The Saudi Investment Bank (SAIB) announced that its Board of Directors has recommended to the Extraordinary General Assembly a capital increase of 25% by issuing bonus shares to the bank’s shareholders. The capital increase will raise the bank’s capital from 10 billion SAR to 12.5 billion SAR, by capitalizing 2.5 billion SAR from the Statutory…
How To Recover Lost Crypto Funds
If you are a victim of crypto theft, you might feel helpless and hopeless. However, don’t lose hope yet. There are some steps you can take to try to recover your lost Crypto funds and prevent further losses. In this blog, we will share some tips on how to deal with crypto theft and protect…
Norwegian Air reports record profits and completes Widerøe acquisition
OSLO, NORWAY: Norwegian Air, one of Europe’s leading low-cost airlines, announced today its fourth quarter and full-year results for 2023, showing the highest operating profit and margin in its history. The company also completed the acquisition of Widerøe, a regional carrier in Norway, to expand its network and diversify its operations. According to the company’s…
Gabon Oil Company acquires Assala Energy from Carlyle
PARIS: Gabon Oil Company (GOC), the national oil company of Gabon, has announced the acquisition of Assala Energy Holdings Ltd and all of its subsidiaries (Assala) from Assala Energy Investments Ltd (Carlyle), a private equity firm. The deal, which was signed on 15 February 2024, is based on GOC’s sovereign right of pre-emption and overrides…
Paul Thwaite appointed as NatWest Group CEO
LONDON, UK: The Board of NatWest Group plc has appointed Paul Thwaite as Group Chief Executive Officer and Executive Director with immediate effect. This follows his appointment on an initial 12-month basis in July 2023. Led by Chair Designate Rick Haythornthwaite, the NatWest Group Board has undertaken a rigorous and competitive search process, with support…
EnTrust Global acquires maritime and energy fund manager Offshore Merchant Partners
EnTrust Global, a leading alternative asset management firm, has agreed to acquire Offshore Merchant Partners (OMP), a fund manager in the maritime and energy industries, to expand its Blue Ocean strategy. The Sale and Purchase Agreement has been signed and the transaction is expected to close in the first quarter of 2024, subject to customary…
Lenovo partners Anaconda to boost AI development & deployment
Lenovo and Anaconda, the leading provider of the world’s most popular AI, machine learning, and data science platform, announced a strategic partnership to power Lenovo’s high-performance data science workstations. The partnership will combine Lenovo’s trusted ThinkStation and ThinkPad workstation product portfolio with Anaconda’s enterprise strengths for open-source leadership, security, and reliability. “As artificial intelligence and…
Why Cloud Repatriation is on the Rise and How to Achieve a Successful Hybrid
Cloud repatriation is the process of moving some or all of your cloud-based workloads back to on-premises infrastructures. It may sound counterintuitive, but it is a growing trend among organizations that have experienced challenges or disappointments with their cloud projects. In this blog post, we will explore the drivers and experiences of cloud repatriation, the…
The best financial news database for investors and business owners
As an investor or a business owner in the corporate sector, you know how important it is to stay informed and updated on the latest financial news and trends. The financial world is constantly changing and evolving, and you need to keep up with the opportunities and challenges that arise every day. There are so…
Transforming Business Announcements into Captivating Stories
Tired of dry press releases gathering dust in the digital corners of your website? Believe it or not, even mundane business announcements hold the potential to become captivating stories that inspire and motivate your audience. Confused? Let me show you why. Think about it: stories have been ingrained in human culture since the dawn of…
Durlston Partners expands global presence with the opening of Dubai office
DUBAI, United Arab Emirates: Durlston Partners, a leading talent advisory firm specialising in technology, quantitative finance, and data science, is excited to announce the official opening of its Dubai office, marking a significant step in the company’s global expansion. The firm is headquartered in London, with a first international office opening in New York in…
Modern Mills sets IPO price range and kicks off book-building
RIYADH: Modern Mills Company (MMC), a leading milling and nutrition company in Saudi Arabia, has announced the price range for its initial public offering (IPO) of 30% of its share capital, as well as the start of the institutional book-building period. The price range for the IPO has been set at SAR 44 to SAR…