LONDON, UK: Taylor Wimpey plc announced that Jennie Daly has been appointed as CEO, effective from the conclusion of the Annual General Meeting on 26 April 2022. To recall, Pete Redfern will be stepping down as CEO of the company after more than 14 years of outstanding service in the role, the Board is delighted…
ADQ and Alpha Dhabi to acquire 15% in OCI Methanol for $375mn
AMSTERDAM: ADQ and Alpha Dhabi Holding will acquire a 15% stake in the OCI Methanol Group for a total consideration of US$375 million. As part of the alliance, OCI Methanol Group will be incorporated as an ADGM company in Abu Dhabi. OCI N.V. announced the signing of definitive legal agreements for a strategic alliance with…
Close the Loop acquires bulk packaging business, Crasti & Company
MELBOURNE, AUSTRALIA: Close the Loop Limited (ASX: CLG) has strengthened its position in the bulk packaging market via the acquisition of leading Australian bulk packaging business, Crasti & Company Pty Ltd. Established for over 25 years, Crasti & Co. is one of Australia’s largest Flexible Intermediate Bulk Container (FIBC) and bulk packaging supplier. Crasti &…
Gefen acquires majority stake in SaaS CRM platform firm, Roeto
TEL AVIV, ISRAEL: Gefen International A.I. Limited along with Verify Insurance Agency Ltd. Have entered into a binding Share Purchase Agreement with Roey Segal, Demitry Grossman and Tomer Barnea to acquire 80% of the issued capital of Roeto Ltd, an Israeli based technology company that provides a SaaS CRM platform for life insurers and financial…
CEO of Class Limited Andrew Russel to step down on Feb 16
SYDNEY AUSTRALIA: Class Limited announced that Andrew Russell is stepping down from his role as CEO and Managing Director effective 16th February 2022. It may be mentioned here HUB24 Limited will acquire all shares in Class Limited. To support a smooth transition Mr. Russell will be an adviser to HUB24 until 31 March 2022. HUB24’s…
valU signs partnership with The American University in Cairo
CAIRO, EGYPT: valU, MENA’s leading buy-now, pay-later (BNPL) fintech platform, and The American University in Cairo (AUC) have signed an agreement to offer convenient and affordable financing plans for individuals seeking to pursue an undergraduate or a graduate degree at AUC, enabling them to pay through valU. Through the partnership, students seeking to join one…
How To Use Online Accounting To Improve Your Business
Small business owners can use online accounting to improve their businesses in a number of ways. By tracking finances and creating reports, business owners can make better decisions about where to allocate resources and how to grow their businesses. In addition, online accounting makes it easier to stay compliant with tax regulations and manage bookkeeping…
IFID 2022 announces BisB as exclusive banking partner
MANAMA: The 3rd Islamic Finance Innovation Day (IFID) Forum announced Bahrain Islamic Bank (BisB) as the Exclusive Banking Partner. Taking place in the Kingdom of Bahrain on 27th February 2022 at the Gulf Hotel as a hybrid event, the Forum is being held under the Patronage of the Central Bank of Bahrain (CBB) and is…
Systems Limited invests Rs150mn in Jomo Technologies
KARACHI: PSX listed Systems Limited, a global leader of next-generation IT services and BPO solutions, has agreed to make a strategic investment of Rs150 million in Jomo Technologies (Private) Limited, a progressive eCommerce company, selling global and local fashion/sportswear brands through its platform. “This investment is aimed at enhancing our presence in the digital retail…
Mobile Streams to launch new India services with Vodafone
LONDON, UK: Mobile Streams plc will launch new services in India in partnership with Vodafone India during the first quarter of 2022. The company intends to launch gaming, esports and Metaverse services via its own App to Vodafone India’s over 273 million customers. The service will be delivered via an App on the Google App…
Eni International and HitecVision to sell 220mn shares in Vår Energi ASA
SANDNES, NORWAY: Vår Energi ASA has resolved to launch an initial public offering (IPO) of shares in the company. Subject to approval of the prospectus, the listing application and successful completion of the offering, the shares of Vår Energi will be admitted to listing and commence trading on Oslo Børs on a conditional trading basis…
Saint-Gobain sells its glass processing business in Estonia
PARIS, FRANCE: Saint-Gobain has entered into an agreement for the sale of its regional glass processing business Baltiklaas OÜ in Estonia to Polar Glass OÜ, a subsidiary of Barrus AS. Barrus AS is the largest glued laminated timber manufacturer in Estonia and supplier to window and door producers. Baltiklaas OÜ employs more than 200 people…