The Department of Energy in Abu Dhabi signed a memorandum of understanding (MoU) with State Grid Corporation of China (SGCC), on Tuesday, to build a strong, highly efficient smart energy and power system to utilize diversified sources in the clean and renewable energy sector. The Department of Energy said the partnership aligns with the overall […]
The real estate firm International WELL Building Institute (IWBI) collaborated with sustainability firm in real estate and infrastructure GRESB on Tuesday, to accelerate social sustainability by improving reporting and disclosure capabilities across key social factors, including health, equity and well-being. The firm said the newly built partnership aims to develop resources to help investors, companies […]
Digital access provider Mitek Systems appointed David Lyle as chief financial officer of the company on Tuesday, effective from January 2, 2024, taking over from Fuad Ahmad, its interim CFO. The software company said Lyle will report directly to Max Carnecchia, chief executive of Mitek Systems, and will oversee global finance and accounting, information technology […]
Private equity firm Vance Street Capital, on Tuesday, signed a binding sale and purchase agreement worth 505 million Canadian dollars ($378.2 million) to sell its subsidiary firm Terra Insights to Orica, a mining firm. Vancouver-based Terra Insights is an end-to-end sensor-to-cloud data delivery platform, which provides customized engineer solutions to site-specific problems. The firm also […]
Payment gateway company Alchemy Pay and Worldpay, subsidiary of Fidelity National Information Services (FIS) partnered to amplify its payment channels and elevate its payment capabilities, on Tuesday. The company said the partnership grants access to Worldpay’s visa and Mastercard payment rails on Alchemy Pay’s On & Off-Ramp, certifying users to enjoy increased efficiency and better […]
Capital markets group JLL arranged $463 million in financing for a 13-property portfolio of investment management firm Manulife and commercial real estate dealer Scannell Properties for recapitalization, on Tuesday. The company said through Oxford Properties Group, JLL represents the borrowers, Scannell Properties and Manulife to secure financing, including properties located in eight major distribution markets […]
Oil and gas firm Mubadala Energy discovered gas presence from the exploration of well Layaran-1 at South Andaman, about 100 kilometres offshore of North Sumatra, Indonesia. Abu Dhabi-based firm said the well investigated a substantial gas column, measuring over 230 meters in thickness within an Oligocene sandstone reservoir. Through wireline, coring, sampling, and production tests […]
Innovation-led solar technology firm OCIM, a subsidiary of OCI Holdings, agreed on a long-term supplement in which OCIM will supply Cubic with high-quality, low-carbon, and U.S.-compliant silicon on Monday. The chemical supplying firm said the eight-year contract, valued at $1 billion, establishes a commitment for a yearly supply volume by OCIM, outfitting Cubic with the […]
Global SAP cloud-based solutions company Nobl Q rebranded to Nobl Q and acquired Jeevan Technologies, an IT services, consulting, and product engineering firm with development centres in India & US on Monday. The company said the newly rebranded name Nobl Q signifies noble and passionate employees dedicated to crafting exceptional customer experiences. With the acquisition […]
Global alternative asset firm TPG and real estate investing firm Oxford Properties Group partnered on Monday when TPG acquired a 75% interest in Oxford’s two Class-A industrial business parks, Brampton Business Park and Vaughan Business Park, for approximately 1 billion Canadian dollars ($746.7 million). Oxford said the properties are accessible by several highways and close […]
Software developing firm ServiceNow signed a deal to acquire task mining company UltimateSuite, on Monday, to enhance the process of mining and intelligent automation across the Now Platform. The firm said this acquisition aims to strengthen automation and artificial intelligence (AI) capabilities to help its clients identify troubles and drive strong operational efficiencies. ServiceNow said […]
New York-based IBM signed a definitive agreement worth €2.13 billion ($2.33 billion) in cash, with Software AG to acquire tech platforms StreamSets and webMethods, on Monday, to accelerate their digital transformations, and effectively deploy AI across the enterprise. Tech firm said the platforms are Software AG’s Super iPaaS (integration platform-as-a-service) enterprise technology platforms. AG’s Super […]
The insurance firm OneDegree collaborated with its peer Dubai Insurance Co. on Monday to provide insurance for digital assets while supporting Web3 players in the United Arab Emirates (UAE) and the MENA region. The collaboration also aids clients in obtaining regulatory licenses in leading digital asset hubs across the world. The newly built partnership is […]
Tech firm Open Mineral appointed Miguel Pacheco, as its chief financial officer on Sunday to improve the Middle East firm’s strong performing reputation. The company said he will guide and oversee the fiscal health of the business, and be a prudent sounding board, risk mitigator, and strategist. Before joining Open Mineral, Pacheco was at a […]
Integrated facilities management company Imdaad enters into a strategic partnership with enterprise solution provider Talisen Technologies to develop new data-enabled smart building solutions that optimize energy consumption and improve occupant comfort for the built environment. The company said the agreement was signed by Imtedaad, a business unit of Imdaad that focuses on cost-effective and sustainable […]
