(MENAFN - Jordan News Agency) Amman, Feb. 22 (Petra) -- Minister of Culture, Bassem Tweissi, on Monday met with Turkey Ambassador to Jordan, Ismail Aramaz, for a discussion on ways of cooperation in the culture filed between the two countries in order to organize joint activities, as part of celebrations of the centennial of the foundation of the Jordanian state.
During the meeting that was held at the National Library of Jordan, in the presence of its Director General, Nidal Ayasrah, the minister lauded the historic ties that between the two countries, expressing hope to develop Jordanian-Turkish cultural relations.
Talks dealt with organizing a photo exhibition at the National Library of Jordan on March 8, in cooperation with the Yunus Emre Cultural Center on the occasion of the centennial of the Jordanian state, which includes the Yildiz Palace collection that contains a number of Jordanian landmarks, in addition to a classic Turkish concert on oriental instruments, including songs in both Arabic and Turkish.
The exhibition coincides with a lecture by the Turkish historian, Professor Melik Ozetigen, on the relevance, location and methods of photographing the images between 1890 and 1900.
The meeting also discussed the translation and issuance of a set of books that the ministry intends to issue on this occasion into the Turkish language through Turkish institutions and publishing houses, and the organization of a discussion session on the history of the region with the participation of Turkish figures and Jordanian historians.
For his part, the ambassador lauded ties and common history between the two countries, stressing the importance of strengthening cooperation and cultural exchange between the two countries, enhancing communication between their intellectuals, and implementing joint programs.
At the end of the meeting, Tweissi escorted the ambassador on a tour of photo exhibitions on Jordanian-Turkish relations since the forties of the last century, Jerusalem and the Al Karamah battle.
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(MENAFN- The Peninsula) The Peninsula
Doha: Ooredoo Qatar, a leading one-stop national provider of ICT for business, has announced the launch of an Optimum Plan promotion for vehicle tracking services.
From now on, Ooredoo advanced enterprise vehicle tracking for large fleets will be available in specifically priced high-value packages.
Ooredoo's new initiative involves two offers, aimed at taxis, delivery companies, car rental outlets, construction businesses and transport and logistics enterprises. The first offer involves a discount on the standard price.
The second will allow customers to pay a QR750 one-off, one-time charge for a full year's service during a simple 12 month-contract period. Customers can choose both options.
By developing an advanced enterprise vehicle tracking solution for large fleets, Ooredoo anticipates that the offer will coincide with a sharp increase in activity on the part of the local transport and logistics industries, hence designing both packages to provide them with additional support.
Executive Director Business at Ooredoo, Thani Ali Al Malki (pictured), said:“At a hectic time of year, each innovative package will help key transportation providers to prepare for the upcoming global sporting mega event in Qatar and allow our customers to experience amazing value from our innovative IoT solutions.”
Business customers can leverage the Ooredoo Advantage, making Ooredoo 'Best for Business', thanks to its breadth and depth of talent, best fixed and mobile networks, broadest portfolio of ICT services and solutions, and trusted partner for 60 years.
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(MENAFN- GlobeNewsWire - Nasdaq) English Finnish
25 May 2023 at 16:15 EEST
Nokia Corporation - Managers' transactions ( Dannenfeldt )
Transaction notification under Article 19 of EU Market Abuse Regulation.
Person subject to the notification requirement
Name: Dannenfeldt, Thomas
Position: Member of the Board
Issuer: Nokia Corporation
Notification type: INITIAL NOTIFICATION
Reference number: 32353/6/8
Transaction date: 2023-05-24
Venue: TRADEGATE EXCHANGE - FREIVERKEHR (XGAT)
Instrument type: SHARE
Nature of the transaction: ACQUISITION
(1): Volume: 2700 Unit price: 3.72848 EUR
(2): Volume: 2700 Unit price: 3.73181 EUR
(3): Volume: 8600 Unit price: 3.74161 EUR
Aggregated transactions (3)
Volume: 14000 Volume weighted average price: 3.73719 EUR
At Nokia, we create technology that helps the world act together.
As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.
Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.
Phone: +358 10 448 4900
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Phone: +358 40 803 4080
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(MENAFN- Jordan News Agency) Amman, Dec. 11 (Petra)--Senate President Faisal Al-Fayez on Monday met chief of the Japanese House of Councillors, Chuichi Date, on ways to foster bilateral ties and the Mideast developments.
Al-Fayez during talks lauded bilateral economic, political and parliamentary relations, based on mutual respect to serve the two countries' interests.
Jordan, he said, is a model of peace , security and stability in the Middle East though it battles regional volatilities and terror factions.
"Jordan is unique in its visions, stances and aspirations, embodied in its tremendous efforts to host and tackle the Syrian refugee ordeal," he pointed out.
He highlighted the political Mideast woes, in which the Palestinian cause is still unresolved and the current Israeli government rejects the re-launch of the stalled peace process.
This situation is further complicated by the U.S. decision to relocate its country's embassy to the occupied Jerusalem and to recognize this holy city as the capital of Israel, he added. This US step violates relevant international resolutions on Jerusalem and the Palestinian cause, he told the Japanese guest.
The conflicts ravaging Syria, Iraq, Yemen, and Libya helped create an appropriate environment for terrorist powers to prosper, he affirmed.
These volatilities had a negative impact on Jordan, which currently hosts over a million Syrian refugees and offers them necessary services, he said.
The ramifications of the Syrian refugee ordeal are embodied in the economic burdens it faces and Jordan needs Tokyo's support to overcome these rigorous challenges and to press ahead with its key role in countering terrorism, to provide services to Syrian refugees and to propagate the culture of peace, he underlined.
Al- Fayez lauded Japan's economic aid to the Kingdom at critical times and stressed the need to increase Japanese investments in the country, urging Tokyo to push Israel to resume the stalled peace process to help Palestinians establish their sovereign state with east Jerusalem as its capital.
The Japanese official on his part lauded Jordan's key role to achieve Mideast peace and stability and added the two countries share political stances on resolving crises in the region.
11/12/2017 - 03:24:51 PM
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(MENAFN- Jordan News Agency)
Amman, May 27 (Petra) -The Kingdom will be affected by a state of atmospheric instability on Saturday, as a significant rise in temperatures is forecast and dusty weather prevails and relatively hot conditions are expected almost countrywide.
Local and scattered rain showers will hit different areas for a limited period, which could be often accompanied by thunder, according to Jordan Meteorological Department (JMD) daily update.
In its report, the JMD warns of the risk of low horizontal visibility due to dust in several areas, as well as gusts and slippery roads that experience rainfall.
On Sunday, the effect of atmospheric instability deepens , and temperatures drop. Weather is generally dusty and moderate in mountainous areas and plains, and relatively hot in the other regions . Scattered showers are forecast in different regions countrywide, especially the Kingdom's southern and southeastern districts, including the city of Aqaba.
Downpour could be heavy often accompanied by thunder and hail that leads to the formation of torrential rains in valleys and low areas. Strong gusts sometimes exceed 70 km / h per hour in some areas, the JMD said.
As for Monday, atmospheric instability intensifies. The weather will remain dusty and moderate in temperature in the mountainous regions and plains, and relatively hot in the other regions.
In addition, scattered showers are forecast in different regions, especially the southern areas, including the city of Aqaba, which could be often heavy and accompanied by thunder and hail that leads to the formation of torrential rains in valleys and low areas. Winds are southwesterly active with speed sometimes exceeding 70 km / h in some areas.
Also today, temperatures in Amman hit 33 degrees Celsius, dropping to 20C during night, while the city of Aqaba will see a scorching 40C, sliding to 27C during night hours.
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Brainerd, Deerwood receive DEED grants
receive state grants
Brainerd and Deerwood were among 32 Minnesota communities in outstate Minnesota that received grants to help pay for rehabilitating housing and commercial structures and improving infrastructure.
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Athlete Spotlight: Millbrook football player Aaron Seal
Millbrook High School 17-year-old senior
Position: Left guard and defensive tackle
Parents: Robert and Jennifer Seal
Hometown: Born and raised in Winchester
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(MENAFN- The Rio Times) Oxfam's recent study highlights a significant CO2 emissions gap in the EU, revealing that the wealthiest 1% emit 14 times more CO2 than the less affluent half.
Released on Monday, the report proposes a wealth tax to combat climate change and inequality.
The Stockholm Environment Institute's collaboration predicts 67,800 extra heat-related deaths by 2100, due to these emissions. That averages to about 850 deaths annually.
In the EU, the richest 10% emit as much CO2 as the bottom 50%. Their luxurious lifestyles starkly contrast with the struggles faced by average people amid climate crises.
Oxfam's tax expert, Chiara Putaturo, emphasizes this disparity.
Globally, the top 1%, about 77 million people, are accountable for 16% of consumption emissions. An average individual would take 1,500 years to match this CO2 output.
In 2019, the EU's wealthiest 1% contributed to 6% of the bloc's consumption CO2 emissions, while the top 10% accounted for 28% of greenhouse gases.
Oxfam suggests a wealth tax in Europe, starting at 2% for millionaires with over 4.5 million euros. This could raise nearly 250 billion euros, funding a third of the EU's recovery efforts.
Support from economist Thomas Pikkety and billionaire Marlene Engelhorn adds credibility to this proposal.
Historically, wealth taxes have redistributed resources and funded social programs. This modern proposal targets environmental recovery.
Countries like France and Spain have trialed similar taxes, providing lessons for the EU. The link between wealth, consumption, and emissions is clear.
This tax aims to reduce the environmental impact of wealthy lifestyles.
Oxfam's proposal is part of a trend to address climate change economically. It marks a shift from purely environmental to combined environmental and fiscal strategies.
If successful, this tax could inspire global models for balancing economic inequality and environmental responsibility.
Implementing such a tax will face challenges, needing wide political support and effective management.
This wealth tax is a bold step towards a more equitable and sustainable future, linking wealth with environmental accountability.
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(MENAFN- AsiaNet News) As the Parliament's proceedings shift to the new building, Prime Minister Narendra Modi announced the new name for the old parliament building: "Samvidhan Sadan" (Constitution House). The old Parliament Building, designed by British architects Sir Edwin Lutyens and Herbert Baker and completed in 1927, witnessed historic moments in Indian history, including the passing of India's constitution.
PM Modi expressed his hope that the old building's glory would never decline and suggested renaming it to "Samvidhan Sadan" during his address. He emphasized the significance of preserving the memories of the Constituent Assembly members who once sat there.
'First and historic session': PM Modi addresses Lok Sabha in new Parliament building
PM Modi paid tribute to every brick of the old Parliament building and expressed optimism that MPs would enter the new Parliament with renewed hope and confidence.
Sources revealed that the old Parliament building would be conserved as an archaeological marvel of India. During his address, PM Modi touched on various topics, including Lok Sabha elections, the G20 summit, and the success of India's lunar mission, Chandrayaan-3.
He also remembered India's first Prime Minister, Jawaharlal Nehru, and highlighted the historical significance of the old Parliament building.
MPs enter new Parliament House of India on Ganesh Chaturthi | WATCH
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A unique strategy to keep 'Race 3' climax under wraps
21 May 2018
The makers of Salman Khan starrer 'Race 3' are making sure that the climax of the film is kept well under the wraps till June 15.
Given that the climax has been the main highlight of the previous two 'Race' movies, something similar can be expected this time as well.
Therefore, the team has shot multiple endings to safeguard the high-point of 'Race 3'.
Even crew members don't have any idea about the climax
A media report stated, "As the climax is the most crucial segment of an action-thriller, it's been said that the makers of 'Race 3' have shot multiple endings. So that nobody apart from the core team is in the know of the real ending."
"The entire unit and the crew, too, is unaware of the climax," it added.
Here's how Salman had described 'Race 3'
"It is a film with big scale music, emotion, action, youth kind, which you watch, whistle in the end and go back home happy. This is one of those films, which I've never done at all," the superstar said at the trailer launch.
The film will be released in 3D as well
'Race 3', the third installment in the superhit 'Race' franchise, will be another Eid release for Salman. The film will be out in 3D as well.
It also features Jacqueline Fernandez, Anil Kapoor, Bobby Deol, Daisy Shah and Saqib Saleem.
Choreographer-turned-director Remo D'Souza has taken over the reins of the film from Abbas-Mustan.
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(MENAFN) The U.S. Department of Labor has announced that a McDonald's location in Morristown, Tennessee, operated by Faris Enterprises of TN LLC, has been fined USD3,258 for allowing a 15-year-old worker to use a deep fryer and subsequently suffering hot oil burns in June 2022. Investigators from the Wage and Hour Division found that the work was illegal and deemed hazardous for young workers. According to department provisions, 14- and 15-year-olds can be employed in food preparation in a limited capacity, but they are not allowed to use a deep fryer without an automatic basket or bake.
In addition to the child labor violation, the same operator was fined USD882 for deducting two workers' pay during overtime workweeks to account for uniforms and cash register shortages, both violations of the Fair Labor Standards Act. According to the press release, Faris Enterprises had committed similar violations in the past.
In response to the fines, Faris Enterprises stated that they take their role as local employers seriously and regret any errors that may have led to these citations, adding that the safety and well-being of their employees have always been a top priority for their organization.
The Department of Labor has issued a total of USD4,386,205 in penalties for 2022, the most in nine years, according to agency data. Lisa Kelly, the Wage and Hour Division District Director, expressed concern over the increase in federal child labor violations since 2018, stating that investigators are finding too many employers who are unaware of the law or choose to ignore it.
In a tight labor market, employers sometimes turn to minors to fill positions as they tend to be more docile and cheaper. According to Reid Maki, director of child labor advocacy for the National Consumers League and coordinator of the Child Labor Coalition, which works to end abusive child labor, employers need to be more vigilant in following child labor laws and providing a safe working environment for their underage employees.
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(MENAFN- AzerNews) By Ayya Lmahamad
The volume of social payments to the population is projected at AZN 2.3 billion ($1.3bn) in 2020, Azerbaijan's Minister of Labor and Social Protection of Population Sahil Babayev said during the Parliament's plenary session on August 5.
The country increased the volume of social payments by AZN 6.4 million ($3.7M) in the first six months of 2020 compared to the same period last year, the minister added.
Babayev noted that over the last year, 83,000 people received electronic payments. Additionally, as a result of preventing counterfeit social payments, AZN 735 million ($432M) were saved.
According to the results of the first half of 2020, Azerbaijan ranks first among CIS countries in terms of purchasing power of pensions. Payments on pensions for age reached AZN 307 ($180), and for the loss of the head of the family - up to AZN 308 ($181) in the reporting period.
In 2019, the State Social Protection Fund returned AZN 32 million ($18.8M) to the state budget. For the first time the fund's budget collected AZN 197 million ($115.9M).
The State Social Protection Fund under the Ministry of Labor and Social Protection of Population has paid social benefits to 455,400 citizens in the first half of 2020. Of them, 412,100 received monthly payments, while the rest received lump-sum benefits. A total of 743,000 people received social benefits and pensions during the reporting period.
In addition, Azerbaijan, with an index of 476 international dollars, ranks first among CIS countries for the level of the minimum pension.
Azerbaijan has modernized the system of provision of pensions. The Automated Pension System, which has been in operation since early 2019, is the first proactive service in the country that allows persons entitled to a pension to automatically receive a pension without going to any institution and without having to provide documents.
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Parents go after Dayton marijuana stance
A Woodbury parent said the governor should “put special needs ahead of special interests.”
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Winter rages on
The National Weather Service, as well as Wisconsin's Department of Emergency Management, warned the afternoon of Jan. 30 of the various winter-weather dangers around the state.
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(MENAFN- Morocco World News) Rabat - Morocco's real GDP growth is expected to fall to 3.1 percent in 2018, after reaching 4.1 percent in 2017, a year when the agricultural season was 'exceptionally good,' according to a report from the African Development Bank. The bank's outlook comes to echo that of the government's forecasts, which expects a growth rate of 3.2 percent, while maintaining the dynamics of non-agricultural value added, which should reach 3.6 percent in 2018. READ ALSO: Growth of Morocco's Economy to Decrease by 2.8% in 2018 For the ADB, much of Morocco's growth achieved in 2017 'was driven by the increase in the value added of agriculture, which grew by 16.1 percent in 2017.' 'In addition to favorable weather conditions, the excellent performance of the agricultural sector in 2017 is linked to a 52 percent increase in the use of certified seed, 1.66 million quintals compared to 1.09 million in 2016 and good performance of livestock, market gardening, fruit and fishing,' adds the ADB. READ ALSO: Moroccan Economic Growth to Fall to 2.6% in 2018: HCP As for 'the evolution of macroeconomic indicators,' the ADB said that in 2017, Morocco continued its policy of fiscal consolidation it launched in 2011, stressing that the budget deficit settled around 3.6 percent of GDP in 2017 against 4.1 percent in 2016, and is projected to reach three percent in 2018. Foreign trade is also expected to improve compared to 2016, according to the bank. This improvement will be due to lower imports and higher production of wheat, in addition to the evolution of exports resulting from 'new trades' in the automotive, aerospace, and electronics sectors, among others. READ ALSO: Morocco's 2017 Economic Growth: GDP on the Rise, Investment in Decline Regarding the current account deficit, it is estimated at four percent of GDP for 2017 against 4.4 percent in 2016. This improvement, explains the ADB, is due to a 32 percent increase of foreign direct investments and a two percent increase of the remittances of Moroccans living abroad compared to 2016. "
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(MENAFN - Emirates News Agency (WAM))
ABU DHABI, 14th February, 2021 (WAM) -- MAKTABA at the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has launched a special programme to mark the sixth edition of the UAE Innovation Month festival.
The new programme comprises workshops designed to encourage students to be innovative by honing their skills and ideas in ways that boost their creativity.
MAKTABA announced the launch of "Make it... Towards Sustainability," a competition designed to create a platform for encouraging children to innovate while channelling their energies towards actions that benefit society.
The competition will introduce participants to the importance of sustainability in preserving the environment, while enhancing their readiness to tackle environmental challenges, such as waste reduction, alternative energy sources, global warming and desertification.
"As the country harnesses the latest technologies and embraces digital transformation initiatives, UAE Innovation Month has grown to become one of the major events in our calendar," said Shaikha Mohamed Almehairi, Library Management Director at DCT Abu Dhabi.
"Sustainability is also a key element in this year's UAE Innovation Week, which aligns with one of DCT Abu Dhabi's key mandates to utilise the best sustainable practices in our tourism and culture sectors."
MAKTABA's Innovation Month programme started with a workshop titled "I Innovate," dedicated to motivating students to be more innovative, while another demonstrated to students the skills of critical thinking and analysis through science, technology, engineering and mathematics.
The upcoming 'Innovation Strategies' workshop will introduce DCT Abu Dhabi and corporate employees, as well as the general public, to innovation mechanisms, stages, tools and strategies.
The Innovation Month programme will host three additional workshops for students, starting with 'Learn, Read and Innovate,' which will highlight the importance of reading in acquiring knowledge, while exploring the best ways to innovate. Another will assist children in discovering and developing their talents with a view to boosting their creativity.
The programme will conclude with a workshop that aims to teach children about the best practices for recycling household waste to better protect the environment.
UAE Innovation Month was established to create, promote and celebrate a culture of innovation in the emirates, providing support to creative and skilled individuals across numerous sectors by hosting events that bring together individuals and organisations.
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(MENAFN- AsiaNet News) Amidst widespread concerns about the Karnataka government's alleged ban on carpooling in Bengaluru, Transport Minister Ramalinga Reddy issued a clarification, firmly denying any such ban. Reddy stated that there has been no official notice or government order prohibiting carpooling, and no directives have been issued to that effect. He highlighted that an important meeting is scheduled for October 3 to discuss carpooling-related matters.
At present, carpooling applications operating in Bengaluru lack official licenses from the government, raising questions about their legality. Minister Reddy specified that certain conditions would apply to carpooling.
Carpooling is illegal: Karnataka Transport Dept fines Rs 10000 for violations in Bengaluru
Carpooling serves as an effective means to reduce traffic congestion in Bengaluru and is encouraged among friends, neighbours, relatives, and colleagues. However, utilizing carpooling for commercial purposes, particularly through app-based platforms, requires government authorization. Minister Reddy stressed that developing carpooling apps for commercial use without government approval is not permitted.
The upcoming meeting on October 3 will delve into various aspects of carpooling, including permissions, commercial applications, and the difference between whiteboard and yellowboard vehicles. Yellow board number plates are mandatory for all commercial vehicle operations, except private use. The meeting will address other transportation-related matters, including delivery services conducted by motorcycles, such as food delivery and online shopping.
BJP MP Tejasvi Surya urges govt to reconsider ban on carpooling
Several businesses in Bengaluru have been found to violate motor vehicle regulations. For instance, as per the existing rules, whiteboard two-wheelers are not allowed to engage in food delivery or shopping deliveries, yet such practices remain common in the city. Furthermore, bike taxis have been observed using whiteboard number plates, despite their incompatibility with these services.
The rules permit carpooling among friends and relatives via platforms like WhatsApp groups. However, any commercial use of carpooling apps must comply with government regulations.
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(MENAFN- Trend News Agency)
Republican U.S. House Speaker Kevin McCarthy called on
Democratic President Joe Biden to agree to compromises and spending
cuts, as the two remain deadlocked over raising the nation's $31.4
trillion debt ceiling, trend reports citing reuters .
McCarthy spoke on Monday before Biden is set to give the annual
State of the Union address to a joint session of Congress on
Tuesday, aiming to get ahead of the president and reinforce his
role as the leading congressional negotiator.
The White House has said Biden will discuss federal spending
cuts with Republicans, but only after the debt ceiling is lifted,
while McCarthy has said Republicans will only lift the ceiling if
Biden agrees to spending cuts. While the two sides disagree on the
order of the subjects they are tackling, both say they will
continue to talk.
'Mr. President, it's time to get to work,' said McCarthy, whose
Republicans won a narrow majority in the House of Representatives
in November's election.
'We must commit to finding common ground on a responsible debt
limit increase. Finding compromise is exactly how governing in
America is supposed to work, and exactly what the American people
voted for just three months ago,' McCarthy said.
'Defaulting on our debt is not an option, but neither is a
future of higher taxes, higher interest rates and an economy that
House Republicans want to use the debt ceiling, which covers the
spending programs and tax cuts Congress previously approved, as
leverage to push spending cuts, after two years of Democratic
control of the House and the Senate.
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Cal-Maine Suffers from Poor Sales
Cal-Maine Foods (NASDAQ:CALM) dumped some of its stock strength Wednesday after the company came out with disappointing sales figures due to lower prices. The egg producer reported fiscal first-quarter earnings of two cents per share, while analysts polled by StreetAccount had called for earnings of 33 cents per share. Revenue was also lackluster.
The company reported quarterly net sales of $459.3 million, quarterly net income of $926,000 or $0.02 per basic and diluted common share
This morning's news release also pointed to net average selling price for specialty eggs increased 8.4% quarter-over-quarter
It also provided a cash dividend of $294,000, or $0.006 per share, pursuant to the Company's established dividend policy.
CEO Sherman Miller said“Our results for the first quarter of fiscal 2024 reflect the current dynamic market conditions. After reaching record high levels in fiscal 2023, average selling prices for shell eggs have since returned to more normalized levels as the overall egg supply recovers from the most recent highly pathogenic avian influenza outbreak, which depleted the national hen supply. Customer demand has been favorable with conventional egg volumes higher than a year ago, offset by lower sales of specialty eggs.
“We continue to focus on offering customers a wide range of quality choices in shell eggs, as well as egg products offerings, with a favorable product mix in line with changing consumer demand trends.”
CALM shares plummeted $3.51, or 7.4%, to $43.98.
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Bengaluru, Feb 7 (IANS) The ruling BJP in Karnataka has targeted senior Congress leader Rahul Gandhi for criticising the Hindustan Aeronautics Limited (HAL) and alleging that it has weakened under the Modi government.
The issue has resulted in a political crossfire between the Congress and BJP.
In a series of tweets late Monday, the state's Health Minister K. Sudhakar said: 'The HAL, which was nurtured by Maharaja of Mysore Shri Jayachamarajendra Wodeyar, is a pride of Karnataka and an invaluable jewel of India.
'In the run up to 2019 Lok Sabha elections Rahul Gandhi made baseless allegations that PM Narendra Modi Govt is weakening HAL.
'Today, PM Narendra Modi inaugurated the HAL's helicopter factory in Gubbi, Karnataka, which will be Asia's largest chopper manufacturing unit. The unit intends to manufacture over 1,000 helicopters with a projected business value of Rs 4 lakh crore over the next 20 years.
'This will enable India to meet its entire requirement of helicopters without import and gives fillip to Prime Minister's vision of 'Aatmanirbhar Bharat' in helicopter design, development and manufacturing.
'Will Rahul Gandhi and Congress now apologise for misleading the nation on HAL, which is growing leaps and bounds and scaling new heights under PM Narendra Modi Govt?'
Meanwhile, Opposition leader Siddaramaiah said that Prime Minister Modi is visiting Karnataka only to inaugurate works done by the Congress government in the state.
'HAL Helicopter Manufacturing Unit in Gubbi taluk in Tumakuru district is proposed and ground work done during the tenure of the UPA government. Now, Modi is inaugurating it,' he said.
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(MENAFN) Car manufacturing in Iran experienced a significant increase of 48 percent during the first two months of the current Iranian calendar year (March 21 - May 21) compared to the corresponding period of the previous year. According to the director general of the Iranian Industry Ministry's Auto Industry Office, over 193,000 vehicles were manufactured by Iranian carmakers during this period. The production of passenger cars alone witnessed a substantial rise of 45 percent, reaching nearly 165,000 units.
Moreover, the manufacturing of various types of trucks also demonstrated a notable growth of 58 percent year on year. In the previous Iranian calendar year 1401, car production in Iran witnessed an overall increase of 39 percent, with a total of 1,347,394 vehicles manufactured. Passenger car manufacturing alone accounted for 1,182,078 units, marking a 35-percent rise compared to the previous year.
Vans played a significant role in the overall production, as 125,507 vans were manufactured, experiencing a remarkable growth rate of 56 percent. Additionally, the manufacturing of trucks soared by 150 percent, reaching a total of 34,136 units. The production of buses also witnessed growth, with 1,391 units manufactured, reflecting an 88 percent increase. Similarly, the manufacturing of minibusses and middle buses experienced growth rates of 11 percent and 88 percent, respectively.
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(MENAFN- GlobeNewsWire - Nasdaq) VANCOUVER, British Columbia, May 26, 2023 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (TSX: MARI) (“Marimaca” or the“Company”) is pleased to report that all of its incumbent directors were re-elected at its annual general meeting of shareholders, held virtually via webcast on Thursday May 25, 2023 (the“Meeting”). Below are the detailed results of the votes cast by ballot (including votes cast by proxy) at the Meeting on the election of the Company's directors.
| || VOTES FOR || VOTES WITHHELD || PERCENTAGE OF VOTES FOR |
| Hayden Locke || 21,675,434 || 28,132 || 99.87% |
| Alan J. Stephens || 21,675,434 || 28,132 || 99.87% |
| Colin Kinley || 21,701,610 || 1,956 || 99.99% |
| Michael Haworth || 21,674,145 || 29,421 || 99.86% |
| Clive Newall || 21,675,328 || 28,238 || 99.87% |
| Tim Petterson || 21,702,687 || 879 || 100% |
Shareholders also passed resolutions re-appointing PricewaterhouseCoopers LLP as auditor of the Company (100% of votes cast in favour) and re-approving the Company's Omnibus Incentive Plan (99.83% of votes cast in favour).
Please see the Company's report of voting results filed under the Company's SEDAR profile at for the detailed results of all votes received on the matters presented to shareholders at the Meeting.
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(MENAFN) A recent study by S&P Global has highlighted the continued decline in manufacturing activity across the Eurozone, with Germany, the region's largest economy, contributing significantly to the slowdown. The Purchasing Managers' Index (PMI) for manufacturing dipped to 46.5 in February, a slight decrease from January's 46.6. Although higher than the preliminary reading of 46.1, the figure has now remained below the crucial 50-mark, indicating contraction, for the 20th consecutive month.
While the rate of contraction in total factory output across the Eurozone remained unchanged from January, the region's manufacturers managed to clear pending orders, according to the S&P Global report. However, the persistence of the manufacturing downturn has led experts to suggest that the Eurozone's one-year industrial recession is far from over.
Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, noted that the decline in output is consistent with the previous month, attributing the trend to the struggles of heavyweight economies like Germany and France. The report underscores that Germany experienced its sharpest economic deterioration in four months in February, with separate research by S&P Global indicating that German manufacturing activity fell well below expectations, indicating an accelerated economic downturn.
De la Rubia further commented on the softer decline in input prices across the Eurozone, pointing out that it may not be solely due to geopolitical tensions in the Red Sea. Instead, he suggested that movements in commodity prices, such as the recent surge in oil prices, might be contributing to the nuanced economic landscape. As Eurozone manufacturing grapples with ongoing challenges, the report raises concerns about the region's ability to navigate a sustained downturn and highlights the critical role of heavyweight economies in shaping the overall economic trajectory.
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(MENAFN) In the latest primaries across Michigan, Idaho, and Missouri, former US President Donald Trump has emerged triumphant in his bid to secure the Republican Party's nomination for the 2024 presidential election. Trump's victories in these key states signify a significant advancement in the nomination race, further solidifying his position as the frontrunner over his party rival, former US Ambassador to the UN Nikki Haley.
During the Michigan primary, Trump secured a commanding win, capturing an impressive 68 percent of the vote, while Haley, his closest contender, trailed behind with 27 percent of the votes. Similarly, in Idaho's primary election, Trump demonstrated his dominance by achieving a substantial lead over Haley, clinching victory with a staggering 85 percent of the vote, compared to Haley's modest 13 percent. In Missouri, Trump's success was resounding as he emerged victorious in every county caucus throughout the state, underscoring his widespread appeal among Republican voters.
With these triumphs, Trump's delegate count has surged to 247 nationwide, firmly establishing him as a frontrunner within the Republican Party's nomination race. In contrast, Haley's delegate count stands at a modest 24, highlighting the significant disparity in support between the two candidates.
The upcoming "Super Tuesday," a pivotal event during which voters in 15 states will select their preferred candidate for each party, is anticipated to be a crucial juncture in the presidential race. Following the conclusion of these primaries on March 5, the political landscape surrounding the presidential candidates is expected to gain clarity, offering valuable insights into the trajectory of the Republican Party's nomination process and the broader dynamics shaping the 2024 presidential election.
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(MENAFN- Jordan News Agency) Cairo, Nov. 25 (Petra) -- The Women Development Organization in Cairo (WDO) in collaboration with the UN Women, the United Nations Office on Drugs and Crime (UNODC) and the United Nations Development Programme (UNDP) on Thursday launched the first round of discussions on the establishment of a Multi-partner Trust Fund.
The event aimed to inform member states and development partners on the newly established WDO and engage in an open exchange on thematic orientation and the organization's strategic priorities. Furthermore, the meeting explored ideas about the WDO Multi-Partner Trust Fund (MPTF) and possibilities for funding opportunities within the proposed workstreams of the MPTF.
Deputy Executive Director of the WDO, ambassador Ehab Fawzy, emphasized that the WDO will be the center of gender architecture of the OIC system. He outlined the first programmatic cycle of the WDO and the linkage between its components and the MPTF four pillars which are; Promoting Women's Economic Empowerment & Financial Inclusion, Elimination of Violence and harmful practices against women and girls, Women's leadership in promoting peaceful and inclusive societies, Role of women in fighting corruption.
Maya Morsy, the President of the National Council for Women and the Chair of the First Ministerial Council of WDO, highlighted the importance of the WDO and its establishment within the OIC system as it was the case with the establishment of UNWomen within the UN system. She also gave a background about the history of the establishment of WDO which started since 2005 and the adoption of its statute in 2010 and entering into force in 2020.
The second part of the event included technical presentations on the four thematic pillars of the WDO and the policy papers which were developed for them by the UN Women, the UNODC, and independent institutions, such as the Siracusa International Institute for Criminal Justice and Human Rights, in addition to the Islamic Development Bank (IsDB0 that presented its perspective about cooperation with WDO.
The coordinator of the MPTF Office participated virtually from New York to explain the standard procedures of establishing the MPTF and the different types of MPTFs.
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By Vugar Khalilov
Azerbaijani Foreign Minister Jeyhun Bayramov has discussed
multidimensional cooperation, as well as regional situation with
foreign colleagues on the margins of the 77th UN General Assembly
in New York, Azernews reports, citing the ministry.
International Crisis Group
During the meeting with International Crisis Group President and
CEO Dr. Comfort Ero in New York, Bayramov spoke about Azerbaijan's
efforts to restore regional peace and stability following the
44-day war, as well as rehabilitation and reconstruction work being
carried out in the liberated lands. The sides exchanged views on a
regional peace proposal and stability.
Bayramov emphasized that, despite Armenia's recent provocations,
Azerbaijan remains committed to the peace negotiations to take the
At the meeting, issues related to the reports, compiled by the
International Crisis Group on Azerbaijan, were brought to the
attention of the opposite side, and the group's concerns on a
number of issues were addressed.
Bayramov and his North Macedonian counterpart Dimitar Kovacevski
discussed the Azerbaijani-North Macedonian bilateral relations and
the regional situation in New York.
Bayramov expressed his pleasure with Azerbaijani and North
Macedonian cordial relations. Azerbaijan's efforts in the energy
sector, as well as future plans, were brought to the attention of
the opposite side.
The minister gave detailed information about the 30-year-long
occupation of Azerbaijani territories by Armenia, which ended in
the 2020 second Karabakh war, as well as the destruction of cities
and villages in Karabakh, including the new regional situation that
has emerged after the 44-day war, the work done by the country to
implement the trilateral statements, as well as the latest
provocations (September 12-13, 2022) committed by Armenian on the
Kovacevski expressed his interest in the deepening of relations
between the two nations, emphasizing the need for institutional
interactions. The importance of Azerbaijan's contribution to
Europe's energy security was stressed.
The parties also addressed collaboration within the OSCE and
other international organizations, as well as other areas of mutual
Bayramov and his Polish counterpart, the acting chairman of the
OSCE Zbigniew Rau, discussed cooperation within the framework of
the organization on the sidelines of the 77th UNGA session on
The sides exchanged views on regional and international security
issues, as well as on Armenia's constant provocations, causes for
and consequences of the recent tensions in the region.
Similarly, Azerbaijani Foreign Minister Jeyhun Bayramov met his
Serbian counterpart Nikola Selakovic in the same venue.
'Glad to meet with FM of Serbia Nikola Selakovic and discuss the
issues on the agenda of friendship and strategic partnership
between Azerbaijan and Serbia, cooperation with international
organizations, as well as regional security,' Bayramov tweeted.
Bayramov and his Venezuelan counterpart Carlos Rafael Faria
Tortosa discussed the Azerbaijani-Venezuelan relations, as well as
the perspectives and cooperation within Azerbaijan's chairmanship
in the Non-Aligned Movement on the margins of the 77th UNGA
The meeting also focused on other multilateral platforms, as
well as regional and international issues of mutual interest.
Bayramov also attended an official reception organized by US
President Joe Biden in New York.
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Winchester blanketed in snow
Snow began falling late Tuesday evening and continued through the morning hours of Wednesday, dropping between 8 and 15 inches throughout the Shenandoah Valley. (Photo by Jeff Taylor/The Winchester Star)
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Geary County health officials reported four new positive COVID-19 cases and four recovered cases on Friday. There are 38 active cases.
The Health Department noted that one person is hospitalized due to the coronavirus.
There have been 462 positive cases and 419 recovered cases since the pandemic began. There have been four deaths in Geary County.


(MENAFN- Gulf Times) Strengthening trade ties between Qatar and Pakistan would factor significantly in the Gulf nation's food security initiatives amid an economic blockade imposed on the country in June 2017, Pakistan's ambassador to Qatar said.
Speaking at the ‘Pakistan-Qatar Business & Investment Opportunities Conference' held in Doha yesterday, ambassador Shahzad Ahmad said: 'Deepening trade ties with Pakistan aligns with the current policy of Qatar to enhance its food security.
'Post-blockade there is a significant opportunity for Pakistani businesses seeking to enhance their exports to Qatar as Qatari businesses seek new partners and adjust their supply chains to the new realities in the region, he continued.
Ahmad said Pakistan 'is in a unique position in the region, being a food-surplus country, enjoying longstanding and close bilateral relations with the state of Qatar.
'Transit shipping time of just under four days places it at a competitive advantage vis-à-vis most other countries outside the GCC. We also have had some success in convincing Qatari authorities to commence direct shipping link with Pakistan and since August, We have two separate shipping lines that are providing logistic services from Karachi port to Hamad Port. Qatar Airways also continues to strengthen its air operations to Pakistan, he said.
Backed by government-led investment opportunities, Qatar and Pakistan are keen to expand trade relations in a wide range of mega projects in the country, including food security, according to Qatar Chamber vice-chairman Mohamed bin Towar al-Kuwari.
In a speech, al-Kuwari encouraged Pakistani companies to take advantage of the investment opportunities being offered by the government to the private sector and foreign investors.
These opportunities include mega infrastructure projects related to Qatar's hosting of the 2022 FIFA World Cup, as well as the QR1.6bn Strategic Food Security Facilities Project — a food storage and processing facility at Hamad Port, which is capable of supplying stockpile for three main commodities: rice, sugar, and edible oils for 3mn people for two and a half years.
Aside from food and related products, Ahmad also stressed on Pakistan's large industrial manufacturing base, which has 'much to offer Qatar in sectors like textiles, pharmaceuticals, and technology, including software development and electronics manufacturing, as well as chemical manufacturing and the construction industry.
'Besides, with a large consumer base of more than 200mn, Pakistan's stock market and its hospitality and retail sectors offer potential investors highly attractive returns, the ambassador said.
Ahmad also lauded the government's visa-on-arrival initiative, which, he said, 'has eliminated a significant trade barrier.
'Work visas for Pakistanis are now freely available. Due to encouragement by the Qatari authorities, Pakistan is enhancing its trade promotion activities through better participation in trade exhibitions taking place in Qatar, he continued.
Zahid Latif Khan of the Rawalpindi Chambers of Commerce & Industry, which organised the conference, said 61 business persons representing sectors like cement, construction, electric cables, pharmaceuticals, chemicals, real estate, interior decoration, handicrafts and jewellery, hotel furniture and related equipment, and textile participated in the event.
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(MENAFN- Ameliorate Digital Consultancy)
The research report on the global UV Curable Resins provides the most up-to-date industry information on the current market state and future prospects. This report includes an analysis of the global market for UV Curable Resins, including market size, share, future growth, and cost structure, as well as statistical and comprehensive data. Strategists and industry participants may find the research useful in planning their future business plans. This market report contains everything you need to know about the UV Curable Resins. It includes current and recent market volumes for UV Curable Resins, past data, current market trends, and this aspect that is valuable and support to the business.
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Miwon Specialty Chemical
Nitto Denko Corporation
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UV Curable Resins Market Table of Contents:
Chapter 1. Report Overview
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Chapter 5. UV Curable Resins Market by End Users/Application
Chapter 6. COVID-19 Outbreak: Quantum Dots Industry Impact
Chapter 7. Opportunity Analysis in Covid-19 Crisis
Chapter 8. Market Driving Force
And Many More…
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(MENAFN- Morocco World News) Rabat - The US Congress has once again lent its support to Morocco in the so-called Western Sahara conflict, by way of its Omnibus Appropriations Bill for fiscal year 2018, passed on Thursday. Morocco's aid provisions in the Appropriations Bill, listed on page 1399, section (g), state: 'Funds appropriated under title III of this Act shall be made available for assistance for the Western Sahara' after consultation with the secretary of state, appropriations committee, and USAID administrator. This language reflects a bicameral nod to Moroccan authority in the conflict, through its reference to the the Western Sahara explicitly within the section for Morocco's provisions. Nearly identical iterations of this language can be found in previous appropriations bills from 2017, 2016, 2015, and 2014. These provisions reiterate the European Commission's recent decision to tacitly recognize Moroccan sovereignty through its inclusion of Western Saharan waters in its renewal proposal to the current Morocco-EU Fisheries Partnership Agreement. Maghreb Arab Press (MAP) reports that the appropriations bill also makes a 'thinly-veiled reference' to the Tindouf camps in Algeria with its mention of steps 'taken to strengthen monitoring of the delivery of humanitarian assistance provided for refugees in North Africa, including any steps taken to ensure that all vulnerable refugees are receiving such assistance.' This is the second time since FY2017 that the Appropriations Bill has called on the US state department to monitor the delivery of humanitarian aid to refugees in North Africa, echoing Morocco's calls to the international community to shed light on the embezzlement of humanitarian aid destined for the Tindouf"
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(MENAFN- KNN India)
Punjab Hosiery industry seeks ban on under-billed import of cloth from Bangladesh and China
Ludhiana, Jan 25 (KNN) The Punjab hosiery industry has urged the government to take steps to stop under-billed import of cloth from Bangladesh and China.
The textile and hosiery industrialist are worried over the dominance of Bangladesh and China in the Indian market. The local manufacturers are concerned over the regular, under-billed import of cloth, finished product and machinery from other countries, according to a report in the Tribune.
Speaking with The Tribune, President of Knitwear Club and Ludhiana Wool Manufacturers' Association, Darshan Dawar said, till date, only tall claims of bringing new industrial policy had been made and the industry was yet to benefit from any policy.
“The government is not taking any steps to stop China and Bangladesh from sending under-billed products. Their dominance has ruined the Indian market,” he said.
Dawar pointed out that Chief Minister Bhagwant Mann is today going to other states, asking businessmen to invest in Punjab, but he should take steps to save the local industry first.
“Machinery and products worth crores of rupees are being imported from other countries and local manufacturers are suffering,” he added.
Sudershan Jain from Oner said the local industry was never being taken into confidence before coming up with any new policy.
“The Production Link Investment Scheme, which is meant for bigger industries with investments of over Rs 100 crore, should also be introduced for smaller industries with investment of up to Rs 50 crore. GST should not be increased and the government should take our suggestions before announcing the budget,” Jain said.
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(MENAFN- UkrinForm) The Security Service of Ukraine has pressed criminal charges against the head of Russian Railways as an accomplice in Russia's full-scale invasion of Ukraine.
The SBU reported the news on telegram , Ukrinform reports.
'Evidence base has been gathered as regards the head of OJSC Russian Railways, who facilitated and continues to facilitate Russia's full-scale invasion of Ukraine,' the statement reads.
According to the inquiry, he organized the delivery by rail of Russian armored vehicles and personnel toward the state border of Ukraine and to the temporarily occupied areas. Read also: sbu detains russian fire spotter in kharkiv
To this end, he involved 185 Russian companies that provided their own rail passenger cars, tanks and platforms to cover the logistical needs of the invading force.
The National Security and Defense Council of Ukraine has imposed sanctions on the said entities.
According to the SBU, the official was charged under Art. 27 Part 5 and Art. 437 Part 2 of the Criminal Code of Ukraine (planning, preparation, initiation and waging of a war of aggression).
The suspect is facing up to 15 years in prison if found guilty.
As Ukrinform reported, in January, the SBU pressed charges against Russia's central bank governor Elvira Nabiullina over introducing a 'ruble zone' in the temporarily occupied areas of Ukraine.
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(MENAFN- The Peninsula) Doha: Some of the world's top athletes will feature in this week's QNB Asia Triathlon Cup Doha 2021, organisers Qatar Triathlon Federation (QTF) confirmed yesterday.
The two-day event – with $20,000 up for grabs in prize money - will be held at Lusail Marina where 59 athletes from 21 countries will cover World Triathlon's Olympic distances in swimming, cycling and running.
Hosts Qatar will also field five athletes at the Nov 26-27 event including the experienced Ebrahim Al Romaihi during the event that is part of the Continental Cup Series supported by World Triathlon, the global governing body.
This week's QNB Asia Triathlon Cup Doha 2021 will mark the return of the international triathlon events to Qatar for the first time since the Asian Games held in 2006.
The participating athletes will cover 1500 meters swim around the Yacht Club in Lusail Marina. This will be followed by a 40-km cycling phase that will end with athletes completing a flat 10-km run, Andre Filip, the Technical Secretary of QTF, said on Saturday.
The QTF official said on Saturday, around 250 local and regional triathlon enthusiasts will have their own event in which the participants will cover half the distance the international athletes are scheduled to tackle on Friday.
“The event on Saturday has been scheduled after witnessing the growing support triathlon has enjoyed in Qatar in recent years. During past Qatar League events, we've seen more and more people attending our competitions and showing interest in taking part,” said Filip.“Even during our local events, our participant list keeps growing,” he said.
“We would encourage people to come and watch the athletes in action this coming Friday and Saturday keeping in mind the MOPH's safety guidelines that will be enforced during the two-day competition,” he added.
The QNB Asia Triathlon Cup Doha 2021 is supported by event sponsors QNB, partners Qatari Diar, NTT, Rayyan Water, Sports Corner and Rasen Sports.
“I take this opportunity to thank our title sponsors Qatar National Bank for their support. I also thank our partners for backing this high-profile event,” Filip said.“We are also indebted to the Qatar Olympic Committee for their valuable support and backing for all of our events,” he said.
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(MENAFN- Newsroom Panama)
The Minister of Public Security gave few credible statements about narco politics. The official said he does not know who is involved in this type of crime, a confession as convenient as it is implausible. But, if you ignore it, the matter is worse, and it would explain why the police intelligence of this country is not reliable, at least for this purpose. The official is more likely to take refuge in his alleged ignorance than to admit what he knows since he must be aware that narco politics enjoys relationships and protection at the highest level, which is why his promise to bring those suspects - 'whoever let it be”- before authority is a promise that seeks to reassure, but unlikely. It's safer to end your days as a minister than to keep that promise. He described what happens with crime and the Government, but without providing solutions, He also knows that, whatever they may be, the last word on this issue is from the National Assembly, where narco politics has powerful allies. So, as much as he wants to, a single minister will never be able to eradicate organized crime from the government, especially if it is made up of white-collar gang members. – . LA PRENSA, Nov 24.
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(MENAFN- Gulf Times)
The Doha Metro network is ready to handle 500,000 expected daily passengers during the 2022 FIFA World Cup, which is nearly five to six times its current ridership, said HE the Minister of Municipality Dr Abdullah bin Abdulaziz bin Turki al-Subaie, who is also CEO of Qatar Rail.
Dr al-Subaie made the statement at Qatar Rail's town hall meeting on Tuesday titled 'Safe and Effective Crowd Management at Metro Stations.' He said more than 5,000 people have been mobilised to support in delivering the event, with 1,800 dedicated staff trained to manage crowds outside the stations.
Other measures include installing line barriers at all 37 stations, advanced monitoring systems for managing incidents and emergencies, and a minute-by-minute simulation model for ridership at each station, in addition to several other scenarios planned. The Supreme Committee for Delivery & Legacy (SC) director general Yasir Jamal said:“Last year, we tested the network with Qatar Rail and have broken records in some of the events such as at the Lusail Stadium, where Qatar Rail has been able to manage, safely and securely, up to 47,000 fans without any incidents.”
The exceptional performance level in those tests is, in part, the result of training more than 4,000 staff for almost 100,000 hours to date, which Keolis Group International CEO Bernard Tabary said“were trained to handle all sorts of situations and interactions with all sorts of passengers.” As for the security of passengers and fans during the tournament, director of Transportation Security Department at the Ministry of Interior, Lieutenant Colonel Salem al-Naimi, assured that all operational and security-related plans have been put in place in an integrated manner and have been designed to tackle all potential challenges ahead, including crowd management situations.
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(MENAFN- Asia Times) A government official from Quezon City hopes to establish a center for overseas Filipino workers (OFWs) that supports repatriated Filipinos.
As reported by the Philippine Canadian Inquirer , Joy Belmonte, vice mayor of Quezon City, said the OFW Center would assist repatriated Filipinos in finding livelihoods.
She said that most OFWs lack financial literacy, which is why they often lose their savings quickly after working abroad.
'Many OFWs go home and they do not know how to use the money that they have saved. Their funds get depleted; they do not know how to invest properly,' Belmonte said.
She called on the mayor of the city, Herbert Bautista, to implement the center to help the increasing number of Filipinos returning home under the government's repatriation program.
'This OFW Center has not yet been implemented. It requires the city mayor to implement it, so hopefully we would be able to do that,' she said.
Read: Typhoon victims in Philippines get aid from Kuwaiti group Read: Duterte meets Filipino workers repatriated from Kuwait The daily<> Must-reads from across Asia - directly to your inbox <> <> <> <> Philippines Overseas Filipino Workers Repatriation Herbert Bautista Quezon City Comments
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(MENAFN- Live Mint) "The National Company Law Tribunal (NCLT) issued a notice to the cash-strapped private airline SpiceJet on Thursday in an insolvency case initiated by Raymach Technologies Pvt Ltd, a business consultancy for the IT and aviation industries. Raymach Technologies claims it provided business-consulting and technical-support services worth ₹2.7 crore to the airline but hasn't been paid. The court deferred the case to January after calling for a response from SpiceJet Arora, representing Raymach, said the company had consistently provided technical support staff to SpiceJet over the past four years. He said invoices were regularly sent to the airline for the services rendered, which SpiceJet had not disputed. However, when Raymach initiated proceedings under the Insolvency and Bankruptcy Code (IBC), SpiceJet denied having availed of its services, he said. Arora presented various email exchanges between Raymach and SpiceJet, revealing that the airline had acknowledged the services provided tribunal, however, asked Raymach's counsel to remove from the petition invoices from the covid period, as no application to initiate insolvency proceedings could be admitted for a default that took place during the pandemic 2020 the government added Section 10A to the Insolvency and Bankruptcy Code (IBC), which prevented the filing of insolvency applications for defaults that occurred after March 25 that year. This restriction was initially for just six months but it could be extended up to a year, as notified by the authorities is facing numerous legal challenges, with four of its aircraft lessors – Aircastle Ireland Ltd, Willis Lease Corporation, Wilmington and Celestial – having already filed cases with the NCLT to initiate insolvency proceedings due to payment defaults. In August, SpiceJet allotted over 48 million shares to nine aircraft lessors to clear outstanding dues amounting to ₹2.31 billion (about $28 million).Media reports indicate that SpiceJet is seeking to raise about $100 million, with promoter Ajay Singh reportedly in talks with global credit funds.
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Acuvax secures funding for due diligence into micro payments company
() has executed an agreement for up to A$250000 of funding from a sophisticated institutional investor to complete due diligence related to the acquisition of micro payments company Activistic Pty Ltd.
The investment consists of two unsecured convertible securities of $150000 and $100000.
These 12 month convertible notes have a capitalised interest of 12% per annum.
In October the company entered into a binding heads of agreement to acquire all of the capital in Activistic for 16827780 post consolidation shares and three tranches of performance shares.
It also agreed to undertake both due diligence of the acquisition procedure and provide loan funds and working capital to enable Activistic to continue with its micro-donations app development and roll out of the process in both the UK and the U.S.
Activistic has delivered a new cost efficient collection system for charities and other not for profit organisations through a technology that enables regular payments or contributions utilising a mobile phone network.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia UK North America and Hong Kong / China.
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(MENAFN- UkrinForm) The heads of the foreign affairs committees of the parliaments of the NATO member countries have adopted a statement on support for Ukraine's membership in NATO.
Verkhovna Rada Chairman Ruslan Stefanchuk said this in a post on his facebook page, according to Ukrinform.
"The heads of the foreign affairs committees of the parliaments of the NATO member countries call on the Alliance and the heads of state and government to hold the Vilnius NATO summit in order to determine the path of Ukraine's accession to NATO and to provide clear and strong security guarantees for Ukraine," the speaker said.
According to him, the statement says that Ukraine's membership in NATO will strengthen stable peace in Europe and demonstrate that Russia does not have the right to veto the expansion of the Alliance, that Ukraine is free to choose which security and defense organizations to join.
In addition, the statement adds that the Euro-Atlantic values that unite NATO member states are primarily upheld and defended by the Ukrainian people, Ukraine is currently the guarantor of security, and Ukraine's membership in NATO will significantly strengthen the Alliance.
"We are sure that Ukraine's membership in NATO would greatly contribute to the security of the Alliance," Stefanchuk said, citing the statement.
Stefanchuk arrived on a working visit to the Lithuanian capital, Vilnius, to participate in a summit of the heads of parliaments of NATO member states.
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(MENAFN- Muscat Daily) Muscat- Sudan has captured the attention of Ithraa – Oman's inward investment and export promotion agency - as an emerging and growing market for Omani exporters.
Mr. Saif Al Mamari, Ithraa's Export Development Director led a team on an exploratory trade visit to Sudan, 10 - 11 December where he held meetings with government officials as well as representatives from the Sudanese business community.
The aim of the mission was to explore trade relations between Oman and Sudan and for Ithraa management to strengthen their knowledge of the many and growing commercial opportunities in Sudan.
'The exploratory trade mission to Khartoum was exciting giving my team the opportunity to see firsthand the opportunities Sudan offers Omani exporters. Indeed, we look forward to building a lasting trade relationship with Sudan that brings benefits to both our countries,' explained Mrs. Nasima Al Balushi, Ithraa's Director General for Export Development & Acting Director General for Investment Promotion.
According to United Nations data, foreign direct investment in Sudan fell from US$2.3bn in 2010 to US$1.3bn in 2014, before recovering to US$1.7bn in 2015. However, highlighting the country's potential growth sectors, Mrs. Al Balushi explained: 'We've recently seen significant European, Arab and Chinese investment going onto Sudan, particularly in oil, lubricants and pharmaceuticals. Away from oil, agriculture and livestock also offer exciting opportunities for Sudan's economic diversification – a sector that could potentially contribute to the country's medium-term macroeconomic stability.'
The Ithraa team also participated alongside three Omani companies at the Arab-African Conference for Pharmaceutical Industries & Medical Supplies 12 - 14 December in Khartoum.
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Roy and Mabel Mosher will be celebrating their 70th Wedding Anniversary on Friday, Nov. 20 with a small family gathering at Emmanuel Nursing Home.
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(MENAFN- IANS) Mumbai, June 3 (IANS) Actor Aniruddh Dave is hosting 'Siikho' along with actress Paridhi Sharma, and said that the show will surely be one that students will follow closely.
"Siikho is the biggest edutainment, infotainment show because today the biggest challenge for the kids after 12th is to choose a career. It's a dilemma for the kids," he said.
"So, we have come up with a show 'Siikho, Bhavishya Naye Bharat Ka' which is conceptualised and produced by Vishal Salecha. When Vishal told me about this I was very happy."
"And this includes study and knowledge about 52 different careers/professions where the experts from each field would come, be it IIT/IIM, doctors, pilots, chef, UPSC, Law, Army, Navy and many more. I really enjoyed hosting, chatting with all of them," he said.
He added: India's education system is very good and growing. We have many more chances and challenges ahead. With so many opportunities, how to move ahead with jobs, careers, education, everything is confusing. This show is all about solving that. And this will be a very big show which is helpful not only to the youngsters but also growing adults, parents too in an informative and entertaining way."
Talking about working with Paridhi, he shared: "As a co-anchor, the way Paridhi handles everything is amazing, her aura, her charm is always up to the mark. And for such shows, Paridhi is the best find who has immense interest and knowledge. I feel that she is a good choice of producers."
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(MENAFN) As the conflict between Israel and Hamas continues to escalate, nearly 1.9 million Palestinians, representing approximately 85 percent of the Gaza population, find themselves displaced, according to recent data from the United Nations. The aftermath of a deadly Hamas attack on October 7 triggered a massive Israeli air and ground offensive aimed at eliminating the Gaza-based militant group. The toll on civilians has been devastating, with over 17,000 Palestinians, including more than 7,100 children, reported dead by local officials.
Amid the intensifying offensive, Israel has issued evacuation orders for Gaza civilians to designated "safe areas." However, as the conflict expands, the local population expresses doubt about finding genuine refuge. Reports from Palestinian refugees highlight the challenges they face, with one individual sharing that his family attempted to seek shelter in a school, only for it to be bombed by Israel, leaving them with no choice but to reside on the streets.
Speaking to RT, the refugee described dire living conditions, emphasizing the lack of water and food. He recounted the oppression and humiliation experienced by his family, highlighting the struggle to secure even basic necessities. His wife echoed the distressing reality, sharing her daily tears over the uncertainty of her family members' well-being. With pervasive fear and terror, compounded by the unavailability of food, the plight of Palestinian families underscores the urgent need for international attention to address the escalating humanitarian crisis in the region.
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(MENAFN- The Rio Times) The U.S. dollar is declining in the foreign exchange market, influenced by the weak DXY index and rising oil prices.
Petrobras' ADRs in New York have risen, contributing to the dollar's weakening against the Brazilian real. Additionally, economic updates from China are impacting the market.
The People's Bank of China (PBoC has kept its Loan Prime Rates steady for the third month.
This stability and improved Chinese consumer sentiment and government infrastructure projects have boosted Chinese stock markets.
Brazil's future interest rates are experiencing a rise, with limited market liquidity due to a state holiday in São Paulo.
The economic agenda is modest, and fiscal concerns are prevalent.
Investors are focusing on upcoming legislative developments in Brazil, including a bill on taxing offshore funds and the Budget Guidelines Law.
Senator Randolfe Rodrigues has proposed an amendment to the LDO, aiming for a 0.6% real increase in federal spending above inflation.
The Focus Bulletin reports a slight decrease in next year's inflation forecast for Brazil.
The inflation projection for 2023 has also dropped, remaining within the Central Bank's target range.
The dollar shows a minor decline against the peso in emerging markets in Argentina.
President-elect Javier Milei's plans for state reform and addressing the Leliqs issue are key factors.
Chile's Central Bank reports a GDP growth, pulling the country out of a technical recession. This growth is a positive sign for the Chilean economy.
As of Monday morning, the spot dollar in Brazil shows a slight decline, indicating market responses to these various global economic factors.
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Statistics Ministry to launch survey on Qatar's competitiveness
(MENAFN- Gulf Times) The Ministry of Development Planning and Statistics (MDP & S), in collaboration with the Institute for Management Development (IMD) in Switzerland will be carrying out the 'Executive Opinion Survey throughout February & March 2018. The survey data will provide qualitative analysis about economic policy, regulations and various aspects of the business environment which influence the nation's competitiveness ranking.
The 2018 IMD World Competitiveness Report, scheduled for release in June, will measure strengths and weaknesses in Qatar's economic environment and compare these with other nations.
HE the Minister of Development Planning and Statistics Dr Saleh Mohamed Salem al-Nabit said that: 'The report will help identify areas where competitiveness could be improved, as well as provide important information for prospective investors and the general public.
Qatar ranked 17th (out of 63 countries) in the 2017 Competitiveness Yearbook.
The high ranking stems from the strong macroeconomic performance of the Qatari economy coupled with the ongoing reforms and modernisation of government institutions.
The Ministry of Education and Higher Education and the University of Calgary (UCQ) have signed a new five-year co-operation agreement to mark the 10 years of partnership between the State of Qatar and the University granting bachelor's degrees in nursing.
The agreement was signed by HE Dr Mohamed Abdul Wahed Ali al-Hammadi, Minister of Education and Higher Education and Dr Elizabeth Cannon, president of the University of Calgary, Canada.
The undersecretary of the Ministry of Education Dr Ibrahim al-Nuaimi said that the agreement will achieve the goals set out in the Qatar National Vision 2030 and the National Health Strategy.
The Vice-President (Academic) of the University of Calgary Dr Dru Marshall said: 'Qatar has demonstrated great leadership and keenness on the welfare of its citizens, which makes us proud to be part of the progress of the education and healthcare sector in the country.
UCQ opened its doors in 2007 and provides leadership development programmes for nurses to work within Qatar's healthcare system.
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(MENAFN- Daily News Egypt) Yahya Aboul Fatouh, vice chairperson of the National Bank of Egypt (NBE) and Mona Mehrez, deputy minister of agriculture for livestock, fisheries, and poultry development affairs, signed a cooperation protocol to provide financing services for livestock development projects, including foraging or dairy production and helping to expand the importation of high genetic traits that improve the output of projects.
According to Mehrez, this protocol comes within the framework of the Ministry of Agriculture€™s interest in implementing the government€™s plan and directives of the political leadership to support and develop livestock, fish, and poultry in Egypt to provide a multi-source protein at low prices and high quality.
She added that the protocol includes the provision of financial and technical services necessary for livestock projects, in order to contribute to financing the purchase of strains with high genetic characteristics, both in the production of milk or meat.
According to Aboul Fotouh, this protocol comes to emphasise the bank€™s implementation of its strategy to support and finance small and medium enterprises, particularly agricultural and livestock development.
He explained that the protocol aims at providing the necessary funding for livestock development projects for the production of meat or dairy, which have been approved by the ministry, in order to ensure the rapid implementation of these projects, marking an added value at the level of the national economy and positively reflected on bridging the food gap.
He added that the bank€™s financing of these projects comes within the framework of the CBE€™s initiative to finance small projects, if the conditions of the initiative are available, or any of the other concessional financing programmes available at the bank.
For his part, Saad Mohy El Din, general manager of the Small and Medium Enterprises Financing Sector at NBE, revealed that the bank has pumped EGP 1.2bn to finance 7,400 livestock, poultry, and fish projects.
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The retailer announced 4 promotional campaigns covering approx. 1650 essential commodities. The first promotional campaign started on June 2, 2023, and will end on June 11
Dubai-based retailer 'Union Coop' recently announced a promotional campaign for June 2023 to reduce the prices of several essential food and non-food products.
The promotion started at the beginning of June and will continue until the end of it, with discounts of up to 70% on wide range of selected items. This is in line with its strategic goals and ongoing commitment to launch community initiatives aimed at making consumers happy, meeting their requirements, and providing them with high-quality products at competitive prices.
The June campaigns will be available in all branches of the cooperative, as well as on their website and smart online store (application). The selected discounted products will be promoted in its regular magazines and through advertising and media channels affiliated with the cooperative, so that all members of the community can benefit from them. The cooperative also plans to continue its campaign of locked prices for the most consumed goods and materials, such as vegetables, rice, sugar, oil, which will continue until next September.
The first promotional campaign started on June 2, 2023, and will end on June 11, focusing on fast-moving goods by consumers, as well as travel needs, electronics, and other food and non-food items that are of interest to consumers. In addition to the discount campaigns that will be launched in conjunction with the Eid al-Adha holiday. The Cooperative prioritizes the consumer and seeks to meet their requirements by launching discount campaigns in all its branches and centers spread across Dubai throughout the year. This is part of a carefully planned marketing strategy to delight consumers and provide them with a wide range of purchasing options at competitive prices.
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(MENAFN- UkrinForm) Approval of a bill to raise the age of contract soldiers in the Russian army to 70 years is unlikely to increase Russia's combat capability.
The British Ministry of Defense reported this on social networking site X, Ukrinform reported.
Russia is proposing draft legislation to raise the age of military contract personnel, including those that were recruited before June 2023, to age 65, and age 70 for officers.
According to intelligence experts, this would substantially raise the current age limit of 51 for non-officers and would likely extend the contract length.
The pre-war 2021 life expectancy for Russian males was 64.2 according to the World Data website. Therefore, this measure confers on these service personnel, in effect, a lifetime contract.
Russia stepping up militarization of higher education - British intelligence
“Although this measure will likely alleviate the need for additional mobilisation, increasing the number of military personnel aged over 51 is highly unlikely to increase Russia's combat effectiveness, particularly in kinetic assaults”, the report says.
As reported, in a previous report, British intelligence noted that the opening of the Institute of World Military Economics and Strategy at the Moscow Higher School of Economics indicates closer cooperation between Russian academia and the defense sector.
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