International Islamic Trade Finance Corporation (ITFC), part of the Islamic Development Bank (IsDB) Group, launched the 49th IsDB Group Annual Meeting at the Intercontinental Hotel in Riyadh. The event witnessed a surge in collaborative efforts among member countries, aiming to drive economic growth and development in key sectors. The meetings brought together high-level representatives from…
A Comprehensive Guide to Assembling Your Dream Machine with PC PartPicker
Building a personal computer (PC) from scratch is akin to crafting a custom masterpiece. It’s an intricate process that blends technology with personal expression, resulting in a machine that’s tailored to meet your specific needs and preferences. Whether you’re a gamer seeking the ultimate gaming rig, a creative professional in need of powerful rendering capabilities,…
ProAmpac to unveil cutting-edge sustainable packaging at Petfood Forum 2024
ProAmpac, a global pioneer in flexible packaging and material science, is set to present its innovative sustainable packaging solutions at the Petfood Forum 2024, taking place from April 29 to May 1. The company’s latest advancements are poised to redefine sustainable packaging with a range of groundbreaking products. The highlight of ProAmpac’s showcase is the…
Freezing dog food, and its impact on nutritional value
Introduction In recent years, the pet food industry has seen a significant shift towards more natural and preservative-free options for our four-legged companions. Among these, frozen dog food has surged in popularity, offering a compromise between the freshness of a home-cooked meal and the convenience of commercial kibble. This trend reflects a growing awareness among…
MedMen Enterprises declares bankruptcy, faces liquidation
MedMen Enterprises Inc., a prominent cannabis company with operations throughout the United States, has declared bankruptcy under Canada’s Bankruptcy and Insolvency Act. The announcement, made on April 24, 2024, marks a downturn for the company, which has appointed B. Riley Farber Inc. as its bankruptcy trustee. The financial turmoil within the company has led to…
Fulton Bank has completed acquisition of Republic Bank in Philadelphia
LANCASTER: Fulton Financial Corporation (NASDAQ: FULT) announced that its bank subsidiary, Fulton Bank N.A. has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing business as Republic Bank, from the Federal Deposit Insurance Corporation (FDIC). The deal includes purchased assets of approximately $6 billion, including an…
Thoma Bravo L.P. agrees to acquire Darktrace Plc for $5.315 billion
LONDON: Thoma Bravo L.P. through Luke Bidco Limited has agreed to acquire entire issued, and to be issued, ordinary share capital of Darktrace Plc. The acquisition will be implemented by way of a Court-sanctioned scheme of arrangement. Under the terms of the acquisition, each Darktrace shareholder will be entitled to receive: $7.75 in cash/share. The…
The Ultimate Guide to YouTube to MP3 Converters
In the digital age, the power to tailor your media consumption to your personal preferences and lifestyle is more than a luxury—it’s a necessity. With the overwhelming influx of content available at our fingertips, having control over what, when, and how we consume media is paramount. This control allows us to curate our digital environment…
Fix Price Group posts 8.8% increase in revenue during first quarter 2024
LONDON: Fix Price Group PLC, a global leader in the variety value retail sector and the largest of its kind in Russia, has released its Q1 2024 financial figures, showcasing significant growth despite economic headwinds. For the first quarter ending March 31, 2024, the company reported an 8.8% year-over-year increase in revenue, reaching a robust…
X5 acquires Nice Ice ready-to-eat food business in Leningrad
MOSCOW: X5 Group (LSE: FIVE), a leading Russian food retailer, announced the acquisition of the Nice Ice ready-to-eat food business in the Leningrad Region. The Company has obtained the relevant permit from a government commission. As part of the deal, X5 will take over ownership of a 4,200-square metre ready-to-eat food smart kitchen in the…
Wilmington plc has sold French healthcare business, APM, for €26 million
LONDON, UK: British Media Group, Wilmington plc (LSE: WIL), the provider of data, information, education and training in the global Governance, Risk and Compliance markets, has sold its French healthcare business, APM, for an enterprise value of €26 million in cash, subject to customary working capital adjustments, to Philia Medical Editions SAS, a subsidiary of…
Schneider Electric launches all-in-one battery energy storage system for microgrids
PARIS: In response to the growing need for energy resilience, Schneider Electric has launched a new Battery Energy Storage System (BESS), marking a significant advancement in microgrid technology. The BESS is designed to provide a robust and scalable solution for energy management and automation, ensuring efficient and safe storage of energy from diverse sources. Amidst…