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Main » 2022 » November » 19

Dubai, United Arab Emirates 
In a joint venture with Doha National Food Industries W.L.L,(member in Alwatania Internatinal Holding Company P.Q.S.C.) Del Monte Foods WLL finishes facility to provide freshly prepared products to quick service restaurants

Del Monte Foods WLL, a subsidiary of Fresh Del Monte Produce Inc., one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruit and vegetables, announced today the completion of a new facility in Doha, Qatar to meet heightened demand—as needed volumes on its products are expected to double during upcoming touristic events. The facility was built as a joint venture with Doha National Food Industries W.L.L, a fully owned company by Al Watania International Holdings P.Q.S.C, to supply global quick service restaurants with ultra-fresh juice, fresh cut fruits, fresh cut veggies, freshly prepared sandwiches, and freshly prepared salad bowls.

... Read more »
Views: 51 | Added by: africa-live | Date: 11.19.2022 | Comments (0)

Transaction values Tom Ford at $2.8 billion

Ermenegildo Zegna Group and Marcolin S.p.A. enter long-term license agreements for TOM FORD fashion and TOM FORD eyewear, respectively

(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) announced today that it has signed an agreement to acquire the TOM FORD brand, a global leader in luxury. The transformational deal will establish its longstanding partner, The Estée Lauder Companies (“ELC”), as the sole owner of the TOM FORD brand and all its intellectual property.

Under the stewardship of ELC, the purchase of the TOM FORD brand and the extension of its current licensing partners will allow for continuity and the further evolution of the TOM FORD brand as one of the preeminent global luxury brands of the twenty-first century.

The deal values the total enterprise at $2.8 billion. The amount to be paid by ELC for the acquisition is approximately $2.3 billion, net of a $250 million payment ... Read more »

Views: 46 | Added by: africa-live | Date: 11.19.2022 | Comments (0)

DUBAI, United Arab Emirates - Friday, 18. November 2022

Leaders and VIPs of the trading community enjoyed a grand evening of entertainment and networking at the Annual Gala Dinner 2022

(BUSINESS WIRE) -- MultiBank Group

Since its inception in 2005, MultiBank Group has evolved into the largest financial derivatives institution worldwide. Just recently, in October 2022, MultiBank Group moved its Headquarters from Hong Kong to Dubai, UAE. Mr. Taher, Chairman of MultiBank Group – stated:

“MultiBank Group has been recently awarded additional licenses issued by two of the most respected regulators worldwide, the Securities and Commodities Authority of the United Arab Emirates (“SCA”) and the Monetary Authority of Singapore (“MAS”). The Board of Directors had a difficult choice between deciding whether to move to Singapore or Dubai as its new Headquarters. After lengthy deliberations, I am glad to say that they approved un ... Read more »

Views: 42 | Added by: africa-live | Date: 11.19.2022 | Comments (0)

BONN, Germany - Friday, 18. November 2022 AETOSWire Print O-RAN ALLIANCE leadership elected for the 2022-2024 term 53 O-RAN technical documents published since July 2022 Face-to-face meetings boost the progress of O-RAN technical groups Further alignment of the O-RAN ALLIANCE and Telecom Infrastructure Project (TIP) (BUSINESS WIRE)--O-RAN ALLIANCE welcomes 4iG as its 32nd operator Member. O-RAN diverse membership currently counts more than 330 companies and institutions from all over the world jointly developing the open RAN ecosystem. O-RAN ALLIANCE leadership elected for the 2022-2024 term On October 24, 2022 the O-RAN ALLIANCE’s General Meeting concluded the election of the alliance’s Board of Directors for the upcoming term 2022-2024. The election took place according to the O-RAN ALLIANCE Constitution, which sets clear rules for the alliance’s operation according to WTO criteria. The Board continues to operate in its full setup of 15 leading Mobile Network Operators, unchanged ... Read more »
Views: 37 | Added by: africa-live | Date: 11.19.2022 | Comments (0)

Ryan McInerney, President since 2013, to become CEO effective February 1, 2023

Current CEO Alfred F. Kelly, Jr. to become Executive Chairman of the Board after McInerney’s appointment

(BUSINESS WIRE) -- Visa (V: NYSE) today announced the appointment of Ryan McInerney as CEO, effective February 1, 2023. McInerney currently serves as President of Visa, a role he has held since 2013. He will take over as CEO from Alfred F. Kelly, Jr., who has served as the company’s CEO since 2016 and Chairman since 2019. Following McInerney’s appointment, Kelly will assume the role of Executive Chairman of the Board.

In his role as President, McInerney has been responsible for Visa’s global businesses, delivering value to Visa’s financial institutions, acquirers, merchants, and partners in more than 200 countries and territories around the world. He has overseen the company’s market teams, business units, product team, merchant team, and clie ... Read more »

Views: 47 | Added by: africa-live | Date: 11.19.2022 | Comments (0)

Industry-leading geothermal expertise enabled evaluation of countrywide geothermal potential to explore decarbonization pathways

 

(BUSINESS WIRE)--SLB (NYSE: SLB) is collaborating with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority in building a national strategy to develop the potential of Oman’s geothermal resources.

This announcement follows the completion of an extensive project to evaluate data from more than 7,000 oil, gas and water wells, with the objective of mapping sweet spots for geothermal prospects in the country. Commissioned by the Omani authorities, the SLB experts assessed surface, subsurface and well data from the national data repository over a three-month period.

“Geothermal is one of the world’s most promising clean energy resources, and it has a crucial role to play in reaching net-zero targets,” said Gavin Rennick, president of SLB’s New Energy business. “ ... Read more »

Views: 40 | Added by: africa-live | Date: 11.19.2022 | Comments (0)

Abu Dhabi, United Arab Emirates - Friday, 18. November 2022

AED 2.5 Billion Strategic Investment also Offers Exposure to Maritime Activities in the Mediterranean Region and Port Facilities in Spain

 

AD Ports Group (ADX: ADPORTS) today announced that it has acquired Noatum, a global integrated logistics platform with a presence in 26 countries and LTM revenue and EBITDA of AED 6.91 billion (EUR 1.80 billion) and AED 555 million (EUR 145 million), respectively.

The total purchase consideration (Enterprise Value) for 100% ownership amounts to AED 2.5 billion (EUR 660 million), implying an LTM EV/EBITDA of 4.6x. This value and earnings accretive acquisition, which significantly broadens AD Ports Group’s global footprint and positions it among the leading logistics and freight forwarding companies in the world, will be fully funded through a new acquisition loan.

Recognising Noatum’s high growth potential and capacity to scale, AD ... Read more »

Views: 47 | Added by: africa-live | Date: 11.19.2022 | Comments (0)

(BUSINESS WIRE) -- The 24th China Hi-Tech Fair (CHTF 2022), which opened in Shenzhen, China on November 15 and will last until November 19, has surprised visitors both offline and online during the first three days with numerous future-facing technologies and innovations on display in the fields of IT, high-end medical equipment, new energy, aviation and aerospace.

This year’s CHTF is expected to gather over 8,000 innovative items from over 5,000 exhibitors from nearly 40 countries and regions. Various overseas delegations exhibited international cutting-edge technologies and key cooperation and exchange programs, including Canva, a graphic design APP developed by a super unicorn from the Australian Delegation; a dynamic visual intelligence SoC from the Swiss Delegation; a bioHUB cloud platform from the Brazilian Delegation; and programs for sustainable innovation and digital development and successful investment cases from the Belgium Pavilion.

On the domestic ... Read more »

Views: 39 | Added by: africa-live | Date: 11.19.2022 | Comments (0)

Lidar-Powered Mapping Systems for Any 3D Environment

(BUSINESS WIRE) -- Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a multi-year agreement to provide its lidar sensors to GreenValley International for handheld, mobile and unmanned aerial vehicle (UAV) 3D mapping solutions, including in GPS-denied environments. Velodyne is already shipping sensors to GreenValley as part of this agreement.

GreenValley uses Velodyne’s Puck lidar sensors to provide perception and navigation capabilities that enable their systems to utilize SLAM (simultaneous localization and mapping) in their mobile mapping solutions. The ability to scan without GPS by using lidar allows foresters, archaeologists, civil engineers and surveyors to build robust datasets without preparations ahead of time or complex post-processing software. Velodyne’s power-efficient, versatile sensors allow GreenValley to incorporate their technology into a variety of form factors, from backpack ... Read more »

Views: 40 | Added by: africa-live | Date: 11.19.2022 | Comments (0)

KINGSTON, Jamaica - Wednesday, 16. November 2022

(BUSINESS WIRE)--With its prime geographical location, investor-friendly business environment and a multitude of other competitive advantages, Jamaica is seen as a very attractive investment destination.

The Jamaican Government has approved a National Investment Policy that delivers a raft of initiatives that make it easier for both Jamaicans and foreigners to invest in Jamaica. Ministries and associated agencies will be positioned to provide greater assistance to investors throughout the investment process. Thanks to a partnership with the Inter-American Development Bank (IDB), the country is also expanding its Global Services Sector and encouraging investment in Agribusiness, Energy, Film/Animation/Music, Global Digital Services, Logistics and Infrastructure, Manufacturing, Mining, and Tourism.

The Prime Minister of Jamaica, the Most Honourable Andrew Holness, says, “There has never been a more exciting ... Read more »

Views: 34 | Added by: africa-live | Date: 11.19.2022 | Comments (0)