Zynga Inc, a global leader in interactive entertainment, announced that it has acquired Echtra Games, a cross-platform game studio composed of a development team whose core members have previously shaped the world of action role-playing games through their work on genre-defining titles including Diablo, Diablo II, the Torchlight franchise and more.The Echtra Games team strengthens Zynga’s cross-platform play future by adding talented developers with extensive cross-platform play experience as well as proprietary cross-platform development tools and technologies that have been built on top of the Unreal Engine. Specifically, the Echtra Games team will be developing a new, yet to be…
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Fawaz Abdulaziz Alhokair Co., the leading franchise retailer in Saudi Arabia, and Arabian Centres Company, the leading owner, developer and operator of lifestyle shopping centers in Saudi Arabia, have announced that they will acquire a combined 51per cent stake in Vogacloset, a UK-based online fast fashion platform offering over 400 brands in the latest women’s, men’s and kids’ trends to fashion enthusiasts in the Middle East. The buyers will acquire 41.2 per cent of Vogacloset’s existing shares based on a pre-money valuation of USD 60 million, subject to an earn-out structure conditional on certain growth thresholds. In addition, USD 12…
Hyatt Hotels Corporation announced the global growth of its independent collection brands, including recent openings and development plans through 2025 across The Unbound Collection by Hyatt, Destination by Hyatt and JdV by Hyatt brands. This growth reinforces Hyatt’s focus on continuing to immerse guests, members and customers into cultures and destinations that matter most to them.Hyatt’s independent collection brands encompass diverse properties, each true to its destination and offering the modern traveler enriching experiences in new and exciting ways. Whether it’s a luxury hotel in The Unbound Collection by Hyatt brand with a rich history, a boutique JdV by Hyatt…
Driven by the belief that the kitchen is the original lab, where culinary science and personal expression fuel confidence and creativity in all makers, Betty Crocker introduces the BettyLab. Through this platform, Betty Crocker, along with a number of innovative partners, will offer resources, ideas and inspiration for people to learn and explore in their own kitchens. For its first initiative, Betty Crocker is partnering with Barbie and the brand’s Dream Gap Project initiative, another cultural icon that shares a commitment to helping children reach for the stars.By age 5, many girls stop believing they can be anything they want…
Indian Motorcycle, America’s first motorcycle company, unveiled the latest in its Elite lineup of ultra-premium, limited edition motorcycles with the 2021 Chieftain Elite. Combining unmatched power with bold, custom-inspired styling, the 2021 Chieftain Elite was designed for riders who demand the best of the best and want to stand out from the crowd. Its limited run of only 120 worldwide make it Indian Motorcycle’s most exclusive Elite model yet.Starting at $34,999, the Chieftain Elite’s premium two-tone Thunder Black Vivid Crystal over Carbon Crystal paint delivers a custom-inspired aesthetic. Premium finishes, such as the Thunderstroke 116’s Slate Smoke finish and color-matched…
FedEx Corp, one of the world’s largest cargo airline, announced an ambitious goal to achieve carbon-neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy, and carbon sequestration.This includes a pledge of $100 million to Yale University to help establish the Yale Center for Natural Carbon Capture, accelerating research into methods of carbon sequestration at scale, with an initial focus on helping to offset greenhouse gas emissions equivalent to current airline emissions.By 2040, the entire FedEx parcel pickup and delivery (PUD) fleet…
Global technology brand, OPPO, will launch the all-new Reno5 Series in the Middle East and Africa (MEA) shortly. The company’s first ‘all-5G’ launch includes three variants – Reno5 Pro 5G, Reno5 5G and Reno5 Z 5G – that both boast the ultra-fast speed and power of 5G.True to its 2021 theme ‘Technology for mankind, kindness for the world’, OPPO believes that 5G will empower humanity to live fully connected lives and reap the full benefits of a technology-powered world. The grand launch of the Reno5 series in MEA, themed ‘Featuring You’, will take place on Tuesday 16 March 2021, hosted…
The cement market in Saudi Arabia is set to grow by 1.66 million tons during 2020-2024. Technavio segments the cement market by application (residential and commercial) and region (Central, Western, Southern, and Eastern). The report identifies the launch of Saudi Vision 2030 as one of the major factors propelling the market growth. In 2016, Saudi Arabia announced Vision 2030, a blueprint for the country’s long-term development goals. The plan is focused on the development of various sectors including religious tourism, healthcare, and real estate, retail, and smart cities. Vision 2030 is expected to reduce the country’s dependency on oil reserves…
DP World, the leading provider of smart supply chain logistics, alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today signed a long-term agreement with Indonesia’s leading conglomerate Maspion Group to start the construction of an international container port and industrial logistics park in Gresik. Work on the projects is expected to begin in the third quarter of 2021, with a total investment of up to USD 1.2 billion, enhancing East Java’s position as a key trade gateway for Indonesia.The signing ceremony was held in the presence of the Coordinating Minister for Maritime and…
Ideanomics has acquired 20 per cent of Italian Energica Motor Company S.p.A. for the value of $13.2 million. Energica develops high performance 100 per cent battery-powered motorbikes. With this investment in Energica, Ideanomics expands its global footprint in the electric vehicle (EV) industry, and complements Treeletrik’s business in the ASEAN market. This investment marks continued investment in European-based OEM.Energica has combined zero emissions EV technology with high-performance engineering synonymous with Italy’s Motor Valley to create a range of exceptional products for the motorcycle market. It also has proprietary EV battery and DC fast-charging systems that have applications and synergies with…