BAHRAIN | Jotup

Aramco to acquire a 40% stake in Gas & Oil Pakistan

Retrieved on:

Tuesday, December 12, 2023

Marketing, Pakistanis, Lubricant, Valvoline, Acquisition, Retail, Saudi Aramco

DHAHRAN, Saudi Arabia, Dec. 12, 2023 /PRNewswire/ -- Aramco , one of the world's leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. ("GO").

Key Points:

DHAHRAN, Saudi Arabia, Dec. 12, 2023 /PRNewswire/ -- Aramco , one of the world's leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. ("GO").
GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan.
The planned acquisition is Aramco's first entry into the Pakistani fuels retail market, advancing the Company's strategy to strengthen its downstream value chain internationally.
GO has a significant storage capacity, high-quality assets and growth potential, which will help launch the Aramco brand in Pakistan."

Infortrend Celebrates 30 Years of Success, Growth, and Innovation in Enterprise Storage Solutions

Retrieved on:

Tuesday, December 12, 2023

Media, NAS, Database, Infortrend, SAS, TWSE, High-performance Integrated Virtual Environment, Biophysical environment, Supercomputer, Deepchill Technologies Inc., ESG

TAIPEI, Dec. 12, 2023 /PRNewswire/ -- Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, is celebrating its 30th anniversary of successfully delivering high-performance, reliable, scalable, and environmentally responsible data storage solutions to enterprises across the globe.

Key Points:

TAIPEI, Dec. 12, 2023 /PRNewswire/ -- Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, is celebrating its 30th anniversary of successfully delivering high-performance, reliable, scalable, and environmentally responsible data storage solutions to enterprises across the globe.
Since its founding in 1993, Infortrend has been developing and manufacturing enterprise storage solutions designed to empower businesses of all sizes to transform how they operate, innovate, and compete.
The company provides a range of high-performance, reliable, and easy-to-use storage families, including EonStor GS scale-out unified storage, EonStor DS SAN solution, and EonStor CS scale-out NAS.
Our storage solutions find extensive use in the Media and Entertainment industry, High Performance Computing, backup, virtualization, and database applications.

Driving the future: GAC MOTOR heats up demand in the Middle East

Retrieved on:

Tuesday, December 12, 2023

Attention, GS3, GAC Motor, GAC, Growth, Aion Hyper GT, Nightclub

With an impressive turnout of approximately 100 attendees, the event provided another boost for local demand of some of GAC MOTOR's models.

Key Points:

With an impressive turnout of approximately 100 attendees, the event provided another boost for local demand of some of GAC MOTOR's models.
GAC MOTOR has effectively highlighted its product strength to customers during this event, and concurrently, it is consistently refining its product lineup in the Middle East market.
Salem Al-Dawsari, the renowned football star and brand ambassador for GAC MOTOR Saudi Arabia, graced the event with his presence.
Both events form an important part of the brand's targeted growth in the Middle East, which is foundational to the Group's overall international growth strategy, bringing the future of driving to the world.

Huawei joins Green Digital Action at COP28

Retrieved on:

Tuesday, December 12, 2023

DUBAI, UAE, Dec. 12, 2023 /PRNewswire/ -- Huawei has joined hands with more than 40 leading tech companies and organizations to push for Green Digital Action (GDA) at the 28th Conference of the Parties to the United Nations Climate Change Agreement (COP28), hosted by the UAE.

Key Points:

DUBAI, UAE, Dec. 12, 2023 /PRNewswire/ -- Huawei has joined hands with more than 40 leading tech companies and organizations to push for Green Digital Action (GDA) at the 28th Conference of the Parties to the United Nations Climate Change Agreement (COP28), hosted by the UAE.
Huawei pilots the GDA pillar on green standards, which represents an effort to bring sustainability to the forefront of digital practices.
"The digital technology sector is giving us reason for hope with their clear commitments on climate action," said Tomas Lamanauskas, ITU Deputy Secretary-General and convener of GDA.
Huawei was involved in five separate GDA events that showcased tech industry commitments and accelerate action.

Huawei joins Green Digital Action at COP28

Retrieved on:

Tuesday, December 12, 2023

DUBAI, UAE, Dec. 12, 2023 /PRNewswire/ -- Huawei has joined hands with more than 40 leading tech companies and organizations to push for Green Digital Action (GDA) at the 28th Conference of the Parties to the United Nations Climate Change Agreement (COP28), hosted by the UAE.

Key Points:

DUBAI, UAE, Dec. 12, 2023 /PRNewswire/ -- Huawei has joined hands with more than 40 leading tech companies and organizations to push for Green Digital Action (GDA) at the 28th Conference of the Parties to the United Nations Climate Change Agreement (COP28), hosted by the UAE.
Huawei pilots the GDA pillar on green standards, which represents an effort to bring sustainability to the forefront of digital practices.
"The digital technology sector is giving us reason for hope with their clear commitments on climate action," said Tomas Lamanauskas, ITU Deputy Secretary-General and convener of GDA.
Huawei was involved in five separate GDA events that showcased tech industry commitments and accelerate action.

Accor to open a bold array of new hotels in 2024

Retrieved on:

Tuesday, December 12, 2023

Travelers of all ambitions, aesthetics, and demographics are sure to find a fascinating new place to visit in 2024.

Key Points:

Travelers of all ambitions, aesthetics, and demographics are sure to find a fascinating new place to visit in 2024.
The following is a glimpse into what Accor has in store for 2024.
In 2024, the building will open its doors as a four-star hotel overlooking the picturesque city and its rooftops.
Families and friend groups will adore the hotel's dynamic environment, paying only for what is convenient for them to consume.

Chinese Reality Show "Divas Hit the Road" Invites Viewers to Experience the Charm of Silk Road, Serving as a Portal for International Cultural Exchanges

Retrieved on:

Tuesday, December 12, 2023

Belt, Show, Love, Language, European, Silk Road, Divas Hit the Road, Pelješac Bridge, Internet, BRI, Hunan Television, Mango TV, Travel, Tourism, ETL Group

The popular program has played a positive role in global cultural exchanges, opening a vivid cultural window for China and countries communicating along the BRI.

Key Points:

The popular program has played a positive role in global cultural exchanges, opening a vivid cultural window for China and countries communicating along the BRI.
For instance, Croatian locals exchanged gifts with Chinese guests and shared stories about the transformative impact of a Chinese-led bridge construction.
With its focus on fostering international friendships, the Show aims to promote cultural exchanges.
The stunning dance captivated international audiences, who were mesmerized by traditional Chinese ethnic costumes, deeply immersing themselves in the allure of Chinese cultural charm.

Over 150 Global Humanitarian, Business and Political Leaders Demand Freedom of "Armenian Prisoners"

Retrieved on:

Tuesday, December 12, 2023

BRUSSELS, Dec. 12, 2023 /PRNewswire/ -- Nobel Prize laureates, business leaders, former heads of state, and humanitarians are among the more than 100 global figures who have signed a letter calling for the immediate and unconditional release of the "Armenian Prisoners," which includes eight Armenian political prisoners, who are former leaders of Nagorno-Karabakh's government illegally detained following Azerbaijan's invasion and seizure of the region in September. More than a dozen other prisoners of war arrested during the conflict also remain in custody.

Key Points:

The collective plea echoes growing concerns over conditions and treatment of these imprisoned individuals, including prominent Armenian businessman and humanitarian, Ruben Vardanyan.
While the December 7th release of 32 Armenian prisoners of war is a welcome first step, all of the others must be released.
The failure of Baku to release the remaining eight political prisoners raises deep concerns over the motives by the Aliyev regime of their continued detention.
Their unified plea serves as a powerful reminder that global political leaders are closely monitoring developments in Azerbaijan and calling for the release of the detainees.

Motive Partners Acquires Control Stake In Splitit

Retrieved on:

Tuesday, December 12, 2023

ASX, Growth, Cayman Islands, Commerce, Management, Motive

Motive's US$50 million commitment is comprised of two US$25 million tranches in exchange for the issuance of new preference shares.

Key Points:

Motive's US$50 million commitment is comprised of two US$25 million tranches in exchange for the issuance of new preference shares.
The second US$25 million tranche will be invested upon Splitit achieving certain 2023 full-year financial performance milestones (which Splitit is currently exceeding)1 and the satisfaction of certain other closing conditions.
As a world-class private equity sponsor with significant capital, extensive payments expertise, value-additive capabilities, and deep industry relationships, Motive is the ideal partner to support Splitit in creating long-term value."
Jeff Yabuki, Chairman and Founding Partner at Motive Partners, commented, "We are thrilled to become a strategic investor in Splitit.

Over 150 Global Humanitarian, Business and Political Leaders Demand Freedom of "Armenian Prisoners"

Retrieved on:

Tuesday, December 12, 2023

BRUSSELS, Dec. 12, 2023 /PRNewswire/ -- Nobel Prize laureates, business leaders, former heads of state, and humanitarians are among the more than 100 global figures who have signed a letter calling for the immediate and unconditional release of the "Armenian Prisoners," which includes eight Armenian political prisoners, who are former leaders of Nagorno-Karabakh's government illegally detained following Azerbaijan's invasion and seizure of the region in September. More than a dozen other prisoners of war arrested during the conflict also remain in custody.

Key Points:

The collective plea echoes growing concerns over conditions and treatment of these imprisoned individuals, including prominent Armenian businessman and humanitarian, Ruben Vardanyan.
While the December 7th release of 32 Armenian prisoners of war is a welcome first step, all of the others must be released.
The failure of Baku to release the remaining eight political prisoners raises deep concerns over the motives by the Aliyev regime of their continued detention.
Their unified plea serves as a powerful reminder that global political leaders are closely monitoring developments in Azerbaijan and calling for the release of the detainees.