H2U, Taiwan’s leading digital health brand, announced that it has raised over 10 million USD in its Series B round of funding before the lunar new year. The round was led by Korea’s largest medical laboratory, Seoul Clinical Laboratories (SCL), and joined by Taiwan’s biggest food company, Standard Foods, the leading protein and antibody reagent…
IMC to build a new integrated hospital in Jeddah
RIYADH: The International Medical Center Company (IMC), an associate company of Dallah Healthcare, has signed two agreements with specialized consulting companies for a new hospital project in Jeddah. The first agreement, worth 11 million Saudi Riyals, is with Dar Al-Handasah Company for the design of the new hospital, which will be built on a land…
Kinan International delays IPO on Nomu after CMA approval
RIYADH: Kinan International Real Estate Development Company, advised by Saudi Fransi Capital, has postponed its planned Initial Public Offering on the Parallel Market (Nomu) due to recent developments. The company had received approval from the Capital Market Authority (CMA) to offer 3.6 million shares, or 3% of its share capital, to Qualified Investors for a…
Saudi Lime Industries acquires Astra Mining for 164.6 million riyals
RIYADH: Saudi Lime Industries Company (SLIC) has signed a conditional binding agreement with Astra Industrial Group (AIG) and Tharawat Mining Company (TMC) to acquire 100% of the shares of Astra Mining Limited Company (AML), a leading producer of quicklime and hydrated lime in Saudi Arabia. The deal, which is expected to be completed within three…
How Frictionless Shopping is Changing Consumer Behavior and Expectations
Frictionless shopping is a term that describes retail experiences that are fast, convenient, and seamless for the customer. It involves using technologies such as self-scanning, self-checkout, in-item tagging, and check-out free stores to eliminate the need for manual scanning, queuing, or interacting with staff. According to a new research by Avery Dennison, a digital identification…
How the new pharmacare deal will benefit Canadians
Canada is on the verge of a major breakthrough in health care, thanks to a historic agreement between the Liberal government and the NDP on Pharmacare. This deal will create a universal, single-payer drug plan that will cover all Canadians and save them billions of dollars. Pharmacare is a long-standing demand of the labour movement,…
AerCap reports record results for 2023, confident about 2024 outlook
AerCap Holdings N.V., the world’s largest aircraft leasing company, announced its best-ever financial performance for the fourth quarter and full year of 2023 on Friday. The company’s CEO, Aengus Kelly, attributed the record results to the strong demand for aircraft, engines and helicopters, as well as the recovery of $1.3 billion in insurance settlements during…
Djinn Technologies acquires EF EVE, a leader in volumetric video software
Djinn Technologies Ltd., an Akuma Engineering Ltd. company, announced today the acquisition of EF EVE Ltd., a pioneer in consumer-friendly volumetric and spatial capture software. The deal includes all assets, patents, and intellectual property of EF EVE Ltd. Djinn Technologies is developing advanced volumetric and spatial camera sensor and scanning technologies. The company aims to…
CenterOak sells SurfacePrep to Nautic Partners
CenterOak Partners LLC, a Dallas-based private equity firm, has sold SurfacePrep, a global distributor of surface enhancement solutions, to Nautic Partners, a middle-market private equity firm. This is the second exit for CenterOak in 2024, after selling CollisionRight, a regional auto body repair provider, in January. SurfacePrep, based in Grand Rapids, Michigan, offers a wide…
Bill Schonacher to lead Chickasaw Community Bank as new CEO
Chickasaw Community Bank has appointed Bill Schonacher as its new Chief Executive Officer, effective March 4. Schonacher is a 32-year veteran of the banking industry in Oklahoma, who previously served as CEO of IBC Bank Oklahoma for 10 years. Schonacher will lead Chickasaw Community Bank towards a new era of growth and continued community engagement,…
How to Stay Safe in the Crypto World: A Guide to Avoiding Crypto Crimes and Scams
Cryptocurrency has become a popular and lucrative form of investment, but it also comes with major security risks. As the crypto market grows, so do the number of hackers, scammers, and fraudsters who want to steal your hard-earned coins. In this guide, we will look at some of the biggest crypto crimes of all times,…
LTTS and AT&T join forces to fight climate change with connectivity solutions
L&T Technology Services Limited (LTTS), a leading digital engineering and R&D services company, and AT&T, a global telecommunications giant, have announced a strategic alliance to develop and deploy connectivity-based solutions that can help reduce greenhouse gas emissions by 1 gigaton by 2035. The alliance is part of AT&T’s Connected Climate Initiative (CCI), a collaborative effort…