MENA | Jotup

Alat and Carrier Partner to Advance Climate and Energy Solutions in the Kingdom of Saudi Arabia

Retrieved on:

Wednesday, February 21, 2024

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat (Alat), a PIF company, and Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced their commitment to build a cutting-edge manufacturing and R&D facility in Saudi Arabia that will deliver advanced heating, ventilation and air conditioning (HVAC) solutions. The partnership will serve customers in the Kingdom, and its visionary Giga projects, such as NEOM, as well as ensure broader regional – and even global – distribution. Alat was established on February 1, 2023, by His Royal Highness Prince Mohammed bin Salman Abdulaziz Al Saud, Crown Prince and Prime Minister, Chairman of the Board of Directors of Alat.

Key Points:

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat (Alat), a PIF company, and Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced their commitment to build a cutting-edge manufacturing and R&D facility in Saudi Arabia that will deliver advanced heating, ventilation and air conditioning (HVAC) solutions.
The agreement will leverage Alat's financial strengths and Carrier's technology and manufacturing capabilities to develop made-in-Saudi Arabia intelligent climate solutions, marking the first phase of the partnership with Alat.
Amit Midha, Chief Executive Officer at Alat, said: "We are proud to partner with a global leader in intelligent climate and energy solutions, and bring to the Kingdom expertise and innovation in this field.
"Carrier has long had a presence in Saudi Arabia and we see significant growth opportunities in the region.

ATFX hires Aditya Singh as Business Development Director Institutional at ATFX MENA

Retrieved on:

Tuesday, February 20, 2024

Surya, Growth, MENA, Business

DUBAI, UAE, Feb. 20, 2024 /PRNewswire/ -- ATFX MENA Financial Services announced the appointment of Aditya Singh as the new Business Development Director Institutional.

Key Points:

DUBAI, UAE, Feb. 20, 2024 /PRNewswire/ -- ATFX MENA Financial Services announced the appointment of Aditya Singh as the new Business Development Director Institutional.
In his new role, Aditya will be responsible for developing and executing the business development strategy for ATFX MENA's institutional clients.
His wealth of experience and proven track record in business development will be invaluable as we continue to expand our institutional business.
With Aditya Singh onboard as the new Business Development Director Institutional, the company is well-positioned to achieve its goals and solidify its position as a trusted partner in the financial services sector.

Christopher Lowell Co-Founder, InnSure, Joins Insurtech SaaS Platform INSILLION as Strategic Advisor for North America

Retrieved on:

Thursday, February 15, 2024

The Hartford, MENA, Strategic management, Liberty Mutual, Climate change, P&C, Fintech, Insurance

As a strategic advisor, Christopher Lowell will guide INSILLION with key insights to drive expansion and explore new market opportunities.

Key Points:

As a strategic advisor, Christopher Lowell will guide INSILLION with key insights to drive expansion and explore new market opportunities.
Mahavir Chand, Co-Founder of INSILLION, commented, "Christopher brings a P&C carrier's strategic business perspective to our insurtech platform, his rich understanding of P&C insurance will provide us with valuable insights to establish a unique product-market fit.
We look forward to working with him to bring INSILLION to carriers and MGAs in North America."
Christopher Lowell, Strategic Advisor - North America of INSILLION added, "INSILLION's fresh perspective on merging technology and business tools and their relentless focus on the customer are exactly what is needed in the P&C industry today.

Expro to Enhance Well Construction and Well Intervention & Integrity Offerings With Acquisition of Aberdeen Scotland-based Coretrax

Retrieved on:

Tuesday, February 13, 2024

Oil, Gas, Manufacturing, Energy, Machinery, Other Energy, Well, DAV, Activated, Acquisition, ADS, Forecasting, Total, MENA, 8-K, ESSA, Multimedia, CMS, Investment, Rhamnus (plant), Growth, Wells Fargo, Form, Risk, Security (finance), NLA, Integrity, Partnership, Fine chemical

Expro is targeting up to $10 million of annual run-rate cost synergies to be achieved in the first 18 months.

Key Points:

Expro is targeting up to $10 million of annual run-rate cost synergies to be achieved in the first 18 months.
Michael Jardon, Expro Chief Executive Officer, said: “We are thrilled to announce our proposed acquisition of Coretrax, and look forward to welcoming John Fraser and his teammates to the Expro family.
John Fraser, CEO at Coretrax said: “I’m excited about the opportunities the acquisition brings for Coretrax and our team.
The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.

Middle East and North Africa Pay TV Forecast Report 2024: MENA's Pay TV Revenues to Fall by $1.6 Billion Between 2016 and 2029, Due to the OTT Push and Widespread Piracy - ResearchAndMarkets.com

Retrieved on:

Monday, February 12, 2024

TV and Radio, Entertainment, PDF, MENA, OTT, Cable television

MENA's pay TV revenues will fall by $1.6 billion between peak year 2016 and 2029, mainly due to the OTT push and widespread piracy.

Key Points:

MENA's pay TV revenues will fall by $1.6 billion between peak year 2016 and 2029, mainly due to the OTT push and widespread piracy.
Pay TV revenues for 20 MENA countries will drop by 43% between 2016 ($3.8 billion) and 2029 ($2.2 billion).
Pay TV revenues for the 13 Arabic-speaking countries will be $802 million by 2029; half of the $1,570 million recorded in 2016.
Excel workbook covering each year from 2015 to 2029 for 20 countries by household penetration, by pay TV subscribers, by pay TV revenues and by major operator.

Lakemore Partners Raise US$560 Million for Aquatine V, its Supermajority Control CLO Equity Fund

Retrieved on:

Thursday, February 8, 2024

Investment, CLO, Fund, MENA, Insurance, Security (finance)

DUBAI, UAE and PHOENIX, Feb. 8, 2024 /PRNewswire/ -- Global Investment firm, Lakemore Partners Ltd. ("Lakemore"), a leading private credit investment firm primarily investing in supermajority control collateralized loan obligation (CLO) equity, announced the final close of its Aquatine V Fund at US$560 million.

Key Points:

DUBAI, UAE and PHOENIX, Feb. 8, 2024 /PRNewswire/ -- Global Investment firm, Lakemore Partners Ltd. ("Lakemore"), a leading private credit investment firm primarily investing in supermajority control collateralized loan obligation (CLO) equity, announced the final close of its Aquatine V Fund at US$560 million.
The Aquatine V raise exceeds the US$400 million Aquatine IV Fund by 40%.
Commenting on Lakemore's raise, Ahmed Farid, Chairman & CEO of Lakemore, said: "Our Aquatine V fundraising success reaffirms the trust investors place in our strategy and team, and solidifies our status as a leader in supermajority CLO equity investments.
Aquatine V is Lakemore's fifth Aquatine platform fund which invests in supermajority control equity positions of US CLOs.

Lakemore Partners Raise US$560 Million for Aquatine V, its Supermajority Control CLO Equity Fund

Retrieved on:

Thursday, February 8, 2024

Investment, CLO, Fund, MENA, Insurance, Security (finance)

DUBAI, UAE and PHOENIX, Feb. 8, 2024 /PRNewswire/ -- Global Investment firm, Lakemore Partners Ltd. ("Lakemore"), a leading private credit investment firm primarily investing in supermajority control collateralized loan obligation (CLO) equity, announced the final close of its Aquatine V Fund at US$560 million.

Key Points:

DUBAI, UAE and PHOENIX, Feb. 8, 2024 /PRNewswire/ -- Global Investment firm, Lakemore Partners Ltd. ("Lakemore"), a leading private credit investment firm primarily investing in supermajority control collateralized loan obligation (CLO) equity, announced the final close of its Aquatine V Fund at US$560 million.
The Aquatine V raise exceeds the US$400 million Aquatine IV Fund by 40%.
Commenting on Lakemore's raise, Ahmed Farid, Chairman & CEO of Lakemore, said: "Our Aquatine V fundraising success reaffirms the trust investors place in our strategy and team, and solidifies our status as a leader in supermajority CLO equity investments.
Aquatine V is Lakemore's fifth Aquatine platform fund which invests in supermajority control equity positions of US CLOs.

Mattel Television Studios’ Barbie and Stacie to the Rescue to Debut March 14 on Netflix

Retrieved on:

Tuesday, February 6, 2024

Mattel, Inc. (NASDAQ: MAT) announced today that Barbie, Stacie and friends are returning for an all-new journey in Barbie and Stacie to the Rescue.

Key Points:

Mattel, Inc. (NASDAQ: MAT) announced today that Barbie, Stacie and friends are returning for an all-new journey in Barbie and Stacie to the Rescue.
Coming to Netflix March 14, the hour-long special will follow Barbie’s middle sister, Stacie, as she quickly comes to the rescue of Barbie and Skipper.
Barbie and Stacie to the Rescue marks the first time Stacie plays a lead role in Barbie content and includes five new original songs, new friends, and more puppies than ever.
View the full release here: https://www.businesswire.com/news/home/20240206197691/en/
Key art for Barbie and Stacie to the Rescue (Photo: Business Wire)
In Barbie and Stacie to the Rescue, audiences will soar to new heights with Barbie and Stacie as they embark on the adventure of a lifetime.

Middle East and North Africa Pay TV Forecast Report 2024: Thirteen of the 20 Countries will Lose Revenues Between 2023 and 2029

Retrieved on:

Tuesday, February 6, 2024

OTT, MENA, PDF, Cable television

DUBLIN, Feb. 6, 2024 /PRNewswire/ -- The "Middle East and North Africa Pay TV Forecasts" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Feb. 6, 2024 /PRNewswire/ -- The "Middle East and North Africa Pay TV Forecasts" report has been added to ResearchAndMarkets.com's offering.
Pay TV revenues for 20 MENA countries will drop by 43% between 2016 ($3.8 billion) and 2029 ($2.2 billion).
Pay TV revenues for the 13 Arabic-speaking countries will be $802 million by 2029; half of the $1,570 million recorded in 2016.
Excel workbook covering each year from 2015 to 2029 for 20 countries by household penetration, by pay TV subscribers, by pay TV revenues and by major operator.

Landmark Group Transforms Ecomm Fulfilment Centre in Kuwait with Innovative Automation Solution from Addverb

Retrieved on:

Monday, February 5, 2024

Partnership, MENA, Landmark Group, GCC, Automation, Trust, CITY

KUWAIT CITY, Kuwait, Feb. 5, 2024 /PRNewswire/ -- Landmark Group, a leading retail and ecommerce conglomerate in the GCC, has entered into a strategic partnership with Addverb , a global leader in robotic and automation solutions, to modernise its Fulfilment centre in Kuwait.

Key Points:

KUWAIT CITY, Kuwait, Feb. 5, 2024 /PRNewswire/ -- Landmark Group, a leading retail and ecommerce conglomerate in the GCC, has entered into a strategic partnership with Addverb , a global leader in robotic and automation solutions, to modernise its Fulfilment centre in Kuwait.
The fulfilment centre now features an innovative automation solution, including a fleet of Zippy, Addverb's robotic sorters, with a system throughput of up to 1,000 sorts per hour.
Addverb takes pride in contributing to Landmark Group's vision for a future-ready fulfilment centre.
We are happy to collaborate with Addverb to elevate our Kuwait fulfilment centre operations," said Pawan Kaura, Head Ecommerce Operations, Landmark Group.