Latest news with #SPA
Zawya
10 hours ago
- Business
- Zawya
Cluster2, Airbus to advance smart airport operations in Saudi Arabia
Saudi Arabia - Cluster2 Airports Company has signed a memorandum of understanding (MoU) with Airbus during the 2025 Paris Air Show, which aims to introduce advanced smart technologies led by the Airbus Agnet Turnaround platform—an innovative solution designed to enable real-time coordination of airport field operations, reported SPA. By adopting this platform, Cluster2 seeks to streamline workflows, boost operational efficiency, and enhance passenger experience across its network of 22 international and domestic airports. The MoU also supports broader goals of raising operational standards and enabling seamless collaboration among ground teams, security personnel, and control room operators. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
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Business Standard
21 hours ago
- Business
- Business Standard
Diageo India to acquire majority stake in NAO Spirits for ₹130 cr
Diageo India (United Spirits) on Thursday announced that it is acquiring a controlling stake in NAO Spirits at an enterprise value of ₹130 crore ($15.2 million), resulting in NAO Spirits becoming a subsidiary of the company, it said in a release. United Spirits will first purchase 37,683 equity shares of NAO from its existing shareholders, in two tranches, for an aggregate consideration of approximately ₹53.80 crore, according to a stock exchange filing. It will then subscribe afresh to 31,820 equity shares and 27,577 compulsorily convertible preference shares (CCPS) of NAO for a total consideration of approximately ₹56 crore. 'Upon successful completion of both the acquisition of shares in the first tranche under the SPA (share purchase agreement) and the fresh subscription (which will occur simultaneously), the company will hold shares constituting approximately 97.07 per cent of the paid-up share capital of NAO, resulting in NAO becoming a subsidiary of the company,' United Spirits said in its exchange filing. The company also said that the board of directors, in its meeting on Thursday, has authorised a further investment of up to ₹20 crore in NAO by way of subscription to CCPS and equity shares, in one or more tranches, to fund the working capital and other requirements of NAO from time to time. Praveen Someshwar, managing director and chief executive officer, Diageo India (United Spirits), said in the release: 'Ventures, Diageo India's investment arm, is dedicated to strengthening our portfolio by investing in disruptive alco-bev start-ups. This allows us to offer consumers a wider array of products that resonate with evolving preferences. The acquisition of NAO Spirits, a promising portfolio company within our Ventures arm, represents a pivotal step in exploring future growth opportunities in Indian craft spirits.' Someshwar added that the company believes it is the right time to scale up NAO Spirits using Diageo's expertise, unlocking new avenues for distribution and production. He further said that over the past few years, India has seen the emergence of multiple craft gin players, and NAO Spirits has become a leader in the category. 'As consumers shift towards experimentation, repertoire, and casual drinking occasions, demand for local yet authentic, craft-oriented brands is on the rise. NAO Spirits' brands are well placed to cater to these evolving trends. Diageo India already has leading international gin brands such as Tanqueray in its portfolio,' he said.
The Star
2 days ago
- Sport
- The Star
First pickleball instructor course held in Sibu
Choo (holding paddle) conducting the instructor course, which he says will help build a stronger pickleball coaching community in the region. Malaysia Pickleball Association (MPA) conducted its first Central Zone Level 1 Certified Instructor course in Sibu, marking a milestone in the development of the sport in Sarawak. This initiative, hosted by Sibu Pickleball Association (SPA), drew 34 enthusiastic participants, including two delegates from Kuching and four from Sarikei. Presiding over the course at SMK Sacred Heart was MPA president Farrell Choo, who led the training and assessments. Choo said the programme not only served as a platform to enhance technical knowledge and coaching skills, but also as a strategic step towards building a stronger coaching community in Sabah and Sarawak. Participants who complete the course will be officially recognised as Level 1 Certified Instructors, enabling them to contribute to the sport's growth at grassroots and school levels. Expressing his gratitude, SPA president Joseph Chieng said, 'We are thankful to MPA for its unwavering support. 'Hosting this course in Sibu empowers our local players and educators to take on leadership roles within the sport.' Chieng said SPA aimed to continue collaborating with national and state-level bodies to organise further professional development programmes and tournaments, positioning Sibu as an emerging hub for pickleball activities in Sarawak. Meanwhile, some 200 to 300 participants from across Peninsular Malaysia and Borneo are expected to take part in Borneo Pickleball Workshop and Forum on Aug 27 and 28 in Sibu. The inaugural event will be organised by iPlay Swan Squad Pickleball Club (iPSS) with full backing from Business Events Sarawak, which aims to promote the development of pickleball in Borneo, especially in Sarawak. iPSS president Dr Wong Chya Wei said the forum represented a vital step towards building a stronger and more structured pickleball community in the region. 'This is more than just a forum. It's a movement to raise the profile of pickleball. 'We anticipate coaches, educators, club organisers and the public joining in,' he said at a press conference. Dr Wong said one of the event highlights would be a dialogue session featuring representatives from Sarawak Sports Council, MPA and pickleball court operators. Other activities on the agenda include specialist talks on flooring, seminars on sports injuries and rehabilitation, as well as cardiopulmonary resuscitation (CPR) and automated external defibrillator (AED) workshops, which will be offered free to the public. There will also be a referee workshop for those interested in becoming officials or line judges, besides an exhibition area focusing on pickleball gear, court construction solutions, booking systems, and sporting equipment. 'Junior players will showcase a match on a specially prepared court set up within a hotel ballroom – the first of its kind in Malaysia. 'We invite people from all backgrounds to join us, especially those with experience in racquet sports like tennis, badminton, table tennis and squash, as transitioning to pickleball is straightforward and enjoyable. 'As an extra incentive, the first 100 registrants will be treated to a complimentary sunset river cruise on Aug 27,' he added.
Asharq Al-Awsat
3 days ago
- General
- Asharq Al-Awsat
Madinah Expands Green Cover with Over 230,000 Trees Planted in 2024
In 2024, a total of 237,942 trees were planted in Madinah as part of ongoing efforts to combat desertification, improve vegetation cover, and promote environmental sustainability. According to SPA, Madinah Municipality noted that the increase in tree planting supports its broader goals of enhancing the city's urban landscape and visual identity across streets, neighborhoods, and public spaces, as well as expanding green areas along pedestrian pathways and within public facilities. The municipality emphasized its ongoing commitment to creating an ideal urban environment that enhances the quality of life for residents and visitors alike.
Barnama
3 days ago
- Business
- Barnama
PETRONAS And Commonwealth LNG Sign 20-Year Agreement For Sustainable LNG Supply
KUALA LUMPUR, June 17 (Bernama) -- PETRONAS through its subsidiary PETRONAS LNG Ltd. has entered a Liquefied Natural Gas (LNG) Sale and Purchase Agreement with Commonwealth LNG, LLC (Commonwealth LNG) marking a key milestone in its strategy to diversify its LNG portfolio through long-term supply from the United States. Under the SPA, PETRONAS is purchasing one million tonnes per annum (MTPA) LNG from Commonwealth LNG for a period of 20 years from Commonwealth's 9.5 mtpa facility currently under development in Cameron, Louisiana.
