Day: December 20, 2021

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Gunmen shut four Libya oil fields: NOC

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Al-Araby

Gunmen linked to Libya’s oil facilities guard force have shut down four key fields in a major blow to production, the National Oil Corporation said Monday. The NOC reported that output was slashed by “more than 300,000 barrels per day (bpd) due to individuals from the Petroleum Facilities Guard” shutting the Sharara, al-Fil, al-Wafa and al-Hamada fields. A spokesperson for the guards said the closure was because of a pay dispute. “Meeting our engagements towards refineries is therefore impossible and we are obliged to declare force majeure,” NOC chief Mustafa Sanalla said in the statement. Dec… Continue reading “Gunmen shut four Libya oil fields: NOC”

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Libya candidates say election delay is inevitable

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Al-Araby

A group of candidates in war-torn Libya’s presidential election said Monday that they expect the polls to be delayed, despite the lack of an official announcement to that effect. Scheduled for Friday, the vote is meant to cap a United Nations-led peace process after a decade of conflict. But it has been beset by deep divisions over its legal basis, who may stand and court challenges against prominent candidates. On Monday, 17 hopefuls issued a joint statement in which they implicitly acknowledged that a delay was inevitable. The group urged the electoral commission to “reveal the reasons why t… Continue reading “Libya candidates say election delay is inevitable”

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ISW Holdings Inc. (ISWH) Reports Record Revenue, Forecasts $7M Per Month

NEW YORK, Dec. 20, 2021 (GLOBE NEWSWIRE) — via InvestorWire — ISW Holdings Inc. (OTC: ISWH) today announces its placement in an editorial published by NetworkNewsWire (“NNW”), one of 50+ trusted brands within the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.

To view the full publication and forward-looking statements, please visit: https://nnw.fm/YrdIL

Developments are translating to revenue and cash flow, resources that will underscore growth in 2022 and beyond with Pod City and other hosting and mining operations. During Q3, ISW Holdings Inc. (OTC: ISWH) reported revenue from operations of $1.075 million (including deferred revenues), up 2,435% on a year-over-year basis. That didn’t include a full three months of 550 new miners acquired from Minerset, 150 of which came as a result of ISWH meeting stock performance milestones. Total assets during Q3 increased 5,263% year to date to $9.56 million, while total liabilities decreased 73%, and total derivative liabilities decreased 98% to under $340,000. …

Looking ahead, revenue at Pod City will be comprised of hosting service fees, which aren’t contingent upon cryptocurrency pricing. Once running at full capacity, the company estimates annual revenue in excess of $7 million per month, a tremendous improvement compared to current capacity with the benefit of being recurring under service contracts.

About ISW Holdings

ISW Holdings, based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. The company’s expertise lies in strategic brand development, early growth facilitation, as well as brand identity through its proprietary procurement process. Together, with its partners, ISW Holdings seeks to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. The company is able to meet these needs through a variety of strategic innovative processes. ISWH is creating and managing brands across a spectrum of disruptive industries. It maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration, and distribution efficiency. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and the partnership has a vitally needed patent now pending.

For more information about the company, visit www.ISWHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to ISWH are available in the company’s newsroom at http://ibn.fm/ISWH.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness.

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POWERCHINA actively contributes to the development and welfare of local communities in central and western Africa

BEIJING, Dec. 20, 2021 /PRNewswire/ — This is reported by China Report ASEAN affiliated to China Report:

“Building quality projects and making friends from all over the world” has been the goal and commitment of POWERCHINA, the world’s largest builder of power facilities, in its overseas operations. The company is actively involved in the construction of the Belt and Road projects and has expanded its construction business to African countries. Apart from improving waterways, supplying electricity, and building roads and bridges, the firm has been fulfilling its social responsibility to local communities in the overseas markets.

POWERCHINA has been contributing to the local realization of the UN development goals by driving employment through new hydropower infrastructure, developing skills of local people through trainings, providing assistance in education and care of orphans, building hospitals and donating medicines. Its efforts to spread love and hope in Africa have helped it establish sincere friendship with local governments and people.

Nurturing local talents

The Djibloho Hydropower Plant, which is hailed by the government of Equatorial Guinea as the “Three Gorges Project of Equatorial Guinea,” meets 90 percent of the country’s demand for electricity and is an important engine for its economic development. POWERCHINA trained local employees and helped them learn skills. A two-month Chinese training session free of charge was also provided by the company to facilitate communication between local operators and Chinese engineers, and help local employees better operate the equipment of the plant.

POWERCHINA staff members take a group photo with teachers and students of a middle school during a volunteer activity in Abuja, Nigeria

Care for children

In Cameroon, POWERCHINA’s office has a heart-warming tradition. Around Christmas and New Year’s Day each year, the office would cooperate with member companies of the group to hold voluntary activities in schools and orphanages in the areas along the roads it is building. They would repair classrooms and donate stationery for the children, and sing and dance with them to celebrate the New Year.

According to Ngangoua Serge, POWERCHINA’s representative in Cameroon, the company cares about the disadvantaged groups in Cameroon. Since it began operating in the country in 2010, the company has held similar donation activities every year, in a bid to bring love and happiness to children in need.

Medical support

The company has also helped improve local medical conditions in places where its projects are located by building hospitals and donating medicines and facilities.

New Niefang Hospital, a landmark Chinese Government aid project in the country to be completed by POWERCHINA by 2022, will strengthen the medical system in central Equatorial Guinea and will provide quality medical services to residents in and around the city of Niefang.

In Cameroon, the company donated medicines and medical equipment to a public health center near the site of a dam to be built by it. The urgently needed medicines and medical equipment greatly strengthened the center’s confidence in fighting infectious diseases and saving lives.

On January 29, 2019, the company’s Equatorial Guinea office assisted the Chinese Embassy and the Chinese medical team in the country to carry out a free clinic at the company’s camp for Djibloho Hydropower Plant. The free clinic held with the assistance of POWERCHINA is a testament to the friendship between the two countries and a manifestation of the active fulfillment of social responsibilities by Chinese companies in Equatorial Guinea.

Photo – https://mma.prnewswire.com/media/1711497/release.jpg

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BNY Mellon expands collaboration with SNB Capital to launch transformative data management solution in Saudi Arabia

Deepening alliance brings together BNY Mellon’s leading edge data management expertise and securities servicing capabilities with SNB Capital’s local expertise and infrastructure to power innovative solutions

KINGDOM OF SAUDI ARABIA, Dec. 20, 2021 /PRNewswire/ — BNY Mellon and SNB Capital are pleased to announce a transformative data management solutions collaboration in the Kingdom of Saudi Arabia (“KSA” or “the Kingdom”) to help build a robust, market-leading and inclusive capital markets ecosystem.

Building on the earlier strategic alliance to deliver securities services capabilities, SNB Capital will deploy BNY Mellon’s data platform within its IT infrastructure in the Kingdom. The award-winning BNY Mellon data platform enables organizations to transform their data landscapes by centralizing and effectively managing complex investment assets. Capabilities include providing user-centric solutions designed to deliver accurate and timely data, gauge risk exposure and provide system-wide security via a centralized data repository.

The solution is one of the first of its kind to provide services within SNB Capital’s IT infrastructure designed in accordance with the Kingdom’s data-localization requirements, adding a unique value proposition. This latest collaboration is a significant development for Saudi Arabia’s financial sector and is set to deliver institutional clients of SNB Capital a single, unified solution for local and global assets.

Akash Shah, Chief Growth Officer of BNY Mellon, said, “As capital markets shift towards a digital future, we are delighted to further our alliance with SNB Capital by providing a future-ready data analytics solution to help build the leading global capital markets infrastructure in the Kingdom and drive growth. Our collaboration combines the strengths of leading institutions to support the demands of Saudi Arabia’s growing financial sector and vision of a sustainable diversified economic ecosystem. At BNY Mellon, our mission is to empower our clients, institutions and leaders to succeed across the financial world, and we are proud to build on our legacy of trust and innovation in the region.”

Rashed Sharif, CEO of SNB Capital, added, “Our leading role in growing and developing the Kingdom’s capital markets and the financial sector in line with Vision 2030 is highly dependent on having the right technology, capabilities and partners. This deployment reinforces our top market position when it comes to serving the complex data management and reporting needs of institutions and large asset owners in the Kingdom. The strength of our partnership with BNY Mellon will be a driver for continued growth in our Custody and Asset Servicing business.”

BNY Mellon’s state-of-the-art data management platform, which aims to accelerate the optimization of typically manual investment workflows, will offer SNB Capital’s clients in the Kingdom significant opportunities to improve their performance through enhanced data flows. This open-architecture software will connect all market participants and enable collaboration with leading technology providing clients the tools for using data in the front, middle and back offices.

The collaboration builds on BNY Mellon’s activity in the region, including the previous announcement of a strategic alliance with SNB Capital, the Kingdom of Saudi Arabia’s largest custodian. This marked a key milestone in the Kingdom’s capital markets infrastructure and Saudi Vision 2030, which includes creating a diversified financial services sector to support the development of the national economy.

As the market continues to evolve, supported by the National Investment Strategy, SNB Capital and BNY Mellon are committed to the long-term goals of attracting global investors, whilst developing world leading market infrastructure, cybersecurity and data resiliency solutions.

ABOUT BNY MELLON
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.  Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Sept. 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management.  BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available on www.bnymellon.com.  Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

ABOUT SNB CAPITAL
SNB Capital is the securities, asset management and investment banking arm of Saudi National Bank (Tadawul: 1180), the Kingdom of Saudi Arabia’s largest commercial bank. SNB Capital provides Securities, Wealth & Asset Management and Investment Banking services to: (i) local retail, affluent and High Net Worth clients, as well as (ii) local, regional and international institutional clients. SNB Capital’s market leadership is evidenced by its position as: Saudi Arabia’s largest custodian settling 22% of trades on Tadawul in Q4 2020, the Kingdom’s largest asset manager with $57 billion in assets under management as of June 2021, one of the sector’s leading investment banks, and a consistently top ranked broker on Tadawul. SNB Capital is licensed and authorized by the Capital Market Authority to provide the following services: Dealing as Principal and Agent, Custody, Underwriting, Managing, Arranging and Advising with respect to securities. Additional information is available on www.alahlicapital.com. Follow us on Twitter @AlAhliCapital.

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‫”بي إن واي ميلون” توسّع نطاق تعاونها مع “الأهلي كابيتال” لإطلاق حل إدارة البيانات التحويلية في المملكة

خطوة التعاون الجديدة تجمع بين خبرة إدارة البيانات الرائدة وقدرات خدمات الأوراق المالية التي تمتلكها “بي إن واي ميلون” مع الخبرة المحلية والبنية التحتية لـ “الأهلي كابيتال” للاستفادة من قوة الحلول المبتكرة

المملكة العربية السعودية, 20 ديسمبر 2021 /PRNewswire/ — أعلنت “بي إن واي ميلون” BNY Mellon و “الأهلي كابيتال” SNB Capital عن التوصل إلى علاقة تعاون في مجال حلول إدارة البيانات التحويلية في المملكة، بما يؤدي إلى بناء منظومة قوية ورائدة وشاملة لأسواق رأس المال.

وعن طريق الاستفادة من التحالف الاستراتيجي الذي تم التوصل إليه في وقت سابق لتقديم إمكانات خدمات الأوراق المالية، ستقوم “الأهلي كابيتال” بنشر منصة بيانات “بي إن واي ميلون” بالاقتران مع بنيتها التحتية لتكنولوجيا المعلومات في المملكة. وتتيح منصة بيانات “بي إن واي ميلون” التي تحمل العديد من الجوائز المؤسسية تحويل مشهد بياناتها من خلال اعتمادها نهج مركزية الأصول الاستثمارية المعقدة، والعمل على إدارتها بفعالية. وتشمل قائمة قدراتها توفير حلول يكون المستخدم محورها، وتصميمها من أجل تقديم بيانات دقيقة وآنيّة، وقياس مدى التعرض للمخاطر، وتوفير الأمان على مستوى النظام عبر مستودع بيانات مركزي.

ويعتبر الحل الأول من نوعه، حيث يتم تقديم الخدمات ضمن البنية التحتية لتكنولوجيا المعلومات التابعة لـ “الأهلي كابيتال”، وتكون مصممة وفق متطلبات توطين البيانات في المملكة، وهو جانب يضيف عرضاً فريداً للقيمة. ويمثل التعاون الأخير تطوراً مهماً للقطاع المالي في المملكة، وسيقدم للعملاء المؤسسيين لـ “الأهلي كابيتال” حلاً واحداً وموحداً للأصول المحلية والعالمية.

وقال أكاش شاه، مدير النمو الأعلى في “بي أن واي ميلون”: “في ظل التحول الذي تشهده أسواق رأس المال نحو المستقبل الرقمي، يسعدنا تعزيز تحالفنا مع “الأهلي كابيتال” لتوفير حل مثالي لتحليل البيانات يكون جاهزاً للمستقبل، وللمساعدة في بناء بنية تحتية رائدة لأسواق رأس المال العالمية في المملكة، والإسهام في دفع عجلة النمو. إن تعاوننا يستند إلى نقاط القوة المتوافرة لدى المؤسسات الرائدة لدعم متطلبات القطاع المالي المتنامي في المملكة، ورؤية تأسيس نظام بيئي اقتصادي متنوع ومستدام. وتتمثل مهمتنا في “بي أن واي ميلون” في تمكين عملائنا ومؤسساتنا وقادتنا لتحقيق النجاح المنشود في شتى أرجاء العالم المالي، ونفخر بمواصلة البناء على إرثنا القائم على الثقة والابتكار في المنطقة”.

وأضاف راشد شريف، الرئيس التنفيذي لشركة “الأهلي كابيتال”: “إن قدرتنا على دعم نمو وتطوير أسواق رأس المال تعتمد بشكل كبير على امتلاك التكنولوجيا والقدرات والتوصل إلى علاقات مع الشركاء المناسبين. ومن شأن نشر هذا الحل أن يعزز مكانتنا الرائدة في السوق، خاصة في مجال خدمة إدارة البيانات المعقدة واحتياجات إعداد التقارير للمؤسسات وأصحاب الأصول الكبار في المملكة. وبما أننا قادرون على تنفيذ هذه المهام بكفاءة عالية لعملائنا، يمثل ذلك شهادة على قوة علاقتنا مع “بي أن واي ميلون”، ومحركاً للنمو المستمر في أعمال الحفظ وخدمة الأصول”.

وستعمل منصة “بي إن واي ميلون”الحديثة لإدارة البيانات الهادفة إلى تسريع تحسين آليات تدفق العمليات الاستثمارية اليدوية النموذجية، على دعم عملاء “الأهلي كابيتال” في المملكة من خلال تزويدهم بفرص كبيرة لتحسين أدائهم بالاعتماد على تدفقات البيانات المحسنة. وبما أنها تعدّ برنامجاً للبنية المفتوحة، فستعمل على ربط جميع المشاركين في السوق، وتمكين التعاون مع التكنولوجيا الرائدة التي توفر للعملاء الأدوات اللازمة لاستخدام البيانات في المكاتب الأمامية والمتوسطة والخلفية.

ويسهم هذا التعاون في دعم نشاط “بي إن واي ميلون” في المنطقة، بما في ذلك الإعلان الأخير عن التحالف الاستراتيجي مع “الأهلي كابيتال”، أكبر أمين حفظ في المملكة. ويمثل هذا التحالف محطة مهمة في البنية التحتية لأسواق رأس المال في المملكة ورؤية 2030، والتي تشمل ضمن محاورها إنشاء قطاع خدمات مالية متنوع لدعم تنمية الاقتصاد الوطني.

ومع مواصلة تطور السوق الذي يحظى بالدعم من استراتيجية الاستثمار الوطنية، تلتزم كل من “الأهلي كابيتال” و “بي إن واي ميلون” بالأهداف طويلة المدى المتمثلة في جذب المستثمرين العالميين، إلى جانب تطوير البنية التحتية الرائدة للسوق العالمية وحلول الأمن السيبراني ومرونة البيانات.

تعتبر “بي إن واي ميلون” شركة استثمارات عالمية تركز على مساعدة عملائها في إدارة وخدمة أصولهم المالية طوال الدورة الاستثمارية. ومن خلال خدماتها المالية للمؤسسات والشركات والمستثمرين من الأفراد، تقدم هذه الشركة خدمات الاستثمار وإدارة الثروات بناءً على أسس راسخة في 35 دولة. وحتى ديسمبر 2021، كانت الشركة تتعامل مع 45 تريليون دولار من الأصول تحت الحفظ و/ أو الإدارة، و 2.3 تريليون دولار من الأصول الخاضعة للإدارة. وتعمل الشركة كنقطة اتصال واحدة للعملاء ممن يتطلعون إلى إنشاء وتداول وحفظ وإدارة وخدمة وتوزيع وإعادة هيكلة الاستثمارات. وتعد أيضاً علامة تجارية تابعة لشركة “بنك أوف نيويورك ميلون كوربوريشن” التي تحمل الرمز (BK) في بورصة نيويورك. وللمزيد من المعلومات، يمكن زيارة موقعها: www.bnymellon.com، كما يمكن متابعة صفحتها على “تويتر” (@BNYMellon)، أو زيارة غرفة الأخبار www.bnymellon.com/newsroom لمعرفة آخر أخبارها ومستجداتها.

نبذة عن الأهلي كابيتال
تعتبر الأهلي كابيتال ذراع إدارة الأصول والخدمات المصرفية الاستثمارية للبنك الأهلي التجاري (تداول: 1180)، أكبر بنك تجاري في المملكة العربية السعودية. وتقدم الشركة خدمات الأوراق المالية وإدارة الثروات والأصول والخدمات المصرفية الاستثمارية إلى ()1 عملاء التجزئة المحليين وأصحاب الثروات وذوي الدخل المرتفع، (2) العملاء من المؤسسات المحلية والإقليمية والدولية. وتتمتع الأهلي كابيتال بمكانة رائدة في السوق، كأكبر أمين حفظ في المملكة العربية السعودية، وقامت بتسوية ما يزيد على 22% من التداولات في “تداول” في الربع الأخير من العام 2020، كما أنها أكبر مدير للأصول في المملكة بقيمة 57 مليار ريال سعودي من الأصول الخاضعة للإدارة حتى يوليو 2020، وهي أيضاً إحدى الشركات الرائدة في قطاع البنوك الاستثمارية، وتحتل مكانة مرموقة بين الوسطاء باستمرار في تداول. وتحمل الأهلي كابيتال ترخيصاً من قبل هيئة السوق المالية لتقديم طيف واسع من الخدمات، بما في ذلك: التعامل بصفة مدير ووكيل، وأنشطة الحفظ والاكتتاب والإدارة، والترتيب والاستشارات في مجالات الأوراق المالية. ويمكن الحصول على المزيد من المعلومات حول هذه الشركة من خلال موقعها الإكتروني: www.alahlicapital.com، كما يمكن متابعة صفحتها على تويتر (@AlAhliCapital).