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GBCI 2024: Turkey remains the most complex Middle Eastern country in which to do business for the second year running

LONDON, June 05, 2024 (GLOBE NEWSWIRE) — TMF Group, a leading provider of compliance and administrative services, has today launched the 11th edition of the Global Business Complexity Index (GBCI). Based on 292 key business indicators across 79 jurisdictions, this report provides an overview of the challenges investors face when operating businesses around the world.

Within the Middle East, Turkey tops the rankings as the most complex country in the region in which to do business, coming in at 6th in the global standings. The country’s frequent tax law changes, elaborate document submission processes and new capital requirements for specific sectors contribute to its complexity level. Government VAT exemptions are also often left unutilised by business owners due to a complex bureaucratic process.

Across the rest of the region, Egypt (ranked 28th) has introduced golden licenses to reduce differing approval requirements., while Saudi Arabia, a new entry in this year’s GBCI, ranks at 37th. Meanwhile, the United Arab Emirates (UAE) has dropped from 53rd to 40th in this year’s standings, but remains a significant trading, tourism and financial hub within the region.

TMF Group’s Market Head of Middle East & Africa, Stewart Adams said:

“The business landscape in this particular region is quite dynamic and overall, positive. We are seeing economic diversification, increasing investments, and growing relations among the jurisdictions. However, there will still be challenges to be faced by investors due to geopolitical instability and regulatory barriers, so a nuanced understanding of this business environment is very much needed.”

Top and bottom ten (1= most complex, 79= least complex)

1 Greece 70 Jamaica
2 France 71 British Virgin Islands (BVI)
3 Colombia 72 Jersey
4 Mexico 73 United Kingdom
5 Bolivia 74 The Netherlands
6 Turkey 75 New Zealand
7 Brazil 76 Hong Kong, SAR
8 Italy 77 Denmark
9 Peru 78 Curaçao
10 Kazakhstan 79 Cayman Island

Media Contacts

TMF Group:
Giampaolo Arghittu
giampaolo.arghittu@tmf–group.com

Zulfadhli Ibrahim
zulfadhli.ibrahim@tmf–group.com


GLOBENEWSWIRE (Distribution ID 1000964590)

eXp Realty Enhances International Connections with Global Agent Referral Platform

BELLINGHAM, Wash., June 05, 2024 (GLOBE NEWSWIRE) — eXp Realty®, the largest real estate brokerage on the planet and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), is proud to announce the launch of its Global Agent Referral Platform, designed to simplify and accelerate the real estate referral process. This innovative tool empowers its agents worldwide to effortlessly connect and collaborate, contributing to a robust and interconnected global marketplace

With a user–friendly platform and seamless search functionality, eXp’s Global Agent Referral Platform streamlines the entire process, reducing referral times to a matter of seconds. eXp Realty agents can complete a simple form, select a preferred referral partner from anywhere in the world, and electronically sign the agreement — all within one centralized location.

“At eXp, we understand that potential buyers are just as easily found in a seller’s hometown as they are in another country,” said Leo Pareja, CEO, eXp Realty. “With the launch of the Global Agent Referral Network, we are leveraging the depth and power of our worldwide network of more than 85,000 agents across 24 countries and revolutionizing how agents connect and collaborate, paving the way for smoother transactions and enhanced client experiences. We remain focused on building industry–leading resources by providing agents unparalleled access to advanced tools for expanding their businesses globally.”

The introduction of the Global Agent Referral Platform underscores eXp Realty’s commitment to fostering global innovation and growth. This cutting–edge tool not only enhances the efficiency of referral processes but also opens new avenues for agents to expand their reach and tap into international markets. By fostering a more interconnected global network, eXp Realty is setting a new standard in the real estate industry, ensuring that its agents are well–equipped to meet the diverse needs of clients around the world.

In addition to its technological advancements, eXp Realty continues to prioritize agent education and support. The company regularly offers training sessions and resources to help agents maximize the potential of the Global Agent Referral Platform. This holistic approach ensures that eXp agents are not only connected but also proficient in using the latest tools to deliver exceptional service to their clients.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 85,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud–based brokerage is powered by FrameVR.io, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward–looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. These statements include, but are not limited to, expectations related to referral and incentive programs. Such forward–looking statements speak only as of the date hereof, and the Company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward–looking statements include the Company’s ability to implement its strategic initiatives and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10–Q and Annual Report on Form 10–K.

Media Relations Contact:

eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia
investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b31bbaa–2484–45bf–9ee3–ff8483784355


GLOBENEWSWIRE (Distribution ID 9148732)

Surge in Foreign Interest in Chinese Investments: EBC Financial Group (UK) Ltd CEO David Barrett Shares Insights with Yi Cai

LONDON, June 05, 2024 (GLOBE NEWSWIRE) — David Barrett, CEO of EBC Financial Group (UK) Ltd, recently shared his insights on the burgeoning interest in Chinese investments during an in–depth interview with Yi Cai. Barrett explored the factors driving major investors toward Chinese markets and offered his outlook on the future of these investments.

Surge in Foreign Interest

In recent months, there has been a notable increase in foreign interest in Chinese stocks, driven by high–profile investors. Michael Burry, well–known for his predictions during 'The Big Short,' has significantly raised his investments in JD.com and Alibaba. Similarly, David Tepper's hedge fund has heavily invested in technology and Chinese markets. This growing interest is reflected in the performance of the Nasdaq Golden Dragon China Index, which surged by 14.86% from April 22 to May 3, achieving its largest two–week gain since January 2023. On May 16, the Index closed up by 2.49%, marking its highest level since September 2023.

Barrett attributes this renewed interest to the relative value Chinese markets offer. “Chinese indexes have struggled since the property–led bust in 2021, causing a significant dip in foreign direct investment and domestic confidence. However, this has led to extreme pricing discrepancies, making Chinese stocks an attractive option for value–focused investors,” Barrett explained. “Investors like Burry and Tepper are known for their strategic focus on high–concentration portfolios, and their significant investments in Chinese companies signal strong confidence in the potential upside of these markets.”

Future Prospects of Chinese Investments

Looking ahead, Barrett remains optimistic about the continued growth of Chinese markets. “There are several indicators suggesting that the Chinese government is taking effective measures to stimulate economic growth and restore market confidence,” Barrett noted. “Efforts to support vulnerable areas of the economy, encourage domestic investments, and stabilize the financial landscape are beginning to show positive results.”

He emphasized the crucial role of domestic policy in sustaining this growth. “Policies aimed at reducing property–related risks, supporting the semiconductor industry, and encouraging state–owned enterprises to strengthen their financial positions are essential. Additionally, initiatives to increase dividend payouts among Chinese companies are likely to attract more foreign investors seeking yield in a higher interest rate environment.”

Promising Sectors and Global Asset Allocation

Barrett highlighted the technology sector as a key area for investment within the A–share and Hong Kong stock markets. “Chinese tech companies are at the forefront of innovation, and with substantial government backing, they are well–positioned to navigate global challenges,” Barrett asserted. “For instance, if China faces headwinds in purchasing semiconductors, they have the capability to develop their own. Given the impressive profit margins seen in companies like NVIDIA, there is a strong incentive for Chinese firms to produce competitive, lower–cost chips. With significant government support and investment, the resilience and growth potential in this sector are considerable.”

He also identified the electric vehicle (EV) industry as a promising sector. “EVs as a topic has been grabbing a lot of column inches of late,” Barrett observed. “However, it's uncertain how well Western brands will perform in mainland China, and vice versa, how Chinese brands will fare in the global market. Despite these challenges, Chinese tech remains on the cutting edge, and any progress, especially amid geopolitical tensions, will likely bolster domestic investment. This increased focus on local innovation and development will enhance the industry's growth prospects.”

From a global perspective, Barrett advises a diversified asset allocation strategy, cautioning against overreliance on US stocks. “While US markets have experienced substantial growth, it is crucial to consider opportunities elsewhere, such as in China, where valuations are compelling,” he explained. “Given the recent run–up in US stocks, there is a need to be cautious and diversify. Commodities like gold remain attractive as a store of value and a hedge against economic and geopolitical uncertainties. As central banks continue to manage liquidity and interest rates, maintaining a balanced portfolio that includes undervalued international assets and tangible commodities could provide stability and growth potential.”

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. With offices strategically located in prominent financial centres, such as London, Sydney, Hong Kong, Tokyo, Singapore, the Cayman Islands, Bangkok, Limassol, and more, EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the highest levels of ethical standards and international regulation. EBC Financial Group (UK) Limited is regulated by the UK's Financial Conduct Authority (FCA), EBC Financial Group (Australia) Pty Ltd is regulated by Australia's Securities and Investments Commission (ASIC), and EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the 'What Economists Really Do' public engagement series by Oxford University's Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

https://www.ebc.com/

Media Contact:
Douglas Chew
Global Public Relations Manager
douglas.chew@ebc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3aa64669–3156–4706–9f8f–ec183555c184


GLOBENEWSWIRE (Distribution ID 9149086)

SEALSQ, WISeKey and The Hashgraph Association Join Forces to Bring Secure IoT and DePIN solutions to Saudi Arabia

Geneva, Switzerland / Riyadh, Saudi Arabia – June 5, 2024 – SEALSQ Corp (“SEALSQ” or “Company”) (NASDAQ: LAES), a company that focuses on developing and selling Semiconductors, PKI and Post–Quantum technology hardware and software products, and its parent company, WISeKey, SIX: WIHN; Nasdaq: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions, announced their partnership with The Hashgraph Association, a Swiss–based association and leader in digital innovation and DLT solutions through the Hedera network, to spearhead the implementation of Internet of Things and DePin (Decentralized Physical Infrastructure network) solutions in the Kingdom of Saudi Arabia in line with Saudi Arabia’s Vision 2030. Vision 2030 aims to establish a sophisticated digital infrastructure for the kingdom and enhance economic competitiveness.

The Hashgraph Association, who recently announced the launching of a $250 million Deep Tech Studio with the Saudi Ministry of Investment, aimed at developing technological solutions, including blockchain and artificial intelligence, for local businesses in Saudi Arabia, will work closely with WISeKey and its partners in Saudi Arabia (E.A. Juffali & Brothers Group) to offer a robust decentralized ledger technology that will enhance the security and efficiencies of IoT, Blockchain, and DePIN applications and solutions across Saudi Arabia and MENA region.

WISeKey, has been present in KSA since 2020 through its joint venture WISeKey Arabia, with Saudi Advanced Technologies Company Ltd (SAT), a wholly–owned subsidiary of Juffali Group.

Kamal Youssefi, President of The Hashgraph Association, added, “As part of our mission to accelerate the adoption of emerging technologies which include DLT technology such as Hedera globally and in the MENA region, we are pleased to support the growth of DePIN solutions which offer a secure, transparent, cutting–edge digital infrastructure needed for future of digital economies in the region.”

Carlos Moreira, CEO and Chairman of SEALSQ stated, “We are pleased to be working with two major industry leaders in Saudi Arabia to develop secure IoT, and DePIN solutions for retail, financial, smart cities, healthcare, industrial, transportation and other sectors. We are now able to offer a full 360–degree solution that includes cybersecurity, Blockchain, IoT infrastructure needed for Saudi Vision 2030 digitization aims as well as those of the MENA region in general.”

The Kingdom’s IoT and M2M Communication market, currently encompassing 65% of the cybersecurity and IoT market of the Gulf region, was estimated to reach $16 billion in 2019, up from approximately $4.9 billion in 2014, and is expected to continue its rapid growth over the next decade, supported by Saudi Arabia’s Vision 2030 economic reform plan.

DePIN, or Decentralized Physical Infrastructure Networks, refers to the integration of decentralized technologies, such as blockchain and IoT, to create a more secure, transparent, and efficient infrastructure network. By leveraging Hedera’s decentralized ledger technology, the cooperation will enhance the security and reliability of physical infrastructure networks, making them more resilient to cyber threats and more efficient in their operations.

SEALSQ, a subsidiary of WISeKey, and a leader in semiconductors, PKI, and Post–Quantum technology had previously announced a significant initiative to establish an Open Semiconductors Assembly and Test (OSAT) Center in Saudi Arabia.  OSAT is designed to offer a comprehensive array of testing services, including wafer and final tests, as well as assembly services for various semiconductor packages such as QFN, BGA, WLCSP, and others. This initiative is a key component of a larger strategy aimed at developing Semiconductor Personalization Centers through Public–Private Partnerships (PPP).  

SEALSQ is currently in active discussions to launch three major projects across Europe, the Middle East, and the Far East. These OSAT centers will employ RISC–V technology for chip design, focusing on local manufacturing to meet the highest standards of security and certification from authoritative bodies like Common Criteria and NIST.

About SEALSQ
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post–Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi–Factor Authentication tokens, Smart Energy, Smart Home Appliances, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.
Post–Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks.
For more information, please visit www.sealsq.com

About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss–based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post–quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Forward–Looking Statements
This communication expressly or implicitly contains certain forward–looking statements concerning SEALSQ Corp and its businesses. Forward–looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward–looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward–looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward–looking statements include the success and timeline of SEALCOIN's launch; the timeline for and the successful release of the Machine–to–Machine (M2M) Proof of Concept (PoC); SEAL's token Issuance and Exchange Listing before the end of 2024; SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward–looking statements contained herein as a result of new information, future events or otherwise.

About The Hashgraph Association
The Hashgraph Association is at the forefront of the digital enablement and empowerment of organizations through the broad adoption of Hedera–powered enterprise–grade solutions and decentralized applications, including funding training, innovation, and venture building programs globally. As a non–profit organization headquartered in Switzerland, The Hashgraph Association supports and funds innovation, research, and development that enables economic inclusion and a digital future for all, with a positive environmental, social, and governance (ESG) impact. For further information about The Hashgraph Association, visit www.hashgraph–association.com.

Press and Investor Contacts

 

SEALSQ Corp
Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@sealsq.com

  

SEALSQ Investor Relations (US)
The Equity Group Inc.
Lena Cati
Tel: +1 212 836–9611 / lcati@equityny.com
Katie Murphy
Tel: +212 836–9612 / kmurphy@equityny.com


GLOBENEWSWIRE (Distribution ID 1000964653)

Award-Winning Decision Intelligence Firm Quantexa Accelerates Global Momentum, Announces Strong FY24 Business Results

  • Quantexa set to achieve $100M in ARR by end of 2024, fueled by the growing Decision Intelligence Market worth *$500BN
  • New enterprise customers accounted for a 20% (+) contribution to fiscal year ARR
  • Closely coupled enterprise Data and AI strategies see Quantexa’s average contract increase 15% in blended ACV in FY24 

LONDON and NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) — Today, Quantexa, a global leader in Decision Intelligence (DI) solutions for the private and public sectors, announced its continued global business momentum and growth highlights from their 2024 fiscal year, dating from April 1st, 2023, to March 31st, 2024. With a focus on helping customers realize the benefits of practical applications of trusted data and AI, the company delivered on its goals of driving sustainable growth through increased platform and solution adoption, geographic, and industry expansion.

Founded in London in 2016, Quantexa now employs more than 700 team members globally across 15 locations. The company completed FY24 with a 40% increase in global Decision Intelligence ARR and a 120% (+) net retention rate.

2024 Fiscal Year Financial Highlights:

  • New tier 1 customers acquired across banking, insurance, telecommunications, media, technology, and the public sector, helping to accelerate Quantexa’s market expansion strategy and drive 20% (+) contribution to fiscal year ARR.
  • Over 25% of the world’s 50 largest banks have deployed Quantexa’s Decision Intelligence Platform to build a trusted data foundation and realize the benefits of operationalizing AI.
  • Decision Intelligence ARR grew more than 30% in the Americas, and >50% in Europe and the Middle East.
  • Led by a 30% increase in ARR across its Data Management and FinCrime Solution suites, the company continued driving significant YoY revenue growth with an uptick in adoption of its solution suites, helping industry leaders address specific pain points and take advantage of new revenue opportunities.
  • Successful completion of the Aylien acquisition and subsequent integration into Quantexa’s technology portfolio contributed to 16% growth in annual revenue for Quantexa’s News Intelligence offering.

2024 Notable Fiscal Year Milestones:

  • In April 2023, Quantexa announced that it had completed a $129M Series E funding round. The latest investment round secured the British tech company’s unicorn status with a valuation of $1.8BN and accelerated the execution of its growth strategy within the **$500BN DI category.
  • In July 2023, Quantexa announced that it would invest heavily in the global artificial intelligence (AI) industry over the next three years to help clients advance the use of AI to protect, optimize, and grow their organizations.
  • In November 2023, keeping Quantexa close to its customer base, the company announced the opening of its new Asia Pacific Headquarters in Singapore. The opening is part of a broader regional expansion plan and follows the July 2023 launch of Quantexa’s Japan operations in Tokyo and long–standing presence in Melbourne, Sydney, and Malaysia.
  • In January 2024, the company detailed the ROI customers receive from deploying its technology across enterprises and public sector agencies, when it published The Total Economic Impact™ of The Quantexa Decision Intelligence Platform study in conjunction with Forrester Consulting.
  • Quantexa detailed its innovation platform roadmap in support of its ambitious plan to lead the emerging Decision Intelligence category, anchored in helping enterprises and government agencies use contextual analytics and AI to improve organizational decision making.
  • In March 2024, it was announced that Quantexa’s Decision Intelligence Platform will be adopted by the University of Liverpool’s Civic Health Innovation Labs (CHIL) and Mersey Care NHS Foundation Trust, one of the largest trusts providing physical health and mental health services in Northwest England, serving more than 1.4M people.
  • A strategic partnership with Microsoft made Quantexa’s Decision Intelligence Platform immediately available on Microsoft Azure Marketplace for financial services organizations and government agencies, the companies also announced exclusive plans to bring the platform to mid–sized banks in the United States. Quantexa is also building a Microsoft Fabric Workload experience.
  • Quantexa completed the fiscal year surpassing 750 global employees, 16k active Decision Intelligence Platform users, and a Net Retention Rate (NRR) of 120% (+).

Vishal Marria, Founder and CEO of Quantexa, said: “The acceleration of our efforts to become the world leading provider of decision intelligence technology, and delivering strong, sustainable global growth can be attributed to two things. Our ability to help customers get their data ready for AI, as well as our execution of a series of strategic investments and partnerships. This achievement underscores Quantexa's unwavering commitment to empower our customers to solve some of their toughest challenges across multiple industries in every corner of the globe.”

To learn more about how industry leaders are obtaining a 228% return on investment over 3 years with Quantexa’s Decision Intelligence Platform, download the Total Economic Impact (TEI) Study by Forrester.

*Proprietary market data obtained by Quantexa from a commissioned Gartner study.
**Includes AML, Fraud, and KYC solution suite growth.

About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa's Decision Intelligence Platform found that customers saw a three–year 228% ROI.  Founded in 2016, Quantexa now has more than 700 employees and thousands of platform users working with billions of transactions and data points across the world. 

Media Inquiries
C: Stephanie Crisp, Fight or Flight
E: Quantexa@fightorflight

OR

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com   


GLOBENEWSWIRE (Distribution ID 1000964615)

SEALSQ، WISeKey وجمعية Hashgraph تتعاون لتقديم حلول IoT وDePIN الآمنة إلى المملكة العربية السعودية

جنيف، سويسرا / الرياض، المملكة العربية السعودية – 5 يونيو 2024 – أعلنت شركة SEALSQ Corp (“SEALSQ” أو “الشركة”) (NASDAQ: LAES)، وهي شركة تركز على تطوير وبيع أشباه الموصلات ومنتجات الأجهزة والبرمجيات بتقنية PKI وما بعد الكوانتم، وشركتها الأم WISeKey (SIX: WIHN; Nasdaq: WKEY)، الرائدة العالمية في مجال الأمن السيبراني والهوية الرقمية وحلول إنترنت الأشياء (IoT)، عن شراكتها مع جمعية Hashgraph، وهي جمعية سويسرية رائدة في الابتكار الرقمي وحلول تقنية السجلات الموزعة (DLT) عبر شبكة Hedera، لتقود تنفيذ حلول إنترنت الأشياء وDePIN (شبكة البنية التحتية المادية اللامركزية) في المملكة العربية السعودية بما يتماشى مع رؤية السعودية 2030. تهدف رؤية 2030 إلى إنشاء بنية تحتية رقمية متقدمة للمملكة وتعزيز التنافسية الاقتصادية.

أعلنت جمعية Hashgraph مؤخرًا عن إطلاق استوديو التكنولوجيا العميقة بقيمة 250 مليون دولار بالتعاون مع وزارة الاستثمار السعودية، بهدف تطوير الحلول التكنولوجية، بما في ذلك تقنية البلوكشين والذكاء الاصطناعي، للشركات المحلية في السعودية. ستعمل الجمعية بشكل وثيق مع WISeKey وشركائها في السعودية (مجموعة إيه. جي. جفالي وإخوانه) لتقديم تقنية دفتر الأستاذ اللامركزي القوية التي ستعزز أمان وكفاءة تطبيقات وحلول إنترنت الأشياء والبلوكشين وDePIN في جميع أنحاء السعودية ومنطقة الشرق الأوسط وشمال أفريقيا.

لتسريع اعتماد التقنيات الناشئة التي تشمل تقنية دفاتر السجلات الموزعة (DLT) مثل هيديرا على مستوى العالم وفي منطقة الشرق الأوسط وشمال إفريقيا، يسعدنا دعم نمو حلول DePIN التي توفر بنية تحتية رقمية آمنة وشفافة ومتطورة اللازمة لمستقبل الاقتصادات الرقمية في المنطقة.”

توجد WISeKey في المملكة العربية السعودية منذ عام 2020 من خلال مشروعها المشترك WISeKey Arabia مع شركة التقنيات المتقدمة السعودية (SAT)، وهي شركة مملوكة بالكامل لمجموعة جفالي.

قال كمال يوسف، رئيس جمعية Hashgraph: “كجزء من مهمتنا لتسريع اعتماد التقنيات الناشئة، بما في ذلك تقنية DLT مثل Hedera على الصعيد العالمي وفي منطقة الشرق الأوسط وشمال أفريقيا، يسعدنا دعم نمو حلول DePIN التي تقدم بنية تحتية رقمية آمنة وشفافة ومتقدمة، وهو ما تحتاجه الاقتصادات الرقمية المستقبلية في المنطقة.”

أضاف كارلوس مورييرا، الرئيس التنفيذي ورئيس مجلس إدارة SEALSQ: “يسعدنا العمل مع اثنين من قادة الصناعة الرئيسيين في السعودية لتطوير حلول إنترنت الأشياء وDePIN الآمنة لقطاعات التجزئة والمالية والمدن الذكية والرعاية الصحية والصناعة والنقل وغيرها. نحن قادرون الآن على تقديم حل شامل يتضمن الأمن السيبراني والبلوكشين وبنية إنترنت الأشياء التحتية التي تحتاجها رؤية السعودية 2030 للتحول الرقمي وكذلك احتياجات منطقة الشرق الأوسط وشمال أفريقيا بشكل عام.”

يُقدر أن سوق إنترنت الأشياء والاتصالات بين الآلات (M2M) في المملكة، الذي يمثل حاليًا 65% من سوق الأمن السيبراني وإنترنت الأشياء في منطقة الخليج، قد وصل إلى 16 مليار دولار في عام 2019، ارتفاعًا من حوالي 4.9 مليار دولار في عام 2014، ومن المتوقع أن يستمر في نموه السريع خلال العقد المقبل، بدعم من خطة الإصلاح الاقتصادي لرؤية السعودية 2030.

تشير DePIN، أو شبكات البنية التحتية المادية اللامركزية، إلى دمج التقنيات اللامركزية مثل البلوكشين وإنترنت الأشياء لإنشاء شبكة بنية تحتية أكثر أمانًا وشفافية وكفاءة. من خلال الاستفادة من تقنية دفتر الأستاذ اللامركزي الخاصة بـ Hedera، ستعمل هذه التعاونات على تعزيز أمان وموثوقية شبكات البنية التحتية المادية، مما يجعلها أكثر مقاومة للتهديدات السيبرانية وأكثر كفاءة في عملياتها.

أعلنت SEALSQ، وهي شركة تابعة لـ WISeKey ورائدة في أشباه الموصلات وتقنية PKI وما بعد الكوانتم، سابقًا عن مبادرة كبيرة لإنشاء مركز اختبار وتجميع أشباه الموصلات المفتوح (OSAT) في السعودية. تم تصميم OSAT لتقديم مجموعة شاملة من خدمات الاختبار، بما في ذلك اختبارات الرقاقات والاختبارات النهائية، بالإضافة إلى خدمات التجميع لمختلف حزم أشباه الموصلات مثل QFN وBGA وWLCSP وغيرها. تشكل هذه المبادرة جزءًا أساسيًا من استراتيجية أكبر تهدف إلى تطوير مراكز تخصيص أشباه الموصلات من خلال الشراكات بين القطاعين العام والخاص (PPP).

تجري SEALSQ حاليًا مناقشات نشطة لإطلاق ثلاثة مشاريع كبرى في أوروبا والشرق الأوسط والشرق الأقصى. ستستخدم هذه المراكز تقنية RISC–V لتصميم الرقائق، مع التركيز على التصنيع المحلي لتلبية أعلى معايير الأمان والشهادات من الهيئات المعترف بها مثل المعايير المشتركة ومعهد NIST.

### حول SEALSQ

تُركز SEALSQ على بيع الحلول المتكاملة بناءً على أشباه الموصلات وخدمات PKI والتزويد، بينما تطور منتجات الأجهزة والبرمجيات بتقنية ما بعد الكوانتم. يمكن استخدام حلولنا في مجموعة متنوعة من التطبيقات، بدءًا من رموز المصادقة متعددة العوامل، والطاقة الذكية، والأجهزة المنزلية الذكية، والبنية التحتية لشبكات تكنولوجيا المعلومات، إلى السيارات، وأتمتة الصناعة وأنظمة التحكم.

تشير التشفير ما بعد الكوانتم (PQC) إلى طرق التشفير التي تكون آمنة ضد الهجمات بواسطة الكمبيوتر الكمي. مع تزايد قوة أجهزة الكمبيوتر الكمية، قد تتمكن من كسر العديد من طرق التشفير المستخدمة حاليًا لحماية المعلومات الحساسة، مثل RSA والتشفير المنحني الإهليلجي (ECC). يهدف PQC إلى تطوير طرق تشفير جديدة تكون آمنة ضد الهجمات الكمية. لمزيد من المعلومات، يرجى زيارة www.sealsq.com

### حول WISeKey

تعتبر WISeKey International Holding Ltd (“WISeKey”، SIX: WIHN؛ Nasdaq: WKEY) رائدة عالميًا في منصات الأمن السيبراني والهوية الرقمية وحلول إنترنت الأشياء. تعمل كشركة قابضة مقرها سويسرا من خلال عدة شركات تابعة تعمل في مجالات تكنولوجية محددة. تشمل الشركات التابعة (i) SEALSQ Corp (Nasdaq: LAES)، التي تركز على منتجات أشباه الموصلات وPKI وتقنية ما بعد الكوانتم، (ii) WISeKey SA التي تتخصص في حلول RoT وPKI للمصادقة الآمنة والتعرف في إنترنت الأشياء والبلوكشين والذكاء الاصطناعي، (iii) WISeSat AG التي تركز على تكنولوجيا الفضاء للاتصالات عبر الأقمار الصناعية الآمنة، وخاصة لتطبيقات إنترنت الأشياء، و(iv) WISe.ART Corp التي تركز على NFTs الموثوقة وتدير سوق WISe.ART للمعاملات الآمنة للـ NFTs.

تساهم كل شركة تابعة في مهمة WISeKey لتأمين الإنترنت بينما تركز على مجالات البحث والخبرة الخاصة بها. تتكامل تقنياتهم بسلاسة في منصة WISeKey الشاملة. تؤمن WISeKey النظم البيئية للهوية الرقمية للأفراد والأشياء باستخدام تقنيات البلوكشين والذكاء الاصطناعي وإنترنت الأشياء. مع نشر أكثر من 1.6 مليار رقاقة عبر مختلف قطاعات إنترنت الأشياء، تلعب WISeKey دورًا حيويًا في تأمين إنترنت كل شيء. تولد أشباه الموصلات التابعة للشركة بيانات ضخمة قيمة يتم تحليلها باستخدام الذكاء الاصطناعي لتمكين الوقاية من فشل المعدات التنبؤية. معتمدة من قبل جذر الثقة التشفيري OISTE/WISeKey، توفر WISeKey مصادقة وتحديد هوية آمنين لتطبيقات إنترنت الأشياء والبلوكشين والذكاء الاصطناعي. يضمن جذر الثقة الخاص بـ WISeKey سلامة المعاملات عبر الإنترنت بين الأشياء والأشخاص. لمزيد من المعلومات حول الاتجاه الاستراتيجي لـ WISeKey وشركاتها التابعة، يرجى زيارة www.wisekey.com

### بيانات تطلعية

تحتوي هذه الرسالة صراحة أو ضمنيًا على بعض البيانات التطلعية المتعلقة بشركة SEALSQ Corp وأعمالها. تشمل البيانات التطلعية البيانات المتعلقة باستراتيجيتنا التجارية، والأداء المالي، ونتائج العمليات، وبيانات السوق، والأحداث أو التطورات التي نتوقع أو نعتقد أنها ستحدث في المستقبل، وكذلك أي بيانات أخرى ليست حقائق تاريخية. على الرغم من أننا نعتقد أن التوقعات المنعكسة في هذه البيانات التطلعية معقولة، لا يمكن تقديم أي ضمان بأن هذه التوقعات ستثبت صحتها. تنطوي هذه البيانات على مخاطر معروفة وغير معروفة وتستند إلى عدد من الافتراضات والتقديرات التي تخضع بطبيعتها لعدم اليقين والتعقيدات الكبيرة، والعديد منها خارج عن سيطرتنا. قد تختلف النتائج الفعلية ماديًا عن تلك المعبر عنها أو المنعكسة في هذه البيانات التطلعية. تشمل العوامل المهمة التي، في رأينا، قد تؤدي إلى اختلاف النتائج الفعلية ماديًا عن تلك التي تمت مناقشتها في البيانات التطلعية، نجاح وجدول إطلاق SEALCOIN؛ الجدول الزمني والإصدار الناجح

تتضمن هذه الرسالة، صراحةً أو ضمنًا، بعض التصريحات المستقبلية المتعلقة بشركة SEALSQ Corp وأعمالها. تشمل التصريحات المستقبلية البيانات المتعلقة باستراتيجيتنا التجارية، والأداء المالي، ونتائج العمليات، وبيانات السوق، والأحداث أو التطورات التي نتوقع أو نتوقع حدوثها في المستقبل، بالإضافة إلى أي تصريحات أخرى ليست حقائق تاريخية. على الرغم من أننا نعتقد أن التوقعات التي تعكسها مثل هذه التصريحات المستقبلية معقولة، لا يمكن تقديم ضمان بأن هذه التوقعات ستثبت صحتها. تتضمن هذه التصريحات مخاطر معروفة وغير معروفة وتعتمد على عدد من الافتراضات والتقديرات التي تتعرض بطبيعتها لشكوك كبيرة وطوارئ، العديد منها خارج عن سيطرتنا. قد تختلف النتائج الفعلية اختلافًا جوهريًا عن تلك المعبر عنها أو المتضمنة في هذه التصريحات المستقبلية. تشمل العوامل المهمة التي، في رأينا، يمكن أن تسبب اختلاف النتائج الفعلية اختلافًا جوهريًا عن تلك المناقشة في التصريحات المستقبلية نجاح وجدول إطلاق SEALCOIN؛ جدول ونجاح إطلاق مفهوم إثبات الآلة إلى الآلة (M2M)؛ إصدار وتسجيل رمز SEAL في البورصة قبل نهاية عام 2024؛ قدرة SEALSQ على مواصلة المعاملات المفيدة مع الأطراف المادية، بما في ذلك عدد محدود من العملاء المهمين؛ الطلب السوقي وظروف صناعة أشباه الموصلات؛ والمخاطر التي نوقشت في تقارير SEALSQ المودعة لدى لجنة الأوراق المالية والبورصات الأمريكية (SEC). يتم وصف المخاطر والشكوك بشكل أكبر في التقارير المودعة من قبل SEALSQ لدى لجنة الأوراق المالية والبورصات الأمريكية (SEC).

تقدم SEALSQ Corp هذه الرسالة اعتبارًا من هذا التاريخ ولا تتعهد بتحديث أي تصريحات مستقبلية واردة هنا نتيجةً لمعلومات جديدة أو أحداث مستقبلية أو غير ذلك.

حول جمعية هاشجراف

جمعية هاشجراف في طليعة التمكين الرقمي للمؤسسات من خلال الاعتماد الواسع للحلول على مستوى المؤسسات القائمة على هيديرا والتطبيقات اللامركزية، بما في ذلك تمويل برامج التدريب والابتكار وبناء المشاريع على مستوى العالم. كمنظمة غير ربحية مقرها في سويسرا، تدعم جمعية هاشجراف وتوفر التمويل للابتكار والبحث والتطوير الذي يمكّن الشمول الاقتصادي ومستقبل رقمي للجميع، مع تأثير إيجابي على البيئة والمجتمع والحوكمة (ESG). لمزيد من المعلومات حول جمعية هاشجراف، قم بزيارة www.hashgraph–association.com.

جهات الاتصال الصحفية والمستثمرين

شركة SEALSQ


كارلوس مورييرا

رئيس مجلس الإدارة والرئيس التنفيذي

هاتف: +41 22 594 3000


info@sealsq.com

علاقات المستثمرين لشركة SEALSQ (الولايات المتحدة)

مجموعة إيكويتي إنك.

لينا كاتي

هاتف: +1 212 836–9611 / lcati@equityny.com

كاتي ميرفي

هاتف: +212 836–9612 / kmurphy@equityny.com


GLOBENEWSWIRE (Distribution ID 1000964653)

Europe Can Reap Sizable Energy Security Rewards by Scaling Up Climate Action

Meeting the continent’s emission reduction targets could enhance energy security metrics by 8 percent by 2030—and that would be just the start. Credit: Dusan Petkovic/Stock by Getty Images

By Geoffroy Dolphin, Romain Duval, Galen Sher and Hugo Rojas-Romagosa
WASHINGTON DC, Jun 5 2024 – Russia’s invasion of Ukraine triggered Europe’s worst energy crisis since the 1970s and put energy security back at the top of the policy agenda.

Policymakers reacted swiftly by securing alternative natural gas supplies, improving energy efficiency, and expanding renewables.

Reducing greenhouse gas emissions would, they said, not only mitigate climate change but also strengthen energy security. Skeptics, however, countered that this approach would increase the cost of energy, phase out safe (albeit dirty) domestic coal more rapidly, and ultimately weaken the continent’s energy security.

So, which view is correct? Our new research shows that boosting Europe’s climate action delivers sizable energy security benefits, too.

We weigh the effects of climate action on energy security in a global economic model with many countries and sectors. It simulates the impacts of policies to reduce emissions on two essential security measures.

The first measure, security of supply, assesses the risk of a disruption to energy supply by combining how dependent a country is on imports for its energy consumption with how diversified those energy imports are. The second is the resilience of its economy to an energy disruption, represented by the share of gross domestic product it spends on energy.

Strikingly, our analysis reveals that Europe’s energy security deteriorated in the decades before Russia’s invasion of Ukraine, as countries relied increasingly on imports from ever fewer suppliers.

The simulations also show that higher carbon prices, stronger sector-specific energy efficiency regulations, and accelerated permitting for renewables would all improve Europe’s energy security along these two key metrics.

Effects would differ across policies, however:

Carbon pricing cuts emissions at the lowest output cost to the economy but may take time to improve energy security in some energy- and emission-intensive economies in Central and Eastern Europe, if used as the only emission-reduction tool.

This is partly because these countries would have to phase out domestic coal sooner than otherwise.

Stronger energy-efficiency regulations for transport and buildings, by contrast, are less efficient than carbon pricing in cutting emissions, but they deliver larger energy security co-benefits. They also spread those benefits more evenly across countries.

Such regulations lower the consumption of energy, just as carbon pricing does, but they tend to reduce the price of energy—and thereby overall energy expenditures—more. Combining them with support to poorer households—for purchases of more energy-efficient vehicles and domestic heating systems, for example—would make them more palatable and thereby speed up implementation.

Accelerated permitting for renewables also improves energy security widely across Europe by expanding domestic energy supply.

Packaging climate policies

A climate policy package that includes all these tools is the most promising way forward because it combines the economic efficiency of carbon pricing with the larger and more evenly shared energy security benefits of regulations.

Specifically, a package of measures improves energy security in three ways. First, it lowers dependence on imports by replacing imported fossil fuels with domestically produced renewable electricity.

Second, it diversifies individual economies’ energy imports away from non-European suppliers toward European ones—through enhanced penetration of renewables and electrification of end uses such as vehicles and house heating systems, in particular, given that European countries predominantly trade electricity with their European neighbors.

And third, it lowers energy expenditures because efficiency investments reduce demand and accelerated renewables deployment raises energy supply—both of which lead to lower energy prices. This more than offsets the higher cost from higher carbon pricing.

An illustrative policy package that cuts emissions by 55 percent compared to 1990 levels would improve the two energy security metrics by close to 8 percent by 2030 for Europe as a whole.

For the European Union, this package, which is consistent with the “Fit-for-55” agenda, would reverse 13 years of deterioration in economic resilience to energy disruptions and eight years of reduction in security of energy supply. As Europe continues to ramp up its climate policy action beyond 2030, these gains would only increase.

Multilateral cooperation

The simulations also support the case for strong multilateral cooperation within Europe, given that countries differ in their energy security gains and emission reduction costs (which, in turn, reflect factors such as their current energy intensity, energy mix, and potential for renewable power generation).

A common facility that would pool resources and coordinate green investments at the EU level could accelerate the green transition at low cost while distributing its gains more evenly, including by tapping cheap abatement options in emerging EU member countries.

Completing the EU’s energy union strategy is a case in point: better connecting national grids would lower costs and help individual countries import electricity from other member countries in the event of domestic disruptions, improving energy security for all.

At a time when the momentum behind climate action is at risk of fading, European policymakers should consider its full benefits. By ramping up their individual emission reduction policies as planned and strengthening their cooperation, not only will they remain global leaders on the path toward net zero emissions by 2050, but they will also secure abundant and safe energy supply to power their economies into the future.

Source: International Monetary Fund (IMF)

IPS UN Bureau

 


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Eanan Al Samma and Jetoptera commence flight test campaign in the U.A.E.

DUBAI, United Arab Emirates and EDMONDS, Wash., June 04, 2024 (GLOBE NEWSWIRE) — We are excited to share the news that Jetoptera and Eanan Al Samma have kicked off the flight test campaign of a subscale, box–wing VTOL aircraft which is a flight test bed for the J–500 autopilot development.

The subscale eVTOL version of the J–500 VTOL cargo UAV being co–developed by the two companies is one of the tools for perfecting the automated transitions to and from forward flight. The goal of the campaign is to further integrate the J–series flight controls to develop the autopilot and navigation system for the larger J–500 UAV. The J–500 will address the U.A.E. market. It will be powered by the unique, patented Fluidic Propulsive System™ developed by Jetoptera and will have a maximum speed of 200 knots and payloads of up to 50 kg.

The subscale eVTOL model is battery powered and is operated in automated mode, including VTOL, hover, and transitions to and from forward flight. The tests conducted so far show excellent automated conversions from hover to forward flight and vice versa, as well as hover maneuverability of the aircraft, without pilot intervention. In automated mode, the mission is uploaded to the onboard control system and the entire mission is executed without any interaction from the pilot.

The subscale model uses electric ducted fans for propulsion. Over the next few months, the vehicle will be upgraded and tested with the J–500 avionics developed by EANAN utilizing the Embention Veronte autopilot as adapted to the unique controls of the J–series aircraft developed by Jetoptera.

The two companies remain on track to complete the construction of the first prototype of the J–500 by the end of 2024. Data collected from the subscale aircraft informs the requirements for the J–500.

The flight test campaign of the subscale model has commenced at the Xrange test field near Abu Dhabi and will continue over the next few months. Multiple automated missions conducted to date include vertical take–off, hover, transitions, horizontal flight, vertical landing and endurance tests. Just like the J–500, the subscale model is also capable of conventional take–off and landing.

“Our collaboration with Eanan Al Samma on the co–development of the J–500 has reached the important milestone of automated VTOL flights in the U.A.E. The first flights of our J–series architecture in the U.A.E. today also kicked off the development of the controls and avionics for the larger J–500. Using the subscale aircraft at the location, we are collecting important flight data that are instrumental for the development and validation of the avionics planned for the FPS–powered vehicle. The partnership with Eanan Al Samma allows Jetoptera to accelerate our roadmap for the introduction of the larger J–series air taxis, on location, under the unique local conditions, where the primary market target is,” said Dr. Andrei Evulet, CEO of Jetoptera.

“Our partnership with Jetoptera marks a significant milestone in our journey to revolutionize the UAS industry. By integrating Jetoptera’s FPS technology, we are enhancing the capabilities and operational efficiency of our aircraft, offering our clients unparalleled performance and reliability. This collaboration fits perfectly into Eanan’s strategy of continuously seeking innovative and game–changing technologies to maintain our leadership in the market,” said Eanan Al Samma’s CEO, Ulrich Weckx.

About Eanan Al Samma

Eanan Al Samma is a leading provider of advanced Unmanned Aerial Systems, based in Dubai, UAE and committed to delivering innovative and reliable UAS solutions. With a focus on cutting–edge technology and operational excellence, Eanan Al Samma is at the forefront of the UAS industry, pushing the boundaries of what is possible in aerial operations.

For more information, visit www.eanan.ae
Youtube channel: https://www.youtube.com/@Eanandxb
Linkedin: https://www.linkedin.com/company/eananofficial/?viewAsMember=true

About Jetoptera

Jetoptera’s vision is to create a world where aerial mobility is commonplace for both cargo and people. We have developed a unique propulsion system integrated with a novel airframe. This allows us to create lighter, more efficient, and less complex aircraft. Our technology enables vertical and short takeoff and landing (V/STOL), high speeds, sizable payloads and range, and maneuverability.

Connect with Jetoptera:
LinkedIn at https://www.linkedin.com/company/18447683/
Facebook at https://www.facebook.com/Jetoptera/
YouTube at https://youtu.be/QEILXoyZl7I

Media Contact: todd@jetoptera.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/62994a06–f08f–4be3–8aa0–4379407b2919

https://www.globenewswire.com/NewsRoom/AttachmentNg/22412485–bba2–4ce2–8f16–6c3738b584c6


GLOBENEWSWIRE (Distribution ID 9149000)

Peace or No Peace, Israel Stands Accused of Genocide & War Crimes in Gaza

Destruction in Gaza Strip. Credit: UNICEF/Hassan Islyeh

By Thalif Deen
UNITED NATIONS, Jun 5 2024 – The Biden administration, which is frantically attempting to finalize a shaky peace agreement between Israel and Hamas, is being stymied by at least two far right-wing politicians in Netanyahu’s cabinet— Foreign Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir–and also by the Israeli Prime Minister himself who wants to totally eradicate Hamas before he agrees to a cease-fire.

But peace or no peace, the charges against Israel, including genocide, war crimes, starvation as a weapon of war, and the destruction of homes, hospitals, schools, universities, mosques, and churches, will continue to linger.

Last week, the United Nations clarified that the overall number of fatalities, tallied by the Ministry of Health in Gaza, is estimated at more than 35,000 Palestinians, overwhelmingly civilians, since the attack by Hamas which killed 1,200 inside Israel on October 7—reflecting the totally disproportionate killings by the Israelis.

The Ministry of Health provided a breakdown for 24,686 “fully identified deaths out of the total 34,622 fatalities recorded in Gaza, as of April 30”. The death toll includes 7,797 children, 4,959 women, 1,924 elderly, and 10,006 men.

Since these killings were mostly with American weapons, the question that remains unanswered: Is the US, the primary arms supplier to Israel, as complicit in war crimes and genocide—as is Israel?

According to a May 31 report in Cable News Network (CNN), researchers from the London School of Hygiene & Tropical Medicine (LSHTM) and the Johns Hopkins Center for Humanitarian Health have projected that if the war continues to escalate, the total number of deaths would surpass 72,000 by August. And if the impact of epidemics sparked by the conflict is included, the toll could be close to 86,000 by then.

Israel’s diplomatic isolation could grow if the war drags on, CNN said. The government has become the target of increased censure on the world stage, drawing sharp criticism from some of its closest allies in Europe for its conduct.

Dr. Simon Adams, President and CEO of the Center for Victims of Torture, the largest international organization that treats survivors and advocates for an end to torture worldwide, told IPS that Hamas’ attacks on Israeli civilians on 7 October were truly horrific and generated global sympathy.

“But that has been squandered by this extremist Israeli government. They have pursued a policy of collective punishment against the entire Palestinian population in Gaza, and by doing so, have made themselves global pariahs. Several have also become indicted war criminals.”

“What’s happening in Gaza is an un-natural disaster. It is a result of man-made decisions by the Israeli government to systematically bomb Palestinian civilians and violate the laws of war. There is no such thing as a safe zone or a so-called precision strike if you are bombing an area where displaced children are sleeping nearby in tents,” he pointed out.

The Israeli government is outraged that it has been accused of atrocities at the International Court of Justice (ICJ) and by the International Criminal Court (ICC). But the rest of the world is outraged by a culture of impunity that has led to so many civilian deaths and so much wanton destruction.

That’s why Israel has become an international pariah, Dr Adams declared.

Romy Hawatt, Founder & CEO of the Dubai-based Riana Group, told IPS the international community’s growing scrutiny of Israel’s policies and practices marks a significant shift, emphasising the urgent need for accountability and reform.

“As the world increasingly condemns actions reminiscent of apartheid-era South Africa, it is crucial to foster empathy and a balanced perspective to administer justice and address past wrongs while working towards a sustainable long-term solution”.

Recognising the legitimate security concerns of all parties involved is essential for achieving a lasting peace that benefits everyone, he said.

“To achieve an equitable and just solution, it is evident that addressing the root causes of the ongoing conflict is imperative”.

This involves unequivocally condemning actions that violate human rights and international law, said Hawatt, whose group has made significant contributions, directly and through reputable NGOs, to support refugees, orphanages, children’s health and education, water projects, homelessness, and poverty alleviation.

As calls for compensation and restitution for Palestinians grow, it is essential for Israel to embrace principles of equality, freedom, and justice for all, he argued.

“Under the sponsorship and authority of the United Nations, a concerted effort by all parties is required to bridge divides, foster dialogue, and ensure security. Only through a comprehensive, just, and balanced approach can we hope to achieve lasting peace, dignity, and equality for all residents of the region, whether in two states living side by side or a democratic single state where Jews, Arabs, and others can coexist peacefully,” he declared.

Ramzy Baroud, a journalist and Editor of The Palestine Chronicle, told IPS Israel’s attack on Rafah continued despite the US’ ‘red line’ warnings and appeals made by all parties involved, including Israel’s Western allies.

The incursions, including the Tents Massaccre and subsequent massacres, all took place after the International Court of Justice’s decision that Israel must halt its Rafah operation immediately.

Technically, this should mean that Israel is not only a pariah within the context of international law but it ought to be a pariah from the viewpoint of its own allies, he said.

“And this is where the hypocrisy of the West becomes even more glaring as their support for Israel continued even after the escalation of the Israeli genocide, throughout the Gaza Strip but most specifically in Rafah”.

The war on Gaza has helped us understand the limits of Israeli-Western military power and intelligence, but also allowed us to see the limits of the often-touted international law, he noted.

Recent experiences have taught us that international law seems to be designed to apply against enemies of the United States, for example Russia, North Korean, Iraq and Iran.

Even though Washington is not a member of the International Criminal Court (ICC), through its network of Western allies, pressures, threats and sanctions, it is able to wield the needed power to subvert the equal application of international law.

“The very legitimacy of international law is now at stake, due to the unrelenting Israeli genocide in Gaza and the failure of the international community to take a single step that could push back against Israel’s criminal war,” said Baroud, who is also is a Non-resident Senior Research Fellow at the Center for Islam and Global Affairs (CIGA).

Meanwhile, in a statement released 4 June, UN Human Rights Chief Volker Türk issued a renewed call for an end to the sharp rise in deadly violence in the occupied West Bank since 7 October, and urged accountability for the killing of over 500 Palestinians last week by Israeli Security Forces (ISF) and settlers.

“As if the tragic events in Israel and then Gaza over the past eight months were not enough, the people of the occupied West Bank are also being subjected to day-after-day of unprecedented bloodshed. It is unfathomable that so many lives have been taken in such a wanton fashion,” the High Commissioner said.

“The killing, destruction and widespread human rights violations are unacceptable, and must cease immediately. Israel must not only adopt but enforce rules of engagement that are fully in line with applicable human rights norms and standards. Any allegation of unlawful killings must be thoroughly and independently investigated and those responsible held to account.

“Pervasive impunity for such crimes has been commonplace for far too long in the occupied West Bank. Such impunity has created an enabling environment for more and more unlawful killings by the ISF. International law must be respected and enforced, and accountability must be ensured.”

The Israeli Defense Force (ISF) has often used lethal force as a first resort against Palestinian protesters throwing stones, incendiary bottles, and firecrackers at ISF armoured vehicles, in cases where those shot clearly did not represent an imminent threat to life.

The prevalence of Palestinians who died after being shot in the upper part of the body, along with a pattern of the denial of medical assistance to those injured, suggests intent to kill in violation of the right to life, rather than a graduated application of force and an attempt to de-escalate tense situations.

In a statement released May 29, a group of UN experts said Israeli air strikes on a camp sheltering displaced civilians in Tal al-Sultan in Rafah, that have reportedly claimed at least 46 lives including 23 women, children and older persons on Sunday night. “are an outrage.”

“Harrowing images of destruction, displacement and death have emerged from Rafah, including infants torn apart and people burnt alive,” the experts said.

“Reports emerging from the ground indicate that the strikes were indiscriminate and disproportionate, with people trapped inside burning plastic tents, leading to a horrific casualty toll.”

“These barbaric attacks are a flagrant violation of international law. They are also an attack on human decency and our collective humanity,” the experts said.

At least 46 Palestinians were reportedly killed in an Israeli air strike in Rafah’s Tal al-Sultan on the night of Sunday 26 May 2024, with hundreds more treated for severe burns. On Tuesday, another attack in al-Mawasi in Western Rafah reportedly killed 21 Palestinians, of whom 13 were women.

“Recklessly targeting sites known to shelter displaced Palestinians, including women, children, persons with disabilities and older persons, seeking refuge constitutes a grave breach of the laws of war and a grim reminder of the urgent need for international action and accountability,” they said.

“Even if Israeli leaders claim now that the strikes were a ‘mistake’, they bear international legal responsibility. Calling it a mistake will not make the strikes legal, bring back those killed in Rafah or give comfort to grieving survivors,” the UN experts said.

IPS UN Bureau Report

 


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