MONACO: Envelop Risk, a global specialty cyber underwriting firm, today launches Bermuda-based Envelop Capital Markets, a practice led by veteran underwriter and ILS specialist David Ross (Executive Vice President of ILS & Capital). The practice will develop a market for tail risk protection, retrocession, and cyber reinsurance through both indemnity, and parametric / index structures….
Waga Energy rolls out first RNG project in British Columbia
PARIS, FRANCE: Waga Energy (EPA: WAGA) and the Capital Regional District are rolling out a high-capacity RNG project at Hartland Landfill on Vancouver Island, a statement noted. Waga Energy, a specialist in the production of Renewable Natural Gas (RNG) from landfills, has signed a contract with the Capital Regional District (CRD), one of 28 districts…
Tabreed announces official increase of foreign ownership limit to 100%
ABU DHABI, UNITED ARAB EMIRATES: Tabreed, the UAE’s leading district cooling provider, held a General Assembly on 12 September 2022, chaired by Tabreed’s Chairman, Khaled Abdulla Al Qubaisi, during which shareholders voted to amend Article (7) of the company’s Articles of Association to allow 100 per cent foreign ownership. Previously the limit had been set…
Dubai Investments announces interim dividend distribution
DUBAI, UAE: Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market (DFM), has announced interim dividend of 7.5% to the shareholders. This interim dividend was the result of the Group’s divestment of 50% equity interest in Emirates District Cooling (Emicool) LLC with the resultant gain of nearly AED…
Latest Technological Innovations and their Impacts Across the Industry
Technological innovations in recent years have been nothing short of astounding and they have touched every industrial sector and their respective markets in turn. The multiconnected impact lines that follow every innovation in technology are hard to trace nowadays because they stretch on to touch numerous, seemingly unconnected sectors and subsectors as well. In fact,…
Transense Technologies signs MoU with Meggitt SA
LONDON, UK: Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, announced the signing of a Memorandum of Understanding (MoU) with Meggitt SA, the designer and manufacturer of complete condition monitoring, vibration monitoring and measurement solutions for the aerospace and energy markets. Under the MoU, Transense will support Meggitt’s evaluation of potential market…
Tremor International completes $239mn acquisition of Amobee
LONDON, UK: Tremor International Ltd. (NASDAQ: TRMR) announced the closing of its previously announced acquisition of Amobee, a leading global advertising platform. “We are pleased to complete the strategic Acquisition of Amobee, which we anticipate will increase our global market presence, significantly enhance and expand our technology capabilities, add new linear TV capabilities and cross selling…
Custodian REIT acquires high specification logistics asset
LONDON, UK: Custodian REIT (LSE: CREI), the UK property investment company focused on smaller regional property, announced the acquisition of a 91,955 sq ft distribution facility between Glasgow and Edinburgh for £11.125 million, reflecting a net initial yield of 5.25%. The property benefits from a strategic logistics location on the Eurocentral industrial estate, at Junction…
Ikigai Ventures to list on London Stock Exchange
LONDON, UK: Ikigai Ventures, (LON:IKIV) an investment company established to acquire businesses focused on having a strong positive social impact, announced its intention for the company’s shares to be admitted to the Standard Listing segment of the Official List and to trading on the Main Market of the London Stock Exchange. Highlights • The Company was incorporated in 2021…
Fintech Asia announces plan to list on the London Stock Exchange
LONDON, UK: Fintech Asia (LON:FINA) an investment company established to acquire businesses focused on improving the delivery and use of financial services in Asia, announce intention for the company’s shares to be admitted to the Standard Listing segment of the Official List and to trading on the Main Market of the London Stock Exchange. Highlights • Fintech Asia…
Atlas Arteria acquires majority interest in Chicago Skyway
SYDNEY, AUSTRALIA: Atlas Arteria (ASX:ALX) has entered into an agreement to acquire a 66.67% majority interest in the Chicago Skyway, a 12.5km toll road with 81 years of remaining concession life that provides congestion relief in an essential transportation corridor. The acquisition establishes a partnership with Ontario Teachers’ Pension Plan, which is retaining its 33.33%…
NextEnergy Solar Fund forms new £200m battery storage joint venture partnership
LONDON, UK: NextEnergy Solar Fund, the specialist solar and energy storage climate impact fund, with a combined installed power capacity of 865MW, has advanced its position in the energy storage sector through a new £200m Joint Venture Partnership (“JVP2”) with Eelpower Limited (“Eelpower”). JVP2 reflects the successful relationship built with Eelpower, offering enhanced terms by…