VinFast signs Qatar exclusive dealership agreement with Al Mana Holding W.L.L.

DOHA, QATAR – Media OutReach Newswire – 9 August 2024 – VinFast Auto has officially signed an exclusive dealership agreement with Al Mana Holding W.L.L. for the distribution of VinFast electric vehicles (EV) across Qatar. The inaugural facility is planned to open in Q3/2024 in the heart of Doha city and will offer four VinFast e-SUV models VF 6, VF 7, VF 8, and VF 9 upon each model’s respective launch in the market.

Mr. Hisham Saleh Al Mana, Chairman of Al Mana Holding Group (in white) and Mr. Ta Xuan Hien, CEO of VinFast Middle East (4th from the left), along with representatives from both parties at the signing ceremony.

Under the agreement, Al Mana Holding will become the exclusive dealer of VinFast in Qatar. With extensive experience and long-standing reputation in the automotive sector, Al Mana Holding will be a reliable partner, helping VinFast quickly capture the potential Qatar market by establishing a network of professional stores and services in the country.

Founded in the 1950s, Al Mana Holding is one of the leading economic conglomerates in Qatar. With a shared vision for a green future, the cooperation agreement between VinFast and Al Mana Holding promises to bring the people of Qatar smart and green mobility solutions, contributing to the sustainable development goals of the country as well as the Middle East region.

Mr. Ta Xuan Hien, CEO of VinFast Middle East, said: “The agreement with Al Mana Holding W.L.L. marks an important milestone in VinFast’s global market expansion strategy, and specifically, our entry into the Middle East. We are confident that Al Mana Holding’s reputation, expertise and market knowledge will enable us to quickly deliver premium products and services to Qatari customers.”

Mr. Hisham Saleh Al Mana, Chairman of Al Mana Holding, said: “We are thrilled to announce our exclusive partnership with VinFast in Qatar, adding to the Al Mana Holding’s portfolio. VinFast’s innovation and rapid growth showcase their high-quality products. By joining forces, Al Mana Holding and VinFast aim to revolutionize the Qatari automotive landscape, offering customers a range of cutting-edge electric vehicles that cater to their needs while minimizing environmental impact.”

Since the fourth quarter of 2023, VinFast has changed its strategy from a direct sales model to consumers to a hybrid model that leverages existing distribution infrastructure through the establishment of a global dealer network. It is expected that sales through dealers will contribute significantly to VinFast’s sales in the second half of 2024.

In addition to key markets such as the United States, Canada, and Europe, VinFast is actively expanding into neighboring countries in Asia such as India, Indonesia, Thailand, and the Philippines, as well as the Middle East and Africa.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play EV manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at: https://vinfast.com/

About Al Mana Holding W.L.L.

Al Mana Holding W.L.L. – a prominent Qatari conglomerate with a history dating back to the late 1950s. As one of the region’s leading automotive dealers since 1998, Al Mana Holding is known for its strong reputation and diverse business portfolio. Learn more at: https://www.almanaholding.com.qa/

VinFast signs Qatar exclusive dealership agreement with Al Mana Holding W.L.L.

DOHA, QATAR – Media OutReach Newswire – 9 August 2024 – VinFast Auto has officially signed an exclusive dealership agreement with Al Mana Holding W.L.L. for the distribution of VinFast electric vehicles (EV) across Qatar. The inaugural facility is planned to open in Q3/2024 in the heart of Doha city and will offer four VinFast e-SUV models VF 6, VF 7, VF 8, and VF 9 upon each model’s respective launch in the market.Mr. Hisham Saleh Al Mana, Chairman of Al Mana Holding Group (in white) and Mr. Ta Xuan Hien, CEO of VinFast Middle East (4th from the left), along with representatives from both parties at the signing ceremony.

Under the agreement, Al Mana Holding will become the exclusive dealer of VinFast in Qatar. With extensive experience and long-standing reputation in the automotive sector, Al Mana Holding will be a reliable partner, helping VinFast quickly capture the potential Qatar market by establishing a network of professional stores and services in the country.

Founded in the 1950s, Al Mana Holding is one of the leading economic conglomerates in Qatar. With a shared vision for a green future, the cooperation agreement between VinFast and Al Mana Holding promises to bring the people of Qatar smart and green mobility solutions, contributing to the sustainable development goals of the country as well as the Middle East region.

Mr. Ta Xuan Hien, CEO of VinFast Middle East, said: “The agreement with Al Mana Holding W.L.L. marks an important milestone in VinFast’s global market expansion strategy, and specifically, our entry into the Middle East. We are confident that Al Mana Holding’s reputation, expertise and market knowledge will enable us to quickly deliver premium products and services to Qatari customers.”

Mr. Hisham Saleh Al Mana, Chairman of Al Mana Holding, said: “We are thrilled to announce our exclusive partnership with VinFast in Qatar, adding to the Al Mana Holding’s portfolio. VinFast’s innovation and rapid growth showcase their high-quality products. By joining forces, Al Mana Holding and VinFast aim to revolutionize the Qatari automotive landscape, offering customers a range of cutting-edge electric vehicles that cater to their needs while minimizing environmental impact.”

Since the fourth quarter of 2023, VinFast has changed its strategy from a direct sales model to consumers to a hybrid model that leverages existing distribution infrastructure through the establishment of a global dealer network. It is expected that sales through dealers will contribute significantly to VinFast’s sales in the second half of 2024.

In addition to key markets such as the United States, Canada, and Europe, VinFast is actively expanding into neighboring countries in Asia such as India, Indonesia, Thailand, and the Philippines, as well as the Middle East and Africa.

***

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play EV manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at: https://vinfast.com/

About Al Mana Holding W.L.L.

Al Mana Holding W.L.L. – a prominent Qatari conglomerate with a history dating back to the late 1950s. As one of the region’s leading automotive dealers since 1998, Al Mana Holding is known for its strong reputation and diverse business portfolio. Learn more at: https://www.almanaholding.com.qa/

Global Economic Impact of Gambling Tax Soars

WATERFORD, Ireland, Aug. 09, 2024 (GLOBE NEWSWIRE) — The economic impact of gambling on national economies has been astronomical from 2020 -2024, according to the latest Statista research. The online gambling market alone is expected to generate an impressive US$97.70 billion by the end of 2024, with an annual growth rate of 6.46% projected to push the market volume to US$133.60 billion by 2029.

Minimum Deposit Casinos (MDC) – a division of the OneTwenty group – explored how governments were spending the gambling tax and the impact of it.

“We looked at the top 5 revenue generating countries in online gambling. It was evident that gambling tax is revolutionizing national economies, fueling vital public services, and spearheading major community and environmental projects. In fact, it has had a profound and life-changing impact globally, showcasing how crucial this revenue stream is for societal well-being and sustainable development,” said Miranda Raaff, MDC Head of iGaming Information.

Top 5 revenue-generating countries in online gambling 2024:

Top 5 revenue generating countries in online gambling 2024 - Statista

This image highlights the leading countries by revenue in online gambling for 2024, showcasing the significant contributions of gambling taxes to public services and infrastructure across various nations.

  • United States: US$14.4 billion contributed in direct gaming taxes to government in 2023. $750 million was earmarked for conservation work. The tax was also used for upland management, invasive species removal, flooding and sea-level rise resilience, and water maintenance needs.
  • UK: Betting/gaming tax was £3.4 billion in 2023/2024. A significant portion funds the National Health Service and improves healthcare facilities. Part of it used in community projects, roads infrastructure, public transport, and housing.
  • Australia: Gambling operators contributed AUS$5.8 billion to government in 2020. A big portion funded public hospitals, medical services, and mental health programs. It also supported public schools, universities, and training programs. Infrastructure like roads, public transport, and public housing also benefitted.
  • Germany – €5.2 billion was contributed in gambling tax for 2022. A huge portion funded public hospitals, medical research, and mental health services. Some used for unemployment benefits, housing assistance, and supporting low-income families. It was also utilized for infrastructure, arts/culture programs, and education.
  • Canada – Canada receives around CA$9 billion yearly in gambling tax. A huge portion goes to healthcare, social programs, public safety initiatives, environmental protection, infrastructure and more.

About MDC

MDC, a division of the OneTwenty Group, is an iGaming resource portal that reviews and recommends the most trusted and reliable online casinos globally. MDC conducts thorough vetting of casinos, focusing on security, gaming licenses, responsible gambling tools, and fair gaming practices.

Contact: miranda@onetwentygroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fce8a685-c9bc-4dee-932c-931e1a1d70e7


GlobeNewswire Distribution ID 1000985727

Bitget’s July Report Highlights Bitget Wallet Becomes the Largest Integrated Wallet in the TON Ecosystem

Bitget’s July Report Highlights Bitget Wallet Becomes the Largest Integrated Wallet in the TON EcosystemBitget's July Report Highlights Bitget Wallet Becomes the Largest Integrated Wallet in the TON EcosystemVICTORIA, Seychelles, Aug. 09, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its monthly report highlighting the ecosystem’s updates for July 2024. Bitget Wallet’s MPC wallet solution supports the TON mainnet, which allows users to easily create and import wallets via email. This positioned Bitget Wallet as the largest integrated wallet in the TON ecosystem. Not just this, Bitget Wallet surpassed popular apps like TikTok and WhatsApp in Nigeria with 200% in the month of June, positioning the wallet as the top choice for Nigeria-based crypto users.

Bitget recorded a notable start to Q3, Forbes recognized BGB in the list of best performing tokens in 2024, and CCData highlighted Bitget’s market share growth among centralized exchanges in the first half of the year. July witnessed the release of various reports and updates from Bitget, enhancing user awareness about the evolving crypto landscape. Bitget listed 33 new tokens, bringing the total count to 873. The total trading volume (TVL) reached $204.3 billion, with a 7.2% monthly growth. Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) led the top 10 cryptocurrencies by TVL, followed by PEPE, WLD, WIF, NOT, ZRO, and MEW – all memecoins.

In a strategic partnership with Upland, Bitget launched the utility token SPARKLET on Ethereum. This collaboration included establishing Bitget’s virtual headquarters in Upland’s metaverse, featuring extensive token airdrops and rewards for both communities. Bitget acquired Treasure Island, consisting of 888 properties. Additionally, Upland’s token, SPARKLET, was exclusively listed on Bitget’s launchpool, giving users a competitive advantage.

On the research side, Bitget in collaboration with Nansen, released insights on token-discovery strategies. The report provides traders with essential information and strategies for investing in early-stage projects. By evaluating data sets correlated to token prices, Bitget and Nansen offer valuable insights for traders.

The platform retained 25 million users with a daily trading volume of $10 billion. It currently hosts over 180,000 professional traders and 800,000+ copy trading followers. With over 80 million successful trades, users gained $500 million, and elite traders shared $23 million in profits. The platform offers 800+ tokens and 900+ spot trading pairs, with a daily spot trading volume of $400 million and $7 billion in USDT-M Futures.

For more information, please visit the monthly report here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/82f7da0b-7789-432b-8766-8f617dd9d580

GlobeNewswire Distribution ID 1000985715

308 days of war on the Gaza Strip.. dozens of martyrs and targeting of schools and residential areas


Israeli aircraft continued their bombing of various areas in the Gaza Strip on the 308th day of the war, leaving a large number of martyrs and wounded.

The Israeli occupation committed four massacres against families in the Gaza Strip, resulting in 22 martyrs and 77 injuries arriving at hospitals during the past 24 hours.

The death toll from the Israeli aggression has risen to 39,699 martyrs and 91,722 injuries since October 7.

Israel forced tens of thousands of citizens to flee again from the eastern villages of Khan Yunis under artillery shelling, air strikes and evacuation orders.

Martyrs and wounded were killed in the occupation’s bombing of a house in the town of Abasan, east of Khan Yunis, while the number of martyrs of the Ahmed family in Al-Qarara rose to six.

The occupation forces began an incursion into the town of Al-Qarara, coinciding with heavy artillery shelling.

The occupation army continues to destroy residential buildings in the city of Rafah, south of the Gaza Strip.

The occupation f
orces raided an evacuated building near Muawiya Mosque, west of Rafah.

Paramedics recovered the bodies of two citizens from West Rafah.

Middle of the sector

Four martyrs were killed in the targeting of a house belonging to the Matar family west of the Nuseirat camp. They are four siblings from the Matar family: Yasser, Yasmine, Ikhlas and Ahmed Akram Matar.

Two martyrs and several others were injured when a house belonging to the Al-Madfai family was targeted near Al-Sikka Street, north of Al-Maghazi camp in the central Gaza Strip.

The occupation army committed a massacre by targeting a residential area in the middle of Al-Bureij camp, which led to the martyrdom of 15 Palestinian citizens who were transferred to Al-Awda Hospital in Al-Nuseirat, along with three martyrs who were killed in a bombing of the vicinity of the electricity company.

Gaza and the North

Three martyrs and a number of wounded were killed after a house belonging to the Hawila family was targeted in Block 4 in Jabalia camp, north of
the Gaza Strip.

In a related context, the Civil Defense confirmed that the number of martyrs in Al-Zahraa and Abdul Fattah Hamoud schools had risen to 16 martyrs and 35 wounded.

Medical sources said that 11 martyrs were from the Mahani family.

Five citizens were killed in a bombing of a gathering of citizens in the Zeitoun neighborhood, south of Gaza City.

Source: Maan News Agency

Inspecting work progress on surveying & expanding Al Maghribah Road in Al Khabt District in Al Mahwit

The Undersecretary of Al Mahwit Province, Yahya Al Dhaheri, and the representative of the Central Emergency Development Interventions Unit in the province, Engineer Mukhtar Al Turki, inspected the on Friday work progress on Al Maghriba Road project in Al Khabt District, which is being implemented through a community initiative and with the support of the Central Emergency Interventions Unit at Finance Ministry.

Al Dhaheri and Al Turki were briefed on the survey and expansion work of the road that serves more than 10,000 people, the construction of a protective wall on both sides of the road, concrete paving for some paths, and a flood channel.

They praised the efforts made by the people of the directorate in implementing community initiatives to alleviate the suffering of citizens, especially in the field of roads.. pointing out that these initiatives are among the priorities of the governorate’s plans and programs aimed at moving the wheel of development and providing services to citizens.

They stressed t
he importance of strengthening the partnership between the local authority and the community in the field of development by expanding the implementation community initiative projects in various fields.

Source : Yemen News Agency

Nine marches in Dhamar in solidarity with Palestinians & to confirm jihad battle continuation

Dhamar Province witnessed nine mass marches denouncing the ongoing Zionist massacres in Gaza Strip and affirming the jihad battle continuation and supporting the Palestinian people in Gaza Strip until victory.

In the march in Dhamar City, which was attended by Dhamar Governor Mohammed Nasser Al-Bukhaiti, members of the Parliament and Shura Council, the province’s representatives, local, executive, academic, military, security, academic and judicial leaders, the participants chanted slogans denouncing the ongoing Zionist massacres in Gaza Strip , the international and regional position towards them.

Statements issued by the marches in the directorates of “Al-Hada, Jabal Al-Sharq, Dhauran Anas, Al-Manar, Atmah, Wusab Al-Ali, Al-Ahad, and Al-Mashrafah, Wusab Al-Safil Directorate” confirmed loyalty, steadfastness, and support for the Palestinian resistance, primarily the Islamic Resistance Movement “Hamas” and its leader, the Mujahid Yahya Al-Sinwar, who was chosen to succeed the martyr Ismail Haniyeh to comple
te the march and jihad against the Israeli enemy.

The statements denounced the shameful silence of the Arab rulers and their failure to support their people and their persistence in supporting and defending the Zionist enemy.

The statements saluted the heroes of the Yemeni armed forces who are proceeding in the battle of “the promised conquest and the holy jihad” with steady and escalating steps that have overcome difficulties and obstacles under the the revolution leader’s leadership , Sayyed Abdul-Malik Badr Al-Din Al-Houthi.

The statements reiterated the continuation of jihad in the way of Allah to support the Palestinian people, through mobilization, rallying, donating money, holding events activities, and economic boycotting of the enemies.

The statements addressed the Zionist enemy, saying: “Your demise is an inevitable divine promise in the Book of Allah, your support and assistance from America, the infidel West, and the normalizers will not save you from this fate, and the response is inevitable
and you must worry and taste the bitterness of waiting for punishment in the coming nights and days.”

The statements denounced the shameful and disgraceful positions of the normalizing Arab and Islamic regimes that have made themselves a barricade to defend the Israeli enemy, and have made their media a front to support it, speaking on its behalf and stabbing the Palestinian resistance and those who stand with it in the back.

Source : Yemen News Agency

Massive marches & protests to confirm continued support for Gaza in Al Bayda

Al Bayda Province directorates witnessed massive marches and stands in supporting the Palestinian cause and denouncing the massacres of the Zionist enemy under the slogan “A battle of jihad.. and one axis.. with Gaza until victory.”

Participants in the marches and stands presented by local , executive leaderships and mobilization officials chanted slogans denouncing the massacres continuation and genocide against the people of Gaza and the crimes of assassinating resistance leaders.

A statement issued by the marches and sit-ins stressed the steadfastness and support for the Palestinian resistance, primarily Hamas and its leader, the Mujahid Yahya Sinwar, congratulating the movement and the Palestinians on choosing Sinwar as a successor to the Mujahid Ismail Haniyeh to complete the jihad against the Zionist enemy.

It condemned the shameful position of the traitorous and normalizing Arab and Muslim rulers, whose peoples had hoped that they would carry out their responsibility in defending the Palestinian peo
ple, and that you would have a position towards the crimes and genocide that are happening in Gaza, and their greatest wish today is not to get involved in protecting the Zionist enemy.

The statement saluted the Yemeni armed forces that are proceeding with steady and escalating steps in the battle of the promised conquest and the holy jihad under the leadership of Sayyed Abdul-Malik Badr al-Din al-Houthi.

It stressed the continuation of the jihad in support of the Palestinian people through mobilization, rallying, donating money and economic boycott of the enemies until victory is achieved.

He stressed that the demise of the Zionist enemy is inevitable in the Book of God and that American support and the normalizers will not protect it from this fate, and that the response is coming and will inevitably come to the Israeli enemy crimes, it must worry and taste the bitterness of waiting for punishment in the coming nights and days.

The statement condemned the shameful and disgraceful positions of the normal
izing Arab regimes that have turned their lands into barricades for the Zionist enemy, and their media outlets into mouthpieces and a support front for the usurping Zionist entity, speaking on its behalf , stabbing the Palestinian resistance and those who stand with it in the back.

Source : Yemen News Agency