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…
Blue Yonder acquires One Network Enterprises in $839 million deal
Blue Yonder has announced the acquisition of One Network Enterprises for an estimated $839 million. This strategic purchase positions Blue Yonder to deliver comprehensive services across planning, execution, commerce, and networks, bolstered by One Network’s Digital Supply Chain Network™ known for its autonomous services and intelligent control towers. The merger promises a robust ecosystem that…
RHI Magnesita has acquired Resco Products for $430 million
Resco Products, Inc., under Balmoral Funds LLC, is set to be acquired by Austria-based RHI Magnesita in a deal valued at up to $430 million. RHI Magnesita, a major player in the refractory product market and listed on the London Stock Exchange, aims to enhance its North American presence with this acquisition. “This transaction is…
K-Electric to build 200MW hybrid renewable energy project in Karachi
K-Electric Limited (KEL) has proposed a groundbreaking 200 MWp renewable hybrid power project. This initiative, combining wind and solar energy, is set to be developed at the Dhabeji Grid in Karachi. K-Electric proposed a competitive benchmark tariff of US Cents 5.1313/kWh, coupled with a request for USD indexation on the entire tariff to counter the…
Doma Holdings to merge with Title Resources Group in a $6.29 per share deal
Doma Holdings, Inc. (NYSE: DOMA) has announced a definitive merger agreement with Title Resources Group (TRG), a top title insurance underwriter. The deal, pending stockholder and regulatory approval, will see TRG acquiring all outstanding shares of Doma at $6.29 each, a 43.0% premium over the closing price on March 27, 2024. Post-merger, Doma’s underwriting and…
OurBus expands to Canada: Launches highly anticipated intercity route
OurBus, the U.S.-based bus service renowned for its exceptional rider satisfaction and innovative travel solutions, has announced the launch of its inaugural Canadian route. This strategic move introduces Canadians to a travel service that boasts over 10,000 five-star reviews and a reputation for revolutionizing comfort and accessibility in travel. Axel Hellman, SVP – Lines at…
Southwest Airlines Co. has acquired SAFFiRE Renewables
Southwest Airlines Co. has acquired SAFFiRE Renewables, LLC. This acquisition is a part of the airline’s subsidiary, Southwest Airlines Renewable Ventures, LLC, which focuses on securing scalable sustainable aviation fuel (SAF). “This acquisition marks Southwest’s transition from investor to sole owner of SAFFiRE, expressing our confidence in SAFFiRE’s technology and its potential to advance our…