LONDON, UK: Tekmar Group, a leading provider of technology and services for the global offshore energy markets, won a significant new contract to provide pipeline support and protection materials for a major subsea construction project in the Middle East. The contract award is for a value in excess of USD 10 million and is anticipated…
Yara and Lantmännen sign commercial agreement for green fertilizers
STOCKHOLM, SWEDEN: Yara and Lantmännen are the first companies to sign a commercial agreement to bring fossil free green fertilizers to market. Produced with renewable energy, these green fertilizers are crucial for decarbonizing the food chain and offering consumers more sustainable food choices. Yara, a leading global fertilizer producer, and Lantmännen, northern Europe’s leading agricultural…
Wizz Air issues EUR 500 million bond
GENEVA: Wizz Air Holdings Plc, the fastest growing European low-cost airline, announced the pricing of its bond offering of EUR 500 million 1.00% notes due in 2026. The offering is expected to close on 19 January 2022 subject to customary conditions. The bond offering was executed within the framework of the Euro Medium Term Note…
Digital 9 Wireless buying 56% stake in Tetra Ireland for €76mn
LONDON, UK: Digital 9 Wireless Limited has signed a conditional agreement to acquire a majority stake (56%) in the exclusive operator of public safety wireless networks across the Republic of Ireland (RoI), Tetra Ireland Communications Limited for a total consideration of approximately €76 million. Digital 9 Wireless may also have the opportunity to increase the…
Smartoptics appoints Carina Osmund as Chief Operating Officer
OSLO, NORWAY: Smartoptics Group AS, a leading provider of optical networking solutions, announced the appointment of Carina Osmund as Chief Operating Officer. Carina Osmund brings more than two decades of experience from the electronic and electro-optics industry and has a long track record of leading innovative and diverse teams. As Chief Operating Officer, Carina will…
Dr Will Goodall appointed as acting CEO of Aura Energy
SYDNEY, AUSTRALIA: Aura Energy Limited announced the appointment of Dr Will Goodall as acting CEO, who will continue to drive Aura towards expanding the Tiris uranium resource and preparing the company for production of uranium at its flagship Tiris Project in Mauritania. The Company has also commenced the recruitment process to appoint a Managing Director…
Dr. Tony Chamberlain appointed COO at Vimy Resources
SYDNEY, AUSTRALIA: Vimy Resources Limited announced the appointment of Dr Tony Chamberlain to the position of Chief Operating Officer (COO). Dr Tony Chamberlain first joined Vimy as an executive in 2014, where he successfully took the Mulga Rock Project (MRP) from concept to a Definitive Feasibility Study (DFS) in under 4 years. During this time,…
Ras Al Khaimah Cement buys IHC’s Apex Holding for AED3.05bn
ABU DHABI, UAE: Ras Al Khaimah Cement Investment (RAKCIC) has agreed to buy entire shares of International Holding Company (IHC) and Chimera Investments in APEX Holding in a AED 3.05 billion deal. Apex Holding is subsidiary of International Holding Company based in the United Arab Emirates. The company has diversified operating business model with investment…
6 Things Your Business Needs To Grow Faster
Every seasoned business owner will tell you that this whole journey is far from simple, especially in the beginning. There are so many things that you have to take into consideration before you proceed which oftentimes can be overwhelming. This is an uncharted territory that has to be thoroughly examined in order to avoid potential…
Magnit delivers 105,000 online orders in one day
KRASNODAR, RUSSIA: Magnit one of Russia’s leading retailers, delivered 105 thousand online orders to its customers in one day in the lead-up to the New Year. The record-high number of online orders for the company’s own delivery and partner services was set on December 30, 2021. The average “pre-New Year” ticket (December 17 to 31,…
NOVATEK and Fortum agree on renewable power supply
MOSCOW: NOVATEK’s joint venture Cryogas-Vysotsk signed a power purchase agreement for renewable electricity produced by the European energy company Fortum in Russia. The Agreement builds on the cooperation of NOVATEK and Fortum under the Memorandum of Understanding that the Parties signed at the Saint-Petersburg International Economic Forum in June 2021. According to the Agreement, the…
Ultra and Mahindra win £60 million contract with Indian Navy
LONDON, UK: Ultra Electronics in partnership with Mahindra Defence Systems Limited, won the Integrated Anti-Submarine Warfare Defence Suite (IADS) programme for selected frontline warships of the Indian Navy. The contract is worth approximately £60 million to Ultra. Deliveries are due to commence in 2024 and to be completed by 2030. IADS provides a powerful multi-sensor…