- The “Tourism and Green Investments” theme this year aims to promote mutual understanding, stimulate economic sustainability and nurture social prosperity in the sector
- With the world’s fastest post-pandemic sector recovery among G20 countries, Saudi Arabia’s hosting of World Tourism Day reflects its ambition to place tourism and sustainability at the heart of its Vision 2030 transformation.
- Tourism Global Sector Poised to Reach $9.5 Trillion in 2023
RIYADH, Saudi Arabia, Sept. 18, 2023 /PRNewswire/ — Leaders from across the global tourism sector are set to unite in Riyadh for this year’s UNWTO World Tourism Day (WTD), which will be celebrated from 27th – 28th September. Through a range of impactful events, global ministers, industry leaders and experts will highlight the power of tourism and explore avenues for collaboration to foster growth of the sector, placing people, the planet and prosperity front and center of proceedings.
Under the theme of “Tourism and Green Investments”, WTD 2023 will examine the role of investment in people and planet to secure livelihoods and foster mutual understanding, while exploring opportunities to extend the reach of the industry’s economic and social impact to more people around the world, safeguarding prosperity for all.
The global tourism sector is forecast to reach $9.5 trillion in GDP contribution in 2023, according to the WTTC. This is in line with UNWTO’s forecast that tourism remains well on track to reach 80% to 95% of pre-pandemic levels this year and is widely expected to exceed 2019 levels in 2024. As one of the biggest economic drivers of the global economy, the sector is responsible for a wealth of business and employment opportunities, while also playing a key role in bridging cultures, connecting people and enhancing mutual understanding. Reflective of the sector’s potential as a key driver for change, three themes will guide proceedings of the event: mutual understanding, economic sustainability, and social prosperity.
His Excellency Ahmed Al-Khateeb, Minister of Tourism of Saudi Arabia, said:
“We have a historic opportunity to chart a new course for the global tourism sector, centered on sustainable development, job creation, and economic resilience. Tourism – as a catalyst for change – fosters mutual understanding, builds bridges and safeguards cultural heritage and environmental conservation, contributing to a more harmonious world.
“World Tourism Day 2023 is an important platform for the world to celebrate the sector’s successes and explore solutions to its challenges. Saudi Arabia is honored to host this esteemed occasion and we look forward to welcoming tourism leaders from the public and private sectors to Riyadh.”
Additionally, Mr. Zurab Pololikashvili, Secretary-General of the UNWTO, added:
“This World Tourism Day, we focus on the vital need to invest in building a more sustainable sector for people, planet and prosperity. The day also makes clear why UNWTO underscores the need for investment in education and for greater innovation as the foundations for long-term growth and transformation. This year’s official celebration in Saudi Arabia reflects how tourism is being embraced to diversify economies and generate opportunities for all.”
By hosting this event four years after it first opened to global tourists in 2019, Saudi Arabia demonstrates its commitment as a dedicated tourism sector convenor that aims to showcase its progress in connecting Saudis to the world, building bridges between cultures, nurturing hospitality talent and creating investment opportunities for the international community.
Marking the most significant assembly of global tourism leaders in the 43-year history of World Tourism Day, gauged by the number of ministers in attendance, WTD 2023 will feature a series of engaging sessions, panel discussions, and workshops led by renowned sector experts and government leaders. Event participants will also attend a gala dinner in Riyadh’s UNESCO Heritage site, Diriyah, to celebrate World Tourism Day and its global significance.
The scale of the event being hosted in Riyadh showcases the importance attached by the Saudi Arabian government to the development of the global tourism sector, and follows the Kingdom’s election to Chair of the United Nations World Tourism Organization (UNWTO) for 2023.
The event in Riyadh for the UNWTO WTD 2023 on 27 and 28 September showcases the capital’s growth as a hub for major business events and promises to be a major milestone in the global tourism calendar, offering valuable insights and inspiring discussions on the role of tourism to bridge cultures and foster mutual understanding.
About The Ministry of Tourism
Saudi Arabia’s Ministry of Tourism was founded in 2020, following the opening of Saudi Arabia to international tourists in 2019. The Ministry spearheads the Kingdom’s Vision to bring Saudi tourism to the forefront. Its endeavors align with the Kingdom’s ambitious goals, aiming to create 1 million jobs for its citizens, enable accelerated and sustainable growth with future-focused policies, investments, and talent development guided by data, receive 100 million tourism visits by 2030, and amplify the sector’s GDP contribution from 3% to 10%. In doing so, the Ministry of Tourism issues licenses and classifications for tourism activities and creates and approves tourist visa regulations.
The World Tourism Organization (UNWTO) is the United Nations specialized agency for fostering tourism as a vehicle for equal, inclusive and sustainable development. Working with its Member States, international organizations and the private sector, UNWTO promotes safe and seamless travel for all. UNWTO also works to make tourism the foundation of trust and international cooperation and a central pillar of growth and opportunity. As part of the wider UN system, UNWTO is at the forefront of global efforts to achieve the 2030 Agenda for Sustainable Development, including through its ability to create decent jobs, promote equality and preserve natural and cultural heritage.
JUSTIN ROSE NAMED WINNER OF THE NICKLAUS-JACKLIN AWARD PRESENTED BY AON AT 44TH RYDER CUP
Prestigious Award celebrates player who embodies the true spirit of the Ryder Cup, proving that decisions made here make history
ROME, Oct. 1, 2023 /PRNewswire/ — Today, Justin Rose of Team Europe was announced as the recipient of the Nicklaus-Jacklin Award presented by Aon following the conclusion of the 44th Ryder Cup in Rome, Italy.
Throughout the competition, Rose displayed exemplary character and poise in the face of one of sports’ most compelling atmospheres, all while maintaining sound decision making and representing the true spirit of the event. He has been a stalwart in the Team Europe dressing room, sharing his experience with a young team and leading by example by contributing key momentum building points when it mattered. On day one, Rose holed the decisive putt on the 18th to secure a tie, and his immediate reaction was to turn and acknowledge his teammates who stood beside the green – showcasing his belief that the team should always come first.
Rose was paired with Ryder Cup rookie Robert MacIntyre on day one and used his vast Ryder Cup experience to help guide the young Scotsman during his first Ryder Cup match, in what proved to be a tough battle against Max Homa and Wyndham Clark. On day two, Rose continued his partnership with MacIntyre and they secured a decisive 3&2 victory against Justin Thomas and Jordan Spieth, with Rose’s red-hot putter proving crucial. MacIntyre would go on to have an exceptional debut, collecting 2 ½ points.
Just as the efforts of Jack Nicklaus and Tony Jacklin did in 1969, Rose exemplified the true values of this great game, cementing his place in Ryder Cup history at Marco Simone Golf & Country Club. Rose has become the third player to receive this honor, following Dustin Johnson from the U.S. Team and Sergio Garcia from the European Team, who won the Award at Whistling Straits two years ago.
Inspired by the historic 1969 Concession when Jack Nicklaus conceded a 2-foot putt to Tony Jacklin for a halved match resulting in the first tie in Ryder Cup history, the Award honors two icons in the game and is given to the player who best embodies the true spirit of the Ryder Cup – the individual who sees the bigger picture and makes better decisions on and off the course.
Speaking about winning the Nicklaus-Jacklin Award presented by Aon, Rose said: “Winning this Award is a huge compliment. This event really pushes you to the limit because it has so much passion. You have to find that line and get close to it, but always stay on the right side and be respectful towards your opponent. The Americans played their heart out today and deserve a lot of respect. Novak Djokovic gave the team some advice earlier this week and really emphasized how you need to embrace a pressurized situation and use it as inspiration. The putt on the 18th on day one was a good example of where I tried to embrace the moment – I didn’t want to blemish such a great start by the team, and my immediate reaction was to embrace my teammates who had all performed so well as a group.
“The Ryder Cup is all about teamwork and I managed to put together a strong partnership with Bob. I made some putts at the right time on the first two days that made me look heroic, but he chipped away constantly and made a big contribution just when we needed to keep the momentum going. A big thank you to Aon – winning this Award will make today’s victory even sweeter for me.”
At this year’s Ryder Cup in Rome, Team Europe took victory by 16 ½ -11 ½, after three days filled with iconic pairings, intense rivalry and selfless performances. Team Europe raced to a dominant 6 ½ to 1 ½ lead after day one and preserved their five-point advantage to lead 10 ½ to 5 ½ heading into the final day of singles. A close and hard-fought final day went down to the final few holes, with England’s Tommy Fleetwood delivering the clinching moment in style on the short par-4 16th hole.
“As the 44th Ryder Cup comes to an end, we are reminded that golf is a game shaped by respect, integrity and decision making under pressure,” said Andy Weitz, Chief Marketing Officer of Aon. “This event represents the best of golf, and this Award represents the best of the Ryder Cup. As its presenting partner, we are proud to honor Justin as the recipient of this year’s Nicklaus-Jacklin Award presented by Aon. His display of character and skill throughout an intense match embodied the spirit of this event, and why we love this game.”
Learn more about the Nicklaus-Jacklin Award presented by Aon here.
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.
About the PGA of America
The PGA of America is one of the world’s largest sports organizations, composed of more than 29,000 PGA of America Golf Professionals who love the game, are expert coaches, operators and business leaders, and work daily to drive interest and participation in the sport. The PGA of America owns and operates numerous championships and events, including major championships for men, women, seniors and the Ryder Cup, one of the world’s foremost sporting events. For more information, visit PGA.com and follow us on X, formerly known as Twitter, Instagram and Facebook.
About Ryder Cup Europe
Ryder Cup Europe – which comprises representatives of The European Tour group (60%), of the PGA of Great Britain and Ireland (20%) and the Confederation of Professional Golf through the vehicle of The Ryder Cup European Development Trust (RCEDT) (20%) – owns the rights of The Ryder Cup when the competition is held in Europe. The European Tour group is the Managing Partner and has prime responsibility for all matters concerning The European Team; the PGA of Great Britain and Ireland is the Founding Partner; and the Confederation of Professional Golf is responsible for the management of the Trust, which is the Development Partner. Our Official Worldwide Partners for the 2023 Ryder Cup are Aon, BMW, Capgemini, Citi, DP World, Hilton, and Rolex. For more information about The Ryder Cup visit rydercup.com.
Safra New York Corporation Completes The Acquisition Of Delta North Bankcorp.
NEW YORK, Oct. 1, 2023 /PRNewswire/ — Safra New York Corporation, the holding company of Safra National Bank of New York (“The Bank”), is pleased to announce the successful completion of its acquisition of Delta North Bankcorp, including its subsidiary Delta National Bank and Trust Company.
This strategic acquisition is a significant milestone for Safra National Bank and underscores the Bank’s continuous expansion in the private banking and wealth management business. The acquisition strengthens the Bank’s market position among high-net-worth clients in the United States and Latin America, where the Bank has been providing premier private banking and financial services and has a long and successful track record.
Jacob J. Safra, Chairman of Safra National Bank of New York: “We are proud to have completed this acquisition, which represents an excellent strategic fit to our existing business in these markets. Clients will benefit from an organization that is fully dedicated to wealth management, providing the service, products and expertise that best meet their specific needs. We are confident that the Bank has all the attributes required to continue growing and prospering in a sustainable manner.
Simoni Morato, Chief Executive Officer of Safra National Bank of New York: “We very much look forward to working closely with Delta’s clients and employees and developing long term relationships. Together we will build on the strengths of our organization, not only in the United States, but also throughout Latin America.”
Safra National Bank of New York
Headquartered in New York, with branches in Aventura, Miami and Palm Beach, and offices throughout Latin America, Safra National Bank is a leading private bank with approximately US$ 30 billion in clients’ assets. Safra National Bank of New York is part of the J. Safra Group.
J. Safra Group
The J. Safra Group (the “Group”), with total assets under management of over USD $300 billion, consists of privately-owned banks under the Safra name and investment holdings in asset-based business sectors such as real estate and agribusiness. The Group’s banking interests in 160 locations globally, are: Safra National Bank of New York, headquartered in New York City, USA; J. Safra Sarasin, headquartered in Basel, Switzerland; and Banco Safra, headquartered in Sao Paulo, Brazil; all independent from one another from a consolidated supervision standpoint.
The Group’s real estate holdings consist of more than 200 premier commercial, residential, retail and farmland properties worldwide, such as New York City’s 660 Madison Avenue office complex and London’s iconic Gherkin Building. Its investments in other sectors include, among others, agribusiness holdings in Brazil and Chiquita Brands International Inc. With deep relationships in markets worldwide, the Group is able to greatly enhance the value of businesses which are part of it. There are more than 34,000 employees associated with the J. Safra Group.
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EMpact launches its venture studio in Central America, heralding a new approach to impact investing in frontier markets
Plans underway for subsequent launches in Africa and Central Asia
ANTIGUA, Guatemala , Oct. 1, 2023 /PRNewswire/ — Today witnessed the launch of EMpact, a venture studio focused on nurturing talent and accelerating startups to serve critical value chains, focusing on frontier markets in Central America, West Africa, and Central Asia. The first studio is a collaboration between EMpact and Fundación Génesis Empresarial (Genesis), the largest development microfinance institution in Guatemala. The studio will promote entrepreneurship and capacity building across the Central America region through the “Innovation and Entrepreneurship Hub” of Genesis and Universidad Francisco Marroquín – (UFM) a leading academic institution in the country, which promotes free market principles and entrepreneurship.
“The issues facing humanity and our planet are interlinked, and a big part has to do with how we access, cultivate, and sustain natural resources, including agriculture and forestry”, said Sami Lahoud and Prateek Shrivastava, co-founders of EMpact. “Catalyzing innovations in agriculture value chains, through entrepreneurship, creates stability and opportunity in frontier markets while sustaining the global economy and restoring our planet through sustainable practices”, they added.
The studio addresses the most critical issue facing entrepreneurship in frontier markets, which is the upskilling of talent. Individuals are invited to apply to become “EMpact fellows” who will be coached in innovation and entrepreneurship. Then, the studio will help fellows design digitally enabled solutions that address the needs and pain-points of its corporate partners. And finally, incubated businesses will graduate into a startup accelerator that will help each team turn their solutions into investment-ready businesses through mentorship, access to essential shared services, and opening doors to additional corporate partners.
The EMpact model also allows for winning solutions, whether incubated by EMpact or operating independently, to be replicated by fellows in other markets or verticals. The first such portfolio company is Climatica, a solution that accelerates financial inclusion of small holder farmers through climate smart agriculture.
“Fighting poverty through empowerment and improving food security in the face of climate change are daunting and expensive undertakings”, said Lars Saquero Møller, Managing Director of Ingemann Data, that operates Climatica. He added “EMpact provides a framework to scale the outreach of innovative solutions, such as ours, to address these challenges. Their fresh approach and value proposition are needed to disrupt the traditional system.”
The design of the EMpact venture studio has been inspired by the pioneering work of CK Japheth, Founder of The Innovation Village in Uganda and a member of the EMpact Advisory Board, who said “We recognized that embracing models tailored to mature markets would not work for us, so we embarked on a journey of unbridled innovation, fueled by a relentless passion to make a difference. Every lesson we’ve gathered has led us to this vibrant collaboration with EMpact”.
The EMpact studio in Guatemala will ultimately serve the Latin American region. In parallel, the founders of EMpact are preparing for the launch of EMpact Africa from a studio in Côte d’Ivoire serving the Francophone West Africa region. At a later stage, the plan is to include additional frontier markets such as the ones in Central Asia, and to start interconnecting these markets, capitalizing on their organic similarities and complementarities.
Sami Lahoud, +1 914 393 5711, [email protected]
EMpact is a venture studio serving critical value chains in frontier markets by addressing chronic issues afflicting these markets and affecting our planet. EMpact drives change through the incubation of talent, then creating and incubating businesses that address the needs of key players in these value chains with focus on agriculture. The final step in this venture studio model is to extend pre-seed equity funding to the budding startups, handhold them through the initial phase of their growth journey, and then – over time – hand them over to later stage investors.
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/empact-launches-its-venture-studio-in-central-america-heralding-a-new-approach-to-impact-investing-in-frontier-markets-301943818.html
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