EB5 Capital Litigates USCIS’ Recent EB-5 Filing Fee Increases

WASHINGTON, April 29, 2024 (GLOBE NEWSWIRE) — On April 22, 2024, EB5 Capital, along with Invest in the USA (IIUSA), the national EB–5 trade association serving the majority of active Regional Centers, and ten other Regional Centers, filed a lawsuit against the United States Citizenship and Immigration Services (USCIS). The lawsuit, Civitas Capital Group et al. vs. USCIS et al., was filed in the District Court for the Northern District of Texas and challenges the “Final Rule” issued by the Department of Homeland Security (DHS) that concerns government filing fees for EB–5 related petitions.

The Final Rule issued by DHS on January 31, 2024, which went into effect on April 1, 2024, revised USCIS’ filing fees for all petitions and applications adjudicated by the agency. Civitas Capital Group et al. vs. USCIS et al. argues that the fee increases for EB–5 related petitions in this Final Rule are far greater both in dollar amounts and in percentage increase compared to any of the other increases in filing fees announced in this rule. “It is essential that USCIS abide by the rule of law in promulgating regulations. Its ongoing failure to do so diminishes the impact and integrity of the EB–5 Program,” commented Lulu Gordon, General Counsel for EB5 Capital. The lawsuit argues that the new fee structure violates several federal laws, including the EB–5 Reform and Integrity Act of 2022 (RIA), the Regulatory Flexibility Act (RFA), the Immigration and Nationality Act (INA), and the Administrative Procedure Act (APA), as well as internal guidelines established by the Office of Management and Budget (OMB).

“These increased fees are unreasonable and will burden our current and future investors,” said Ishaan Khanna, EB5 Capital’s Director of Business Development. Ishaan Khanna’s non–profit organization, The American Immigrant Investor Alliance (AIIA), which advocates for EB–5 investors’ rights, previously filed a similar lawsuit against USCIS in March.

For more information, a copy Civitas Capital Group et al. vs. USCIS et al. is available here.

About EB5 Capital

EB5 Capital provides qualified foreign investors with opportunities to invest in job–creating commercial real estate projects under the United States Immigrant Investor Program (EB–5 Visa Program). Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. As one of the oldest and most active Regional Center operators in the country, the firm has raised over $1 billion of foreign capital across approximately 40 EB–5 projects. 100% of our investors’ funds are protected by the Federal Deposit Insurance Corporation (FDIC) insurance prior to their deployment into our projects. Please visit www.eb5capital.com for more information.  

Contact:
Katherine Willis
Director, Marketing & Communications
media@eb5capital.com


GLOBENEWSWIRE (Distribution ID 9107671)

Arqit announces collaboration to deliver out-of-the-box post-quantum cryptography solutions

LONDON, April 29, 2024 (GLOBE NEWSWIRE) — Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum–safe encryption, today announced the creation of the World’s First Quantum–Safe, 1.89 Tb IPsec products collaborating with Intel.

Arqit and Intel have joined forces for out–of–the–box post–quantum cryptography solutions using Arqit’s Symmetric Key Agreement Platform (SKA–Platform™) running on Intel Xeon Scalable processors. Combining Intel technologies with Arqit's SKA–Platform™ achieves high–performance IPsec encryption, protecting against quantum attacks without compromising speed. 

To find our more, join the Intel and Arqit webinar on 30th April 2024 REGISTER

David Williams, Arqit Founder, Chairman and CEO said:
“Our collaboration with Intel delivers the groundbreaking introduction of the world’s inaugural quantum–safe, 1.89 Tb IPsec solution. Cyber threats continue to become more sophisticated, including the imminent advent of quantum computing, enterprises seek robust defences. Our joint effort with Intel provides off–the–shelf products that not only harden networks but also make them quantum–safe whilst adhering to core standards like RFC 8784.”

Notes to Editors

Arqit representatives will be attending RSA (6–9 May 2024) and will be available for interview. www.rsaconference.com/usa.

Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. 

About Arqit

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) supplies a unique encryption software service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Compatible with NSA CSfC Components and meeting the demands of NSA CSfC Symmetric Key Management Requirements Annexe 1.2. and RFC 8784, Arqit’s Symmetric Key Agreement Platform uses a lightweight software agent that allows end point devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and facilitate Zero Trust Network Access. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The product sits within a growing portfolio of granted patents. It also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. Arqit is winner of two GSMA Global Mobile Awards, The Best Mobile Security Solution and The CTO Choice Award for Outstanding Mobile Technology, at Mobile World Congress 2024, recognised for groundbreaking innovation at the 2023 Institution of Engineering and Technology Awards and winner of the National Cyber Awards’ Innovation in Cyber Award and the Cyber Security Awards’ Cyber Security Software Company of the Year Award. Arqit is ISO 27001 Standard certified. www.arqit.uk

Media relations enquiries:
Arqit: pr@arqit.uk

Investor relations enquiries:
Arqit: investorrelations@arqit.uk   
Gateway: arqit@gateway–grp.com   

Caution About Forward–Looking Statements

This communication includes forward–looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward–looking statements. These forward–looking statements are based on Arqit’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit’s control. Forward–looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward–looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward–looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit’s future performance and cause results to differ from the forward–looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against the Arqit, (ii) the ability to maintain the listing of Arqit’s securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit’s business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to successfully deliver its operational technology, (vi) the risk of interruption or failure of Arqit’s information technology and communications system, (vii) the enforceability of Arqit’s intellectual property, and (viii) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward–Looking Statements” in Arqit’s annual report on Form 20–F (the “Form 20–F”), filed with the U.S. Securities and Exchange Commission (the “SEC”) on 21 November 2023 and in subsequent filings with the SEC. While the list of factors discussed above and in the Form 20–F and other SEC filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward–looking statements.

 


GLOBENEWSWIRE (Distribution ID 9107084)

WHO Africa Advances African Science by Promoting Peer-Reviewed Research

The WHO’s Africa office has published research in 25 peer-reviewed journals in attempt to address the imbalance of research as part of the 2030 SDG agenda, which is to ‘leave no-one behind,’ and a move toward universal health coverage. Credit: WHO

The WHO’s Africa office has published research in 25 peer-reviewed journals in attempt to address the imbalance of research as part of the 2030 SDG agenda, which is to ‘leave no-one behind,’ and a move toward universal health coverage. Credit: WHO

By Maina Waruru
NAIROBI, Apr 29 2024 – The World Health Organization’s African regional office and partners published over 25 peer-reviewed articles in scientific journals in 2023 as part of efforts to address the imbalance in global research and ensure that Africa was better represented in the production of health research academic literature, a new report shows.

The office, through its Universal Health Coverage, Communicable and Non-Communicable Diseases (UCN) Cluster, published on a range of health challenges and diseases, including the risk of zoonotic disease in countries ranging from Uganda, Malawi, Tanzania, Ghana, and Nigeria, investigating infectious and non-infectious diseases, and public health approaches to ease Africa’s disease burden.

This research is critical to the continent, says Africa’s Regional Director, Dr. Matshidiso Moeti.

“The WHO African Region arguably bears one of the greatest burdens of disease globally. This has always been exacerbated by poverty, which, in the decade prior to COVID-19, was on the decline. Now, however, these gains have been reversed, not only by COVID-19 but by a series of severe shocks during the 2020–2022 period,” said Dr. Matshidiso Moeti, the Regional Director for Africa,” she told IPS.

“Major threats include climate change, global instability, slowing economic growth, and conflict. This makes it ever more important that we at the WHO Regional Office for Africa focus on the central promise of the 2030 SDG agenda, which is to ‘leave no one behind’, using a health systems strengthening approach to move towards universal health coverage.”

According to the Ending Disease in Africa: Responding to Communicable and Noncommunicable Diseases 2023 report released in April, WHO scientists were able to publish their work in reputable journals, including the Social Sciences and Humanities Open, supporting Africa’s efforts to raise her scientific research production, estimated at only 2 percent of the world’s total.

The works also found homes in open access journals, including America’s Public Library of Science (PLOS), where they are accessible for free by the scientific community and the general public.

Besides Africa-based scientific publications such as the Nigerian Journal of Parasitology, highlighting the need to support the role local publications can play in elevating African science and, by extension, helping address imbalances in global research.

“A country’s ability to create, acquire, translate, and apply scientific and technological advancements is a major determinant of its socioeconomic and industrial development. Many of Africa’s current and future health challenges can only be addressed by conducting research on population-based approaches towards effective disease prevention and control, which are then translated into policy and practice,” the report noted in introducing the work.

“Despite Africa’s disproportionate burden of disease, the region produced 0.7 percent of global research in 2000, 1.3 percent in 2014 and an estimated 2 percent more recently. In response, the UCN Cluster and partners published over 25 peer-reviewed articles in scientific journals in 2023 as part of efforts to address the imbalance in global research, and ensure regional representation in academic literature.”

According to the Ending Disease in Africa Responding to Communicable and Noncommunicable Diseases WHO scientists were able to publish their work in reputable journals supporting Africa's efforts to raise her scientific research production, estimated at only 2 percent of the world's total. Credit: WHO

According to the Ending Disease in Africa: Responding to Communicable and Noncommunicable Diseases, WHO scientists were able to publish their work in reputable journals, supporting Africa’s efforts to raise her scientific research production, which is estimated at only 2 percent of the world’s total. Credit: WHO

In Ghana, the WHO team conducted a “community-based cross-sectional study” to investigate occurrences of skin ulcers, whose findings showed the importance of integrating multiple skin diseases on a common research platform in findings published by PLOS One, while in Tanzania, a “spatio-temporal modelling” of routine health facility data to better guide community-based malaria interventions on the mainland was done.

Some of the papers the WHO-Africa says were examples of “operational and implementation research,” conducted to identify and ensure the successful adoption and adaptation of evidence-based interventions in both clinical and public health on the continent.

They include findings from an impact assessment of a school-based preventive chemotherapy programme for neglected tropical diseases (NTDs), schistosomiasis, and soil-transmitted helminth control in Angola, where used drugs were found to have little impact in controlling the diseases. These findings were published in PLOS Neglected Tropical Diseases.

“This highlighted the need for a comprehensive understanding of individual, community, and environmental factors associated with transmission and consideration for a community-wide control programme,” it concluded.

The Springer Nature’s Malaria Journal published the team’s research on treatment-seeking behavior among parents of children with malaria-related fever in Malawi. It captured  the need for targeted health interventions among communities in low socioeconomic settings and those living far from health facilities.

In Nigeria, an article based on experiences in Nigeria using a novel schistosomiasis community data analysis tool, developed by the UCN Cluster, emphasized the usefulness of the tool for strategic planning purposes, allowing the tool to be deployed around Africa for the management of the disease. Blood flukes (trematode worms) from the genus Schistosoma are the primary cause of the acute and chronic parasitic disease schistosomiasis.

Research on health policy and systems, the aim being to better understand how “collective health goals” are reached. This was done through a range of disciplines, including economics, sociology, anthropology, political science, and public health.

One such journal article was published by  Elsevier’s Social Sciences and Humanities Open, looking at five decades of infectious disease outbreaks on the continent and recommending  that concerted public health action may help reduce outbreaks, as well as drawing important conclusions for disease preparedness and prevention activities.

Quite critically, the experts undertook “knowledge translation” work, the application of knowledge by various actors to deliver the benefits of global and local innovations in strengthening health systems and improving health.

“In the African context, knowledge translation generally includes an aspect of localization, considering local perspectives and approaches and the effects of the social, cultural, political, environmental, and health system context on an intervention’s impact,” the experts explain.

In 2023, the UCN Cluster translated and localized several global knowledge products for use in Africa, including one on oral diseases, a malady suffered by about 44 percent of the population in the region.

Africa, the document observes, has experienced the “steepest rise globally in oral diseases over the last three decades,”  even as spending on treatment costs remains “extremely low,” thus the need to share the newest information on their management.

Away from scientific research, the report reveals that Mauritius became the first country in Africa to fully implement WHO’s package of tobacco control measures, while at the same time WHO-Africa launched an initiative to support better access to breast and cervical cancer detection, treatment, and care services in Côte d’Ivoire, Kenya, and Zimbabwe.

Equally important, WHO Africa, in collaboration with Nigerian authorities, introduced the human papillomavirus (HPV) vaccine into routine immunization schedules, targeting more than 7 million girls, the largest number in a single round of HPV vaccination in Africa.

Success stories emerged in Algeria, which successfully ‘interrupted’ the transmission of schistosomiasis after reporting zero indigenous cases for the past three years, in January 2024, and in Cape Verde, which became the third country to be certified as malaria-free.

Note: This article is brought to you by IPS Noram in collaboration with INPS Japan and Soka Gakkai International in consultative status with ECOSOC.

IPS UN Bureau Report

 


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Education Cannot Wait Interviews Amy Clarke, Co-Founder and Chief Impact Officer for Tribe Impact Capital LLP

By External Source
Apr 29 2024 (IPS-Partners)

 

Amy Clarke is Co-Founder and Chief Impact Officer of the multi award-winning Tribe Impact Capital, a dedicated impact wealth manager and B Corps, based in London. She has over 29 years of experience in sustainability, both leading in-house teams (Microsoft and Bank of America) and as a management consultant specialising in climate and sustainability (PwC and EY). Amy serves as a Trustee to B Lab UK and is also an Advisor to fellow B Corps, Greenheart Consulting and Black Seed Ventures. She sits on the Global Steering Group of the Global Ethical Finance Initiative (GEFI) and the Investment Committee of The Blue Cross (having previously served as a Trustee). Amy has both BSc and MSc degrees in environmental studies. In her spare time, she serves as Head of Catering and Entertainment for her three-legged rescue Staffordshire Bull Terrier.

ECW: Education Cannot Wait and Tribe Impact Capital share a joint ambition to ensure children impacted by armed conflicts, climate change and other protracted crises can realize their potential through a quality education. How can our two organizations work together to make this goal a reality?

Amy Clarke: Education Cannot Wait (ECW) is on the ground fighting for the educational rights of children around the world who are placed in harm’s way. These vulnerable children face a reality filled with instability and uncertainty – an unacceptable condition for any child’s upbringing. As ECW works tirelessly to address the immediate educational needs of these children, it’s crucial we also forge a path toward a future that promises fairness, justice and equity.

At Tribe Impact Capital, we recognize the transformative power of responsible investment. The finance sector plays a pivotal role in shaping global economies and societies by investing in businesses and governments around the world. Through impactful investment strategies, we can seed the conditions for a sustainable, resilient and regenerative future.

Together, our organisations can explore the development of innovative financial instruments that can support the work of ECW today, while also preparing for a stable, thriving future. By leveraging our expertise in impact investing alongside ECW’s on-the-ground insights, we can work towards an integrated solution that not only educates children today, but also equips them to lead tomorrow.

ECW: Tribe Impact Capital is focused on ‘Changing Wealth Management for Good’. Can you explain how you do this, why it’s important to think sustainably when investing, and why Tribe Impact Capital puts girls and women first in everything you do?

Amy Clarke: Tribe was established to help wealth owners reconnect their values with their capital, and to deliver a more holistic risk-based approach to the management of wealth, all wrapped up in a mission-driven model – a B Corporation.

We are committed to demonstrating that wealth can simultaneously generate positive financial returns and tangible social and environmental impact. This commitment is integral not only to reduce potential risks within investment portfolios, but also to addressing broader challenges facing people and planet. Tribe was established to show what was possible when you build a mission-driven business from cradle to crave – from how it’s governed, to how it invests, to how it advocates for change. We’re not perfect, but we’re built to serve a broad group of stakeholders, and we’re committed to being a better version of ourselves every day. Our desire to succeed is firmly rooted in our mission. We passionately believe that there is more to wealth than money and that finance can be a force for good.

Our emphasis on empowering women and girls stems from an acute awareness of the persistent inequalities within the financial system. The finance sector lacks diversity across the board, and, for women, this often looks like disparities in career opportunities as well as challenges accessing investment resources that resonate with their goals and values. We know women are interested in sustainable and impact investing. As an example, a recent Lombard Odier survey of their female clients and business partners showed a clear preference for sustainable investments among women. Not supporting this preference hinders broader societal progress. We are a gender diverse business and are committed to the work we do to support female wealth holders. Half of our clients are women, and that’s a statistic we are proud of.

ECW: You are a leader within the B Corp movement, a network of businesses that use business as a force for good. Can you tell us more about the B Corp movement, how its members are driving change, and why purpose-driven B Corps should partner with an organization like ECW?

Amy Clarke: B Corporations believe that business should be a force for good – we are mission-driven businesses. We serve a broader community of stakeholders, not just shareholders, who have vested interests in our business – whether that’s our employees, our suppliers, or the communities who depend on us to do our jobs well. We believe people and the planet are as important as profit. In fact, profit can only truly be generated when people and the planet are factored into the decision-making process and given equal weight. Businesses that extract more value than they create cannot be truly sustainable. Running your business with a clear sense of purpose and mission opens up exciting opportunities for innovation and growth. And with that in mind, why wouldn’t the B Corps community stand shoulder to shoulder with ECW – we’re the same breed!

ECW: You have a strong background in environmental science, with some 30 years of experience in corporate sustainability and impact investing. How can we connect education action with climate action to deliver on the targets outlined in the Paris Agreement and Sustainable Development Goals?

Amy Clarke: Nelson Mandela famously stated that education is the most powerful weapon we can use to change the world. This rings especially true in the context of the climate crisis. To navigate and mitigate the complexities of climate change, we must educate people not only about the challenges but also about the practical solutions they can implement. That said, the way we educate people is profoundly important. As the saying goes, knowledge is silver but true wisdom is gold. We have to teach people how to think, not just what to think. Intellectual curiosity is what has led us to some of the most spectacular innovations in human history. But it is wisdom that has helped prevent us falling into the precipice. If we are to tackle the climate crisis, how we educate, where we educate, and what we teach will define whether we succeed or fail.

ECW: We all know that ‘leaders are readers’ and that reading skills are key to every child’s education. What are three books that have most influenced you personally and/or professionally, and why would you recommend them to others?

Amy Clarke: Gosh, there are far too many to write about here!

I’d have to choose a book from my childhood for my first book and that would be Tolkien’s The Hobbit and The Lord of the Rings trilogy. I first read them when I was about 11 and was completely struck by two of the messages in those books. First, you are never too small to have an impact. As Dame Anita Roddick famously said: “if you think you’re too small to have an impact, try going to bed with a mosquito in the room”. The second is that hope is never lost. You may struggle to find it, but it’s always out there. You just have to believe. And look. Those are such important lessons for children to learn.

The second would be Parable of the Sower by Octavia Butler. It is unbelievably prescient, a little bit disturbing and really gets you thinking about the human condition. It is also just an excellent book written by a hugely talented woman.

And the final would be the one I am reading at the moment, The Master and His Emissary by Iain McGilchrist. It’s up there with Straw Dogs by John Gray as something that will challenge everything you ever thought. It’s an utterly fascinating and thought-provoking masterpiece on the brain, spirituality and the human condition. And a must read if we are to truly understand ourselves as a species and why we do what we do.

 


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سوق السفر الرائد WINGIE يوسع خدمات حجز رحلات الطيران إلى الهند

دبي، الإمارات العربية المتحدة والرياض، المملكة العربية السعودية،, April 29, 2024 (GLOBE NEWSWIRE) — تعلن WINGIE، الشركة الرائدة في تقديم خدمات حجز رحلات الطيران عبر الإنترنت في أوروبا والشرق الأوسط وأفريقيا ومنطقة رابطة الدول المستقلة (EMEACIS)، عن توسيع نشاطها إلى سوق جديد مهم وهو الهند. يمثل هذا التوسع خطوة مهمة بالنسبة لشركة WINGIE، والتي دفعتها نجاحاتها في منطقة الشرق الأوسط وشمال أفريقيا، والتزامها بتوفير تجربة حجز طيران سهلة وسلسلة للمسافرين في جميع أنحاء العالم. من خلال إطلاق منصة محلية مخصصة للهند، ستلبي WINGIE الطلب المتزايد على خدمات حجز الطيران عبر الإنترنت في سوق شبه القارة الهندية.

بعد نجاحها في منطقة الشرق الأوسط وشمال أفريقيا، تقدم WINGIE تجربة حجز طيران سلسلة لجنوب آسيا

ستوفر المنصة المحلية الجديدة تجربة مخصصة للمستخدمين في الهند. وذلك من خلال مراعاة الثقافة والتفضيلات المحلية، بالإضافة إلى عرض الأسعار بالعملة المحلية، مما سيؤدي إلى تسهيل عملية الحجز للمستخدم. تولي WINGIE تجربة المستخدم أهمية كبرى من خلال توفير معلومات الرحلات المتاحة بسهولة والقيام بالحجز ببضع نقرات. بالإضافة إلى ذلك، تعرض WINGIE رحلات وشركات طيران مخصصة للمسافرين في تلك المنطقة والتي تحظى بشعبية كبيرة لديهم. كما تقدم خيارات عديدة من طرق الدفع الآمنة المستخدمة عادة، مما يبسط عملية الحجز للمستخدمين المحليين.

في هذا السياق قال تشاغلار إيرول، الرئيس التنفيذي لشركة WINGIE: “دخولنا في السوق الهندي يعد توسعًا استراتيجيًا يعكس رسالتنا في جعل السفر أكثر سهولة وتخصيصًا.” وأضاف “حماسنا يتجاوز مجرد الدخول إلى أسواق جديدة – فمن خلال إنشاء منصات محلية، فإننا لا نقوم بتسهيل حجوزات الطيران فحسب، بل نتيح للأفراد في هذا البلد إمكانية استكشاف العالم بسهولة وثقة.”

عن مجموعة Wingie Enuygun

تركز مجموعة Wingie Enuygun بشكل رئيسي على حجوزات تذاكر الطيران التي تتم على مواقعها على الإنترنت wingie.com، sa.wingie.com، wingie.ae وenuygun.com، وهي منصة سفر رائدة في منطقة الشرق الأوسط وشمال أفريقيا. أصبحت مجموعة Wingie Enuygun أحد أكثر اللاعبين ابتكارًا في مجال السفر في منطقة الشرق الأوسط، وشمال أفريقيا من خلال نهجها في قيادة التطور التكنولوجي والتفكير الرقمي في تحول صناعة السفر. ويعد موقع wingie.com منصة رائدة لحجز تذاكر الطيران وخدمات السفر الأخرى، بهدف تحسين تجربة المستخدم من خلال تقديم أفضل الخيارات. ويتوفر موقع wingie.com بست لغات، ويوظف أكثر من 300 موظف، كما يبلغ عدد زوار المنصة حوالي 165 مليون زائر سنويًا.

 Contact: marketing@wingie.com


GLOBENEWSWIRE (Distribution ID 1000947460)

Leading Travel Marketplace WINGIE Expands Flight Booking Services to India

DUBAI, United Arab Emirates and RIYADH, Saudi Arabia, April 29, 2024 (GLOBE NEWSWIRE) — WINGIE, the leading OTA in Europe, the Middle East, Africa, and the Commonwealth of Independent States (EMEACIS) region, announces its expansion into a new key market – India. This expansion marks a significant step for WINGIE, driven by the company's success in the MENA region and its commitment to providing a seamless and user–friendly flight booking experience for travelers across the globe. With the launch of a dedicated local platform for India, WINGIE will cater to the growing demand for online flight booking services in this dynamic Indian subcontinent market.

Building on MENA Success, WINGIE Brings User–Friendly Booking Experience to South Asia

New localized platform will provide a tailored experience for Indian users. Adapting to local culture and preferences, while displaying prices in local currency will simplify the process. WINGIE prioritizes user experience by offering readily available flight information and user–friendly booking. Additionally, personally curated flight options and airlines that are most popular with travelers in that region are readily available. WINGIE also offers several secure payment methods commonly used, streamlining the booking process for local users.

“Our venture into the Indian market is a strategic expansion that reflects our mission to make travel more intuitive and personalized,” said Çağlar Erol, CEO of WINGIE. “Our excitement is beyond just reaching new markets — by establishing localized platforms, we are not just facilitating flight bookings, we anticipate empowering individuals in this country to explore the world easily and confidently.”

About Wingie Enuygun Group

Wingie Enuygun Group is a popular travel marketplace in the MENA region focusing mainly on flights operating under wingie.com, sa.wingie.com, wingie.ae and enuygun.com domains. The company offers various products including flights, bus tickets, hotels, and rental cars. Wingie Enuygun Group has been one of the most innovative players in the MENA online travel space, to pioneer technological developments and lead the transformation of the travel industry with the approach of thinking digitally. Wingie.com is a leading flight booking platform with its inclusion in the development of virtual interlining for flights, offering a diverse range of airline tickets and other travel content to enhance the user experience by providing the best options.

Wingie.com is available in 6 languages, employs over 300 people, and has around 165 million visitors to its platforms annually.

Contact: marketing@wingie.com


GLOBENEWSWIRE (Distribution ID 1000947460)

Latin America’s Shifting Demographics Could Undercut Growth

Credit: andresr /istock by GettyImages via IMF

By Gustavo Adler and Rodrigo Valdés
WASHINGTON DC, Apr 29 2024 – Latin America’s workforce grew by nearly 50 percent in the two decades before the pandemic, helping boost economic growth. Now demographic trends are turning, and likely to weigh on growth in the coming years.

We expect growth in Latin America to average about 2 percent per year in the next five years, below its already low historical average. These projections are also considerably weaker than those for other emerging market economies across Europe and Asia, which are also expected to slow but still grow by 3 percent and 6 percent annually, respectively.

This weaker outlook party reflects long-standing challenges of low investment and slow productivity growth. The additional challenge this time is that the demographics are turning, and the labor force won’t grow as fast as before.

Turning Demographics

Population growth will continue decelerating, falling from about 1 percent per year in the two decades preceding the pandemic to about 0.6 annually in the next five years. This is not necessarily bad news as a growing population does not automatically mean rising income per capita—the most relevant measure of wellbeing.

Although a larger population means a larger labor force and aggregate output, it also means a larger number of people among whom output is shared. Still, growing the economy through a larger population can help in other ways, including by increasing revenues to repay high debt levels.

More importantly, the demographic dividend is fading as the region’s population is aging and the share of the working-age population is peaking. This means that the share of the population able to generate income will stop growing. It is an important change as this share had been growing until now, enabling the labor force to grow 0.5 percent per year since 2000. In contrast, we expect no growth in the share of working-age population over the next five years, on average.

Boosting participation

Keeping the labor force engine running will require boosting labor force participation. And some of this is expected to happen, as the share of working-age jobseekers is projected to continue rising.

But for this to become a reality, it will be key to further integrate women into the labor force. Their participation remains low, at only 52 percent of working-age women compared to 75 percent of men.

Policies can help. Expanding childcare programs and providing more training for women can help raise female participation, as we have discussed in recent country reports, including for Brazil and Mexico.

Ensuring that household taxation does not discourage secondary household earners and eliminating asymmetric childcare and parental leave benefits between men and women, that ultimately discourage hiring of women or affect their pay, can also help bring more women into the labor force.

Countries can also grow their workforce by providing vocational training opportunities, raising the retirement age, eliminating disincentives for work after retirement and adopting policies that facilitate employment of older workers.

Tackling crime—an important factor behind migrant outflows in some parts of the region—should also be on the agenda.

But also, as demographics become less favorable, countries will need to put more effort into raising labor productivity growth, by tackling poor governance, stringent business regulations, and widespread informal work (which constrains firms’ growth and the associated productivity gains).

This will help raise living standards even amid demographic headwinds.

Latin America’s many years of hard work to strengthen macroeconomic frameworks has paid off. Countries successfully navigated the last two large global economic recessions and avoided a painful repeat of past crises.

Now they must take advantage of this resilience to focus on boosting potential growth, a persistent challenge that’s mounting as demographic fortunes turn.

Source: International Monetary Fund (IMF)

IPS UN Bureau

 


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رأس المال الخاص السعودي يركز بشكل متزايد على النمو الداخلي في عام 2024 وما بعده – تقرير Preqin

لندن, April 29, 2024 (GLOBE NEWSWIRE) —

نشرت شركة Preqin، الرائدة عالميًا في مجال البيانات والرؤى البديلة، تقريرًا بعنوان نهوض رأس المال الخاص في المملكة العربية السعودية.

يلخص التقرير إلى موضوعين رئيسيين يعززان مستقبل مكانة المملكة في مشهد رأس المال الخاص: الموضوع الأول هو تعزيز حكومة المملكة ومستثمريها وشركاتها للشراكات مع مدراء الصناديق من أجل توفير المزيد من المعارف وتطوير البنى التحتية والاستثمارات المشتركة في الدولة. ويرى مدراء الصناديق أن المملكة أصبحت الآن أكثر من مجرد موقع لجمع رأس مال المستثمرين. الموضوع الثاني هو إقبال المملكة على الاستثمارات الداخلية من خلال الأسواق الخاصة،

والتي تواصل النمو مع ريادة الأعمال الداخلية والفرص الاستثمارية.

الدور الجديد لرأس المال الخاص ومدراء الصناديق في المملكة

يحقق مشروع رؤية المملكة 2030 التي تقوده الحكومة هدف زيادة التنويع الاقتصادي والاجتماعي والثقافي في الوقت الذي تنتقل فيه المملكة لحقبة ما بعد “ذروة النفط”. وتمثل الأسواق الخاصة عنصرًا رئيسيًا لهذا الانتقال.

وعلى مدار ما يربو على 30 عامًا، أثبتت المملكة أنها واحدة من الوجهات الأكثر موثوقية لجمع رأس المال الخاص. لكن في عام 2024، ستعزز المملكة هذه العلاقة التاريخية مع مدراء الصناديق من خلال توطيد التعاون معهم بالتركيز على نشر رأس المال محليًا لتعزيز المشاريع الاقتصادية، ما يساهم في إنجاز المملكة لطموحات رؤية 2030.

لقد أدرك مدراء الصناديق أهمية استغلال مسار النمو الذي تشهده المملكة خلال السنوات الأخيرة. ففي الفترة بين 2018 ويناير 2024، تظهر بيانات Preqin أن عدد مدراء الصناديق في المملكة شهد زيادة بمعدل 213% أي ارتفع من 47 إلى 147 مدير صندوق.

الإقبال على الاستثمار الداخلي: حقوق الملكية الخاصة وصفقات رأس المال الجريء

وفي معرض تعليقه على هذه المناسبة، يقول ديفيد دوكينز، المؤلف الرئيسي للتقرير لدى Preqin: “تسعى المملكة العربية السعودية في عام 2024 بشكل متزايد إلى استخدام رأس المال الخاص لدعم فئة رواد الأعمال الناشئة في الدولة من أجل الاستعداد للحياة بعد عصر النفط. وفي سبيل المساعدة على بناء الأعمال المحلية وإيجاد فرص العمل للشباب، يسعى المستثمرون في المنطقة إلى التعاون مع مدراء المشاريع لنقل المعارف وتطوير البنية التحتية والاستثمار المشترك”.

بنهاية عام 2023، انغلقت الفجوة بشكل شبه تام بين عدد صفقات حقوق الملكية الخاصة وصفقات رأس المال الجريء التي أكملها المستثمرون السعوديون محليًا، مقارنة بالمستثمرين بالخارج. تم عقد 118 صفقة في المملكة و119 صفقة في الخارج، خلال عام 2023. وبالمقارنة، عقدت المملكة 100 صفقة حقوق ملكية خاصة ورأس مال جريء محليًا و151 صفقة بالخارج خلال عام 2022.

لقد أثبتت المملكة أنها نجم ساطع خلال “شتاء” رأس المال الجريء في الفترة من 2020 إلى 2023 حين تباطأت الصفقات على مستوى العالم. بلغت القيمة الإجمالية لصفقات رأس المال الجريء في المملكة 1.02 مليار دولار أمريكي في عام 2023، مرتفعة من 794 مليون دولار أمريكي في عام 2022.

تشمل الاستنتاجات الرئيسية الإضافية لتقرير نهوض رأس المال الخاص في المملكة العربية السعودية: دليل منطقة Preqin:

  • الاستثمارات المشتركة لرأس المال الجريء: تم عقد 47 صفقة رأسمال جريء بين مدراء الصناديق غير السعوديين والمستثمرين السعوديين في الفترة من 2018 إلى 2023. وقد تمت ثلاثة أرباع الصفقات تقريبًا، أي 34 صفقة من بين 47 صفقة في الفترة بين 2021 و2023، مما يبرز زخم هذا الاتجاه في عام 2024 وما بعده.
  • صفقات رأس المال الجريء البارزة: لقد أصبحت منصة تمارا المتخصصة في المدفوعات البنكية والتسوق، أول شركة مليارية متخصصة في التقنيات المالية بعد تأمين حصولها على 340 مليون دولار أمريكي في جولة تمويل حقوق ملكية من الفئة C في ديسمبر 2023.
  • عدد مدراء رأس المال الخاص الذين يركزون على السعودية: بنهاية عام 2021، كان هناك 131 مدير نشط يركز على نشر رأس المال في المملكة. وبحلول يناير 2024، بلغ عدد المدراء 276 مديراً، بما يمثل زيادة بنسبة 111% على مدار الفترة.

إذا كنت ترغب الحصول على مزيد من المعلومات أو إذا كنت تود التحدث إلى مؤلف التقرير، يرجى الاتصال بدون بولز على dawn.bowles@preqin.com.

نبذة عن Preqin

تُمكّن شركة Preqin، المتخصصة في الأصول البديلة Home of Alternatives™”، المهنيين الماليين الذين يستثمرون أو يكرسون أنفسهم للأصول البديلة، من خلال بيانات ورؤى أساسية لاتخاذ قرارات مستنيرة. وهي توفر الدعم لهم خلال دورة الحياة الكاملة للاستثمارات من خلال معلومات هامة وحلول تحليلية رائدة. لقد حققت الشركة الريادة في مجال الأساليب الدقيقة لجمع بيانات الخاصة على مدار 20 عامًا، بما يعمل على تمكين أكثر من 200,000 مهني على مستوى العالم لتبسيط طريقة جمعهم لرأس المال والحصول على الصفقات والاستثمارات وفهم الأداء ومداومة الاطلاع على المستجدات. لمزيد من المعلومات، يرجى زيارة www.preqin.com.


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Lao PDR Lawmakers Meet to Further ICPD25 Programme of Action

Delegates at the workshop on Harnessing Demographic Dividend through the Roadmap to 2030 for Lao PDR. Credit: APDA

Delegates at the workshop on Harnessing Demographic Dividend through the Roadmap to 2030 for Lao PDR. Credit: APDA

By IPS Correspondent
VIENTIANE, Apr 29 2024 – A recent workshop of lawmakers heard that targeted interventions would be necessary to meet the International Conference on Population and Development (ICPD), its Programme of Action (PoA), and Lao PDR’s national commitments to ICPD25 at the Nairobi Summit 2019.

The Workshop on Harnessing Demographic Dividend through the Roadmap to 2030 for Lao PDR aimed to equip parliamentarians with the knowledge and strategies necessary to address the critical population and development challenges confronting Lao PDR.

Thoummaly Vongphachanh, MP and Chair of Social and Cultural Affairs Committees, National Assembly, told the workshop in her opening address that collective action was important for tackling population and development challenges.

Edcel Lagman, MP Philippines and acting Chair of AFPPD, addressed the ICPD’s emphasis on individual rights, gender equality, and the correlation between development and women’s empowerment. With this in mind, he urged parliamentarians to enact rights-based policies that promote gender equality and social justice, incorporating population dynamics into development planning.

UNFPA Representative to Lao PDR, Dr Bakhtiyor Kadyrov, reiterated the organization’s commitment to supporting parliamentarians and government initiatives in addressing population and development challenges, emphasizing the importance of inclusive policies and partnerships to ensure no one is left behind.

A representative of DoP/MPI, Kaluna Nanthavongduangsy, provided an overall overview of the ICPD and its POA, along with Lao PDR’s national commitments to ICPD25, at the Nairobi Summit 2019. He said its commitment was based on five pillars.

  • Managing and using demographic benefits and investing in youth.
  • Addressing climate change and its impact on the public sector and social protection.
  • Promoting health and well-being, including rights to sexual and reproductive health.
  • Enhancing the availability and use of demographic information.
  • Strengthening partnerships and mobilizing resources.

Latdavanh Songvilay, Director General of the Macroeconomic Research Institute, Lao Academy of Social and Economic Sciences, outlined various challenges hindering the realization of the demographic dividend in Lao PDR. These challenges may include barriers to education and employment, inadequate healthcare infrastructure, and socio-cultural factors impacting women’s empowerment and reproductive health.

Her presentation offered valuable insights into the complex interplay between demographic changes, socio-economic development, and policy formulation in Lao PDR. By identifying opportunities and addressing challenges, her analysis was crucial for the parliamentarians to make informed decisions and identify targeted interventions that could maximize the benefits of the demographic transition.

The Lao’s Family Welfare Promotion Association’s Executive Director, Dr Souphon Sayavong, emphasized the importance of comprehensive approaches that combine legal frameworks, law enforcement, survivor support services, and community engagement to combat SGBV effectively.

He also noted that harmful practices, such as child marriage and other forms of gender-based violence, needed targeted interventions to raise awareness, provide support to survivors, and change social norms that perpetuate harmful practices.

Sayavong also said that there were socio-economic consequences of gender inequality and SGBV, emphasizing their detrimental effects on individual well-being, community development, and national progress.

Dr Mayfong Mayxay, Member of Parliament and Vice-Rector of the University of Health Sciences, Ministry of Health, Lao PDR, said it was crucial to identify and tackle the various problems encountered by young people, including drug addiction, school dropout, early marriage, adolescent pregnancy, and inadequate nutrition during pregnancy.

He said additional issues like substance abuse, smoking, and alcohol consumption needed targeted interventions, including prevention programmes and awareness campaigns. School dropout issues were often socioeconomic, so it was important to find strategies including scholarships, vocational training opportunities, and community-based support systems to ensure that young people can access education and pursue their aspirations.

During his presentation, he highlighted the risks associated with early marriage and adolescent pregnancies, which pose significant health risks for both mothers and children.

Mayxay emphasized the importance of comprehensive sexual education, access to reproductive health services, and legal reforms to address these issues and protect the rights of young girls.

He underscored the importance of promoting maternal and child health, including the need for nutritional education, prenatal care services, and support systems to address malnutrition and its adverse effects on maternal and child health outcomes.

Solutions he suggested involved holistic approaches encompassing education, healthcare, community support, and policy reforms, to empower young people and ensure their health and well-being.

Dr Usmonov Farrukh, interim Executive Director of AFPPD, reiterated AFPPD’s commitment to supporting parliamentarians’ advocacy on population and development in the Asia-Pacific in his closing speech, emphasizing collective action and partnership.

Vongphachanh’s closing remarks summed up the priorities agreed to in the meeting of the 14 National Commitments at the first National Conference on Population and Development, Demographic Change, held in 2023. She said opportunities, challenges, and policy levers to achieve demographic dividends, women’s empowerment and prevention and response to GBV and harmful practices, commitment to their programme of Family Planning 2030, and the health and future of the young population, particularly the resolutions for social issues they are facing such as drug use, school dropout, early marriage, and adolescent pregnancy, were crucial.

Note: This workshop was supported by AFPPD and APDA, the UNFPA, and the Japan Trust Fund.

 

Un Hispack plus important vise à accélérer les solutions d'emballage responsable

BARCELONE, Espagne, 26 avr. 2024 (GLOBE NEWSWIRE) — Hispack 2024 mettra l'accent sur les emballages durables pour contribuer à un meilleur avenir. Du 7 au 10 mai, le plus grand salon professionnel de l'emballage d'Espagne réunira 780 exposants de 28 pays et 1 250 marques au Gran Via de la Fira de Barcelone pour présenter les dernières innovations en matière de matériaux, d'emballages, de conteneurs, d'étiquettes, de conditionnement, de traitement et de technologies et machines de logistique. Est prévue la participation de plus de 27 000 participants à l'édition 2024.

Organisé par Fira de Barcelona en collaboration avec Graphispack Association, Hispack 2024 enregistrera une croissance de 18 % en nombre de sociétés participantes et de 12 % quant à la surface d'exposition, et s'étendra sur 36 000 m2 dans les halls 2 et 3. Il réunira des fabricants et des distributeurs leaders offrant technologies, matériaux et solutions d'emballage le plus récents axés sur le développement durable.

Cet événement a également enregistré une augmentation du nombre d'exposants internationaux, près d'un tiers du total venant de l'extérieur de l'Espagne. La Turquie sera en tête de liste des pays comptant le plus grand nombre d'entreprises, suivie de l'Italie, de la Chine, de l'Allemagne, de la France, des Pays–Bas, du Portugal et du Royaume–Uni.

Tendances du salon Hispack 2024
Lors du salon Hispack 2024, le développement durable occupera une place centrale. L'emballage durable vise à minimiser l'impact environnemental grâce à l'éco–conception axée sur la réduction des matériaux, le recyclage et la réutilisation. L'événement présentera des exemples concrets de la façon dont les entreprises utilisent des matériaux recyclés ou biodégradables, combinés au déploiement d'emballages intelligents qui améliorent l'efficacité de la chaîne d'approvisionnement, la traçabilité et l'expérience client, ainsi qu'une refonte des processus de production pour réduire l'empreinte carbone.

Le programme “Best in class” mettra en lumière trois réussites internationales en matière d'emballage : Le système municipal circulaire pour la collecte, le lavage et la réutilisation des emballages de boissons et de plats à emporter à Aarhus (Danemark), le système innovant de recyclage des flacons de recharge en plastique et de fabrication de nouveaux contenants par Kao Corporation (Japon), un projet d'utilisation de la technologie blockchain pour tracer le recyclage des bouchons de bouteilles en plastique par AMITA Corporation (Japon).

Dans cette lignée, Hispack, en collaboration avec le Japan Packaging Institute, présentera le Japon comme un marché à fort potentiel, en exposant les tendances et les expériences menées dans ce pays, et en facilitant les contacts d'affaires avec la délégation japonaise présente au salon.

Par ailleurs, les fabricants espagnols de technologies de l'emballage, qui figurent parmi les 10 premiers exportateurs mondiaux, profiteront d'Hispack pour entrer en contact avec des acheteurs des marchés européens, d'Amérique latine et de la zone méditerranéenne qui visitent le salon.

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

Pour les renseignements médiatiques, veuillez contacter :
Salvador Bilurbina
Courriel électronique : sbilurbina@firabarcelona.com
Téléphone : +34628162674


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