Nasdaq to acquire sustainability software firm Metrio

Nasdaq is planning to integrate Metrio’s ‘software as a service,' also known as SaaS. (Shutterstock)
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Updated 02 June 2022
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Nasdaq to acquire sustainability software firm Metrio

RIYADH: Nasdaq Inc. has entered into an agreement to acquire Metrio, a Montreal-based company known for developing software relating to sustainability and environmental, social and governance, or ESG, issues, Nasdaq said in a statement. 

Nasdaq is planning to integrate Metrio’s ‘software as a service,' also known as SaaS, platform into its suite of ESG solutions. 

“Metrio’s platform is complementary to Nasdaq’s end-to-end suite of sustainability reporting solutions and will accelerate our ability to support corporate clients who are looking for improved reporting technology across all three pillars,” said Michael Bartels, senior vice president, IR & ESG Services at Nasdaq. 

Pierre-Alexandre Hurtubise chief operating officer and co-founder of Metrio said, “We are excited to be part of Nasdaq as we seek new opportunities to bring our solutions to a wider set of stakeholders and increase our impact.” 

In the course of years, Nasdaq has developed a range of ESG-focused technologies and solutions which include ESG advisory services for investor relations professionals, Puro.Earth, a carbon marketplace, and Nasdaq OneReport, an ESG workflow and reporting platform.


Operational challenges bring Riyadh Airport to a near standstill

Updated 19 December 2025
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Operational challenges bring Riyadh Airport to a near standstill

  • Airlines issue statements, while sources tell Arab News rain is to blame

RIYADH: Thousands of passengers travelling to and from King Khalid International Airport in Riyadh were left stranded as major airlines struggled to offer alternative flights following a slew of cancellations and delays.

Saudia and flyadeal were among the aviation firms who faced difficulties, with the two airlines putting out statements blaming temporary operational challenges for the issues.

A statement from the airport on its official X account urged travelers to contact airlines directly before heading to the aviation hub to verify the updated status and timing of their flights.

The statement said: “King Khalid International Airport would like to inform you that, due to the concurrence of a number of operational factors over the past two days —including several flights diverting from other airports to King Khalid International Airport, in addition to scheduled maintenance works within the fuel supply system — this has resulted in an impact on the schedules of some flights, including the delay or cancellation of a number of flights operated by certain airlines.”

The airport added that operational teams are working “around the clock in close coordination with our airline partners and relevant stakeholders to address developments and restore operational regularity as soon as possible”, while taking all necessary measures to minimize any impact on the passenger experience.

Airport sources told Arab News that the issue has to do with the heavy rain Riyadh experienced earlier on Friday. Water apparently got into the fuel tankers supposed to refuel jets before they fly, and then several airlines struggled to re-schedule passengers. 

It its own statement on X, Saudia said: “Affected guests are being contacted through various communication chanels, with all ticket changes processed at no additional cost.”

Arab News reached out to Saudia for further information.

Also in a post on X, flyadeal said any of it passengers impacted by the disruption “will be notified directly by emails and SMS with rebooking and support options.”