The CMA: Compensation for Investors Affected by Violations Committed in the Shares of “Watani Iron Steel Co.”

RIYADH, Saudi Arabia, July 24, 2025 (GLOBE NEWSWIRE) — The Capital Market Authority (CMA) announces the completion of compensation for investors affected by the violations committed in the shares of Watani Iron Steel Co., which occurred before and after the company’s direct listing on the Parallel Market (Nomu). These violations were committed by five individuals convicted under the decision issued by the Appeal Committee for Resolution of Securities Disputes (ACRSD), published on the websites of the CMA and the GS–CRSD on April 4, 2024. The decision, resulting from the penal lawsuit filed by the Public Prosecution and referred by the Capital Market Authority, obligated them to pay SAR 41.4 million in illegal gains resulting from these violations.

The compensations were deposited into the accounts of the affected investors through the Compensation Fund, which was established pursuant to a resolution of the CMA’s Board to compensate affected parties in accordance with the distribution plan approved by the CRSD. This facilitates the compensation process and ensures that entitlements are delivered to their rightful owners with minimal effort.

Since the publication of the ACRSD’s decision, the CMA has worked on assessing the appropriateness of activating Article (59) of the Capital Market Law, which grants the CMA the power to organize compensation procedures for individuals affected by violations and to establish dedicated compensation funds sourced from illegally obtained gains. Compensation for affected individuals is carried out in accordance with a distribution plan approved by the Committee. This led to the establishment of this fund to compensate eligible parties under a distribution plan approved by a decision of the CRSD, in line with the rules, procedures, and legal provisions to enhance the efficiency of these funds.

The approved distribution plan was designed in proportion to the scale of the violations committed, the value of the illegal gains realized from those violations, and the extent of harm suffered by investors who traded the company’s shares during the violation period. Compensation amounts for some investors reached more than one million Saudi Riyals, representing the highest compensation approved by the CRSD. In this context, the CMA affirms that the distribution plan approved by the CRSD included all individuals proven to have suffered harm, based on the technical records. This does not preclude the right of any individual who believes they have been harmed but was not included in the distribution plan to file an individual claim with the CRSD to seek compensation.

Compensation funds complement the mechanisms that facilitate compensating investors affected by violations committed in the capital market. They add to the available avenues for compensation, such as individual lawsuits and class actions. The CMA adopts a set of criteria to determine the appropriateness of establishing a compensation fund using illegal obtained gains from violators whenever the facts and circumstances of a case indicate the existence of actual harmed parties and when the CMA deems that creating such a fund would be more effective and practical than other available means of compensation for damages sustained by market participants as a result of violations of the Capital Market Law and its implementing regulations. The CMA clarified that it employs a range of analytical tools to reach a systematic assessment regarding the suitability of establishing a compensation fund based on final decisions issued by the CRSD. This assessment relies on several criteria that help determine the most suitable compensation mechanism, whether through direct compensation via these funds or through class actions to claim compensation. These criteria include aspects related to the execution and collection of illegally obtained gains, the nature and number of violations committed, their impact, and the extent to which the Committees can adopt and practically apply the principle of compensation to all affected parties in the case under review.

The CMA affirms that, in the context of enhancing compensation opportunities, it has carefully studied global best practices applied in capital markets and adopted what aligns with the nature of the Saudi capital market. This contributes to improving the efficiency of compensation mechanisms, strengthening investor confidence in the market, and protecting their rights. These efforts form part of a broader package of strategic initiatives launched by the CMA to advance the development of a more sophisticated and competitive financial ecosystem.

Capital Market Authority
Communication & Investor Protection Division
+966114906009
+966557666932
[email protected]
www.cma.org.sa


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Funding Cuts by Traditional Donors and the Future of Localization: Power, Paradox, and the Politics of Aid

The withdrawal or scaling down of funding by agencies like USAID, FCDO, the Dutch MFA, and Germany’s BMZ raises critical questions about the future of development finance and the feasibility of locally-led development. Credit: WFP/Desire Joseph Ouedraogo

By Tafadzwa Munyaka
HARARE, Jul 24 2025 – In recent years, major international donors such as the European Union (EU), the Foreign, Commonwealth & Development Office (FCDO), USAID, and other bilaterals (such as BMZ, Sida, the Netherlands among others) have significantly reduced development funding to global majority countries.

These shifts are occurring in the midst of rhetorical commitments to localization and ‘shifting the power’ to local civil society organizations. This article looks at the paradox of decreasing official development assistance (ODA) alongside the growing emphasis on localization.

It explores the rise of remittances as an alternative flow of capital, asking whether this signals a structural transformation in global development finance or reinforces already existing inequalities.

The Grand Bargain committed donors and aid organizations to channel 25% of funding to local actors by 2020, a target that remains unmet five years past the initial deadline. In practice, only 1.2% of total humanitarian funding went directly to local organizations in 2022

Drawing on academic literature, donor trend analyses, and policy discourse, this article argues that while localization remains a compelling imperative, the reduction in traditional aid risks hollowing out the resourcing base necessary to realise it meaningfully.

The international development sector is witnessing a contradictory moment. On one hand, the calls for localization – the transfer of resources, decision-making power, and leadership to local actors – have grown louder, particularly after the Grand Bargain of 2016 and more recently through decolonizing aid discourses.

On the other hand, bilateral and multilateral donors that once underwrote the bulk of development financing are retrenching, citing domestic fiscal constraints, geopolitical realignments, and prioritization of emergency spending.

The withdrawal or scaling down of funding by agencies like USAID (in certain regions), FCDO, the Dutch Ministry of Foreign Affairs, and Germany’s BMZ raises critical questions about the future of development finance and the feasibility of locally-led development.

Here, I look at these shifts through a power-sensitive lens, exploring whether the decrease in ODA and the increase in remittances and private flows mark a reordering of global development relations.

1. The decline in traditional donor funding

Traditional donors, particularly from the OECD (DAC), have been reducing long-term development assistance. FCDO has slashed aid to many African countries since 2020, citing Brexit-related restructuring and domestic budget pressures.

The Netherlands announced in 2023 it would refocus its development cooperation on fewer thematic and geographic areas, withdrawing from several African partnerships. USAID has signalled a shift toward more geopolitical objectives under the Indo-Pacific strategy, with programs in Sub-Saharan Africa quietly closing or transitioning to local ownership with fewer resources.

Data from the OECD (2024) indicates that while ODA rose nominally in 2023 (USD 223.7 billion), the increase was largely due to in-donor refugee costs and Ukraine-related support – not sustainable investments in development programming. Long-term, country-programmed ODA has either stagnated or declined in many contexts.

 

2. Localization: rhetoric vs. resourcing

The localization agenda broadly defined as empowering local actors to lead humanitarian and development efforts remains a policy priority in theory. The Grand Bargain committed donors and aid organizations to channel 25% of funding to local actors by 2020, a target that remains unmet five years past the initial deadline. In practice, only 1.2% of total humanitarian funding went directly to local organizations in 2022.

This discrepancy between rhetoric and resourcing reveals the structural inertia of the international aid system. Large INGOs and UN agencies continue to dominate funding channels due to perceived capacities, fiduciary standards, and donor risk aversion. The result is what Featherstone (2021) calls “localization without power” – where local actors are asked to lead without the corresponding control over financial or strategic resources.

Yet the rhetoric of localization often conceals the lack of structural commitment to resource redistribution. Donors have increasingly placed the burden of localization on intermediaries or local partners without adjusting funding mechanisms to support this transition.

Many local organizations remain trapped in subcontracting arrangements, where they are implementers of externally designed projects, with little influence over priorities, timelines, or metrics of success. This reflects what some scholars have termed the “isomorphic mimicry” of localization – adopting the language of power shift without ceding actual power.

In the absence of core, flexible and multi-year financing, localization becomes performative. Donors must move beyond tokenistic inclusion of local actors in funding chains and instead dismantle the bureaucratic and compliance-heavy models that prevent equitable access to funding. Without financial restructuring, localization risks becoming a vehicle for austerity – a means of exiting aid rather than transforming it.

 

3. Remittances: a parallel flow?

Remittances to low- and middle-income countries reached an estimated USD669 billion in 2023, up from USD 647 billion in 2022. In countries like Zimbabwe, Nigeria, and Nepal, remittances exceed the value of total ODA, becoming critical for household consumption, healthcare, and education. While remittances are typically private, unprogrammed funds, their increasing scale raises questions about their developmental potential.

Some scholars (Kapur, 2005; Clemens & McKenzie, 2018) argue that remittances offer a more direct, accountable, and less bureaucratic form of development finance. Others warn that remittances reinforce neoliberal withdrawal of the state, transferring responsibility for public services to the diaspora.

Unlike ODA, remittances do not fund systemic change, advocacy, or civic engagement – areas where donor aid is often essential. Thus, the rise of remittances, while cushioning households, does not replace the strategic role of public development financing in promoting rights-based, transformative change.

 

4. Implications for local organizations and civic space

The contraction of traditional donor funding, especially in civic space, women’s rights, and environmental justice programming, for example, is creating funding vacuums for local organizations.

Simultaneously, the ante is being upped on questions relating to the value-add of intermediary organizations, most of them INGOs on the efficacy of their role when funding can be directed to local NGOs bypassing them. This creates a burden and pressure on local CSOs who must professionalize rapidly while absorbing risk without the necessary core or multi-year funding.

However, it goes without saying that without predictable funding flows, local partners are unable to invest in staff development, financial systems, or advocacy infrastructure. This creates a paradox – localization is promoted without reconfiguring the upstream political economy of aid.

 

5. Conclusion: toward a just transition in aid

The current moment demands a rethinking of both funding modalities and power structures. Localization, if it is to be transformative, requires more than shifting delivery – it must entail shifting money, mandate, and decision-making authority. The decline in traditional aid funding risks undercutting this agenda unless alternative financing such as pooled funds, solidarity philanthropy, and diaspora engagement among others are explicitly aligned with local ownership.

Development actors must resist the tendency to frame localization as a cost-saving exit strategy. Instead, a just transition in aid must foreground equity, reparative justice, and co-governance between donors and recipients.

 

Tafadzwa Munyaka is a nonprofit/social change professional with crosscutting expertise in fundraising, business development, grants and compliance management, program management, and child rights advocacy. He is committed to contributing to the African narrative on philanthropy and giving, driving impactful change across the continent. 

Bitget firma parceria com o influenciador visando impulsionar o crescimento do blockchain e da IA no Sudeste Asiático

KUALA LUMPUR, Malásia, July 24, 2025 (GLOBE NEWSWIRE) — A Bitget, principal corretora de criptomoedas e empresa Web3 do mundo, firmou uma parceria com o líder de opinião em criptomoedas indiano Pushpendra Singh para apoiar um Blockchain & AI Summit histórico no Sudeste Asiático, consolidando ainda mais o seu papel como facilitadora global do ecossistema de tecnologia descentralizada.

A cúpula foi organizada em colaboração com o Consórcio de Indústrias Indianas na Malásia (CIIM). O evento reuniu construtores, investidores e líderes da Índia, Sul da Ásia, Oriente Médio, Cingapura, China e outros lugares, firmando a Malásia como um centro regional promissor para a colaboração em blockchain e IA. A programação incluiu palestras, painéis de discussão e sessões interativas com o objetivo de promover a inovação e a adoção responsável das tecnologias Web3.

“Ter um importante influenciador indiano como Pushpendra liderando uma Cúpula de Blockchain e IA na Malásia destaca a natureza global e colaborativa deste setor. Na Bitget, nossa missão é capacitar e escalar esses ecossistemas onde quer que eles se desenvolvam”, declarou Jyotsna Hirdyani, diretora da Bitget para a região sul da Ásia.

O influenciador Pushpendra Singh, parceiro da Bitget, subindo ao palco no Blockchain & AI Summit

Pushpendra expressou um ponto de vista semelhante, enfatizando que o status crescente da Malásia como um destino de primeira linha para tecnologia e turismo faz dela o local ideal para um encontro globalmente diverso. “Este evento não teve como foco apenas a Web3; ele foi também uma oportunidade de unir várias vozes sob uma visão compartilhada. A Malásia está rapidamente se tornando um centro onde a inovação encontra oportunidades, e temos orgulho de trabalhar no sentido de ajudar a moldar essa narrativa”, declarou Pushpendra.

A parceria revela os esforços contínuos da Bitget para promover inclusão, educação e liderança de base nas comunidades emergentes de criptomoedas. Uma região, um construtor e uma cúpula por vez. É com essa filosofia que a Bitget se dedica a oferecer plataformas, ferramentas e colaborações que impulsionam o setor à medida que o blockchain e a IA continuam a convergir.

Sobre a Bitget

Fundada em 2018, a Bitget é a principal corretora de criptomoedas e empresa Web3 do mundo. Atendendo a mais de 120 milhões de usuários em mais de 150 países e regiões, a Bitget está comprometida em ajudar os usuários a fazerem trading de forma mais inteligente com seu recurso pioneiro de copy trading e outras soluções de trading, enquanto oferece acesso em tempo real ao preço do Bitcoin, Ethereum e preços de outras criptomoedas. Anteriormente conhecida como BitKeep, a Bitget Wallet é uma carteira de criptomoedas líder sem custódia que oferece suporte a mais de 130 blockchains e milhões de tokens. Ela oferece negociação multicadeia, staking, pagamentos e acesso direto a mais de 20.000 DApps, com swaps avançados e insights de mercado integrados em uma única plataforma.
A Bitget está impulsionando a adoção de criptomoedas por meio de parcerias estratégicas, como seu papel como parceira oficial de criptomoedas da principal liga de futebol do mundo, LALIGA, nos mercados do ORIENTE, SUDESTE ASIÁTICO e AMÉRICA LATINA, bem como parceira global dos atletas nacionais turcos Buse Tosun Çavuşoğlu (campeã mundial de luta livre), Samet Gümüş (medalhista de ouro no boxe) e İlkin Aydın (seleção nacional de vôlei), para inspirar a comunidade global a abraçar o futuro da criptomoeda.

Alinhada com sua estratégia de impacto global, a Bitget se uniu à UNICEF para apoiar a educação em blockchain para 1,1 milhão de pessoas até 2027. No mundo do automobilismo, a Bitget é a corretora de criptomoedas parceira exclusiva do MotoGP™, um dos campeonatos mais emocionantes do mundo.

Para obter mais informações, acesse: Site | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Para comunicação social, envie um e–mail para: [email protected]

Aviso de risco: os preços dos ativos digitais estão sujeitos a flutuações e podem sofrer volatilidade significativa. Os investidores são aconselhados a alocar apenas os fundos que possam correr o risco de perder. O valor de qualquer investimento pode ser afetado e existe a possibilidade de que os objetivos financeiros não sejam alcançados e que nem o investimento principal seja recuperado. Sempre se deve procurar uma consultoria financeira independente, e a experiência financeira pessoal e a posição devem ser cuidadosamente consideradas. O desempenho passado não é um indicador confiável de resultados futuros. A Bitget não se responsabiliza por possíveis perdas incorridas. O conteúdo deste documento não deve ser interpretado como orientação financeira. Para obter mais informações, consulte os nossos Termos de Uso.

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Bitget s’associe à un influenceur pour stimuler la croissance de la blockchain et de l’IA en Asie du Sud-Est

KUALA LUMPUR, Malaisie, 24 juill. 2025 (GLOBE NEWSWIRE) — Bitget, première bourse de cryptomonnaies et société Web3 au monde, a noué un partenariat avec le leader d’opinion indien Pushpendra Singh afin de soutenir un sommet majeur sur la blockchain et l’intelligence artificielle en Asie du Sud–Est (le Blockchain & AI Summit) — renforçant ainsi son rôle de catalyseur mondial de l’écosystème technologique décentralisé.

Ce sommet a été organisé en collaboration avec le Consortium of Indian Industries in Malaysia (CIIM). Il a réuni des créateurs, investisseurs et dirigeants venus d’Inde, d’Asie du Sud, du Moyen–Orient, de Singapour, de Chine, et d’ailleurs, faisant de la Malaisie un nouveau pôle régional en matière de collaboration dans les domaines de la blockchain et de l’IA. L’événement a comporté des conférences, des tables rondes et des sessions interactives visant à promouvoir l’innovation et l’adoption responsable des technologies Web3.

« Le fait qu’un influenceur indien de renom comme Pushpendra mène un sommet sur la blockchain et l’IA en Malaisie met en lumière la dimension mondiale et collaborative de cette industrie. Chez Bitget, notre mission est de renforcer et de faire évoluer ces écosystèmes quel que soit l’endroit où ils émergent », a déclaré Jyotsna Hirdyani, responsable de l’Asie du Sud chez Bitget.

Pushpendra Singh, leader d’opinion de Bitget, sur scène au Blockchain & AI Summit

Pushpendra a partagé une vision similaire, soulignant que le statut grandissant de la Malaisie en tant que destination de premier plan pour la technologie et le tourisme en faisait un lieu idéal pour un rassemblement aussi diversifié. « Cet événement ne portait pas uniquement sur le Web3 ; il s’agissait également de rassembler différentes voix autour d’une vision commune. La Malaisie est en passe de devenir une plaque tournante où l’innovation rencontre les opportunités, et nous sommes fiers de contribuer à façonner cette réalité », a–t–il confié.

Ce partenariat illustre l’engagement constant de Bitget en faveur de l’inclusivité, de l’éducation et du leadership communautaire dans les jeunes communautés cryptos. Région par région, acteur par acteur, sommet après sommet, Bitget s’engage à fournir les plateformes, outils et collaborations nécessaires à la progression du secteur, à mesure que la blockchain et l’IA convergent.

À propos de Bitget

Établie en 2018, Bitget est la première bourse de cryptomonnaies et société Web3 au monde. Au service de plus de 120 millions d’utilisateurs répartis dans plus de 150 pays et régions, la bourse Bitget s’engage à aider les utilisateurs à trader plus intelligemment grâce à sa fonctionnalité révolutionnaire de copy trading et ses autres solutions de trading, tout en fournissant un accès en temps réel aux cours du Bitcoin, de l’Ethereum et d’autres cryptomonnaies. Anciennement connu sous le nom de BitKeep, Bitget Wallet est un portefeuille cryptographique non dépositaire de premier plan qui prend en charge plus de 130 blockchains et des millions de jetons. Il propose un trading multi–chaînes, des jalonnements, des paiements et un accès direct à plus de 20 000 DApps, mais aussi des swaps avancés et des informations sur le marché, le tout intégré au sein d’une plateforme unique.
Bitget entend faire adopter les cryptomonnaies grâce à des partenariats stratégiques, comme en témoigne son rôle de Partenaire crypto officiel de la meilleure ligue de football au monde, LALIGA, sur les marchés de l’Est, de l’Asie du Sud–Est et de l’Amérique latine, ou encore son rôle de partenaire mondial des athlètes olympiques turcs Buse Tosun Çavuşoğlu (championne du monde de lutte), Samet Gümüş (médaillé d’or de boxe) et İlkin Aydın (équipe nationale de volley–ball). Bitget a pour vocation d’inciter la population mondiale à opter pour les cryptomonnaies, symboles d’avenir.

Pour faire écho à sa stratégie d’impact mondial, Bitget s’est associée à l’UNICEF pour appuyer l’éducation à la blockchain auprès de 1,1 million de personnes d’ici à 2027. Dans l’univers des sports mécaniques, Bitget est partenaire officiel crypto exclusif du MotoGP™, l’un des championnats les plus passionnants du monde.

Pour en savoir plus, veuillez consulter : Site Internet | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Pour toute demande média, veuillez nous contacter à l’adresse suivante : [email protected]

Mise en garde sur les risques : les cours des actifs numériques peuvent fluctuer et connaître une forte volatilité. Il est conseillé aux investisseurs de n’engager que les fonds qu’ils peuvent se permettre de perdre. La valeur de vos investissements peut être affectée et il est possible que vous n’atteigniez pas vos objectifs financiers ou que vous ne parveniez pas à récupérer votre capital. Nous vous encourageons à toujours solliciter les conseils d’un spécialiste financier indépendant et à tenir compte de votre expérience et de votre situation financière. Les performances passées ne constituent pas un indicateur fiable des résultats futurs. Bitget décline toute responsabilité quant à toute perte potentielle encourue. Nulle disposition des présentes ne saurait être interprétée comme un conseil d’ordre financier. Pour tout complément d’information, veuillez consulter nos Conditions d’utilisation.

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Bitget's July Proof-of-Reserves Report Shows 45% Increase in User Holdings for Bitcoin (BTC)

VICTORIA, Seychelles, July 24, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released its latest Proof–of–Reserves (PoR) data reveals a sharp increase in user–held Bitcoin, with BTC balances surging over 45% month–on–month in July. This marks the strongest growth across all major assets tracked on the platform.

According to the PoR public figures published, BTC held by users grew from 6,594 BTC in June to 9,531 BTC in July. USDT holdings also experienced a notable increase of 21%, climbing from approximately 1.61 billion to nearly 1.95 billion. ETH balances rose by 31% month–on–month, from 148,754 ETH to 195,466 ETH, while USDC holdings grew by 14%.

The substantial surge in user asset holdings follows ongoing efforts across the industry to promote transparent reserve practices. Bitget continues to publish real–time reserve data via Merkle Tree infrastructure and open–source verification tools. As of July 23, the platform maintains a reserve ratio of over 200% across major assets, double the industry benchmark of 100%.

“This increase in on–platform user assets, especially Bitcoin, shows a bit of the broader trend in user behavior, where traders and institutions increasingly may favor exchanges that allow independent asset verification,” said Gracy Chen, CEO at Bitget. “Our priority will always be to keep maintaining Bitget as one of the largest most secure platforms for crypto trading,” she added.

The POR growth in July also corresponds with improved market sentiment and heightened institutional interest in digital assets, particularly following the recent price stabilization of Bitcoin above the $110,000 threshold.

Bitget’s PoR methodology includes monthly snapshots and daily updates of asset balances, matched against liabilities through publicly auditable cryptographic proofs. The platform’s reserve transparency continues to be a key differentiator as global regulators intensify demands for accountability from centralized exchanges.

For July, all reserve figures exceed the 100% mark across BTC, ETH, USDT, and USDC, and the exchange remains one of the few top–tier platforms to continuously publish real–time snapshots for user review. This consistent transparency is increasingly valued by both retail and institutional users seeking safeguards against mismanagement or opaque balance sheet practices.

To know more about Proof of Reserves, please visit here.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real–time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non–custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi–chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

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Clean Energy Sources Are Beginning to Overtake Fossil Fuels, But Is It Too Late?

UN Secretary-General António Guterres delivers a special address on Climate Action “A Moment of Opportunity: Supercharging the New Energy Era”. Credit: UN Photo/Mark Garten

By Oritro Karim
UNITED NATIONS, Jul 24 2025 – As a result of the worsening climate crisis, extreme weather patterns have disrupted nearly all aspects of human life around the world. With the impacts of fossil fuel reliance being more pronounced than ever before, the United Nations (UN) has implored governments and industries to begin adopting more sustainable, renewable energy sources.

On July 22, UN Secretary‑General António Guterres delivered a speech address: A Moment of Opportunity: Supercharging the Clean Energy Age, in which he relayed the significance and necessity of the energy transition to renewable, clean energy sources. It was a follow-up to to the previous year’s special address, Moment of Truth, in which he declared that the era of fossil fuel usage is nearing its end.

“The fossil fuel age is flailing and failing. We are in the dawn of a new energy era,” said Guterres. “The energy transition is unstoppable, but the transition is not yet fast enough or fair enough…That world is within reach, but it won’t happen on its own.”

According to Guterres, it is imperative that global financing for clean energy programs is scaled up to account for wider-scale usage of renewable fuel sources in the place of fossil fuels. Figures from the UN state that funds must increase five-fold by 2030 in order to keep global temperatures below the 1.5 degrees Celsius limit from the Paris Agreement.

Over the past ten years, only one in five clean energy dollars was allocated to emerging economies outside of China, making it difficult for the vast majority of global industries to adapt to renewable energy usage. Additionally, Africa received only 2 percent of the global fund for clean energy investment, despite the continent having 60 percent of the world’s best sources of solar power.

It is crucial to secure additional investments in clean energy as soon as possible as the climate crisis will have disastrous impacts on human health, livelihoods, economies, and the environment if it continues at the same rate of acceleration. Africa’s Centers for Disease Control and Prevention (CDC) projects that by 2050, there will be 14.5 million climate-related deaths, equivalent to over 2 billion years of life lost. Additionally, the global economy could see an estimated loss of $12.5 trillion USD by 2050.

Currently, climate change is a leading driver of worldwide food insecurity. Hotter temperatures and extreme weather patterns, such as floods, droughts, and wildfires, disrupt agri-food systems around the world, causing reduced crop yields and significant rates of inflation, pushing average costs of food out of reach for vulnerable communities.

On July 2, the United Nations Convention to Combat Desertification (UNCCD) released a report, Global Drought Hotspots report catalogs severe suffering, economic damage, in which it analyzed the effects of the worst global droughts in recent history. It is estimated that over 90 million people in eastern and southern Africa face extreme hunger as a result of climate-driven droughts. Additionally, women, children, the elderly, farmers, and people with chronic illness are disproportionately affected by climate-driven droughts, with health risks such as cholera infections, acute malnutrition, and waterborne illness running rampant around the world.

“The report shows the deep and widespread impacts of drought in an interconnected world: from its rippling effects on price of basic commodities like rice, sugar and oil from Southeast Asia and the Mediterranean; to disruptions in access to drinking water and food in the Amazon due to low river levels, to tens of millions affected by malnutrition and displacement across Africa, “ said Andrea Meza, UNCCD’s Deputy Executive Secretary. “We must urgently invest in sustainable land and water management, nature-based solutions, adapted crops, and integrated public policies to build our resilience to drought —or face increasing economic shocks, instability and forced migration.”

Additionally, the climate crisis has had a significant negative impact on children’s access to education worldwide. According to the United Nations Educational, Scientific, and Cultural Organization (UNESCO), children exposed to extreme heat patterns around the world could lose approximately 1.5 years of schooling. This is particularly pronounced in low and middle-income countries, which make up eight out of ten of UNESCO’s list of most climate-affected nations.

Over 1 billion people reside in these high-risk countries. UNESCO states that these nations face numerous climate-related disruptions to learning every year, with schools being closed in about 75 percent of all extreme weather events, affecting approximately 5 million children each time.

Climate-sensitive countries such as those in Asia and Central America are especially vulnerable. In China, hotter temperatures have resulted in fewer average years of schooling, worsened performance on important standardized tests, and lower rates of high school completion and college entrance. In Brazil’s most impoverished regions, students lost about 1 percent of learning per year due to extreme heat exposure.

Despite these impacts, the Secretary-General has expressed hope due to recent global successes in the transition to renewable energy sources. On July 22, the UN released the 2025 edition of its Energy Transition Report: Seizing the Moment of Opportunity. This report underscored the progress that was made since the adoption of the Paris Agreement, as well as areas of priority that must be addressed when facilitating this transition.

Since 2010, the costs of renewable energy sources have been gradually declining, to the point that they have become far more affordable than fossil fuels. It is estimated that 90 percent of renewable energy sources around the world are more affordable than the cheapest nonrenewable ones. Figures from the International Renewable Energy Agency (IRENA) show that solar power went from being roughly four times more expensive than renewable energy to 41 percent cheaper and wind energy has become 53 percent cheaper.

In 2024, approximately $2 trillion USD was invested in clean energy, compared to the $800 billion invested in the fossil fuels industry. This marks a 70 percent increase from investments in clean energy made one decade ago.

It is imperative for governments to incorporate energy-transition goals into national legislations and provide adequate and ethical guidelines that streamline this process. This transition must empower vulnerable communities that have been most affected by the climate crisis, such as women, children, the disabled, and racial minorities. There must also be guidelines in place that ensure a just transition for workers in which they receive social protections.

Additionally, there must be an effort to maximize the outputs of renewable energy sources so that they can replace global fossil fuels systems entirely. The UN is hopeful that there will be universal access to clean energy by 2030 and that major tech firms will be 100 percent powered by renewable sources by the same year.

“This is not just a shift in power. It is a shift in possibility,” said Guterres. “Of course, the fossil fuel lobby will try, and we know the lengths to which they will go. But, I have never been more confident that they will fail because we have passed the point of no return.”

IPS UN Bureau Report

 


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How Israel Lost its Soul

UN premises, such as the WHO compound in Deir Al-Balah (pictured), have been struck during the Gaza conflict. Credit: WHO

By James E. Jennings
ATLANTA, USA, Jul 24 2025 – The dramatic story of Israel’s birth in 1948 following the Nazi Holocaust captured the wonder and admiration of the world. Its founders claimed that Israel would be a light to the nations, but now the Jewish State’s identity has gone from being the victim of genocide to perpetrator in less than two generations.

Israel’s Likud government stands accused of genocide in Gaza by a UN Special Committee, the World Court’s admission that the accusation is plausible, and recently by 28 nations acting in concert to declare Israel in violation of International Humanitarian Law.

What happened? Rather than face the truth of 75 years of injustice to Palestinians that led to the terrible slaughter and hostage-taking by HAMAS in 2023, most Israelis support the daily overkill in Gaza, now nearly two years long. After more than 100,000 casualties under constant bombing of the civilian population with no one shooting back, famine has begun.

By contrast, the speech of Israel’s founding father David Ben Gurion on Israel’s Independence Day declared that:

The State of Israel will…foster the development of the country for the benefit of all its inhabitants; it will be based on freedom, justice and peace as envisaged by the prophets of Israel; it will ensure complete equality of social and political rights to all its inhabitants irrespective of religion, race or sex; it will guarantee freedom of religion, conscience, language, education and culture; it will safeguard the Holy Places of all religions; and it will be faithful to the principles of the Charter of the United Nations.

A woman and child walk through the heavily bombed town of Khuza’a in the Gaza Strip. Credit: UN Women/Samar Abu Elouf

Every observer can now see that Israel as a society and government have performed exactly in the opposite way. Israel lost its soul by becoming racist, then racialist, the doctrinaire view of Menachem Begin that Jews are by nature and divine right superior to other races. This has led to suppression of the Palestinians, and, if given the opportunity, to their extermination, as is now evident in Gaza.

If the state exists for the benefit of all its inhabitants, why did President Jimmy Carter, who succeeded in brokering peace between Israel and Egypt, write a book titled Peace, Not Apartheid? If Israel exists for all its citizens, why are the Israeli Arabs second class citizens? Why do Palestinians who fled their homes in 1948 and 1967 still live in camps, with nearly six million persons still classified as refugees?

Why under its decades-long military occupation of Palestine, have Arabs been killed, imprisoned, wounded, neighborhoods bombed, houses destroyed, streets plowed up, families and neighborhoods imprisoned behind concrete walls, and an entire population denied the right to travel? Why, if Israel safeguards the Holy Places of all religions, has its air force bombed nearly 1,000 mosques in Gaza and now the few churches and a Christian hospital there too?

The Zionist’s answer to these questions may be that the Palestinians under decades of military rule are not actually citizens of Israel. That is a distinction without a difference, because the occupying authority has legal responsibility for the population under occupation, including the West Bank and Gaza.

True, there are areas declared to be administered by the Palestinians alone, but no one pretends that the Palestinian territory is truly free and independent. The occupied territory and its people remain wards of the Israeli state.

The idea that the Israeli government for most of its history, and especially now, is faithful to the principles of the Charter of the United Nations is laughable. Even though the UN created Israel, its various governments have long denied any right of the UN to curtail its expansionist aims and war-making powers.

That is made clear most recently by two actions: the joint June 2025 Israel-US stealth attacks on Iran, a member state of the UN, and the years-long systematic bombing and dismantling of UN agencies, offices, schools, and food distribution sites in Gaza.

A Jewish Holocaust survivor, Raphael Lemkin, coined the word genocide and made it his lifelong task to see it implemented in international law. The Genocide Convention was ratified by the United Nations in 1948 but is being deliberately flaunted by Israel in Gaza.

Genocide is a serious charge, but its terms in international law are clear: no killing or setting up conditions for the destruction of a people group just because they are members of that group; no forced expulsion or transfers of that group; and no public advocacy to do so, which is a key provision already violated by Messrs. Netanyahu, Trump, Galant, and others.

In January 2024 the International Court of Justice (ICJ), joined by an Israeli ad hoc Judge, Aharon Barak, voted to urge punishment of those advocating expulsion or transfer of the population of Gaza.

What responsibility do the citizens of Israel have for the actions of their government? Complete responsibility in corporate terms, but not as individuals unless they specifically vote for or advocate genocidal actions. Israeli opposition figures, of which there are very few, are courageous and deserve praise.

What about the citizens of the United States where both Democrats and Republicans have long aided and abetted Israel’s violence toward those under its protection?

Governments and citizens everywhere must join forces to prevent famine from claiming more children in Gaza. US citizens must raise our voices now or be forever classed with those who allowed and abetted today’s Genocide.

James E. Jennings PhD is President of Conscience International, and Leader of US Academics for Peace delegations to Iraq, Iran, Syria, Sudan, and other countries. He taught Middle East History, Archaeology, and Religion at several universities, including The University of Illinois, The University of Tennessee, The University of Akron, and Wheaton College.

IPS UN Bureau

 


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World Bank-Funded Climate Resilience Project Saves Tanzania’s Port City from Drowning

The World Bank-funded Msimbazi Basin Development Project aims to turn Dar es Salaam’s flood-prone areas into a climate-resilient green park. Credit: Kizito Makoye/IPS

The World Bank-funded Msimbazi Basin Development Project aims to turn Dar es Salaam’s flood-prone areas into a climate-resilient green park. Credit: Kizito Makoye/IPS

By Kizito Makoye
DAR ES SALAAM, Tanzania, Jul 24 2025 – When the rains pounded through the night, 44-year-old Teresia Katimba clutched her rosary and prayed silently, her fingers trembling with each whispered Hail Mary. A devout Catholic and mother of four, she stayed awake, huddling her children, hoping the floodwaters wouldn’t engulf them.

In Jangwani, a flood-prone neighborhood in Dar es Salaam, where the Msimbazi River slithers through crowded shacks and a tangle of mangroves, heavy rains routinely trigger flooding and displacement.

“There were nights we didn’t sleep,” says Katimba. “You just sat awake, waiting for the water to come.”

Katimba had learned to read the signs. And on that night, they spelled danger. Her house, nestled precariously beside the riverbank, became a target for misery. Murky floodwater—infested with sewage, discarded plastic bottles and garbage—perpetually surged through the door, soaking mattresses and spoiling maize flour, charcoal and dried sardines.

“My children were terrified; we somehow managed to survive anyway,” she says.

Katimba, an entrepreneur, saw the danger. But like many residents in the impoverished neighborhood, she stayed put—until the floods almost swept away everything.

Today, her life is different. She received compensation in 2024 and relocated to Madale, a dry, forested neighborhood 39 kilometers away, where she built a modest house. “We’re very happy to be here,” she says. “There’s no floodwater to worry about.”

The plight of Katimba’s family highlights wider challenges for many city dwellers.

Teresia Katimba has moved from the dangerous floodplains to safer grounds. Credit: Kizito Makoye/IPS

Teresia Katimba has moved from the dangerous floodplains to safer ground. Credit: Kizito Makoye/IPS

Miraculous Escape

Matilda Msemwa, a resident of Kigogo, recalls how the floods engulfed her living room and destroyed her valued furniture.

Shortly after midnight she sensed a foul smell and an abrupt change in air pressure. Minutes later, the floodwater had risen to waist level.

“I had to scream for help. My daughter nearly drowned as the floods violently filled the house,” she says

Rapid Urbanization

Home to 5.8 million people, Dar es Salaam, one of Africa’s fastest-growing cities, is highly vulnerable to flooding. Around 70 percent of its inhabitants live in informal settlements that are prone to flooding. In 2018, one flooding event at the Msimbazi basin inflicted property damage worth USD 100 million, or 2 percent of the city’s GDP, according to World Bank data.

But for the first time, Dar es Salaam is tackling the flood menace head-on.

Backed by climate financing, the USD 200 million World Bank-funded Msimbazi Basin Development Project aims to turn Dar es Salaam’s flood-prone areas into a climate-resilient green park.

Running through 2028, the project targets the city’s lower Msimbazi River basin, home to 330,000 people living in squalid settlements.

Plans include modern flood control infrastructure—river dredging, terracing, and a complete overhaul of the Jangwani bridge and bus depot.

“This project was conceived after the floods in February 2018, which were very devastating,” says John Morton, a project manager at the World Bank. “The then vice president, who is now the president, convened all the agencies to say, ‘Please come up with a solution for Msimbazi’.”

It was precisely this reality that gave birth to the Msimbazi Opportunity Plan—a comprehensive roadmap to restore the degraded basin and manage future floods. That blueprint is now being realized through a concessional loan from the International Development Association (IDA), part of the World Bank Group.

“IDA credits are concessional,” Morton explains. “They are basically low- or no-interest, with a long grace period and a long repayment period.”

A graphic representation of the Msimbazi Basin Development Project.

A graphic representation of the Msimbazi Basin Development Project.

More Than Money

But it’s not just the World Bank putting its money where the floodwaters are. The Netherlands and the Spanish Agency for International Development Cooperation (AECID) are also on board.

“The Netherlands’ contribution is a grant,” says Morton. “They’re financing 30 million euros, matching our co-financing for a particular subcomponent of the project… It’s a big earthworks contract. They’ll finance 50 percent up to their 30 million euro cap, and then we finance the rest.”

The Spanish funds, he adds, are structured similarly to IDA’s and will be blended into the project once finalized.

Evacuating to Safety

One of the most controversial parts of the initiative is the resettlement of low-income residents currently living in the floodplain. For Morton, the logic is simple—rescue starts with relocation.

“It was very evident that people did not want to live there,” he says. “Their property was being damaged. Their kids were out of school… the flooding was too devastating.”

According to the World Bank, USD 30 million has been disbursed for resettlement of around 3,500 households trapped in high-risk areas.

Reclaiming the Green

At the center of the project’s vision is not just dry homes but a green, living park. The Msimbazi floodplain, currently a chaotic sprawl of settlements and garbage, will be restored to a natural detention area—a place where floodwaters can spread without destroying lives and property.

“Eventually, what we’ll have is basically a flood detention area that’ll be a park and have natural ecosystems, as well as some more park facility-like things that can naturally flood as it should,” Morton says.

Mangrove forests—critical to both river and marine ecosystems—will be protected and expanded.

“The mangroves provide an important function, both on the coastal side and for the river itself,” says Morton. “Right now, they’re under stress from sedimentation and garbage. The idea is to expand them and maintain their function in purifying the water.”

Waste Not, Want Not

Another key concern for Dar’s residents is waste—both solid and liquid—that chokes the river and pollutes the Indian Ocean. Unplanned dumping of rubbish, household sewage, and industrial effluents has turned the river into a toxic soup in places.

The project, says Morton, addresses this head-on.

“There’s a component on watershed management… including reforestation in the middle and upper basin, protection of riverbanks, and investments in solid waste management,” he says.

Many of these interventions target informal settlements that currently dump waste directly into the river.

“There are investments to help organize them and organize services to make sure that collection improves,” he adds.

On the sewage front, the project will initiate a comprehensive monitoring programme to better understand wastewater flows and engage responsible agencies like DAWASA to develop sewerage plans.

Cautious Optimism

‘It’s a turning point—but only if we get it right,’ says Sylvia Macchi, an urban expert on Msimbazi Valley Project

For Macchi, a respected urban development specialist and long-time observer of Dar es Salaam’s planning chaos, the Msimbazi Valley Development Project is “perhaps the most ambitious climate-resilience intervention this city has ever attempted.”

But she’s not clapping just yet.

“We’ve seen grand plans come and go in Dar,” she says. “What matters now is execution—not promises.”

The professor, who has spent decades researching informal settlements and urban flooding in Tanzania, believes the project has the potential to redraw the city’s future—if handled properly.

“Clearing the valley, relocating at-risk communities, and restoring green spaces along the Msimbazi River—that’s urban transformation at scale,” she tells IPS.

Will it Last?

All eyes are now on the future. The project is scheduled to run until 2028—but what happens then?

“There’s an idea to create an institution to manage the park, real estate, and broader watershed,” Morton says. “That’s being studied now—on the legal aspects and how it would be financed.”

Revenue could come from land sales, developer fees, and even regulated sand mining.

“There’ll be proper sand mining, which will help manage the watershed and generate funds,” he explains.

This institution will oversee not just park maintenance but also ensure that gains in environmental protection and climate resilience are not lost after the project closes.

An Oasis in the Making

In a city gasping for green space, the transformation of the Msimbazi floodplain into an urban oasis is as symbolic as it is strategic. Dar es Salaam doesn’t just need protection from floods—it needs hope. And for Morton, the basin’s rebirth is about more than drainage ditches and concrete.

“This is going to be an asset for the city,” he says. “Not only to reduce flooding but to be a park—a green space that doesn’t exist in Dar es Salaam now. Everybody will have access to it, including low-, medium-, and high-income people. That’s the broader benefit.”

If successful, the Msimbazi Basin Development Project won’t just protect Dar’s poorest—it will provide a blueprint for climate-resilient urban planning across Africa.

“This is about turning adversity into opportunity,” Morton says with measured optimism.

From the banks of the Msimbazi River to the halls of the World Bank, the vision is clear. Dar es Salaam will no longer surrender to the floodwaters. With strong oversight, community input, and green innovation, the city’s greatest vulnerability may just become its most precious asset.

IPS UN Bureau Report

 


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Synervest Group lève 4 millions de dollars en série A en vue de donner un coup d’accélérateur à son développement international et à son infrastructure fintech institutionnelle

ABOU DABI, Émirats arabes unis, 24 juill. 2025 (GLOBE NEWSWIRE) — Global Market — Synervest Group, fintech holding développant une infrastructure institutionnelle dans les domaines du trading, des solutions de paiement et de la technologie financière, annonce ce jour avoir levé 4 millions de dollars dans le cadre d’un financement de série A. Ce tour de force se doit à Jura Investment Group, avec le concours confirmé de CMT Digital, et porte la valorisation de l’entreprise à 60 millions de dollars, soit le double de sa valorisation d’il y a à peine 12 mois.

Ce financement se concrétise à l’issue d’une nette embellie commerciale et opérationnelle enregistrée au sein de toutes les branches des services financiers de Synervest. Les fonds serviront à doper son développement à l’échelle mondiale, renforcer l’empreinte réglementaire du groupe et enrichir son offre institutionnelle.

« Accueillir Jura comme partenaire stratégique aux côtés de CMT Digital, qui nous témoigne un appui constant, reflète une validation majeure de notre modèle et de notre vision à long terme », explique Alexander Oelfke, associé fondateur de Synervest Group. « Cette alliance nous permet d’accélérer notre croissance, de renforcer nos offres réglementaires et d’étendre notre portée sur les marchés institutionnels », poursuit–il.

À l’appui de ses entités juridiques et licences réglementaires dans des juridictions internationales clés, Synervest exploite des centres opérationnels en Europe et au Moyen–Orient, et se met au service des institutions financières en quête d’une infrastructure transfrontalière évolutive et conforme aux directives en vigueur.

« Un fort potentiel se détache de Synervest Group et nous nous réjouissons d’accompagner son développement à l’échelle mondiale. Son approche nouvelle de la fintech fait parfaitement écho à notre vision, et nous avons hâte de lui apporter notre expertise et précipiter sa croissance », indique Bas Kooijman, PDG de Jura Investment Group.

Pour Jan–Dirk L., cofondateur de CMT Digital, « L’avenir des marchés financiers sera à la main des entreprises capables d’exercer leurs activités à l’échelle mondiale tout en respectant les exigences réglementaires les plus strictes. C’est là précisément l’ambition de Synervest, à savoir développer une infrastructure de trading robuste conçue pour les institutions d’envergure mondiale. Nous sommes fiers d’accompagner sa prochaine phase de croissance ».

À propos de Synervest Group

Synervest Group est une fintech d’envergure mondiale développant un écosystème interconnecté et standardisé dans le respect des exigences de conformité. Sa plateforme permet de proposer des solutions évolutives adaptées aux modèles B2B et B2C, à déployer en interne comme en externe dans les domaines du trading, des systèmes de paiement et de la technologie financière. Domicilié dans la zone franche Abu Dhabi Global Market (ADGM), le groupe exerce ses activités à travers des centres financiers internationaux clés et dispose de licences réglementaires dans plusieurs juridictions.

Coordonnées
Marc Suárez – responsable marketing
[email protected]


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Synervest Group sichert sich 4 Mio. US-Dollar in Serie-A-Finanzierung zur Beschleunigung der globalen Expansion

ABU DHABI, Vereinigte Arabische Emirate, July 24, 2025 (GLOBE NEWSWIRE) — Global Market—Synervest Group, eine Fintech–Holdinggesellschaft, die institutionelle Infrastruktur in den Bereichen Handel, Zahlungsverkehr und Finanztechnologie bereitstellt, gab heute bekannt, dass sie eine Serie–A–Finanzierungsrunde in Höhe von 4 Millionen US–Dollar erfolgreich abgeschlossen hat. Angeführt wurde die Runde von der Jura Investment Group, mit erneuter Beteiligung von CMT Digital. Die Bewertung der Synervest Group steigt damit auf 60 Millionen US–Dollar – und hat sich damit innerhalb eines Jahres verdoppelt.

Die Kapitalzufuhr folgt auf eine Phase starker kommerzieller und operativer Entwicklung im gesamten Finanzdienstleistungsportfolio von Synervest. Die Mittel werden eingesetzt, um die internationale Expansion zu beschleunigen, die regulatorische Präsenz des Unternehmens auszubauen und das institutionelle Angebot weiter zu stärken.

„Die Gewinnung von Jura als strategischem Partner und die fortgesetzte Unterstützung durch CMT Digital sind eine starke Bestätigung für unser Geschäftsmodell und unsere langfristige Vision“, so Alexander Oelfke, Gründungspartner der Synervest Group. „Diese Partnerschaft ermöglicht es uns, schneller zu wachsen, unsere regulatorischen Kompetenzen zu vertiefen und unsere Präsenz auf institutionellen Märkten auszubauen.“

Mit juristischen Einheiten und behördlichen Zulassungen in wichtigen internationalen Rechtsgebieten betreibt Synervest operative Zentren in Europa und im Nahen Osten und unterstützt Finanzinstitute, die eine konforme, skalierbare und grenzüberschreitende Infrastruktur benötigen.

„Wir sehen großes Potenzial in der Synervest Group und freuen uns darauf, ihre globale Expansion zu unterstützen. Ihr innovativer Ansatz im Bereich Fintech passt gut zu unserer Vision, und wir freuen uns darauf, mit unserem Fachwissen zu ihrem Wachstum beizutragen“, so Bas Kooijman, CEO der Jura Investment Group.

„Die Zukunft der Finanzmärkte wird von Unternehmen geprägt sein, die grenzüberschreitend tätig sind und gleichzeitig die höchsten regulatorischen Standards erfüllen“, erklärte Jan–Dirk L., Mitbegründer von CMT Digital. „Synervest schafft genau das: eine robuste Handelsinfrastruktur, die speziell für globale Institutionen entwickelt wurde. Wir sind stolz darauf, das Unternehmen in seiner nächsten Wachstumsphase zu unterstützen.“

Über die Synervest Group

Die Synervest Group ist eine globale Fintech–Plattform, die ein einheitliches und stark vernetztes, compliance–orientiertes Ökosystem bietet. Sie ermöglicht skalierbare Lösungen für B2B– und B2C–Modelle – sowohl für den Eigengebrauch als auch für externe Anwendungen – in den Bereichen Handel, Zahlungsverkehr und Finanztechnologie. Mit Hauptsitz im Abu Dhabi Global Market (ADGM) ist das Unternehmen in wichtigen internationalen Finanzzentren mit behördlichen Lizenzen in mehreren Rechtsordnungen präsent.

Kontakt
Marc Suárez – Head of Marketing
[email protected]


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