Exodus Movement, Inc. Announces Uplist to NYSE American Exchange

OMAHA, Neb., May 06, 2024 (GLOBE NEWSWIRE) — Exodus Movement, Inc. (OTCQX: EXOD) (“Exodus” or the “Company”), the leading self-custodial cryptocurrency software platform, today announced that its common stock has been approved for listing on the NYSE American stock exchange. The Company’s Class A common stock, par value $0.000001 (the “Common Stock”), will begin trading on the NYSE American under its current symbol, “EXOD,” at the open of trading on May 9, 2024. The Common Stock will continue to trade on the OTCQX until the close of market on May 8, 2024. Current stockholders of the Company do not need to take any action prior to the Company’s expected listing on the NYSE American.

“Uplisting to the NYSE American marks a significant milestone in our journey. Trading on the NYSE American will allow Exodus to create greater long-term value for our stockholders by increasing our presence within the investor community and, in turn, increase liquidity,” said JP Richardson, CEO and co-founder of Exodus. “We believe the uplisting will broaden the awareness of Exodus.”

About Exodus

Exodus is on a mission to help half the world exit the traditional finance system. Founded in 2015, Exodus is a multi-asset software wallet that removes the geek requirement and keeps design a priority to make cryptocurrency and digital assets easy for everyone. Available for desktop, mobile and browser, Exodus allows users to secure, manage and swap cryptocurrencies like Bitcoin, Ethereum, and more across an industry-leading 10,000+ asset pairs from a beautiful, easy-to-use wallet. The self-custodial functionality is encrypted locally on users’ own devices, ensuring privacy, security and complete control over their wealth. For more info visit exodus.com.

Investor Contact

Forward-Looking Statements

This press release contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, quotations from management regarding confidence in our products, services, business trajectory and plans, and certain business metrics. These statements involve risks, uncertainties, assumptions and other factors that are difficult to predict and may cause actual results or performance to be materially and adversely different.

Factors that might cause such a difference include, but are not limited to: expectations regarding future customer adoption of Exodus for dApps, DeFi and NFTs compared to its competitors; the ongoing conflict in Ukraine, the impact of sanctions or other restrictive actions, by the United States and other countries, and the potential response by Russia thereto; difficulties predicting user behavior and changes in user spending habits as a result of, among other things, prevailing economic conditions, levels of employment, salaries and wages, inflation and consumer confidence; unexpected or rapid changes in the growth or decline of our domestic and/or international markets; increasing competition from existing and new competitors; rapidly evolving and groundbreaking advances that fundamentally alter the digital asset and cryptocurrency industry; continued compliance with regulatory requirements; volatility in the price of cryptocurrencies, such as Bitcoin, and other digital assets; the possibility that the development and release of new products or enhancements to existing products do not proceed in accordance with the anticipated timeline or may themselves contain bugs or errors requiring remediation and that the market for the sale of these new or enhanced products may not develop as expected; the risks relating to our ability to sustain or increase profitability or revenue growth in future periods (or minimize declines) while controlling expenses; the compromise of user data for any reason; foreign operational, political and other risks relating to our operations; unexpected delays encountered during the audit process; and the loss of key personnel, labor shortages or work stoppages.

More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis of Financial Condition and Results of Operations” sections of our Form 10 Amendment No. 1 for the year ended December 31, 2023, as filed on May 1, 2024. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

Source: Exodus Movement, Inc.

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Apparel Group kicked off 2024 with a robust expansion, unveiling the inauguration of 47 new stores across the Middle East and India in the first quarter

Apparel Group kicked off 2024 with a robust expansion, unveiling the inauguration of 47 new stores across the Middle East and India in the first quarter
Sima Ganwani Ved, Apparel Group Founder and Chairwoman emphasized on ‘Diversity, Equity and Inclusion’ and her unwavering dedication to fostering inclusive workplaces and promoting gender equality within the retail sector across the region.
  • Sima Ganwani Ved, Apparel Group Founder and Chairwoman emphasized on ‘Diversity, Equity and Inclusion’ and her unwavering dedication to fostering inclusive workplaces and promoting gender equality within the retail sector across the region.

DUBAI, United Arab Emirates, May 06, 2024 (GLOBE NEWSWIRE) — Apparel Group, a global leader in fashion and lifestyle retail, proudly announces a series of remarkable achievements in Q1 2024, solidifying its position as a leader in the industry.


Apparel Group commenced the year with the prestigious 5-Star Award from the European Foundation for Quality Management (EFQM), recognizing its commitment to business excellence, strategic foresight, and fostering a culture of innovation and quality in the dynamic retail sector.

Additionally, the World Woman Foundation proudly announced Sima Ganwani Ved, Founder and Chairwoman of the Apparel Group, as a distinguished speaker for the World Woman Davos Agenda, held during the World Economic Forum week on January 18 in Davos. Sima Ganwani Ved’s participation highlights Apparel Group’s dedication to championing women empowerment and diversity on a global stage.

The month also witnessed the launch of Bliss Bites, a revolutionary gut-healthy food brand and café introduced by Apparel Group, catering to the growing demand for wellness-focused products among consumers.


In February, Apparel Group was announced as Headline Partner for RLI MENA Awards and Lifestyle Partner for RLI MENA Connect in Riyadh, KSA. Additionally, Apparel Group was honored as the MENA Retail Partner of the Year at the prestigious RLI MENA Awards 2024, highlighting its continued success and influence in the region’s retail landscape.

Moreover, Apparel Group made significant strides in its retail partnerships and industry recognition. The company was unveiled as the Headline Partner for the 10th Retail Leaders Circle MENA Summit 2024 in Riyadh, KSA, reaffirming its commitment to driving innovation and excellence in the retail sector.


March marked another pivotal moment for Apparel Group as it celebrated the grand opening of the inaugural Nysaa store in the GCC region, a joint venture setup with Nykaa, India’s largest omni-channel beauty retailer. This collaboration blends Apparel Group’s retail prowess with Nykaa’s expertise, offering consumers a world-class shopping experience in Dubai.

Additionally, Apparel Group expanded its luxury portfolio with the grand launch of Forest Essentials at Dubai Hills Mall. The event showcased an exquisite décor, immersing guests in the world of Luxurious Ayurveda. Vibrant-colored blooms and striking product displays highlighted the natural ingredients central to Forest Essentials’ ethos.

In a strategic expansion, Apparel Group extended its partnership with Crocs, bringing this iconic brand under its wing in Kuwait. This move broadens the company’s presence in the GCC, where it already operates 88 Crocs stores.

Complementing its expansion efforts, Apparel Group collaborated with Dubai Holding for the ‘Gift It Forward’ initiative, aiming to support over 8,500 Dubai residents during Ramadan. This initiative underscores the company’s dedication to social responsibility and community engagement.

The month also saw the return of the highly anticipated Great Online Sale by Apparel Group, offering exclusive Eid shopping deals with discounts of up to 80%. This sale further reinforced the company’s reputation as a leader in retail innovation.


As the momentum continued into April, Apparel Group intensified its expansion efforts with the unveiling of 47 new stores across the Middle East and India in Q1 2024. These new openings exemplify the company’s commitment to providing exceptional shopping experiences and meeting the evolving needs of its diverse customer base. This expansion included the launch of Qatar’s first Forever New store, the fourth in the GCC, as part of a joint venture expansion plan to open 40 locations.

Moreover, Apparel Group proudly reaffirmed its commitment to excellence by becoming the Platinum Partner for The Retail Summit 2024, held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The partnership underscores Apparel Group’s dedication to driving transformative discussions and initiatives in the global retail arena.

The company also concluded its role as the Platinum Partner at The Retail Summit 2024, hosted at the renowned Atlantis, The Palm. The summit, held on April 23rd and 24th, brought together prominent figures in global retail, exchanging invaluable insights and strategies pivotal for the evolution of the retail sector. Neeraj Teckchandani, CEO of Apparel Group, participated in a panel discussing the strategic importance of market expansion in the GCC and the need for innovative approaches to redefine omnichannel experiences. Sima Ganwani Ved, Founder and Chairwoman, also honored the summit with her presence in a panel discussion on the vital topic of ‘Diversity, Equity and Inclusion – Inspiring the Next Generation of Retail Talent.’

Commenting on these achievements, Neeraj Teckchandani, CEO of Apparel Group, stated, “We are thrilled to announce our continued growth and success in Q1 2024. These milestones reflect our unwavering dedication to excellence, innovation, and making a positive impact in the communities we serve. As we look ahead, we remain committed to pushing boundaries, fostering partnerships, and delivering unparalleled value to our customers.”

For more information about Apparel Group and its latest initiatives, please visit the official website at https://apparelglobal.com/en/

About Apparel Group LLC

Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy – Dubai, United Arab Emirates. Today, Apparel Group caters to thousands of eager shoppers through its 2200+ retail stores and 85+ brands on all platforms while employing over 22,000+ multicultural staff.

Apparel Group has carved its strong presence in the GCC and expanded thriving gateways to market in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, and Egypt. Additionally, clear strategies are in place to enter emerging markets such as Hungary and Philippines.

Apparel Group has created an omni-channel experience, operating brands originating from the USA, Canada, Europe, Australia, and Asia. The brands include leading names in fashion, footwear, and lifestyles such as Tommy Hilfiger, Charles & Keith, Skechers, Aldo, Nine West, Aeropostale, Jamie’s Italian, Tim Hortons, Cold Stone Creamery, Inglot, and Rituals.

Apparel Group owes its amazing growth to the vision and guidance of its dynamic Founder and Chairwoman, Mrs. Sima Ganwani Ved, who has taken the company from strength to strength since its inception in the last two decades.



A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c6ed637-e72f-4bc7-af09-63a84fe85c57

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‫بدأت مجموعة أباريل عام 2024 بسلسلة توسعات كبرى من خلال افتتاح 47 متجراً في الشرق الأوسط والهند خلال الربع الأول

بدأت مجموعة أباريل عام 2024 بسلسلة توسعات كبرى من خلال افتتاح 47 متجراً في الشرق الأوسط والهند خلال الربع الأول
· أكدت سيما جانواني فيد، مؤسسة ورئيسة مجلس إدارة مجموعة أباريل، على موضوع “التنوع، والمساواة، والشمولية” وعلى التزامها الراسخ نحو تعزيز بيئة عمل شمولية وتحقيق المساواة بين الجنسين في قطاع التجزئة في سائر المنطقة.
  • أكدت سيما جانواني فيد، مؤسسة ورئيسة مجلس إدارة مجموعة أباريل، على موضوع “التنوع، والمساواة، والشمولية” وعلى التزامها الراسخ نحو تعزيز بيئة عمل شمولية وتحقيق المساواة بين الجنسين في قطاع التجزئة في سائر المنطقة.

دبي، الإمارات العربية المتحدة, May 06, 2024 (GLOBE NEWSWIRE) —

مجموعة أباريل، الشركة الرائدة عالمياً في مجالات تجزئة الموضة وأسلوب الحياة، تعلن بكل فخر عن سلسلة من الإنجازات المحورية في الربع الأول من عام 2024 لتعزز مكانتها في ريادة المجال.


حيث بدأت مجموعة أباريل هذا العام بحصولها على اعتماد “5 نجوم” من المؤسسة الأوروبية لإدارة الجودة EFQM، والتي تعترف بالتزامها بالتميز في مجال الأعمال، والتخطيط الاستراتيجي، وترسيخ ثقافة مبنية على الابتكار والجودة في قطاع التجزئة التفاعلي.

بالإضافة لذلك، قامت مؤسسة المرأة العالمية بالإعلان عن السيدة سيما فيد، مؤسسة ورئيسة مجلس إدارة مجموعة أباريل، كمتحدثة في أجندة دافوس للمرأة العالمية، والذي انعقد خلال أسبوع المنتدى الاقتصادي العالمي في دافوس بتاريخ 18 يناير. حيث برهنت مشاركة سيما فيد في هذه القمة على التزام مجموعة أباريل بدعم تمكين المرأة والتنوع في المنصات الدولية.

وفي الشهر ذاته، تم إطلاق بليس بايتس، مطعم وكافيه صحي بإدارة مجموعة أباريل، ويتميز بتلبية الطلب المتزايد للمنتجات الصحية لدى المستهلكين.


في فبراير، تم الإعلان عن مجموعة أباريل كشريك رئيسي لحفل جوائز ” RLI MENA ” وشريك أسلوب الحياة في منتدى ” RLI Connect MENA ” المقام في الرياض، المملكة العربية السعودية. كما وحصلت مجموعة أباريل على جائزة شريك قطاع التجزئة للعام خلال حفل توزيع جوائز “RLI MENA 2024 ” تأكيدا على نجاحاتها المتواصلة وتأثيرها على عالم التجزئة في المنطقة.

علاوة على ذلك، قطعت مجموعة أباريل أشواطاً كبيرة في مجالات تكوين تحالفات التجزئة والحصول على الجوائز في هذا المجال. وتم الإعلان عن مجموعة أباريل كشريك رئيسي في القمة العاشرة لمنتدى دائرة قادة التجزئة في الشرق الأوسط وشمال أفريقيا 2024 في الرياض، المملكة العربية السعودية مما يرسخ التزامها نحو الابتكار والتميز في قطاع التجزئة.


شهد شهر مارس لحظة محورية في مسيرة مجموعة أباريل حيث احتفلت بافتتاح أول متجر رسمي لعلامة نساء في منطقة الخليج، وهي مشروع مشترك مع شركة” Nykaa “، المنصة التجارية متعددة القنوات الأكبر في الهند. هذا التحالف يجمع بين التميز التجاري لمجموعة أباريل في السوق الخليجي والخبرات الكبيرة لشركة”Nykaa” في عالم مستحضرات التجميل من أجل تقديم تجربة تسوق مثالية وعالمية للمتسوقين في دبي.

كما تم الافتتاح الرسمي لمتجر فورست اسينشيالز في دبي هيلز مول ليشكل إضافة مهمة للمجموعة الواسعة من العلامات التجارية الفاخرة التي تديرها مجموعة أباريل.كما تخلل هذا الافتتاح أجواء في غاية الروعة بديكور ساحر، أدى إلى تمتع الضيوف بعالم الأيورفيدا. كما تم استعراض مفعم بالألوان ومنتجات ساحرة بمكونات الطبيعية التي تمثل جوهر فورست اسينشيالز.

وضمن توسع استراتيجي، قامت مجموعة أباريل بتمديد شراكتها مع كروكس من خلال ضم العلامة في الكويت. كما تعزز هذه الخطوة بصمة الشركة في دول مجلس التعاون الخليجي حيث تدير المجموعة على 88 متجراً لعلامة كروكس.

واستكمالاً لجهودها التوسعية، تعاونت مجموعة أباريل مع دبي القابضة في مبادرة ” هبة في محلها ” التي تهدف لدعم أكثر من 8500 مقيماً في دبي خلال شهر رمضان. حيث أكدت هذه المبادرة على التزام المجموعة بالمسؤولية المجتمعية والتفاعل الاجتماعي.

وشهد هذا الشهر عودة التخفيضات الإلكترونية الكبرى المرتقبة من مجموعة أباريل من جديد بخصومات حصرية للعيد تصل إلى 80% خلال هذا الشهر. حيث أكدت هذه التخفيضات على سعي وجهود الشركة نحو الابتكار في مجال التجزئة.


استمراراً في هذه الوتيرة المتسارعة، ضاعفت مجموعة أباريل جهودها التوسعية من خلال افتتاح 47 متجراً جديداً في الشرق الأوسط والهند في الربع الأول من عام 2024. حيث تعكس هذه الافتتاحات الجديدة التزام الشركة بتوفير تجارب تسوق مميزة وتلبية متطلبات القاعدة الكبيرة والمتنوعة للمتسوقين. كما شمل هذا التوسع افتتاح المتجر الأول لعلامة فورايفر نيو في قطر، الرابع في دول مجلس التعاون الخليجي، ضمن مشروع مشترك لافتتاح 40 متجراً.

بالإضافة لذلك، أكدت المجموعة التزامها بالتميز بدورها كشريك بلاتيني لقمة التجزئة 2024 المقامة تحت رعاية صاحب السمو الشيخ محمد بن راشد آل مكتوم، نائب رئيس الدولة، رئيس مجلس الوزراء، حاكم دبي. ودلت هذه الشراكة على جهود مجموعة أباريل نحو خوض النقاشات التفاعلية والمبادرات في مجال التجزئة العالمي.

كما اختتمت الشركة مهامها كشريك استراتيجي لقمة التجزئة 2024 التي أقيمت في فندق أتلانتس الأيقوني ، نخلة دبي. حيث جمعت هذه القمة، التي أقيمت خلال 23 و 24 أبريل، خبراء مجال الذين تبادلوا الآراء القيمة والاستراتيجيات المحورية حول تطوير قطاع التجزئة. حيث شارك نيراج تيكشينداني، الرئيس التنفيذي لدى مجموعة أباريل، في جلسة حوارية حول الأهمية الاستراتيجية للتوسع في السوق الخليجي والحاجة للأساليب المبتكرة من أجل تغيير مفاهيم التجارب متعددة القنوات. شهدت القمة حضور السيدة سيما جانواني فيد، مؤسسة ورئيسة مجلس إدارة مجموعة أباريل، ضمن أبرز المتحدثين في خلال اليوم الثاني. حيث شاركت خبرتها الواسعة من خلال نقاشات حول الموضوع المحوري “التنوع، والمساواة، والشمولية – إلهام الجيل القادم من مواهب التجزئة“.

وعلق السيد نيراج تيكشينداني، الرئيس التنفيذي لدى مجموعة أباريل، على هذه الإنجازات بقوله”يسرنا الإعلان عن نمونا المتواصل ونجاحاتنا في الربع الأول من عام 2024. هذه الإنجازات تعكس التزامنا المستمر بالتميز، والابتكار، والتأثير الإيجابي على المجتمعات التي نخدمها. وضمن رؤيتنا المستقبلية فنحن نسعى لتخطي التوقعات، وبناء التحالفات، وتقديم القيمة الاستثنائية للمتسوقين.

للمزيد من المعلومات حول مجموعة أباريل ومبادراتها، يرجى زيارة الموقع الرسميhttps://apparelglobal.com/ar/

لمحة عن مجموعة أباريل

تقف مجموعة أباريل، أكبر مشغل في مجالات الأزياء وأسلوب الحياة، على مفترق طرق الاقتصاد الحديث في مدينة دبي، بدولة الإمارات العربية المتحدة. واليوم، أضحت المجموعة قادرة على تلبية احتياجات ملايين المتسوقين عبر أكثر من 2,200 متجراً وأكثر من 85 علامة تجارية وبتعيين 22,000 موظف من مختلف الثقافات.
حققت المجموعة حضوراً قوياً وراسخاً في دول مجلس التعاون الخليجي كما أنها نجحت في توسيع مجالات تسويقها في الهند وجنوب أفريقيا وسنغافورة واندونيسيا وتايلند وماليزيا ومصر. وإضافة إلى ذلك، وضعت المجموعة استراتيجيات واضحة للدخول إلى العديد من الأسواق الناشئة مثل هنغاريا والفليبين.
تدير مجموعة أباريل العديد من العلامات التجارية العالمية الشهيرة، التي انطلقت من الولايات المتحدة الأمريكية وكندا وأوروبا وأستراليا وآسيا، وتضم الكثير من الأسماء الرائدة في عالم الأزياء، الأحذية ونمط الحياة على غرار تومي هيلفيغر، تشارلز آند كيث، سكتشرز، ألدو، ناين وست، إروبوستال، وغيرها من الأسماء بالإضافة لعلامات تجارية رئيسية مثل تيم هورتنز، جيميز اتاليان، كولدستون كريمري، إنجلوت، ريتوالز وذلك على سبيل المثال لا الحصر.
يذكر بأن الفضل في نجاحات مجموعة أباريل ونموها المذهل يعود لرؤية وتوجيهات مؤسستها ورئيسة مجلس الإدارة سيما جنواني فيد، التي انطلقت بالشركة من القوة إلى الأقوى منذ نشأتها وعلى امتداد عقدين من الزمن.


الصورة المصاحبة لهذا الإعلان متاحة على

GlobeNewswire Distribution ID 9110933

European Stocks Start the Week Strong

European stocks closed on a bright note on Monday .The pan-European Stoxx 600 climbed 0.53%. Germany’s DAX jumped 0.96%, while France’s CAC 40 ended 0.49% up, while Switzerland’s SMI both ended higher by 0.49%. The London Stock Exchange was closed today for a Bank Holiday. Among other markets in Europe, Austria, Belgium, Denmark, Finland, Greece, Netherlands, Norway, Poland, Spain and Sweden closed higher.

Source: Qatar News Agency

UDC Accepts Conditional Offer to Buy 40 Percent of its Share in Qatar Cool

Doha: United Development Company announced its acceptance of a conditional offer to purchase 40 percent of its share in the Qatar Cooling District Company (Qatar Cool).

The offer was submitted by the Qatar Investment Authority (QIA) for QR 800 million, according to a statement by the United Development Company (UDC) published on the Qatar Stock Exchange (QSE) website.

All the relevant laws and, regulations and the applicable procedures set out in the Companies Law No. (11) for the year 2015 and its amendments in Law No (8) for the year 2021 were taken in consideration.

Source: Qatar News Agency

Oman Central Bank Issues Treasury Bills Worth OR 85.5 Million

Oman Central Bank has announced that the total value of government treasury bills allocated for this week amounted to OR 85.5 million .

The bank explained, in a statement today, that the value of the bills allocated for a maturity period of 28 days amounted to OR 6.5 million , with an average acceptable price of OR 99.647 , and the lowest acceptable price reached 99.645 per OR100 , while the average discount rate was 4.59760 percent, and the average return was 4.61387 percent.

It added that the value of the bills allocated for a maturity period of 91 days amounted to OR17 million , with an average acceptable price of OR 98,745 , and the lowest acceptable price reached 98,740 per OR100 , while the average discount rate was 5.03497 percent, and the average return was 5.09898 percent.

The value of the bills allocated for a maturity period of 182 days amounted to OR 42 million , with an average acceptable price of OR 97,450 , and the lowest acceptable price reached 97,445 per OR100, while the average discount
rate was 5.11449 percent, and the average return was 5.24833 percent.

On the other hand, the value of the bills allocated for a maturity period of 364 days amounted to OR 20 million , with an average acceptable price of OR 95,160, and the lowest acceptable price reached 95,160 per OR100 , while the average discount rate was 4.85330 percent, and the average return was 5.10014 percent.

The statement noted that the interest rate on repurchase operations with the Oman Central Bank (repo) on these bills is 6.00 percent, while the discount rate with the Central Bank on treasury bill facilities is 6.50 percent.

Treasury bills are a guaranteed short-term financial instrument issued by the Ministry of Finance to provide investment outlets for licensed commercial banks, with the Oman Central Bank acting as the issuance manager for these bills.

Source: Qatar News Agency

Qatar Airways Showcases Latest Travel Innovations at Arabian Travel Market 2024

Qatar Airways has captured the spotlight on the opening day of the Arabian Travel Market (ATM) 2024, with a stunning holographic display of Sama, the airline’s second-generation AI-powered digital human cabin crew. This innovative display, along with a cutting-edge stand featuring multi-sensory-rich experiences showcased the airline’s technological prowess, captivating crowds at the biggest travel and tourism event in the Middle East.

Powered by advanced conversational AI, Sama engaged with ATM’s attendees, effortlessly demonstrating her knowledge on Qatar Airways’ diverse operations. The digital human cabin crew, designed to enable personalised travel experiences, will continue to evolve over time to improve responses through passenger interactions in the airline’s immersive platform, QVerse.

In addition to the introduction of Sama, the multiple award-winning airline unveiled its innovative experience stand, offering enthusiastic crowds advanced immersive experiences. From virtual reality (VR) tours to the
revolutionary multi-sensory pod, Qatar Airways’ latest technological advancements continue to enthral visitors at ATM 2024, offering them a unique way to explore the interiors of the airline’s state-of-the-art the fleet, as well as the exceptional luxury and comfort of the award-winning Qsuite.

Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al Meer, said: “Qatar Airways is thrilled to return this year to ATM Dubai with Sama 2.0, who not only represents the cutting-edge of digital innovation in human interaction but also enhances the travel experience for all our passengers. As a multiple award-winning airline, this aligns perfectly with our commitment to exceeding expectations, offering both experts and travellers unparalleled, innovative interactions that resonate with them.” Earlier this year, the national carrier of the State of Qatar announced several route launches and resumptions, as well as a significant increase in flight frequencies to meet the growing travel demand and enhance the
airline’s global network comprising of more than 170 destinations.

Source: Qatar News Agency

The Minister of Oil stresses the importance of accelerating investment in associated gas to support the energy sector

The Deputy Prime Minister for Energy Affairs and Minister of Oil stressed the importance of accelerating the investment of associated gas to support the energy sector in Iraq.

Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, said, during his meeting with representatives of international companies working within the licensing rounds to develop oil fields on Monday, that the ministry has placed among its priorities the sustainability of oil production and optimal investment of associated gas, by supporting projects that achieve a new addition to national production. .

The Minister of Oil indicated the keenness of the government and the Ministry to enhance cooperation with international companies operating in Iraq in order to achieve common interests and goals.

In turn, Ministry Spokesman Assem Jihad said, ‘The meeting included discussing topics and issues of common interest, in addition to studying the proposals presented that aim to expand and enhance the horizons of bilatera
l cooperation between national oil companies and their foreign counterparts through joint management of the oil fields.

Source: National Iraqi News Agency

Qatar’s ATM 2024 Pavilion Opens

Visit Qatar’s pavilion at the Arabian Travel Market (ATM) 2024, opened its doors to the Exhibition’s visitors, on Monday.

Held from May 6-9 in Dubai, the UAE, the 31st ATM is themed “Empowering Innovation – Transforming Travel Through Entrepreneurship”.

Visit Qatar’s stand focuses on Qatar’s key tourist attractions and unique combinations of the authentic cultural heritage and modernity, and aims to promote the country as a tourist destination.

Raya Al Moghaisib, from Visit Qatar’s Tourism Marketing and Promotion Sector, said Qatar’s participation in the event seeks to bolster Qatar Tourisms presence in major tourism exhibitions, explore new opportunities, and exchange discussions with the key travel and tourism firms in the Middle East and the world.

Qatar Tourism is keen to participate in regional and international tourism exhibitions and events, in order to promote the State of Qatar as a distinguished tourist destination, and to enhance awareness of the offers and experiences that Qatar offers to its
visitors and partners, she said.

She added that these exhibitions provide opportunities to explore new markets, strengthen partnerships with key partners, in addition to introducing the latest tourism developments taking place in the State of Qatar.

Visit Qatar will lead a diverse delegation team consisting of 43 representatives of tourism sector, in the Qatari Pavilion at the Dubai World Trade Centre. The Visit Qatar’s double decker stand spans over 600 square meters with 150 square meters for the upper deck.

In collaboration with Heenat Salma, Visit Qatar will present a cultural area at the stand including four activities: Sadu weaving, and body oil making. These activities highlight Qatars rich heritage and traditions, offering attendees to indulge in local, Qatari culture.

Exhibitors will have the opportunity to explore new areas in the tourism market, highlight the benefits of cooperation, and attract additional investment in the tourism sector.

With over 1,500 exhibitors, attendees from over 150 co
untries, and over 23, 000 annual visitors, ATM is one of the largest travel and tourism conferences in the world.

Source: Qatar News Agency

Sponsored by Al-Sudani: The Iraqi Trade Bank signs a memorandum of cooperation with the Japanese Foundation for International Cooperation

The signing ceremony of a memorandum of cooperation between the Trade Bank of Iraq (TBI) and the Japan International Cooperation Corporation (JICA) took place today, under the patronage of Prime Minister Muhammad Shia Al-Sudani, in the presence of the Deputy Prime Minister and Minister of Planning, Muhammad Tamim, and the technical advisor to the Prime Minister, Chairman of the Diwani Order Committee for Sovereign Guarantees, Muhammad Sahib Al-Daraji.

The Prime Minister’s media office stated that the memorandum of cooperation comes within the framework of the government’s initiative to grant sovereign guarantees to the private sector, and also within the work of the special committee for sovereign guarantees covered by the General Budget Law for the year 2023, and Cabinet Resolution No. (23404) for the year 2023.

The memorandum includes the Japanese Foundation financing projects for the Iraqi private sector, to establish factories inside Iraq, with the aim of localizing the national industry in the field of
pharmaceutical, construction, chemical, petrochemical, energy, agricultural and food industries. This is in implementation of what was included in the government program, to support and localize strategic industries, and based on the directives of the Prime Minister in this regard.

In light of the memorandum, an initial amount of $200 million will be provided to finance important projects that provide a service to the Iraqi citizen and economy, and which will contribute to reducing foreign imports, as well as reducing hard currency transfers abroad.

According to the statement, the memorandum aims to raise the efficiency of Iraqi companies to the global level, through openness to international banks for financing, and controlling quality by concluding agreements with major industrial countries.

Source: National Iraqi News Agency

Saudi Stock Exchange Closes Lower

The Saudi Stock Exchange main index close at 12,372.50 points, 0.61 points down from the previous closing.

A total of 261 million shares were traded with a total trading value of SAR 7.3 billion.

The shares of 116 companies rose, while those of 110 declined.

Meanwhile, the Saudi Parallel Market Index (NOMU) rose 85 points to close at 26,791.00 with three million shares being traded at SAR 39.2 million.

Source: Qatar News Agency

Al-Alaq: The Iraqi banking sector has witnessed significant qualitative developments in response to the policies of the Central Bank

The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed: ‘Over the past ten years, the Iraqi banking sector has witnessed significant qualitative developments in response to the adoptions and policies of the Central Bank of Iraq.’

Al-Alaq pointed out in a speech at the opening of the conference of the Union of Arab Banks, in Baghdad, to the importance of holding such conferences, within the framework of the many cooperation and partnerships that the Central Bank of Iraq establishes with various Arab and international organizations and institutions, and its openness to them with the aim of exchanging experiences and improving performance in the banking and financial sector. This reflects the extent of compatibility of development visions and strategic goals with regard to the topics being addressed, which focus on key substantive areas such as supporting economic development and combating and financing terrorism.’

He explained: ‘Central banks faced increasing challenges after decades of traditional
functions and tasks, which could be closer to stasis, until each period brought different challenges that required a special approach to confront them. After long periods of decline in prices and inflation, the global economy began to face a phase characterized by a rise in prices, inflation and high levels of public and private debt.

He added, “The financial crisis in 2008 was followed by a series of challenges represented by public debt and the rush to raise interest rates to confront inflation threats, which makes servicing the public debt more expensive. Today there are many shocks, including demand versus supply, special risks versus systemic risks, and permanent counterparty shocks, which require a modified approach in the face of sudden and unexpected changes.”

He continued: ‘Central banks are facing new challenges in the interaction between financial and monetary stability, in light of the dominance of public finances and the central banks’ decision to facilitate excessive government debts at the ex
pense of fiscal control, which requires reducing spending or increasing domestic revenues, or both.’

Al-Alaq stressed: ‘Over the past ten years, the Iraqi banking sector has witnessed major qualitative developments in response to the adoptions and policies of the Central Bank of Iraq, as it introduced and applied for the first time the practices of compliance rules, governance, risk management, precautionary oversight, risk-based oversight, comprehensive tour management, business continuity, digital services, and financial inclusion.’ He added: ‘Despite all these developments, there remain major and escalating challenges represented in compliance with international laws, legislation, requirements and standards, and others that have a direct connection and impact on the openness of local financial institutions to their international counterparts.’

Source: National Iraqi News Agency