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FINANCE & ECONOMY

Deliveroo’s food parcels hit European roadblocks
August 15, 2019

LONDON: Striking French couriers. Spanish court setbacks. The white flag of surrender raised over Germany.

British food delivery company Deliveroo — its boxy lime-blue bags a welcome sight for legions of office workers across London — is hitting sudden bumps along other European roads.

The rough times"...

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Madinah gears up to receive more than 800,000 pilgrims
August 15, 2019

MADINAH — Pilgrims began arriving in Madinah early Wednesday to pay homage to Prophet Muhammad (peace be upon him) and pray in his mosque after completing their Haj rites in Makkah and the holy sites.

Jordanians were the first of the 800,000 pilgrims to arrive in the Prophet's city and will be the first to leave.

The city has all geared up to receive the visiting pilgrims and provide them with consummate services that will make"...

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Network International revenues rise as it picks up new Saudi contracts
August 15, 2019

LONDON: Network International, the UAE-based payments provider, reported strong Middle East revenues helped by a better than expected performance in Saudi Arabia.
The company, which listed its shares on the London Stock Exchange in April, said overall revenues grew 12.4 percent to $152.35 million in the six months ending June 30 compared to the year earlier period.
“The group sees opportunities for acceleration through deeper geographic penetration"...

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BCW and Legendary Entertainment Firm BWR Launch New Suite of Entertainment Offerings
August 15, 2019

BCW (Burson Cohn & Wolfe), a leading global communications agency, today announced the introduction of BCW Entertainment, a new suite of entertainment offerings designed to move people and build brands through pop culture. BCW Entertainment is powered by Beverly Hills-based BWR, a leading entertainment firm and member of BCW Group that has honed its expertise over the past four decades.

“In"...

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Energy Vault Closes Series B Funding With $110 Million Investment From Softbank Vision Fund
August 15, 2019

Energy Vault, the creator of renewable energy storage products that are transforming the world’s approach to long duration, utility-scale energy storage, today announced it has completed a $110 million Series B funding round. The investment for the round was made by SoftBank Vision Fund (Vision Fund) in its first investment in energy storage technology. Energy Vault will use the funds to accelerate global deployment of its technology, which – for the first time – enables renewables to deliver baseload power for less than the cost of fossil fuels 24 hours a day. As part of the investment, Andreas Hansson, Partner for SoftBank Investment Advisers, will join the Energy Vault board of directors. Renewables have struggled historically to fully replace fossil fuel power as a result of production......

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India's passenger vehicle sales drop at steepest pace in nearly two decades
August 14, 2019

NEW DELHI - India's domestic passenger vehicle sales in July dived at the steepest pace in nearly two decades, an auto industry body said on Tuesday, as a financing crunch deepened a crisis in the country's autos sector and triggered large-scale job losses.

Sales of passenger vehicles to car dealers plunged 30.9% to 200,790 in July, the ninth straight month of declines, data released by the Society of Indian Automobile Manufacturers (SIAM) showed....

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Naya Pakistan and Saudi Vision 2030 work in perfect harmony
August 14, 2019

The visit to Pakistan by Saudi Crown Prince Mohammed bin Salman in February this year, during which he described himself as “the ambassador of Pakistan in Saudi Arabia,” not only won the hearts of Pakistanis but also reflected his desire to take the relationship between the nations to a new level.

Prime Minister Imran Khan’s vision for transforming Pakistan, inspired by"...

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The We Company Files Registration Statement for Proposed Initial Public Offering
August 14, 2019

The We Company announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (“SEC”) relating to an initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

J.P. Morgan, Goldman Sachs & Co. LLC, BofA Merrill Lynch, Barclays,"...

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Project Management Institute Surpasses Pledge Goal, Celebrates 100,000 Global Volunteer Hours Donated in Honor of 50th Anniversary
August 14, 2019

Project Management Institute (PMI) is proud to announce it has doubled its original pledge goal and its stakeholders have pledged to contribute 100,000 volunteer hours to advance causes aligned with the UN’s Sustainable Development Goals (SDGs).As part of the organization’s year-long Global Celebration of Service, professionals from around the globe are contributing their project management expertise to enable local organizations and strengthen their communities. PMI’s pledge goal for its 50th Anniversary and Global Celebration of Service is part of an overall expansion of the association’s Made Possible campaign harnessing the passion of project professionals around the world to drive social change. Initially launched in the fall of 2018, Made Possible is focused on engaging......

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Andersen Global Grows Austria Team
August 14, 2019

Andersen Global has signed a Collaboration Agreement with one of the largest independent tax groups in Austria, the Viennese tax firm G&W International Steuerberatungs- und Wirtschaftstreuhand GmbH, bringing the number of professional experts in the country to about 140.

G&W International was founded in 1994 and now has 40 professionals advising clients in tax advice, accounting"...

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