The crypto market is a thrilling and challenging space, where you can make or lose a fortune in a blink of an eye. But there is a way to master this complex and exciting world, and that is by following the Bitcoin Blueprint. The Bitcoin Blueprint is a set of rules and guidelines that can…
Hilton to brand and service luxury apartments in Medina’s Knowledge City Hub Project
Medina: Hilton Worldwide Manage Limited has signed an agreement with the Company to provide branding and marketing license and hotel services for the residential tower in the Knowledge City Hub Project in Medina, the Company announced on Wednesday. The residential tower, which includes 64 luxury apartments and a penthouse, will be branded under the Hilton…
Gulf Insurance Group reports strong financial performance in 2023
Gulf Insurance Group (GIG), one of the leading insurance companies in the Middle East, announced its annual financial results for the period ending on 2023-12-31, showing a strong performance across its business segments. The company reported an increase in insurance revenue by SR 84 million or +5.7% as compared to the previous year, reaching SR…
Advanced Petrochemical signs EPC contracts for the first IPA plant in the Middle East
Advanced Petrochemical Company (ADVANCED), a leading producer of polypropylene in Saudi Arabia, announced that its subsidiary, Advanced Polyolefins Industry Company, has signed Engineering, Procurement and Construction Contracts (EPC) with SGC eTEC Co., Ltd. and SGC Arabia Co. Ltd. for the construction of an Isopropanol (“IPA”) plant in Jubail Industrial City, Saudi Arabia. The total contract…
The Saudi Investment Bank to issue bonus shares worth 2.5 billion SAR
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…