Ajman, United Arab Emirates-Monday 4 April 2022 [ AETOS Wire ]

 Al Zorah Development Company, a joint venture between the Government of Ajman and Solidere International, has appointed George Saad as its new Chief Executive Officer.

Saad, with over 20 years of experience in the United Arab Emirates real estate market, will oversee the strategic development of Al Zorah. Saad holds a Master’s degree in Business Administration from Manchester Business School and has held several positions in the field, most recently the Commercial Director of Al Marjan Island.

Speaking about the announcement, HH Sheikh Rashid bin Humaid Al Nuaimi, Al Zorah Chairman said: “As we enter a new phase in our growth, Saad’s_ _distinguished career and extensive experience in real estate management will be key in further enhancing Al Zorah new developments that would play a pivotal role in the urban development growth of Ajman real estate sector”.

Al Z ... Read more »

Reiterates support for Zee-Sony merger as Currently Proposed; Decides not to pursue the EGM

MUMBAI, India-Thursday 24 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Invesco Developing Markets Fund (“Invesco”), Zee Entertainment’s (NSI: ZEEL) (“Zee” or the “Company”) largest shareholder with an ownership interest of nearly 18%, today issued the following statement on the Bombay High Court’s decision recognizing Invesco’s requisition for an extraordinary general meeting (“EGM”) as legally valid and upholding Invesco’s right to requisition an EGM at Zee:

We are pleased with the Bombay High Court’s ruling, which we view as an important reaffirmation of shareholder rights in India and the mechanisms under Indian law to hold Boards accountable to their shareholders. The ruling is a boon for corporate governance in India and a win for shareholder democracy.

Since we an ... Read more »

DUROR, Scotland-Monday 4 April 2022

(GLOBE NEWSWIRE) -- On Monday 28th March 2022, conservation company Highland Titles achieved a new GUINNESS WORLD RECORD® for the world’s biggest bug/insect hotel, which means Highland Titles are “Officially Amazing!”®

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c6d0e716-dbd2-4737-934d-660fac898b70

The 199.9 cubic metre structure is located on the Highland Titles Nature Reserve at Duror in the Scottish Highlands and already houses a variety of species. It breaks the previous world record of 89.37 cubic metres, which was held by the Polish Association of Developers in Warsaw, Poland.

The world record-breaking bug hotel was made using felled sitka spruce from the nature reserve, masonry bricks, bamboo canes, wood chips, forest bark, wildflower seeds, clay pipes and strawberry netting.

A photo accompanying this announcement ... Read more »

Rapidly growing supply chain solutions leader opens new facility in Mumbai with lean business model designed to control logistics costs, improve operational efficiency

ITASCA, Ill-Monday 4 April 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Global freight forwarder AIT Worldwide Logistics is proud to announce the opening of its newest location in the gateway city of Mumbai, India. Staffed by an initial team of 11 experienced logistics professionals, the office is the first of multiple AIT facilities slated to open in strategic locations across the Republic of India in 2022 and beyond.

According to AIT’s Chief Business Officer, Greg Weigel, expanding the company’s worldwide network of more than 100 offices enhances responsiveness to global customers shipping to and from the world’s second-most populous country.

“Establishing a dedicated team in India improves service integrity for shippers,” said Weigel. “The office’s ... Read more »

Mavenir becomes Vodafone’s strategic 5G Core supplier
LISBON, Portugal & READING, United Kingdom-Monday 4 April 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Vodafone Portugal, a leading telecom provider in Portugal, and Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, today announced that Vodafone Portugal will be using the MAVcore solution for its fully containerised Converged Packet Core network after the selection of Mavenir as strategic 5G Converged Core supplier.

The MAVcore family includes Mavenir’s leading-edge Converged Packet Core and Policy Control solution delivering a next-generation modernised data network. The MAVcore solution will allow the transformation to a containerised and automated cloud-native network – providing the flexibility for future mobile network evolution, including the launch of disruptive and innovat ... Read more »

Sharjah, United Arab Emirates-Monday 4 April 2022 [ AETOS Wire ]

Alwaleed Philanthropies has invested over four billion dollars on social welfare initiatives across 189 countries, benefiting over one billion people worldwide.

Among its numerous partnerships, Alwaleed Philanthropies sustained livelihoods among the Saudi disabled community through a collaboration with popular ride-hailing app, Careem.

HRH Princess Lamia Bint Majed Saud Alsaud, the Secretary General of Alwaleed Philanthropies, chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, shared her perspective on the organisation’s local and global humanitarian aid efforts, as well as on her personal philanthropic journey, in an insightful conversation with Badr Jafar, Founder of the Cambridge University Centre for Strategic Philanthropy.

HRH Princess Lamia expressed her view that philanthropists must embrace cross-sector collaboration, as well as collaboration with each other, i ... Read more »