August 9, 2024 - Saudi Arabia News Network

August 9, 2024

VinFast signs Qatar exclusive dealership agreement with Al Mana Holding W.L.L.

Mr. Hisham Saleh Al Mana, Chairman of Al Mana Holding Group (in white) and Mr. Ta Xuan Hien, CEO of VinFast Middle East (4th from the left), along with representatives from both parties at the signing ceremony.

Under the agreement, Al Mana Holding will become the exclusive dealer of VinFast in Qatar. With extensive experience and long-standing reputation in the automotive sector, Al Mana Holding will be a reliable partner, helping VinFast quickly capture the potential Qatar market by establishing a network of professional stores and services in the country.

Founded in the 1950s, Al Mana Holding is one of the leading economic conglomerates in Qatar. With a shared vision for a green future, the cooperation agreement between VinFast and Al Mana Holding promises to bring the people of Qatar smart and green mobility solutions, contributing to the sustainable development goals of the country as well as the Middle East region.

Mr. Ta Xuan Hien, CEO of VinFast Middle East, said: “The agreement with Al Mana Holding W.L.L. marks an important milestone in VinFast’s global market expansion strategy, and specifically, our entry into the Middle East. We are confident that Al Mana Holding’s reputation, expertise and market knowledge will enable us to quickly deliver premium products and services to Qatari customers.”

Mr. Hisham Saleh Al Mana, Chairman of Al Mana Holding, said: “We are thrilled to announce our exclusive partnership with VinFast in Qatar, adding to the Al Mana Holding’s portfolio. VinFast’s innovation and rapid growth showcase their high-quality products. By joining forces, Al Mana Holding and VinFast aim to revolutionize the Qatari automotive landscape, offering customers a range of cutting-edge electric vehicles that cater to their needs while minimizing environmental impact.”

Since the fourth quarter of 2023, VinFast has changed its strategy from a direct sales model to consumers to a hybrid model that leverages existing distribution infrastructure through the establishment of a global dealer network. It is expected that sales through dealers will contribute significantly to VinFast’s sales in the second half of 2024.

In addition to key markets such as the United States, Canada, and Europe, VinFast is actively expanding into neighboring countries in Asia such as India, Indonesia, Thailand, and the Philippines, as well as the Middle East and Africa.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play EV manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at: https://vinfast.com/

About Al Mana Holding W.L.L.

Al Mana Holding W.L.L. – a prominent Qatari conglomerate with a history dating back to the late 1950s. As one of the region’s leading automotive dealers since 1998, Al Mana Holding is known for its strong reputation and diverse business portfolio. Learn more at: https://www.almanaholding.com.qa/

August 9, 2024

VinFast signs Qatar exclusive dealership agreement with Al Mana Holding W.L.L.

DOHA, QATAR – Media OutReach Newswire – 9 August 2024 – VinFast Auto has officially signed an exclusive dealership agreement with Al Mana Holding W.L.L. for the distribution of VinFast electric vehicles (EV) across Qatar. The inaugural facility is planned to open in Q3/2024 in the heart of Doha city and will offer four VinFast e-SUV models VF 6, VF 7, VF 8, and VF 9 upon each model’s respective launch in the market.Mr. Hisham Saleh Al Mana, Chairman of Al Mana Holding Group (in white) and Mr. Ta Xuan Hien, CEO of VinFast Middle East (4th from the left), along with representatives from both parties at the signing ceremony.

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About VinFast

About Al Mana Holding W.L.L.

August 9, 2024

Global Economic Impact of Gambling Tax Soars

WATERFORD, Ireland, Aug. 09, 2024 (GLOBE NEWSWIRE) — The economic impact of gambling on national economies has been astronomical from 2020 -2024, according to the latest Statista research. The online gambling market alone is expected to generate an impressive US$97.70 billion by the end of 2024, with an annual growth rate of 6.46% projected to push the market volume to US$133.60 billion by 2029.

Minimum Deposit Casinos (MDC) – a division of the OneTwenty group – explored how governments were spending the gambling tax and the impact of it.

“We looked at the top 5 revenue generating countries in online gambling. It was evident that gambling tax is revolutionizing national economies, fueling vital public services, and spearheading major community and environmental projects. In fact, it has had a profound and life-changing impact globally, showcasing how crucial this revenue stream is for societal well-being and sustainable development,” said Miranda Raaff, MDC Head of iGaming Information.

Top 5 revenue-generating countries in online gambling 2024:

This image highlights the leading countries by revenue in online gambling for 2024, showcasing the significant contributions of gambling taxes to public services and infrastructure across various nations.

United States: US$14.4 billion contributed in direct gaming taxes to government in 2023. $750 million was earmarked for conservation work. The tax was also used for upland management, invasive species removal, flooding and sea-level rise resilience, and water maintenance needs.
UK: Betting/gaming tax was £3.4 billion in 2023/2024. A significant portion funds the National Health Service and improves healthcare facilities. Part of it used in community projects, roads infrastructure, public transport, and housing.
Australia: Gambling operators contributed AUS$5.8 billion to government in 2020. A big portion funded public hospitals, medical services, and mental health programs. It also supported public schools, universities, and training programs. Infrastructure like roads, public transport, and public housing also benefitted.
Germany – €5.2 billion was contributed in gambling tax for 2022. A huge portion funded public hospitals, medical research, and mental health services. Some used for unemployment benefits, housing assistance, and supporting low-income families. It was also utilized for infrastructure, arts/culture programs, and education.

Canada – Canada receives around CA$9 billion yearly in gambling tax. A huge portion goes to healthcare, social programs, public safety initiatives, environmental protection, infrastructure and more.

About MDC

MDC, a division of the OneTwenty Group, is an iGaming resource portal that reviews and recommends the most trusted and reliable online casinos globally. MDC conducts thorough vetting of casinos, focusing on security, gaming licenses, responsible gambling tools, and fair gaming practices.

Contact: miranda@onetwentygroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fce8a685-c9bc-4dee-932c-931e1a1d70e7

GlobeNewswire Distribution ID 1000985727

August 9, 2024

Global Economic Impact of Gambling Tax Soars

Minimum Deposit Casinos (MDC) – a division of the OneTwenty group – explored how governments were spending the gambling tax and the impact of it.

Top 5 revenue-generating countries in online gambling 2024:

United States: US$14.4 billion contributed in direct gaming taxes to government in 2023. $750 million was earmarked for conservation work. The tax was also used for upland management, invasive species removal, flooding and sea-level rise resilience, and water maintenance needs.
UK: Betting/gaming tax was £3.4 billion in 2023/2024. A significant portion funds the National Health Service and improves healthcare facilities. Part of it used in community projects, roads infrastructure, public transport, and housing.
Australia: Gambling operators contributed AUS$5.8 billion to government in 2020. A big portion funded public hospitals, medical services, and mental health programs. It also supported public schools, universities, and training programs. Infrastructure like roads, public transport, and public housing also benefitted.
Germany – €5.2 billion was contributed in gambling tax for 2022. A huge portion funded public hospitals, medical research, and mental health services. Some used for unemployment benefits, housing assistance, and supporting low-income families. It was also utilized for infrastructure, arts/culture programs, and education.

Canada – Canada receives around CA$9 billion yearly in gambling tax. A huge portion goes to healthcare, social programs, public safety initiatives, environmental protection, infrastructure and more.

About MDC

Contact: miranda@onetwentygroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fce8a685-c9bc-4dee-932c-931e1a1d70e7

GlobeNewswire Distribution ID 1000985727

August 9, 2024

Bitget’s July Report Highlights Bitget Wallet Becomes the Largest Integrated Wallet in the TON Ecosystem

Bitget’s July Report Highlights Bitget Wallet Becomes the Largest Integrated Wallet in the TON Ecosystem Bitget's July Report Highlights Bitget Wallet Becomes the Largest Integrated Wallet in the TON Ecosystem VICTORIA, Seychelles, Aug. 09, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its monthly report highlighting the ecosystem’s updates for July 2024. Bitget Wallet’s MPC wallet solution supports the TON mainnet, which allows users to easily create and import wallets via email. This positioned Bitget Wallet as the largest integrated wallet in the TON ecosystem. Not just this, Bitget Wallet surpassed popular apps like TikTok and WhatsApp in Nigeria with 200% in the month of June, positioning the wallet as the top choice for Nigeria-based crypto users.

Bitget recorded a notable start to Q3, Forbes recognized BGB in the list of best performing tokens in 2024, and CCData highlighted Bitget’s market share growth among centralized exchanges in the first half of the year. July witnessed the release of various reports and updates from Bitget, enhancing user awareness about the evolving crypto landscape. Bitget listed 33 new tokens, bringing the total count to 873. The total trading volume (TVL) reached $204.3 billion, with a 7.2% monthly growth. Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) led the top 10 cryptocurrencies by TVL, followed by PEPE, WLD, WIF, NOT, ZRO, and MEW – all memecoins.

In a strategic partnership with Upland, Bitget launched the utility token SPARKLET on Ethereum. This collaboration included establishing Bitget’s virtual headquarters in Upland’s metaverse, featuring extensive token airdrops and rewards for both communities. Bitget acquired Treasure Island, consisting of 888 properties. Additionally, Upland’s token, SPARKLET, was exclusively listed on Bitget’s launchpool, giving users a competitive advantage.

On the research side, Bitget in collaboration with Nansen, released insights on token-discovery strategies. The report provides traders with essential information and strategies for investing in early-stage projects. By evaluating data sets correlated to token prices, Bitget and Nansen offer valuable insights for traders.

The platform retained 25 million users with a daily trading volume of $10 billion. It currently hosts over 180,000 professional traders and 800,000+ copy trading followers. With over 80 million successful trades, users gained $500 million, and elite traders shared $23 million in profits. The platform offers 800+ tokens and 900+ spot trading pairs, with a daily spot trading volume of $400 million and $7 billion in USDT-M Futures.

For more information, please visit the monthly report here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/82f7da0b-7789-432b-8766-8f617dd9d580

GlobeNewswire Distribution ID 1000985715

August 9, 2024

308 days of war on the Gaza Strip.. dozens of martyrs and targeting of schools and residential areas

Israeli aircraft continued their bombing of various areas in the Gaza Strip on the 308th day of the war, leaving a large number of martyrs and wounded. The Israeli occupation committed four massacres against families in the Gaza Strip, resulting in 22 martyrs and 77 injuries arriving at hospitals during the past 24 hours. The death toll from the Israeli aggression has risen to 39,699 martyrs and 91,722 injuries since October 7. Israel forced tens of thousands of citizens to flee again from the eastern villages of Khan Yunis under artillery shelling, air strikes and evacuation orders. Martyrs and wounded were killed in the occupation's bombing of a house in the town of Abasan, east of Khan Yunis, while the number of martyrs of the Ahmed family in Al-Qarara rose to six. The occupation forces began an incursion into the town of Al-Qarara, coinciding with heavy artillery shelling. The occupation army continues to destroy residential buildings in the city of Rafah, south of the Gaza Strip. The occupation f orces raided an evacuated building near Muawiya Mosque, west of Rafah. Paramedics recovered the bodies of two citizens from West Rafah. Middle of the sector Four martyrs were killed in the targeting of a house belonging to the Matar family west of the Nuseirat camp. They are four siblings from the Matar family: Yasser, Yasmine, Ikhlas and Ahmed Akram Matar. Two martyrs and several others were injured when a house belonging to the Al-Madfai family was targeted near Al-Sikka Street, north of Al-Maghazi camp in the central Gaza Strip. The occupation army committed a massacre by targeting a residential area in the middle of Al-Bureij camp, which led to the martyrdom of 15 Palestinian citizens who were transferred to Al-Awda Hospital in Al-Nuseirat, along with three martyrs who were killed in a bombing of the vicinity of the electricity company. Gaza and the North Three martyrs and a number of wounded were killed after a house belonging to the Hawila family was targeted in Block 4 in Jabalia camp, north of the Gaza Strip. In a related context, the Civil Defense confirmed that the number of martyrs in Al-Zahraa and Abdul Fattah Hamoud schools had risen to 16 martyrs and 35 wounded. Medical sources said that 11 martyrs were from the Mahani family. Five citizens were killed in a bombing of a gathering of citizens in the Zeitoun neighborhood, south of Gaza City. Source: Maan News Agency

August 9, 2024

8 martyrs in Israeli raids targeting Nuseirat, Maghazi and Jabalia camps

Eight citizens were killed and others were injured, Friday morning, in raids launched by Israeli warplanes, which specifically targeted the Nuseirat, Maghazi and Jabalia refugee camps, in addition to the cities of Khan Yunis and Rafah in the southern Gaza Strip. Health sources reported that 3 citizens were killed and others were injured as a result of an Israeli airstrike that targeted the Matar family's house west of the Nuseirat camp in the central Gaza Strip. Two citizens were also killed in a similar raid by the occupation that targeted homes in Al-Maghazi camp in the central Gaza Strip. Local sources reported that the occupation aircraft bombed a house in Block 4 in Jabalia camp, north of the Strip, which resulted in the death of 3 martyrs and a number of wounded, while a number of citizens were killed and wounded as a result of targeting a tent for displaced people in the Al-Shawafin area in Abasan Al-Kabira, east of Khan Yunis. The Israeli occupation army continued to bomb and detonate homes and r esidential areas in Rafah Governorate, where several homes were blown up in the west of the city. Thirty-nine citizens were martyred yesterday afternoon, Thursday, when the Israeli occupation forces bombed two schools housing displaced people east of Gaza City, and homes in the central and southern Gaza Strip. The death toll from the occupation's aggression on the Gaza Strip has risen, according to medical sources, to 39,699 martyrs and 91,722 wounded since October 7, 2023, while thousands of victims are still under the rubble and on the roads, and ambulance and civil defense crews cannot reach them. Source: Maan News Agency

August 9, 2024

Architecture graduates Mahmoud Abu Hammad and Amani Issa design the ‘Al-Quds University Teaching Hospital’ project

Students Abu Hammad and Issa wrote: "The southeast Jerusalem community suffers from a weak health infrastructure, which includes only simple health centers. This makes obtaining treatment a major challenge facing the residents of the area due to the difficulty of reaching one of the hospitals in the West Bank or the hospitals in occupied Jerusalem. Al-Quds University includes the Faculties of Medicine and Health Professions, whose students constitute the largest percentage of the university, and they need clinical training services under the supervision of the teaching staff to obtain continuous and effective practical training. After studying the needs of the population and students, the proposal was to design Al-Quds University Teaching Hospital as a model that combines education and treatment, to provide an educational opportunity and benefit the local community, integrate the university environment with its surroundings, and meet the health needs of the population. It includes the most important emerg ency medical departments (emergency, laboratories, medical imaging, surgery, obstetrics and gynecology, internal medicine, pediatrics, kidneys, and physical therapy). Through this project, we seek to improve health care in the South East Jerusalem community and provide a practical educational experience for students. The project includes therapeutic spaces interspersed with many community and educational spaces. Source: Maan News Agency

August 9, 2024

The occupation arrests citizens from Hebron Governorate

Israeli occupation forces arrested two citizens from the Hebron Governorate on Friday. Security sources said that the occupation forces stormed the town of Beit Ula, northwest of Hebron, and arrested the young man Rami Hatem Abdul Rabbo Al-Adam (22 years old), and also arrested Khalidoun Muhammad Manasra from the town of Bani Naim, east of Hebron, and searched the homes of the two detainees and ransacked their contents. The occupation forces also raided neighborhoods in the city of Hebron and searched several homes. Source: Maan News Agency

August 9, 2024