ABU DHABI, UAE: Aldar Properties, the leading real estate developer in Abu Dhabi, has announced the appointment of Faisal Falaknaz as its Group Chief Financial and Sustainability Officer (GCFSO), effective from August 2, 2023. Falaknaz will be responsible for leading the group’s finance, treasury, investor relations, strategy, digital services, and sustainability functions. Falaknaz has been…
Kerim Nielsen, Kamux’s Country Director for Sweden, leaves the company
HELSINKI, FINLAND: Kamux Corporation, a leading Nordic retailer of used cars and related services, announced today that Kerim Nielsen, its Country Director for Sweden and member of the Group Management Team, has decided to pursue a career opportunity outside of the company in early 2024. He will continue in his current position at least until…
How to save money and energy with district cooling this summer
Summer is here, and so is the need for cooling. But did you know that you can save money and energy by using district cooling more efficiently? District cooling is a modern, efficient way to air condition a network of buildings in cities or campuses. It uses chilled water from a central plant to cool…
Inin Group acquires Laje AS, boosts its revenue and earnings outlook
OSLO, NORWAY: Inin Group AS, a leading Nordic provider of infrastructure services, announced today that it has signed a share purchase agreement (SPA) to acquire 100 percent of the shares in Laje AS, a large, regional infrastructure construction and service company based in Norway. The acquisition will strengthen Inin Group’s position in the central eastern…
Fitch Ratings lowers U.S. credit rating, citing fiscal woes and governance issues
Fitch Ratings, one of the world’s leading credit rating agencies, announced on Tuesday that it has lowered the U.S. long-term foreign currency issuer default rating from AAA to AA+, the second-highest level, due to concerns about the country’s fiscal outlook and governance standards. The downgrade reflects Fitch’s expectation that the U.S. general government deficit will…
Why Are Timetables So Important For Company Productivity?
In the fast-paced world of business, time is undeniably one of the most valuable resources. From multinational corporations to small startups, every company strives for peak productivity to stay ahead of the competition. And here’s where timetables step in as the unsung heroes of efficiency. Timetables are not mere schedules; they are the blueprint that…
TECO 2030 and a European motor company to collaborate on fuel cell projects
OSLO, NORWAY: TECO 2030, a Norwegian based clean tech company developing zero-emission technology for the maritime and heavy industry, has announced that it has signed a Memorandum of Understanding (MoU) with an undisclosed renowned European Motor Company. The MoU is signed to formally set out a pathway to collaborate with ongoing and future projects involving…
VEON and Rakuten to cooperate in Open RAN and Digital Services to rebuild Ukraine’s infrastructure
AMSTERDAM: VEON Ltd. announced that it has signed a Memorandum of Understanding (MoU) with Rakuten Symphony, a subsidiary of the leading technology conglomerate, Rakuten Group. The two companies will start exploring cooperation in Ukraine, with the goal of accelerating the reconstruction of the country’s infrastructure, through collaboration on open radio access networks (Open RAN) and…
Wood signs global framework agreement with Shell
LONDON, UK: Wood Group, a global consulting and engineering company, has been awarded a multi-year enterprise framework agreement (EFA) to continue to provide services to Shell’s global projects. Bringing specialist consulting, engineering, procurement and project management expertise to Shell’s greenfield and brownfield projects, the agreement will see Wood continue to support projects that ensure energy…
CCEP and AEV to jointly acquire Coca-Cola Beverages Philippines
LONDON, UK: Coca-Cola Europacific Partners plc (CCEP), the world’s largest Coca-Cola bottler by both revenue and volume, has announced its intention to jointly acquire Coca-Cola Beverages Philippines, Inc. (CCBPI), a successful business with attractive profitability and growth prospects, from The Coca-Cola Company (KO). CCEP has signed a non-binding Term Sheet and is in advanced discussions…
Francisco Partners Funds offers to takeover Blancco Technology Group for £175 million
LONDON, UK: White Bidco Limited, an entity indirectly owned by the Francisco Partners Funds, has made an offer to takeover Blancco Technology Group Plc at the rate of 223 pence in cash for each Blancco share valuing the entire issued and to be issued share capital of Blancco Technology at approximately £175 million. The…
Exchange rates for GBP against major currencies on August 2, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1624 Pounds to Euros GBP-USD 1.2777 Pounds to Dollars GBP-NZD 2.0925 Pounds to New Zealand Dollars GBP-AUD 1.9407 Pounds to Australian…