global Wellness acquired KaleidoUSA
VANCOUVER: Global Wellness Strategies Inc. has signed a binding letter of intent to acquire 100% of with KaleidoUSA, a company focused on myco-dosing and the production of consumer packaged products. “We are extremely fortunate to welcome Leah Kinkaid and her world famous experts to the Global Wellness family. Being the first company with direct access…
Powur and Enphase Energy launch solar-plus-storage
FREMONT: Enphase Energy Inc., a global energy management technology company officially launched Enphase Solar and Storage products on the Powur platform at the Powur 2021 Scale Up National Virtual Convention held on Feb. 20, 2021. Powur, a public benefit corporation and certified B-Corp, is ranked No. 938 on the 2020 Inc. 5000 list of Fastest-Growing…
mdf commerce signs agreement with Mason Companies to provide product catalogue solution
MONTREAL: mdf commerce Inc. (MDF), a leader in SaaS commerce technology solutions, announced that Mason Companies Inc., a US-based retailer, has signed an agreement with its Supply Chain platform InterTrade for its product catalogue solution. With this multi-year agreement, Mason Companies, Inc. confirms that the InterTrade Product Catalogue of mdf commerce is their solution of…