Fintech PR
The Board of Directors of the Prince Mohammed bin Salman Royal Reserve Development Authority Announces the Launch of the Integrated Development Management Plan (IDMP)
RIYADH, Saudi Arabia, Aug. 9, 2024 /PRNewswire/ — Today, the Board of Directors of the Prince Mohammed bin Salman Royal Reserve Development Authority, chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, announced the launch of the Reserve’s Integrated Development Management Plan (IDMP).
The plan is a comprehensive roadmap in line with global standards, covering the environmental, economic, social, tourism, and cultural aspects of the 24,500 square kilometer Reserve, which includes 15 distinct ecosystems, ranging from mountain ridges to coral reefs in the northwest of the Kingdom.
The plan enables the efficient and effective management of the Reserve. It establishes key guidelines for restoring and conserving wildlife in line with the latest global standards, including guiding species reintroduction plans through modern technologies, and setting a framework for developing and enhancing the ecotourism ecosystem. This includes Red Sea Global’s AMAALA tourism development, which is located within the Reserve. The Reserve also features in four sites on the UNESCO World Heritage Tentative List for the Kingdom and is aiming to become the world’s most famous heritage tourism destination for environmental conservation, whilst achieving the necessary balance with the needs of the local communities.
The Integrated Development Management Plan follows the completion of intensive studies to determine the historical and current state of the Reserve’s environment and the steps needed to restore the ecosystems, flora and fauna to the state it was in a century ago. The Reserve is home to 15 distinct ecosystems, ranging from mountain ridges, through life giving wadis to the coral reefs of the Red Sea, creating an exceptional level of biodiversity. Twenty-three historically occurring species have been selected for reintroduction, 16 of which are extinct within the Reserve’s borders, four are Critically Endangered, and three are Vulnerable according to IUCN listings, including the iconic Arabian oryx, Arabian leopard, and cheetah. An extensive habitat restoration project supports this wildlife reintroduction program, aiming to protect and conserve the Reserve’s 400 plus native plant species. The Reserve aims to become a tourism destination that offers visitors a diverse terrestrial and marine experience while simultaneously ensuring the protection of its ecosystems and biodiversity.
The Kingdom is committed to working with the international community to address the world’s environmental challenges. Key activities such as reducing carbon emissions with the aim of reaching net-zero by 2060, continuing to build the Kingdom’s renewable energy infrastructure, increasing reforestation, and enhancing biodiversity, including wildlife and species reintroductions, are underway. The launch of the IDMP contributes to the Kingdom’s leading position in wildlife reintroduction and conservation, as well as the strategic objectives of the Royal Reserves Council, which focus on protecting wildlife, afforestation, enhancing ecotourism, and providing job opportunities. The adopted objectives of the Royal Reserves support the Kingdom’s efforts in sustainability and environmental conservation, contributing to the Saudi Green Initiative’s goal of protecting 30% of the Kingdom’s terrestrial and marine areas by 2030.
Andrew Zaloumis, CEO of the Prince Mohammed bin Salman Royal Reserve Development Authority, internationally recognized for his pioneering work in establishing reserves of global conservation value and regional economic impact, said:
“The building blocks are in place to deliver the promise of the IDMP by 2030 – a Reserve of global conservation significance rooted in community.”
We have reintroduced animal species, discovered several species new to science, and trained and deployed an effective ranger team of 150 local men and women who play a pivotal role in our mission.”
“Thanks to the passion of the Saudi Arabian leadership and the investment and commitment of the government, we are pioneering new techniques and technologies to complement tried and tested management and conservation practices.”
“We look forward to sharing the results of our work with the wider conservation and scientific community.”
The Prince Mohammed bin Salman Royal Reserve Development Authority includes local and international experts who lead research and development efforts, enhancing international and local partnerships, and promoting cooperation frameworks to facilitate the exchange of knowledge and the application of best environmental practices. Their research efforts have contributed to the identification of new species of animals and plants across the Reserve’s diverse terrestrial and marine ecosystems.
Given the Reserve’s range of ecosystems and strategic location connecting the major projects of NEOM, AMAALA, Red Sea Global, and AlUla, and its partnerships with many specialized local and global entities, it is planned that by 2025, animals will be able to roam freely through a 70,000 km² environmental corridor, contributing to the wider regional environmental restoration efforts, as well as creating rich experiences for ecotourism and achieving the necessary balance with the needs of the local communities and the creation of around 5,400 job opportunities.
Prince Mohammed bin Salman Royal Reserve is one of eight Royal Reserves established by Royal Decree and overseen by the Royal Reserves Council chaired by His Royal Highness the Crown Prince. The reserves include Imam Abdulaziz bin Mohammed Royal Reserve, Imam Saud bin Abdulaziz Royal Reserve, Imam Turki bin Abdullah Royal Reserve, King Abdulaziz Royal Reserve, King Salman bin Abdulaziz Royal Reserve, King Khalid Royal Reserve, and Imam Faisal bin Turki Royal Reserve.
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Fintech PR
ISX Financial® Launches New Globally Accepted flykk® Debit Card in Working with Diners Club International®
NICOSIA, Cyprus, Jan. 14, 2025 /PRNewswire/ — flykk®, the pan-European and UK digital payment app, announces the launch of its new flykk® Diners Club International® debit card in several priority markets. This offering combines the best of both worlds: the convenience and security of a globally accepted debit card with all the robust benefits Diners Club International® offers.
With the new flykk® Diners Club International® Card, users can enjoy a range of exclusive Diners Club benefits, including access to more than 1,500 airport lounges and experiences around the world, travel insurance, and purchase protection. Additionally, the flykk® Diners Club International® Card also offers a range of other features and benefits that can delight users, including access to millions of amenities and premium Wi-Fi hotspots.
Key features of the flykk® app, which flykk® Diners Club cardholders can access, include bank transfers, free flykk-to-flykk transfers, dedicated money remittance channels and global money transfers. Users can easily transfer money between their flykk® account and European Union (EU) bank accounts, as well as between other flykk® users.
“Launching this partnership with Diners Club International® is a significant milestone for ISX Financial,” said Nikogiannis Karantzis, CEO of ISX Financial. “By combining the innovative flykk® payment app with the benefits of the Diners Club International® Card, we strive to offer users an unparalleled payment experience both online and in-store. With the flykk® Diners Club International® Card, users can enjoy all the convenience and security of a debit card, together with a range of other features and benefits that support their lifestyle.”
Diners Club is accepted at millions of merchant locations and over 1.2 million ATM and cash access locations around the world. Diners Club is part of the Discover® Global Network, the fastest growing global payments network[1]. Comprised of Diners Club International®, Discover Network, PULSE®, and more than 25 alliance partner networks across the globe, Discover Network has 345 million Discover Global Network Cardholders worldwide[2] and facilitated $589B+ in global transactions in 2023.
The flykk® debit card is now available to users in selected markets in the EU, with plans to expand to additional markets in the coming months. To learn more about flykk® and its innovative payment solutions, visit the flykk® website at www.flykk.it.
“By combining our world-class benefits, services, and capabilities with flykk’s comprehensive payment technology, we’re able to offer users a more seamless payment experience,” said Matt Sloan, Vice President of International Markets, EMEA at Discover® Global Network. “We look forward to continuing to work closely with the team at ISX Financial to bring even more innovative payment solutions to users around the world.”
- To learn more about the flykk® Diners Club Debit Card: www.flykk.it
- To learn more about the ISX Financial and Discover Global Network partnership: https://insights.discoverglobalnetwork.com/insights/james-cameron-isx-financial-partnership
About ISX Financial:
ISX Financial EU PLC is a ‘banktech’ company that leverages its own technology to provide financial services to merchants across the EEA & UK. The company’s combined payments stack and infrastructure provides a complete end-to-end transactional banking, FX, remittance and payment processing capability.
ISXMoney’s multi-Currency IBAN accounts coupled with PaidBy® instant open banking provides merchants with a tailored payment solution to reach any UK or EEA bank account holders.
ISX Financial’s consumer product flykk®, is a digital wallet that combines all its financial technology and infrastructure to create a retail product. flykk® is a two-sided network developed on ISX’ Financial’s own platform that links both merchants and consumers around the globe to facilitate the processing of payment transactions. flykk® allows customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds, with the benefits of a Diners card for point-of-sale transactions.
ISX Financial’s subsidiary Probanx® also develops payment infrastructure for third parties, and provides connectivity to central banks, banks around the world and major card schemes.
[1] Based on signed network alliance agreements over the past fourteen years with major payment networks within respective countries – Panoramic Research study, conducted 2022
[2] Based on data provided to Discover by Network Alliances participants and other third party sources as of December 31, 2023.
Media enquiries: +35722015740, [email protected]
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Fintech PR
Investindustrial expands its presence to Abu Dhabi, set to become the firm’s Middle East and Asia hub
ABU DHABI, UAE, Jan. 14, 2025 /PRNewswire/ — Investindustrial is pleased to announce the formal inauguration of its Abu Dhabi office. Attended by authorities and senior officials, this milestone marks a pivotal moment in the firm’s journey to expand its global footprint. The Abu Dhabi strategy follows the successful blueprint of Investindustrial’s office in Shanghai, which has been an accretive business development and value creation office for the firm since 2009. The Abu Dhabi office opened with a team of eight professionals, becoming the Middle East and Asia hub for the group’s activities.
As a leading European investment group with over €15 billion in raised fund capital, Investindustrial is proud to announce that it has received the Financial Services Permission (“FSP”) from the Financial Services Regulatory Authority (“FSRA”) of ADGM. The newly granted licence will enable Investindustrial to provide financial services, including advisory, fundraising, marketing, and arranging, within or from the ADGM.
Andrea C. Bonomi, Chairman of Investindustrial, stated, “At the heart of Investindustrial’s approach is the goal of pursuing a sustainable, industrially-driven strategy to build better global companies for the long-term. Establishing our office in Abu Dhabi underscores our commitment to fostering partnerships in the Middle East and supporting the region’s transformative growth while unlocking these regions for our portfolio companies with significant opportunity to grow. These companies often have the potential to scale, but they require strategic guidance, operational expertise, and a global perspective to reach their full potential.”
Arvind Ramamurthy, Chief Market Development Officer, ADGM, commented, “We congratulate Investindustrial’s on receiving its FSP. The establishment of its Middle East and Asia hub in ADGM reflects the strength of our business environment and our ability to support global investment groups in achieving their growth ambitions. This milestone reinforces ADGM’s position as a leading financial hub and its commitment to unlocking opportunities across the region.”
The Middle East and Asia expansion is led by Emanuela Cisini (Partner, Co-Head of Operational Improvement), who relocated from London to Abu Dhabi. Emanuela has been with the firm for close to a decade, having led various teams across several Investindustrial offices. Under her leadership, the firm aims to grow its human capital in the Middle East, focusing on building on-the-ground operational capabilities that will contribute to the value creation across Investindustrial’s portfolio companies by increasing footprint, enhancing manufacturing capabilities, and bringing high-growth companies to the Middle East.
Emanuela Cisini, Head of Middle East and Asia, commented: “We are excited about this new chapter. Leveraging on Investindustrial’s global operational improvement expertise we take a hands-on approach in guiding our companies through the international expansion in the Gulf region building global leaders.”
The opening of the Abu Dhabi office underscores a commitment to the region’s economic objectives and sustainable growth. Investindustrial has a strong track record across sectors, with deep expertise in industrial manufacturing and sub-sectors such as food security, a critical area for the GCC. By supporting innovation and investment in sectors like specialty ingredients, frozen desserts, and private-label products, Investindustrial’s efforts are aligned with regional priorities of helping foster growth.
Additionally, Investindustrial’s portfolio companies in the consumer space – such as Zegna Group, Eataly, Flos, and B&B Italia – are already active in the region, and the new office in Abu Dhabi, will allow these companies to tap into greater regional opportunities and enhance their operational capabilities.
In addition to operational improvement capabilities, senior investment professionals have also relocated to Abu Dhabi to actively engage with local entrepreneurs and drive investments and growth for portfolio companies in the region. The team will work in close collaboration with the firm’s global offices, reinforcing Investindustrial’s commitment to becoming a truly global player in the mid-market investment space.
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Fintech PR
Vantage Markets Wins “Best Range of Markets” Award from Compare Forex Brokers 2025
PORT VILA, Vanuatu, Jan. 14, 2025 /PRNewswire/ — Vantage Markets has been honored with “Best Range of Markets” award for 2025 by Compare Forex Brokers, a leading authority in evaluating trading platforms. This accolade reflects Vantage’s commitment to offering an unparalleled range of tradable instruments, leverage options and suitability for diverse trading strategies while maintaining transparency, trust, and innovation.
Justin Grossbard, CEO and Head of Research at Compare Forex Brokers, commended Vantage for setting industry benchmarks, “Your commitment to providing a seamless trading experience, supported by innovative technology and a customer-focused approach, is truly commendable. Trust is at the heart of our industry, and Vantage Markets has continually set the benchmark for integrity and professionalism.”
The recognition celebrates Vantage’s dedication to offering a wide array of CFD markets, empowering traders with flexibility and choice. This includes forex, commodities, indices, shares, ETFs, and bonds CFDs, ensuring clients have access to diverse trading opportunities supported by cutting-edge tools and a robust platform.
Marc Despallieres, Chief Strategy & Trading Officer at Vantage, expressed gratitude for the award, “Winning the ‘Best Range of Markets’ award from Compare Forex Brokers is a proud moment for us. It underscores our dedication to delivering exceptional trading experiences through innovation and trust. This achievement reflects the hard work of our team and the trust our clients place in us. We remain committed to pushing boundaries and providing our global community with unparalleled opportunities.”
As Vantage continues to evolve, the company is focused on maintaining its position as a leader in the trading industry by expanding its offerings, advancing technology, and fostering transparency.
For more information about Vantage Markets and its award-winning services, visit Vantage Markets.
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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