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 […]
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 […]
