Real estate administration solutions provider Crestbridge Bahrain rebranded the company’s name to Yasira, with an objective to accelerate growth and renewal of its corporate vision, on Monday. The company said rebranding reflects a strategic initiative to better serve distinctive needs of its clients in Bahrain, Saudi Arabia and the broader Gulf Cooperation Council (GCC) region. […]
Global health company, Cigna Group to acquire an increase of $10 billion in incremental share repurchase authorization, bringing the company’s total share repurchase authority to $11.3 billion, on Sunday. The company said it expects to include repurchasing at least $5 billion of shares between now and the end of the first half of 2024, with […]
Digital services provider Beyond ONE named an insider Shadli Al Abdulsalam as its Executive Chief for its subsidiary FRiENDi Mobile Oman, a network operator, on Thursday. The newly appointed executive chief will lead FRiENDi Mobile and oversee shares in Oman market, along with managing commercial activities for the Beyond One Group in the Sultanate said […]
Aerospace component manufacturer China Development Bank (CDB) Aviation, on Thursday, said it is entering in a sustainability linked loan (SLL), which is secured through $625 million syndicated term loan facility. The facility secured, a week ago, was financed by a group of mandated lead arranger (MLA) banks, which includes Crédit Agricole Corporate and Investment Bank, […]
E-commerce accounting firm AVASK appointed Bojan Gajic, from software company Helium 10, to take over as its chief executive on Thursday, while also unveiling new strategic expansion. Timothy Nelson, who has been with the company as chief executive officer since October 2020, will step down from his role. The tax advising company said Gajic’s substantial […]
Data centre solution provider Digital Realty Trust partnered with investment firm Blackstone to develop $7 billion four hyperscale data centre campuses across three metro areas on two continents, on Thursday. The company said developments are expected to support about 500 megawatts (MW) of total IT load upon full build out of all campuses. Blackstone will […]
Automotive Cybersecurity firm Autocrypt partnered with Hitachi Solutions to provide joint offerings, consulting services covering V2X, in-vehicle systems security to Japanese automotive original equipment manufacturers (OEMs) and tier suppliers, on Thursday. The mobility security provider said validation of the partnership denotes continued success of past projects, and looks to further expand the scope of collaboration […]
Google’s parent firm Alphabet introduced its most efficient and flexible artificial intelligence model Gemini, which is able to efficiently run on everything from data centres to mobile devices on Wednesday. The company said Gemini is the result of large-scale collaborative efforts by teams across Google, including the company’s colleagues at Google Research. It can generalize […]
Alphabet-owned Google and McDonald’s partnered to connect latest Google Cloud technology and apply generative artificial intelligence (GenAI) solutions across the burger maker’s outlets worldwide, on Wednesday. The public cloud vendor Google Cloud said this partnership is an important step for McDonald’s in progressing its restaurant technology platform to become the most developed and effective in […]
Financial information service provider, Fitch Group acquired of research and analytics Bixby Research and Analytics by purchasing all the remaining stock on Tuesday. The acquired firm will be wholly owned subsidiary of Fitch Solutions and will be managed by CreditSights, said the firm. Additionally, Bixby will be incorporated into CreditSights’ leveraged finance product suite, which […]
United Arab Emirates, one of the largest banks, First Abu Dhabi Bank (FAB) confirmed its partnership with low-carbon energy and services provider ENGIE Solutions by signing a memorandum of understanding (MoU), on Tuesday. This partnership is aimed at advancing the companies’ capabilities in financial decarbonisation solutions. The bank stated the agreement was signed in COP28 […]
Economic analysis software provider Moody’s Corp launched an analytical tool powered by generative artificial intelligence (GenAI) called Moody’s Research Assistant, on Tuesday. The company said using Moody’s extensive proprietary content and the updated large language models (LLMs), this newly launched tool will help customers generate and understand from the width and depth of Moody’s credit […]
India’s reknown renewable energy company ReNew Energy Global Plc signed a memorandum of understanding (MoU) with Asian Development Bank on Sunday, with reason to collaborate on climate change mitigation and adaptation projects. The company said overall investment value the MoU project covers is over $ 5.3 billion between 2023 and 2028. The MoU was signed […]
Varnish Software, a powerful leader in caching, streaming, and content delivery software solutions, appointed Fredrik Borg as its new CEO to Spearhead Business Expansion, on Monday. As a CEO, Borg will work on Varnish Software’s latest achievements while also continuing its expansion across the global content delivery market. Borg’s remarkable accomplishments and expertise in leading […]
Online streaming platform Spotify said it will reduce its workforce by about 17% across company with an aim to reduce its costs and alter reasons for slowdown in growth. Daniel Ek, executive chief, on Monday, shared a note on the company’s official website. The audio company said resizing of the firm’s workforce is remarkably […]
