Nikkiso Clean Energy & Industrial Gases Group and GTT Announce Partnership to Advance LNG-Fueled Shipping Market

Nikkiso CE&IG and GTT team members

Nikkiso Clean Energy & Industrial Gases and GTT teams get together at SMM in Hamburg, Germany.

TEMECULA, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group, part of Nikkiso Co. Ltd.’s Industrial Business segment, and GTT announced today they have entered into a partnership to support the LNG-fueled cargo shipping market. The partnership between Nikkiso CE&IG and GTT brings together cutting-edge engineering and technology for LNG membrane containment and process systems and best-in-class hardware, global manufacturing and technical integration competencies.

GTT’s patented Recycool™ technology ensures boil-off gas (BOG) is recovered and managed safely to avoid unwanted emissions and improve fuel efficiency. Integrated with Nikkiso’s high-pressure fuel gas pump skids, the partnership provides ship owners with enhanced performance by maintaining reliability durability and efficiency to give customers a competitive edge in the market.

Our partnership with GTT and complementary expertise advances the growth of both companies in the LNG-fuelled shipping market,” said Nikkiso Clean Energy & Industrial Gases CEO Adrian Ridge. “This strength is evidenced by the first large order for 10 container ships, and we expect more awards in the future.”

Jean-Baptiste Choimet, Chief Executive Officer of GTT, stated: “I’d like to thank the Nikkiso team for their support and collaboration. With GTT’s expertise in reducing boil-off rates through our membrane technology, the Recycool™ system now provides LNG-fueled vessels with effective solutions for managing boil-off and lowering their carbon footprint. The adoption of Recycool™ by leading Chinese and Korean shipyards reflects the industry’s trust in this solution.”

The value of this partnership has already been recognized by large ship owners with a recent award from a leading shipping operator and numerous projects under negotiation for a variety of ship types.

About Nikkiso Clean Energy & Industrial Gases Group

The Nikkiso Clean Energy & Industrial Gases Group is a leading provider of cryogenic equipment, technologies and applications for clean energy and industrial gas market segments. The Group employs more than 1,700 people in 22 countries and is headed by Cryogenic Industries, Inc. in Southern California, U.S., which is a wholly owned subsidiary of Nikkiso Co., Ltd. (TSE: 6376).

Media contact
pr@nikkisoceig.com

Nikkiso CE&IG marine

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8254d660-5938-486d-af42-c71dbf70962f

GlobeNewswire Distribution ID 9226105

Foreign Investors in SouthFace Village at Okemo (JF36) Project Obtain Conditional Green Card Approvals

WASHINGTON, Sept. 05, 2024 (GLOBE NEWSWIRE) — EB5 Capital is pleased to announce the first two I-526E petition approvals for investors in its SouthFace Village at Okemo (JF36) project. An I-526E approval is a significant step in the EB-5 immigration process as it qualifies the investor and their eligible immediate family members for conditional permanent residency in the United States. The approved petitions were filed in December 2023 and January 2024.

The SouthFace Village at Okemo (JF36) project is a $103.8 million residential development containing 26 mountain chalets, 24 fully-furnished townhomes, and 6 condominiums, spanning 200-acres on the south face of Okemo Mountain, located in Ludlow, Vermont. EB5 Capital raised foreign capital from 37 investors, representing a variety of nationalities, to finance a portion of the capital stack.

“We are pleased to have received the first I-526E approvals for this project,” said Molly FitzGerald, Director of Investor Communications and Engagement at EB5 Capital. “This significant milestone underscores our commitment to providing exceptional EB-5 qualifying investment opportunities to investors.”

To date, EB5 Capital has raised foreign investor funds across over 40 EB-5 projects throughout the United States. JF36 is EB5 Capital’s 31st project which has reached the conditional green card stage for foreign investors going through the EB-5 immigration process. Now that the first petitions have been approved, additional I-526E petition adjudications for this project are expected in the coming months.

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 9226075

Foreign Investors in SouthFace Village at Okemo (JF36) Project Obtain Conditional Green Card Approvals

WASHINGTON, Sept. 05, 2024 (GLOBE NEWSWIRE) — EB5 Capital is pleased to announce the first two I-526E petition approvals for investors in its SouthFace Village at Okemo (JF36) project. An I-526E approval is a significant step in the EB-5 immigration process as it qualifies the investor and their eligible immediate family members for conditional permanent residency in the United States. The approved petitions were filed in December 2023 and January 2024.

The SouthFace Village at Okemo (JF36) project is a $103.8 million residential development containing 26 mountain chalets, 24 fully-furnished townhomes, and 6 condominiums, spanning 200-acres on the south face of Okemo Mountain, located in Ludlow, Vermont. EB5 Capital raised foreign capital from 37 investors, representing a variety of nationalities, to finance a portion of the capital stack.

“We are pleased to have received the first I-526E approvals for this project,” said Molly FitzGerald, Director of Investor Communications and Engagement at EB5 Capital. “This significant milestone underscores our commitment to providing exceptional EB-5 qualifying investment opportunities to investors.”

To date, EB5 Capital has raised foreign investor funds across over 40 EB-5 projects throughout the United States. JF36 is EB5 Capital’s 31st project which has reached the conditional green card stage for foreign investors going through the EB-5 immigration process. Now that the first petitions have been approved, additional I-526E petition adjudications for this project are expected in the coming months.

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 9226075

AI-Media to Showcase Cutting-Edge Alta Platform Innovations at IBC 2024

AI-Media at IBC2024

Visit the AI-Media Team at IBC Booth # 5.C33

LONDON, Sept. 05, 2024 (GLOBE NEWSWIRE) — AI-Media, the leader in live video captioning and subtitling solutions, is set to unveil a suite of groundbreaking updates to its Alta platform at the International Broadcasting Convention (IBC) 2024 happening in Amsterdam, 13-16 September. As broadcasters across the globe seek to modernize workflows and improve accessibility, AI-Media continues to deliver innovative solutions that address the industry’s most pressing challenges.

Strategic Focus at IBC 2024

At IBC 2024, AI-Media will focus on expanding its footprint in the European market with its LEXI broadcast workflow, emphasizing solutions that deliver cost savings and workflow efficiencies. The primary highlights will include:

  • LEXI Live AI-Powered Captions: Offering hands-on trials to demonstrate the power, low-latency and accuracy of AI-Media’s automated captioning.
  • Gold standard SDI and video IP caption encoder tech trusted by major global broadcasters.
  • File-based Solutions: Promoting new solutions for video-on-demand captioning workflows.
  • Multilingual Captions and Translation: Showcasing solutions that support multiple languages to cater to diverse audiences.
  • Innovation Station: showcasing new tech on the horizon including LEXI Live Voice dubbing, LEXI automated audio description, generative AI topic modelling, automated sound effects recognition plus more.

AI-Media’s Value Proposition

For EMEA broadcasters, AI-Media offers turnkey subtitling solutions that integrate seamlessly into existing workflows, backed by over 20 years of in-field experience and a proven track record of delivering cost savings and workflow efficiencies for their customers. As a trusted partner to major broadcasters globally, AI-Media is committed to ongoing investment and innovation in subtitling solutions.

Revolutionary Alta Platform Enhancements

AI-Media’s latest updates to the Alta platform underscore the company’s commitment to delivering cutting-edge technology for live video captioning and subtitling:

  • SMPTE ST 2110-43 Support: AI-Media’s Alta now supports outputting live captions in a 2110-43 stream, leveraging the popular standard for transporting Timed Text Markup Language (TTML) within 2110 streams. This enables broadcasters to send non-Latin character sets in low bandwidth and facilitates easy integration with third-party systems, as well as conversion to online formats for OTT distribution.
  • Audio Dubbing Capabilities: LEXI audio dubbing support in Alta TS. Broadcasters will be able to create synthetically dubbed audio tracks in multiple languages, which can be inserted into MPEG TS output streams, offering new layers of accessibility.
  • SCTE Trigger Automation: Alta’s LEXI triggering automation enables automated control of captions during ad breaks. LEXI captions will automatically pause, or resume based on SCTE triggers, streamlining ad break management. Triggers can also be used to position captions.
  • DVB Subs Customization: Alta TS now allows end users to configure DVB Subs/bitmap caption appearance, including font size, colours, and positioning. This supports image-based characters, expanding accessibility for Asian languages.
  • Google Cloud Deployment: In addition to AWS, Alta is now deployable in Google Cloud, providing broadcasters with more cloud-based alternatives to enhance their operations.

The latest updates to the Alta platform are game-changers for broadcasters, offering unparalleled automation, flexibility, efficiency, and accessibility enhancements that meet the demands of modern media environments, from cloud-native deployments to advanced automation and multilingual support.

Visit AI-Media at IBC 2024

Experience AI-Media’s latest innovations at IBC 2024 and discover why broadcasters worldwide trust AI-Media to transform their captioning workflows. To book a 1:1 meeting click HERE. For more information, visit ai-media.tv.

Watch an interview between James Ward, Chief Sales Officer at AI-Media and TVB Europe about AI-Media’s planned showcase for IBC Show 2024.

About AI-Media

Founded in Australia in 2003, AI-Media is a pioneering technology company specialising in AI language and captioning workflow solutions.

As a global leader, AI-Media provides high-quality AI-powered live and recorded captioning and translation technology and solutions to a diverse range of customers and markets worldwide.

For the first time in February 2024, AI-Media unveiled groundbreaking data showcasing the superiority of its AI captioning product, LEXI, over traditional more expensive human workflows.

With deep industry experience and sophisticated AI technology to create solutions which streamline and simplify processes, AI-Media empowers leading broadcasters, enterprises and government agencies globally to ensure seamless accessibility and inclusivity of their content.

AI-Media (ASX: AIM) commenced trading on the ASX on 15 September 2020.

Media Contact: Fiona Habben – Fiona.habben@ai-media.tv

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/00176e34-613c-44dd-9daa-e1ec76c395d3

GlobeNewswire Distribution ID 9225725

XTCC Partners with FINMAAL DMCC to Offer Carbon Offset Opportunities for Financial Services Customers

London, Dubai, Sept. 05, 2024 (GLOBE NEWSWIRE) — XTCC, a firm specialising in tradable financial instruments tied to high integrity carbon credits, today announces a strategic partnership with Finmaal, a premier e-marketplace service provider focused on fintech and insurtech solutions, headquartered in Dubai, UAE. This partnership empowers Finmaal customers to elect to offset Greenhouse Gas (GHG) emissions directly associated with the Finmaal products they purchase through its platform, marking a significant step forward in the integration of sustainability within financial services.

XTCC’s expertise in the global carbon market and experience building financial products underpinned with high-quality carbon reducing projects will be leveraged to create offset calculations and products that can be accessed seamlessly by Finmaal’s diverse customer base. This collaboration aligns perfectly with XTCC’s mission to embed environmental sustainability into financial solutions, enabling individuals and businesses to actively reduce carbon footprints.

“We’re thrilled to partner with Finmaal, a company that shares our commitment to sustainability,” said XTCC CEO, Seth Elliott, “Through this collaboration, customers purchasing financial products, such as insurance and banking, will now have the option to offset their estimated carbon emissions during the transaction. This integration not only allows customers to see the specific impact of their choices but also empowers them to neutralise their carbon footprint more effectively. This partnership is an important step in XTCC’s strategy to enhance the inter-relationship between capital markets and the natural world.”

Muhammad Ashfaq-Ur-Rehman, CEO of Finmaal, added “As an ethical and innovative company, Finmaal is excited to partner with XTCC to offer our clients a straightforward way to contribute to global sustainability efforts, linked directly to their financial products and services.  For example, we will be able to estimate a vehicle’s annual carbon emissions over time and give purchasers the option to offset these at the point of sale. This is more than just ticking a box; it’s about offering tailored, actionable steps toward carbon neutrality, integrated into the financial services they already use.”

By leveraging Finmaal’s advanced technology and customer engagement strategies, this collaboration will ensure that users are both informed and equipped to take advantage of the carbon offset opportunities available. Both companies are committed to promoting sustainability in financial services, recognizing that integrating carbon offsetting into everyday financial activities is a crucial step toward global environmental responsibility.

-ENDS-

Contact

XTCC

Tina Kane
The Realization Group
tina.kane@therealizationgroup.com

Seth Elliott, CEO

seth@xtcc.investments

Finmaal 

info@finmaal.com

About XTCC 
The asset class for the net zero world XTCC is the world’s first stock market quoted investment ecosystem for high-integrity carbon credits sourced from verified, audited projects including renewable energy, nature-based solutions and blue carbon.

Investment is essential to bridge the multi-trillion-dollar gap in climate finance. XTCC has created financial instruments that, for the first time, establish fair market value as a reference for high-integrity carbon credits and provide capital markets with an ecosystem of financial instruments that enables liquidity to flow to the communities where it is most needed.

About Finmaal

Established in 2018 in Dubai, Finmaal is a leading fintech marketplace that combines cutting-edge technology with a deep focus and strong emphasis on financial literacy. Our mission is to empower individuals and businesses with the tools and knowledge they need to thrive in the ever-evolving financial landscape.

Finmaal leverages modern technology and embraces the latest trends to stay ahead of the curve. By harnessing the power of data, artificial intelligence, and automation, we drive innovation, streamline processes, and provide actionable insights that fuel informed decision-making.

With over 200,000 customers and in partnership with renowned insurance companies, Finmaal has established itself as a trusted name in the industry. Our wide range of offerings, including data science, market intelligence, intelligent automation and product design and development, are reshaping the way people interact with the world of finance. Our integrated platform provides seamless access to comprehensive solutions that cater to the diverse needs of our clients.

Find out more here.

Tina Kane

The Realization Group

tina.kane@therealizationgroup.com

Seth Elliott, CEO seth@xtcc.investments

GlobeNewswire Distribution ID 1000990034

‫ZRG تستحوذ على Linked4HR وتعين Hicham Hachkal عضواً منتدباً لاستشارات توظيف التنفيذيين المؤقتين والموارد البشرية في منطقتي الشرق الأوسط وأفريقيا

نيويورك ودبي, Sept. 05, 2024 (GLOBE NEWSWIRE) — أعلنت اليوم شركة ZRG عن استحواذها على شركة Linked4HR Solutions لخدمات التعيينات التنفيذية المؤقتة واستشارات الموارد البشرية في منطقة الشرق الأوسط وأفريقيا وتعيين Hicham Hachkal عضواً منتدباً لاستشارات توظيف التنفيذيين المؤقتين والموارد البشرية.

يملك Hicham Hachkal خبرة عريضة كمدير تنفيذي للموارد البشرية؛ إذ يتمتع بمسيرة مهنية متميزة تمتد لأكثر من 25 عاماً شهدت تقلده مناصب قيادية في بيئات متنوعة متعددة الجنسيات. وقد أصبح، بفضل خبرته العريضة بجانب خلفيته الأكاديمية، رائداً ذائع الصيت في مجال الموارد البشرية.

استفاد Hicham، بصفته المؤسس والرئيس التنفيذي لشركة Linked4HR، من خبرته الواسعة في إدارة خدمات استشارات الموارد البشرية المبتكرة وتوظيف التنفيذيين المؤقتين، حيث بنى من الصفر مؤسسة حديثة ومبتكرة شهدت نموًا هائلاً في جميع أنحاء الشرق الأوسط وأفريقيا وأوروبا. ساهمت قيادته في هذه المناطق بدور أساسي في تشكيل استراتيجيات موارد بشرية ناجحة وتحقيق نتائج استثنائية لمجموعة كبيرة من العملاء.

قبل ذلك، عمل Hicham مستشاراً تنفيذياً مؤقتاً في شركة Valtus، وهي شركة أوروبية رائدة في مجال توظيف التنفيذيين المؤقتين، حيث قاد عملية تحويل شركة ناشئة إلى مؤسسة من طراز عالمي. يُعرف معهد الابتكار التكنولوجي (TII) بأنه مركز عالمي رائد لأبحاث التكنولوجيا المتقدمة يتخذ من دولة الإمارات مقراً له ويركز على الأبحاث التطبيقية والتكنولوجيا الرائدة في مجال التشفير والأنظمة الآمنة والذكاء الاصطناعي/التعلم الآلي وأنظمة الروبوتات المستقلة والطاقة الموجهة والأمن الرقمي والمواد المتقدمة، والحوسبة الكمومية.

وقد شهد دوره كنائب رئيس الموارد البشرية في شركة Borr Drilling قيادة مبادرات استراتيجية للموارد البشرية ساهمت في تحقيق نمو كبير على مستوى العالم، بما في ذلك الإدراج الناجح للشركة في البورصة الأمريكية. من خلال المناصب السابقة التي شغلها Hicham في شركة Seadrill وBG Group (وهي الآن جزء من شركة SHELL)، وشركة Schlumberger، أثبت Hicham باستمرار قدرته على إدارة عمليات الموارد البشرية على نطاق واسع، ودفع عجلة التحول في الأعمال، وتعزيز الفعالية التنظيمية في مناطق متعددة.

“من جهته صرّح Larry Hartmann، الرئيس التنفيذي لشركة ZRG، قائلاً: “نحن سعداء بانضمام Hicham Hachkal إلى فريقنا في ZRG. ستضيف خبرته الواسعة وخلفيته التعليمية القوية وسجله الحافل بالنجاحات في قيادة الموارد البشرية وتوظيف التنفيذيين المؤقت قيمة لا تقدر بثمن في الوقت الذي نوسع فيه وجودنا وقدراتنا في الشرق الأوسط وأفريقيا. وتتماشى خبراته القيادية ورؤيته تماماً مع التزامنا بتقديم حلول مواهب عالمية المستوى لعملائنا.”

وقد أعرب Hicham Hachkal عن سعادته بالانضمام إلى ZRG Partners قائلاً “يسعدني أن أنضم إلى ZRG Partners. إن خبرتي كقائد في مجال الموارد البشرية في مختلف البلدان والصناعات، بالإضافة إلى رحلتي الناجحة في ريادة الأعمال مع Linked4HR، قد أعدتني لهذا الحقبة المقبلة في مسيرتي. يسعدني أن أنضم لشركة ZRG Partners لكي أصل إلى آفاق جديدة وأواصل تقديم قيمة استثنائية لعملائنا.”

حصل Hicham Hachkal على درجة الماجستير في إدارة الموارد البشرية من معهد Arts et Métiers كما درس دارسات عليا في الموارد البشرية من معهد الدراسات السياسية (Science Po) في باريس. وقد زودته خلفيته التعليمية بفهم قوي للجوانب الاستراتيجية والتشغيلية للموارد البشرية وهو ما طبقه طوال مسيرته المهنية.

نبذة عن ZRG

شركة ZRG هي شركة استشارية عالمية للمواهب تعمل إلى إحداث ثورة في كيفية توظيف الشركات للمواهب وإدارتها. تعمل ZRG على تغيير الطريقة التي يفكر بها العملاء في العثور على أفضل المواهب من خلال نهج قائم على البيانات في البحث التنفيذي والمهني. تجمع منصة Zi الرقمية الخاصة بالشركة بين ذكاء البحث عن المواهب وجمع معلومات متعمقة عن المرشحين وتحسينات عمليات التعيين لتقديم عمليات بحث عن الموظفين التنفيذيين بسرعة أكبر وبنتائج أفضل ثبت نجاحها.

وبدعم من شركة استثمارات الأسهم الخاصة RFE Investment Partners، تُعد ZRG واحدة من أسرع الشركات نموًا في مجال البحث عن الموظفين، حيث تقدم مجموعة كاملة من حلول البحث عن المواهب المحتفظ بها والمواهب عند الطلب والاستشارات والحلول الاستشارية في جميع أنحاء الأمريكتين وآسيا وأوروبا وأستراليا.

جهة الاتصال: John Mooney, Over the Moon PR, (908) 720-6057, john@overthemoonpr.com

GlobeNewswire Distribution ID 9225679

Day 335 of Genocide: Palestinian civilians killed, injured, in ongoing Israeli bombardment in Gaza

Five Palestinian citizens were killed and others were injured at dawn on Thursday, as a result of raids carried out by Israeli warplanes, in addition to artillery shelling that targeted the central and southern Gaza Strip. WAFA correspondents reported that four citizens were killed and others were injured, including children and women, in an Israeli shelling that targeted tents for displaced people in Al-Aqsa Martyrs Hospital in Deir al-Balah, central Gaza Strip. A citizen was killed and more than 10 others were injured in an Israeli shelling that targeted a tent for displaced people in Mawasi Khan Yunis. Israeli artillery shelling targeted the Sabra neighborhood, south of Gaza City, while occupation aircraft bombed a house in Sheikh Radwan neighborhood, north of Gaza City, which resulted in a number of citizens being injured. Occupation vehicles opened fire, amid artillery shelling towards Zeitoun neighborhood, southeast of Gaza City, and the northern area of ??Nuseirat camp, central Gaza Strip, coincid ing with the occupation warplanes bombing an empty land southwest of the camp. The occupation artillery also fired shells at the town of Abasan, east of Khan Yunis, south of the Gaza Strip, and at citizens' homes northwest of Rafah, south of the Gaza Strip. Additionally, the Israeli occupation army blew up residential buildings in Zeitoun neighborhood, southeast of Gaza City. Earlier last night, medical sources said that 23 people were killed, including children and women, in Israeli missile and artillery shelling of various areas of the Gaza Strip since dawn on Wednesday. Medical sources confirmed that the Palestinian death toll from the Israeli onslaught since October 7 has risen to 40,861 reported fatalities, with an additional 94,398 individuals sustaining injuries. The majority of the victims are women and children. According to the same sources, emergency services are still unable to reach many casualties and dead bodies trapped under the rubble or scattered on roads across the war-torn enclave, as Israeli occupation forces continue to obstruct the movement of ambulance and civil defense crews. Source: National news agency - Lebanon

Foreign Minister, Hungarian counterpart hold press conference

Manama, Dr. Abdullatif bin Rashid Al Zayani, Foreign Minister, and Péter Szijjártó, Minister of Foreign Affairs of Hungary, held a joint press conference on the occasion of Minister Szijjártó's official visit to Bahrain. Dr. Al Zayani welcomed the Hungarian Foreign Minister and highlighted the steady growth in relations between Bahrain and Hungary across various sectors. He pointed out the shared desire of both nations to expand their cooperation, particularly following the visit of His Majesty King Hamad bin Isa Al Khalifa to Hungary in 2019, which paved the way for closer strategic ties. He also acknowledged the positive outcomes of the visit by Hungary's former President Katalin Novák to Bahrain earlier this year. Dr. Al Zayani said the talks with his counterpart discussed enhancing cooperation in trade, investment, and economy. He underscored the importance of the Bahrain-Hungary Joint Economic Committee in achieving this goal, pointing to successful past meetings and the anticipation of future gath erings. The minister said the talks also addressed pressing regional and international issues, including the situation in Gaza and its humanitarian repurcussions. Dr. He stressed the need for an immediate ceasefire, the protection of civilians, and ensuring the flow of humanitarian aid. Dr. Al Zayani said he briefed Minister Szijjártó on Bahrain's efforts, led by His Majesty King Hamad bin Isa Al Khalifa, during its current presidency of the Arab Summit. He outlined the key initiatives from the Bahrain Declaration, which focus on strengthening Arab unity, promoting regional stability, and advocating for lasting peace. These include a call for an international peace conference to address the Palestinian issue, aiming to establish an independent Palestinian state with East Jerusalem as its capital. Dr. Al Zayani also highlighted Bahrain's support for Palestine's full UN membership, as well as initiatives to provide essential services, such as education and healthcare, to those affected by conflict. He al so noted efforts to enhance Arab cooperation in areas like financial technology, innovation, and digital transformation. He said an agreement between Bahrain and Hungary was signed, aimed at promoting and protecting investments, with both foreign ministers signing on behalf of their respective countries. This agreement is designed to boost economic and trade opportunities and attract joint investments. It also supports Bahrain's ongoing efforts to create a favourable environment for attracting international investments. The minister said that Minister Szijjártó had several bilateral meetings with Bahraini officials. During these talks, a Memorandum of Understanding (MoU) was signed between Bahrain's Ministry of Education and Hungary's Ministry of Foreign Affairs and Trade, focusing on the "Stipendium Hungaricum" scholarship programme for 2024-2027. This initiative is part of Bahrain's strategy to invest in its people by offering students opportunities to study in Hungary. On his part, Minister Szijjárt ó expressed his pride in the growing relationship between Bahrain and Hungary, particularly appreciating Bahrain's support during the COVID-19 pandemic, where Bahrain played a role in facilitating the use of Chinese vaccines for Hungary. He emphasised the significance of the investment agreement, which provides legal protection for Hungarian businesses investing in Bahrain and vice versa. He added that several Hungarian investments are expected to be launched in Bahrain soon. Minister Szijjártó affirmed Hungary's commitment to peace, commending nations that stand for peaceful resolutions. He praised Bahrain's leading role in promoting stability and its signing of the Abraham Accords, highlighting the Kingdom's efforts to maintain regional peace. He said both sides agreed on the need for a ceasefire in Gaza, the release of hostages, and avoiding further escalation. He also highlighted the European Union's strong focus on expanding cooperation with the GCC. He added that Hungary, during its EU presidency , is keen to push this relationship forward, aiming to finalise a free trade agreement and resolve the Schengen visa issue for GCC citizens. He expressed optimism about the upcoming GCC-EU summit in October, expecting it to yield positive outcomes for peace and collaboration. Source: Bahrain News Agency

Royal Endurance Team participates in opening ceremony of the World Endurance Championship

Monpazier, The Royal Endurance Team took part in the opening ceremony of the World Endurance Championship, which begins on Saturday with a 160-kilometre race in France. The Bahraini delegation is led by His Highness Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Humanitarian Work and Youth Affairs and Captain of the Bahrain Royal Endurance Team, riding "Averest La Magorie". The team also includes four riders: Jaffar Mirza on "Bolt de Vanels", HH Shaikh Isa bin Faisal bin Rashid Al Khalifa on "Viz Fagioli", Othman Al Awadhi on "Ermin Dartagnan", and Salman Isa on "Elmir de Bozouls". Reserve riders are: Sarhan Hameed and Hamad Isa. During the ceremony, the Royal Endurance Team, led by Dr. Khalid Ahmed Hassan, Royal Endurance Team Director, proudly carried Bahrain's flag onto the stage, accompanied by the riders. The event featured various performances and activities. Dr. Khalid emphasised that the team's presence in the championship highlights Bahrain's position in the endur ance sport world, which is a testament to the support of HH Shaikh Nasser Dr. Khalid added that the team is well-prepared, having enhanced their performance in European competitions, including His Highness Shaikh Nasser bin Hamad Al Khalifa's recent win in Hungary. He also wished the team success in the upcoming race. Source: Bahrain News Agency

Riyadh to Host Global PropTech Summit in October

The Real Estate General Authority (REGA) will host the inaugural Global PropTech Summit in Riyadh in October. The event will be held under the patronage of Minister of Municipalities and Housing and REGA Board of Directors Chairman Majed Al-Hogail. The National Housing Company (NHC) will serve as a strategic partner for the summit. This landmark event will bring together prominent real estate industry figures, experts, specialists, property technology (PropTech) leaders, representatives from investment funds and financial institutions, and CEOs of major real estate and PropTech companies. The summit will boast a dedicated PropTech exhibition featuring participation from local and international companies and platforms. Attendees will have the chance to immerse themselves in the latest PropTech innovations, explore practical applications, and gain insights into the industry's future, propelled by rapid technological advancements. This exhibition directly contributes to achieving the strategic goals of Sau di Arabia's real estate sector, placing it at the forefront of innovation and aligning with Vision 2030. The summit serves as a platform for knowledge exchange and collaboration. Over 100 speakers from 80 countries will share their experience and expertise, engaging in thought-provoking discussions with industry leaders. The summit promises a series of launches and agreements to propel the PropTech sector forward. Key topics on the agenda include fostering innovation and entrepreneurship in the future of PropTech and exploring the transformative potential of 3D printing technology. The summit also serves as a platform for forging partnerships with global entities. Emerging companies with promising and innovative solutions within the real estate industry will have a unique opportunity to showcase their work, connect with potential investors, and secure capital. With its strategic location connecting three continents, robust economy, thriving business environment, and dynamic real estate market, Saudi Arabi a is poised to become a leading hub for PropTech innovation. The Global PropTech Summit underscores this commitment and positions the Kingdom as an ideal launching pad for groundbreaking PropTech solutions with a global reach. The REGA invites anyone with a vested interest in the real estate technology sector, including researchers, specialists, and entities worldwide, to register at Source: Saudi Press Agency