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…
CARBIOS and De Smet join forces to build world’s first PET biorecycling plant
PARIS: CARBIOS, a pioneer in biological technologies for plastic and textiles, and De Smet, a leading provider of engineering and construction services for biotech and agro-processing industries, have announced their collaboration to construct the world’s first PET biorecycling plant in Longlaville, France. The plant, which is expected to be operational by 2025, will use CARBIOS’…
Americana Restaurants delivers $2.41 billion revenue in FY 2023
ABU DHABI: Americana Restaurants, the leading restaurant operator in the MENA region and Kazakhstan, announced its financial results for the year 2023, showing revenue growth, margin improvement, and dividend payout despite challenging market conditions. The company, which operates popular brands such as KFC, Pizza Hut, Hardee’s, and Krispy Kreme, reported revenues of $2.4 billion, up…
Union Properties posts record net profit of AED 811 million in 2023
DUBAI: Union Properties PJSC (UPP) announced its preliminary financial results for the fiscal year 2023, registering a record net profit of AED 811 million, up by 2607% from 2022. The company’s operating profit also grew by 60%, reaching AED 508 million. The company attributed its exceptional performance to its strategic approach, market position, and diversified…
Orient Insurance posts record profits of AED 636 Million in 2023
DUBAI: Orient Insurance Company (PJSC), a subsidiary of Al-Futtaim Group and a leader in the insurance market, announced today its impressive financial performance for the year ending on 31/12/2023. The company reported a net profit of AED 636 million, a 23% increase from AED 519 million in 2022. Its insurance revenue also rose by 28.4%…
QuantumScape names new CEO as it prepares for commercial launch
QuantumScape Corporation, a leader in next-generation solid-state lithium-metal battery technology, has appointed Dr. Siva Sivaram as its new CEO and board member, effective February 15, 2024. Dr. Sivaram, a semiconductor and data storage industry veteran, joined QuantumScape as President in September 2023 from Western Digital Corp. Dr. Sivaram will succeed co-founder and CEO Jagdeep Singh,…
Guident and Auve Tech Partner to Enhance MiCa Autonomous Shuttle with Teleoperation Technology
LONDON: Guident Ltd, a Tekcapital portfolio company and a leader in AV teleoperation, announced today that it will integrate its remote monitoring and control software with the MiCa autonomous shuttle from Auve Tech, an Estonia-based company that develops and manufactures autonomous transportation systems. The MiCa shuttle is the world’s most compact and flexible level 4…
Quadrise Plc signs project development agreement with Euthenia and BTG Bioliquids
LONDON, UK: Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, announced the signature of a Project Development Agreement (“PDA”) with renewable biofuels specialists, BTG Bioliquids BV (“BTL”) and Euthenia Energy Group Limited (“Euthenia”). As announced on 8 June 2023, Quadrise and BTL entered into a Joint Development Agreement (“JDA”)…
Katoro Gold appoints Sean Wade as Non-executive Chairman
LONDON, UK: Katoro Gold PLC (AIM:KAT), a strategic and precious minerals exploration and development company, announced the proposed appointment of Sean Wade as Non-executive Chairman of the Company, subject to due diligence. Mr Wade is the Chief Executive Officer of Power Metal Resources PLC (AIM:POW), Katoro’s joint venture partner at the Haneti Project in Tanzania,…