SHARJAH, UAE: Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, announced today its financial results for the quarter ended 31 March 2024. For the first quarter of 2024, the Company generated revenue of AED 356 million ($97m) and net profit of AED 139 million ($38m), marking a reduction versus Q1…
Dubai Taxi Company reports 16% revenue growth in Q1 2024
Dubai, UAE – Dubai Taxi Company PJSC (DTC), the premier mobility solutions provider in Dubai, has released its financial results for the first quarter of 2024, showcasing a continuation of its strong growth trajectory. The company’s revenue saw a significant increase of 16% year-on-year, reaching AED 558.4 million, attributed to enhancements across all operational segments….
A Beginner’s Guide to the Dow Jones Industrial Average
DJI 38,884.26 +31.99 +0.08% : DOW – MSN Money In the bustling trading floors of Wall Street, where fortunes are made and lost in the blink of an eye, there lies a pulse that beats to the rhythm of the global economy—the stock market. It’s a world where a single percentage point can translate into…
Great Places Housing Group appoints Alison Dean as new CEO
LONDON: Great Places Housing Group has appointed current Deputy Chief Executive Alison Dean as its new Chief Executive Officer following a robust recruitment process. The decision was ratified by the Board at a meeting on 2 May 2024. Current CEO Matt Harrison who has led the group for over 10 years, and been with the…
DGI partners with EVAge Motors to manufacture world-class electric motor in India
LONDON: DG Innovate (LSE: DGI), the advanced R&D company developing pioneering solutions in sustainable mobility and energy storage, has entered into an MoU to establish a transformative joint venture (JV) with EVage Motors (EVage), the fastest-growing electric truck company in India. The planned JV will allow DGI to pursue a faster, lower-cost route to high-precision…
PetroTal announces acquisition of Block 131 in Peru
HOUSTON: In a significant expansion of its operations, PetroTal Corp. has announced the successful execution of an agreement to acquire CEPSA Peruana, S.A.C., thereby securing a 100% working interest in the Los Angeles field within Peru’s Block 131. The $5.0 million cash deal marks PetroTal’s first acquisition since its Peruvian debut in 2017 and represents…
Tesla & Ford Supply Chain & Battery executive Annie Liu joins TeraWatt Technology
TeraWatt Technology Inc., a next-generation battery producer announced the appointment of former Tesla & Ford supply chain & battery executive Annie Liu as an External director. Ms. Liu boasts a proven track record of securing transformative multi-billion-dollar partnerships across the battery supply chain, encompassing cell manufacturers and facilitating Gigafactory development. She is the Founder of…
Oneflow launches a new AI-powered platform
STOCKHOLM: Oneflow (Stockholm: ONEF) has unveiled its latest innovation, Oneflow AI, an AI-augmented platform designed to revolutionize the way businesses handle contracts. Promising to accelerate the contract writing, reviewing, and analyzing processes by tenfold, Oneflow AI stands poised to transform contract management at an unprecedented scale. Anders Hamnes, the visionary CEO and Founder of Oneflow,…
Elbit Systems secures $53 million deal for Crossbow Mortar Systems
Elbit Systems Ltd. has been awarded a lucrative contract to enhance the firepower of General Dynamics European Land Systems’ armored vehicles. The $53 million agreement entails equipping the Pandur 6×6 APC wheeled armored vehicles with the state-of-the-art Crossbow Mortar Systems (Unmanned Turreted 120mm Soft Recoil Mortar Systems). The deal, which extends over a six-year period,…
EDXM Global launches innovative settlement platform in Singapore
SINGAPORE: EDXM Global (EDXMG), a pioneering digital asset company catering to institutional clients, has officially announced the debut of its state-of-the-art settlement platform. This groundbreaking development introduces a new era in the digital asset domain, offering unparalleled efficiency and reliability in over-the-counter (OTC) transaction settlements. In a landmark event, industry powerhouses GSR and Virtu Financial…
SentinelOne elevates cybersecurity with AI-driven Singularity Platform
SentinelOne revealed new features for its Singularity Platform, marking a significant advancement in cybersecurity operations. The platform’s latest capabilities are set to democratize high-level security operations, making them accessible to organizations of all sizes. Tomer Weingarten, CEO of SentinelOne, envisions a future where security solutions preemptively tackle threats, shifting from a reactive to a predictive…
Vår Energi sells Norne area assets and increases stake in Ringhorne East
SANDNES, NORWAY: Vår Energi ASA (OSE: VAR) agrees the sale of its Norne area assets to DNO Norge AS for a fixed after-tax consideration of USD 51 million, and DNO Norge AS will transfer to Vår Energi their stake in the Ringhorne East unit. The transaction with DNO is in line with Vår Energi’s stated…