If you are a business owner, investor, or manager, you may have heard of the term business valuation. But what exactly does it mean and why is it important? Business valuation is the process of determining the economic value of a business or a business unit. It is a way of measuring how much a…
IWG expands network in Pakistan with three New locations
ISLAMABAD: IWG, the world’s largest provider of hybrid working solutions, has announced the opening of three new locations in Pakistan. The new locations, which are located in Islamabad, Lahore, and F7 Islamabad, will provide businesses of all sizes with access to state-of-the-art workspaces and amenities. The Islamabad location, which is located at Marina One, is…
M&A Transaction Documentation: A Step-by-Step Guide
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically,…
PSX launches new trading & surveillance system to boost market efficiency and security
Karachi, Pakistan: Pakistan Stock Exchange (PSX) has officially launched a new trading & surveillance system (NTS) that aims to upgrade and enhance its technological capacity and functionality. The NTS is a state-of-the-art, safe and highly advanced securities trading and surveillance system that has been operational in Shenzhen Stock Exchange (SZSE), China, for 20 years without…
Samsung Galaxy Watch 6 Classic leak reveals the return of a fan-favorite feature
Samsung’s upcoming smartwatch may bring back a feature that many Galaxy Watch fans have missed. A new leak suggests that the Samsung Galaxy Watch 6 Classic will have a physical rotating bezel, unlike the Galaxy Watch 5 that used a touch bezel. The leak comes from tipster OnLeaks, who shared renders of the Galaxy Watch…
Gulf International Bank partners with Noon to support the acquisition of Namshi
Manama: Gulf International Bank B.S.C. (GIB) today announced that it has structured and fully underwritten a facility for Noon AD Holdings Ltd and Noon Investment Company CJSC (together with the Noon Group) to support the full acquisition of Namshi Holdings Limited from the UAE’s largest publicly traded developer, Emaar. “We’ve been working hard to provide the best possible…
Insider raises $105 million at nearly $2 billion valuation
Istanbul, Turkey: Insider, a Turkish artificial intelligence-backed marketing platform, has raised about $105 million in a funding round that valued the company at almost $2 billion, defying the global tech slump. The funding round was led by the Qatar Investment Authority and Istanbul-based buyout firm Esas Private Equity, Insider said in a statement Wednesday. The…
TotalEnergies invests in Ductor to boost biogas production from organic waste
Paris, France: TotalEnergies, a global energy company, has announced that it has acquired a 20% stake in Ductor, a Finland-based start-up that has developed an innovative technology to process high-nitrogen organic waste, such as poultry manure, for biomethane production. The technology allows the treatment of new types of input that are usually difficult to use…
UK Cracks Down on Overseas Student Visas
The UK government announced a new immigration policy on Tuesday that will make it more difficult for overseas students to bring their family members to the UK. The new policy, which will go into effect on July 1, 2023, will only allow international students on postgraduate courses currently designated as research programmes to bring in…
IDEX Biometrics and Thames Technology partner to deliver biometric smart cards
Oslo, Norway: IDEX Biometrics, a leading provider of fingerprint authentication solutions, has announced a new agreement with Thames Technology, a Paragon ID company and one of Europe’s leading card manufacturers and issuer partners, to accelerate the commercialization at scale of biometric smart cards. Thames Technology develops, manufactures and personalizes more than 250 million cards annually…
Commonwealth Bank unveils new app and AI features to enhance customer experience
Sydney, Australia: Commonwealth Bank has today announced a series of innovations and technological advances designed to strengthen and deepen the customer experience as increasing numbers of customers switch to digital banking. The bank has launched a refreshed version of its multi-award winning CommBank app, which will offer even more personalised, relevant and safe customer experiences….
4GLOBAL and Technogym partner to provide data insight solutions for fitness sector
London, UK – 4GLOBAL, a UK-based data, services and software company, has announced the signing of a strategic partnership agreement with Technogym, a fitness equipment and digital health provider, to work with their existing and mutual clients to enhance their data insight solutions. The partnership, which covers the UK initially, will enable sport and leisure…