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ROSEN, LEADING INVESTOR COUNSEL, Encourages STMicroelectronics N.V. to Secure Counsel Before Important Deadline in Securities Class Action – STM

NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action on behalf of purchasers of securities of STMicroelectronics N.V (NYSE: STM) between January 25, 2024 and July 24, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 22, 2024.

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

WHAT TO DO NEXT: To join the STMelectronics class action, go to https://rosenlegal.com/submit–form/?case_id=28219 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 22, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) contrary to prior representations, demand in ST’s automotive and industrial sectors continued to decline in the first half of 2024; (2) as a result, ST’s revenues and gross margins also continued to decline during this period; and (3) as a result, ST’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the STMelectronics class action, go to https://rosenlegal.com/submit–form/?case_id=28219 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action.

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

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

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

———————————————–

Contact Information:

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


GLOBENEWSWIRE (Distribution ID 9222139)

ROSEN, A LONGSTANDING LAW FIRM, Encourages lululemon athletica inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – LULU

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of lululemon athletica inc. (NASDAQ: LULU) between December 7, 2023 and July 24, 2024, both dates inclusive (the “Class Period”), of the important October 7, 2024 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the lululemon class action, go to https://rosenlegal.com/submit–form/?case_id=27808 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 7, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) lululemon was struggling with inventory allocation issues and color palette execution issues; (2) as a result, lululemon’s Breezethrough product launch underperformed; (3) as a result of the foregoing, lululemon was experiencing stagnating sales in the Americas region; and (4) as a result of the foregoing, defendants’ positive statements about lululemon’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the lululemon class action, go to https://rosenlegal.com/submit–form/?case_id=27808 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action.

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

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

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

———————————————–

Contact Information:

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


GLOBENEWSWIRE (Distribution ID 9221933)

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Moderna, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MRNA

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Moderna, Inc. (NASDAQ: MRNA) between January 18, 2023 and June 25, 2024, both dates inclusive (the “Class Period”), of the important October 8, 2024 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the Moderna class action, go to https://rosenlegal.com/submit–form/?case_id=27873 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 8, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) mRNA–1345, an mRNA respiratory syncytial virus (“RSV”) vaccine intended to protect adults aged 60 and above from lower respiratory tract disease cause by RSV infection, was less effective than defendants had led investors to believe; (2) accordingly, mRNA–1345’s clinical and/or commercial prospects were overstated; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Moderna class action, go to https://rosenlegal.com/submit–form/?case_id=27873 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action.

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

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

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

———————————————–

Contact Information:

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


GLOBENEWSWIRE (Distribution ID 9221944)

ROSEN, LEADING INVESTOR COUNSEL, Encourages Methode Electronics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MEI

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Methode Electronics, Inc. (NYSE: MEI) between June 23, 2022 and March 6, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 25, 2024.

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

WHAT TO DO NEXT: To join the Methode class action, go to https://rosenlegal.com/submit–form/?case_id=21318 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 25, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Methode had lost highly skilled and experienced employees during the COVID–19 pandemic necessary to successfully complete Methode’s transition from its historic low mix, high volume production model to a high mix, low production model at its Monterrey, Mexico facility; (2) Methode’s attempts to replace its General Motors (“GM”) center console production with more diversified, specialized products for a wider array of vehicle manufacturers and Original Equipment Manufacturers (“OEMs”), in particular in the electric vehicle (“EV”) space, had been plagued by production planning deficiencies, inventory shortages, vendor and supplier problems, and, ultimately, botched execution of Methode’s strategic plans; (3) Methode’s manufacturing systems at its critical Monterrey facility suffered from a variety of logistical defects, such as improper system coding, shipping errors, erroneous delivery times, deficient quality control systems, and failures to timely and efficiently procure necessary raw materials; (4) Methode had fallen substantially behind on the launch of new EV programs out of its Monterrey facility, preventing Methode from timely receiving revenue from new EV program awards; and (5) as a result of the foregoing, Methode was not on track to achieve the 2023 diluted earnings per share (“EPS”) guidance or the 3–year 6% organic sales compound annual growth rate (“CAGR”) represented to investors and such estimates lacked a reasonable factual basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Methode class action, go to https://rosenlegal.com/submit–form/?case_id=21318 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action.

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

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

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

———————————————–

Contact Information:

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


GLOBENEWSWIRE (Distribution ID 9221929)

CVS FINAL DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages CVS Health Corporation Investors to Secure Counsel Before Important September 10 Deadline in Securities Class Action – CVS

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of CVS Health Corporation (NYSE: CVS) between May 3, 2023 and April 30, 2024, both dates inclusive (the “Class Period”), of the important September 10, 2024 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the CVS class action, go to https://rosenlegal.com/submit–form/?case_id=24975 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 10, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the forecasts CVS used to determine plan premiums were ineffective at accounting for medical cost trends and health care utilization patterns; (2) as a result, CVS was likely to incur significant expenses to cover cost increases that were not accounted for in the CVS’ forecasts and thus not covered by plan premiums; (3) accordingly, CVS had overstated the profitability of its Health Care Benefits segment; (4) contrary to defendants’ assurances, the revenues generated from CVS’ other primary segments were insufficient to offset the negative financial impact of the increasing expenditures within the Health Care Benefits segment; and (5) as a result, CVS’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the CVS class action, go to https://rosenlegal.com/submit–form/?case_id=24975 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action.

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

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

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

———————————————–

Contact Information:

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


GLOBENEWSWIRE (Distribution ID 9221927)

Bangladesh Students, Community Moves to Protect Minorities Following Fall of Hasina Government

Students and youth groups in Bangladesh stand guard outside temples and churches to protect those from vandalism during unrest after the Awami League government ouster. Credit: Rafiqul Islam/IPS

Students and youth groups in Bangladesh stand guard outside temples and churches to protect those from vandalism during unrest after the Awami League government ouster. Credit: Rafiqul Islam/IPS

By Rafiqul Islam
DHAKA, Aug 28 2024 – Immediately after the fall of the Sheikh Hasina government on August 5, 2024, following weeks of deadly demonstrations staged by students, people carried out attacks on the houses and temples of the Hindu community in Dacope of Khulna, about 225 kilometres from Dhaka. They particularly attacked and vandalized the houses of minorities believed to be involved in the politics of the ousted Awami League government.

At least 11 Hindu houses in Dacope were attacked and vandalized, with attackers claiming these were acts of political revenge.

But, in Dacope, local Muslim and Hindu students and the community soon joined together to guard the houses and temples of the minorities so that they would no longer be victimized due to the political changeover.

Beginning in mid-June 2024, peaceful student protests in Bangladesh turned violent, resulting in hundreds of people killed, including at least 32 children, and thousands injured. The protests were the result of the reinstatement of a quota system for the distribution of civil service positions.

The government resigned in response to the protests, and a civilian interim government took its place.

In other areas too, attacks were carried out on the offices of the Awami League (AL) and residences and establishments of the AL leaders and temples, churches and houses of minority communities across Bangladesh during unrest.

Nur Nabin Robin, a resident of Chattogram City, said many people from minority communities, including Hindus, Buddhist and ethnic people, live in the port city in harmony.

But when the Sheikh Hasina government fell on August 5, people of the minority communities began to feel insecure in Chattogram since attacks on minorities were reportedly being carried out in different parts of the country, he said.

“So, we patrolled in the city for two to three nights in groups and guarded the temples and houses of the minorities so that none could attack them. We also asked them to call us via mobile phone if they can sense any clue of attack on them,” Robin told IPS.

Their concerns were exacerbated because most police stations across the country ceased operating after the fall of the previous government.

General students and even madrasa students came forward to protect the houses and places of worship as the leaders of the Anti-Discrimination Student Movement asked supporters to guard temples and churches, responding to concerns voiced over reports of attacks on minority groups.

Jasim Uddin, a resident of Kuliarchar in Kishoreganj, told IPS that after the fall of Sheikh Hasina’s government, mobs torched and vandalized houses of many AL leaders in his locality, but members of the Hindu community remained safe during the political turmoil as local people voluntarily safeguarded their temples and properties.

While national monuments and government buildings in the capital, Dhaka, were looted, there were no reports of attacks on temples or churches there during the recent political turmoil.

In Dhaka, Muslim students were found guarding the Dhakeshwari National Temple, a Hindu place of worship. A Muslim was spotted offering prayers in front of Dhakeswari temple so nobody would attack the temple.

Professor Muhammad Yunus, Chief Adviser to the interim government of Bangladesh, visited Dhakeshwari National Temple on August 13, 2024, to express his solidarity with the Hindu community. During his visit, he called upon the minorities to keep patience and remain united.

Yunus condemned the attacks on minority communities in the country as “heinous.”

Religious harmony is the long tradition of Banglalees, while people from different religions—Islam, Hindu, Buddhist, Christian—have been living together from generation to generation.

“Over 90 percent people in Bangladesh do not believe in communalism. Attacks were carried out on minorities due to political reason or gaining personal interest. Those who carried out looting and vandalism were not involved in the student movement,” adviser to interim government Syeda Rizwana Hasan told a function recently in Dhaka.

She said madrasa students had safeguarded temples in many places of Bangladesh, which showed an example of the country’s religious harmony.

Barrister Sara Hossain, the honorary executive director of the Bangladesh Legal Aid and Services Trust (BLAST), said once miscreants carry out any attack on minorities, all should protect them.

CONCERN REMAINS

Following the fall of the Sheikh Hasina government, there was chaos across the country, with law enforcement officials retreating in many places for fear of retaliation.

According to a report of the Office of the High Commissioner for Human Rights (OHCHR) of the United Nations released on August 16, 2024, attacks were conducted against minorities, including Hindus, especially in the days immediately after the change of government.

The OHCHR report recognized the role of the student organizations and other ordinary people who were forming groups to protect the minorities.

It details some of the attacks against minorities, including Hindus, especially in the days immediately after the change of government. On August 5 and 6, Hindu houses and properties were reportedly attacked, vandalized and looted in 27 districts. A number of places of worship were also damaged, including an ISKCON temple in Meherpur, Khulna division, which was vandalized and set on fire.

On August 5 and 6, Hindu houses and properties were reportedly attacked, vandalized and looted in 27 districts, while many temples were also damaged, including an ISKCON temple in Meherpur, Khulna division, which was vandalized and set on fire.

The Bangladesh Hindu Buddhist Christian Unity Council (BHBCUC) claimed that around 200-300 Hindu homes and businesses were vandalized since August 5 last while 15-20 Hindu temples were damaged.

IPS UN Bureau Report

 


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شركة WINGIE الرائدة في مجال السفر تكشف عن بيانات حول اتجاهات السفر في الصيف في المملكة العربية السعودية

دبي، الإمارات العربية المتحدة والرياض، المملكة العربية السعودية،, Aug. 28, 2024 (GLOBE NEWSWIRE) — مع اقتراب موسم السفر الصيفي من نهايته، تشارك WINGIE، سوق السفر الرائد في الشرق الأوسط وشمال إفريقيا، رؤى رئيسية حول أنماط السفر لمستخدميها في المملكة العربية السعودية. شهد صيف 2024 زيادة ملحوظة بنسبة 70% في حجوزات رحلات الطيران مقارنة بالعام الماضي، مما يعكس زيادة كبيرة في حماس السكان للسفر.

برَزَت المملكة العربية السعودية، ومصر، والإمارات العربية المتحدة، وتركيا كأهم الوجهات للمسافرين المغادرين من السعودية خلال الأشهر الثلاثة الماضية. أكثر المسارات الداخلية استخدامًا كانت بين الرياض وجدة، بينما كانت المسارات الدولية الأكثر استخدامًا هي جدة إلى القاهرة والرياض إلى القاهرة. بالإضافة إلى ذلك، سلطت مسارات مثل الرياض إلى إسطنبول، وجدة إلى دبي، الضوء على الأهمية المستمرة للسفر الإقليمي، في حين أظهر مسار جدة إلى لندن بعض الاهتمام بالسفر الدولي. ورغم تنوع اهتمامات السفر، إلا أن التركيز يظل في الغالب على الرحلات الداخلية والوجهات الإقليمية.

وتكشف البيانات الديموغرافية أن 36% من المسافرين كانوا في الفئة العمرية بين 25–34 عامًا، يليهم بنسبة 33% الذين تتراوح أعمارهم بين 35–44 عامًا، مما يشير إلى قاعدة مسافرين شابة وديناميكية. كانت نسبة الذكور بين المسافرين مرتفعة، حيث كان 88% من المسافرين من الذكور و12% من الإناث. كما أن 37% من الحجوزات تمت من قبل مسافر واحد، و25% لمسافريين اثنين، و7% لثلاثة مسافرين، مما يعكس نمطًا من تفضيلات السفر التي تتراوح بين الرحلات الفردية والرحلات الجماعية الصغيرة خلال أشهر الصيف.

ومع تزايد الطلب على السفر، تستخدم WINGIE تقنيات الذكاء الاصطناعي المتقدمة لتوفير خيارات متنوعة للرحلات، وأسعار تنافسية، وتجربة حجز سلسة، مما يضمن رحلة مريحة للجميع.

عن مجموعة Wingie Enuygun

مجموعة Wingie Enuygun هي سوق سفر رائدة في منطقة الشرق الأوسط وشمال أفريقيا، وتختص في رحلات الطيران من خلال منصاتها wingie.ae ،sa.wingie.com ،wingie.com وenuygun.com. تقدم الشركة مجموعة واسعة من منتجات السفر بما في ذلك رحلات الطيران وحجز الفنادق وتأجير السيارات وتذاكر الحافلات. تشتهر مجموعة Wingie Enuygun بابتكاراتها، وهي في طليعة صناعة السفر عبر الإنترنت في منطقة الشرق الأوسط وشمال أفريقيا، ورائدة في مجال التقدم التكنولوجي وتقود التحول الرقمي داخل الصناعة.

يستفيد Wingie من تقنية الذكاء الاصطناعي المتقدمة لتوفير تجربة مستخدم سلسة، مع ميزة الربط الافتراضي لرحلات الطيران ومجموعة متنوعة من تذاكر الطيران ومحتوى السفر. المنصة متاحة بست لغات، وتوظف أكثر من 400 شخص، وتجذب حوالي 200 مليون زائر سنويًا، مما يؤكد مكانتها كخيار مميز للمسافرين.

للتواصل: marketing@wingie.com


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Leading Travel Marketplace WINGIE Reveals Data-Driven Insights on Saudi Arabian Summer Travel Trends

DUBAI, United Arab Emirates and RIYADH, Saudi Arabia, Aug. 28, 2024 (GLOBE NEWSWIRE) — As the summer travel season comes to a close, WINGIE, the leading travel marketplace in the MENA region, shares key insights into the travel patterns of its Saudi Arabian users. The summer of 2024 witnessed a remarkable 70% increase in flight bookings compared to the previous year, reflecting a significant surge in residents' enthusiasm for travel.

Saudi Arabia, Egypt, the United Arab Emirates, and Türkiye emerged as the top destinations for travelers departing from Saudi Arabia over the last three months. Domestic flights within Saudi Arabia were particularly prominent with Riyadh–Jeddah, while Jeddah–Cairo, and Riyadh–Cairo being among the most frequented routes. Additionally, routes such as Riyadh–İstanbul, Jeddah–Dubai, and Jeddah–London highlighted the continued importance of regional travel, as well as showcasing some international travel interests. Although the routes reflect varied travel interests, the emphasis remains largely on intra–Kingdom journeys and regional destinations.

The demographic data reveals that 36% of travelers were aged between 25–34 years, closely followed by 33% aged 35–44 years, indicating a youthful and dynamic traveler base. The gender distribution was skewed, with 88% of travelers being male and 12% female. 37% of bookings were made by solo travelers, with 25% for two passengers and 7% for three passengers, illustrating a pattern of travel preferences ranging from individual adventures to small group trips during the summer months.

As travel demand grows, WINGIE uses advanced AI technology to provide optimal flight options, competitive fares, and seamless booking experiences, ensuring a smooth journey for all.

About Wingie Enuygun Group

Wingie Enuygun Group is a leading travel marketplace in the MENA region, specializing in flights through its platforms wingie.com, sa.wingie.com, wingie.ae and enuygun.com. The company offers a comprehensive range of travel products including flights, hotels, rental cars and bus tickets. Recognized for its innovation, Wingie Enuygun Group is at the forefront of the MENA online travel space, pioneering technological advancements and driving digital transformation within the industry.

Wingie leverages advanced AI technology to provide a seamless user experience, featuring virtual interlining for flights and a diverse array of airline tickets and travel content. The platform is available in six languages, employs over 400 people, and attracts approximately 200 million visitors annually, reaffirming its position as a premier choice for travelers.

Contact: marketing@wingie.com


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UN Efforts for a Resilient Iraq

UN agencies are working together to integrate traditional knowledge with modern technology, optimizing water use for agriculture. Credit: FAO Iraq

By Ghulam Isaczai
BAGHDAD, Iraq, Aug 28 2024 – Climate change and water scarcity pose significant threats to Iraq’s stability, prosperity, and the well-being of its people. The environmental challenges facing the nation are complex and interconnected, requiring a comprehensive and coordinated response.

In Iraq, the United Nations Country Team (UNCT), under my leadership, has been at the forefront of addressing these critical issues, working tirelessly to build a more sustainable and resilient future for all Iraqis.

Through the Resident Coordinator’s Office (RCO), we aim to leverage the diverse expertise and resources of different UN agencies, fostering a coordinated and integrated approach to development challenges.

Through this collaborative model, we can maximize our impact and deliver holistic solutions to tackle the interconnected web of factors that contribute to climate change and water scarcity.

This includes not only mitigating the immediate effects of these environmental threats but also addressing their underlying causes, such as unsustainable water management practices and overreliance on fossil fuels.

United Nations Resident Coordinator in Iraq Ghulam Isaczai visiting a water project site. Credit: UN in Iraq

The UN in Iraq has made a lasting impact in Iraq through a number of key initiatives. These include:

1) Forging climate resilience

Iraq is highly vulnerable to climate change impacts, including rising temperatures, droughts, and desertification severely impacting agricultural productivity and social stability. To address this, the UNCT, in cooperation with the Iraqi Government, organized Iraq’s first Climate Conference in Basra in 2023. This event resulted in the “Basra Declaration” with key government commitments and initiatives like an afforestation campaign, aimed at enhancing Iraq’s climate resilience.

These efforts led to increased national and international awareness and cooperation on climate issues, establishing a framework for future environmental and policy planning, including the National Adaptation Plan (NAP) and Nationally Determined Contributions (NDC).

The Basra Declaration aims at strengthening Iraq’s institutional, technical, and financial capacities to tackle climate change by mainstreaming medium- to long-term adaptation strategies into national and local planning.

2) Advancing water security

Iraq suffers from a critical water crisis due to reduced rainfall and over-utilization of the Tigris and Euphrates rivers. These challenges are exacerbated by inefficient water management and agricultural practices.

Last year, Iraq was the first country in the Middle East to join the UN Water Convention, underscoring the country’s commitment to boosting regional cooperation and ensuring equitable water use, essential for the stability and prosperity of the region.

In alignment with these national objectives, the RCO is leading a ‘Water Task Force’ that brings together UN agencies in Iraq to enhance water governance, boost agricultural resilience, and improve sustainable water usage.

For instance, the UN Educational, Scientific and Cultural Organization (UNESCO) and the Food and Agriculture Organization (FAO) are working together to integrate traditional knowledge with modern technology, optimizing water use for agriculture—an essential step for bolstering Iraq’s food security.

Meanwhile in the Sinjar district, a United Nations Office for Project Services (UNOPS) initiative, funded by the Italian government is transforming local water access, in-line with the need to ensuring safe water for all Iraqis. Similarly, in Ninewa Governorate, the UN Children’s Fund (UNICEF) installed water desalination systems in seven villages, significantly improving living conditions.

3) Preserving the Mesopotamian Marshes

The Mesopotamian Marshes, a unique ecosystem and a UNESCO World Heritage Site, are threatened by climate change, pollution, and unsustainable water management practices, leading to severe ecological and human impacts.

The RCO coordinated efforts across UN agencies to conserve the marshes by developing environmental strategies, supporting afforestation projects and facilitating community-based adaptation plans to improve the livelihoods of local communities.

For example, the World Food Programme (WFP) is undertaking afforestation projects in both southern Iraq and the Kurdistan Region, aligning with the government objective of planting five million trees by 2029. These efforts are directly contributing to the national climate change strategy through the Local Adaptation Plan, focusing on areas most impacted by climate change.

Furthermore, the UN has led legislative advancements in natural resource management, including the adoption of the Environmental Strategy and the National Sustainable Land Management Strategy and Action Plan, which are crucial for agriculture and marshland conservation.

These initiatives have helped restore ecological balance, supported local livelihoods, and bolstered the marshlands’ resilience to environmental pressures, thereby securing their status as a UNESCO World Heritage Site.

4) Developing renewable energy policies

Iraq’s heavy reliance on fossil fuels not only constrains its economic stability but also contributes to substantial greenhouse gas emissions. The country has significant potential for renewable energy development but faces challenges in attracting investment and developing necessary infrastructure.

To address this gap, the UN facilitated the revision and adoption of Iraq’s Renewable Energy Law, a pivotal move towards boosting renewable energy investment and development. The revised Renewable Energy Law has created a more favourable environment for renewable energy investment.

Similarly, an initiative by the United Nations Development Programme (UNDP) is supporting Iraq’s shift away from oil-dependence, through the NAP – which outlines efforts to reduce emissions and prepare for the effects of climate change. The UN is also assisting Iraq develop its NDCs for 2025, which is the country’s commitment to reduce emissions and adapt to climate change as part of the Paris Agreement.

These efforts have opened avenues for increased investment in renewable energy, promoting sustainable economic growth and reducing the country’s carbon footprint.

A sustainable and resilient future for Iraq

The collective work of the UN in Iraq has set the country on a promising trajectory towards climate sustainability and resilience. Our upcoming United Nations Sustainable Development Cooperation Framework (UNSDCF) for 2025-2029 will outline our efforts to help Iraq mitigate and adapt to climate change, manage water resources sustainably, and protect its unique environmental and cultural heritage.

As we look to the future, the UN in Iraq remains committed to supporting the government and people of Iraq in their pursuit of a sustainable and resilient future.

Ghulam Isaczai is United Nations Resident Coordinator in Iraq. To learn more about the work of the UN in Iraq visit iraq.un.org.

IPS UN Bureau

 


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amana Introduces Competitive 4.5% Interest on Free Margin, Setting a New Standard for MENA’s Retail Customers

DUBAI, United Arab Emirates, Aug. 28, 2024 (GLOBE NEWSWIRE) — amana, a leading online trading platform in the Middle East, has introduced a new benefit for its retail customers, amanaEARN: a 4.5% interest rate on any free margin in their accounts, calculated daily and paid out each month directly into customer accounts.

Unlike traditional fixed deposits in banks that generally require a lock–in period, amana allows customers to earn 4.5% on idle funds with no strings attached, providing both flexibility and financial growth potential. Customers can invest and trade freely on the amana trading app, knowing that any cash not actively in the market still earns interest.

“This offering sets amana apart from the competition. Our customers not only enjoy access to diverse markets and assets, including zero–cost MENA stocks and over 100 crypto coins, but now they can also earn interest on their inactive cash. By having cash ready in their account, customers can act fast whenever a market opportunity for trading or investment arises, but now they will also be earning interest on that cash while waiting for that opportunity. It’s a game–changer for anyone serious about maximizing their investment potential,” said Muhammad Rasoul, CEO of amana.

“We always aim to provide our customers with unmatched financial advantages. I’m confident that this new interest rate offering positions us strongly against regional banks and competitors, making it financially sensible to choose amana for both investment and trading.”

This initiative underscores amana’s commitment to delivering unmatched financial advantages to its customers, positioning it as a leader in the regional market. By adding significant value to the suite of financial services, amana aims to further boost customer acquisition and retention.

All direct amana retail customers are automatically enrolled in this program, making the benefit seamless and straightforward (customers who prefer not to gain interest can easily opt–out).

For more information, please visit amana’s website.

About amana

amana is a leading neobroker. It provides retail investors and active traders with direct access to the global financial markets, serving clients across MENA. It operates multiple offices across Dubai, London, Limassol, and Beirut.

www.amana.app

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5ee41602–c174–4cff–aa2b–9290308d740a


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