Latest news with #Circular
Arab Times
3 days ago
- Business
- Arab Times
Employer Delaying Your Exit Permit? File A Complaint Now
KUWAIT CITY, July 20: Under Circular No. 2/2025 issued recently by First Deputy Prime Minister and Minister of Interior Sheikh Fahad Al-Yousuf requiring expatriate workers in the private sector to obtain exit permits from their registered employers before leaving the country (effective from the beginning of this month), more than 100,000 exit permits have been issued to private sector expatriate workers since the implementation of the decision. Sources said the exit permits are processed through the automated systems of PAM, Ashal platform, and Sahel app, indicating the total number of issued permits is expected to double in the coming days as the travel season gains momentum. Sources disclosed that in order to streamline the process and ensure faster completion of travel procedures, the authority completed an automated link with the Ports Directorate General at the Ministry of Interior, thereby ensuring the immediate sharing of exit permit data. Sources added PAM recommends that workers print a hard copy of the permit before traveling, in case it is requested by the airlines. Sources also affirmed that only a small number of complaints regarding permit issuance have been received so far -- mostly concerning employer delays or refusal, which were promptly addressed and resolved. Sources clarified that in cases where an employer is unreasonably withholding or delaying approval, the affected worker is advised to visit the Labor Relations Unit corresponding to their company's file to lodge a formal complaint, under legal procedures. They reiterated that approval from the employer remains a requirement for the permit to be issued. Sources also quoted PAM as saying there is no limit to the number of exit permits that can be issued annually per worker, as long as the employer approves, adding that the system remains open and unrestricted in this regard. Sources explained that the time needed to obtain a permit ( especially in emergencies) depends primarily on the speed of employer approval. 'Therefore, workers are advised to submit their requests well in advance of their travel dates and to coordinate directly with their employers in urgent situations to expedite the process,' sources elaborated. Sources pointed out that workers can either print the approved permit or present it through the Sahel Individuals app to port authorities. They said the Sahel Individuals app enables workers to submit electronic exit permit requests, while the Sahel Business app allows employers to review and approve these requests quickly and conveniently.
Business Wire
10-07-2025
- Business
- Business Wire
Starlight Announces Unitholder Approval of Proposed Mergers for Private Pools
TORONTO--(BUSINESS WIRE)--Starlight Investments Capital LP (" Starlight Capital"), on behalf of Starlight Private Global Infrastructure Pool, Starlight Private Global Real Estate Pool and Starlight Global Private Equity Pool (the ' Private Pools '), held a special meeting of holders of all series of units (' Unitholders ') of the Private Pools to consider and vote upon the proposed mergers (the ' Mergers ') of each of the Private Pools into Starlight Private Global Real Asset Trust as described in the joint management information circular dated May 30, 2025 (the ' Circular '). At the special meeting, Unitholders approved the special resolution to authorize the Mergers. The Mergers are expected to be implemented on or about September 30, 2025. Further information regarding the Mergers was outlined in the Circular. The Circular is also available on SEDAR+ at Forward-looking statements This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation, including statements regarding the implementation of the Mergers. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'scheduled', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' occur or be achieved. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. Known and unknown risk factors, many of which are beyond the control of the Private Pools could cause actual results to differ materially from the forward-looking information in this press release. Accordingly, readers should not place undue reliance on forward-looking information. The Private Pools do not undertake to update or revise any forward- looking information, except in accordance with applicable securities laws. About the Private Pools The Starlight Private Global Infrastructure Pool 's investment objective is to achieve long–term capital appreciation and regular current income by investing globally in private infrastructure and infrastructure-related investments and in publicly-traded companies with direct or indirect exposure to infrastructure. The Starlight Private Global Real Estate Pool 's investment objective is to achieve long–term capital appreciation and regular current income by investing globally in private real estate investments and in public real estate investment trusts and equity securities of corporations participating in the residential and commercial real estate sector. The Starlight Global Private Equity Pool 's investment objective is to achieve long-term capital appreciation by investing in a diversified global portfolio of private equity investments and publicly traded global equity securities. About Starlight Capital and Starlight Investments Starlight Capital is an independent Canadian asset management firm with over $1 billion in assets under management. We manage Global and North American diversified private and public equity investments across traditional and alternative asset classes, including real estate, infrastructure and private equity. Our goal is to deliver superior risk-adjusted, total returns to investors through a disciplined investment approach: Focused Business Investing. Starlight Capital is a wholly-owned subsidiary of Starlight Investments. Starlight Investments is a leading global real estate investment and asset management firm with over 375 employees and $30B in AUM. A privately held owner, developer and asset manager of over 70,000 multi-residential suites and over 7 million square feet of commercial property space. Learn more at or connect with us on LinkedIn.
Business Wire
10-07-2025
- Business
- Business Wire
Starlight Private Global Real Assets Trust Announces Unitholder Approval of Proposed Amendments and Mergers
TORONTO--(BUSINESS WIRE)--Starlight Investments Capital GP Inc. (' Starlight Capital '), on behalf of Starlight Private Global Real Assets Trust (the ' Trust '), held a special meeting (the ' Meeting ') of holders of all series of units (' Unitholders ') of the Trust to consider and vote upon the proposed mergers (the ' Mergers ') of Starlight Private Global Infrastructure Pool, Starlight Private Global Real Estate Pool and Starlight Global Private Equity Pool into the Trust and certain amendments to the Trust prior to the Mergers (the ' Pre-Merger Amendments ') as described in the joint management information circular dated May 30, 2025 (the ' Circular '). At the special meeting, Unitholders approved the special resolution to authorize the Pre-Merger Amendments and Mergers. The Pre-Merger Amendments are expected to be implemented on or about July 31, 2025, or in any event, prior to the Mergers, and the Mergers are expected to be implemented on or about September 30, 2025. Further information regarding the Pre-Merger Amendments and Mergers was outlined in the Circular. The Circular is also available on SEDAR+ at Forward-looking statements Certain statements in this press release are forward-looking and involve a number of risks and uncertainties, including statements regarding the implementation of the Pre-Merger Amendments and Mergers. Forward-looking statements ('FLS') are provided for the purpose of assisting the reader in understanding the Trust's financial performance, financial position and cash flows as at and for the periods ended on certain dates and to present information about management's current expectations and plans relating to the future. Readers are cautioned such statements may not be appropriate for other purposes. FLS involve known and unknown risks and uncertainties, which may be general or specific and which give risk to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, assumptions may not be correct and objectives, strategic goals and priorities may not be achieved. FLS are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as 'may,' 'will,' 'should,' 'could,' 'expect,' 'anticipate,' 'intend,' 'plan,' 'believe,' or 'estimate,' or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Information contained in FLS is based upon certain material assumptions applied in drawing a conclusion or making a forecast or projection, including management's perception of historical trends, current conditions and expected future developments, as well as other considerations believed to be appropriate in the circumstances. Although the FLS contained herein are based upon what Starlight Capital believes to be reasonable assumptions, Starlight Capital cannot be sure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. The forward-looking statements relate only to events or information as of the date on which the statements are made in this press release. Unless required by applicable law, it is not undertaken and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. The 's investment objective is to provide unitholders with stable cash distributions and long-term capital appreciation through exposure to institutional quality real assets in the global real estate and global infrastructure sectors. Starlight Capital is an independent Canadian asset management firm with over $1 billion in assets under management. We manage Global and North American diversified private and public equity investments across traditional and alternative asset classes, including real estate, infrastructure and private equity. Our goal is to deliver superior risk-adjusted, total returns to investors through a disciplined investment approach: Focused Business Investing. Starlight Capital is a wholly-owned subsidiary of Starlight Investments. Starlight Investments is a leading global real estate investment and asset management firm with over 375 employees and $30B in AUM. A privately held owner, developer and asset manager of over 70,000 multi-residential suites and over 7 million square feet of commercial property space. Learn more at and connect with us on LinkedIn at
Business Standard
10-07-2025
- Business
- Business Standard
Desco Infratech gains on bagging Rs 2-cr of order
Desco Infratech advanced 2.20% to Rs 227.90 after the company announced that it had received order worth Rs 2.06 crore from Torrent Gas Chennai and HCG (KCE). According to an exchange filing, the order includes DPNG work for high-rise buildings in Chennai and domestic, industrial, and commercial customer connections, involving service line MDPE laying and installation of PNG connections in high-rise buildings at Hisar, Haryana. The company clarified that neither the promoter, the promoter group, nor any group companies have any financial or other interest in the awarding entities. Additionally, the company has received lowest bidder (L1) confirmation from Maharashtra Natural Gas. As per SEBI regulations and the applicable Master Circular, a separate disclosure will be made upon receipt of the Letter of Intent (LOI) or Letter of Award (LOA) from the concerned authority. Desco Infratech is an infrastructure company focused on engineering, planning, & construction, particularly in city gas distribution, renewable energy, water, and power sectors. On a full-year basis, the company's net profit surged 172.9% to Rs 9.06 crore on a 102.3% rise in revenue to Rs 59.45 crore in FY25 over FY24.
Yahoo
30-06-2025
- Automotive
- Yahoo
Innovative company uses game-changing method to address concerning issue with electric vehicle batteries — here's what's happening
A solvent recycling plant in Thailand is expanding, making the electric vehicle battery manufacturing process more environmentally friendly, Reccessary reported. The operation of an EV is much more eco-friendly than the operation of a gas-powered vehicle because EVs do not produce any tailpipe emissions, so they do not add to the air pollution that contributes to the warming of the planet. Switching from a gas-powered car to an EV is an excellent way to decrease your negative impact on the environment. That being said, the EV battery manufacturing process is often criticized for its environmental challenges, as it is the most polluting part of making an EV. Solvents are used during the production of EVs and their batteries and are a necessary part of the process due to their ability to dissolve dirt and evaporate quickly. They are a key component of the lithium-ion batteries that EVs use. Solvents are often incinerated directly after use, creating three times more carbon emissions compared to when they are recycled. Thailand's Sun-up Recycling specializes in solvent recycling. According to CEO Siamnat Panassorn, one of the industry's challenges is to retrieve solvents from used EV batteries and reuse them to produce new batteries, a process that they are trying to improve and expand, per Reccessary. Sun-up Recycling's process involves a unique distillation technology that separates mixtures in waste solvents and purifies them, Recessary reported. The result is a recycled solvent that is 99% pure. The recovery rate, or amount of reusable material, is 80-95%. They find that using recycled solvents can reduce carbon emissions produced during battery manufacturing by about 77%. The recycled solvents function almost identically to new solvents and save customers money because they no longer need to purchase new ones. Solvent recycling is a key component of Thailand's Bio, Circular, Green (BCG) policy. Introduced in 2021, the government policy encourages manufacturing industries to invest in new technologies that add value to products without increasing the negative effect they have on the environment. Panassorm has observed that the pressure for the EV manufacturing industry to reduce its environmental impact has increased over time, per Recessary. Luckily, the process is improving. Sun-up Recycling is projecting a 10% revenue growth this year and contributes some of that money to solvent recycling technology. Panassorm hopes to expand to international markets so more customers — and the environment — can benefit from the process. When you think about owning an EV, what concerns you most about public charging stations? Chargers not working Chargers not being available Charging being too expensive Charging taking too long Click your choice to see results and speak your mind. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
