SANTO DOMINGO: Arajet, the flagship airline of the Dominican Republic, has launched its United States operations with flights connecting the Dominican Republic to Miami and San Juan, Puerto Rico. New York flights are expected to commence soon. Tickets for flights to 25 destinations are now available, with one-way fares starting at $84. The airline will…
Global tourism nears pre-pandemic levels
International tourism nearly reached pre-pandemic levels between July and September 2024, hitting 99% of 2019 figures, according to a recent World Bank report. An estimated 447 million international tourists traveled globally during this period, marking a 7% increase from the same period in 2023. Despite this growth, the pace slowed compared to earlier quarters of…
Eurobank and LTIMindtree launch global delivery center in India
ATHENS: Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has announced a multi-year partnership with global technology consulting and digital solutions company LTIMindtree. The collaboration aims to enhance customer experience by improving banking operations and developing innovative IT services for Eurobank and its subsidiaries. Facilitated by Fairfax Digital Services, the partnership includes…
Travelers Europe appoints Mike Lawton as Chief Operating Officer
LONDON: Travelers Europe announced today that Mike Lawton has been appointed Chief Operating Officer. Lawton will report to Matthew Wilson, Chief Executive Officer of Travelers Europe, and will oversee the day-to-day business operations and the implementation of the company’s strategy. “Mike has been an invaluable member of our leadership team for many years,” said Wilson….
EQVA ASA to acquire 100% of IMTAS Group shares
OSLO: EQVA ASA has announced an agreement to purchase 100% of shares in IMTAS AS and its subsidiaries, excluding IMTAS Eiendom AS. The acquisition, conducted by EQVA’s wholly-owned subsidiary Eqva Industrial Solutions AS (EIS), aims to enhance EQVA’s service offerings and market position, increasing revenue by approximately 30%. The transaction, valued at NOK 190 million…
KKR submits proposal of £1.6 billion to acquire Assura share capital
LONDON: Kohlberg Kravis Roberts & Co. L.P. (KKR) has confirmed that it submitted its fourth non-binding proposal to the board of Assura, offering a potential cash deal for the company’s entire issued and to be issued share capital. The latest proposal, which was sent on February 13, 2025, values Assura shares at 48.0 pence each,…
Orosur completes phase one of El Pantano Gold Project JV, earns 51% stake in Deseado
LONDON: Orosur Mining Inc. (TSXV/AIM:OMI) has successfully completed the first phase of a two-phase exploration joint venture for the El Pantano gold project in Santa Cruz province, Argentina, marking a significant milestone in the project’s development. After investing $1 million over three years, Orosur has earned a 51% interest in Deseado Dorado S.A.S, the Argentine…
Tekmar Group appoints Marc Bell as Chief Operating Officer
LONDON: Tekmar Group plc (AIM: TGP), the leading provider of technology and services for the global offshore energy markets, announced the appointment of Marc Bell, current Managing Director of Tekmar Energy, as Chief Operating Officer (“COO”) of Tekmar Group. Marc brings nearly 25 years of experience of business leadership experience across manufacturing, service, and project…
Intelligent Monitoring Group to acquire KOBE Pty Ltd in strategic expansion
PERTH: Intelligent Monitoring Group (IMG), a leading security solutions provider, announced on February 17, 2025, that it has entered into a binding agreement to acquire KOBE Pty Ltd, a Queensland-based supplier of advanced security systems. The acquisition is part of IMG’s strategy to expand its national footprint in the commercial and enterprise sectors. Under the…
Smart Parking expands into U.S. with acquisition of Peak Parking
MELBOURNE: Smart Parking Limited (ASX:SPZ), a global leader in parking technology, announced on Monday its entry into the U.S. market with the acquisition of Peak Parking LP, a boutique parking operator based in Texas. The deal, valued at up to $36 million, marks a significant step in Smart Parking’s geographic expansion strategy. The acquisition will…
CTP launches €57 million project for Hitachi Energy in the Czech Republic
BRNO: CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has embarked on an ambitious project for its long-time partner, Hitachi Energy, at CTPark Brno. The first phase of this project involves a €57 million investment in constructing a 50,000 square meter state-of-the-art high-voltage products factory,…
IFC commits $20 billion investment in Pakistan over next decade
The International Finance Corporation (IFC), an arm of the World Bank, announced plans to invest $2 billion annually in Pakistan over the next ten years. This $20 billion investment will focus on water-related projects, infrastructure development, energy, and ports. IFC Chief Makhtar Diop met with Finance Minister Muhammad Aurangzeb to discuss the expansion of investments…