IT service provider Thales Digital Identity & Security collaborated with financial service provider Trust Bank Singapore on Wednesday, to launch ocean plastic, a sustainable credit and debit card made from plastic found in the ocean. The tech company said the recycled card consists of 70% ocean plastic from Parley for the Oceans, non-profit environmental organization. The […]
Insurtech firm Shory.com partnered with Al Ain Ahlia Insurance, on Wednesday, with an aim to combine Al Ain Ahlia’s insurance plan with Shory’s digital platform to provide car insurance solution to its customers. The firm said the deal was signed by Suliman Abdullah Alfallaj, co-founder of Shory and Mohd Mazhar Hamadeh, general manager of Al […]
Smart home appliance provider Haier Smart Home acquired Carrier Global’s wholly-owned subsidiary, Carrier Commercial Refrigeration in a deal valued at $640 million, on Wednesday. Haier said it will purchase 100% of the equity interests and assets in Carolin Holdings B.V. Carrier to acquire Carrier’s commercial refrigeration business. The company also said its objective through the […]
Energy company Enbridge entered into a definitive agreement to sell its 50% interest in Alliance Pipeline and 42.7% interest in Aux Sable to energy transportation and midstream service provider Pembina Pipeline for $3.1 billion, on Wednesday. Enbridge said the sale included non-recourse debt at Alliance of about $300 million, and subject to customary closing adjustments. […]
Multi-asset class exchange firm TMX Group agreed to acquire about 78% of digital distribution and analytics company VettaFi Holdings’ remaining common equity for $848 million, on Wednesday. TMX, earlier in January, acquired nearly 22% of VettaFi’s common equity for $175 million. Also, John McKenzie, chief executive of TMX Group and Rajarathinam, operating chief joined VettaFi’s […]
Financial service provider Guardian Life Insurance Company of America, on Tuesday, said its board approved a dividend allocation of $1.40 billion to its participating policyholders in 2024, while increasing its dividend interest rate (DIR) to 5.90%. The firm has shown a consistent increase in its DIR, where in 2022, it was 5.75%, and rose to […]
Innovative technology platform Arena Group Holdings with its board terminated the employment of Ross Levinsohn, chief executive of the company, effectively immediately, on Monday, resulting from the recent agreement to combine with Bridge Media Networks. The company also named Manoj Bhargava as interim chief executive, effective immediately. On December 5, Arena’s board terminated Andrew Kraft, […]
Digital bank and payments services company Discover Financial Services appointed Michael Rhodes as chief executive officer, effective on or before March 6, 2024, on Monday. He will also serve as president of Discover Bank and will be appointed to its board, effective the same date. John Owen took over as interim chief executive after Roger […]
Renewable energy company Ørsted and water supplier Salt River Project (SRP) partnered with Meta, to support the Facebook parent’s Mesa data center, with a new solar energy and battery project, on Monday. Ørsted said Meta will receive majority portion of the solar energy generated by its Eleven Mile Solar Center, a 300-MW solar farm and […]
Aviation and Aerospace firm, Boeing company appoints an insider Stephanie Pope as chief operating officer, on Monday, effective on January 1, 2024. The firm said she will be reporting to Dave Calhoun Chief Executive Officer of Boeing. The firm said Pope will oversee the performance of its three business units along with the responsibility for driving […]
Resort and luxury company Aman, on Monday, appointed Jonathan Wilson to take over as chief executive of its subsidiary cruise line Aman at Sea, who will launch one of the first luxury motor yacht developed through a joint venture between Aman and Cruise Saudi. The company said the CEO of the cruise line will lead […]
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, […]
