AL-KHOBAR: Gulf International Bank – Saudi Arabia (GIB) has announced a collaboration with Eayni Recycling Association Cooperative, a local waste management company, to recycle the bank’s waste in Al Khobar, Riyadh and Jeddah. The agreement is part of GIB’s sustainability drive and effort to reduce its environmental impact. Eayni will collect and recycle all plastics,…
OSN buying majority stake in Anghami to create region’s largest streaming platform
KUWAIT: OSN, a subsidiary of KIPCO and the leading pay-TV network in the MENA region, has announced a deal to merge its premium content streaming platform, OSN+, with Anghami, the region’s leading music and entertainment streaming platform. The deal will be backed by an investment of up to US$50 million (KD 15.4 million) from OSN…
TotalEnergies launches in-depot charging for electric trucks
PARIS, FRANCE: TotalEnergies announced today at the SOLUTRANS road and urban transportation trade show that it has launched a new service for electric truck charging in depots. This service will help transporters switch to electric mobility by providing them with customized charging infrastructure that meets their needs. TotalEnergies has designed an in-depot charging service that…
India approves 27 international companies to make IT hardware under incentive scheme
India has given the green light to 27 companies, including U.S. tech giants Dell, HP and China’s Lenovo, to manufacture IT hardware in the country under a production-linked incentive (PLI) scheme. The scheme aims to boost domestic manufacturing and attract large investments in the value chain of IT hardware products. The PLI scheme for IT…
Adacel Technologies reports strong performance and new contracts in FY2024
SYDNEY, AUSTRALIA: Adacel Technologies, a leading provider of air traffic management and simulation solutions, has announced its financial and operational results for the fiscal year 2023. At the AGM, Adacel Technologies CEO, Daniel Verret, attributed the performance to the successful execution of its strategy, which focused on client engagement, product development and prudent allocation of…
Colibri Group acquires TRC Healthcare to expand its professional education services
Colibri Group, a company that provides learning solutions to licensed professionals, has announced the acquisition of TRC Healthcare, a leading provider of education and training for healthcare practitioners. The deal will enhance Colibri Group’s portfolio of professional education services for pharmacists, nurses, physicians and other healthcare professionals. TRC Healthcare offers a range of products and…
XPS Pensions has sold XPS Pensions (Nexus) Limited to SEI for £42.5 million
LONDON, UK: XPS Pensions Group has completed the sale of XPS Pensions (Nexus) Limited, principal employer and scheme funder of the National Pensions Trust (NPT), to SEI creating a market leading defined contribution proposition for employers and pension scheme members. The deal creates a strategic partnership between XPS and SEI, under which XPS will provide…
PayPoint expands partnership with Yodel and Vinted
LONDON: PayPoint Plc is pleased to announce that it is expanding its partnership with Yodel and Vinted across its Collect+ network, the leading Out of Home parcel pick up, drop off and send service in the UK. The multi-year agreement will see significant transaction growth processed through the recently launched Collect+ Store to Store service,…
Dunedin Enterprise sells its stake in Premier Hytemp for £4.9m
LONDON, UK: Dunedin Enterprise Investment Trust PLC (DENT), a private equity investment company, has announced the sale of its investment in Premier Hytemp, a leading provider of engineered metal solutions. The sale has received regulatory approval and generated proceeds of £4.9m for Dunedin Enterprise Investment Trust. Premier Hytemp was one of the portfolio companies of…
Light Science Technologies to acquire its Injecta Fire Barrier trade and assets (IFB)
LONDON, UK: Light Science Technologies (AIM: LST) has entered into an asset purchase agreement with Fire Barrier International Ltd (FBIL), to acquire its Injecta Fire Barrier trade and assets (IFB). The agreement is structured with the consideration being a deferred profit share agreement, with no initial or fixed outlays and the acquisition is expected to…
CRH plc to acquire cement and concrete plants from Martin Marietta Materials for $2.1 billion
CRH completes $2.1bn acquisition of materials assets in Texas LONDON UK: CRH plc, the leading provider of building materials solutions, has reached an agreement to acquire an attractive portfolio of cement and readymixed concrete assets in Texas, USA from Martin Marietta Materials Inc. for a total consideration of $2.1 billion. The combined portfolio of assets…
Ofcom has fined Shell Energy £1.4 million
LONDON: Ofcom has today fined Shell Energy £1,400,000 for not properly prompting more than 70,000 phone and broadband customers to review their contract, or letting them know what they could save by signing up to a new deal. Ofcom’s investigation found that the company broke important consumer protection rules designed to ensure that customers get…