Kindo, a startup that provides a secure AI productivity platform for businesses, has raised $7 million in seed funding led by Riot Ventures. The company, founded by former executives and engineers from Bird Rides, Clover Health, Riot Games, Google, OpenAI, and Square, enables businesses to use any AI model, whether commercial, open source, or proprietary,…
BRI Wealth Management acquires Singular Financial Planning, expands in Midlands
LONDON: Singular Financial Planning, a Worcestershire-based firm, has been acquired by BRI Wealth Management, a UK-based company, for an unknown amount. The transaction adds £30m ($38m, €35m) of assets under management to BRI and increases its presence in the wealth management sector in the Midlands. BRI Wealth Management’s chief executive, Dan Boardman-Weston, said: “I’m proud…
Arm Holdings plans to raise $4.87 billion in world’s largest IPO this year
The phone-chip designer Arm Holdings Ltd., owned by SoftBank Group Corp., is preparing for a public offering that could raise up to $4.87 billion, according to a filing with the US Securities and Exchange Commission on Tuesday. The company plans to sell 95.5 million American depositary shares at $47 to $51 each, valuing it at…
Indus Motor plans to introduce locally assembled Toyota hybrid cars in 4-6 months
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…