KARACHI: Indus Motor Company, the producer of Toyoto cars, announced that its Hybrid facility is under construction and it plans to launch the HEV car in the next four to six months. The company said at a briefing that it will focus on electric vehicles after launching hybrid vehicles that are assembled locally. Electric vehicles…
German cities need €347bn to fix roads and rail by 2030
According to a study by the German Institute for Urban Studies (Difu), which was commissioned by the Main Association of the German Construction Industry (HDB), the Association of German Transport Companies (VDV) and the General German Automobile Club (Adac), German cities need to invest €283bn to upgrade their roads and €64bn to improve their rail…
Electric vehicles registration 72.3% in UK
The UK car market saw a significant growth in August 2023, with electric vehicles (EVs) registering a 72.3% increase from last year. According to the latest data from the Society of Motor Manufacturers and Traders (SMMT), 17,243 EVs were sold in August, accounting for one-fifth of the total 85,657 new cars registered in the month….
Oneiro Energy appoints new chairman
LONDON, UK: Oneiro Energy PLC (LSE:ONE), the Company listed on the LSE and focused on energy transition, has announced today that it has appointed Andrew (“Andy”) Yeo as its Non-Executive Chairman. Robert Jones will stay on the Board as a Non-Executive Director. Mr Yeo is an expert in the oil and gas sector and is…
B&M saves 51 Wilko stores in £13m deal
A deal with B&M has saved 51 of Wilko’s 400 stores from closure, after the high street chain went into administration. The deal, worth £13m, was announced by B&M, which operates about 1,150 stores in the UK and France under the B&M and Heron brands. The deal follows the failure of a previous bid to…
Empower’s summer campaign succeeds in rationalizing energy consumption, reducing bills
DUBAI: Empower, the world’s largest district cooling services provider, announced the success of its summer campaign ‘Set and Save 24°C’ to reduce energy consumption and bills. The campaign, which runs until the end of summer, aims to promote sustainability among its customers and provide eco-friendly and high-quality district cooling services. The company said that it…
Farid Al Mulla named as the new Chief Executive Officer of Emirates Islamic
DUBAI, UAE: Farid Al Mulla has been named as the new Chief Executive Officer of Emirates Islamic, one of the UAE’s leading Islamic financial institutions. He will take over from Salah Amin, who is retiring after serving the Emirates NBD Group for nearly 35 years. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of…
6 Tips To Follow When Organizing Company Storage Space
Efficient organization is the key to success. And when it comes to keeping your company’s storage space in order, the stakes are high. Cluttered and disorganized storage areas can lead to lost time, wasted resources, and unnecessary stress. But fear not, because in this article, we’re about to unveil six game-changing tips that will transform…
Eutelsat partners with Karista’s Spacetech Fund
PARIS, FRANCE: Karista and Eutelsat Communications today announced a new strategic partnership which will see Eutelsat become a new subscriber to the venture capital (VC) firm’s Spacetech fund. This will add to Karista’s ability to fully harness the unprecedented momentum that is building up in the space economy. For Eutelsat, the new partnership consolidates its…
ECI Partners agree to acquire Commify in a €300 million deal
LONDON, UK: Hg, the manager of HgCapital Trust plc (HGT), has agreed the sale of Commify, the UK-headquartered European leader in business messaging solutions to Local Enterprises, to ECI Partners. The terms of the transaction have not been disclosed and completion is subject to closing conditions. HGT, whose shares are listed on the London Stock…
BCAL Diagnostics appoints Shane Ryan as COO
SYDNEY, AUSTRALIA: BCAL Diagnostics Limited, an Australian biotech company developing a blood test for breast cancer, has announced the appointment of Mr Shane Ryan as its Chief Operating Officer, effective from 21 September 2023. Mr Ryan will oversee the clinical, marketing, and business development aspects of the company, as well as its global partnerships and…
Rio Tinto appoints Jérôme Pécresse as new Aluminium Chief Executive
LONDON, UK: Rio Tinto has appointed Jérôme Pécresse to lead its Aluminium business, succeeding Ivan Vella. Jérôme, who was until recently President and CEO of General Electric (GE) Renewable Energy, will join Rio Tinto on 23 October 2023. Jérôme is a French citizen with over 30 years of business experience, including senior leadership roles in…