April 10, 2023

ROSEN, A LEADING LAW FIRM, Encourages TAL Education Group Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Initiated by the Firm – TAL

NEW YORK, April 10, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depository Shares (“ADSs”) of TAL Education Group (NYSE: TAL) between June 14, 2022 and March 14, 2023, both dates inclusive (the “Class Period”), of the important May 30, 2023 lead plaintiff deadline.

SO WHAT: If you purchased TAL securities 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 class action, go to https://rosenlegal.com/submit-form/?case_id=3137 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 May 30, 2023. 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 litigate 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, throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was still providing K9 Academic AST Services; and (2) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the TAL class action, go to https://rosenlegal.com/submit-form/?case_id=3137 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/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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

GlobeNewswire Distribution ID 8804869

April 10, 2023

ROSEN, TOP RANKED GLOBAL INVESTOR COUNSEL, Encourages Hesai Group Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – HSAI

NEW YORK, April 10, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Hesai Group (NASDAQ: HSAI) pursuant and/or traceable to Company’s initial public offering conduced in February 2023 (the “IPO”). If you wish to serve as lead plaintiff, you must move the Court no later than June 6, 2023.

SO WHAT: If you purchased Hesai securities 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 Hesai class action, go to https://rosenlegal.com/submit-form/?case_id=13347 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 June 6, 2023. 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. 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, the IPO Registration Statement contained false and/or misleading statements and/or failed to disclose that: (1) Hesai Group’s gross margin decrease was caused by a lower in-house utilization rate; (2) Hesai Group’s gross margin was 30% for the fourth quarter—which was completed over a month before the date of the amended registration statement; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times and negligently prepared. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Hesai class action, go to https://rosenlegal.com/submit-form/?case_id=13347 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.

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:

GlobeNewswire Distribution ID 8804859

April 10, 2023

From Inner Life to Outer World: How Women, Gen Z Are Invested in Business Education

Survey finds interest in tech sector stagnates for post-school career while the U.S. continues to attract global talent upon rebounding mobility

RESTON, Va., April 10, 2023 (GLOBE NEWSWIRE) — People thinking about going back to business schools are more interested in enriching their lives than increasing their incomes, according to a survey of prospective students of graduate management education (GME) released by the Graduate Management Admission Council (GMAC), a global association representing leading business schools. Seventy-nine percent of prospective students worldwide are motivated to pursue GME to better their lives and develop their potential—15 percentage points more than the next-best motivator, increasing income.

Furthermore, women, millennials, underrepresented U.S. candidates, and first-generation prospective students are all statistically more likely to indicate post-GME career preference for the government or nonprofit sector, which tends to be more stable and socially engaged though less lucrative than the private sector. Gen Z, on the other hand, are most interested in entering the finance and accounting industry, and about 10 percentage points more likely to cite increasing their incomes and expanding their networks as top motivators for pursuing GME than their older counterparts.

“In response to queries frequently received from our schools, we asked additional questions in our survey this year because meaningful shifts in prospective student demographics are underway. Understanding candidates from Gen Z—now the largest generation applying to business schools—is critical as programs plan for expanding the pipeline down the road,” said Joy Jones, CEO of GMAC. “We want to take a closer look at the trends among women, first-generation, and U.S. underrepresented candidates to equip schools with the knowledge that ensures every talented person can benefit from the best business education for them.”

Full-time MBA programs continue dominance while in-person experience trumps for Gen Z

Since 2019, the two-year MBA has been the preferred program among candidates globally. This year, the one-year MBA surpassed it as the most popular program choice, though the difference remains within the margin of error. Taken together, the full-time MBA of any duration continues to surpass interest in more flexible or executive MBAs and business master’s programs.

Gen Z is most interested in the two-year MBA and millennials are most interested in the one-year MBA. Despite growing up as digital natives, Gen Z also have a strong preference for in-person study, with 80 percent of Gen Z reporting preference for this modality compared to 69 percent of millennials. This could be an indication of where each generation is in their career—older candidates may have more established networks or more responsibilities at work or at home, while younger candidates are more interested in expanding their networks and may have more ease entering and exiting GME.

Flexibility speaks to women candidates as interest in the technology sector stagnates

It is true overall global preference remains with in-person learning. But online—and especially hybrid—programs have made in-roads with groups most likely to benefit from the flexibility they offer, specifically women, first-generation, and millennial candidates.

“There is no doubt that these programs play an important role in the overall equity of graduate management education, attracting candidates who rely on flexible program delivery and may not otherwise pursue a business degree,” said Anthony Wilbon, dean of Howard University’s School of Business and a board member of GMAC.

After graduation, consulting remains the top post-GME industry across generations and regions. Though change may be on the horizon in the number two slot – the technology industry – as Gen Z show more interest in finance and accounting than technology. While data was collected largely before the recent retraction of the tech industry, this year’s results demonstrate underlying challenges with the pipeline of GME candidates interested in tech—namely that Gen Z, women, and underrepresented U.S. candidates are less interested in the field.

The United States remain the top consideration as a study destination

COVID-19 forced people around the world to stay at home, but candidates are again looking to study abroad. Prospective students interested in studying outside of their country of citizenship are up, especially in Europe and Asia/Pacific Islands compared to last year – 84 percent of candidates from Asia are looking to study outside of their country of citizenship compared to 79 percent last year, and 81 percent of candidates from Europe are looking to study outside of their country of citizenship compared to 77 percent last year.

The trends driving candidates to study in places like the United States and Western Europe have not changed since last year. After losing the top spot for a year in 2020, the U.S. remains the most preferred study destination – driven by reputation and perceived career preparation, with 42 percent of respondents indicating interest, followed by Europe (37%) and Canada (9%). While candidates perceive U.S. GME programs as more expensive than others in Europe, Canada, or Australia, candidates also believe there is more financial aid available in the United States.

About the Prospective Student Survey

For more than a decade, the GMAC Prospective Students Survey has provided the world’s graduate business schools with critical insights into the decision-making processes of people currently considering applying to a graduate management education (GME) program. This year’s summary report considers data collected in the 2022 calendar year from 2,710 respondents in 131 countries around the world. Among them, 40 percent are female, 44 percent are younger than 24 years-old, 21 percent are U.S. underrepresented population, and 55 percent majored in a non-business field as undergraduates. The survey continues to explore trends in the candidate pipeline, program preferences, and career goals, with new questions added this year about first-generation candidates, motivations for pursuing graduate management education, and social issues like sustainability and corporate social responsibility. The report also considers the longevity of trends in online and hybrid education and candidate mobility brought on by the COVID-19 pandemic.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programs. BusinessBecause and GMAC Tours are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
Mobile: 202-390-4180
thsu@gmac.com

GlobeNewswire Distribution ID 8804854

April 10, 2023

HotelRunner Introduces ‘Elite’: An Exclusive Path to Efficiency and Profitability

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

LONDON, UK / ACCESSWIRE / April 10, 2023 / In a highly competitive landscape, HotelRunner Elite is designed to help accommodation businesses thrive by offering data-driven, innovative, state-of-the-art technology solutions, and dedicated consulting. Analyzing demand, tracking competitors, and charting a roadmap for efficient yield management, Elite allows hospitality professionals to realize a property’s true potential and makes sure they are always winning. HotelRunner Introduces ‘Elite’

In line with its trailblazing persona, the company shifted gears to develop more data-driven and AI-powered platforms like the recently announced Insights and Autopilot. Today, on top of HotelRunner’s end-to-end stellar technology, Elite leverages a suite of additional products, including but not limited to Rate Intelligence, Autopilot, and Insights. All these products and the platform feed on HotelRunner’s immense data and evolve with the help of AI and machine learning.

What makes these benefits truly valuable is encapsulated in three concise yet powerful words: profitability, efficiency, and exclusivity. Members of HotelRunner Elite reap the benefits of cutting-edge technology infrastructure, coupled with the expertise of dedicated revenue managers and hospitality experts who scrutinize vast amounts of data to provide actionable insights and strategic guidance. This exclusive offering provides an unparalleled experience within a select community consisting of a group of best-in-class hospitality professionals.

“At HotelRunner, we’re dedicated to providing innovative solutions that drive growth for the hospitality industry,” said Arden Agopyan, Founder and Managing Partner of HotelRunner. “HotelRunner Elite is a true reflection of our commitment to providing the best service possible by pushing the boundaries. With a suite of data-driven platforms and privileged consultancy, Elite offers a unique value to independent and chain hotels, helping them automate their operations, enhance profitability, and beat the competition. We’re excited to see the incredible results it delivers.”

“HotelRunner has always been a leader in hospitality and travel technologies. Each of the products and features we have recently developed is part of a much larger vision and HotelRunner Elite is an extension of it,” said Ali Beklen, Founder and Managing Partner of HotelRunner. “With this launch, we’re taking our offerings to the next level as part of our commitment to creating a bigger travel economy. Elite is designed to help accommodation businesses with large revenue volumes with a tailor-made solution, unlike any other. We’re confident it will be a game-changer for our partners.”

As in the past decade, HotelRunner is committed to providing maximum value to its partners. The new service is tailored to the unique requirements of the industry, addressing the definitive demands of large and enterprise hotels. With a singular offering, Elite delivers optimal results with a combination of a powerful technology platform, AI, and human touch.

HotelRunner Elite has been in the closed beta program for almost a year and has already been increasing profitability and efficiency of its members. For more information about HotelRunner Elite, visithttps://hotelrunner.com/elite

Contact Information

Suheyla van Taarling
Head of Brand
suheyla@hotelrunner.com
00905314010303

SOURCE: HotelRunner

April 10, 2023

CEOs, Real Estate Experts to QNA: Promising Prospects for Real Estate Sector in Light of Strong Qatari Economy -1-

For his part, United Development Company (UDC) President, CEO and Member of the Board Ibrahim Jassim Al Othman said, in an exclusive statement to QNA, that Qatar’s real estate sector provides attractive investment opportunities in housing and retail trade compatible with all requirements and budgets, especially after the issuance of Law No. (16) of 2018 on the Regulation of Non-Qataris’ Ownership and Usage of Real Estate, which contributed to the prosperity of the Qatari real estate market, attracting foreign investors, and granting them the advantages of Qatari residency in a safe and tax-free environment.

The success achieved by the State of Qatar in hosting the World Cup left behind a huge national legacy that contributed to a significant increase in investment returns and enhanced the attractiveness of the Qatari real estate market. UDC’s projects in the Pearl and Gewan islands achieved record demand in renting and buying real estate during the past year, exceeding 90 percent of the company’s real estate, he said.

Al Othman expected that this increase in demand would continue with the approaching completion of the Crystal Residence buildings on Gewan Island, which presents a new concept in integrated residential projects, providing luxurious facilities and services for residents in a strategic location, and a fully air-conditioned commercial area and walkway on the waterfront. As for the Pearl Island, the Pearl International Hospital will present as a prominent medical edifice that enhances the comprehensiveness of the island and its services, maintaining its high attractiveness as a preferred destination for investment, he added.

The recent prosperity of the real estate sector has been reflected in the movement of sales and leasing in the Pearl and Gewan islands evident in the satisfactory financial results achieved by UDC in 2022, he said, indicating that the company recorded net profits of QR 390 million, an increase of 10 percent compared to 2021, and revenues of QR 1.8 billion. Meanwhile, the basic earnings per share amounted to QR 0.110, a 20 percent increase from 2021.

For his part, Head of Business Development Department at Qetaifan Projects Sheikh Nasser bin Abdulaziz Al-Thani said in an exclusive statement to QNA that the real estate sector has witnessed a steady demand for residential and commercial real estate, especially in luxury real estate, adding that, despite COVID-19, the real estate sector continues to grow and attract investors from all over the world.

The Qetaifan Island North is an integrated project that contains a water park (Meryal), a hotel, a beach club, a park, a mosque, a school, and a medical center, providing all of the investor’s needs in one place. Additionally, The State of Qatar’s infrastructure development projects and future events create great opportunities for real estate developers to take advantage of, he said.

He emphasized that the Qatari real estate market has consistently achieved great opportunities and attractive returns for investors, especially in the long term pointing out that the country’s stable economy has also contributed to its emergence as a destination for real estate investment, and the financial results of Qetaifan Projects have benefited from these trends and contributed to the growth and development of the market.

Regarding the current real estate investment return and expectations for 2023, he explained that there are positive returns in the real estate sector, especially after hosting the 2022 World Cup, adding that they aspire to enhance the tourism and entertainment sectors through the Qetaifan Island North, which is the first luxury tourist and entertainment island. While return on investment is an important metric for evaluating our performance, their primary focus is to deliver a high-quality project that meets the needs of clients and investors, he added.

Regarding the opportunities for expansion and growth in the local real estate market, Head of Business Development Department at Qetaifan Projects said that there are still great opportunities in the Qatari real estate market, as the stable economy and the growing population contribute to the attractiveness of the real estate market. The growing demand for luxury residential and commercial properties also provides ample opportunities for real estate developers.

On whether there is a need for mergers leading to the creation of major real estate entities, he said that at Qetaifan Projects, we are constantly evaluating our business strategy and exploring opportunities to expand and develop our operations. While mergers may be an option in the future, our current focus is presenting the Qetaifan Island North with quality that meets the needs of our customers and contribute to the growth and development of the Qatari real estate market.

CEO of Msheireb Properties Eng. Ali Al Kuwari said in an exclusive statement to QNA that the real estate sector in Qatar is one of the most important sectors driving the economy and its growth. This sector has played a prominent role in the comprehensive development plans adopted by Qatar and has contributed to attracting companies, capital, and foreign investments significantly. With more urban projects and urban expansion, the sector continues to successfully play its role in providing great opportunities. Returns on investment in the real estate sector are a key element in continuing projects, as these returns constitute an important lever despite the global fluctuations, he added.

Through its smart and sustainable city, Msheireb Downtown Doha, he stated that Msheireb Properties presents a unique and new model for urban projects and urban transformations in record time since its launch. Currently, the occupancy rate in the city has increased significantly in various residential, commercial, and retail spaces, achieving more investment returns and reflecting the attractiveness of the Qatari real estate market to international companies.

Regarding the current real estate investment return and expectations for the rest of 2023, he explained that the returns achieved in 2022 were very good with the preparations for and during the FIFA World Cup Qatar 2022, as the occupancy rate in residential facilities reached 80 percent in 2022. Our 2023 expectations indicate an increase, especially in commercial spaces, thanks to the smart, sustainable, and modern facilities and services we provide to companies and entrepreneurs that meet the requirements of their business, in addition to the strategic location of Msheireb City.

Regarding opportunities for expansion and growth in the local real estate market, he said that Qatar has drawn up long-term plans, and therefore there are still opportunities for the real estate market to expand during the next phase to meet the needs of the market, especially in sustainable urban projects that contribute to supporting Qatar National Vision 2030.

The real estate market must adapt to the requirements of the next phase in terms of design, sustainability, and diversity, which we are beginning to see now, Al Kuwari said, noting that Qatar’s advanced infrastructure and rapid transportation routes contribute to horizontal expansion and construction in new areas thanks to the ease of movement to the main business centers.

Concerning the need for mergers in the local market to create major real estate entities that can compete locally and globally, he said that the merger depends on the companies’ decisions, ambitions, and vision. However, Qatari companies enjoy a good reputation in the real estate and construction market, in light of the achievements they have made to prepare for the World Cup. The competition of global giants has requirements and rules, and merger is one of the ways that help secure large capital and investment capabilities that can keep up with giant companies, and thus open many horizons for companies to access new markets. (MORE)

Source: Qatar News Agency

April 10, 2023

Hamad Bin Khalifa University Launches Expertise Catalog

Hamad Bin Khalifa University (HBKU) has launched the Expertise Catalog, an online platform that provides media partners and stakeholders access to HBKU’s wealth of research expertise in a wide array of subject areas.

The HBKU Expertise Catalog is designed to offer a professional, seamless, and agile approach toward sustainable and diversified collaboration in eight crucial fields that cater to local and global market demands. These areas consist of energy, water and environment, health and life sciences, humanities and social sciences, innovation and entrepreneurship, Islamic studies, and law and policy, with over 150 specialized sub-areas included in the Catalog.

This unique system will allow visitors to filter their search within these expertise areas by selecting required categories, sub-categories, or via a basic search bar. Visitors can filter their search by selecting the ‘expertise area’, ‘sub-area of expertise’, and/or ‘expert name’. The platform can be accessed at any time and connect directly with our experts to collaborate on engagement opportunities, including research projects, seminars, consultancy, online education platforms, and more.

With the release of the Expertise Catalog, HBKU is a national resource of knowledge, serving government, industry, and society in Qatar by leveraging synergies with partners and other organizations.

Source: Qatar News Agency

April 10, 2023

Karwa, Yutong Sign MoU to Support Electric Vehicle Research

Mowasalat (Karwa), Qatar’s leading transportation company, signed a Memorandum of Understanding (MoU) with bus manufacturer Yutong for joint research and development of electric vehicles (EVs) for logistics.

The MoU outlines several areas of cooperation between the two companies, including the joint promotion of the application and development of electric commercial vehicles in Qatar, joint research and development of electrification projects, and joint research on safe driving and operation efficiency for electric vehicles. The MoU was signed by the CEO of Karwa Fahad Saad Al Qahtani and the CEO of Yutong Middle East Shen Hui. This MoU adds to Karwa’s agenda of actively pushing toward a healthier environment.

Commenting on the MoU, CEO of Mowasalat (Karwa) Fahad Saad Al Qahtani said, “We are the key player for transportation in Qatar and as such we are aware of our ecological responsibility for the country. This cooperation will help us achieve our goal of promoting the use of clean energy and reducing carbon emissions. We look forward to working closely with Yutong on the joint research and development of EVs for logistics, as well as other initiatives related to new energy.” “At Yutong, we are committed to create a sustainable future for all, and we will further advance the development of electric commercial vehicles in Qatar. This collaboration represents a significant milestone for Yutong, and we look forward to working together to contribute to a greener and cleaner environment for Qatar,” said the CEO of Yutong Middle East, Shen Hui.

During the last few years, Karwa has been committed to reducing carbon emissions and promoting clean energy in Qatar. For the FIFA World Cup Qatar 2022, the company introduced the use of E-Buses and E-Limousines for shared public transportation with tremendous success.

By promoting E-vehicles for commercial purposes, the company continues to contribute to the development of e-mobility and creating a greener environment for future generations. Karwa’s efforts towards sustainability support the Qatar National Vision 2030 for a sustainable and diversified economy, the reduction of adverse influences on the environment, and the improvement of the quality of life for Qatar’s citizens.

Source: Qatar News Agency

April 10, 2023

Ben Gdara discusses with the Arabian Gulf Oil Company the difficulties facing raising production levels.

The Chairman of the National Oil Corporation, Farhat Ben Gdara, visited the Arabian Gulf Oil Company in Benghazi yesterday to follow up on the progress of work and difficulties facing the company, to raise production levels in all its fields.

On the margins of this visit, a meeting was held that included the Chairman of the Management Committee of the company, Mohammed Bin Shatwan, and members of the Management Committee, according to the company’s Facebook page.

The meeting discussed various issues and files, including supporting the company and working to settle the debts owed by the company in order to motivate and encourage companies, support users, and provide them with a suitable environment.

Source: Libyan News Agency

April 10, 2023

Bathily commends the efforts of the military and security leaders in securing the Libyan south.

The UN Envoy, Abdoulaye Bathily, commended the efforts of the military and security leaders in securing the southern region and protecting the nation’s natural resources, which are considered the major source of income for Libya and should be utilized for the benefit of all Libyans.

“My visit to Sebha comes as a part of the various tracks of consultations with stakeholders across Libya in support for elections, and I met with military and security leaders from all over the south.” Bathily said in a tweet.

Bathily commended the courageous and patriotic initiatives presented by their leaders to heal the physical and moral wounds caused by the conflict for the sake of Libya.

Bathily stated in another tweet that he had met with many of Libya’s military and security leaders to build bridges among Libyan actors towards the unification of military and security institutions and secure their commitment to establish a conducive security environment for elections.

“I praised their efforts to ensure security in the south and the territorial integrity of Libya. I commended their work to protect the nation’s natural resources, which remain the major source of income for Libya, and which should be utilized for the benefit of all Libyans.” He added.

Bathily visited Sebha yesterday and met with groups of notables, civil society, and women, as well as military and security leaders from all over the south.

Source: Libyan News Agency

April 10, 2023

CEOs, Real Estate Experts to QNA: Promising Prospects for Real Estate Sector in Light of Strong Qatari Economy -2-

In an exclusive statement to Qatar News Agency , Vice Chairperson of the Board of Directors and Managing Director of Ariane Real Estate Mohammed Al Ali said that the performance of the real estate sector in the country during 2021 and 2022 was growing, adding that they noticed an increase in the demands of the residential and commercial sectors.

Due to the high number of residents and the failure to meet the needs of the market, an increase in expected in this demand during the next few years, he pointed out, adding that Ariane Real Estate has achieved expansion and an increase in the volume of projects due to the strength and durability of the Qatari economy, which was an important factor in attracting many investors and companies to work within the State of Qatar. This has contributed to the growth of the Qatari real estate market, and as a result, Al Ali said that they are optimistic about the market’s performance and growth for the coming period.

With regard to the current real estate investment return and its expectations for the rest of 2023, Al Ali explained that it currently ranges between 7 and 8 percent, and is expected to rise to 9 percent. An increase is expected to be seen in the value of real estate for the rest of the year, reaching between 10 and 15 percent, he added.

Regarding the opportunities for expansion and growth in the real estate market, he said that the local real estate market is an emerging market, and it has opportunities in all sectors, but the opportunities need investment in order to reap their benefits.

On the necessity of mergers in the market, he said that it provides an effective strategy to expand companies, create larger entities, increase financial flows, and improve final profitability, which leads to obtaining greater opportunities and offers to compete internationally.

The latest report of the Investment Promotion Agency of Qatar (IPA Qatar) goes in the same direction, as it note that the real estate sector provides profitable investment opportunities and favorable conditions for establishing business in the country. For example, 2022 witnessed the launch of 135 real estate projects that contributed to creating 1,856 new job opportunities and attracting investments to the state at a value of QR 86.29 billion.

The report said that the real estate price index recorded from the beginning of this year a growth of 2.6 percent during March 2022 compared to March 2021, which indicates the continued confidence of investors in the real estate market in Qatar. He also expected consumer spending to rise at a compound annual growth rate of 3.2 percent between 2021 and 2030, reflecting the growing purchasing power of local residents and international travelers.

The report also stated that housing spending is expected to increase at a compound annual growth rate of 2.6 percent between 2021 and 2030, in line with the expected increase in per capita GDP (compound annual growth rate of 2.4 percent) during the same period, and the increase in spending in areas related to quality of life.

It is likely that residential rents will witness an increase at a compound annual growth rate of 3.0 percent between 2021 and 2030, which indicates an increasing demand for high-quality residential products to meet the needs of the middle-to-high-income population.

It is noteworthy that IPA Qatar leads all investment initiatives in Qatar and contributes to the promotion of investment opportunities in the real estate sector, by issuing in-depth analytical reports and guidebooks on investment in Qatar, as well as hosting and participating in leading real estate exhibitions in the world, the latest of which is the International Real Estate Exhibition 2023 in France.

Source: Qatar News Agency

April 10, 2023

The President of the Republic: Orphans are in our responsibility, and providing them with care and support is a noble human obligation

The President of the Republic, Abdul Latif Jamal Rashid, affirmed: “Orphans are in our responsibility, and providing them with care and support is a noble human obligation.”

A presidential statement said that, in the atmosphere of Ramadan and with the advent of the feast approaching, the President of the Republic visited, today, Monday, the Zuhur Al-Alawiyyah House for Young Orphans in Baghdad, and he was received by the Director of the Directorate of Labor and Social Affairs and the Director of the Department of Care for People with Special Needs in Baghdad Governorate, Osama Iyad Sadiq, and the Director of the House, Nahla Shaker Shihab, affiliates and a number of orphaned children who expressed their happiness with this visit.

According to the statement, the President of the Republic heard the Director of the Directorate of Labor and Social Affairs a detailed explanation of the tasks and duties carried out by the home and the services it provides to orphans and providing for their needs, and he also reviewed the obstacles and obstacles that impede their work.

The President of the Republic congratulated the members of the home and the beneficiaries of the orphans on the advent of the blessed month of Ramadan, stressing that the orphans are in our responsibility, and providing care, support, and caring for them is a responsibility that everyone bears, based on the noble humanitarian commitment.

The President of the Republic affirmed, according to the statement, that the Presidency of the Republic will spare no effort in providing support and facilities for this segment, stressing the need to raise the educational and knowledge level and advance the status of services provided to orphans, and to create a safe environment in which health conditions are met by paying attention to rooms, classrooms, dormitories, organizing time and healthy food for them, and work to develop their talents and hobbies, build their personalities, and help them pave their way towards a better future.”

The President of the Republic toured, inspecting the departments of the home, which includes approximately (40) girls, and he also met a number of children, listened to their stories, and was briefed on their needs.

Source: National Iraqi News Agency

April 10, 2023

Ukraine releases 106 Russian soldiers

The Russian Ministry of Defense announced today, Monday, that Ukraine has released 106 Russian soldiers as a result of a negotiation process.

“As a result of the negotiation process, 106 Russian servicemen were returned from the territory controlled by Ukraine,” the Ministry said in a statement.

It added: “The air transport planes of the Russian Air Force will transport the released soldiers to Moscow for treatment in medical institutions affiliated with the Russian Ministry of Defense, including psychological assistance.”

Source: National Iraqi News Agency