FPT Corporation, a global technology leader, has announced Christophe Schwanengel as the new CEO of FPT France. Schwanengel’s appointment is a strategic move to bolster FPT France’s growth and diversify its client base across various industries. The company aims to rank among France’s top 50 IT companies by 2028. Dang Tran Phuong, Senior EVP of…
ACI Worldwide partners Arab Financial Services to modernize digital payments in MEA
ACI Worldwide (NASDAQ: ACIW), a leader in real-time payments software, has entered into a decade-long strategic partnership with Arab Financial Services (AFS), the premier digital payment solutions provider in the Middle East and Africa (MEA). This collaboration aims to revolutionize digital payment systems for banks, fintechs, and merchants throughout the region. “Arab Financial Services is…
Liberty Media Corporation signs deal to acquire Dorna Sports for €4.2 billion
Liberty Media Corporation has announced its agreement to purchase Dorna Sports, the exclusive commercial rights holder of the MotoGP World Championship. This acquisition, valued at an enterprise level of €4.2 billion, will see MotoGP become a part of Liberty Media’s Formula One Group portfolio. “We are thrilled to expand our portfolio of leading live sports…
Juniper Landscaping acquires Rip’s Professional Lawn Care and Elegant Landscape & Design
Juniper Landscaping has acquired two Florida-based landscaping giants, Rip’s Professional Lawn Care and Elegant Landscape & Design, marking its growth to 28 branches across Florida and Texas. This expansion includes a significant contract with Tyndall Air Force Base, enhancing Juniper’s presence in the Florida panhandle and Palm Beach markets. “After several years working through concept…
ADNOC Gas announces $3.25 billion dividend and growth strategy
ABU DHABI, UAE: In its first Annual General Meeting post-IPO, ADNOC Gas shareholders approved a $3.25 billion dividend for 2023, with a final payment of $1.625 billion due in Q2 2024. The company revealed plans to increase dividends by 5% annually over the next four years, reflecting confidence in its revenue prospects. The company’s growth…
CH Auto Technology and Mountain Crest Acquisition seal landmark merger
CH Auto Technology Corporation Ltd. (CHATC), a leading Chinese electric vehicle manufacturing and design service company, has successfully completed a business combination with Mountain Crest Acquisition Corp. IV (Nasdaq: MCAF), a Delaware-based special purpose acquisition company. The merger, which was finalized on March 28, 2024, saw CH Auto acquiring a majority stake of 71.2184% in…
Adwise Partners launches GambleAI, a chatbot revolutionizing the iGaming experience
Adwise Partners, a burgeoning player in the iGaming media domain, has unveiled GambleAI, a state-of-the-art chatbot. GambleAI, powered by sophisticated Large Language Models (LLM), is set to transform user interactions with its advanced conversational abilities, marking a significant advancement in user engagement within the iGaming industry. Nayshevsky shared, “The last two years have seen remarkable…
How the Inflation Reduction Act is Transforming Medicare
The Inflation Reduction Act (IRA) has ushered in a new era of hope for Medicare enrollees and the federal government alike. From April 1 to June 30, 2024, a significant reduction in the cost of 41 prescription drugs is set to benefit millions. This landmark legislation introduces multiple measures aimed at reducing the financial burden…
AlKhaleej to acquire Adhwa’a Al-Hidaya Schools for Boys and Girls
RIYADH: AlKhaleej has announced a major acquisition deal with Adhwa’a Al-Hidaya Private Schools Company for Boys and Girls. On March 28, 2024, AlKhaleej entered into a share purchase agreement to acquire 80% of the shares in Adhwa’a Al-Hidaya, representing 1,600,000 ordinary shares. This strategic move will result in the issuance of new shares in AlKhaleej,…
Cenomi Retail sells franchise rights of prominent brands to Al Othaim Fashion
Cenomi Retail, a leading retail partner in Saudi Arabia, has entered into a variation agreement to sell the franchise rights of five prominent brands to Abdullah Al-Othaim Fashion Company. This agreement, an extension of the Share Purchase Agreement dated December 6, 2023, marks a significant shift in Cenomi Retail’s focus towards champion brands. The transaction,…
Alkhabeer Capital sells prime Riyadh property
RIYADH: Alkhabeer Capital, the managing entity of Alkhabeer REIT Fund, has officially completed the sale of its prominent B&Q property, previously known as the “Homeworks Center,” situated in the King Fahd District of Riyadh. The transaction was finalized on the 18th of September in the Islamic calendar year 1445 AH, which corresponds to the 28th…
Introduction to Strategic Enterprise Resource Planning
In the past two decades, the software market has been significantly influenced by the strategic implementation of Enterprise Resource Planning (ERP). The transformative impact of Strategic Enterprise Resource Planning (SERP) on day-to-day business operations. SERP has emerged as a critical tool for organizations seeking to enhance their competitive edge, reduce costs, and prepare for the…