KARACHI: Visa, the world leader in digital payments, released results of a survey on the impact of the COVID-19 pandemic on payment behavior of consumers in Pakistan, which are going cashless. Visa’s Stay Secure survey also looks at consumers’ general views, preferences and concerns related to digital payments and offers key insights for merchants. The…
BNET announces launch of Operations Support System (OSS) and Business Support System (BSS)
MANAMA, BAHRAIN: Bahrain’s National Broadband Network (BNET), responsible for providing broadband network services across the Kingdom of Bahrain, has announced the launch of both Operations Support System (OSS) and Business Support System (BSS) powered by Amazon WebServices (AWS) cloud platform. There has been a complete separation of BNET’s information systems technologies from Batelco’s, marking a…
Bank of Bahrain and Kuwait to acquire Ithmaar Bank’s Bahrain operations
MANAMA, BAHRAIN: The Bank of Bahrain and Kuwait (BBK), one of the largest commercial banks in Bahrain, and Ithmaar Holding, the parent of Ithmaar Bank, signed a Memorandum of Understanding (MoU) on the potential acquisition by BBK of Ithmaar Bank’s Bahrain operations as well as specific assets of IB Capital, a wholly-owned subsidiary of Ithmaar…
Mercell delivers continued growth and strategic expansion in H1 2020
OSLO: Mercell Holding (Mercell) delivered year-on-year revenue growth of 110% to NOK 68.4 million in the second quarter and 110% to NOK 125.4 million for the first half year 2020. Organic revenue growth was 34% in the second quarter. Annual Recurring Revenue (ARR) increased by 123% year-on-year to NOK 299 million at the end of…
Fitch affirms Peru LNG at BB-; assigns negative outlook
CHICAGO: Fitch Ratings has affirmed Peru LNG S.R.L’s (PLNG) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BB-‘. The Rating Watch Negative has been removed, and a Negative Outlook has been assigned. The rating also includes PLNG’s USD940 million senior unsecured notes due 2030. PLNG’s Ratings and Negative Outlook reflects weaker operational performance…
CAGW opposes using foreign price controls on U.S. pharmaceuticals
WASHINGTON: Citizens Against Government Waste (CAGW) reiterated longstanding and strong opposition to price controls on pharmaceuticals after President Trump issued a final Executive Order (EO) on Friday, September 11 to import prices from foreign nations. CAGW President Tom Schatz made the following statement: “Adopting foreign price controls from ‘most favored nations’ (MFN) for drugs sold…
Lorie McBrien departs Airbnb and joins Vector Travel
LOS ANGELES: Multifamily industry leader, Lorie McBrien, joins multifamily hospitality company Vector Travel as Vice President of Sales, a news release said. Lorie will lead Vector’s national expansion in delivering its turnkey hospitality solution to more companies within the multifamily sector. Prior to assuming her latest role, Lorie led growth at Airbnb’s multifamily division as…
Hawkesbury steelworkers make big gains at Montebello Packaging
HAWKESBURY: Members of the United Steelworkers union (USW) employed at Montebello Packaging in Hawkesbury have made big gains in a new collective agreement with the company. The Montebello workers, members of USW Local 6565, have voted to ratify a four-year collective agreement that reverses a two-tier wage system and calls for pay increases for many…
Refuelling Solutions selects PDI Logistics Cloud to support fuel distribution network
ATLANTA: Professional Datasolutions Inc. (PDI), a global provider of enterprise software solutions, announced Refuelling Solutions has chosen PDI Logistics Cloud to support its fuel delivery operation. PDI’s next-generation logistics software delivers a comprehensive, cloud-based solution that will enable the Australia-based fuel distributor to reduce its technology footprint and increase real-time operational visibility and control. Refuelling…
Smartsheet completes acquisition of Brandfolder
BELLEVUE: Smartsheet, the enterprise platform for dynamic work, has completed its acquisition of Brandfolder, a leader in digital asset management (DAM). On August 24, Smartsheet announced the company’s intent to acquire Brandfolder. This acquisition combines Brandfolder’s world-class DAM capabilities with Smartsheet’s leading collaborative work management platform to create a dynamic solution that manages workflows around…
Southern Israel Bridging Fund commits further growth funding in Dotz
SYDNEY: Dotz Nano Limited announced that its largest shareholder, Southern Israel Bridging Fund (SIBF), is committing a further $1.75 million of growth funding via the exercise of its options in the Company. SIBF has committed this additional growth funding via two tranches: Tranche 1: Immediate exercise of 9.55 million options to raise $859,500. This will…
Ai-Media lists on ASX after successful $65.5m IPO
SYDNEY: Access Innovation Holdings Limited (Ai-Media), a global provider of technology-driven live and recorded captioning, transcription and translation services, announced that trading of its shares on the Australian Securities Exchange (ASX) will commence with the code AIM, following a successful initial public offering (IPO). The IPO raised gross proceeds of $65.5 million at a price…