Asset management firm Franklin Templeton Investment confirmed the appointment of Muneera AIDossary as its new chief executive on Tuesday, for Franklin Templeton Financial Co, new office at Saudi Arabia. The newly appointed chief took over on October 2, and the company said she will be responsible for expanding the footprints of Franklin Templeton and business […]
Abu Dhabi Businesswomen Council (ADBWC) signed a memorandum of understanding (MoU) with consultation provider Takalam, on Tuesday, with an aim to advance the role of women in private sector and enhance their contribution in sustainable development in Emirate of Abu Dhabi. The women council is an affiliate of the non-profit organization Abu Dhabi Chamber of […]
Singapore-based Primech Holdings Ltd said it set the initial public offering of 3 million shares at $4 per share, on Monday, which are approved for listing on the US-based Nasdaq Capital Market under the ticker symbol ‘PMEC’. The company initially registered to go public by filing Form F-1 with U.S. Securities and Exchange Commission (SEC), […]
Renewable energy firm Masdar joined hands with Malaysian Investment Development Authority (MIDA), on Monday, which aims to transform Malaysia’s sustainable energy sector by investing $8 billion for up to 10 gigawatts (GW) of renewable sustainable projects. The UAE-based company said to facilitate Masdar in undertaking the development of 10GW renewable projects by 2035, including ground […]
Singapore-based Bolttech Insurance partnered with online travel agency Trip.com Group on Sunday with an objective to expand into Hong Kong and provide travel insurance to Trip.com customers’ purchase journey. The insurtech company said it aims to provide Bolttech’s insurance travel policy directly to Trip.com’s customers in the travel agency’s mobile app through this partnership. Additionally […]
The digital transformation firm Global Wavenet Pte Ltd said the company exhibit its digital expertise in the field of generative AI as well as in telecommunications and digital healthcare industries at Digital Transformation World (DTW) 2023, on Monday. At DTW event, Suren Pinto, chief executive of Wavenet introduced its collaboration with leading telecommunication companies at global […]
E-commerce platform Lazada Group said it partnered with Seoul Business Agency (SBA) to explore new venture with South Korea’s small and medium sized enterprises (SMEs) as well as to expand their reach into south-east Asia market, on Sunday. The company aims to expand its reach by starting from Singapore. Lazada said this partnership aims to […]
European asset management firm Amundi appointed Domenico Aiello, financial chief as new chief executive of Amundi Italy on Friday, and Aurélia Lecourtier will replace Aiello, effective from November 1. The newly named chief executive has worked with Amundi since 2017 and was in the role of financial chief since 2019, said the company. Aiello joined […]
Dubai’s rental market witnessed an increase in rent activity in past two years, ending the negative growth cycle that began in mid-2015 till late 2021, said Dubai rental report 2023, from commercial real estate service provider CBRE on Thursday. The report stated current rental market of Dubai has created a difference between new and renewed […]
Saudi Arabia-based SAL Logistics Pvt Ltd said it set the price of initial public offering (IPO) at SAR 106 ($28.26) per share, implying a market capitalization of SAR 8,480 million at listing, on Friday. The company said along with its financial advisor HSBC Holdings Plc offered its price range in September. The process of IPO […]
Digital services and consulting firm Infosys Ltd with a research company Economist Impact, on Thursday, launched a digital platform Value Chain Navigator (VCN) with an aim to help businesses understand and address the scope 3 emissions. The company defines Scope 3 to include all indirect emissions that occur in the upstream and downstream activities of […]
Science and technology company Leidos Holdings Inc, on Thursday, launched its cyber secure software platform ‘ProSight’, where it aims to provide airport and commercial organization with a centralised security management system to tackle high risk area. The tech company said the newly built software will be unveiled during International Exhibition for Airport Equipment, Inter airport […]
Tech solution provider Endava Plc said it partnered with Ministry of Economy UAE’s NextGen FDI programs to extend its reach in the middle-east market with an aim to build on its existing team in Dubai’s Internet city and relocate senior leadership as well as technical team into the country. London-based Endava is listed on New […]
Isaral-based firm StoreDot partnered with producer and supplier of automotive parts Flex|N|Gate Group on Wednesday, with an aim to develop and expand extreme fast charging battery (XFC) cells for electric vehicles. The company said the partnership is also aimed at StorDot’s expansion in North American region by manufacturing and supplying robust, proven XFC cells to car […]
Mobility retailer Abu Dhabi National Oil Co (ADNOC) said the company is shifting its heavy vehicle fleet to B20 biofuel aiming for 15% reduction in CO2 emissions from the fleet and reducing carbon footprints. Earlier this year, ADNOC Distribution said it converted a $1.5 billion term loan linked to sustainability. This service is a penalty […]
