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• The combined entity will create one of the leading integrated oil & gas and marine services EPC players with an established footprint across MENA and South Asia

• Transaction unlocks significant value creation potential for the combined group for shareholders and wider stakeholders through revenue diversification, cost synergies and increased scale and resilience to market cycles

• NMDC would remain listed and become one of the largest companies on the Abu Dhabi Securities Exchange by market capitalisation, providing a positive impact on overall demand and liquidity

Abu Dhabi, United Arab Emirates-Tuesday 15 December 2020 [ AETOS Wire ]

Shareholders of National Marine Dredging Company PJSC (“NMDC”), have voted at the Company’s General Assembly Meeting to approve the recommended offer from General Holding Corporation PJSC (Senaat), which is part of ADQ, and other minority shareholders of National Pe ... Read more »

 Interactive Brokers Central Europe to Serve Investors and Wealth Managers in Rapidly Growing Region

GREENWICH, Conn.-Tuesday 15 December 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, today announced the creation of Interactive Brokers Central Europe Zrt., (IBCE) and the opening of an office in Budapest. With the addition of Hungary, the global brokerage firm now has ten entities around the globe in the US, Australia, Canada, Hong Kong, India, Japan, Luxembourg, Singapore, and the UK, serving over one million client accounts in more than 220 countries and territories.

“Establishing an office in Hungary is part of our continuing trend of opening entities around the world to support our growing global presence,” said Thomas Peterffy, chairman of Interactive Brokers. “We plan to make Budapest the center of our operations for Central Europe to keep pace with account growth, which h ... Read more »

Extending delivery of new CBN diaspora remittance rules whilst offering customers another convenient and flexible payout option

LAGOS, Nigeria-Tuesday 15 December 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- WorldRemit, a cross-border digital payments service, today launched a service for customers in Nigeria to receive international transfers in their bank accounts in USD ahead of the Christmas celebrations. This further demonstrates WorldRemit’s ongoing commitment to offering customers easy and convenient ways to send and receive money following the Central Bank of Nigeria’s (CBN) new directive for remittances.

According to consumer research, 30% of those who responded to a WorldRemit survey1 stated that they will not be travelling to visit family and friends due to pandemic-related travel concerns. The ability to transfer money to USD denominated bank accounts in Nigeria offers greater flexibility and payment options for those sending money tr ... Read more »

World’s largest airline alliance selects AWS to build resiliency, improve operational efficiencies, and enhance traveler experiences

- Expected 2021 revenue of EUR 350 million to EUR 400 million with EBITDA of EUR 100 million to EUR 125 million

- Strengthening of capital base through successful EUR 52.5 million capital increase

FRANKFURT AM MAIN, Germany-Tuesday 15 December 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), a leading provider of High-Performance Computing (HPC) solutions, has published its forecast for the financial year 2021.

The Company's growth in infrastructure for bitcoin mining and High-Performance Computing, which whilst already substantial in 2020, is set to accelerate significantly again in 2021. Accordingly, Northern Data AG's forecast for the 2021 financial year, based only on contracts that have already been concluded or are in the process of being concluded, envisages revenues of EUR 350 million to EUR 400 million and an EBITDA of EUR 100 million to EUR 125 million. The forecast for 2021 is thus significan ... Read more »

RICHARDSON, Texas-Tuesday 15 December 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Mavenir, the industry’s only end-to-end cloud-native network software provider for mobile operators, and Microelectronics Technology Inc. (MTI), a network solutions provider, announced today the general availability of the Evenstar B3 Remote Radio Head (RRH) in collaboration with Facebook Connectivity. The Evenstar B3 RRH will give mobile network operators (MNOs) the ability to accelerate the adoption of Open RAN technology by providing standardized architecture and a modular approach for disaggregated Radio Access Network (RAN) components.

Mavenir and MTI recently completed the end-to-end interoperability testing of the Evenstar B3 RRH and are now lab testing the solution with multiple MNOs around the world. The Evenstar B3 RRH from Mavenir and MTI not only addresses current feature requirements in networks today, but also provides flexibility for future feature upgrades, providing a t ... Read more »

Solution Complements Global Firm’s Tinubu eSURETY Carrier Software

PARIS-Tuesday 15 December 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Tinubu® Square Group, the global technology leader in the surety and credit insurance industry, announced today it has acquired the assets of SuretyWave LLC, including its technology and knowledge base, notably the cloud-based surety bond processing system known as SurePath Digital.

The acquisition continues Tinubu Square’s execution of its global strategic vision of building highly complementary and integrated enterprise software solutions and services for credit and surety insurers. This enables clients, brokers, agents, obligees, and carriers to manage their rapidly evolving, high-growth businesses efficiently.

With the acquisition, Tinubu Square’s end-to-end SaaS platform simplifies processing for an entire value chain that has long struggled with disparate, complex surety bond information ... Read more »

WILMINGTON, Del.-Tuesday 15 December 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- CSC, a world leader in global business, legal, tax, and digital brand services, is pleased to announce that it has acquired FIRSTCORP PTE. LTD (FIRSTCORP) and its affiliates, a Singapore-based service provider of company secretary and administration services to corporations and alternative asset managers.

FIRSTCORP offers company formation, corporate secretarial, and domiciliation services. It specializes in the establishment and ongoing administration of Singapore companies as well as business entities in other key financial centers including Hong Kong, and other jurisdictions such as the British Virgin Islands, Cayman Islands, and Labuan. By managing the administrative and corporate secretarial compliance responsibilities of businesses operating in those jurisdictions—together with its strong network of partners—FIRSTCORP’s services enable its clients to navigate the incre ... Read more »

Dubai, United Arab Emirates-Tuesday 15 December 2020 [ AETOS Wire ]

Introducing Rove La Mer Beach, a brand-new hotel on the sunny shores of Dubai’s iconic La Mer beachfront, where the surf meets the city. Guided by Dubai Tourism’s vision to offer global travellers customisable experiences suitable for every type of visitor, Rove La Mer Beach gives Rovers (guests) the perfect excuse to soak in the sun, sand and pristine beach waters, explore trendy restaurants, and enjoy an affordable beachside stay. Centrally located, only a 10-minute drive from City Walk and Downtown Dubai.

“Rove La Mer Beach is Rove Hotels’ first beachfront hotel and an exciting step in the brand’s journey. As we add more and more convenient locations to our ever-growing collection of well-connected hotels, we continue to find new ways to engage the modern traveller with a diverse array of enriching experiences. By bringing fun, affordable and fuss-free hospitality to ... Read more »

LONDON-Tuesday 15 December 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Arthur D. Little (ADL) today announced that Hiroto Suzuki has been appointed as Global Leader for the Automotive & Manufacturing Practice. Suzuki will take over from Giancarlo Agresti, who has successfully led the practice for the last nine years, and was the driving force behind its increased global presence and diversification into different sub-industries.

Based in ADL’s Tokyo office, Suzuki was previously responsible for relaunching ADL’s South-East Asia (SEA) operation, initiating a ‘Japan-Europe desk’, and working closely with China, the US and other markets. He has published several books on mobility and management topics, and is known as an opinion leader in the Japanese automotive and manufacturing industry.

Ignacio García Alves, Chairman and Chief Executive Officer of Arthur D. Little, comments: “I would like to express my personal gratitude to Giancar ... Read more »