LONDON: Sally Jones-Evans is to be appointed the new chair of Principality Building Society’s Board in April 2021, subject to regulatory approval. This follows an external search led by the Board’s Senior Independent Director, Derek Howell. Cardiff-born Sally will become the first female chair in the Society’s 160-year history and will succeed Laurie Adams who…
Unity acquires RestAR to enable AI-based 3D Capture
SAN FRANCISCO: NYSE listed Unity announced the acquisition of RestAR, a Tel Aviv-based computer vision and deep learning company. Coming on the heels of the launch of Unity Forma, a new tool that allows marketers to create and publish interactive experiences from 3D data, RestAR will extend the power of interactive RT3D technology to marketers…
Oshkosh Corporation to acquire Pratt Miller in a $115 million deal
OSHKOSH: Oshkosh Corporation has entered into a definitive agreement to acquire Pratt Miller, which specializes in advanced engineering, technology and innovation across the motorsport and multiple ground vehicle markets, for $115 million. Additional terms of the transaction were not disclosed. Pratt Miller will maintain its name, team members, facilities and branding elements. Founded in 1989…
Al Ramz Capital executes first SLB transaction on DFM
DUBAI: Dubai Clear, a subsidiary of Dubai Financial Market (PJSC) today announced that Al Ramz Capital has successfully executed the first Securities Lending and Borrowing (SLB) transaction to settle its Market Making transaction. This is the first end-to-end transaction using the SLB facility for settlement on the DFM. The Securities Lending and Borrowing (SIB) allows…
AI Ramz Capital
Founded in 1998, AI Ramz Capital is a UAE domiciled public joint stock company listed on the Dubai Financial Market and regulated by the UAE Securities and Commodities Authority and the Dubai Financial Services Authority. www.alramz.ae
Eltel signs 3-year frame agreement with Telia in Finland worth about EUR 110 million
HELSINKI: Eltel’s Communication business in Finland has signed a three-year continuation of a current frame agreement with Telia regarding fixed and mobile telecom services. The agreement is worth about EUR 110 million. The agreement includes a wide range of telecom services, including 5G rollout, and is a continuation of an existing frame agreement with Telia….
Agilyx and Braskem collaborate to explore advanced recycling project in North America
PHILADELPHIA: Agilyx Corporation, a wholly owned subsidiary of Agilyx AS, and Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the initiation of a feasibility study to explore the development and construction of an advanced plastics recycling project in North America. The project aims to examine…
Singapore Exchange named Regulation Asia’s Exchange of the Year for 3rd year running
SINGAPORE: Singapore Exchange (SGX) has again been recognised as the “Exchange of the Year” in the 3rd Regulation Asia Awards for Excellence 2020. This is the third time SGX has received the accolade. The 2020 award recognised SGX’s achievements in sustainability and innovation. Cited in the award were SGX’s initiatives to boost awareness of ESG…
Medallia appoints Elizabeth Carducci as Chief Revenue Officer
SAN FRANCISCO: Medallia Inc. announced that Elizabeth Carducci has been promoted from executive vice president, industry solutions and GTM strategy to chief revenue officer. Reporting to the chief executive officer, Elizabeth will add leading the global industry sales function to her current responsibilities of directing the solutions consulting, solutions principals, product marketing and market intelligence…
Nokia provides mid-point update on strategy and operating model
ESPOO, FINLAND : Nokia provides an update on its strategy and operating model. On October 29 Nokia announced the first phase of its new strategy, outlining high-level strategic principles alongside a new operating model designed to better position the company for changing markets and align with customer needs. The new model is effective from January…
Skanska signs contract to expand airport in Portland, Oregon, USA
HELSINKI, FINLAND: Skanska has signed a contract amendment with the Port of Portland for improvements and expansion to the Portland International Airport in Portland, Oregon, USA, in a joint venture with Hoffman Construction Company. Skanska’s share of the contract is worth USD 80M, about SEK 670M, which will be included in the US order bookings…
Equinor appoints Ulrica Fearn as new chief financial officer
OSLO: Equinor ASA announced that Ulrica Fearn is appointed chief financial officer (CFO) and executive vice president, with effect from 16 June 2021. Fearn will succeed acting CFO Svein Skeie, who will become senior vice president CFO Performance Management and Risk with effect from the same date. Fearn is currently Director of Group Finance at…