PARIS, FRANCE: Eutelsat and OneWeb are convinced that the time is right to take their partnership to the next level via the proposed combination. Eutelsat and key OneWeb shareholders signed a Memorandum of Understanding in July 2022, with a view to combining Eutelsat and OneWeb in an all-share transaction, whereby Eutelsat and OneWeb shareholders will…
Magnum Mining and Exploration signs deal to acquire Appalachian Iron
SYDNEY, AUSTRALIA: Magnum Mining and Exploration Limited (ASX:MGU) has entered into a binding share purchase agreement (Agreement) to acquire 100% of the issued capital of Appalachian Iron Inc, an entity incorporated in the state of Delaware. In consideration for the acquisition, Magnum Mining and Exploration will issue 30 million performance shares to Mr Goodman, the…
LOVE Pharma to acquire Naltrexone Therapeutics for CAD 2.0 million
VANCOUVER, BC: LOVE Pharma Co. has signed a non-binding Letter of Intent (LOI) to acquire Naltrexone Therapeutics Inc., a pharmaceutical technology company with significant IP related to the transdermal delivery of FDA approved Naltrexone. The acquisition is considered an arms-length transaction, 100% of Naltrexone Therapeutics will be purchased and become a wholly owned subsidiary of…
Alwaleed Philanthropies signs partners Al Hilal Saudi Club to promote women sports
RIYADH, SAUDI ARABIA: Alwaleed Philanthropies, chaired by Prince Alwaleed Bin Talal Al Saud, has signed a five-year partnership with Al Hilal Saudi Club for Women Sports. In line with Vision 2030, the partnership is committed to promoting women’s participation in sports and contributing to high-level experiences across the spectrum of the industry. The partnership comes…
LeddarTech recognized among Canada’s Top Growing Companies for 2022
QUEBEC, CANADA: LeddarTech announced its recognition among Canada’s Top Growing Companies for 2022 by the Globe and Mail’s Report on Business, where LeddarTech ranked 280 out of 430 eligible companies. LeddarTech, a provider of ADAS and AD sensing technology, is adopting a business strategy that translates to greater financial and team resources dedicated to an…
How to Choose the Right Insurance for Employees
As a business owner, you know that protecting your company is important. But did you know that one of the best ways to do this is to choose the right insurance for your employees? In this article, we’ll show you how to select the best insurance policy for your business. What is employee insurance? Employee…
GFH acquires US Medical Clinics portfolio valued at $400mn
MANAMA, BAHRAIN: GFH Financial Group announced increasing its exposure to the medical office/clinics sector through a second US Medical Clinics portfolio in a transaction valued at c. US$400 million. The income-yielding portfolio is comprised of 11 geographically diversified assets spread across four US states – California, Texas, Maryland and Louisiana. Covering an area exceeding 1…
Exclusive Networks launches academy to train the next generation of cyber talent
PARIS, FRANCE: Exclusive Networks, a global trusted cybersecurity specialist for digital infrastructure, announced the launch of the Exclusive Academy, a global cybersecurity training programme. As an industry, cybersecurity suffers from a shortage of experts. Globally, Exclusive Networks estimates that three million cyber positions are currently vacant. This comes at a time when cyber threats are…
Nissan announces its intention to sell Russian operations
BOULOGNE-BILLANCOURT: Nissan has announced its intention to sell its Russian operations. Nissan’s adjustment, published in Japanese accounting standards and booked for the 2022/2023 fiscal year, will have a negative contribution to Renault Group’s net income estimated at €331 million for the 2nd half 2022 (before IFRS adjustments). This transaction will not impact Renault Group’s operating…
Trust Stamp selected as SaaS software supplier on UK’s G-Cloud 13 digital marketplace
LONDON, UK: T Stamp Inc., an AI-powered trust and identity services company used globally across multiple sectors, announced that it is being listed as a Software-as-a-Service (SaaS) supplier on G-Cloud 13, the UK Government’s latest cloud procurement framework. G-Cloud is a key framework in the UK Government‘s digital marketplace, established by the UK Crown Commercial…
Shelf Drilling secures $236mn contract in the Arabian Gulf
DUBAI, UAE: Shelf Drilling Ltd. has secured a five-year contract for the recently acquired premium jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf. The contract value for the firm period, including mobilization revenue, is approximately USD 236 million. The contract also includes a two-year option, and the planned start-up of operations is…
Future Metals NL announces to commence drilling at Panton PGM-Nickel Project
LONDON, UK: Future Metals NL announced that a new drill programme is set to commence imminently at its 100% owned Panton PGM-Nickel Project in northern Western Australia. A diamond drill rig has arrived at site and initial targets have been identified from historical drilling and a ground based EM survey. The Company has completed a…