Day: August 9, 2022

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MENA Pakistan Press Releases

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Yext, Inc. Investors to Secure Counsel Before Important August 16 Deadline in Securities Class Action – YEXT

NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) — WHY:  Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yext, Inc. (NYSE: YEXT) between March 4, 2021 and March 8, 2022, both dates inclusive (the “Class Period”), of the important August 16, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Yext securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Yext class action, go to https://rosenlegal.com/submit-form/?case_id=7115 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 16, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Yext’s revenue and earnings were significantly deteriorating because of, among other things, poor sales execution and performance, as well as COVID-19 related disruptions; (2) accordingly, Yext was unlikely to meet consensus estimates for its full year (“FY”) fiscal 2022 financial results and fiscal 2023 outlook; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Yext class action, go to https://rosenlegal.com/submit-form/?case_id=7115 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

Categories
MENA Press Releases

SESAMI BECOMES THE GLOBAL LEADER IN CASH OPTIMIZATION SOFTWARE SOLUTIONS WITH ACQUISITION OF FINTECH PLANFOCUS

Planfocus’ AI based cash optimization software significantly deepens Sesami  software solutions offering and expands existing global client portfolio

AMSTERDAM, Aug. 9, 2022 /PRNewswire/ — Sesami Cash Management Technologies (“Sesami”), a global cash ecosystem integrator and technology company, is pleased to announce its acquisition of Planfocus software GmbH (“planfocus”), a leading global fintech offering a highly advanced cash optimization technology.

“With this acquisition, Sesami becomes the global leader in cash optimization solutions, with an unrivalled technology stack now up-scaled with the addition of planfocus’ cutting-edge cash optimization software,” said Steph Gonthier, Chief Executive Officer of Sesami. “Integrated to our enterprise cash ecosystem software platform, planfocus’ AI based technology and strong team will further enable Sesami to deliver the only true end-to-end tech-enabled cash ecosystem solution to financial institutions and consumer businesses,” he added.

Founded in 2004 and based in Munich, Germany, planfocus’ leading cash optimization software solutions help reduce logistics spending and cash holding costs, while improving availabilities and service levels for clients. Its technology empowers financial institutions and consumer businesses worldwide in driving up process optimization and bringing tangible cost and service efficiencies throughout their cash ecosystem.

“We are extremely proud to be joining forces with Sesami, a state-of-the-art innovator and disruptive global leader, to offer a true end-to-end and fully integrated cash software solution enabling financial institutions and consumer businesses to seamlessly manage and outsource their entire cash ecosystem. As part of Sesami, we will now be able to truly scale our next generation technology and bring our unmatched cash optimization solutions to a broader global client base,” said Dr. Joachim Walser, CEO and Co-Founder of planfocus.

The integration of planfocus further expands Sesami’s global client portfolio to include some the world’s leading financial institutions and consumer businesses. The integration to its existing technology stack will also expand its cash optimization offering for its existing client base. Currently, planfocus optimizes the operations of over 78,000 bank branches, ATMs and cash processing centers, and driving over 300 billion Euros in physical cash shipments every year.

ABOUT SESAMI

Sesami, an independent entity of Garda World Security Corporation, is the only true end-to-end global cash ecosystem platform, offering software, intelligent devices and managed services that help financial institutions and consumer businesses optimize their cash ecosystem performance through a single custody solution provider. For more information visit www.sesami.io

Media Contact: Maxime-E. Illick, PELICAN PR, media@rppelican.ca, (514) 845-8763

Categories
Arabic MENA Press Releases

‫ابحرت كل من M/V Riva Wind و M/V أريزونا من أوكرانيا مع 105000 طن من الحبوب

سفينتان إضافيتان تلتقطان الحبوب في روسيا

جاكرتا، أندونيسيا، 8 غشت/آب 2022 / PRNewswire / — غادرت سفينة M/V Riva Wind التابعة لِـ Harvest Commodities ، من ميناء أوديسا بأوكرانيا بحمولة 50000 طن من الحبوب، وغادرت السفينة الثانية، M/V Arizona ، ميناء تشورنومورسك بأوكرانيا مع 55000 طن من الحبوب. تنتمي الحبوب إلى مشروع مشترك بين Harvest Commodities SA ومجموعة Arsari الإندونيسية. المشروع المشترك من خلال PT Comexindo International .

(Left to right) Arsari Group CEO Hashim S. Djojohadikusumo, Ukrainian Ambassador to Indonesia Vassyl Hamianin, Harvest Commodities SA Chairman Gaurav Srivastava in a meeting in Jakarta, 2 August 2022.

السفن هي من بين أولى الشحنات التجارية من أوديسا منذ اندلاع الصراع في 24 فبراير/شباط 2022. أصبح عبورهم الآمن ممكناً نتيجة للجهود الدؤوبة والاتفاق بين الولايات المتحدة والحكومات الروسية والأوكرانية والتركية والإندونيسية، فضلاً عن الأمم المتحدة.

قال غوراف سريفاستافا، رئيس شركة Harvest Commodities SA : “أود أن أهنئ التعاون بين قيادة الولايات المتحدة وروسيا وأوكرانيا وإندونيسيا وتركيا، لإيجاد أرضية مشتركة كافية بحيث يكون لديهم رؤية متسقة للتخفيف من نقص الغذاء العالمي”. “آمل أن تكون هذه خطوة أولى نحو تهدئة الصراع”.

“أود أيضًا أن أشكر بشكل خاص قباطنة وأطقم كلتا السفينتين، الذين ينتظرون على متن سفنهم منذ فبراير/شباط 2022 في أوكرانيا. إن إخراج السفن من ميناء أوديسا، الذي تم زرعه بالالغام، هو عمل شجاعة ومهارة عظيمتين “. هذه السفن متجهة إلى تركيا.

كما تقوم سفينتان إضافيتان بجلب الحبوب المملوكة لشركة Harvest  Commodities من نوفوروسيسك، روسيا – M/V Shark مع 25000 طن من الحبوب و M/V Bronco مع 10000 طن من الحبوب.

قال السيد سريفاستافا: “بالنظر إلى حقيقة أن إندونيسيا هي التي تترأس  مجموعة العشرين، فإنني ورئيس أرساري هاشم ديجوهاديكوسومو نتشارك رؤية مشتركة لدعم مبادرة برنامج الغذاء من كل من روسيا وأوكرانيا. يشرفنا أن نقوم بهذا العمل معًا “.

هذه الشحنة هي الأولى من بين العديد من الشحنات حيث يقوم المشروع المشترك PT Comexindo International بشراء الحبوب من المزارعين الروس والأوكرانيين وبيعها إلى المشترين الدوليين.

Harvest Commodities SA هي شركة تجارية وموزع دولي للمنتجات الزراعية تركز على مطابقة العرض والطلب، وإدارة سلسلة التوريد، وخلق قيمة من خلال الخدمات اللوجستية الشخصية والخدمات المالية وتخفيف المخاطر. للشركة عمليات في لوس أنجلوس، الولايات المتحدة الأمريكية/موسكو، روسيا، كييف، أوكرانيا/جنيف، سويسرا/جاكرتا، إندونيسيا.

PT Comexindo International ، المعروفة سابقًا باسم PT Prima Comexindo ، وهي عضو في مجموعة Arsari ، نشطة في التجارة الدولية منذ عام 1986، وخاصة في دول مثل روسيا وأوكرانيا وكازاخستان وأذربيجان وأوزبكستان ويوغوسلافيا السابقة وأفريقيا وجنوب شرق آسيا.

للتواصل:

اريسينو رضوان
 مجموعة Arsari إندونيسيا
 ariseno_ridhwan@arsari.co.id
 628111732078+

أونج هوك تشوان
 Maverick إندونسيا
 إندونيسيا
 ong@maverick.co.id
 628128511198+

تشارلي بيركنز
 مجموعة Hawthorn
 الولايات المتحدة الأمريكية
 cperkins@hawthorngroup.com
 1917232223+

رابط الصورة – https://mma.prnewswire.com/media/1873699/harvest.jpg

Categories
MENA Press Releases

China Wuling’s First Global Electric Vehicle Air ev Rollouted, First Step In Indonesia

JAKARTA, Aug. 8, 2022 /PRNewswire/ — On August 8th, Chinese automaker Wuling celebrated the Indonesian production rollout of its first global electric vehicle, the Air ev (right-hand drive version). This marks an important milestone for Wuling New Energy in global outreach as it achieves one million production models. Mr. Airlangga Hartarto, Coordinating Minister of Economic Affairs, and Mr. Agus Gumiwang Kartasasmita, Minister of Industry, Indonesia, together with Chinese ambassador to Indonesia Lu Kang, attended this launching ceremony.

Wuling, from China to the world

Based in China, Wuling New Energy has sold more than 1 million vehicles in 5 years, marking it the leading new energy automobile company in worldwide which reached this target the fastest. Joining the global market push, the Air ev will accelerate expansion in global markets, with the first stop in Indonesia. Moving forward, the Air ev will enter India, Egypt, and more regions around the world, asserting China’s status as a leader in smart automotive manufacturing.

China Wuling’s Air ev officially rolled out in Indonesia

The Air ev rollout aligns with the ‘blue ocean’ market focus of the Chinese “Belt and Road” initiative and acts to represent China’s strengths in intelligent manufacturing. As the best-selling Chinese car brand in Indonesia, the Indonesian government noted the great importance of the development of Wuling. In preparation for the global launch, the Air ev will be on display at the Indonesian International Auto Show on August 11th.

Indonesian government officials and Chinese ambassador to Indonesia attended the Air ev roll-out ceremony

Garnering international recognition and praise, the Air ev is set to upgrade the world’s perception of “Made in China.” In November 2022, the G20 summit will be opened in Bali, Indonesia, and due to its superior-quality travel experience and commitment to environmental sustainability, the Air ev has been chosen as the official vehicle for the 2022 G20 Summit. Wuling will demonstrate the innovative achievements of China’s intelligent manufacturing on a global stage, adding value to the summit to be a complete success.

Official car of the G20 Summit

Wuling New Energy drives development with innovation. The company is set to make every effort to advance on its overseas activities, continuing to bring high-quality new energy vehicles and service experiences to global car owners whilst demonstrating the high-tech capabilities of “Made in China.”

About SGMW

Founded in 2002, SGMW owns two high valued Chinese car brands, “Wuling” and “Baojun”. At present, SGMW has five major production bases: Liuzhou Hexi Headquarters, Liuzhou Baojun Base, Qingdao Branch, Chongqing Branch, and PT SGMW. In 2021, SGMW sold 1,760,176 units, up by 13.5 percent year-on-year, making it not only the No. 1 national car brand in terms of sales volume, but also has been well-recognized by more than 25.5 million customers. SGMW exported 145,550 units/set of vehicles and spare parts in 2021, covering more than 40 countries and areas, like Central and South America, Africa, Middle East and Southeast Asia.

Photo – https://mma.prnewswire.com/media/1874253/Image1.jpg
Photo – https://mma.prnewswire.com/media/1874254/Image2.jpg
Photo – https://mma.prnewswire.com/media/1874255/Image3.jpg
Photo – https://mma.prnewswire.com/media/1874256/Image4.jpg

Categories
Government Policy

Oversight bodies must be separate from partisan bickering, says PM

Prime Minister Bishr Khasawneh on Tuesday said that there is a need to separate the monitoring and security authorities’ work from partisan work on the path to enhancing political life.

The Prime Minister, during a senate session held on Tuesday, explained that oversight bodies should not be affiliated with partisan work, so that they can conduct their work impartially, protect the democratic process and the partisan framework concept, and encourage involvement in partisan work.

Oversight on financial affairs, human rights, or the judiciary, he indicated, should be free from any partisan practice, saying: “The nature of work for those who engage in judicial or supervisory work necessitates that they stay clear of partisan work until they leave public office.”

The Prime Minister further stressed the need for the judiciary to be separate from partisan work, in addition to ensuring the impartiality of the supervisory authorities on state finances, which monitor the spending of the executive body.

Source: Jordan News Agency

Categories
Affairs

Public-Private Partnership council established to boost mining sector

Minister of Energy and Mineral Resources, Saleh Kharabsheh, on Tuesday announced the formation of a Public-Private Partnership (PPP) council for mining, to deliver better services and raise the sector’s contribution to the gross domestic product.

The minister stressed the importance of this PPP as part of the implementation of the economic modernization vision, which will boost Jordan’s position in the field of mining industries, pointing to the need of establishing a research center for mining and metallurgy.

“Work is underway to develop a national program for mining, provide survey-related data, harmonize regulations with international standards, review the system of the financial incentive and attract foreign investment,” he added.

Moreover, the minister indicated that efforts are currently focused on establishing downstream industries projects, as well as launching a financing program to attract professionals and upgrade mining techniques.

“The ministry is promoting the mining sector to raise its economic indicators, with the aim of expanding its exports by 10.5 percent annually to hit about $5 billion in 2033,” he said.

Source: Jordan News Agency

Categories
Affairs

Jordan receives $1.5 billion in foreign aid in January-July of 2022

The Ministry of Planning and International Cooperation Tuesday said that foreign assistance (in grants and soft loans) stood at $1.5 billion in the January-July period of the current year.

The ministry told the Jordan News Agency (Petra) that foreign assistance includes $187.5 million in the form of grants and $1.1 million in the form of soft loans to support the general budget and to finance top priority projects in the sectors of social protection, employment, economic development and infrastructure, as well as additional grants to the Jordan Response Plan to the Syrian crisis, amounting to $252.5 million.

The ministry is also working to allocate foreign aid to implement top priority development programs and projects in accordance with the set plans and in coordination with all ministries and government institutions. By the end of July 2022, about 70 percent of the overall foreign aid was allocated to support the implementation of programs and projects outlined in the general budget law, while the other programs and projects were implemented by donors and funders and under the direct supervision of the ministries and institutions benefiting from these projects.

Official data issued by the ministry indicated that the social protection sector took the lion’s share of foreign aid, accounting for 45.7 percent, followed by the economic development sector with 32.7 percent, the employment sector with 8.7 percent, the infrastructure sector with 7.6 percent, and agriculture and food security by 2.5 percent, while the remaining amount was distributed among other sectors.

Source: Jordan News Agency

Categories
General

China sends three satellites into orbit with commercial rocket

China on Tuesday launched the CERES-1 Y3 carrier rocket from the Jiuquan Satellite Launch Center in northwest China.

The rocket blasted off at noon, as the third flight mission of the CERES-1 rocket series, sending three satellites into the planned orbit.

Source: Jordan News Agency

Categories
General

AND thwarts attempt to smuggle 60,000 captagon pills

The Anti-Narcotics Department (AND), in coordination with the security services and the Jordan Customs Department (JCD), on Tuesday, thwarted an attempt to smuggle 60,000 captagon pills hidden inside a plastic container at Jordan’s Jaber border crossing with Syria.

A spokesperson for the Public Security Directorate said that AND personnel found a suspicious container in one of the crossing facilities.

“It contained packs of cigarettes stuffed with captagon narcotic pills,” he added, noting that the investigation to apprehend those involved is still ongoing.

Source: Jordan News Agency

Categories
General

Arab Group hails Jordan’s efforts in protecting Jerusalem holy sites

The Arab Group at the United Nations on Monday praised Jordan’s continued efforts to protect the historical and legal status quo of the city of Jerusalem, under the Hashemite custodianship assumed by His Majesty, King Abdullah II.

In the statement, the Arab Group welcomed the cease-fire that ended Israel’s military operation in the Gaza Strip, as well as Egypt and Qatar’s crucial role in brokering the accord.

The statement was made by the Permanent Representative of Jordan to the United Nations, Ambassador Mahmoud Hmoud, who chairs the Arab Group for the month of August, during an emergency meeting of the Security Council devoted to the latest events in the Gaza Strip.

Hmoud indicated that the Israeli aggression against Gaza reflects the absence of the basic two-State solution, calling on the international community to provide international protection to the Palestinian people and to investigate violations against civilians, notably children.

“Comprehensive peace and security will be achieved by a return to serious and effective negotiations to reach a two-state solution, which embodies the independent and sovereign Palestinian state based on the lines of June 4, 1967, with East Jerusalem as its capital, in accordance with the international legitimacy, the Security Council’s resolutions, and the Arab Peace Initiative”, he indicated.

The Envoy also called for stopping all Israeli unilateral, provocative, and escalatory acts of aggression in Al Aqsa Mosque/ Al-Haram Al-Sharif, which is, with its total area of 144 dunums, a place of worship for Muslims only, while the Jordan-run Jerusalem Awqaf and Aqsa Affairs Department is the sole authority to supervise its affairs.

Source: Jordan News Agency