• Under a 35-year concession agreement, the state-of-the-art terminal will open in 2024 with an initial capacity of 1.8 million TEUs

• Khalifa Port becomes a regional hub for Three of World’s Top Four shipping companies
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Abu Dhabi, United Arab Emirates.-Thursday 9 September 2021 [ AETOS Wire ]

AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, and France-based CMA CGM Group, a world leader in shipping and logistics, have announced the signing of a 35-year concession agreement.

Under the terms of the agreement, a new terminal will be established in Khalifa Port, the first semi-automated container port in the GCC region, which will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports Group (30 percent stake). The partners are expected to commit approximately AED 570 million (USD 154 million) to the project.

A state- ... Read more »

CAIRO, Egypt.-Wednesday 8 September 2021 [ AETOS Wire ]

H.E. Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, today called upon the international community to unite and spark a “green recovery”.

Speaking on the first day of the inaugural Egypt International Cooperation Forum (Egypt – ICF), launched by the Ministry of International Cooperation, taking place in Cairo between 8-9 September, El-Sisi said: “No government alone can make this recovery possible. It requires the support of the international community and financial institutions to achieve the UN SDGs.”

Also at the event, H.E. Dr. Rania A. Al-Mashat, Egypt’s Minister of International Cooperation, said: “This is a unique opportunity for Egypt to reset global priorities and place sustainability at the core of economic development.”

“We launched the Egypt – ICF to provide a global platform to catalyze international cooperatio ... Read more »

• The $250 million financing agreement will support the Khor Mor expansion project.

• Total project cost of $630 million to increase production capacity by 50% to 690 million scf/day from April 2023

Sharjah, United Arab Emirates-Wednesday 8 September 2021 [ AETOS Wire ]

Pearl Petroleum Company Limited (“Pearl Petroleum”), the consortium led by Dana Gas and Crescent Petroleum of the UAE, has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (“DFC”) to support the gas expansion works currently under way at the Khor Mor gas plant in the Kurdistan Region of Iraq (KRI).

DFC is the development finance arm of the U.S government and proceeds from the 7-year DFC financing will support an increase in gas production capacity by 50% to 690 million standard cubic feet (scf)/day to meet rising demand for clean natural gas for electricity generation and industry in the KRI.  T ... Read more »

CAIRO-Wednesday 8 September 2021 [ AETOS Wire ]

− MNT-Halan’s fintech ecosystem connects consumers, vendors and micro-enterprises through a digital platform and payment solutions

− The highly scalable solution is disrupting the under-penetrated and fast growing mass market in financial services in Egypt

− Investment signals significant interest and commitment from global investors to the fintech opportunity in Egypt

− MNT-Halan to drive further innovation in its technology and product development, scale to tens of millions of customers, and expand cross-border

 

(BUSINESS WIRE) -- MNT-Halan, Egypt’s leading fintech ecosystem, announced today a circa US$120 million investment by major global and regional growth investors: Apis Growth Fund II, Development Partners International (DPI), and Lorax Capital Partners. In addition, the company has also attracted venture capital backing from Middle East V ... Read more »

 Leading Men’s Lifestyle Brand Continues to Rapidly Grow its International Footprint, Expanding into the Middle East

 

SAN DIEGO-Wednesday 8 September 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- MANSCAPED™, the global men’s grooming company and leading lifestyle brand, today announces its arrival in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia. MANSCAPED has quickly become a coveted brand and a daily routine for millions of men in three dozen countries worldwide, since successfully launching in Asia and Africa just last month. Thus, its expansion in Middle East North Africa (MENA) is a natural progression for the fast-growing brand and the next step on its international roadmap.

 “Grooming is a key trait in the United Arab Emirates and the Kingdom of Saudi Arabia, with hair removal being part of a personal hygienic code that dates back thousands of years,” said Paul Tran, Founder and CEO of MAN ... Read more »

TOKYO-Wednesday 8 September 2021 [ AETOS Wire ]

Strategic Partnership Provides SoftBank Portfolio Companies Access to Approximately 240 Million Customers Across Europe and the US and Deutsche Telekom (“DT”) with ARPU Increase, Churn Reduction and JV Participation

SoftBank Receives 225 Million New DT Shares in Exchange for DT Receiving Approximately 45 million T-Mobile US (“TMUS”) Shares; DT Intends To Acquire Another Approximately 20 Million TMUS shares from SoftBank by Re-investing Proceeds from Announced Sale of T-Mobile Netherlands

SoftBank Diversifies Telecoms Exposure Across Japan, Europe and the US, with 41% Ownership of SoftBank Corp., 4.5% of DT and 3.3%1 of TMUS

SoftBank Exchanging TMUS Shares Underlying Primarily Fixed Price Options with No Upside, for DT Stock with Material Upside to Become Second Largest Private Shareholder with 4.5% Stake and Intended Board Representation

SoftBank Retains Meaningful Upside ... Read more »

SHENZHEN, China-Wednesday 8 September 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Hytera, together with its subsidiaries Norsat, have recently released a white paper to highlight the importance of radio over satellite solutions on a global scale.

Communication Challenges Faced by Industries

As communication requirements evolved drastically, it has become imperative to enhance connectivity between organizations, world-wide teams, and employees on the field. Radio communications play an essential role in this regard, especially in public safety, emergency rescue, firefighting, fleet operations and mining applications. Most radio networks use line of sight propagation or have fixed repeater stations.

When there is no radio network signal coverage on site, command center is not able to reach the personnel on site. In this case, the use of communications satellites as a communications repeater can provide a remote cross-territory transmission route for on-site ... Read more »

NEW YORK & ST. GALLEN, Switzerland-Wednesday 8 September 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Sportradar Group AG (“Sportradar”), a leading global provider of sports betting and sports entertainment products and services, and the number one provider of business-to-business solutions to the global sports betting industry based on revenue, announced today that it plans to commence its roadshow for the initial public offering of 19,000,000 of its Class A ordinary shares. One of Sportradar’s existing shareholders expects to grant the underwriters a 30-day option to purchase up to an additional 2,850,000 Class A ordinary shares at the initial public offering price, less underwriting discounts and commissions. Sportradar has applied to list its Class A ordinary shares on the Nasdaq Global Select Market under the ticker symbol “SRAD”.

J.P. Morgan, Morgan Stanley, Citigroup and UBS Investment Bank will act as lead book-running managers for ... Read more »

Doha, Qatar-Wednesday 8 September 2021 [ AETOS Wire ]

 

 In the past decades, many of the MENA region’s best Arab scientists, inventors, engineers, designers, and innovators left their home countries for better opportunities in the West. While the reasons for the “brain drain” in this part of the world have been varied, many of these talented youth cite a lack of support and resources as their reason for leaving. However, the situation is evolving – for the better.

For more than a decade, Qatar has become a confluence for science and innovation in the MENA region. It is home to Qatar Foundation’s (QF) edutainment show Stars of Science, and it hosts Qatar Science & Technology Park (QSTP). The show falls under QSTP’s umbrella of programs that support incubation and start-ups, enhancing capacity to further develop the Qatar Foundation Research, ... Read more »

HANGZHOU, China -Wednesday 8 September 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Dahua Technology, a world leading video-centric smart IoT solution and service provider, has launched its upgraded Three-in-One Camera series – the TiOC 2.0. It is equipped with intelligent features that can help ease your monitoring operation and customize your alarm system based on your actual needs.

 Smart Dual Illuminators

The TiOC 2.0 features Smart Illumination Mode (default mode) that turns on the white light when a target is detected (PTZ camera tracks the target). The active alarm (siren and red & blue light) will be triggered if the target enters the rule area. When the target leaves the monitored area, the white light turns off (PTZ camera goes back to preset) and the IR illuminator turns back on, which helps reduce light pollution at night.

VoiceCatcher Technology

The Dahua VoiceCatcher technology adopts a high-sensitivity dual mic array &nd ... Read more »

Cairo, Egypt.-Wednesday 8 September 2021 [ AETOS Wire ]

Speed Medical Company (EGX: SPMD), today announced a EGP 1.57 billion capital commitment from GEM Global Yield LLC SCS ("GGY"), the Luxembourg based private alternative investment group.

Under the agreement, GGY will provide Speed Medical Co. (SPMD) with a Share Subscription Facility of up to EGP 1,570 million for a 36-month term to use at its discretion, subject to agreed upon terms. The company will have no minimum drawdown obligation and is authorized to utilize the facility on an as-need basis over the life of the agreement. 

“We are pleased to receive what we believe is potentially lower cost and less dilutive financing, as the company controls the timing and amount of each drawdown. The new facility will provide financing that can be deployed for acquisitions, our aggressive expansion plans, new venture financing as well as consolidating current bank obligations. The facility w ... Read more »