Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Fintech PR

DMCC AWARDED GLOBAL FREE ZONE OF THE YEAR 9TH YEAR IN ROW

Published

on

dmcc-awarded-global-free-zone-of-the-year-9th-year-in-row
  • The Financial Times’ FDI Magazine awards DMCC ‘Global Free Zone of the Year 2023’ over 68 other nominees
  • Ninth consecutive win endorses DMCC as the world’s leading business district
  • DMCC also recognised with six other awards for Regional Winner (Middle East), Large Tenant Winner (Global), Large Tenant Winner (Middle East), SME Highly Commended (Middle East), Excellence Award for Governance Winner (Global), and Excellence Award for Infrastructure Investment Winner (Global)

DUBAI, UAE, Oct. 12, 2023 /PRNewswire/ — DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has been named ‘Global Free Zone of the Year 2023’ by the Financial Times’ FDI Magazine for a record ninth consecutive year.

A total of 69 nominees were assessed against a comprehensive set of criteria, updated this year to increase scope and difficulty, by the Financial Times’ editorial team and a panel of independent judges, making the award one of the most prestigious accolades that a free zone can earn.

The central methodology of the assessment focused on understanding the strength of the investment environments and the company expansion prospects that the free zone enables. Given its core focus on increasing the ease of doing business and the fact that DMCC contributes towards 11% of Dubai’s foreign direct investment (FDI), DMCC scored particularly highly in these two areas.

Further recognising the leading business district and trade hub that DMCC has established, it was also awarded:

  • Free Zone of the Year – Middle East
  • Large Tenant Free Zone of the Year – Global
  • Large Tenant Free Zone of the Year – Middle East
  • Highly Commended SME Free Zone of the Year – Middle East
  • Excellence Award for Governance – Global
  • Excellence Award for Infrastructure Investment – Global

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “DMCC’s success is testament to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai who laid the foundation for a world-class trade centre and business district. Through the development of national infrastructure, particularly multimodal transportation links and logistics hubs, DMCC has exceeded expectations to become a global leader in several classes of commodities, and is now accountable for 11 per cent of Dubai’s FDI. As a result, DMCC continues to expand, with its fully-leased Uptown Tower being the latest example of its ongoing demand. DMCC’s greatest strength is based on providing exceptional value, a proposition we will continue to champion in today’s evolving regulatory environment.”

Record-breaking performance and attracting FDI

2022 saw DMCC’s most successful year on record, attracting 3,049 new businesses to its business district. This was followed by a near identical six-month performance in H1 2023 in which DMCC registered 1,469 new companies to take its total member count to over 23,000. The large influx of foreign businesses has also solidified DMCC’s role as a central driver of FDI, contributing significantly to the UAE’s economic development.

Driving trade

2023 also marks the year that DMCC sought to activate its diamond expertise to support global trade within lab-grown diamonds (LGD) and coloured gemstones. It held the region’s first symposium dedicated to advancing the LGD industry and also hosted the International Coloured Gemstone Association annual congress.

DMCC continued to facilitate trade across a wide range of verticals, including strategically important commodities such as gold, diamonds, precious metals and stones, tea and coffee, supporting the advancement of the global commodities market and cementing the position of Dubai as a leading hub for commodities trade.

Setting the benchmark for mixed-use communities

DMCC was recognised for its Jumeirah Lakes Towers (JLT) business district, and the range of upgrades and enhancements made to further the community’s standing as a world-class destination to live, work and visit. This included an update on its solar car park sunshades project, which will result in a saving of 7,612 MWh of energy each year.

Attention also turned to DMCC’s Uptown Tower, which recently welcomed its first phase of commercial tenants, launch of the SO/ Uptown Dubai branded residences, and the opening of the urban luxury SO/ Uptown Dubai hotel. Details on the development of the next phase of DMCC’s Uptown Dubai district will be announced in due course, adding further capacity to the business district and significantly bolstering its F&B, retail, entertainment, and cultural offering.

Dedicated ecosystems

The Financial Times also noted DMCC for the strategic partnerships it forms with key local and global entities as part of its remit to build specialised interconnected business ecosystems, such as the DMCC Crypto Centre and the DMCC Gaming Centre. These allow for the exchange of knowledge and resources, and incubation and acceleration, opening new trade corridors in support of DMCC’s member growth. Recent examples include agreements with Bybit and TDeFi (Web3), Czech Mint (gold) and BSAF (agri commodities).

About DMCC

Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future. www.dmcc.ae

Photo – https://mma.prnewswire.com/media/2244171/DMCC.jpg
Logo- https://mma.prnewswire.com/media/1527681/DMCC_Logo.jpg

DMCC Logo

Cision View original content:https://www.prnewswire.co.uk/news-releases/dmcc-awarded-global-free-zone-of-the-year-9th-year-in-row-301954481.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Invitation to presentation of EQT AB’s Q1 Announcement 2024

Published

on

invitation-to-presentation-of-eqt-ab’s-q1-announcement-2024

STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826

The following files are available for download:

https://mb.cision.com/Main/87/3956826/2712771.pdf

Invitation to presentation of EQT AB’s Q1 Announcement 2024

https://news.cision.com/eqt/i/eqt-ab-group,c3285895

EQT AB Group

 

View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q1-announcement-2024-302109147.html

Continue Reading

Fintech PR

Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

Published

on

kia-presents-roadmap-to-lead-global-electrification-era-through-evs,-hevs-and-pbvs
  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

Photo – https://mma.prnewswire.com/media/2380039/Photo_1__2024_CEO_Investor_Day.jpg
PDF – https://mma.prnewswire.com/media/2380040/Press_Release__2024_Kia_CEO_Investor_Day_240405.pdf

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/kia-presents-roadmap-to-lead-global-electrification-era-through-evs-hevs-and-pbvs-302109142.html

Continue Reading

Fintech PR

BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

Published

on

biovaxys-technology-corp.-provides-bi-weekly-mcto-status-update

VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

Logo – https://mma.prnewswire.com/media/1430981/BIOVAXYS_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/biovaxys-technology-corp-provides-bi-weekly-mcto-status-update-302108920.html

Continue Reading

Trending