Day: June 5, 2024

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Global Fishing Watch and Gulf of Guinea Regional Fisheries Commission forge partnership in fight against illegal fishing

The two organizations will leverage ‘cutting-edge technology’ to accelerate ocean sustainability efforts in Central Africa

LIBREVILLE, Gabon, June 05, 2024 (GLOBE NEWSWIRE) — Global Fishing Watch, an international nonprofit organization dedicated to advancing ocean governance, and the Gulf of Guinea Regional Fisheries Commission (COREP), an intergovernmental body comprising 11 African nations, today launched a new strategic partnership aimed at addressing urgent maritime challenges in the Gulf of Guinea, including that of illegal, unreported and unregulated (IUU) fishing.

The landmark partnership, inaugurated amid the global observance of the International Day for the Fight against Illegal, Unreported and Unregulated Fishing, is a direct response to the devastating scale of IUU fishing activities and the illegal trade of marine resources in the Gulf of Guinea. Representatives of Global Fishing Watch and COREP endorsed the partnership with a memorandum of understanding outlining the two organizations’ firm commitment to information sharing, tactical coordination and vessel transparency in fisheries management approaches.

“We are delighted to be working alongside the Gulf of Guinea Regional Fisheries Commission and honored by their request to lead this key collaboration,” said Tony Long, chief executive officer of Global Fishing Watch. “This partnership marks a pivotal advancement in shared endeavors to counter illegal fishing in the region and recognizes the need for coordinated action to promote sustainable fisheries management.”

“Together, Global Fishing Watch and COREP can harness the power of data and cutting-edge technology to promote transparency across the fisheries sector and secure the lasting changes needed to fortify sustainable management of our marine resources,” Mr. Long added.

The Gulf of Guinea extends over 5,700 km of coastline and has long been considered one of the most biodiverse marine environments in the world. Its waters are an important economic engine for the region, supporting livelihoods and providing a key source of food for its coastal States.

However, the Gulf has also long been subject to IUU fishing with damages estimated at an annual economic loss of over USD $2 billion. The region relies on cooperation and collaboration between States to effectively manage marine resources and to combat IUU fishing. COREP, a specialized institution of the Economic Community of Central African States (ECCAS) comprising the nations of Angola, Burundi, Cameroon, the Central African Republic, Congo, the Democratic Republic of the Congo, Gabon, Equatorial Guinea, Sao Tome and Principe, Rwanda, and Chad, ensures that Member States protect and develop fisheries in a sustainable manner.

“This partnership with Global Fishing Watch represents a significant step forward in our efforts to combat IUU fishing in the Gulf of Guinea region,” said Emmanuel Sabuni Kasereka, COREP’s ad interim executive secretary. “By maximizing technologies and shared data, we aim to improve transparency and contribute to better maritime governance, including strengthening fisheries management for the benefit of our Member States.”

According to COREP and Global Fishing Watch, the new partnership will provide a critical boost to existing efforts in marine resource management and the fight against IUU fishing by jointly committing to transparency through the exchange of data; improved monitoring of vessel behavior and the risk of IUU activity; and collaborative work on policies and regulations relating to the fight against IUU fishing and sustainable fisheries management.

Global Fishing Watch will also provide COREP with analytical support for vessel monitoring efforts, training on the use of Global Fishing Watch tools to enable more robust marine management, and technical assistance in reviewing and revising IUU fishing policies and regulations.

The agreement between COREP and Global Fishing Watch follows the recent signing of another partnership between the international nonprofit and the West African Sub-Regional Fisheries Commission (SRFC) in which the two entities similarly committed to leveraging open data to combat IUU fishing and advancing key policy reforms around vessel tracking methods and data sharing practices in the region.

The partnerships with COREP and SRFC represent a new wave of transparency in ocean governance and fisheries management as Global Fishing Watch continues to unlock previously closed datasets and apply cutting-edge technology to strengthen management and monitoring, control and enforcement efforts of marine environments.

About Global Fishing Watch:

Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea. By creating and publicly sharing map visualizations, data and analysis tools, we aim to enable scientific research and transform the way our ocean is managed. We believe human activity at sea should be public knowledge in order to safeguard the global ocean for the common good of all.

About the Gulf of Guinea Regional Fisheries Commission:

COREP is a specialised institution of the Economic Community of Central African States (ECCAS) whose mandate covers maritime fisheries, inland fisheries and aquaculture. COREP’s mission is to assist its Member States in protecting and developing fisheries resources in a sustainable manner and to promote the development of aquaculture in order to maximise the potential of aquatic environments and guarantee the well-being of the greatest number of inhabitants.

Attachments

Andrew Zaganelli Giacalone
Global Fishing Watch
+49 1626570109
andrew.giacalone@globalfishingwatch.org

GlobeNewswire Distribution ID 9149093

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Surge in Foreign Interest in Chinese Investments: EBC Financial Group (UK) Ltd CEO David Barrett Shares Insights with Yi Cai

David Barrett, CEO of EBC Financial Group (UK) Ltd, as one of the speakers on Yi Cai’s Chief Strategy Forum on Chinese investment opportunities
David Barrett, CEO of EBC Financial Group (UK) Ltd, shares insights with Yi Cai on the surge in foreign interest in Chinese investments. He explores the factors driving major investors to Chinese markets and offers his outlook on their future growth.

LONDON, June 05, 2024 (GLOBE NEWSWIRE) — David Barrett, CEO of EBC Financial Group (UK) Ltd, recently shared his insights on the burgeoning interest in Chinese investments during an in-depth interview with Yi Cai. Barrett explored the factors driving major investors toward Chinese markets and offered his outlook on the future of these investments.

David Barrett, CEO of EBC Financial Group (UK) Ltd, as one of the speakers on Yi Cai's Chief Strategy Forum on Chinese investment opportunities

Surge in Foreign Interest

In recent months, there has been a notable increase in foreign interest in Chinese stocks, driven by high-profile investors. Michael Burry, well-known for his predictions during ‘The Big Short,’ has significantly raised his investments in JD.com and Alibaba. Similarly, David Tepper’s hedge fund has heavily invested in technology and Chinese markets. This growing interest is reflected in the performance of the Nasdaq Golden Dragon China Index, which surged by 14.86% from April 22 to May 3, achieving its largest two-week gain since January 2023. On May 16, the Index closed up by 2.49%, marking its highest level since September 2023.

Barrett attributes this renewed interest to the relative value Chinese markets offer. “Chinese indexes have struggled since the property-led bust in 2021, causing a significant dip in foreign direct investment and domestic confidence. However, this has led to extreme pricing discrepancies, making Chinese stocks an attractive option for value-focused investors,” Barrett explained. “Investors like Burry and Tepper are known for their strategic focus on high-concentration portfolios, and their significant investments in Chinese companies signal strong confidence in the potential upside of these markets.”

Future Prospects of Chinese Investments

Looking ahead, Barrett remains optimistic about the continued growth of Chinese markets. “There are several indicators suggesting that the Chinese government is taking effective measures to stimulate economic growth and restore market confidence,” Barrett noted. “Efforts to support vulnerable areas of the economy, encourage domestic investments, and stabilize the financial landscape are beginning to show positive results.”

He emphasized the crucial role of domestic policy in sustaining this growth. “Policies aimed at reducing property-related risks, supporting the semiconductor industry, and encouraging state-owned enterprises to strengthen their financial positions are essential. Additionally, initiatives to increase dividend payouts among Chinese companies are likely to attract more foreign investors seeking yield in a higher interest rate environment.”

Promising Sectors and Global Asset Allocation

Barrett highlighted the technology sector as a key area for investment within the A-share and Hong Kong stock markets. “Chinese tech companies are at the forefront of innovation, and with substantial government backing, they are well-positioned to navigate global challenges,” Barrett asserted. “For instance, if China faces headwinds in purchasing semiconductors, they have the capability to develop their own. Given the impressive profit margins seen in companies like NVIDIA, there is a strong incentive for Chinese firms to produce competitive, lower-cost chips. With significant government support and investment, the resilience and growth potential in this sector are considerable.”

He also identified the electric vehicle (EV) industry as a promising sector. “EVs as a topic has been grabbing a lot of column inches of late,” Barrett observed. “However, it’s uncertain how well Western brands will perform in mainland China, and vice versa, how Chinese brands will fare in the global market. Despite these challenges, Chinese tech remains on the cutting edge, and any progress, especially amid geopolitical tensions, will likely bolster domestic investment. This increased focus on local innovation and development will enhance the industry’s growth prospects.”

From a global perspective, Barrett advises a diversified asset allocation strategy, cautioning against overreliance on US stocks. “While US markets have experienced substantial growth, it is crucial to consider opportunities elsewhere, such as in China, where valuations are compelling,” he explained. “Given the recent run-up in US stocks, there is a need to be cautious and diversify. Commodities like gold remain attractive as a store of value and a hedge against economic and geopolitical uncertainties. As central banks continue to manage liquidity and interest rates, maintaining a balanced portfolio that includes undervalued international assets and tangible commodities could provide stability and growth potential.”

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. With offices strategically located in prominent financial centres, such as London, Sydney, Hong Kong, Tokyo, Singapore, the Cayman Islands, Bangkok, Limassol, and more, EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the highest levels of ethical standards and international regulation. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Australia) Pty Ltd is regulated by Australia’s Securities and Investments Commission (ASIC), and EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

https://www.ebc.com/

Media Contact:
Douglas Chew
Global Public Relations Manager
douglas.chew@ebc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3aa64669-3156-4706-9f8f-ec183555c184

GlobeNewswire Distribution ID 9149086

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Orange Middle East and Africa strengthens its social and environmental commitment by involving its employees through the Engage for Change program

CASABLANCA, MOROCCO – EQS Newswire – 5 June 2024 – For several years now, Orange Middle East and Africa (OMEA) (www.Orange.com) has been taking concrete action to reduce its environmental impact. Today, it is employees who are taking over by getting directly involved in various ecological initiatives on International Environment Day, as part of the new Orange Engage for Change program.

OMEA and its employees are reaffirming their ongoing commitment to corporate social responsibility (CSR) by launching the Orange Engage for Change platform. This initiative aims to have a positive impact on society and the environment, while strengthening team cohesion.

A collective commitment for a lasting impact

Climatic events, societal upheavals and changing work patterns have created a pressing need for reference points and meaning among citizens, and our employees are no exception. We firmly believe that employee engagement is an essential key to meeting these challenges. The Orange Engage for Change program enables each employee to devote three working days a year to projects with a societal impact.

A platform to mobilize and inspire

Orange Engage for Change is a web platform that provides a space for discovering, sharing and getting involved in societal projects. It is accessible to all Orange Group employees to volunteer, and to the general public for a better understanding of our commitments. This multi-country initiative draws on the programs of the Orange Foundation and the Orange Digital Centers network, offering a structured framework, a solid infrastructure and varied opportunities to support and develop volunteer actions with our committed employees.

Concrete actions for real impact

The platform offers environmental and social initiatives, solidly backed by the active commitment of our employees. Throughout the day on June 5, a number of local initiatives are being organized across our region to demonstrate the concrete impact of this platform. In Mali, for example, a team of 200 Orange employee volunteers is taking part in the reforestation of an urban park dedicated to children by planting 1,000 trees, while in Côte d’Ivoire, 43 kilometers from Abidjan, 30 hectares in the Azaguié forest will be reforested thanks to 150 employees. These examples symbolize Orange’s commitment to supporting local projects that strengthen social ties and protect the environment.

Jérôme Hénique, CEO of Orange Middle East and Africa: “The launch of Orange Engage for Change symbolizes our deep commitment to corporate social responsibility. By empowering our employees to get directly involved in positive impact projects, we are contributing to the sustainable development of communities in the countries where we operate.”

Asma Ennaifer, Executive Director of CSR and Communications at Orange Middle East and Africa and Secretary General of the Orange Digital Center Foundation adds: “This platform is a powerful tool for uniting our teams around shared values. Every initiative, every action taken by our employees demonstrates our collective ability to bring about significant change. We’re proud to see this commitment come to fruition and to witness the positive impact it generates.”

With Orange Engage for Change, Orange gets closer to people by investing in and actively supporting local initiatives in favor of inclusion and the environment.

To find out more about the Orange Engage for Change platform and the social projects deployed by the Orange Group, log on to EngageForChange.Orange.com. Discover the testimonials of beneficiaries and employee volunteers, and join us in this social adventure.

Download image: https://apo-opa.co/4c2Ks74

About Orange Middle-East and Africa (OMEA):

Orange is present in 18 countries in Africa and the Middle East and has 149 million customers at 31 December 2023. With 7.1 billion euros of revenues in 2023, Orange MEA is the first growth area in the Orange group. Orange Money, its flagship mobile-based money transfer and financial services offer is available in 17 countries and has more than 90 million customers. Orange, multi-services operator, key partner of the digital transformation provides its expertise to support the development of new digital services in Africa and the Middle East.

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‫«التعمير العربية» تتعاقد مع Swiss-Belhotel International ذات العلامة التجارية العالمية لتنفيذ المرحلة الثالثة لمشروع «Swiss-Belresidences Rivan» بمنطقة R7

المهندس مرزوق منصور رئيس مجلس إدارة شركة التعمير العربية:

  • مشروعاتنا السكنية تساهم في وضع مصر على الخريطة السياحية العالمية

المهندس سالم السديس:

  • الإصلاحات والحوافز التي قامت بها الحكومة المصرية تشجعنا على مزيد من الاستثمارات
  • نعتمد على أفضل الاستشاريين حول العالم لضمان أعلى معايير الجودة والتصاميم في مشاريعنا

القاهرة في 5 يونيو 2024:
وقعت شركة «التعمير العربية» الرائدة عالميا في مجال التطوير العقاري عقد شراكة مع مجموعة

«Swiss-Belhotel International» العلامة التجارية العالمية الرائدة في إدارة المجتمعات الفندقية، للإشراف على تنفيذ وتصميم مشروع <<Swiss-Belresidences Rivan>> الفندقي الفاخر في العاصمة الإدارية الجديدة.

تم توقيع عقد الشراكة بحضور كلا من المهندس مرزوق منصور رئيس مجلس إدارة شركة التعمير العربية، والمهندس سالم السديس الشريك السعودي بالشركة والسيد Laurent ” vice president-EMEA”، الرئيس التنفيذي لشركة « <<Swiss-Belhotel Internationalبالشرق الأوسط والقارة الإفريقية، حيث تعتمد شركة التعمير العربية على أفضل الاستشاريين حول العالم لضمان أعلى معايير الجودة والتصميم في مشروعاتها، في إطار استراتيجية الشركة التي تستهدف وضع مشروع <<Swiss-Belresidences Rivan>> على خارطة المشروعات العقارية العالمية ذات الصبغة الفندقية في التصميمات المبتكرة، مما يساهم في جذب المزيد من الاستثمارات الأجنبية إلى مصر وتوفير المزيد من فرص العمل.

يُعد مشروع <<Swiss-Belresidences Rivan>>، أحد أهم المشروعات العقارية في العاصمة الإدارية الجديدة بمنطقةR7 على مساحة 16 فدانًا ويضم 15 عمارة سكنية أعلى كلًا منها «Club House» تم تصميمه بشكل مبتكر، يضم حمام سباحة وجيم وسباه وجاكوزي.

يضم مشروع <<Swiss-Belresidences Rivan>> حوالي 500 وحدة سكنية فندقية يتم تنفيذها في المرحلة الثالثة، وقد تم الانتهاء من ٧٥٪ من أعمال إنشاءات المرحلة الأولى والمرحلة الثانية من مشروع ريفان، حيث بدأ تسليم الوحدات للحاجزين ويجري العمل حاليًا على استكمال التشطيبات التي راعت الشركة فيها أن يتم الاستعانة بأفضل الشركات العالمية مثل شركة سامسونج التي ستقوم بتنفيذ أعمال التكييفات المركزية، وشركة ديورا فيت لتوفير أطقم الحمامات التي توفر استخدام المياه وغيرها.

تقدم شركة “Swiss-Belhotel International” خدمات تطوير وإدارة متخصصة ومتميزة للفنادق والمنتجعات والشقق الخدمية، وتضم محفظتها العقارية أكثر من 135 فندقاً ومنتجعاً ومشروعاً في الصين وإندونيسيا ودولة الإمارات العربية المتحدة وغيرها.

تمتلك الشركة مكاتب استراتيجية في هونغ كونغ ونيوزيلندا وأستراليا وآسيا والشرق الأوسط. تتميز الشركة بمزيجها الفريد من الضيافة السويسرية والخدمة المستوحاة من آسيا، وتحمل كل منشأة العلامة التجارية لشركة “Swiss-Belhotel International”، مما يرمز إلى الجودة والالتزام بالقيمة. ما يعكس فلسفة الشركة المبنية على “الشغف والاحترافية”، مما يجعلها شريكًا مثاليًا لشركة التعمير العربية في <<Swiss-Belresidences Rivan>>.

يتميز المشروع بتصميمه الفاخر وتشطيباته الراقية، حيث يضم وحدات سكنية فندقية تبدأ من استوديو وغرفة نوم، مع خدمات فندقية متكاملة، كما يضم المشروع مول تجاري طبي إداري يلبي جميع الخدمات للسكان، على مساحة ٤٢٠٠ متر مربع مكون من 4 ادوار تضم العديد من المحال التجارية والبراندات العالمية والعيادات الطبية في كل التخصصات فضلا عن مكاتب إدارية متميزة تقدمها شركة <<Swiss-Belhotel International>> العالمية، مما يجعله وجهة مثالية للسائحين والباحثين عن تجربة سكنية فاخرة، والتي تتشابه مع النموذج السويسري.

أكد المهندس مرزوق منصور رئيس مجلس إدارة شركة التعمير العربية أن شركة التعمير العربية تولي اهتمامًا كبيرًا بجودة البناء والتشطيبات، حيث تحرص على استخدام أفضل المواد وأحدث التقنيات في تشييد <<Swiss-Belresidences Rivan>> كما تُولي اهتمامًا كبيرًا بتقديم خدمات متميزة لعملائها، من خلال التعاقد مع شركات عالمية رائدة في مجال الخدمات الفندقية.

أشار المهندس مرزوق منصور إلى أن شركة التعمير العربية تعمل على تعزيز مكانتها في السوق من خلال إبرام الشراكات الاستراتيجية مع الشركات العالمية الرائدة، وقد وقعت الشركة مؤخرًا مذكرة تفاهم مع شركة بريطانية متخصصة في مجال إدارة المباني، بهدف تقديم خدمات متميزة لعملاء <<Swiss-Belresidences Rivan>>.

أكد مرزوق أن شركة التعمير العربية تلتزم بتسليم مشاريعها في المواعيد المحددة، فقد انتهت الشركة من 75% من أعمال البناء في المرحلة الأولى والثانية من مشروعها وجاري بدء تسليم الوحدات للمرحلة الأولى من مشروع <<Swiss-Belresidences Rivan>>

أعرب المهندس سالم السديس، الشريك السعودي بشركة التعمير، عن سعادته بتوقيع عقد الشراكة مع <<Swiss-Belhotel International>>، مؤكدًا أن الشركة تلتزم بالعمل على إثراء المشهد العمراني من خلال مشروعات شركة التعمير العربية في مصر بما يضعها على خريطة السياحة العالمية ويعزز من مكانتها التي تستحقها.

قال المهندس سالم السديس نحرص في شركة التعمير العربية على توفير وحدات سكنية مبتكرة ومصممة بأفضل المعايير العالمية ونعمل على إيجاد حلول سكنية غير مسبوقة تلبي احتياجات عملائنا مشيرًا أن الشراكة مع<<Swiss-Belhotel International>> ستساعدنا في تحقيق هذا الهدف وتمكننا من وضع <<Swiss-Belresidences Rivan>> على الخارطة السكنية الفندقية الفريدة من نوعها.

أكد السديس أن السوق العقاري المصري واعد والإصلاحات والحوافز التي قامت بها الحكومة المصرية تشجعنا على مزيد من التوسعات وضخ الاستثمارات خلال الفترة المقبلة، ويدفعنا لمزيد من الابتكار في مشروعاتنا المرتقبة ليس فقط بغرض التميز ولكن لتكون نموذجًا يحتذى به في الإنشاء والتصميم وتوفير كافة الخدمات التي يحتاجها العملاء.

جدير بالذكر:

  • تأسست شركة التعمير العربية باستثمارات سعودية مصرية، وتعمل في السعودية، ومصر، والبحرين، ودبي.
  • أكبر استثمارات الشركة توجد في السعودية، حيث تعمل مع كبرى الشركات السعودية للتطوير العقاري مثل شركة روشن التي تقوم بتنفيذ مشروع يضم نحو 1400 فيلا في واجهة الرياض.
  • تملك التعمير العربية استثمارات في قطاع الاتصالات، وفي القطاع الزراعي، حيث تدير مزارع نخيل وتصدّر التمور للخارج.
  • في القطاع الصناعي، تمتلك الشركة مصنع كرتون ينتج أصناف عالية الجودة تُستخدم في تغليف الفواكه للتصدير ومصانع للأخشاب والزجاج.
  • تُساهم مشاريع شركة التعمير العربية في تعزيز النمو في السوق العقاري السعودي، حيث تُقدم هذه المشاريع خيارات سكنية متنوعة تلبي احتياجات مختلف شرائح المجتمع.
  • تُؤكد الشركة على التزامها بمواصلة تطوير مشاريع عقارية مميزة تُساهم في إثراء المشهد العمراني في المملكة العربية السعودية.
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Swiss-Belhotel International Expands Presence in MENA Region, Signs Agreement for Swiss-Belresidences Rivan in Cairo, Egypt

CAIRO, EGYPT – Media OutReach Newswire – 5 June 2024 – Continuing its expansion in the Middle East and North Africa (MENA) region, Swiss-Belhotel International, announced today the signing of an agreement for Swiss-Belresidences Rivan, an upscale new residential development, located in Cairo, Egypt.

The agreement was formalised at the Swiss-Belhotel International’s regional headquarters in Dubai on May 14th and the official launch event took place in Cairo on 2nd June, 2024.

This sealed the deal between the owning company Al Tameer Al Arabia for Real Estate Development and Investment Sae and Swiss-Belhotel International.

Eng. Marzouk Mansour Abdelrazek Namnam, owner and CEO of Al Tameer Al Arabia for Real Estate Development and Investment Sae, said, “With our extensive experience in real estate and collaborations with major global companies and consultancy firms, we are unveiling a new vision to revolutionise real estate in Egypt. Our goal extends beyond creating residential, administrative, or commercial units; it is about crafting environments that enhance daily life through upscale and sustainable developments. Our collaboration with Swiss-Belhotel International for developing Swiss-Belresidences Rivan reflects our commitment to creating a new standard for high-end living in Cairo, while contributing positively to the city’s growth.”

Gavin M. Faull, Chairman and President of Swiss-Belhotel International, said, “We are glad to partner with Al Tameer Al Arabia for Real Estate Development and Investment Sae to bring this project to life. The Swiss-Belresidences Rivan in Cairo embodies our commitment to providing high-quality accommodation options in prime destinations. Our growth in the MENA region continues to be a key focus of our global expansion strategy. With our winning partnership philosophy, we work hand in hand with owners and investors to achieve the desired business objectives that the Swiss-Belhotel International is known for globally.”

Laurent A. Voivenel, Senior Vice President – Operations & Development, EMEA & India; Senior Vice President – Group Human Resources & Talent Development at Swiss-Belhotel International, added, “We are delighted to expand our footprint in the MENA region with Swiss-Belresidences Rivan that promises to provide an unmatched living experience to residents in Cairo. The high-end residences will feature facilities tailored to meet the needs of residents that are well-travelled, successful, well-educated and are looking for urban living spaces. With cutting edge technology, on-call services of housekeeping, outdoor catering and community activities, it will fit the rich modern lifestyle requirements. We are committed to fostering a mutually successful long-term business partnership with Al Tameer Al Arabia for Real Estate Development and Investment Sae and grateful for the opportunity extended to us.”

Swiss-Belresidences Rivan, a high-end residential community, is scheduled to open in 2026. Located in the prestigious R7 district of the New Capital, overlooking Central Park, it features landscaped gardens, water features, exclusive clubhouses, and comprehensive security. It is part of Rivan Square, a vibrant shopping, dining, and entertainment destination with retail outlets, restaurants, cafes, and other attractions. The complex also includes Rivan Tower, a 10-floor residential and administrative tower offering panoramic city views.

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Award-Winning Decision Intelligence Firm Quantexa Accelerates Global Momentum, Announces Strong FY24 Business Results

  • Quantexa set to achieve $100M in ARR by end of 2024, fueled by the growing Decision Intelligence Market worth *$500BN
  • New enterprise customers accounted for a 20% (+) contribution to fiscal year ARR
  • Closely coupled enterprise Data and AI strategies see Quantexa’s average contract increase 15% in blended ACV in FY24 

LONDON and NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) — Today, Quantexa, a global leader in Decision Intelligence (DI) solutions for the private and public sectors, announced its continued global business momentum and growth highlights from their 2024 fiscal year, dating from April 1st, 2023, to March 31st, 2024. With a focus on helping customers realize the benefits of practical applications of trusted data and AI, the company delivered on its goals of driving sustainable growth through increased platform and solution adoption, geographic, and industry expansion.

Founded in London in 2016, Quantexa now employs more than 700 team members globally across 15 locations. The company completed FY24 with a 40% increase in global Decision Intelligence ARR and a 120% (+) net retention rate.

2024 Fiscal Year Financial Highlights:

  • New tier 1 customers acquired across banking, insurance, telecommunications, media, technology, and the public sector, helping to accelerate Quantexa’s market expansion strategy and drive 20% (+) contribution to fiscal year ARR.
  • Over 25% of the world’s 50 largest banks have deployed Quantexa’s Decision Intelligence Platform to build a trusted data foundation and realize the benefits of operationalizing AI.
  • Decision Intelligence ARR grew more than 30% in the Americas, and >50% in Europe and the Middle East.
  • Led by a 30% increase in ARR across its Data Management and FinCrime Solution suites, the company continued driving significant YoY revenue growth with an uptick in adoption of its solution suites, helping industry leaders address specific pain points and take advantage of new revenue opportunities.
  • Successful completion of the Aylien acquisition and subsequent integration into Quantexa’s technology portfolio contributed to 16% growth in annual revenue for Quantexa’s News Intelligence offering.

2024 Notable Fiscal Year Milestones:

  • In April 2023, Quantexa announced that it had completed a $129M Series E funding round. The latest investment round secured the British tech company’s unicorn status with a valuation of $1.8BN and accelerated the execution of its growth strategy within the **$500BN DI category.
  • In July 2023, Quantexa announced that it would invest heavily in the global artificial intelligence (AI) industry over the next three years to help clients advance the use of AI to protect, optimize, and grow their organizations.
  • In November 2023, keeping Quantexa close to its customer base, the company announced the opening of its new Asia Pacific Headquarters in Singapore. The opening is part of a broader regional expansion plan and follows the July 2023 launch of Quantexa’s Japan operations in Tokyo and long-standing presence in Melbourne, Sydney, and Malaysia.
  • In January 2024, the company detailed the ROI customers receive from deploying its technology across enterprises and public sector agencies, when it published The Total Economic Impact™ of The Quantexa Decision Intelligence Platform study in conjunction with Forrester Consulting.
  • Quantexa detailed its innovation platform roadmap in support of its ambitious plan to lead the emerging Decision Intelligence category, anchored in helping enterprises and government agencies use contextual analytics and AI to improve organizational decision making.
  • In March 2024, it was announced that Quantexa’s Decision Intelligence Platform will be adopted by the University of Liverpool’s Civic Health Innovation Labs (CHIL) and Mersey Care NHS Foundation Trust, one of the largest trusts providing physical health and mental health services in Northwest England, serving more than 1.4M people.
  • A strategic partnership with Microsoft made Quantexa’s Decision Intelligence Platform immediately available on Microsoft Azure Marketplace for financial services organizations and government agencies, the companies also announced exclusive plans to bring the platform to mid-sized banks in the United States. Quantexa is also building a Microsoft Fabric Workload experience.
  • Quantexa completed the fiscal year surpassing 750 global employees, 16k active Decision Intelligence Platform users, and a Net Retention Rate (NRR) of 120% (+).

Vishal Marria, Founder and CEO of Quantexa, said: “The acceleration of our efforts to become the world leading provider of decision intelligence technology, and delivering strong, sustainable global growth can be attributed to two things. Our ability to help customers get their data ready for AI, as well as our execution of a series of strategic investments and partnerships. This achievement underscores Quantexa’s unwavering commitment to empower our customers to solve some of their toughest challenges across multiple industries in every corner of the globe.”

To learn more about how industry leaders are obtaining a 228% return on investment over 3 years with Quantexa’s Decision Intelligence Platform, download the Total Economic Impact (TEI) Study by Forrester.

*Proprietary market data obtained by Quantexa from a commissioned Gartner study.
**Includes AML, Fraud, and KYC solution suite growth.

About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa’s Decision Intelligence Platform found that customers saw a three-year 228% ROI.  Founded in 2016, Quantexa now has more than 700 employees and thousands of platform users working with billions of transactions and data points across the world.

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