LONDON, UK: NFT Investments announced an investment of $250,000 into Afterparty Inc, a platform for creators to engage with their fans and generate revenues from events such as live streaming. NFT Investments is a company specializing in the identification, acquisition, investment, and development of non-fungible tokens (NFTs). The investment is in the form of a…
Kavango Resources signs option to acquire 85.23% of Kalahari Key Mineral
LONDON, UK; Kavango Resources plc (LON:KAV) has entered an exclusive, three month option to acquire 85.23% of Kalahari Key Mineral Exploration Proprietary Limited (KKME) in a proposed all share-transaction. Kavango can exercise the option at its sole discretion. Kalahari Key Mineral Exploration Proprietary Limited (KKME) is a privately owned company, which currently owns 100% of…
Frontier Smart buys internet radio firm, Magic Systech
LONDON, UK: Frontier Smart Technologies completed the acquisition of Magic Systech Inc, a Taiwan-based company which specialises in Internet Radio technology. The acquisition enhances the Frontier proposition including a lower production cost technology architecture. For the year ended 31 December 2020, unaudited results for Magic reported revenue of US$2 million and a profit before tax…
Glenn Collinson appointed Chair of Aquis Exchange
LONDON, UK: Aquis Exchange (AQX.L), the exchange services group, announced that Glenn Collinson has been appointed to succeed Niki Beattie as Chair of Aquis Exchange. The appointment is effective 1 January 2022. Niki steps down from the Board after nine years, having joined Aquis Exchange as its first Chair in January 2013. Glenn’s appointment follows…
UnUsUaL enters joint venture targeting the NFT market
SINGAPORE: UnUsUaL Development Pte. Ltd., a wholly owned subsidiary of UnUsUaL Limited, has entered into a strategic partnership to expand into the fast-growing NFT market. UnUsUaL will jointly incorporate a new entity, FunBase Pte. Ltd. with Season Culture Pte. Ltd. and a third party angel investor. UnUsUaL will hold 30% of the equity interest in…
Seadrill gets $549 million contracts from Petrobras
HAMILTON, BERMUDA: Seadrill Limited has secured two contracts with Petroleo Brasileiro S.A. (Petrobras) for the West Carina and West Tellus rigs for work on the Búzios field offshore Brazil. Both contracts have been signed on a 3-year fixed-term basis, with expected commencement in September 2022. Total contract value for the two contracts is approximately $549m…
UCW Limited offloads Gradability for $2.2mn
SYDNEY, AUSTRALIA: UCW Limited has completed the sale of 100% of Gradability to Online Education Services Pty Ltd. UCW will receive approximately $2.2 million in return for its 25% shareholding in Gradability, comprising upfront consideration of $1.9 million and deferred consideration of approximately $0.3 million, subject to certain performance milestones. UCW will incur a capital…
What Is Hosting and Why Is It Important for Data?
What Is Hosting: Hosting is the act of allotting server space and bandwidth to a website, enabling it to be seen by an audience.
Abu Dhabi Commercial Bank sells stake in Orient Takaful
ABU DHABI: Abu Dhabi Commercial Bank Group (ADCB) has completed the sale of its 20% stake in Egyptian insurer Orient Takaful PJSC to Orient Insurance Company. The transaction, which was disclosed by ADCB to the Abu Dhabi Securities Exchange on 2 November 2020, is in line with the Bank’s strategy to focus on its core…
Waha Capital Included in Key UAE and Global Small Cap Indexes by MSCI
ABU DHABI, UNITED ARAB EMIRATES: Waha Capital (ADX: WAHA), an Abu Dhabi-listed investment management company, has been selected by MSCI for inclusion in its key UAE and global small-cap indexes. The decision by MSCI, one of the world’s leading index providers, raises Waha Capital’s profile amongst global institutional investors. MSCI indexes are closely replicated by…
Carolina Brandtman resigns as CEO of Qliro AB
STOCKHOLM, SWEDEN: The Board of Directors of Qliro AB and CEO Carolina Brandtman have agreed that Carolina will leave her role as CEO of Qliro. “During her three years as CEO of Qliro, Carolina Brandtman has led the company in a meritorious way and significantly strengthened the company’s competitiveness. Under Carolina’s leadership, Qliro has gone…
Clipper & Farfetch to create ecommerce platform for luxury brands
LONDON, UK: Clipper Logistics and Farfetch Limited (NYSE: FTCH) have agreed to establish a joint venture company to formalising the creation of a global e-commerce fulfilment solution for luxury brands. Farfetch and Clipper will each own 50% of the Joint Venture. The JV will create a unique logistics offering for inventory from Farfetch’s group of…