Dubai, United Arab Emirates - 
Parents who start early and choose the right education savings plan are better positioned to secure their children's futures.

 

A recent survey has unveiled that parents in the UAE anticipate between AED 250,000 and AED 600,000 in funding their children's higher education. Despite these significant costs, many parents are unprepared financially as the survey revealed that 29% have yet to begin saving for their children’s university education.

The survey by market research company YouGov, commissioned by Zurich International Life (Zurich), part of Zurich Insurance Group, highlights a critical financial gap that could affect the educational opportunities available to many children. With 63% of respondents anticipating such high costs, the study calls attention to a significant financial responsibility that many families aim to fulfil.

Reliance on traditional saving methods

Traditional ... Read more »

(BUSINESS WIRE)--The G.I.F.T. (Gold International Fast Transfer) project is a cryptographic telecommunication technology concept that connects physical assets in gold and other precious metals to a digital transfer system via a digital portal. This concept was invented by Fayçal Lalioui, a renowned businessman and CEO of GOLD INTERNATIONAL FAST TRANSFER LLP, based in LONDON, United Kingdom, at the beginning of 2024. Fayçal has been active in the gold sector for several years through partnerships in Luxembourg and the Middle East. The G.I.F.T. platform is currently under development in collaboration with Cybastion, a company specialized in cybersecurity and digital transformation, based in Washington, USA, with whom a memorandum of understanding has been established. Cybastion is responsible for the system's feasibility, architecture, and cybersecurity. What is the G.I.F.T. System? The system aims to digitize precious metals, allowing secure storage while limiting transport flows. I ... Read more »

 Lenovo Hybrid Cloud Advisory Services simplify cloud plans, accelerate time to value

(BUSINESS WIRE) -- Lenovo (HKSE: 992) (ADR: LNVGY), the global technology powerhouse, is offering Lenovo Hybrid Cloud Advisory Services to help enterprises simplify the complexity of hybrid cloud design and create implementation-ready, future-proofed plans in as few as six weeks. Lenovo leverages four decades of experience helping global CIOs ease cloud and hybrid cloud challenges, including demands associated with emerging AI-related workloads. With the new services, Lenovo expert consultants guide enterprises through hybrid cloud needs, accelerating time to value, improving cost efficiency, and building flexibly scalable foundations.

The new era of AI is hybrid, and today’s IT organizations are converting their raw data into actionable insights with hybrid cloud solutions that are capable of harnessing data, no matter wh ... Read more »

ZUG, Switzerland - Thursday, 29. August 2024 AETOSWire Print 

(BUSINESS WIRE)--Galderma Group AG (SWX:GALD):

NOT FOR DISTRIBUTION IN THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE RESTRICTED BY APPLICABLE LAW OR REGULATION

Galderma successfully placed an inaugural bond with a total amount of CHF 500 million through a dual tranche offering:

CHF 250 million bond, with a 4-year maturity and a 1.6% fixed-rate annual coupon
CHF 250 million bond, with a 8-year maturity and a 1.9% fixed-rate annual coupon
The payment date of the bonds is September 27, 2024. The bonds will be listed on the SIX Swiss Exchange and are expected to be included in the domestic segment of the Swiss Bond Index (SBI). The bonds were placed under the lead management of UBS and Zürcher Kantonalbank.

To support the issuance of the bond ... Read more »

SANTA MONICA, Calif. - Thursday, 29. August 2024 AETOSWire 

Market-Leading Cost and Risk-Reduction Services Will Complement Wilshire’s Investment Solutions for Institutional Clients Globally

 

(BUSINESS WIRE)--Wilshire Advisors LLC (“Wilshire”), a leading global financial services firm, today announced that it has joined forces with XTP Implementation Services (“XTP”), a tech-enabled and data-driven specialist focused on improving transparency, reducing risk, enhancing investment governance, and increasing net returns for institutional investors globally. Through this partnership, which was effectuated by an acquisition of XTP by Wilshire, with simultaneous reinvestment in Wilshire by former XTP shareholders, XTP will continue to operate independently under its existing leadership team and brand. Financial terms of the transaction were not disclosed.

This press release features multimedia. View the full release ... Read more »

TAMPA, Fla. - Thursday, 29. August 2024

(BUSINESS WIRE)--TRU Simulation + Training Inc., a Textron Inc. (NYSE:TXT) company recently announced delivery of the Beechcraft T-6C Texan II Operational Flight Trainer (OFT) to the Tunisian Air Force. Additional items delivered with the OFT include a Computer Based Training (CBT) Lab with eight workstations, two Avionics Desktop Trainings (ADTs) and field services. The OFT will be the first device of its kind within the region and will support flight training needs at the Sfax Air Base in Sfax, Tunisia.

TRU Simulation, an affiliate of Textron Aviation Defense LLC, the manufacturer of the Beechcraft T-6C, designs, manufactures and delivers high-fidelity training devices and full-motion simulators for civil and defense customers.

“As the first TRU-built Beechcraft T-6C OFT in the region, this marks a significant milestone in TRU Simulation’s commitment to advancing aviation training technology globally. The ... Read more »

 

The Saxo Bank Group reported an adjusted net profit of USD 76 million, compared to USD 56 million for the same period last year, corresponding to an increase of 35%.

 

During 2024, the Saxo Bank Group rolled out a new competitive pricing structure that lowers costs for clients as well as improvements to the client experience, leading to a record number of clients and client assets, with over 1.2 million end clients and USD 122 billion in client assets as of 30 June 2024.

 

Volatility across financial markets has been low in the first half of 2024 resulting in lower trading and investing activity, while the higher interest rates and positive inflow of client funding impacted the financial performance positive ... Read more »

Facilitating the Development of Low-Power Embedded Devices with SDIO Interface

(BUSINESS WIRE) -- KAGA FEI Co., Ltd., a global provider of leading short distance wireless modules, announced today the “WKI611AA1,” a Wi-Fi 6 and Bluetooth-supported wireless LAN/Bluetooth combo module for embedded devices.

This module features a built-in high-performance antenna and has obtained various certifications, allows for the reduction of antenna development time and certification costs when developing industrial IoT devices and home automation devices such as smart building equipment, handy terminals for logistics, surveillance cameras, and home appliances. Using this module enables a faster time-to-market for products.

Supporting Wi-Fi 6 and Bluetooth, this module is suitable for applications that require faster data rates and excellent interference avoidance. Mass production of the module will commence in May 2025.
KAGA FEI will continue to respond t ... Read more »

SAN FRANCISCO - Thursday, 29. August 2024 AETOSWire (BUSINESS WIRE) -- Andersen Global continues to build on its multidisciplinary platform in Africa, adding investment banking and M&A capabilities to the region through a Collaboration Agreement with Boston Advisory Limited based in Nigeria. Boston Advisory Limited is an investment banking firm providing a broad range of investment banking services to a diverse group of corporates, public institutions and high net worth individuals. The firm’s primary focus areas include transaction services and capital raising, having worked on one of Nigeria’s largest mergers and raised more than 300 billion NGN. Each of the firm’s professionals possess more than three decades of investment banking experience and provide services to some of the largest companies in the manufacturing, oil and gas, and real estate industries. “The collaboration between Boston Advisory Limited and Andersen Global marks the beginning of an exciting new chapter for ou ... Read more »