DUBAI, UAE: Oman Insurance Company (OIC) has acquired UAE Life insurance portfolio from Assicurazioni Generali S.p.A. The agreement, signed on February 23rd, 2022, reflects the long-term partnership between the two players and is in line with Generali’s overall strategy to rationalize its business model in UAE by strengthening its ecosystem of partnership proposition. The transfer…
Al Salam Bank’s bid to acquire Ithmaar’s consumer banking division approved
MANAMA, BAHRAIN: Al Salam Bank announced that the acquisition of Ithmaar Bank’s consumer banking division and a number of other assets in a transaction worth US$2.2 billion received the shareholders’ approval of Ithmaar Holding B.S.C. at an EGM on Thursday, 17 March 2022. The approval follows a memorandum of understanding in October 2021 and the…
Culpeo Minerals to acquire Lana Corina Copper Project
SYDNEY, AUSTRALIA: Culpeo Minerals Limited (ASX: CPO) has entered into an agreement to acquire the Lana Corina Copper Project from SCM Antares. Lana Corina is a high-grade copper project, hosting multiple outcropping copper bearing breccia pipes associated with a well mineralised porphyry intrusive. The Project is located 40km north of the Company’s Quelon Project in…
Classroom management product, Classwize is live in UK
SYDNEY, AUSTRALIA: Family Zone announced that its classroom management product Classwize is now live in the UK. Classwize is Family Zone’s world class classroom management technology. Classwize provides screen visibility, internet control, messaging, reports, analytics and much more capability to support teachers in today’s digitised classroom. One of the key strategic reasons that Family Zone…
iCandy acquires 60% of Gameconomy
SYDNEY, AUSTRALIA: iCandy Interactive Ltd (ASX: ICI) announced the completion of the 60% acquisition of Southeast Asia based gaming backend technology tools provider, Gameconomy Sdn Bhd. iCandy acquired 60% of Gameconomy for a total consideration of MYR 1.5 million (A$ 497,264). Gameconomy, which is a gaming backend technology development company with a track record in…
The Role and Importance of Insurance in Your Financial Planning
Financial planning aims to help you find the best method to maximize your savings and investments. However, a financial plan alone does not guarantee that you will enjoy your savings and investments. This is where insurance comes in handy. Having a good insurance policy gives protection against unexpected situations and lets you enjoy your savings…
Financial Tips to Follow if You Want a Solid Investment Return Rate
When it comes to investments, there are a lot of factors that go into deciding what will give you the best return. It would help if you thought about your risk tolerance, how long you plan to hold the investment, and its fees. But even once you have all that figured out, you still need…
How Can Businesses Improve Their Daily Financial Operations
The economy is a complex system. It’s easy to get lost in the details, but it’s worth taking the time to understand what makes economies tick and how they can be improved. Here are three important pieces of knowledge that every decision-maker should know. 1) The Economy Is A Complex System The most important thing…
How To Better Manage Data Collection In A Company
Businesses collect and use data to inform decisions, improve products and services, make predictions, and much more. When information is used ineffectively, it can result in a significant loss. Poorly managed data collection can lead to inaccurate records, missed deadlines, and failed marketing initiatives. By the end of this post, you will understand how you…
Mobile Streams announces acquisition of full ownership of KrunchData Limited
LONDON, UK: Mobile Streams plc, the AIM quoted mobile content and data intelligence company, has exercised its option to acquire the remaining 51% interest in KrunchData Limited on the terms previously announced on 25 March 2021. The £765,000 consideration will consist of £265,000 cash and 166,666,666 in shares issued at 0.30p each, being the closing…
TradeFlow senior note listed on Smat, the Swiss Wealth Management investment platform
LONDON, UK: Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation service to manufacturing and trading companies, announced that TradeFlow Capital Management‘s 4 years senior note, issued by its CEMP USD Trade flow Fund and arranged by Conduit Securities Pte Ltd, part of the Conduit group, has been made available on Smat,…
Anglo American partners EDF to secure 100% renewable energy supply for South Africa
LONDON, UK: Anglo American has signed a Memorandum of Understanding with EDF Renewables, a global leader in renewable energy, to work together towards developing a regional renewable energy ecosystem (“RREE”) in South Africa. The ecosystem is expected to be designed to meet Anglo American’s operational electricity requirements in South Africa through the supply of 100%…