Volt Mobility Enters into $210 Million Contract with Mullen Automotive to Purchase 3,000 Class 1 and Class 3 EV Cargo Vans and Trucks

Mullen to receive initial $3 million deposit and will begin shipping first vehicles immediately

Volt, a leading UAE–based commercial leasing company with clients including UPS, DHL and FedEx, to purchase 3,000 EV cargo vans and trucks over the next 16 months

BREA, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) — via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that Volt Mobility (“Volt”), based in the United Arab Emirates (“UAE”), has entered into a purchase agreement for approximately $210 million to acquire 3,000 Class 1 and Class 3 EV cargo vans and trucks over a 16–month period. Mullen will receive an initial $3 million deposit within 60 days and additional payments as the vehicles are delivered. The Company will begin shipping the first vehicles immediately.

Mullen expects to recognize approximately $210 million in revenue over the next 16 months of the agreement. Volt intends to lease these vehicles to its corporate customers based in the Middle East and Gulf States. Current Volt clients include UPS, DHL and FedEx throughout the Gulf Cooperation Council (“GCC”) region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).

Volt’s vehicle order will be assembled at Mullen’s Tunica, Mississippi–based Commercial Vehicle Facility, which is capable of producing 20,000 Class 1 and 6,000 Class 3 vehicles annually with two production shifts.

Founded in 2020, Volt quickly established itself as one of the largest and most influential commercial EV leasing companies in the region. Volt’s vehicle portfolio includes 17 models with focus on light, medium and heavy–duty electric vehicles. Volt leases vehicles to corporate customers providing first to last–mile delivery for fast moving goods and provides heavy duty trucks for shuttling service across the region, serving clients including large transport businesses under a long–term secured leasing model

The UAE has identified e–mobility as a priority policy area and is now seven years into an ambitious plan to decarbonize its infrastructure and energy production. The Emirate’s Clean Energy Strategy 2050 and Net Zero Carbon Emissions Strategy 2050 seek to generate 100% power from clean energy sources by 2050. Furthermore, Dubai's Roads and Transport Authority (“RTA”) has rolled out a long–term strategy to migrate towards net–zero emission public transport by 2050.

“At Volt, we don’t just follow trends; we set them. Our mission is clear: lead the transformation to sustainable, efficient and cutting–edge transportation,” said Sophia Nau, managing director and CFO for Volt Mobility.

“Volt is reshaping the way people and businesses move across the UAE and GCC,” said David Michery, CEO and chairman of Mullen Automotive. “This landmark agreement provides Mullen with exposure to leading global transportation companies and the opportunity for utilizing Mullen EVs across the UAE and other areas of the Middle East.”

Additional details, including the related agreement, can be found in the Company’s Form 8–K to be filed with the SEC.

Mullen’s commercial EV lineup includes the Mullen ONE Class 1 EV cargo van, the Mullen THREE Class 3 EV cab chassis truck, and the Bollinger B4 Class 4 and Bollinger B5 Class 5 EV cab chassis trucks from its subsidiary, Bollinger Motors. Mullen’s full lineup of commercial EVs is purpose–built to meet the demands of urban last–mile delivery; available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency and the California Air Resources Board (“CARB”) certifications, denoting strict adherence to clean air emissions standards. The Bollinger B4 begins Start of Production (“SOP”) on Sept. 16, 2024, with deliveries beginning in October 2024.

About Volt Mobility
We are unwavering in our commitment to sustainability, and we firmly believe in the potential of electric mobility to revolutionize industrial transportation. Our steadfast commitment aligns seamlessly with the transformative potential of electric mobility in the industrial sector. By leveraging the latest technologies, we strive to create a cleaner, more efficient and seamlessly connected transportation network tailored for industrial applications. Whether you operate in logistics, manufacturing or any industrial sector, Volt Industrial Mobility is your partner in driving positive change. Join us as we work towards a future where industrial electric vehicles play a pivotal role in creating environmentally conscious, high–performance and cost–effective transportation solutions.

To learn more about Volt, visit www.VoltMobility.group.

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California–based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States–based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. Recently, CARB issued HVIP approval on the Mullen THREE, Class 3 EV truck, providing up to a $45,000 cash voucher at time of vehicle purchase. The Company has also recently expanded its commercial dealer network with the addition of Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Eco Auto, providing sales and service coverage in key Midwest, West Coast and Pacific Northwest and New England markets. The Company also recently announced Foreign Trade Zone (“FTZ”) status approval for its Tunica, Mississippi, commercial vehicle manufacturing center. FTZ approval provides a number of benefits, including deferment of duties owed and elimination of duties on exported vehicles.

To learn more about the Company, visit www.MullenUSA.com.

Forward–Looking Statements
Certain statements in this press release that are not historical facts are forward–looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward–looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward–looking statements. These forward–looking statements include, but are not limited to, statements about our plans, expectations and objectives with respect to the purchase agreement with Volt, the anticipated purchase and delivery of vehicles and expected revenue. All forward–looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward–looking statements, many of which are generally outside the control of Mullen and are difficult to predict. These forward–looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. These forward–looking statements are subject to a number of risks and uncertainties, including but are not limited to, uncertainty that Volt will abide by its contractual obligations, including payment of the deposit and order of vehicles as expected, the timing and dates for receipt of payments pursuant to the agreement, successful certification of the vehicles in the GCC region,  delays in production and delivery of vehicles, unanticipated returns of vehicles, delayed commercial product launches and the achievement of operational milestones,  and changes in domestic and foreign business, market, financial, political and legal conditions that may affect incentives and the general market for EVs.. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward–looking statements can be found in the most recent annual report on Form 10–K, quarterly reports on Form 10–Q and current reports on Form 8–K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward–looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward–looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:
Mullen Automotive, Inc.
+1 (714) 613–1900
www.MullenUSA.com

Corporate Communications:
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

Attachments


GLOBENEWSWIRE (Distribution ID 9220336)

Zoom Appoints Mike Fenger to Board of Directors

SAN JOSE, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) announced that it has appointed Mike Fenger, vice president Worldwide Sales, Apple, as an independent director on Zoom’s Board of Directors effective immediately.

“Zoom plays an important role connecting people around the world, and I’m excited to join the Board and contribute to its future success,” said Mike Fenger, vice president Worldwide Sales, Apple. “Eric Yuan has built a great team and the company’s dedication to driving innovative technology is inspiring. I’m really looking forward to working with them.”

“On behalf of Zoom’s Board of Directors, I am thrilled to welcome Mike to the team,” said Zoom founder and CEO Eric S. Yuan. “Mike’s experience at Apple, and companies including GE, and his proven track record of global leadership bring valuable insights that align perfectly with our vision. We’re excited to see the fresh perspective and innovative ideas he’ll contribute as we continue driving our growth and success.”

About Mike Fenger

Mike oversees global product sales for Apple, and his team plays an important part in helping customers discover products they love. Since joining Apple in 2008, he has also had a key role in strengthening telecommunications and consumer electronic reseller partnerships, and deepening connections with customers in enterprise, education, and government. He began his Apple career as vice president of Global iPhone Sales, where he led the expansion of iPhone distribution to customers around the globe.

Mike has over 20 years of experience building and leading sales teams for global companies. Before joining Apple, he held senior positions at General Electric and Motorola, where he helped develop and execute strategy for sales, operations, marketing, and supply chain management in the Americas, Europe, and Greater China. Mike is a graduate of Miami University, where he earned a bachelor’s degree in Economics.

About Zoom
Zoom’s mission is to provide one platform that delivers limitless human connection. Reimagine teamwork with Zoom Workplace — Zoom’s open collaboration platform with AI Companion empowers teams to be more productive. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer care teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more information at zoom.com.

Zoom PR
Colleen Rodriguez
Head of Global PR
press@zoom.us


GLOBENEWSWIRE (Distribution ID 9220130)

KEENON Robotics Showcases Innovative Smart Service Solutions with Embodied Intelligence at 2024 World Robot Conference

BEIJING, Aug. 26, 2024 (GLOBE NEWSWIRE) — KEENON Robotics presented its latest smart service solutions with embodied intelligence at the 2024 World Robot Conference, held at the Beijing Etrong International Exhibition and Convention Center, from 21–25 August 2024. This year's conference, themed “Foster New Quality Productive Forces, Innovations for an Intelligent Future,” brought together leading experts, industry pioneers, and innovators to explore the latest advancements in robotics technology.

At the event, KEENON Robotics introduced its cutting–edge “Smart Hub” experience, providing an immersive showcase of the transformative potential of robotics across various industries, including hospitality, restaurant services, and healthcare.

The exhibit featured an impressive lineup of service robots, including the DINERBOT T10, T9, T8, BUTLERBOT W3, KLEENBOT C30, KEENON S100, Disinfection Robot M2, KEENON Healthcare X101 medical delivery robot, and more. This highlighted KEENON’s commitment to translating advanced robotics into practical applications that enhance operational efficiency and elevate customer experiences.

As KEENON’s Founder & CEO Tony Li remarked, “Robots open the door for AI to enter the physical world.” This vision came to life at the booth, where service robots were seamlessly integrated into meticulously crafted scenarios. Visitors experienced a glimpse into a world where, after entering the gateway tunnel, intelligence is seamlessly woven into everyday life.

In addition to showcasing the innovative robot solutions, KEENON Robotics was honored with the “Top 20 Most Investable Robotics Companies in China” award at the Inaugural China Robotics Venture Capital Summit Forum during the same period. This recognition underscores the company’s role in driving technological innovation and highlights its promising market potential.

KEENON Robotics is at the forefront of integrating advanced AI models into service scenarios. The company’s general–purpose robots have seen significant improvements in environmental sensing, decision–making, and execution through multi–modal AI. By leveraging deep expertise in service environments, these robots are enhanced for greater intelligence and adaptability, enabling effective service across diverse sectors. This showcases the broad applicability and dedication to addressing a wide range of real–world needs.

At the conference, KEENON Robotics demonstrated its pivotal role in advancing the service robotics sector. By pushing the boundaries of what’s possible, KEENON is crafting intelligent solutions that enhance efficiency, convenience, and human–centered design. These innovations are set to transform commercial environments, deliver significant value to global clients, and introduce unparalleled convenience to everyday life, ensuring the widespread benefits of technology.

About KEENON Robotics
A global leader in commercial service robots and solutions, KEENON Robotics has been at the forefront of the advanced service robot market since 2010. Harnessing cutting–edge technologies in robotics and cloud computing, the company is trusted by businesses worldwide. KEENON Robotics is dedicated to creating value, fostering innovation, and contributing to industry growth across various sectors.

For more information, please contact global@keenon.com or visit http://www.keenon.com/en/.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/090e8e6a–0583–4e08–b359–57d6c01fb166


GLOBENEWSWIRE (Distribution ID 9220192)

Fast-Acting Interventions Needed for Sudanese Refugee Children as Needs Outpace Response

These Sudanese refugee children are among the 748,000 refugees and asylum-seekers who have sought refuge in Egypt. Credit: ECW

These Sudanese refugee children are among the 748,000 refugees and asylum-seekers who have sought refuge in Egypt. Credit: ECW

By Joyce Chimbi
CAIRO & NAIROBI, Aug 26 2024 – As peace eludes war-torn Sudan, thousands of displaced people fleeing the deadly battle between the Sudanese Armed Forces (SAF) and Rapid Support Forces (RSF) have found refuge in neighboring countries, including Egypt.

The Sudanese refugee population in Egypt has grown almost sevenfold in what is considered the worst displacement crisis in the world, impacting 10 million people, with at least 2 million having fled to neighboring countries, including Egypt. In Egypt, over 748,000 refugees and asylum-seekers are registered with the UNHCR, a majority of whom are women and children who have recently arrived from Sudan. This number is expected to continue to rise.

“When Sudan plunged into conflict, the international aid community, UN agencies, civil society and governments developed a response plan to meet the urgent needs of refugees fleeing Sudan to seek safety in five different countries, including Chad, Ethiopia, Egypt, South Sudan and the Central African Republic,” Yasmine Sherif, Executive Director of Education Cannot Wait (ECW), the global fund for education in emergencies and protracted crises within the United Nations, told IPS.

To put it into perspective, the 2024 Sudan Regional Refugee Response Plan calls for USD 109 million to respond to refugee education needs across the region. To date, only 20 percent of this amount has been mobilized, including USD 4.3 million—or 40 percent of the requirement for Egypt.

ECW was among the first to respond in the education sector, providing emergency grants to support partners in all five countries.

The government of Egypt has demonstrated great commitment to providing refugees with access to education services, but with 9,000 children arriving every month, the needs are overwhelming.

Consequently, nearly 54 percent of newly arrived children are currently out of school, per the most recent assessment.

Sherif says despite Egypt’s generous refugee policy, the needs are great, resources are running thin and additional funding is urgently needed to scale up access to safe, inclusive, and equitable quality education for refugee as well as vulnerable host community children.

“Families fleeing the brutal conflict in Sudan endured the most unspeakable violence and had their lives ripped apart. For girls and boys uprooted by the internal armed conflict, education is nothing less than a lifeline. It provides protection and a sense of normalcy amidst the chaos and gives them the resources they need to heal and thrive again,” she said.

Yasmine Sherif, Executive Director of Education Cannot Wait (ECW) interacts with Sudanese refugee children in Egypt. Credit: ECW

Yasmine Sherif, Executive Director of Education Cannot Wait (ECW), interacts with the Sudanese refugee community in Egypt. Credit: ECW

The government of Egypt has demonstrated great commitment to providing refugees with access to education services, but with 9,000 children arriving every month, the needs are overwhelming.

On a high-level stock-taking UN mission to Egypt in August 2024, ECW, UNHCR and UNICEF are urging donors, governments and individuals of good will to contribute to filling the remaining gap and scaling up the education response for refugee and host-community children.

“We have seen the important work that is being undertaken by UNHCR, the Catholic Relief Service and local organizations. But needs are fast outpacing the response, and Egypt now has a growing funding gap of USD 6.6 million. Classrooms are hosting as many as 60 children, most of whom are from host communities,” Sherif says.

Stressing that additional resources are urgently and desperately required to ensure that refugee and host community children in Egypt and other refugee-receiving countries in the region can attend school and continue learning. With the future of the entire region at stake, ECW’s call to action is for as many donors as possible to step in and help deliver the USD10 million required here and now to adequately support the refugee and host communities.

The ECW delegation in Egypt have assessed that at least USD 109 million is needed to assist with refugee education across the region. Credit: ECW

Education Cannot Wait Executive Director Yasmine Sherif, UNHCR, UNICEF, Catholic Relief Services (CRS) staff and Sudanese refugee girls and women at the CRS office in Cairo, Egypt.Credit: ECW

“We have seen the important work that is being undertaken by UNHCR, the Catholic Relief Service and local organizations, such as the Om Habibeh Foundation. But needs are fast outpacing the response,” Sherif says.

“In the spirit of responsibility sharing enshrined in the Global Compact on Refugees, I call on international donors to urgently step up their support. Available funding has come from ECW, ECHO, the EU, Vodafone, and a few other private sector partners. We should not abandon children in their darkest hour. This is a plea to the public and private sectors, and governments to step in and deliver for conflict-affected children,” she said.

Dr. Hanan Hamdan, UNHCR Representative to the Government of Egypt and to the League of Arab States, agreed.

“Forcibly displaced children should not be denied their fundamental right to pursue their education; their flight from conflict can no longer be an impediment to their rights. UNHCR, together with ECW and UNICEF, continue to ensure that children’s education, and therefore their future, are safeguarded,” she said.

“To this end, it is crucial to further support Egypt as a host country. It has shown remarkable resilience and generosity, but the increasing number of displaced individuals requires enhanced international assistance. By strengthening Egypt’s capacity to support refugees, we can ensure that more children have access to education and eventually a brighter future,” Hamdan added.

During the high-level ECW mission in Egypt, the ECW delegation met with key strategic partners—including donors, UN agencies, and local and international NGOs—and with Sudanese refugees to take stock of the scope of needs and the ongoing education response by aid partners.

Jeremy Hopkins, UNICEF Representative in Egypt, reiterated the agency’s commitment.

“UNICEF is steadfast in its commitment to ensure that conflict-affected Sudanese children have the opportunity to resume their education. In Egypt, through innovative learning spaces and the Comprehensive Inclusion Programme, UNICEF is working diligently, under the leadership of the Egyptian government, in cooperation with sister UN agencies and development partners, to create inclusive learning environments and strengthen resilient education systems and services,” Hopkins said.

“This not only benefits displaced Sudanese children but also supports host communities by ensuring that all children have access to quality education.”

In December 2023, ECW announced a USD 2 million First Emergency Response Grant in Egypt. The 12-month grant, implemented by UNHCR in partnership with UNICEF, is reaching over 20,000 Sudanese refugees in the Aswan, Cairo, Giza and Alexandria governorates.

Sudanese displaced children in Egypt are falling behind in their education. Education Cannot Wait has made a global appeal for funds to ensure they are able to continue with their education. Credit: ECW

Sudanese displaced children in Egypt are falling behind in their education. Education Cannot Wait has made a global appeal for funds to ensure they are able to continue with their education. Credit: ECW

The grant supports interventions such as non-formal education, cash grants, social cohesion with host communities, mental health and psychosocial support, and construction and refurbishment work in public schools hosting refugee children to benefit both refugee and host community children. As conflict escalates across the globe, ECW is committed to ensuring that all children have a chance at lifelong learning and earning opportunities.

Beyond Egypt, ECW has allocated USD 8 million in First Emergency Response grants in the Central African Republic, Chad, Ethiopia and South Sudan to address the urgent protection and education needs of children fleeing the armed conflict in Sudan. In Sudan, ECW has invested USD 28.7 million in multi-year and emergency grants, which have already reached more than 100,000 crisis-affected girls and boys.

During the mission, ECW called on leaders to increase funding for the regional refugee response and other forgotten crises worldwide. ECW urgently appeals to public and private donors to mobilize an additional US$600 million to reach 20 million crisis-impacted girls and boys with safe, quality education by the end of its 2023–2026 strategic plan.

IPS UN Bureau Report

 


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BUSINESSNEXT and Mannai InfoTech Form Strategic Partnership to Drive Digital Transformation in Qatar's Banking Sector

DOHA, Qatar, Aug. 26, 2024 (GLOBE NEWSWIRE) — Qatar’s leading system integrator, Mannai InfoTech, an ICT Division under Mannai Trading Company WLL announces their strategic partnership with BUSINESSNEXT to drive digital transformation and craft next–generation customer experiences platform for banking. This partnership is set to transform the banking industry in Qatar, promising unparalleled enhancements in customer experiences, operational efficiencies, and business growth.

The alliance between Mannai InfoTech and BUSINESSNEXT marks a significant blend of modern technology, domain expertise, business consultation and implementation services to deliver high–impact customer experience and relationship management solutions for the banks in Qatar.

Recognized as a leader in Forrester Wave™ Financial Services CRM, 2023, with a user base of over a million bankers globally servicing more than a billion banking customers on its platform. BUSINESSNEXT offers cutting edge suite of solutions, including CRMNEXT, CUSTOMERNEXT, DATANEXT, and WORKNEXT, empowering the bank with specialized AI–powered and cloud–agnostic customer engagement platform, delivering easier, faster, and more personalized modern banking experiences. The alliance will bring unparalleled benefits to the Qatar banking sector with its specialized AI capabilities like personalized customer intelligence, onboarding journeys, risk rating models, accelerated back–office operations, product recommendations, smart bots, next–best actions, and much more. It has specialized offerings covering all lines of business for banks including retail banking, corporate banking, and Islamic banking. In addition, it specializes in delivering modern lending experiences with new–age UI/UX, an automated parameterized smart credit engine, and ready ecosystem integrations.

Mr. Vishal Khurana, Region Head – Middle East and Africa, BUSINESSNEXT, stated, “We are thrilled to partner with Mannai InfoTech to further accelerate the delivery of our innovative solutions to the Qatar Banking Sector. This alliance will empower banks in Qatar to navigate the complexities of digital transformation and achieve remarkable growth and efficiency.”

Mannai InfoTech’s extensive regional expertise and robust market presence in Qatar banking industry will be instrumental in the successful deployment of BUSINESSNEXT’s solutions. This collaboration ensures that financial institutions can integrate these cutting–edge technologies seamlessly, resulting in enhanced customer engagement, improved service delivery, and greater operational agility.

Mannai InfoTech’s Senior Vice President, Binu M R, said, “The synergy between BUSINESSNEXT’s technological prowess and Mannai InfoTech’s domain expertise is expected to drive significant advancements in technology, improving customer loyalty and business growth across the banking industry. Together, we aim to set new benchmarks in customer engagement, operational efficiency, and business growth, reinforcing our commitment to driving the future of banking in Qatar.”

This collaboration marks a pivotal moment in banking solutions, introducing unprecedented innovation and a profound focus on customer needs, resulting in increased cross–selling opportunities, enhanced Net Promoter Scores (NPS), massive reduction in customer servicing costs, faster go–to–market, and much more.

About Mannai InfoTech

Mannai Trading Company WLL (“Mannai”) is a subsidiary of Mannai Corporation QPSC, a Qatar Stock Exchange listed company. Mannai ICT Division is Qatar’s leading Systems Integrator. Mannai ICT provides end–to–end solutions throughout the whole technology stack. Starting from passive networking, to active networking, over servers & storage to peripheral IT Hardware, integrated IT solutions to customized software applications.

Mannai InfoTech, a leading information & communication technology solutions provider in Qatar, is a Division under Mannai ICT. From Application Implementation, bespoke Application Development, Artificial Intelligence, Systems Integration, Mobility, Master Data Management, Cyber Security, Enterprise Information Management, Data Warehousing, Enterprise Resource Planning (ERP), ELV, CCTVs, Security Solutions, and Customer Relationship Management (CRM) using on–premises and/or cloud architecture, hardware and networking, we enable our clients to create and build strategies for their digital transformation.

Driven by a team of innovators and differentiated by extensive experience in diversified existing technologies, we harness the power of computing and automation to help our clients successfully adapt to the digital world. Through a comprehensive portfolio of end–to–end services, we are committed to enabling a smart and connected society leading to national growth and sustainability.

About BUSINESSNEXT

BUSINESSNEXT is a universe of composable enterprise solutions with a focus on banks and financial services globally. Recognized as a leader in Financial Services CRM by leading industry analysts, it leverages technology, innovation, and experience to relentlessly deliver incredible, unique, and human experiences, acing the volatile and complex business environment. BUSINESSNEXT platforms namely CRMNEXT, CUSTOMERNEXT, DATANEXT & WORKNEXT are AI and ML–driven cloud–agnostic platforms dedicated to enabling digital transformations. It comprises an enriched portfolio of hyper SaaS modular solutions that are responsive, can readily plug & play, and has superlative integration capabilities with the ecosystem. BUSINESSNEXT today powers 1 million+ users across 65,000 branches and call centers, managing 1 billion end customers worldwide. BUSINESSNEXT has its USA headquarters in Raleigh, North Carolina and its international headquarters in Noida, India. It has a footprint across 5 continents and direct offices in 14 countries across the U.S.A, MEA, and APAC.

For more information, visit https://www.businessnext.com/

Media Contact Information:
Ajay Joshi
+91 – 7814023329
Ajay.Joshi@businessnext.com


GLOBENEWSWIRE (Distribution ID 9220165)

Conditions Grow Dire in Myanmar

Several Rohingya Muslims that have fled from the oppressive conditions in Myanmar to one of the two refugee camps in Cox’s Bazar, Bangladesh. Credit: K.M. Asad/UN Photo

By Oritro Karim
UNITED NATIONS, Aug 26 2024 – On August 21st, Spokesperson for the Secretary-General Stéphane Dujarric spoke at a press briefing at the United Nations Headquarters about the ongoing Rohingya genocide taking place in Myanmar. Dujarric detailed high levels of hostility and displacement in the Shan, Mandalay, and Rakhine regions, which have significantly intensified since late June of this year.

“On 5 August, an estimated 20,000 people were reportedly displaced from three downtown Maungdaw wards. There are also reports of more people crossing into Bangladesh. In northern Shan, there has been a resurgence of fighting since late June, with an estimated 33,000 people displaced from four townships”, Dujarric stated.

Additionally, casualties continue to grow as armed conflict escalates in the Rakhine State. A joint statement delivered by United States Ambassador Robert Wood on behalf of the United Nations states that the Myanmar regime is currently using displaced Rohingya Muslims as human shields and have placed landmines around their camps. Furthermore, ethnic minorities are being drafted into the military by force, with many of them being young children.

Wood went on to say that the Myanmar Armed Forces have been employing “indiscriminate aerial bombardments of civilians and civilian objects, burning of civilian homes, attacks on humanitarian workers and facilities, and restrictions on humanitarian access”.

A joint statement by the High Representative on behalf of the European Union, as well as the Foreign Ministers of the United States, Australia, New Zealand, South Korea, Switzerland, among other nations, states “violence against civilians has escalated, with thousands jailed, tortured and killed. Airstrikes, shelling and arson have been used to destroy civilian infrastructure, including homes, schools, healthcare facilities and places of worship”.

In addition, hostilities from the Myanmar military have forced millions of ethnic minorities to flee to neighboring territories such as Bangladesh, India, Thailand, and Malaysia. Bangladesh currently has the largest refugee camp in the world, with over one million Rohingya refugees flocking to Kutupalong Refugee Camp in Ukhia, Cox’s Bazar. However, attempts at relocation remain extremely dangerous as over 600 refugees have been reported dead or missing at sea.

Since the Myanmar regime’s military coup in 2021, the need for humanitarian aid has grown immensely as conditions grow more dire every day. The population in need of aid has swelled from 1 million to over 18 million. Furthermore, approximately 3 million people have been displaced from their homes, which have been bombarded or destroyed by the military.

Environmental factors also play a significant role in rates of displacement in Myanmar. Dujarric adds that “Torrential monsoon rains since the end of June are aggravating the already dire humanitarian situation. Some 393,000 men, women and children have been impacted by this flooding”.

Furthermore, women and LGBTQ residents have long been disproportionately and adversely affected by policies in Myanmar, which have been greatly exacerbated post-coup. There have been numerous reports of women, girls, and LGBTQ individuals being conscripted and subjected to sexual and gender-based violence.

According to a report published July 2nd by Tom Andrews, the UN Special Rapporteur on the humanitarian crisis in Myanmar, “Junta forces have committed widespread rape and other forms of sexual violence, often characterized by the utmost cruelty and dehumanization. Members of resistance forces have also been responsible for abuses against women, girls, and LGBT people. Accountability for sexual and gender-based violence is extremely rare, and survivors struggle to access the support they need”.

Andrews goes on to say that widespread displacement during the Rohingya genocide has increased the risk of violence, human trafficking, forced child marriage, and sexual exploitation. This is highly counterproductive in easing tensions as there is a growing resistance in Myanmar, composed of Rohingya women, girls, and LGBTQ people, that are focused on providing humanitarian aid and easing conflict.

The United Nations intends to combat tensions in Myanmar and assist Rohingya people through the 2024 Humanitarian Needs and Response Plan, with a focus on helping those who have been displaced or exposed to military conflict.

Although early funding has resulted in over 2 million Myanmar residents receiving humanitarian aid, there remains much work to be done. Approximately 993 million dollars are needed to fully fund this initiative, with only 23 percent of that goal being met as of now. Additional support from donors is necessary in order to respond to this growing humanitarian crisis.

IPS UN Bureau Report

 


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Rohingya Refugees Must Not Be Forgotten

A Rohingya refugee, Jannat is back in school and dreams of being a doctor. Credit: Save The Children Bangladesh/Rubina Hoque Alee

By Yasmine Sherif
NEW YORK, Aug 26 2024 (IPS-Partners)

Seven years ago, a brutal campaign of violence, rape and terror against the Rohingya people ignited in Myanmar’s Rakhine State. Villages were burned to the ground, families were murdered, massive human rights violations were reported, and around 700,000 people – half of them children – fled their homes to seek refuge in Bangladesh.

Today, Bangladesh’s Cox’s Bazar hosts the largest refugee camp in the world with close to a million children, women and men living in makeshift settlements. The crisis is an abomination for humanity. And while the Government of Bangladesh and other strategic partners are supporting the response, the resources are severely strained and access to essential services is scarce.

As the global fund for education in emergencies and protracted crises within the United Nations, Education Cannot Wait (ECW), along with its strategic donor partners, government, UN agencies and civil society, has supported holistic education opportunities for both Rohingya and host community children in Bangladesh since November 2017. The more than US$50 million in funding, delivered through a consortium of partners – including government counterparts, PLAN International, Save the Children, UNESCO, UNHCR, UNICEF and other local partners – has reached over 325,000 girls and boys with quality education. Over the years, the programmes have provided learning materials for close to 190,000 children, financial support to over 1,700 teachers, and rehabilitated over 1,400 classrooms and temporary learning spaces.

In response to the COVID-19 pandemic, fires in the refugee camp and other pressing emergencies, the programming in Bangladesh was quickly adapted, and over 100,000 girls and boys were able to take part in remote education programmes during the height of the pandemic.

For refugee girls like Jannat, these investments mean nutritious school meals, integrated learning opportunities, catch-up classes, and security and solace in a world gone mad.

We must not forget Jannat and the hundreds of thousands of Rohingya girls like her that only yearn to learn in safety and freedom. Our investment in their education is an investment in peace, enlightenment and security across the region. Above all, it is an investment in the Rohingya people’s rights and other persecuted groups that face human rights abuses and attacks the world over.

Despite strong support from donors – as shown in this powerful joint statement by Japan, Norway, Sweden, Switzerland and the United States following their visit to the refugee camps in Cox’s Bazar in May of this year – the Rohingya crisis is fast-becoming a forgotten crisis.

The Rohingya Humanitarian Crisis Joint Response Plan 2024 calls for a total of US$852 million in funding, including US$68 million for education. To date, only US$287 million has been mobilized toward the plan. More concerning still, only 12.8% has been mobilized towards the education response, according to OCHA’s Financial Tracking Service. What we need to realize is that our investments in education are investments in health, food security and skills development. Taken together with other actions, it forms a cornerstone upon which all the other Sustainable Development Goals can be achieved.

As we commemorate seven years of persecution and attack, we must demand that perpetrators are held accountable for human rights violations, we must establish conditions conducive for a safe return of the Rohingya to their native lands, and we must enforce the rule of law and expect humanity for the people whose lives have been ripped apart by this brutal crisis.

Join ECW and our partners in urgently mobilizing additional resources to provide Rohingya girls and boys – and other children caught in emergencies and protracted crises worldwide – with the promise of a quality education. They deserve no less.

IPS UN Bureau

 


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Excerpt:

Education Cannot Wait Executive Director Yasmine Sherif Statement on the 7-Year Anniversary of the Rohingya Crisis

Tackling the World’s Planetary Emergency

Tackling the Planetary Emergency: Supporting a Declaration of Planetary Emergency at the UN General Assembly and the Convening of a Planetary Emergency Platform

By Eoin Jackson and Nina Malekyazdi
NEW YORK, Aug 26 2024 – The world is facing a triple planetary crisis of climate change, pollution, and biodiversity loss.

Climate change continues to pose an existential threat to humanity, with recent science estimating that we have possibly less than six years left to change course and rapidly reduce greenhouse gas emissions to have a chance of avoiding the worst of the climate crisis.

Pollution is crippling air and water quality, exacerbating the inequality between wealthy and low-and middle-income countries. Biodiversity loss has the potential to collapse our food and water supply chains, putting further pressure on some of the most vulnerable countries in the world to manage the ever-growing risk of poverty, hunger, and harm to human health.

We also have scientific evidence that six of the nine core Planetary Boundaries have been crossed, posing a catastrophic danger to the Earth’s overarching ecosystem.

With this in mind, the Climate Governance Commission, supported by the Earth governance smart coalition Mobilizing an Earth Governance Alliance (MEGA), seeks to assist in catalyzing the implementation of critical reforms to global governance institutions for the effective management of the triple planetary crisis.

Probably the most significant and fundamental reform that could be established quickly and effectively would be a Declaration by the UN General Assembly of a Planetary Emergency and the convening of a Planetary Emergency Platform to facilitate global cooperation to address the emergency.

Adopting a Planetary Emergency Declaration would ensure that policy actions to protect the environment – especially the climate – would be elevated to top priority in global, national and local decision-making, requiring concerted action by all sectors of government, similar to the way that other critical emergencies are addressed.

Convening the Planetary Emergency Platform would help facilitate the development of cooperative plans for urgent action at all levels of governance on specific goals such as, for example, a global, fast-track de-carbonization package. The fact that we are indeed in a serious planetary emergency justifies and indeed requires an approach that can sufficiently address such an emergency.

Why declare a Planetary Emergency?

An emergency occurs when risks (impact X probability) are unacceptably high, and when time is a serious constraint. As identified by MEGA and the Climate Governance Commission based upon the best available science, we are at such a juncture. Consequently, with scientific evidence continuing to mount depicting the grave circumstances humanity finds itself in, the UN General Assembly, with the support of climate-vulnerable countries, should consider responding in kind, declaring a planetary emergency recognising this fundamental shift toward an emergency footing and moving quickly to convene an emergency platform to reflect these circumstances and facilitate urgent, coordinated action, with linked national emergency plans.

The growing urgency for declaring a planetary emergency stems from a history of a fragmented multilateral planetary policy system, that lacks a coordinated and ambitious response at the speed and scale required. Climate change to date has been treated as a peripheral issue dealt with primarily within a two-week framework every year at the climate COPs (Conference of the Parties), leading to a lack of effective cooperation between different aspects of the multilateral system and its domestic counterparts. Further, climate change solutions have not been adequately linked to mitigating pollution and biodiversity loss.

This siloed approach to handling the crisis as just another social and economic issue, rather than the interlinked and existential threat that it poses to society, illustrates how unequipped current governance structures are to handle this all-encompassing and systemic issue.

Consequently, global governance at present lacks the preparation and resilience necessary for current and future global shocks caused by the planetary emergency (e.g. extreme weather events, potential collapse of food supply chains, major economic crises, among other shock events).

However, this emergency also opens the door for the UN General Assembly and broader multilateral system to reconsider its framing of its approach and identify new governance mechanisms to address current gaps in the system. Governments and policymakers are now presented with an opportunity for transformation – to create a sustainable governance framework that facilitates the safe operation of humanity within its Planetary Boundaries.

Climate change, pollution, and biodiversity loss and its related ecological, social, and economic problems are global issues, and thus require a whole-of-system approach to provide global solutions.

By recognizing that the world is in a state of acute distress through the Declaration of a Planetary Emergency at the UN General Assembly and thereby convening a Planetary Emergency Platform to coordinate a response to this emergency, policymakers would be provided with a framework needed to transcend current political divides to effectively address the challenges we face.

What would a Declaration of a Planetary Emergency at the UN General Assembly achieve?

We have already seen regional, national, and local climate emergency declarations issued across 2359 jurisdictions (as of August 2024). Such declarations by themselves have limited impact due to the global nature of this emergency. However, they demonstrate a keen interest in responding to the triple planetary crisis within an emergency framework, providing a core foundation for multilateral cooperation.

A Planetary Emergency Declaration would be science-led and action-focused, helping to elevate global planetary policy by connecting and elevating the existing declarations and filling the gaps in our current governance framework. Activating, focusing, and coordinating existing capacities at the UN through a Declaration of this kind could form a crucial aspect in ensuring that the Declaration is not merely a reflection of well-intended aspirations, but that it provides a solid basis for building effective, cooperative action.

A Planetary Emergency Declaration could build off and connect to its predecessors’ efforts and acknowledge all inter-connected risks associated with the triple planetary crisis in order to facilitate a global green transition. This would in turn allow for the Declaration to stimulate, support and facilitate cooperation and implementation of planetary policy at multilateral, national, and subnational levels.

The Declaration could seek primarily to achieve three things at the outset.

Firstly, as noted above, it could place the multilateral system on an acknowledged emergency footing, allowing for more ambitious action at all levels of governance, and reducing the current barriers to planetary progress.

Secondly, a Declaration could open the door for more effective emergency governance platforms including in particular the convening of a Planetary Emergency Platform, in line with the broader proposal of the UN Secretary General that emergency platforms be convened to strengthen the response to complex global shocks.

A Planetary Emergency Platform, using the Declaration as its basis, could be tasked with coordinating, defragmenting, and harmonizing the international community’s response to the triple planetary crisis. This would, in turn, speed up much needed solutions to the crisis, including, for example, the unlocking of greater climate finance and increased protection of crucial global commons under threat from human activity, from the Amazon to the High Seas.

A Platform of this kind would also be capable of developing a Planetary Emergency Plan, which could outline and bring into effect these desired outcomes, as well as assist with monitoring the implementation of the Declaration.

Finally, a Declaration of Planetary Emergency would allow for scientific concepts like Planetary Boundaries to become more familiar and integrated into our global policy responses, as well as creating vital opportunities to bridge the gap between planetary science and policy.

The Declaration could seek to ensure policymakers have greater impetus to take emergency action to protect these Planetary Boundaries, helping to generate political support and reduce geopolitical barriers to progress.

A Planetary Emergency Declaration at the UN General Assembly could serve as a crucial next step toward remedying the – to date – dysfunctional and inadequate nature of our response to the triple planetary crisis and convene a Planetary Emergency Platform as a key governance mechanism to facilitate the cooperation required between national and subnational entities to ensure effective and equitable planetary action.

Working with climate-vulnerable states, and global experts, the Climate Governance Commission and Mobilizing an Earth Governance Alliance will offer support to build a coalition to advance this Declaration at the UN General Assembly and accelerate our shared efforts to capably and effectively manage the global environment.

Eoin Jackson is Chief of Staff and Legal Fellow at the Climate Governance Commission and Co-Convenor of the Earth Governance ImPACT Coalition; Nina Malekyazdi is a Summer Intern at the Climate Governance Commission and a graduate in International Relations of the University of British Columbia

Source: Mobilizing an Earth Governance Alliance (MEGA)

MEGA is a coalition of civil society organizations working in cooperation with like-minded governments, legislators, experts, private sector actors and other stakeholders to strengthen existing environmental governance mechanisms and establish additional mechanisms. MEGA is led by the Climate Governance Commission and World Federalist Movement-Institute for Global Policy (co-hosts) in cooperation with 28 co-sponsoring organizations.

IPS UN Bureau

 


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Apparel Group continues its Strategic Expansion in the region with 100 New Stores in the First Half of 2024

DUBAI, United Arab Emirates, Aug. 26, 2024 (GLOBE NEWSWIRE) — Apparel Group, the global leader in the fashion and lifestyle retail sector, has hit another record in its successful growth journey by opening 100+ new stores across the Middle East and Asia in the first half of 2024. Representing globally recognised brands like Steve Madden, Dune London, Athlete’s Co., Beverly Hills Polo Club, Aldo, Skechers, Tim Hortons, Asics, Hackett London, Levi’s, New Yorker, Ardene, and Allo Beirut, Apparel Group has imprinted a stronger footprint in key markets including India, Bahrain, the UAE, Oman, and Saudi Arabia.

The launch of these new stores clearly highlights Apparel Group’s unwavering commitment to offering customers an exceptional and unparalleled shopping experience. Through these new locations, Apparel Group continues to showcase its dedication to innovation and customer satisfaction, ensuring that every visit is marked by a superior level of service and a wide range of high–quality products.

Neeraj Teckchandani, the CEO of Apparel Group, said, “We are immensely proud to announce the opening of over 100 new stores in the first half of 2024. This milestone reflects our relentless commitment to expanding our footprint and enhancing the shopping experience for our customers in different communities all over the world. Each new store represents not just growth, but our dedication to innovation and excellence in the retail sector. We look forward to continuing this journey of success and delivering unparalleled value to our valued customers.”

These openings highlight Apparel Group’s strategic move towards consolidating its market presence while enhancing its commitment to bringing world–class fashion to the doorsteps of customers in these markets.

About Apparel Group LLC

Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy – Dubai, United Arab Emirates. Today, Apparel Group caters to thousands of eager shoppers through its 2,200+ retail stores and 85+ brands on all platforms while employing over 22,000+ multicultural staff.

Apparel Group has not only established a strong presence in the GCC – Bahrain, Qatar, Oman, Kingdom Of Saudi Arabia & Kuwait but also strategically expanded its reach to thriving markets in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, and Egypt. Moreover, the company has set clear strategies to venture into promising emerging markets such as Hungary and the Philippines, showcasing its forward–thinking approach.

Apparel Group has curated a diverse portfolio of brands, offering an omni–channel experience. These brands, originating from the USA, Canada, Europe, Australia, and Asia, include leading names in fashion, footwear, and lifestyles such as Tommy Hilfiger, Charles & Keith, Skechers, ALDO, Crocs, Nine West, Calvin Klein, Aéropostale, Jamie’s Italian, Tim Hortons, Cold Stone Creamery, Inglot, and Rituals. This diverse range reflects the company's versatility and adaptability.

Apparel Group owes its impressive growth to the vision and guidance of its dynamic Founder and Chairwoman, Mrs. Sima Ganwani Ved, who has taken the company from strength to strength since its inception in the last two decades.

https://www.apparelgroup.com/en/
PR@apparelglobal.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55c3546a–a4fe–4573–b4ed–a45b8fd334ce


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مجموعة أباريل تواصل توسعها الاستراتيجي في المنطقة بافتتاح 100 متجر جديد في النصف الأول من 2024

دبي، الإمارات العربية, Aug. 26, 2024 (GLOBE NEWSWIRE) —

حققت مجموعة أباريل، الشركة الرائدة عالمياً في مجالات الأزياء وأساليب الحياة، نجاحاً ملحوظاً في رحلة نموها عبر افتتاح 100 متجر جديد في الشرق الأوسط وآسيا في النصف الأول من 2024. فمن خلال تقديم علامات تجارية بارزة عالمياً مثل ستيف مادن، وديون لندن، وأثليتسكو، وبفرلي هيلس بولو كلوب، وألدو، وسكتشرز، وتيم هورتنز، واسيكس، وهاكيت لندن، وليفايز، ونيويوركر، وأردين، وألو بيروت، نجحت مجموعة أباريل بترسيخ بصمتها في أهم الأسواق العالمية مثل الهند، والبحرين، والإمارات، وعُمان، والسعودية.

افتتاح هذه المتاجر الجديدة يسلط الضوء على الالتزام الراسخ لدى مجموعة أباريل بتقديم تجربة تسوّق استثنائية لعملائها. ومن خلال هذه الفروع الجديدة، فإن مجموعة أباريل تستمر في جهودها نحو تحقيق الإبتكار ورضا العملاء من أجل تقديم أفضل الخدمات والمنتجات لكل ما يزور هذه المتاجر.

وقال السيد نيراج تيكشينداني، الرئيس التنفيذي لدى مجموعة أباريل ” نحن في غاية الفخر لافتتاح أكثر من 100 متجر جديد في النصف الأول من 2024. هذه الانجاز يعكس التزامنا ومثابرتنا لتوسيع حضورنا وتطوير تجربة التسوّق لدى عملائنا في مختلف المجتمعات حول العالم. كل متجر يدل على أكثر من مجرد النمو، بل يدل على الابتكار والالتزام بالتميز في قطاع التجزئة. كما نهدف لمواصلة رحلة نجاحنا وتقديم القيمة الاستثنائية لعملائنا الأعزاء.”

وتسلط سلسلة الافتتاحات التوجه الاستراتيجي لمجموعة أباريل نحو تعزيز حضورها في السوق بالتزامن مع التزامها بجلب الأزياء العالمية الفاخرة للمتسوقين في هذه الأسواق.

لمحة عن مجموعة أباريل

تقف مجموعة أباريل، أكبر مشغل في مجالات الأزياء وأسلوب الحياة، على مفترق طرق الاقتصاد الحديث في مدينة دبي، بدولة الإمارات العربية المتحدة. واليوم، أضحت المجموعة قادرة على تلبية احتياجات ملايين المتسوقين عبر أكثر من 2,200 متجراً وأكثر من 85 علامة تجارية وبتعيين 22,000 موظف من مختلف الثقافات.

حققت المجموعة حضوراً قوياً وراسخاً في دول مجلس التعاون الخليجي في البحرين وقطر وعُمان والمملكة العربية السعودية والكويت كما أنها نجحت في التوسيع استراتيجياً لمجالات تسويقها في الهند وجنوب أفريقيا وسنغافورة وإندونيسيا وتايلند وماليزيا ومصر. وإضافة إلى ذلك، وضعت المجموعة استراتيجيات واضحة للدخول إلى العديد من الأسواق الناشئة مثل هنغاريا والفلبين.

تدير مجموعة أباريل العديد من العلامات التجارية العالمية الشهيرة، التي انطلقت من الولايات المتحدة الأمريكية وكندا وأوروبا وأستراليا وآسيا، وتضم الكثير من الأسماء الرائدة في عالم الأزياء، الأحذية ونمط الحياة على غرار تومي هيلفيغر، تشارلز آند كيث، سكتشرز، ألدو، كروكس، ناين وست،كلفن كلاين، إروبوستال، وغيرها من الأسماء بالإضافة لعلامات تجارية رئيسية مثل تيم هورتنز، جيميز إتاليان، كولدستون كريمري، إنجلوت، ريتوالز وذلك على سبيل المثال لا الحصر.

يذكر بأن الفضل في نجاحات مجموعة أباريل ونموها المذهل يعود لرؤية وتوجيهات مؤسستها ورئيسة مجلس الإدارة سيما جنواني فيد، التي انطلقت بالشركة من القوة إلى الأقوى منذ نشأتها وعلى امتداد عقدين من الزمن.

https://www.apparelgroup.com/ar/
PR@apparelglobal.com

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