Latest news with #Norway-based
Yahoo
3 days ago
- Business
- Yahoo
SGX-Listed Mooreast Partners Norway's GeoProvider AS For Geotechnical Solutions for Floating Energy; Signs MoU With South Korea's KOCECO
SINGAPORE - July 15, 2025 (NEWMEDIAWIRE) - Mooreast Holdings Ltd. ("Mooreast" or the "Group") said today that it has partnered with Norway-based GeoProvider AS ("GeoProvider") to strengthen capabilities in offshore data analysis and enhance its value proposition to the floating offshore renewable energy market. Through their Framework Agreement, Mooreast will tap into GeoProvider's extensive geotechnical and geophysical database to accelerate data analysis and support larger, more complicated projects. Both parties will also collaborate on offshore wind projects as the floating renewable market transitions towards the commercialisation phase. SGX Catalist-listed Mooreast, a total mooring solutions specialist, has been offering geotechnical and geophysical studies, such as soil data analysis to determine project feasibility and engineering design for mooring configurations. The Group is also Asia's only ultra-high power anchor manufacturer. Headquartered in Stavanger, Norway, GeoProvider provides geophysical data and geotechnical services for global clients involved in offshore wind, energy exploration and carbon capture and storage. Its team of world-class specialists and cutting-edge technology offers consultancy, advisory, and engineering for subsurface projects. Mr Eirik Ellingsen, CEO of Mooreast, said, "The agreement with GeoProvider reflects our strategy to build strong partnerships that add value to our clients and increase our capability to take on larger and more complex projects. GeoProvider's strong track record complements our core competencies as a mooring specialist, allowing us to better meet the demands of the global offshore market." In line with these efforts, Mooreast also signed a Memorandum of Understanding ("MoU") with Korea Ocean Engineering & Consultants Co., Ltd. ("KOCECO") to promote joint business and technology collaboration in offshore mooring and seabed anchoring solutions. KOCECO, recognised by South Korea's Ministry of Trade, Industry and Energy, brings extensive experience in submarine cable laying and underwater engineering services. The MoU lays the groundwork for future cooperation in the rapidly developing floating offshore wind market in North Asia, where Mooreast seeks to play a pivotal role in addressing local supply chain gaps in mooring systems. "The two agreements will significantly strengthen Mooreast's global position and our commitment to our transformation to serve the renewable energy sector. Through these partnerships, we are now better equipped to deliver a comprehensive solution for the offshore sector," added Mr Ellingsen. This press release has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor"). This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release. The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 83 Clemenceau Avenue, #10- 01 UE Square, Singapore 239920, telephone (65) 6590 6881. Issued for and on behalf of Mooreast Holdings Ltd. by WeR1 Consultants Pte Ltd. About Mooreast Holdings Ltd. Mooreast is a total mooring solutions specialist, serving mainly the offshore renewable energy, offshore oil & gas ("O&G") and marine industries, with operations primarily in Singapore, the Netherlands through its wholly-owned subsidiary in Rotterdam Mooreast Europe, and offices based in Scotland, Taiwan and Malaysia. Mooreast's solutions include the design, engineering, fabrication, supply and logistics, installation and commissioning of mooring systems. Mooreast is applying its experience and expertise in mooring solutions to floating renewable energy projects, in particular floating offshore wind farms. It has successfully participated in developmental and prototype projects for floating offshore wind turbines in Japan and Europe. For more information, please visit Media & Investor Contact InformationWeR1 Consultants Pte Ltd1 Raffles Place #02-01One Raffles Place Mall Suite 411Singapore 048616Isaac Tang, mooreast@ (M: +65 9748 0688) View the original release on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Morocco World
3 days ago
- Business
- Morocco World
UM6P Builds Bridges with Moroccan Talents in Norway to Drive Collaborative Innovation
Rabat – A strategic dialogue between representatives from Mohammed VI Polytechnic University (UM6P) and Norway-based talents took place in Oslo on Monday. Supported by the Moroccan embassy in Norway, the event served as a bridge between Morocco's diaspora and UM6P, with the university seizing the event as a platform to share its vision as a key player in research and innovation in Africa, a statement from the Moroccan university said. During the event, UM6P held discussions with Moroccan professionals who are active in different sectors, including energy transition, information technology, healthcare, and other industry sectors identified as priorities for the country's development. 'These exchanges helped identify practical mechanisms to support professional integration, skills transfer, and the co-development of innovation projects,' UM6P said in a statement. The university also seeks to shed light on various collaboration opportunities available to the diaspora. Morocco's ambassador to Norway, Nabila Freidji, introduced 'Mor•way', an initiative dedicated to supporting Moroccan talents residing in Norway. The initiative is the first digital platform dedicated to supporting Moroccan professionals in Norway, highlighting the geographic diversity of Morocco's expertise abroad by creating strong professional networks capable of supporting impactful projects between Morocco and its diaspora. 'By organizing talents based on sectors and innovation fields, the 'Mor•way' platform offers a structured framework that goes beyond informal networking,' the statement said, noting that the initiative aims to 'foster high-impact projects in fields such as scientific research, engineering, entrepreneurship, and new technologies.' UM6P says it plays a dual role in the initiative by contributing its expertise in structuring innovation communities as well as serving as an institutional bridge, helping to integrate diaspora expertise into Morocco's national development strategies.
RTÉ News
3 days ago
- Business
- RTÉ News
Dalata Hotel Group agrees to €1.4 billion takeover deal
Scandinavian property companies Pandox and Eiendomsspar have agreed to buy Ireland's largest hotel group Dalata Hotel Group for €1.4 billion, the companies said today. Dalata shareholders will get €6.45 in cash per share, representing a premium of about 12% to the closing price on June 2 - the day before the Scandinavian hotel investors first disclosed their interest in the Irish company. Dalata had rejected an initial proposal in early June from Pandox and Eiendomsspar, valuing it at €1.3 billion, saying that the price undervalued the group. The latest offer, which has the backing of the board, concludes the Dublin-based company's strategic review that was launched in March to drive up shareholder returns. The cash offer of €6.45 per share also represents a 35.5% premium to the Dalata share price before the launch of its strategic review and formal sale process in March and a 49.7% premium to the 12 month volume-weighted average Dalata share price. Sweden-based Pandox will own 91.5% of the entity taking over Dalata, while Norway-based Eiendomsspar will own 8.5%, the companies said in a statement. Pandox's long-term operating partner, Scandic Hotels Group AB, will become an operating partner for the existing Dalata portfolio, they added. Dalata operates 55 hotels under the Maldron Hotel and Clayton Hotel brands, mostly in Ireland and the UK, and aims to open new hotels in Europe including in Berlin and Madrid. It launched a strategic review in March to explore options for enhancing shareholder value, including a potential sale. The Dalata Board said it believes the acquisition is in the best interests of Dalata shareholders and represents the most effective route to enhance value for shareholders, relative to Dalata's other strategic options which have been considered as part of its strategic review. Dalata said it will retain its staff, management team and Dublin headquarters as it continues to expand as an international hotel group. Dermot Crowley, CEO of Dalata, said the deal represents an exciting new chapter for Dalata in which it will become part of a larger hotel platform and will further accelerate its growth. He said the deal was a "very good fit" as it gives Pandox a large portfolio in Britain and Ireland, and Dalata better access to capital and a larger platform to accelerate growth. Dalata will continue to target new properties in the United Kingdom and Western and Southern Europe, he added. "Our focus remains firmly on our people and our customers. I'm proud to continue to lead our team in close partnership with our new owners. Together, we will unlock new opportunities for the Clayton and Maldron brands as we continue to expand as a leading international hotel company," the CEO added. John Hennessy, Chair of Dalata, said that after a thorough and rigourous strategic review, incorporating a formal sales process, the board has determined unanimously that this transaction delivers compelling value and represents the best available strategic option for shareholders. "We believe that it is the right path forward for all stakeholders, and that it positions the business strongly for its next phase of growth under new ownership," the said. "The value achieved reflects the hard work and professionalism of the exceptional people working in Dalata now and in the past, and we extend our sincere gratitude to everyone in the Dalata Group and to all who have contributed to the journey so far. We look forward to the company's continued success into the future," he added. Pandox CEO Liia Nõu said the portfolio consisted of "well-established and highly profitable four-star hotels in strong locations" that would increase its footprint in key markets. Sweden-based Pandox specialises in the ownership, development and leasing of large hotel assets in major cities across Sweden and northern Europe. It has been expanding its portfolio through acquisitions and leases in key European cities including Stockholm, Berlin and Brussels and its portfolio consists of 163 hotel properties with about 36,000 rooms across 11 countries in Northern Europe. Eiendomsspar is one of the largest real estate owners in Norway and it owns 11 hotels in Norway, with another two hotels under construction. Eiendomsspar controls about 36% of the voting shares of Pandox.
AFP
3 days ago
- Politics
- AFP
Movie footage falsely shared as Israeli spy execution in Iran
"Iran has hanged Mossad agents," reads a Urdu-language post shared June 30, 2025 on X, referring to Israel's intelligence agency. A video included in the post shows a blindfolded man with his hands tied and a noose around his neck attached to a crane. Two masked men remove the stool under him. "But in Pakistan, Indian terrorist commander Kulbhushan Jadhav is alive and well," the post adds, mentioning an alleged Indian spy who has been on death row for years (archived link). Image Screenshot of the false X post taken June 30, 2025 with a red X added by AFP Similar posts also surfaced on TikTok after a US-proposed ceasefire ended the Iran-Israel war, which killed more than 1,000 people in Iran and at least 28 people in Israel. Hostilities erupted after Israel launched an unprecedented bombing campaign against Iran on June 13, targeting nuclear sites and killing several senior military officials and nuclear scientists (archived link). Tehran responded with waves of drone and missile fire, and the demonstration of Israel's deep intelligence penetration prompted a major hunt for spies (archived link). According to Norway-based NGO Iran Human Rights, six men have been hanged on charges of spying for Israel since the start of the conflict, dozens more on other charges and more than 1,000 arrested during or after the conflict on charges related to the war. A reverse image search of keyframes on Google led to longer footage published on YouTube on April 16, 2024 with the title, "Hanging the actor backstage" (archived link). A part of the clip at the end that had been omitted in the circulating video shows people rushing in to help the actor after the scene. Another version of the clip was shared on Instagram on January 3, 2025 with the caption, "Behind the scenes of the execution of the Bi Badan film" (archived link). Image Screenshot comparison of clip in the false posts (L) and the YouTube video The entertainment database IMDB says the Farsi-language film -- released in 2024 -- is an adaptation of a famous criminal case in the 1990s "which went back and forth several times until the execution stage" (archived link). The execution scene can be seen from a different angle between the movie's four to five-minute marks, an AFP journalist found. AFP has debunked more false claims related to the Iran-Israel war here.
AFP
09-07-2025
- AFP
Scene from Western film misrepresented as 'Iran executing Israeli spies'
"Iran Executes 4, Including a Woman, for Spying for Israel," reads the caption of an image shared on X on June 17, 2025. The image shows four people standing on gallows with their heads in nooses and covered by black hoods, and their hands tied behind their backs. It surfaced days after Israel launched an on June 13, targeting nuclear sites and killing several senior military officials and nuclear scientists (archived link). Iran responded with waves of drone and missile fire, and the demonstration of Israel's deep intelligence penetration also prompted a major hunt for spies (archived link). According to Norway-based NGO Iran Human Rights, six men have been hanged on charges of spying for Israel since the start of the conflict, dozens more on other charges and more than 1,000 arrested during or after the conflict on charges related to the war. The 12-day war, which was brought to an end by a US-proposed ceasefire on June 24, killed more than 1,000 people in Iran and at least 28 people in Israel. Image Screenshot of the false X post captured on July 4, 2025, with a red X added by AFP The same image was also shared alongside similar Facebook, Instagram and X posts. "Long live Iran law," read a comment on one of the posts. Another said: "Excellent Iran. Crime must be punished." The picture, however, does not show a hanging in Iran. A reverse image search on led to a similar thumbnail for a YouTube video posted on the verified MovieClips channel on The channel is affiliated with movie review aggregator Rotten Tomatoes. The video is titled, "Hang 'Em High (10/12) Movie CLIP - A Hanging and a Shooting (1968) HD". "Hang 'Em High", which was released in 1968, is a Western film starring American actor Clint Eastwood (archived link). The falsely shared image appears to be a shown at the video's 1:18 mark. Image Screenshots comparison of the falsely shared image (left) and the movie clip posted on YouTube (right) The clip was also posted on the Rotten Tomatoes website (archived link). AFP has debunked related to the Iran-Israel war.
