Architecture and planning company Martela Group, on Wednesday, said it will lay off about 6% of jobs to restructure its work operations due to challenging market situations leading to weakening its business volume and profitability. The firm said this planned action aims to improve the service experience of Martela’s customers as well as to mitigate […]
Diagnostics solution provider Qiagen said it will expand its business in the Middle East region with regional headquarters in Riyadh, Saudi Arabia, on Wednesday, with an aim to improve its ability to serve clients in the area. The company said the expansion is also to accommodate its growing regional presence and customer needs, Qiagen will […]
Energy firm Dragon Oil started production of crude oil from state-owned oil discovery Al Wasl field (also known as North Safa), in the Arab Republic of Egypt, on Tuesday. The firm said it is set to drill seven new wells over the next two years as per the agreed plan with Egyptian authorities to achieve […]
Infrastructure firm Ara Partners acquired a majority interest in energy provider firm USD Clean Fuels to bring critical infrastructure solutions in the North American renewable fuel market, beginning with West Colton Rail Terminal, on Tuesday. The company said as part of the deal, USDCF also acquired the West Colton Rail Terminal, a fully operational biofuels […]
Advertising technology platform IQM, on Tuesday, appointed Kris Qiu, who is the chief operating officer of the company to take over as chief executive, effective January 1. Bhargav Patel, former CEO, who led the company for almost a decade will join IQM’s board as a non-executive chairman. Before which, Patel co-founded Genuin, a social networking […]
Energy and water firm TAQA signed a consortium with Saudi Water Partnership Company (SWPC) for Juranah Independent Strategic Water Reservoir Project (ISWR-1) in Saudi Arabia, on Tuesday. The consortium includes three firms in all, which are Vision International Investment (Vision Invest), development and investment holding company along with Gulf Investment Corp (GIC), financial service provider […]
Energy company CNOOC Ltd, on Tuesday, said Mero2 Project, the second assignment of the development plan commenced production safely. The company said the development plan began its production at Mero, Brazil’s well-known oilfield, located in the Santos Basin pre-salt southeastern offshore Brazil. Mero includes four production units namely, Mero1, Mero2, Mero3, and Mero4. Mero1 commenced […]
Renewable energy firm NextEra Energy Partners, on Thursday, sold its Texas natural gas pipeline portfolio for $1.82 billion in cash to oil and gas firm Kinder Morgan. The firm said the gas pipeline portfolio consists of seven pipelines supplying natural gas to Mexico, as well as to power producers and municipalities in South Texas. The firm said […]
Renewable energy facility Pattern Energy Group closed an $11 billion non-recourse financing on Wednesday, and begun full construction of SunZia Transmission and SunZia Wind, which together is one of the largest clean energy infrastructure project in U.S. history. The renewable energy infrastructure projects SunZia Wind and SunZia Transmission are two of the largest energy projects […]
Retail electricity company American Electric Power (AEP) agreed to sell its 50% interest in energy firm New Mexico Renewable Development (NMRD), to Exus North America Holdings, an investment and asset management firm, on Tuesday. The company said AEP along with electricity and electric services provider PNM Resources, which owns the other 50% of NMRD, are […]
Heavy industries company Human Dynamics (HD) Hyundai partnered with Alphabet-owned Google Cloud to accelerate its digital transformation using generative AI technology on Monday. The company said the partnership will introduce generative AI across Hyundai’s core businesses, including its world-leading shipbuilding and top-ranking construction machinery businesses in Korea. Google Cloud will provide enterprise solutions like its […]
Digital firm Yango Tech, on Wednesday, started public beta testing of its human-like AI assistant Yasmina, where the firm will now welcome the general public to enroll to interact with Yasmina. Dubai-based company launched this Arabic-speaking, human-like AI assistant in mid-October. The firm said this AI-based assistant is equipped to understand Arabic dialects and respond […]
Mining firm Metals Acquisition Ltd (MAC) appointed Morné Engelbrecht as its new chief financial officer on Wednesday, taking over from Dan Vujcic, interim CFO, effective February 10, 2024. The newly appointed financial chief, in his 23 years of professional career has served multiple leadership roles pertaining to the resources industry like mining, oil, and gas. […]
Investment solutions provider Ninepoint Partners, on Wednesday, said Canadian Large Cap Leaders Split Corp filed a preliminary prospectus in connection with an initial public offering of preferred and class A shares. The company said Canadian Large Cap Leaders filed its prospectus on Tuesday, and it will invest in an initially equally-weighted portfolio comprised primarily of […]
Game-developing publisher Wemade said it is expanding the gaming ecosystem with the upcoming launch of popular Wemix Play-hosted games on LG Smart TVs and monitors, on Wednesday. The company said this is the first time the games hosted on Wemix Play’s gaming platform, blockchain will be made available on LG screens, marking a new milestone […]
