MUSCAT, OMAN: Vodafone Group and Oman Future Telecommunications (OFT) Thursday announced a strategic partnership agreement in the Sultanate of Oman as part of Vodafone’s Partner Markets programme. Under the non-equity agreement, the companies will work together to roll out a new mobile network and develop a number of new services using the Vodafone brand in…
Renewable technology innovations in focus at IRENA’s s Innovation Day
BANGKOK: Artificial intelligence and big data, the Internet of Things and batteries are innovative solutions that will enable massive solar and wind use and amplify the transformation of the power sector based on renewables. By 2050, over 60 per cent of total power generation could come from wind and solar renewables globally, driven by the…
European Commission adopts mandate to extend interim appeal arbitration arrangement
BRUSSELS: The European Commission today adopted a decision laying the groundwork to deal with the consequences of a possible blockage of the World Trade Organization’s (WTO) Appellate Body, the highest instance of WTO dispute resolution. This decision will enable the Commission to enter into interim appeal arbitration arrangements with third countries based on existing World…
Majority of U.S. insurers’ bank loan holdings of low credit quality
OLDWICK: Of the $40.6 billion in bank loans owned by the U.S. life/annuity, approximately three-quarters are rated below investment grade, according to a new AM Best report. The Best’s Special Report, titled, “Bank Loans: Low Credit Quality, But Manageable Exposure,” notes that bank loans as an asset class is not yet widely held throughout the industry….
Kingswood acquires WFI Financial for £14 million
LONDON: Kingswood Holdings Limited, the integrated wealth management group, has announced the acquisition of the business and assets of WFI Financial, a significant independent regional financial planning business based in Sheffield. The acquisition marks the continuation of the Group’s expansion of its national wealth management footprint to the Midlands and the North. The acquisition is…
NOVATEK signs MOU with H-Energy
VLADIVOSTOK: PAO NOVATEK and H-Energy Global Ltd, India, signed a Memorandum of Understanding (MOU) envisaging cooperation in LNG supplies to India on a long-term basis, joint investment in future LNG terminals of H-Energy and LNG projects of NOVATEK, as well as establishing a joint venture to market LNG and natural gas from NOVATEK’s portfolio to…
NOVATEK creates shipping joint venture with Sovcomflot
VLADIVOSTOK: Today, during the Eastern Economic Forum in Vladivostok, PAO NOVATEK and PAO Sovcomflot, signed the Heads of Agreement on creating a joint venture, a release issued to London Stock Exchange said. According to the agreement, the parties intend to create a shipping company, with the potential involvement of other joint venture participants. The joint…
Audioboom selects Voxnest as exclusive advertising technology partner
LONDON: Audioboom Group, the leading global podcast company, announced an advertising technology partnership with Voxnest, Inc, a leading b2b technology provider. Audioboom and Voxnest have worked together over several months to develop a scalable podcast advertising system that can quickly deliver ads to Audioboom’s inventory of podcasts. In 2018, Audioboom began the search for a…
Swag Mukerji appointed CRO of Centaur Media
LONDON: Centaur Media Plc, an international provider of business information and specialist consultancy, announces that Andria Vidler has decided to step down as chief executive officer of the company in order to explore new opportunities. Andria is succeeded by Swag Mukerji, chief financial officer since 2016. Andria will continue as a director to work with…
Haydale awarded funding to develop airbus approved space technology
LONDON: Haydale Graphene Industries, the global advanced materials group, has been awarded a contract by the European Space Agency (ESA), which is seeking to develop non-metallic gas tanks for spacecraft propulsion systems in a. technology de-risking project. The demand for small satellite launches has created a challenge within the existing space propulsion supply chain for…
GuocoLand launches Meyer Mansion
SINGAPORE: GuocoLand Limited has announced the concept and design of Meyer Mansion. The sales gallery will open on 7 September 2019 for preview, and the development will launch for sale on 13 September 2019. Meyer Mansion will be the latest edition of GuocoLand’s collection of luxury residential properties in prime districts, following such highly regarded …
Arabtec appoints Wail Farsakh as Group Chief Operating Officer
DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, has announced the appointment of Wail Farsakh as Group Chief Operating Officer. Wail has over 33 years’ experience in the UAE starting as a structural engineer, progressing to General Manager of Dutco Balfour Beatty (currently known as DBB Contracting). In this time, Wail…