ABU DHABI, UAE: Emirates Telecommunications Group Company (Etisalat Group) announced that Mr. Mikhail Gerchuk was appointed as CEO International reporting directly to Group Chief Executive Officer, effective from 1st of March 2022. Mikhail Gerchuk will be responsible for providing comprehensive direction to develop and implement the international telco strategy and the accompanying long-term plans needed…
Edenville International wins contract to operate Rukwa Coal Project in Tanzania
LONDON, UK: Edenville Energy’s subsidiary Edenville International (Tanzania) Limited (EITL) has entered into a contract with Nextgen Coalmine Limited for the operation of the company’s Rukwa Coal Project in Tanzania. The agreement is for an initial period of one year from 1 February 2022, and supersedes the Coal Mining Agreement with Infrastructure and Logistics Tanzania…
What are Digital Payments?
Digital Payments are payments that are conducted over the internet and mobile channels, technology has made it possible for anyone with a smart device to carry out transactions easily and securely, both in person and online. Any payment that is sent online or through mobile computing and internet-enabled devices can be called such a digital payment. Both…
Westpac Group reduces corporate size by 20% to reduce costs
AUCKLAND, NEW ZEALAND: Westpac Group has announced changes to simplify the bank, improve accountability and reduce costs. In 2021, Westpac established a 3-year plan to reduce its cost base to $8 billion by 2024. We are now implementing a key part of that plan: creating a smaller, more focussed head office, reducing the size of corporate functions by…
NOVATEK obtains Certification for CO2 underground storage in Yamal and Gydan
MOSCOW, RUSSIA: PAO NOVATEK announced today that the first of three stages of international certification for long-term CO2 underground storage sites in the Yamal and Gydan Peninsulas has been successfully completed and that site feasibility certificates have been issued for further study of the sites and subsequent certification stages. Det Norske Veritas (DNV), an independent certification and classification…
PSW enters strategic agreement with Cameron
OSLO, NORWAY: Scana-owned PSW Technology has signed an exclusive licence agreement with global oil service provider Cameron, a Schlumberger company. The agreement, which is the first in Norway for both Cameron and PSW, will enable PSW to recertify Cameron marine risers as per OEM (Original Equipment Manufacturer) standards. PSW will perform all work, exchange parts,…
Solid State Plc, wins multi-million pounds contract with BAE Systems
LONDON, UK: Solid State plc (AIM: SOLI) announced that following a pre-qualification stage and a competitive tender process, BAE Systems has awarded Steatite Ltd, the manufacturing arm of Solid State Plc, a multi-million pound contract to design, develop and qualify computer consoles for maritime platforms. The multi-function use of the console will need to comply…
Georgia Capital completes first stage of disposal of water utility business
LONDON, UK: JSC Georgia Capital is disposing controlling interest in Georgia Global Utilities JSC (GGU) to FCC Aqualia for USD 180 million and the proposed demerger by GGU of its renewable energy business to JSC GCAP. GCAP announced that the disposal, the first stage in the proposed two-stage transaction, has completed today, and the full…
Sinch AB implements new operating model, changes to management team
STOCKHOLM, SWEDEN: Sinch AB (publ), a global leader in cloud communications and mobile customer engagement, today announced changes to its organization and management team. The recent acquisitions of Inteliquent, MessageMedia and Pathwire significantly expand Sinch’s product offering and go-to-market capabilities. To support continued profitable growth and to ensure strong execution through delegated responsibility, Sinch will…
Itaconix plc: new patent filed for plant-based ingredient
LONDON, UK: Itaconix Plc (AIM: ITX) is extending the Itaconix technology platform into potential uses in composite materials and has filed a new patent to protect innovative intellectual property for expected applications in this new area. The extension of the Itaconix technology platform is part of the Company’s efforts to engage with potential customers to…
CTP Germany launches with €1.0bn in ‘last mile’ logistics development targets
FRANKFURT, GERMANY: CTP N.V. has completed the takeover and delisting offer for Deutsche Industrie REIT-AG (now named Deutsche Industrie Grundbesitz AG, DIR”), which provides immediate scale in Europe’s largest economy. CTP Germany now represents about 15% of CTP’s portfolio and becomes its third largest market by gross asset value after the Czech Republic (42%) and…
Verditek sold its 10.56% holding in Industrial Climate Solutions Inc (ICSI)
LONDON, UK: Verditek Plc (AIM:VDTK), the international green technology company, has sold its 10.56 per cent equity holding in Industrial Climate Solutions Inc (ICSI) to Baker Hughes Energy Services Canada Inc. An initial payment of approximately £308,000 was received by the company in line with the size of its holding. The initial consideration was received…