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Rönesans secures prodigious ranking in ENR list: 9th European largest international contracting company, and 38th worldwide

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ISTANBUL, Sept. 19, 2023 /PRNewswire/ — Rönesans Group has retained its leading construction company status, recently ranked as 38th largest international contracting company worldwide and 9th largest in Europe on ENR’s acclaimed 2023 “World’s Top 250 International Contractors” list. Regarded as the most established international construction industry assessment tool, ENR has ranked Rönesans among the top 10 contracting companies in Europe annually since 2015. This year sees no change, with its reputation secured as the leading Turkish construction company in the world.

 

ENR’s list for 2023 of the “World’s Top 250 International Contractors” is calculated on revenue acquired by contracting companies outside of their headquartered countries. In 2022, along with its JVs, Rönesans achieved a consolidated turnover of $4.3 billion, with more than 70% of its revenue coming from international projects. The company operates in key sectors such as construction, real estate, health, and energy across over 30 countries in Europe, Central Asia, the Middle East, and Africa, and obtained a total turnover of $3.1 billion from abroad, with $2 billion originating from Europe in 2022.

Chair of the board at Rönesans, İpek Ilıcak Kayaalp, states: ‘We are very proud to be listed among the 10 largest European international construction companies for the 8th year running. We will maintain our focus on international growth with the invaluable support of our esteemed international partners in the coming years by participating in more ambitious projects worldwide. We will also keep collaborating with international financial institutions and export financing agencies to jointly deliver numerous impressive projects, including clean water and safe infrastructure solutions to developing parts of the world, as we have recently accomplished in Sri Lanka.”

Ballast Nedam, Rönesans Holding subsidiary company, executed the Clean Water Supply project in Sri Lanka with support and financing provided by the Dutch government and the Dutch export credit agency, Atradius. This significant project aims to provide clean water access to 17,000 households in seven villages within the Hemmathagama region, contributing broadly to Ballast Nedam and Rönesans’ social responsibility and sustainability pillars. Alongside being a driver for Turkish industry growth, Rönesans Holding is keen to implement purposeful campaigns and drive impact in developing communities.

Growing rapidly for the last 30 years, Rönesans Holding, the conglomerate’s top investment entity, has an impressive project portfolio, operating as both main contractor and investor in various sectors, including construction, real estate, healthcare and energy. Key projects include the Lakhta Center, the tallest building in Europe; the Gotthard Base Tunnel, the world’s longest and deepest railway tunnel located in the Swiss Alps; the Gaasperdammertunnel, the longest land tunnel in the Netherlands; the Başakşehir Çam and Sakura Hospital in Turkiye, the world’s largest seismically isolated building; and the Gas to Gasoline Plant (GTG) Project in Turkmenistan, the world’s first and only of its kind.

Under the leadership of its president, Erman Ilıcak, and Chair of the board, İpek Ilıcak Kayaalp, Rönesans has been also substantially increasing its investments in renewable energy for Turkiye after a 50% partnership with Total Energies for Rönesans Enerji last month, with the aim of investing a total of 2 GW of installed capacity in the next 5 years. The agreement is the latest in the company’s long history of successful strategic partnerships from all around the world, having worked with partners and shareholders including the Government of Singapore Investment Corporation (GIC), Meridiam, a Paris-based infrastructure fund, Japanese trading house Sojitz Corporation, and International Finance Corporation (IFC), of the World Bank Group which is a shareholder in Rönesans, and Samsung C&T, among others.

Ranking amongst the top 10 international construction companies in Europe, and top 40 worldwide, Rönesans will continue to drive forward growth across key sectors in Turkiye and globally.

About Rönesans Group 

Rönesans Holding, headquartered in Ankara, is the 38th largest international contracting company globally and the 9th largest in Europe with international operations in 30 countries across Europe, Central Asia, the Middle East and Africa – including Ballast Nedam in the Netherlands and Heitkamp in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years across construction, real estate development, healthcare and energy. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.

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Along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC, of the World Bank Group (minority shareholder in the group), Rönesans has invested more than EUR7 billion into pioneering projects in Türkiye.

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Water Supply Project by Ballast Nedam, a Rönesans Holding company, to provide clean water access to approximately 17,000 households in seven villages within the Hemmathagama region, Sri Lanka.

 

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The Payments Group partners with HubPeople to bring cash payments to 100m daters

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Hundreds of online dating apps and sites now accepting cash payments

FRANKFURT, Germany, Nov. 11, 2024 /PRNewswire/ — The Payments Group (TPG), a new global payments company, has announced a deal with online dating giant, HubPeople. HubPeople is an AI-based software platform that powers many of the world’s top dating applications and websites, which have a combined 100m users worldwide. For the first time, anyone using a HubPeople powered dating brand will now be able to pay for their dating subscriptions in cash with TPG’s award winning CashtoCode service. Cash deposits can be made at 550,000 physical POS locations worldwide, including newsagents, petrol stations and supermarkets.

 

HubPeople needed a global payment partner that could help it manage transactions across international borders and in multiple currencies. TPG will initially accept 17 currencies in cash payments. Users can also pay for their dating services/subscriptions with TPG’s evoucher solution, a fast, secure service that closely resembles using an Amazon voucher or gift card.

The dating apps built on the HubPeople platform have a large and highly diverse global customer-base. Providing a new cash payment option was important to HubPeople because cash is still the most used and most widely accessible payment method worldwide. It needed a solution that would work reliably in emerging markets like LATAM and countries like Argentina where card adoption is still relatively low. The new cash option can be used by anyone with access to a smartphone or computer, as a secure, reliable payment solution for cash-first customers and the unbanked.

CashtoCode is also perfect for people who prefer to pay in cash, for privacy or security reasons. Dating subscriptions are often a payment that people want to make discretely. 

“We hope that TPG and HubPeople are a perfect match,” said Nick Orton at HubPeople. “Bringing cash payments to 100m customers is an exciting step for our platform, and we think that our brands will jump at the chance to market their services to a new dating demographic.”

“The cash customer is one of the biggest demographics on the planet,” said TPG founder and CEO, Jens Bader. “Unfortunately, they are often left behind by digital services, but that doesn’t need to be the case.  A CashtoCode integration is like instantly adding 550,000 new checkout options. There is a huge crossover between our USPs and the needs of the dating market. We are global, secure, discrete and reliable. It’s everything you need from a dating app payment method.” 

About The Payments Group
The Payments Group is a German stock-listed holding company that operates four Fintech providers and a venture capital arm based in Frankfurt. Its subsidiaries include Funanga AG (Germany), TWBS Ltd (Malta), Calida Financial Ltd (Malta) and Surfer Rosa Ltd (Isle of Man). The Payments Group Holding (TPG) is a fast-growing, vertically integrated e-Money business. It provides proprietary closed and open loop (branded and white-labelled) prepaid payment services to hundreds of online merchants worldwide. Its highly distinct yet complimentary subsidiary companies combine to position TPG as the future market leader in embedded finance and prepaid solutions.  

TPG employs more than 50 people worldwide. TPG customers can use more than 550,000 point of sale cash payment stations and a global online prepaid card network to process cash and cashless online payments.

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About HubPeople

HubPeople is a leading technology provider specialising in “Dating as a Service” platforms, empowering brand owners to effortlessly launch, market, and grow profitable dating brands. With a robust, cloud-based infrastructure, HubPeople supports thousands of social networks worldwide, delivering seamless solutions that drive high conversion rates, an ever-growing user base, and retention levels unmatched by competitors.

Headquartered in the Isle of Man, with additional offices internationally, HubPeople provides end-to-end services – from technical development and marketing expertise to 24/7 customer support in English and Spanish.

The company’s mission is to create vibrant, multi-dimensional communities for people who want to connect, learn, and feel empowered over a mutual interest. HubPeople is dedicated to creating engaging spaces that encourage meaningful connections, going beyond basic interactions with innovative, community-centred features tailored to niche interests.

HubPeople goes beyond the one-way exchange of user information by constantly innovating new community-based features to inspire engagement and connections that are relevant and meaningful to a particular niche or interest group.

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Newborn Town Joins MISA-Hosted Cultural Dinner at 8th Future Investment Initiative, Exploring New Investment Opportunities

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RIYADH, Saudi Arabia, Nov. 11, 2024 /PRNewswire/ — Newborn Town Inc., a leading global social entertainment company (Newborn Town or the Company, stock code: SEHK 9911), was invited by the Ministry of Investment of Saudi Arabia (MISA), one of the organizers of the 8th Future Investment Initiative (FII) conference, to attend the cultural gala dinner held in the historic city, Diriyah.

The FII conference, held this year from October 29 to 31, drew an impressive assembly of political and business leaders from around the globe, highlighting Saudi Arabia’s growing role in fostering international investment partnerships.

The gala dinner took place at Al-Turaif, a UNESCO World Heritage Site in Diriyah, home to the first capital of the Kingdom of Saudi Arabia. The dinner commenced with an impressive light show that beautifully portrayed the Kingdom’s profound history and vibrant cultural heritage. This was followed by welcome speeches delivered by prominent political and business leaders.

As one of the companies engaged in Saudi Arabia’s Regional Headquarters Program (RHQ), Newborn Town was honored to attend this cultural gathering and involved in profound discussions with esteemed leaders from the political and business sectors. Together, they reflected on the Kingdom’s illustrious past while exploring the dynamic investment opportunities that Saudi Arabia presents today.

Launched in February 2021, the Regional Headquarters (RHQ) Program is a collaborative initiative between the Ministry of Investment of Saudi Arabia (MISA) and the Royal Commission for Riyadh City (RCRC). Its objective is to invite multinational companies to set up their regional headquarters in the Kingdom of Saudi Arabia, underscoring the Kingdom’s commitment to economic diversification and its support for the ambitious “Vision 2030” goals.

Reports indicate that MISA has issued over 540 regional headquarters permits to foreign companies, already exceeding its 2030 target of 500 permits. In September, Newborn Town and MISA held an inauguration ceremony in Riyadh under the theme “To Connect, Explore, and Thrive Together,” celebrating Newborn Town as the first global social entertainment company to establish a regional headquarters in Saudi Arabia while looking forward to a promising future for the local online social entertainment industry.

Since 2017, Newborn Town has steadily expanded its footprint in the Middle East and North Africa (MENA) market, closely attuning to the social entertainment needs of local users. Through refined localization strategies, the company has built a robust ecosystem in MENA, offering a diverse social entertainment apps portfolio.

In late August, Newborn Town hosted the Interim Results presentation themed “The Arabian Nights” in Hong Kong, which embraced a Middle Eastern flair. The event focused on sharing the company’s strategies and achievements in the MENA region. CEO Li Ping said Newborn Town’s sustained investments in MENA over recent years have established substantial market barriers through localized operations. In the first half of 2024, the MENA region accounted for over 50% of Newborn Town’s social networking revenue.

With Vision 2030, Saudi Arabia is embracing vibrant economic growth and abundant investment opportunities. Newborn Town is committed to deepening its presence in Saudi Arabia and other MENA markets, growing alongside these key regions to unlock exceptional business opportunities and foster a prosperous future together.

Beyond commercial success, Newborn Town is dedicated to creating lasting social impact in Saudi Arabia and the MENA region. The company actively upholds its corporate social responsibilities by promoting local employment, supporting vulnerable groups—including children with cancer—and aiding disaster-affected areas. Through these efforts, Newborn Town stands with the community, contributing meaningfully toward realizing Saudi Arabia’s Vision 2030.

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Vantage Markets Wins “Best Multi-Asset Trading Platform” Award at Forex Expo Dubai

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PORT VILA, Vanuatu, Nov. 11, 2024 /PRNewswire/ — Multi-asset broker, Vantage Markets (or “Vantage”) is proud to announce its recent accolade as the “Best Multi-Asset Trading Platform” at Forex Expo Dubai 2024. This esteemed recognition highlights Vantage’s ongoing commitment to delivering a comprehensive and seamless trading experience across a range of asset classes, empowering traders around the globe.

Vantage Markets has been unwavering in its pursuit of trading excellence, continuously enhancing its platform to provide access to forex, indices, commodities, and CFDs, ensuring that traders are equipped with advanced tools and insights for navigating the financial markets. This award underscores the company’s dedication to building a versatile and reliable trading environment for its global user base.

“Over the last 15 years, we have focused on developing a platform that truly meets the demands of today’s traders,” said Marc Despallieres, spokesperson for Vantage Markets. “To be recognised as the ‘Best Multi-Asset Trading Platform’ at such a respected event as Forex Expo Dubai is a proud moment for our team. It reflects our commitment to continuous innovation and our mission to provide a platform that traders can trust and rely on.”

The Forex Expo Dubai is one of the region’s premier events, bringing together brokers, tech leaders, and traders to explore industry advancements and celebrate excellence. Vantage’s recognition at this event reaffirms its role as a leader in multi-asset trading, underscoring its reputation as a trusted choice for traders seeking performance and security.

This award marks another milestone in Vantage Markets’ journey, solidifying its position as a multi-asset broker dedicated to redefining industry standards and delivering a trading environment built for success.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

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