RPM-owned Prometheus Medical expands in Norway with new Oslo office
With the new office, along with its existing Stavanger base, RPM – which acquired PMI in 2024, will fast-track its expansion in the Nordic region as part of plans to grow its global footprint. PMI is one of the world's leading providers of pre-hospital emergency medical training.
Steven Wines, Chief Executive Officer of PMI, commented: 'Prometheus Medical International is excited with the growth opportunities on offer in Norway. Our new office in Oslo expands our global reach and our ability to protect lives and organisations, backed by our proven medical solutions and a wonderful team. This is part of our global expansion roadmap, and we aim to move confidently towards new milestones.'
Led by two eminent emergency medical experts, Morten Bakkerud and Bjørn-Tore Løvtangen, the new Oslo office will grow Prometheus' capabilities to deliver Emergency Medical Training and Risk Reduction Consultancy in the region and contribute to saving lives and protecting organisations.
The Norway office will cover a wide array of sectors, including defence, healthcare, hospitals, energy, wind energy, and engineering, with clients such as the Norwegian Armed Forces, Jotun, Würth, PostNord, NRK, Norwegian Air Shuttle and Onninen.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Middle East Eye
4 days ago
- Middle East Eye
Norway's wealth fund to announce measures on Israeli investments next week
Norway's $2 trillion sovereign wealth fund will next week announce changes to how it handles its Israeli investments, Finance Minister Jens Stoltenberg said on Friday, ruling out any blanket withdrawal over Israel's war on Gaza. The government on Tuesday said that it had launched an urgent review of the fund's investments over ethical concerns linked to the war on Gaza and the Israeli occupation of the West Bank. "I see several measures over time, but what can be addressed quickly, must be done quickly," Stoltenberg told a press conference after holding his second meeting with fund officials in three days. He did not specify what the measures might involve, but said there would not be a wholesale divestment from all Israeli companies. "If we did that, it would mean we are divesting from them because they are Israeli," he said. The review followed local news reports that the fund had built a stake in Israeli jet engine manufacturer Bet Shemesh Engines Ltd (BSEL), which provides services to Israel's armed forces, including the maintenance of fighter jets. The revelation has sparked political debate in the Nordic country ahead of elections on 8 September.
Arabian Post
7 days ago
- Arabian Post
UAE's Non-Oil Sector Faces Continued Slowdown in July
Arabian Post Staff -Dubai Geopolitical uncertainties and escalating regional tensions have continued to dampen growth in the UAE's non-oil sector, with July's Purchasing Managers' Index marking its lowest point in four years. The S&P Global UAE PMI dropped to 52.9 from 53.5 in June, highlighting a slower pace of expansion in the country's non-oil business activity. The decline indicates that the rate of growth has weakened, falling below the long-term trend observed in past months. The report, based on a survey of businesses across the UAE, signalled the weakest growth in the non-oil sector since June 2021. It outlined several key factors contributing to the slowdown, most notably the lingering geopolitical uncertainties affecting both domestic and regional market conditions. Sales, in particular, have been impacted, with companies facing challenges in securing new business. The survey revealed that a cautious approach was being adopted by clients, with many hesitant to commit to new expenditures due to the prevailing uncertain environment. ADVERTISEMENT The survey found that new business growth had slowed further, with firms reporting reduced client demand across various sectors. This has led to a decline in both hiring and purchasing activity, further underscoring the strained business conditions. Companies appear more reluctant to invest in workforce expansion or in the procurement of goods and services. Despite these setbacks, there was a notable increase in output levels, as firms worked to manage their backlogs of work. To ensure that delivery times were met and customer satisfaction remained high, businesses opted to accelerate their production. This uptick in output was a response to the mounting pressures caused by increased demand from existing orders, with firms aiming to prevent a further buildup of work left unfinished. According to the PMI report, the services sector, a key pillar of the non-oil economy, showed signs of stagnation in growth. This is in contrast to other periods of relative expansion, where the sector had experienced more robust gains. The impact of external factors, such as regional tensions and fluctuating demand, has been particularly noticeable in the services sub-sector, which includes industries like hospitality, tourism, and business services. Notably, the survey's findings also revealed that UAE businesses were still grappling with a cautious economic outlook. Many are navigating the ongoing challenges posed by global economic conditions, including inflationary pressures and supply chain disruptions. While some sectors have managed to adapt, the overall sentiment among businesses remains one of caution. Another contributing factor to the sector's struggle has been the steady rise in costs. With inflationary pressures mounting, firms have faced higher input costs, which they have had to balance against the slower growth in demand. Despite these challenges, many companies are opting to absorb the additional costs to maintain competitive pricing in the marketplace, though the sustainability of this approach is under scrutiny as conditions persist. While the non-oil sector's growth has been muted, there have been some positive indicators in the form of continued investment in infrastructure projects and the government's commitment to diversifying the economy. The UAE's Vision 2030, which focuses on reducing dependence on oil revenues, remains a long-term blueprint for economic transformation. However, the road ahead appears uncertain, with regional tensions and external pressures acting as major headwinds to the UAE's ambitious goals. In terms of employment, the outlook is mixed. While there has been a decline in hiring across some sectors, others continue to experience demand for skilled workers, particularly in industries aligned with the country's long-term economic diversification plans. However, businesses have also been cautious in their hiring practices, mindful of the fluctuating economic environment and the potential for further uncertainties in the coming months.
Zawya
7 days ago
- Zawya
Kuwait PMI rises to 53.5 in July, signaling an improved business environment
KUWAIT CITY: The Purchasing Managers' Index (PMI) for Kuwait rose to 53.5 in July, up from 53.1 in June, marking a notable improvement in the non-oil private sector's performance. This increase reflects strengthened business conditions and continued expansion for the 11th consecutive month, according to the latest data released by S&P Global Ratings on Tuesday. The PMI, a composite indicator tracking the performance of Kuwait's non-oil private sector, showed that the sector has remained firmly in growth territory throughout July. The improvement was driven by a sharp acceleration in new orders, which helped extend the expansion period that began in February 2023. The key driver of the recent PMI increase was a significant rise in new orders, signaling that demand for goods and services continues to grow. Despite the surge in new orders, employment levels remained steady, following a record high in the previous month. This stability in workforce numbers was largely attributed to companies' cautious approach to hiring, with some firms reluctant to take on additional staff due to cost concerns and efforts to complete ongoing projects on time. While new export orders saw growth, the pace of expansion slowed to a three-month low, with businesses attributing the increase to advertising efforts and price discounts. Inflationary pressures showed signs of easing at the beginning of the third quarter, which was welcomed by businesses. However, the increase in new orders led to a resurgence in backlogs, as companies struggled to meet demand while maintaining stable staffing levels. Despite the rise in backlogs, the pace of increase remained modest and the weakest observed since January. In response to heightened competition, many firms were forced to implement price cuts to secure new orders. These efforts helped to contain input costs and limit the extent to which higher costs were passed on to customers. Looking ahead, companies remained optimistic about future business prospects, with many expecting production to increase over the next year. However, confidence levels in the near term dipped to a three-month low, primarily due to the slow pace of hiring. Firms are focusing on diverse marketing strategies, including the use of digital channels, to maintain their competitive edge and support long-term growth. Andrew Harker, Director of Economics at S&P Global, commented on the survey results, stating that Kuwait's non-oil private sector began the second half of 2025 similarly to how it finished the first half, with strong growth in output and new orders. He highlighted that while employment remained largely unchanged, the sector's continued expansion is promising for future business growth. Harker also noted that companies were relieved by the easing of inflationary pressures but pointed out that hesitation to hire had led to an increase in backlogs of work. He expressed optimism that the ongoing growth in new business would eventually lead to a renewed hiring trend. The July PMI results for Kuwait's non-oil private sector reflect a period of sustained growth, driven by an increase in new orders and overall business activity. While inflationary pressures have eased, challenges remain in terms of staffing and managing backlogs. Looking forward, there is cautious optimism that the sector will continue to expand, with increased hiring expected in the coming months. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
