DUBAI: Board of Directors of Al Baraka Banking Group resolved to initiate the process of converting the current license of its parent company in Bahrain from a wholesale bank to a category 1 investment firm, subject to regulatory and shareholders’ approvals. Upon receiving the new license, the Group shall continue to be supervised by the…
Exelon Generation’s nuclear plants operate at near full capacity
NEW YORK: Exelon Generation’s nuclear plants in New York, Illinois and Pennsylvania, Maryland operate at near full power through hottest summer on record keeping around 20 million homes and businesses coo. Exelon Generation’s nuclear plants in New York safely operated at nearly full power through consistently warmer-than-average days in June, July and August, producing enough…
Sun Telecom Won “Asia Famous Brand Award 2020”
SHANGHAI: Sun Telecom is awarded “Asia Famous Brand Award 2020” at the 15th Asia Brand Ceremony held at the Hainan Free Trade Port. For Sun Telecom, it is another recognition and encouragement after gaining “Leading Brands (Industry) 2017”, “Trustworthy Brand (Industry) 2017”, “China Quality Trustworthy Demonstration Enterprise 2019”, “China (Fiber Optic Communication Industry) Top Ten Quality…
Anthem announces solar power purchase agreement with SunEnergy
RICHMOND: Anthem Inc. has signed a 15-year power purchase agreement with SunEnergy, a top U.S. solar developer, owner and operator of utility-scale solar projects. The agreement is for the output from a new 182-acre (20-megawatt) solar field located in Hanover County, Virginia. The Hanover County solar field is nearly complete and expected to be fully…
Estée Lauder works with NASA to send iconic advanced night repair into space
NEW YORK: Estée Lauder announced the brand’s iconic Advanced Night Repair Synchronized Multi-Recovery Complex will launch into space. As a beauty industry leader in science and innovation, Estée Lauder is the first-ever beauty brand to participate in NASA’s efforts to enable business opportunities on the International Space Station. Advanced Night Repair serum is scheduled to…
Charles Taylor acquires SBSA Inc. (Solutions Before, Solutions After)
LONDON: Charles Taylor, a provider of services and technology solutions to the global insurance market, has acquired SBSA Inc. (Solutions Before, Solutions After). A full-service engineering and architectural firm, SBSA is licensed throughout the United States. “The addition of SBSA significantly expands and strengthens Charles Taylor’s engineering capabilities in the U.S.,” said Rob Brown, Group…
Ericsson to acquire U.S. based Cradlepoint in a $1.1 billion deal
TOKYO: Ericsson has agreed to acquire U.S.-based wireless networking firm Cradlepoint in a $1.1 billion deal, the Swedish networking and telecommunications company said on Friday. Oita Chuo Pacific Management analysts highlighted the deal is a part of its efforts to expand its 5G-related offerings for business customers. Oita Chuo Pacific Management is a recognized leader…
V2 Games acquires Techstars 2019 Alumni company ‘GameOn’
VANCOUVER: V2 Games Inc. has acquired the assets and IP of GameOn App Inc. in an all-stock transaction, a news release said. V2 Games will issue Shares to the GameOn shareholders at a price of C$0.25 per V2 Games Share with 12 months hold.V2 Games is a video and mobile game ventures firm focusing on…
GiG signs contract to launch Casino Win’s digital operation in regulated Hungarian market
OSLO: Gaming Innovation Group (GiG) has signed a long term contract with Casino Win for the provision of GiG’s platform, frontend development and managed services to launch their digital operation in the regulated Hungarian market. To complement their successful land-based operations, Casino Win is now taking their operation to the next level by entering the…
Heimstaden Bostad acquires residential portfolio worth EUR 830 million and establishes operations in Berlin
OSLO: Heimstaden Bostad has signed a purchase agreement for the acquisition of 130 properties comprising a total of 3,902 residential units, 208 commercial units and 321 parking spaces in Berlin, Germany – a total of 282,000 square meters of lettable area. Agreed purchase price is approximately EUR 830 million, which will be financed with debt…
Figure Technologies launches first digital fund services offering on blockchain
SAN FRANCISCO: Figure Technologies has launched the world’s first end to end digital funds services offering on blockchain and welcomed its first investment firm partner, a news release said. Figure’s Digital Fund Services offering leverages the Provenance blockchain to automate largely manual, paper-based processes associated with fundraising, investment fund set-up and ongoing fund management, freeing…
monday.com expands its channel partner program to North America
NEW YORK: Leading Work OS and one of the fastest-growing SaaS companies in the world, monday.com, expands its channel operations to North America with a roster of new partners ready to service the region. As collaboration software has seen an enormous boost in 2020 due to the shift to remote work, monday.com has tripled the size of its…