Category Archives: Business & Investments

Nimai Facilitates Impact Financing for Kadat Food and Beverages (SL) Limited in Sierra Leone with IFC

Nimai, a leading corporate finance and transaction advisory firm, has successfully facilitated a complex transaction between the International Finance Corporation (IFC) and Kadat Food and Beverages (SL) Limited.

This deal secures a loan for the Sierra Leonean soft drinks and fruit juices producer, enabling the company to boost productive capacity, create employment opportunities, and strengthen local agriculture value chains by sourcing more from local farmers. The loan is financed by IFC along with the Private Sector Window of GAFSP, the Global Agriculture Food and Security Program.

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تعاونية الاتحاد توقع اتفاقية مع مجموعة إيروس لإدارة ركن الإلكترونيات في فروعها

تعاونية الاتحاد توقع اتفاقية مع مجموعة EROS لإدارة ركن الإلكترونيات في فروعها

الإمارات العربية المتحدة، إمارة دبي:

وقعت تعاونية الاتحاد مذكرة تفاهم مع مجموعة EROS، الشركة المتخصصة في إدارة وتوريد وتجارة الأجهزة المنزلية والإلكترونية، لتعزيز التعاون بين الطرفين، وذلك في إطار الجهود الهادفة لتوسيع أعمالها وعرض وتوريد المنتجات الإلكترونية الحديثة وإدارة ركن الإلكترونيات في فروع التعاونية، وفق شروط محددة من قبل الجانبين.

ووقع الاتفاقية كل من محمد الهاشمي الرئيس التنفيذي لتعاونية الاتحاد، وأحمد يوسف بدري مدير مجموعة EROS، وذلك في مقر إدارة تعاونية الاتحاد في الورقاء سيتي مول، بحضور عدد من الرؤساء التنفيذيين لإدارات تعاونية الاتحاد وعدد من كبار مسؤولي المجموعة.

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IFFCO achieves new sustainability milestones and announces Climate Roadmap 2030 in second ESG report

  • Science-based targets set in line with SBTi guidance and submitted for validation
  • IFFCO achieved a 64% post-manufacturing waste recycling rate and a 13% reduction in water withdrawal intensity
  • IFFCO Sustained 100% traceability for palm oil to mills

Dubai, UAE – 26 August 2024: IFFCO Group, the leading FMCG multinational Company headquartered in the UAE, has announced the launch of its second ESG report, with milestones achieved across environmental, social and governance indicators, detailing its significant successes in sustainability throughout its operations and sourcing practices.

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INFINITY Group creates revolution by launching FINY Coin – the new ‘digital dollar’ – a futuristic payment ecosystem

FINY Coin, a new ‘digital dollar’ will change the way people make payments and digital transactions. Company officials urge everyone to embrace the new currency to be ahead of the curve.

Date: Dubai, UAE; August 28, 2024

News Highlights:

  1. FINY Coin, a global cryptocurrency has been launched in the UAE which aims to improve the payment landscape in future;
  1. The total crypto market capitalisation reached US$2.15 trillion in 2022 and the global revenue of cryptocurrency business is estimated to reach US$56.7 billion by the end of 2024;
  1. The supply of FINY COIN is 600 million which have been released.
  1. FINY Ecosystem comprises FINY Tech, FINY Travel, FINY Live Game, FINY Wallet, FINY Merchant, FINY Realty, FINY Card, FINY Coin, FINY Trade, FINY Crypto Bank, FINY NFT, FINY Crypto Academy.
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Swisslog to drive KSA’s logistics evolution with advanced automation solutions at Saudi Logistics Expo 2024

Riyadh, KSA, August 28 – Swisslog, the global leader in innovative robotic, data-driven, and flexible automated solutions, will be at the Saudi Logistics Expo 2024, taking place from September 2-4. This premier event is Saudi Arabia’s largest platform dedicated to supply chain, warehousing, and logistics, bringing together over 11,000 industry professionals and showcasing the latest in innovative technologies and solutions.

Swisslog will feature a dynamic demo of its cutting-edge solution, AutoStore, providing visitors with an opportunity to experience firsthand the efficiency and precision of automated storage and order processing. It integrates with existing infrastructures, effortlessly meeting the surging demand for rapid, precise, and reliable order fulfilment. As a leading global and regional logistics provider, Swisslog sets new standards in warehouse automation, keeping businesses competitive in the fast-evolving economy.

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