Open Society Announces $1.7 Million to Support Middle East and North Africa Debt Swap for Sustainable Development

Amman, March 15, 2023 (GLOBE NEWSWIRE) — The Open Society Foundations today announced that they are giving $1.7 million to a United Nations initiative in the Middle East and North Africa region (MENA) that seeks to catalyze increased public spending on achieving the UN’s Sustainable Development Goals by negotiating reduced national debt service payments. Importantly, the initiative provides a channel for MENA civil society organizations to have a voice about where such kinds of innovative financing is needed most.

The two-and-a-half-year project partnership, which will last from April 2023 through September 2025, will support work by the UN Economic and Social Commission for Western Asia (ESCWA) with interested member states and civil society to identify investment projects that prioritize the most urgent needs of MENA societies. ESCWA will support member states in reaching agreements with their creditors to redirect scheduled debt service payments into sustainable local investments.

An emphasis on robust project monitoring and evaluation provides an incentive to creditors who are ready to deliver on their own commitments to climate and sustainable development goals financing in MENA. The initiative is further strengthened by the role of ESCWA’s Advisory Committee, made up of experts with experience implementing debt swaps and providing economic policy advice on inclusive growth in other parts of the world.

Heavily indebted MENA countries have pressing financing needs to address climate adaptation and sustainable development goals, while struggling to recover from fallouts of the COVID-19 pandemic and repercussions of the war in Ukraine, including growing food insecurity. As middle-income countries, they are both excluded from debt relief frameworks and find it difficult to access the financing they need.

The combined public debt burden of Arab countries was $1.5 trillion, equivalent to about 54 percent of the region’s GDP in 2021. In addition, the Arab region continues to suffer disproportionately from climate change and 90 percent of the population resides in water-scarce countries. Conflicts in the region have devastated institutions and infrastructure and some 66 million persons in Arab countries affected by conflict are dependent on humanitarian aid.

“The ESCWA initiative is a win-win strategy for all stakeholders involved,” said Issandr Amrani, executive director for Open Society–Middle East and North Africa. “As a multilateral institution with a commitment to human rights and civil society engagements, ESCWA provides a new opportunity for civil society to engage with governments on borrowing, spending, and development priorities. Open Society is committed to backing innovative projects that can help deliver economic justice.”

Yamide Dagnet, Open Society’s director for Climate Justice, added: “Climate disruption poses exponential risks to MENA’s economic and political challenges. Open Society’s pro-climate and fiscal-forward support can pave the way for catalytic investment in a just and inclusive climate transformation. From spurring dynamic and higher quality, green new employment opportunities that spark optimism among youth, women, and other marginalized communities, to addressing adaptation issues such as water scarcity that risks amplifying conflict. The fiscal space and just opportunities this pledge creates expands how we must put climate justice into action.”

Open Society’s president announced the launch of the grant during a high-level plenary session of the Arab Forum on Sustainable Development in Beirut, Lebanon, on March 15, 2023.

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Gibson Oncology Expands Its Board of Directors With Accomplished Leadership in Oncology Clinical Development and Corporate Strategy

MIAMI, FL / ACCESSWIRE / March 14, 2023 / Gibson Oncology, a privately held Oncology preclinical and clinical development company advancing novel, targeted small molecule compounds that inhibit topoisomerase I and bind the G4 quadruplex in the cMyc promoter to inhibit cMyc expression as potent anticancer agents, welcomes two well-accomplished and experienced individuals within the life sciences industry, Dr. Fred Mermelstein and Dr. Mark Baganz.


“We are delighted to have Dr. Fred Mermelstein and Dr. Mark Baganz join Gibson’s Board of Directors. We look forward to their valuable contributions as Gibson further develops its oncology portfolio that uniquely attacks cancer through a dual mechanism: inhibition of TOPO 1 protein and reduction of cMyc expression levels through selective binding to G4 quadruplexes formed in the cMyc promoter region,” stated Randall B. Riggs, President and CEO.

Dr. Baganz is a corporate leader, entrepreneur, and board-certified diagnostic radiologist. He is the Founder and President of Chesapeake Medical Imaging, a subspeciality patient-centric diagnostic radiology practice with 12 locations in Maryland employing over 150 people. He was co-Founder and is a current Advisory Board member of SecureRAD-Purview, a medical IT and telehealth company and the sponsor of the Horos Project, an open-source medical image viewing platform with over 100,000 users on all continents and in over 170 countries.

Fred Mermelstein, Ph.D., currently serves as President and CEO of Dynamic Cell Therapies since its founding in 2020 and Chairman of the board of Courage Therapeutics since its founding in 2019. Between 2003 – 2010, Dr. Mermelstein founded Javelin Pharmaceuticals, Inc. (JAV), until its sale to Hospira, Inc., now Pfizer. He served as the CEO and President of Javelin, which developed Dyloject, an injectable anti-inflammatory for the treatment of post-operative pain. He founded PolaRx Biopharmaceuticals, Inc., in 1997, where he also served as Chief Scientific Officer until 1999, and on the team responsible for bringing Trisenox (Arsenic Trioxide for the treatment of Acute Promyelocytic Leukemia) to NDA completion, now marketed and sold worldwide by Teva. He also served on the board of NX Development Corp., between 2011 – 2018 which brought Gliolan to the market in the United States prior to its acquisition by SBI Pharma, Inc. Between 2008 and 2018, Dr. Mermelstein was a co-founder and served as Chairman of the Board of Pear Tree Pharmaceuticals, until its sale to Dare Biosciences, Inc. Dr. Mermelstein serves on several boards, including Harvard Institute of RNA Medicine, Rogosin Institute and Cornell-Weill Medical Center.

About Gibson Oncology:

Gibson Oncology is developing a novel class of proprietary drug candidates currently in clinical trials for the treatment of difficult-to-treat tumors. Our product candidates are first-in-class based upon dual activity at cMyc and TOPO-1 which will improve safety and efficacy and offer future approaches for treating several cancers. There are currently five (5) ongoing clinical studies funded by the National Institute of Health in patients with solid tumors and lymphomas. Additionally, Gibson has developed proprietary second-generation product candidates expanding modes of delivery and treatment approaches in both pediatric and adult populations. For more information, please visit www.gibsononcology.com.

Contact Information

Randall B. Riggs
President & CEO
[email protected]
(502) 345-8911

SOURCE: Gibson Oncology, LLC

‫تومي تكشف الستار عن إبداعاتها القادمة من خلال مجموعة فوياجير (Voyageur) المُعاد تصورها بمشاركة رينيه راب

دبي الامارات العربية المتحدة – 15 مارس 2023 – تحتفل تومي – العلامة التجارية الرائدة في مجال منتجات السفر والحياة العصرية – بمجموعتها الشهيرة فوياجير (Voyageur) مع أحدث حملاتها ” ” Unpack Tomorrowمن بطولة المغنية ومؤلفة الأغاني والممثلة رينيه راب.

رينيه راب تحمل حقيبة اليد المتوسطة فاليتا (Valetta) من مجموعة فوياجير (Voyageur)

تقدم الحملة التي أخرجها المخرج تود تورسو نظرة مقرّبة وشخصية على الرحلة متعددة الأوجه لرينيه، وتبرز أهمية منتجات السفر الموثوق بها في عالم حافل بالمجهول، مع مواصلة تصدر تومي لحركة السفر “التجوالي”. تسلط مقاطع الفيديو الخاصة بالممثلة الغنائية رينيه راب، بطلة المسرحية الغنائية mean Girlsو مسلسل Sex Lives of College Girls: الضوء على الطريقة التي تحمل فيها النجمة الشابة منتجات تومي معها في شتى مراحل مهنتها. تعرض أفلام رينيه الإصدار الجديد من مجموعة فوياجير (Voyageur) النسائية المحببة من تومي، حيث تفخر تومي بتقديم مواد مُعاد تدويرها في تصاميمها الأساسية.

تجسّد مجموعة فوياجير (Voyageur) لربيع 2023 جماليات المجموعة الأصلية الانسيابية المميزة وتعيد تقديمها عبر أشكال وأحجام عصرية تناسب كل امرأة محترفة أنيقة. تتصدر الاستدامة المشهد أيضًا من خلال مكونات مُعاد تدويرها بالإضافة إلى متانة مُعززة وميزات تنظيمية جديدة تسهّل حمل الحقائب. يفيض الربيع بألوان موسمية جديدة في مجموعة فوياجير (Voyageur) مثل الأرجواني الفاتح، والرمادي الضبابي، والأخضر الباهت، ونقشات “Swallowtail” متعددة الألوان.

الحقائب من اليسار إلى اليمين: حقيبة اليد الكبيرة فاليتا (Valetta) من مجموعة فوياجير من تومي باللون الأسود البرونزي
حقيبة اليد الصغيرة فاليتا (Valetta) من مجموعة فوياجير من تومي بنقشة “Swallowtail”
حقيبة كروس بودي للارتداء عبر الجسم أديلايد هوبو (Adelaide Hobo) من مجموعة فوياجير من تومي باللون الرمادي الضبابي
حقيبة الخصر الصغيرة لوها (Loha) من مجموعة فوياجير من

تركّز تصاميم تومي الجديدة على تعددية الاستخدامات والميزات العمليّة ويبرز ذلك من خلال الموديلات الأساسية المصنوعة من مواد نايلون عصرية. تتضمن هذه التصاميم حقيبة اليد فاليتا (Valetta)، المتوفرة في ثلاثة أحجام، فضلًا عن حقيبة الكروس بودي المواكبة للموضة أديلايد هوبو (Adelaide Hobo) وحقيبة الخصر الصغيرة لوها (Loha) المتوفرة بالألوان الأرجواني الفاتح، والرمادي الضبابي، والأخضر الباهت، والأسود، ونقشات “Swallowprint”.

من اليسار إلى اليمين: حقيبة سلينج قابلة للحمل على الصدر أو الظهر كيلين (Kileen) من مجموعة فوياجير من تومي باللون الأرجواني الفاتح المتدرج
حقيبة الظهر سيلينا (Celina) من مجموعة فوياجير من تومي باللون الأرجواني الفاتح
حقيبة الظهر /حقيبة دوفيل مالتا (Malta) من مجموعة فوياجير من تومي باللون الأسود البرونزي

بالإضافة إلى حقيبة الظهر سيلينا (Celina) المُعاد تصميمها، تقدّم المجموعة عدد من التصاميم الجديدة العصرية مثل حقيبة الظهر/ دوفيل مالتا (Malta) والحقيبة السلينج القابلة للحمل على الصدر أو الظهر كيلين (Kileen)، وجميعها تتضمن مزايا مفيدة مثل البطانة المقاومة للماء والأحزمة لحمل حصيرة اليوغا. من العناصر التصميمية الأخرى التي تتضمنها المجموعة الأكسسوارات المعدنية العصرية، والزخارف الجلدية المحببة الراقية، وملحقات تومي+ المضافة من الخارج والداخل على كل قطعة، والحليات الجلدية المبتكرة المتداخلة والقابلة للفصل.

من اليسار إلى اليمين: محفظة صغيرة موديلار (Modular) من تومي+ باللون الأحمر الناري
محفظة شارم (Charm) صغيرة من تومي+ بنقشة (Swallowtail)
حقيبة منظمة صغيرة من تومي+ باللون الأخضر الباهت

تكتمل المجموعة بالملحقات والمنتجات الجلدية الصغيرة للحفاظ على حقائب فوياجير (Voyageur) النسائية منظمة في كل وقت. يمكن تعزيز كل قطعة بملحقات تومي+ مثل محفظة تشارم (Charm)، والحقيبة المنظمة الصغيرة، والمحفظة الملحقة موديلار (Modular)، التي توفر إمكانية العثور على الأشياء الصغيرة بطريقة سريعة. ثمة ثلاثة تصاميم مبتكرة من حقائب سفر مجموعة 19 ديجري (19 Degree) بالألوان الموسمية الأرجواني الفاتح، والأخضر الباهت، والمرجاني لكي تتماشى بشكل مثالي مع طرز مجموعة فوياجير (Voyageur) من أجل راحة لا تُضاهى خلال رحلتها.

Hashtag: #TUMI

The issuer is solely responsible for the content of this announcement.

عن تومي

تبتكر تومي منذ عام 1975 منتجات أساسية عالمية خاصة بالأعمال وتناسب السفر وعالية الأداء وفاخرة مصممة لتطوير كافة جوانب الحياة أثناء التنقل، وتيسير ذلك، وإضفاء لمسة جمالية عليه. نمزج بين الوظائف المثالية وروح الإبداع، ونحن ملتزمون بتعزيز الرحلات بوصفنا شريك مدى الحياة للمتنقلين والصانعين الذين يسعون وراء شغفهم. يتم بيع العلامة التجارية عالميًا في أكثر من 75 دولة عبر ما يقرب من 2000 نقطة بيع.

لمعرفة المزيد عن تومي، تفضلوا بزيارة  www.TUMI.com

SOURCE: TUMI

TUMI Unpacks Tomorrow with Reimagined Voyageur Collection featuring Reneé Rapp

HONG KONG SAR – Media OutReach – 15 March 2023 – TUMI, the leading international travel and lifestyle brand, is celebrating its iconic Voyageur collection with the latest instalment of its Unpack Tomorrow campaign starring singer-songwriter and actress, Reneé Rapp.
Reneé Rapp carries Voyageur Valetta Medium Tote

Brought to life by director Todd Tourso, the campaign offers an up close and personal lens into Reneé’s multifaceted journey, illustrating the importance of reliable travel products in a world that is full of unknowns, and continuing to position TUMI at the forefront of the “nomadic” travel movement. Sex Lives of College Girls and Mean Girls: The Musical actress Reneé Rapp’s videos highlight the ways that the young star brings TUMI wherever her career takes her. Reneé’s films feature the relaunch of TUMI’s beloved women’s Voyageur collection, boasting recycled materials within its core designs.

The Spring 2023 Voyageur collection takes its signature streamlined aesthetic and reinterprets it with ultramodern shapes and sizes suited for stylish professionals. Sustainability has also been brought to the forefront with recycled components as well as enhanced durability and new organizational features that bring ease to each wear. Spring brings a flurry of new seasonal colors in the Voyageur collection with Lilac, Fog, Mist and multicolor Swallowtail Print.
L to R: TUMI Voyageur Loha Slim Hip Bag in Black Gunmetal
TUMI Voyageur Adelaide Hobo Crossbody in Fog
TUMI Voyageur Valetta Micro Tote in Swallowtail Print
TUMI Voyageur Valetta Large Tote in Black Gunmetal

With a redesign that focuses on versatility and enhanced functionality, TUMI introduces key styles in on-trend nylon materials. These include the Valetta Tote, which is available in three sizes, as well as the on-trend Adelaide Hobo Crossbody and Loha Slim Hip Bag available in Lilac, Fog, Mist, Desert Red, Black and Swallowtail Print.

L to R: TUMI Voyageur Kileen Convertible Sling in Lilac Ombre
TUMI Voyageur Celina Backpack in Lilac
TUMI Voyageur Malta Duffel/Backpack in Black Gunmetal

In addition to a redesigned Celina Backpack, there are a number of new active styles such as the Malta Duffel/Backpack and Kileen Convertible Sling, all packed with useful features like a water-resistant lining and straps to hold a yoga mat. Other design elements found across the collection include modern gunmetal hardware, elevated caviar leather trim, added TUMI+ functionality on the exterior and interior of each piece, and an iconic monogrammable, detachable leather charm.

L to R: TUMI+ Small Modular Pouch in Blaze Red
TUMI+ Charm Pouch in Small Swallowtail Print
TUMI+ Small Organizer in Mist

Completing the collection are a range of accessories and small leather goods to keep the Voyageur woman organized in every possible situation. Each piece can be further enhanced with TUMI+ accessories such as the Charm Pouch, Small Organizer and Modular Accessory Pouch, which offer quick access to smaller items. Three innovative 19 Degree carry-on styles in seasonal Lilac, Mist and Coral perfectly match the Voyageur styles for unmatched convenience throughout her journey.

Hashtag: #TUMI

The issuer is solely responsible for the content of this announcement.

About TUMI

Since 1975, TUMI has been creating world-class business, travel lifestyle, and performance luxury essentials designed to upgrade, uncomplicate and beautify all aspects of life on the move. Blending flawless functionality with a spirit of ingenuity, we’re committed to empowering journeys as a lifelong partner to movers and makers in pursuit of their passions. The brand is sold globally in over 75 countries with upwards of 2,000 points of sale.

For more about TUMI, visit www.TUMI.com.

SOURCE: TUMI

 

ACAMS Launches Scholarship Program for Korean Professionals Seeking Anti-Money Laundering Training

CAMS Scholarship recipients will train on strategies to identify, trace, and report criminal activity threatening financial institutions across the globe

WASHINGTON, March 14, 2023 (GLOBE NEWSWIRE) — As part of its efforts to support the fight against financial crime throughout the Asia Pacific region, ACAMS is launching a new scholarship program for South Korean compliance professionals seeking to become Certified Anti-Money Laundering Specialists (CAMS). Under the initiative, ACAMS will award the CAMS Scholarship to 10 Korean compliance practitioners in the anti-financial crime (AFC) space, granting them a one-year membership to the association and a full waiver of all fees for the CAMS exam package.

As part of the program, scholarship winners will train on a broad array of skills and strategies to detect, track, and report illicit financial activity, including global best practices on the effective implementation of anti-money laundering (AML) and counterterrorism financing (CTF) policies and procedures, risk-mitigation controls, and suspicious transaction reporting. Widely recognized as the global standard for AML/CTF credentials, the CAMS program helps to shield financial institutions around the world from criminal exploitation, regulatory fines, and reputational harm.

“This scholarship is a reflection not only of our mission to fight illicit finance around the globe, but also of our commitment to the talented professionals in Korea’s dynamic anti-financial crime sector,” said ACAMS CEO Scott Liles. “As South Korea’s financial markets continues to grow, it’s critical that compliance professionals are prepared to meet evolving regulatory expectations and face emerging criminal threats.”

“For compliance practitioners, CAMS is pathway to becoming part a global community of dedicated men and women around the world who are applying their knowledge and skills to protect the private sector and save lives,” said ACAMS Advisory Board Member Jean Chung who is also Managing Director, Asia Head over Conduct, Financial Crime and Compliance Advisory for Corporate, Commercial and Institutional Banking at Standard Chartered Bank. “This is a credential that will open doors for professional development throughout a recipient’s career.”

The initiative is the third of its kind for ACAMS following the launch in 2021 of the CAFCA Scholarship and CCAS Scholarship in 2022. The CCAS Scholarship attracted entries from AFC professionals from over 100 countries around the world.

Applicants can apply for the CAMS Scholarship through 11:59 pm GMT April 28, 2023. Winners will be announced in June.

Find out more about the scholarship’s criteria and application process here:
https://www.acams.org/cams-scholarship

About ACAMS®

ACAMS is a leading international membership organization dedicated to providing opportunities for anti-financial crime (AFC) education, best practices, and peer-to-peer networking to AFC professionals globally. With over 100,000 members across 180 jurisdictions, ACAMS is committed to the mission of ending financial crime through the provision of anti-money laundering/counterterrorism-financing and sanctions knowledge-sharing, thought leadership, risk-mitigation services, ESG initiatives, and platforms for public-private dialogue. The association’s CAMS certification is the gold-standard qualification for AFC professionals, while its CGSS and CCAS certifications are for sanctions professionals and AFC practitioners working in the crypto space, respectively. ACAMS’ 60+ Chapters globally further amplify the association’s mission through training and networking initiatives. Visit acams.org for more information.

Media Contact:
Lashvinder Kaur
[email protected]
+44 7388 264478

GlobeNewswire Distribution ID 8788561

‫شركة Kinder Morgan تختار Xage Security لتقوية نظام الأمن السيبراني للبنية التحتية الحيوية

ستتعاون Xage Security مع إحدى كبرى شركات البنية التحتية للطاقة في أمريكا الشمالية لدعم مرونة الأمن السيبراني ومبادرات التحول الرقمي

PALO ALTO، كاليفورنيا، 14 مارس 2023 (GLOBE NEWSWIRE) — أعلنت اليوم Xage Security، شركة الأمن السيبراني بنهج “الثقة المعدومة” في العالم الواقعي، أن شركة Kinder Morgan, Inc. (بورصة نيويورك: KMI) قد اختارت منتجات Xage لأمن البيانات وحماية الوصول بنموذج “الثقة المعدومة” من أجل تحسين مرونة البنية التحتية الحيوية. بالتعاون مع Xage، سيعمل فريق من الخبراء المتمرسين لدى KMI في مجال تقوية الأمن السيبراني والامتثال التنظيمي للبنية التحتية لتكنولوجيا المعلومات والتكنولوجيا التشغيلية (OT).

تمثل KMI واحدة من كبرى شركات البنية التحتية للطاقة في أمريكا الشمالية، فهي تدير أو تمتلك مصالح في 82,000 ميل تقريبًا من خطوط الأنابيب التي تنقل 40% من الغاز الطبيعي في الولايات المتحدة، إلى جانب 140 محطة لتخزين ومناولة الوقود المتجدد والمنتجات البترولية والزيوت النباتية وغيرها من المواد.

قال Mark Huse، مدير لتكنولوجيا المعلومات في KMI “إننا نعتمد على الحلول التي تقدمها Xage Security لحماية وتأمين البنية التحتية الحيوية لدينا”. كما ذكر “تقدم لنا Xage نهجًا مبتكرًا لتقوية الأمن السيبراني للبنية التحتية لتكنولوجيا المعلومات IT والتكنولوجيا التشغيلية OT، وتساعدنا على استيفاء المتطلبات التنظيمية”.

إن منصة Xage Fabric تحمي كل عنصر في العملية، سواءً كان جديدًا أو قديمًا، وتؤمّن كل التعاملات التي تتم عن بُعد أو المحلية، وتتيح تقوية الأمن السيبراني القائم على نموذج “الثقة المعدومة” لتكنولوجيا المعلومات IT والتكنولوجيا التشغيلية OT والأنظمة السحابية. وبفضل إمكانات Xage Fabric الرائدة في السوق، تستطيع Xage فرض سياسة حماية الوصول والتحقق من الهوية بنموذج “الثقة المعدومة” عبر كل نظام حيوي في بيئة التكنولوجيا التشغيلية OT، وكذلك تخفيف المخاطر الناتجة عن تحميل ملفات مخترقة وإنشاء سجلات تدقيق موثوقة للتحقيق في أي حادثة أمنية.

قال Duncan Greatwood، الرئيس التنفيذي لشركة Xage “تمثل شركة Kinder Morgan جزءًا بالغ الأهمية من قطاع الطاقة في البلاد، ونحييها على إعطاء الأولوية لتقوية الأمن السيبراني لبنيتها التحتية في تكنولوجيا المعلومات IT والتكنولوجيا التشغيلية OT”. وقال “لتحقيق هذا الهدف، تتشرف Xage بالعمل مع فريق KMI في رحلتها لتعزيز استراتيجية مرونة البنية التحتية الحيوية. بالتعاون مع Xage، يمكن لشركة KMI دعم أولويات التكنولوجيا التشغيلية مثل التحكم في الوصول ومدى توافر الخدمات، مع حماية أمن البنية التحتية المعقدة”.

لمعرفة المزيد عن حزمة حلول Xage بنموذج “الثقة المعدومة” للبنية التحتية الحيوية، يرجى زيارة xage.com وxage.com/case-studies/ للاطلاع على دراسة حالة شركة Kinder Morgan. ولمعرفة المزيد عن KMI، يرجى زيارة kindermorgan.com.

نبذة عن Xage Security
Xage هي الشركة الأولى والوحيدة التي تتبع نهج “الثقة المعدومة” للأنظمة الأمنية. تعمل حلول وخدمات Xage على تسريع وتبسيط طريقة المؤسسات في تأمين وإدارة ونقل العمليات الرقمية في جميع أنظمة تكنولوجيا التشغيل OT وتكنولوجيا المعلومات IT والأنظمة السحابية. تتضمن منتجات Xage إدارة الهوية وإمكانية الوصول (IAM)، والتحكم في الوصول عن بُعد، وتأمين البيانات الديناميكية؛ كل ذلك مدعومًا بمنصة Xage Fabric. تقدم Xage أيضًا خدمات الأمن السيبراني التي توفر خدمات متخصصة للتصميم والتنفيذ والدعم، من أجل تسريع اعتماد نظام الدفاع السيبراني الاستباقي وتعزيز التحول الرقمي الآمن.

التواصل الإعلامي
Veronica Polivanaya
[email protected]

GlobeNewswire Distribution ID 3504435

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Signature Bank Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in First Filed Securities Class Action Initiated by the Firm – SBNY, SBNYP

NEW YORK, March 14, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Signature Bank (NASDAQ: SBNY, SBNYP) between March 2, 2023 and March 12, 2023, both dates inclusive (the “Class Period”). The class includes those who purchased Signature Bank call options and/or sold put options during the Class Period. A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2023.

SO WHAT: If you purchased Signature Bank securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Signature Bank class action, go to https://rosenlegal.com/submit-form/?case_id=12988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) Signature Bank did not have the strong fundamentals that it represented itself as having in the days immediately prior to its takeover, or otherwise took action that left it susceptible to a takeover by the New York Department of Financial Services (“DFS”); (2) as a result, it became a target for regulatory action by the DFS, and (3) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Signature Bank class action, go to https://rosenlegal.com/submit-form/?case_id=12988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

       Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 8788118

Egypt’s economy expected to grow 4.2 percent in FY 2022-23: Planning min

Egypt’s economy is expected to grow – according to initial estimates – by 4.2 percent during the first half of FY 2022-2023, said Planning and Economic Development Minister Hala el Said.

Despite the far-reaching impacts of Russia-Ukraine war, the national economy is expected to attain an overall growth of about 4.2 percent by the end of FY 2022-2023, added the minister during a Cabinet meeting held on Tuesday 14/3/2023 under Prime Minister Moustafa Madbouli.

During the meeting, the economic development minister also gave an overview of Egypt’s economic performance indicators during the second quarter of FY 2022-2023.

According to the initial estimates, Egypt’s economy is expected to attain growth during the second quarter of the current fiscal year, said the minister.

The minister, meanwhile, said that several economic sectors saw improvement in growth rates in the second quarter of FY 2022-2023.

She indicated that global trade activity declined during 2022 to 5.4 percent, with expectations that it would reach 2.4 percent during the current year.

The reasons for this slowdown are attributed to the repercussions of the Russian-Ukrainian crisis, but at the same time there are expectations for an increase in global trade activity to 3.4 percent in 2024, according to her.

Source: State Information Service Egypt