ZBOM 2024 Global New Product & Global Strategy Launch Event Was Successfully Held

BANGKOK, Nov. 8, 2023 /Xinhua-AsiaNet/– Chase in the International Market and Show China’s Strength On November 6, 2023, ZBOM, a leading brand in China’s customized home  furnishing industry, held the 2024 Global New Product and Global Strategy Launch Event in Bangkok, Thailand, fully starting ZBOM brand’s new journey of entering the global market. The theme […]

BANGKOK, Nov. 8, 2023 /Xinhua-AsiaNet/–

Chase in the International Market and Show China’s Strength

On November 6, 2023, ZBOM, a leading brand in China’s customized home  furnishing industry, held the 2024 Global New Product and Global Strategy Launch Event in Bangkok, Thailand, fully starting ZBOM brand’s new journey of entering the global market.

ZBOM

The theme of event was “BETTER HOME BETTER LIFE”. Relevant leaders from the Chinese Embassy in Thailand, professional architect and professors of Politecnico di Milano, leaders of ZBOM, representatives from the agency of ZBOM in Thailand, and representatives of international strategic partners were invited to attend the event, discussing ZBOM’s global development strategy and communicating about the ways for Chinese brands to go overseas.

The 2024 ZBOM’s new global products — “ISOLA COMACINA II” and “Masterpiece” were released. ZBOM also joined hands with representatives of strategic partners from the IUR circles to launch the “ZBOM HOME+ Global Development Plan” at the event, officially kicking off the exciting start of the ZBOM brand’s journey overseas.

Official launch of ZBOM HOME+ Global Development Plan

Zhang Xiaoxiao, Counsellor of the Economic and Commercial Office of the Embassy of People’s Republic of China in the Kingdom of Thailand, said in her speech that, “Chinese enterprises actively go overseas and participate in global economic cooperation, which not only reflects the rise of the Chinese economy, but also makes important contributions to the prosperity and development of the global economy.” Also, she acknowledged ZBOM’s global strategic layout and had high expectations on Chinese brands going overseas with high quality.

From “ZBOM Home” to “ZBOM Brand”, from “Product Export” to “Brand Going

Overseas”, as a representative global home furnishing brand, ZBOM is keeping up with the times and continuously innovating development models. Xu Bangshun, founder and president of ZBOM, stated that the further development of the international retail market and overseas engineering project business have become the two horse-drawn carriages driving ZBOM’s global strategy. In the future, ZBOM will invest more resources to carry out systematic layout in key countries and regions, keep global business expansion, and create a better home and a better life for global users based on ZBOM’s leading one-stop home solutions, high-quality products and services.

Source: ZBOM

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Bombardier Brings Global 7500 and Challenger 3500 Business Jets to Dubai Air Show 2023, Showcases Defense Capabilities

Showstoppers Global 7500 and Challenger 3500 aircraft on display present outstanding performance attributes, technological advancements, sustainability aspects and exceptional, pristine cabins for maximum productivity and comfort On-site Bombardier Defense and Bombardier leadership presence reveals the expansive aircraft capabilities of our highly specialized business jets Exclusive customer visits of Global 7500 and Challenger 3500 aircraft available […]

  • Showstoppers Global 7500 and Challenger 3500 aircraft on display present outstanding performance attributes, technological advancements, sustainability aspects and exceptional, pristine cabins for maximum productivity and comfort
  • On-site Bombardier Defense and Bombardier leadership presence reveals the expansive aircraft capabilities of our highly specialized business jets
  • Exclusive customer visits of Global 7500 and Challenger 3500 aircraft available by appointment

MONTRÉAL, Nov. 08, 2023 (GLOBE NEWSWIRE) — Bombardier today announced that its industry-leading Global 7500 and Challenger 3500 aircraft will be on display during the Dubai Air Show Nov. 13-17 in Dubai, UAE revealing the uncompromising attributes of these impressive business jets. Bombardier is also pleased to share that it will have a strong presence on site, with dedicated sales teams from business aircraft and Bombardier Defense.

“We are pleased to be bringing the uncompromising Challenger 3500 and Global 7500 aircraft to the Dubai Air Show this year, celebrating the Global 7500’s recent 150th built aircraft and impressive new speed records*,” said Éric Martel, Bombardier’s President and Chief Executive Officer. “The Middle East is an important market for Bombardier both for business jet customers as well as growing defense business. The Bombardier team on site will proudly showcase our impressive defense capabilities and the many multi-mission solutions we can flexibly tailor. We also look forward to showcasing our Challenger and Global platforms to business jets customers, who will benefit from our aircraft cutting-edge innovation, cabin design, performance, reliability and smooth ride.”

With a top speed of Mach 0.925 and a range of 7,700 nautical miles (14,260 km), the Global 7500 aircraft possess unmatched performance capabilities, boasts the smoothest ride in the skies and has transformed the industry with its refined, luxurious cabin.

Like the Global 7500, Bombardier’s Challenger aircraft possess industry-leading attributes that set it apart from its competition. Bombardier’s Challenger 3500 aircraft combines a world-class interior design with the ultimate value proposition. It boasts the widest in-class cabin and lowest direct operating costs in its class, making this business aircraft a consistent winning option with customers.

The Defense sales team will also be on hand to highlight Bombardier’s portfolio of proven and versatile aircraft platforms, including the Global 6500 jet. Bombardier Defense has more than 500 specialized business aircraft in-service worldwide with more than 3 million fleet hours and some 160 operators in more than 50 countries. The Challenger and Global aircraft families provide the ideal solution for urgent humanitarian assistance, VIP transportation, Maritime Patrol, Electronic Warfare, Search and Rescue and more. For customers or media interested in exploring the aircraft on display, visits are available by appointment.

About Bombardier

Bombardier (BBD-B.TO) is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets. Bombardier’s Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance, and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft are also trusted around the world in government and military special-mission roles leveraging Bombardier Defense’s proven expertise.

Headquartered in Greater Montréal, Québec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company’s robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and Australia.

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s plans to cover all its flight operations with Sustainable Aviation Fuel (SAF) utilizing the Book and Claim system visit bombardier.com. Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on Twitter @Bombardier.

Bombardier, Bombardier Global, Global 6500, Global 7500, Challenger and Challenger 3500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

*All records are pending final approval by the National Aeronautic Association (NAA)

For Information
Matthew Nicholls
Bombardier
+ 1 514-243-8214
matthew.nicholls@aero.bombardier.com

GlobeNewswire Distribution ID 8974581

JETEX & SHELL AVIATION SIGN AGREEMENT FOR SAF SUPPLY TO PRIVATE AVIATION

Jetex and Shell Aviation bring sustainable aviation fuel (SAF) to the flagship private terminal in Dubai. Dubai, United Arab Emirates, Nov. 08, 2023 (GLOBE NEWSWIRE) — Jetex, a global leader in executive aviation, is the first to offer SAF to customers in the United Arab Emirates. Building on the success of supplying SAF at selected […]

Jetex and Shell Aviation bring sustainable aviation fuel (SAF) to the flagship private terminal in Dubai.

Dubai, United Arab Emirates, Nov. 08, 2023 (GLOBE NEWSWIRE) — Jetex, a global leader in executive aviation, is the first to offer SAF to customers in the United Arab Emirates. Building on the success of supplying SAF at selected locations in Europe, Jetex will now offer aircraft operators and private owners the possibility of significantly reducing emissions whenever they operate flights from its flagship private terminal in Dubai.

“Bringing SAF to the United Arab Emirates is a milestone achievement, and today I am pleased that we finally can offer this type of aircraft fuel to our customers in Dubai in partnership with Shell Aviation. It is even more important in light of 2023 being announced as the Year of Sustainability in the UAE as it cements our  ambition to reduce carbon emissions”, said Adel Mardini, Founder & CEO of Jetex.

As a safe and fully certified drop-in fuel compatible with existing aircraft fleet and airport infrastructure, SAF can be blended with conventional jet fuel at a ratio of up to 50%, creating an aviation fuel that is significantly lower in lifecycle carbon emissions. In its neat form, SAF can reduce lifecycle emissions by up to 80% compared to conventional jet fuel.

Doris Tan, General Manager Asia and Middle East, Shell Aviation, said: “To reduce emissions from flying, all parts of the aviation value chain need to play their part. This is particularly crucial for private business customers as they can create a concentrated, high-impact demand for SAF. Additionally, expanding the availability of SAF to new locations is equally important, which is why it’s been highly rewarding to work with Jetex to enhance our SAF capabilities in the Middle East by delivering SAF at DWC for the first time.”

Jetex’s environment strategy focuses on reducing carbon emissions, recycling and adapting the latest green technologies across its global network. The company’s efforts are aligned with IATA’s commitment to fly net zero by 2050 and achieving this requires a combination of maximum elimination of emissions at the source, offsetting and carbon capture technologies.

It is vital for the future of aviation to continue to address climate change and Jetex remains focused on playing its part to reduce the impact on the planet.

About Jetex:

An award-winning global leader in executive aviation, Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit jetex.com and follow us on Instagram, Twitter, Facebook and LinkedIn.

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Oleg Kafarov - Vice President of Brand & Corporate Communications
Jetex
+971 4 212 4900
teamorange@jetex.com

GlobeNewswire Distribution ID 8975124

Nyxoah to Participate in the Jefferies London Healthcare Conference

Mont-Saint-Guibert, Belgium – November 7, 2023, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company will participate in the Jefferies London Healthcare Conference, which takes […]

Mont-Saint-Guibert, Belgium – November 7, 2023, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company will participate in the Jefferies London Healthcare Conference, which takes place November 14 – 16, 2023 in London.

Olivier Taelman, Nyxoah’s Chief Executive Officer, will deliver a corporate update on Wednesday, November 15, 2023, at 5:00pm GMT. A webcast of the presentation will be available on the Events section of Nyxoah’s Investor Relations website. The Company will also be available for 1×1 meetings with institutional investors attending the event.

Nyxoah’s Investor Presentation can be accessed on the Shareholder Information section of the Company’s Investor Relations page.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Contact:
Nyxoah
David DeMartino, Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

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RDA to Take Action Against Dozens of Housing Societies That Lack One Feature

The Director General of Rawalpindi Development Authority (RDA) has been directed to serve show-cause notices to housing societies under their control.The directives were issued by Commissioner Rawalpindi, Liaqat Ali Chatha. Show-cause notices will be …

The Director General of Rawalpindi Development Authority (RDA) has been directed to serve show-cause notices to housing societies under their control.

The directives were issued by Commissioner Rawalpindi, Liaqat Ali Chatha. Show-cause notices will be served to societies that lack designated dumping sites.

They will be asked to explain their alternative arrangements for managing their waste.

Furthermore, the Rawalpindi Waste Management Company (RWMC) has been ordered to sign a contract with approximately 74 housing societies in the division, to ensure they properly dispose their waste at the Losar landfill site.

Such housing societies have been warned that failure to comply with the orders will result in the cancellation of their registrations.

Additionally, the RWMC has been tasked with locating another suitable landfill site for the construction of an additional transfer station.

Recently, the Joint Task Force of District Administration, Rawalpindi Development Authority (RDA), with assistance from local police destroyed different constructions of unauthorized housing schemes such as Qaswa Town in Mauza Thoha Khalsa and Tehsil Kallar Syedan.

The Director General RDA reiterated his commitment to take strict action against all illegal housing societies without any discrimination.

Source: Pro Pakistani

Philip Morris Pakistan Appoints Sarfaraz Ahmed As Board Chairman

Philip Morris Pakistan Limited (PMPKL) has announced the appointment of Sarfaraz Ahmed Rehman as the new Chairman of the Board.Rehman’s career spans various sectors, with key roles at Unilever, GSK, Jardine Matheson/Olayan JV, and PepsiCo, where he se…

Philip Morris Pakistan Limited (PMPKL) has announced the appointment of Sarfaraz Ahmed Rehman as the new Chairman of the Board.

Rehman’s career spans various sectors, with key roles at Unilever, GSK, Jardine Matheson/Olayan JV, and PepsiCo, where he served as Country Manager for Pakistan and Afghanistan.

Notably, he led Engro Foods as CEO, earning the company the G20 Global Top 15 Companies award. His return to Engro Foods in 2015 culminated in the sale of a 51% stake to Royal FrieslandCampina, marking a historic investment in Pakistan.

“In welcoming Mr. Sarfaraz Ahmed Rehman as Chairman of the Board, we gain a visionary leader with a rich and diverse background that aligns perfectly with our commitment towards a sustainable future. His impressive track record in driving transformative change will be instrumental as we advance on our journey,” said Roman Yazbeck, Managing Director of PMI.

Rehman expressed his enthusiasm, stating, “As I take on the role of Chairman of the Board at Philip Morris Pakistan Limited, I am honored to be a part of an organization committed to transforming for a sustainable future. The journey ahead is not only exciting but also holds the promise of contributing positively to its consumers. I look forward to the challenges and opportunities that lie ahead, and I’m dedicated to driving PMPKL’s vision and mission”.

In his most recent role at Fauji Fertilizer Company (FFC) in 2021, Rehman steered the company toward a dynamic future, making his appointment as Chairman of the Board a significant milestone in PMPKL’s ongoing commitment to providing better choices and driving the transformation journey.

Source: Pro Pakistani

SECP Proposes Issuance of Subordinated Debt by Insurance Companies

The Securities and Exchange Commission of Pakistan (SECP) has proposed the issuance of subordinated debt by insurance companies to significantly support the development of the corporate debt market of Pakistan.According to a document of the SECP on “s…

The Securities and Exchange Commission of Pakistan (SECP) has proposed the issuance of subordinated debt by insurance companies to significantly support the development of the corporate debt market of Pakistan.

According to a document of the SECP on “subordinated debt securities,” the subordinated debt as a new instrument would attract a broader range of investors.

The SECP said that investing in insurance subordinated debt is an interesting opportunity because it allows the possibility to invest in a sector that has some external supervision, which is not the case for most non-financial corporates. Additionally, subordinated debt’s distinct risk profile offers investors more options, contributing to a more mature market. This also encourages conservative investors to participate, providing a crucial risk buffer. Moreover, the pricing of subordinated debt sets a benchmark for riskier assets, establishing clearer pricing standards for various debt instruments.

It is important to note that the specific investors in subordinated debt can vary depending on the issuer, the terms of the security, the prevailing interest rates, and market conditions. Additionally, regulatory requirements and investor preferences can influence the composition of investors in subordinated debt of banks and insurers

At present, insurance companies in Pakistan are not involved in the issuance of debt securities, especially subordinated debt securities, one potential reason is the lack of benefits in the existing solvency regime. The proposed subordinated debt framework has been thoughtfully designed to offer insurance companies several advantages, including the ability to maintain solvency margins, engage in cost-effective capital raising, enhance creditworthiness, and provide the capacity to absorb risks during financial stress.

Moreover, the issuance of subordinated debt by insurance companies has the potential to play a pivotal role in the growth of the corporate debt market in Pakistan, with insurance companies emerging as new players in the domain of debt instrument issuance, SECP said.

The SECP stated that the issuance of subordinated debt securities represents a strategic financial move that empowers insurance companies to enhance their financial standing and actively pursue growth opportunities while adeptly managing risks as well as the applicable solvency requirements. Issuance of subordinated debt can play a pivotal role in elevating the overall stability and competitiveness of insurance entities in the market.

Under the current solvency requirements applicable to insurers in Pakistan, no allowance and/or benefit is available against any subordinated debt issued by an insurer. This may be one reason why insurance companies have not ventured into the issuance of subordinated debt, since it would be considered as a normal debt liability and no benefit is allowed, in respect of its subordination and loss-absorbing capacity, in maintaining required solvency margins.

The issuance of subordinated debt by insurance companies can bring about financial stability, enhance their risk management capabilities, and provide insurance companies with an alternative source of capital, whilst focusing on meeting solvency requirements effectively. Further, the SECP aims to propose a regulatory way forward to allow insurance companies to leverage the subordinated debt to meet their solvency requirements effectively.

The universe of international subordinated financial debt is growing and now has a market cap in excess of $1 trillion split between banks ($700 billion), insurance ($250 billion), and corporates ($120 billion). As of March 31, 2022, insurance companies operating in India had raised a total of INR 9,345 crores (life insurers: INR 4,194 crores; Non-Life and Health: INR 5,151 crores) as other forms of capital i.e. including subordinated debt and preference shares.

The SECP is of the view that in line with the prevalent practices in international jurisdictions as well as the guidance available in the ICPs of IAIS, the insurance industry in Pakistan should also reap the benefits of having subordinated debt in the computation of solvency.

Source: Pro Pakistani

Pakistan Football Federation Set to Upgrade Iconic Stadium in Karachi to Host Football Matches

The chairperson of the Pakistan Football Federation (PFF) Normalization Committee (NC) Haroon Malik has shown an interest in Karachi being one of the major cities where the Pakistan football team can play their upcoming home matches.While conversing i…

The chairperson of the Pakistan Football Federation (PFF) Normalization Committee (NC) Haroon Malik has shown an interest in Karachi being one of the major cities where the Pakistan football team can play their upcoming home matches.

While conversing in the ProSports podcast, Malik confessed that People’s Football Stadium in Lyari, Karachi is his favorite.

In a recent interview, Malik stated, “People’s Stadium is a great facility which should host international matches if proper investment is made. Three to four things need to be fixed at the stadium which includes ground and seats. Within 6-8 months international football can return to Karachi.”

Pakistan hosted its first international football match last month as they hosted Cambodia in the first round of FIFA World Cup qualifiers in Jinnah Stadium Islamabad. The match was hosted at 2 pm on a weekday which caused some concern to the football fans in the country. Rather they want the matches to be held after office hours so they can come in soaring numbers.

Talking about Jinnah Stadium in Islamabad, Haroon Malik said, “Jinnah Stadium’s lights are 350 lumens, but the international requirement is 1800. We have requested the Pakistan Sports Board, who have worked really hard to improve the facility, to upgrade the lights so that we can host night matches.”

Saudi Arabia is set to host Pakistan’s national football team at Damman Stadium on 16th November 2023 for their home leg of the 2026 FIFA World Cup Qualifiers 2nd Round. Pakistan will then return home to face Tajikistan at Jinnah Stadium, Islamabad on 21st November 2023.

Pakistan made history on 17th October 2023 when they defeated Cambodia 1-0 and qualified for the 2nd round of FIFA World Cup qualifiers for the first time in its 76 years of history.

You can watch the full ProSports podcast here:

Source: Pro Pakistani

Islamabad United Tease Fans With Announcement of New Coach Ahead of PSL 9

Two-time Pakistan Super League (PSL) champions Islamabad United have decided to bring in a new head coach at the helm of affairs.Through a post on social networking platform ‘X’ (formerly Twitter) Islamabad United announced that the franchise will acq…

Two-time Pakistan Super League (PSL) champions Islamabad United have decided to bring in a new head coach at the helm of affairs.

Through a post on social networking platform ‘X’ (formerly Twitter) Islamabad United announced that the franchise will acquire the services of a new head coach after it was coached by fast bowling all-rounder Azhar Mehmood in the previous season.

The winner of the first and third seasons of PSL had a dismal outing last time around. They were shown the door in the first Eliminator, which means that they finished 4th out of six teams. Islamabad United is the first of only two teams to have won PSL twice; reigning champions Lahore Qalandars being the other one.

Other than the head coach, there are some new faces in the management as well.

Ex-managers Rehan-ul-Haq and Hassan Cheema have assumed roles in different capacities in the Pakistan Cricket Board (PCB) which made United opt for the services of Harris Jamil Mir as the General Manager MandC.

The PSL draft is set to take place in December 2023, with an exact date yet to be announced.

Like previous seasons, the tournament will commence in February, but it is yet to be decided whether the competition will be held in Pakistan due to the announcement of General Elections in the entire country on 8th February 2024.

Source: Pro Pakistani