Latest news with #MIS
Borneo Post
4 days ago
- Business
- Borneo Post
S'wak mosque cooperatives urged to go digital, tap wider markets
Misnu (third right) presents the certificate of participation to a representative of Masjid Darul Ulum Taman Desa Ilmu, Kota Samarahan. KUCHING (May 30): Mosque cooperatives should embrace digitalisation to better distribute and market their products, said Sarawak Islamic Council (MIS) president Datuk Misnu Taha. He stressed that digitalisation can enhance the reach of cooperative goods and products, potentially opening access to both national and global markets. 'To strengthen cooperatives, we need people who understand digital technology. That is why we have to take in young people in reaching this goal,' he said during a knowledge discourse programme, themed 'Empowering Masjid Kariah' at a hotel here. In this regard, Misnu urged the Cooperative Commission of Malaysia (SKM) to create a platform for educating people on ways to use the digital tools to generate profit. 'We must make efforts to ensure that mosques have their own financial resources, and not only rely on donations from the people.' He also revealed that MIS will organise the Masjid Kariah Cooperative Award ceremony next year to encourage excellence and innovation among mosque cooperatives in growing their businesses. Malaysia Cooperative Institution (IKMa) director-general Mohd Zaib Mat Yunis, who was also present, added that IKMa Sarawak plans to implement three workshops focusing on the development of Masjid Kariah cooperatives. 'The planned follow-up workshops include the Strategic Management Workshop, Targeted Technical Workshop, and Records and File Management Workshop.' He said a total of 650 programmes across the country are set to commence in 2025, with 60 of these programmes scheduled to take place in Sarawak—all of which will encompass a diverse range of focus areas. 'These include 21 Cooperative Leadership Development Programmes (PIMPIN), aimed at enhancing leadership capacity within cooperatives; 18 Basic Cooperative Business Programmes (CoopBif), designed to build foundational business skills; 11 Cooperative Advisory Service Programmes, providing hands-on guidance and mentoring; and 10 Youth and Community Cooperative Programmes, focused on encouraging active participation of young people and local communities in cooperative activities.' These initiatives, he explained, reflect IKMa's commitment to supporting the growth and sustainability of cooperatives in Sarawak through targeted education, training, and community engagement. digital lead misnu taha Mosque cooperatives
Arab News
5 days ago
- Business
- Arab News
Closing Bell: Saudi main index closes in red at 10,990
RIYADH: Saudi Arabia's Tadawul All Share Index slipped on Thursday, as it shed 62.35 points, or 0.56 percent, to close at 10,990.41. The total trading turnover of the benchmark index was SR10.20 billion ($2.72 billion), with 169 of the listed stocks advancing and 74 declining. The Kingdom's parallel market Nomu also dropped 123.20 points to close at 26,809.75. The MSCI Tadawul Index declined by 0.70 percent to 1,403.80. The best-performing stock on the main market was Saudi Reinsurance Co. The firm's share price soared by 9.31 percent to SR50.50. The share price of East Pipes Integrated Co. for Industry increased by 7.83 percent to SR124. Arabian Drilling Co. also saw its stock price edging up by 5.12 percent to SR84.20. Conversely, the share price of Makkah Construction and Development Co. declined by 5.65 percent to SR96.80. On the announcements front, Al Moammar Information Systems Co., also known as MIS, said that it signed a contract valued at SR58.93 million with the Saudi Data and Artificial Intelligence Authority to operate and maintain the National Unified Visa Platform. In a Tadawul statement, the company stated that the contract is valid for 36 months, with no related parties involved in the deal. MIS added that the contract is expected to have an impact on the company's financial results starting from the third quarter of this year. The share price of MIS rose by 1.66 percent to SR134.80. Al Kathiri Holding Co. said that its subsidiary, Saraya Al Diyar Investment Co., has entered into a long-term lease agreement valued at SR143.1 million with the Aseer Municipality to build and operate a mixed-use hotel and commercial complex in Abha. Under the deal, Saraya Al Diyar Investment Co. will establish a four-star hotel with 180 keys, as well as retail and entertainment facilities in the project that spans a total area of 53,000 sq. meters. The new contract is in line with Al Kathiri Holding's strategic direction to diversify its investment portfolio and expand into promising, high-impact sectors, aligning with the goals of Saudi Vision 2030, the company said in the statement. Al Kathiri Holding Co.'s share price was unchanged at SR2.08 by the end of Thursday's trading.
Yahoo
6 days ago
- Business
- Yahoo
Sternal Closure Systems Market Size to Grow USD 6.32 Billion by 2031 with 6.1% CAGR, Advancements in Surgical Techniques and Rising Incidence of Cardiovascular Diseases Fuel
The global sternal closure systems market growth is driven by the increasing prevalence of cardiovascular diseases, advancements in surgical techniques, and a rising geriatric population. US & Canada, May 28, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the sternal closure systems market is witnessing significant growth owing to the advancements in surgical techniques and the rising incidence of cardiovascular diseases (CVDs). The sternal closure systems market analysis focuses on advancements such as rigid plate fixation systems and bioabsorbable sternal closure devices. These advancements are expected to accelerate the market growth in the coming years. The report runs an in-depth analysis of market trends, key players, and future opportunities. Titanium-based systems dominate due to their biocompatibility and strength. Key players include Johnson & Johnson (DePuy Synthes), Zimmer Biomet, KLS Martin Group, B. Braun Melsungen AG, and Stryker Corporation. To explore the valuable insights in the sternal closure systems Market report, you can easily download a sample PDF of the report - Overview of Report Findings 1. Market Growth: The sternal closure systems market value is expected to reach US$ 6.32 billion by 2031 from US$ 4.22 billion in 2024; the market is anticipated to register a CAGR of 6.1% during 2025–2031. The market growth is attributed to the advancements in surgical techniques, the rising incidence of CVDs, and technological innovations in closure devices. 2. Advancements in Surgical Techniques: Conventional open-heart surgeries involving full sternotomy are progressively being supplemented or substituted by cutting-edge methods such as minimally invasive surgery (MIS), robotically assisted procedures, and enhanced recovery after surgery (ERAS) protocols. These technologies necessitate sternal closure systems to offer greater stability, support smaller incisions, and enable quicker healing. Rigid plate fixation systems, bioabsorbable implants, and individually designed implants are now available to address these changing surgical needs. These technologies provide better biomechanical stability compared to traditional wire cerclage, minimizing the chances of complications such as sternal dehiscence, non-union, and postoperative infections. Sternal closure systems that facilitate quicker patient mobilization and shorter hospital stays are being preferred by surgeons nowadays, which is consistent with contemporary healthcare priorities of efficiency and value-based care. Furthermore, the movement toward patient-specific procedures, such as 3D-printed implants and hybrid surgical techniques, has driven the demand for flexible and precision-driven solutions in closure. With the emergence of sophisticated surgical procedures and a surge in minimally invasive techniques, the demand for sophisticated, dependable closure systems rises even higher. Such a progression in surgical technique continues to drive innovation within the sternal closure systems market, ensuring ongoing worldwide growth. 3. Rising Incidence of Cardiovascular Diseases (CVDs): The increasing prevalence of CVDs is the key driver for the sternal closure systems market. Heart disease is the major cause of death globally, and as populations age, become less active, and consume poor diets, coronary artery disease, heart valve abnormalities, and congenital heart disease get more prominent. These ailments frequently necessitate surgical procedures such as coronary artery bypass grafting (CABG), heart valve replacement, or corrective surgeries—most of which involve a median sternotomy, in which the sternum is opened to reach the heart. The surgical procedure requires successful postoperative sternal closure to facilitate successful healing, reduce complications such as sternal dehiscence or infection, and enable quick patient recovery. With the rate of cardiac surgery increasing each year, particularly in high-burden areas such as North America, Europe, and developing economies in Asia Pacific, the demand for sophisticated sternal closure systems such as rigid fixation plates, bioabsorbable implants, and patient-specific solutions has increased dramatically. In addition, hospitals are shifting focus toward outcome-driven care, which makes durable, safe, and patient-comfortable closure methods the need of the hour. This trend, driven by the increasing CVD burden, is likely to continue driving innovation and uptake in the global sternal closure systems market. 4. Geographical Insights: In 2024, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. Asia Pacific is expected to register the highest CAGR during the forecast period. Market Segmentation Based on product, the sternal closure systems market is bifurcated into closure devices and bone cement. The closure devices segment held a larger market share in 2024. By procedure, the sternal closure systems market is segmented into median sternotomy, hemisternotomy, bilateral thoracosternotomy, and others. The median sternotomy segment dominated the market in 2024. In terms of material, the sternal closure systems market is segmented into titanium, polyether ether ketone, stainless steel, and others. The titanium segment dominated the market in 2024. The sternal closure systems market is segmented into five major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Stay Updated on The Latest sternal closure systems Market Trends: Competitive Strategy and Development Key players: Johnson and Johnson Services, Inc.; A&E Medical Corporation; B. Braun Melsungen AG; DePuy Synthes; Acute Innovations LLC; KLS Martin Group; IDEAR S.R.L.; Zimmer Biomet Holdings, Inc.; ABYRX, Inc.; and Kinamed Incorporated are among the major companies operating in the sternal closure systems market. Trending topics: Advancements in Closure Devices, Emergence of Bioadhesive Materials, Integration of Robotic and Minimally Invasive Systems, Development of Smart and Biodegradable Systems. Headlines on Sternal Closure Systems DePuy Synthes, The Orthopaedics Company of Johnson & Johnson and part of Johnson & Johnson MedTech, announced the launch of the MatrixSTERNUM Fixation System, a plate and screw fixation system to help stabilize and secure the front part of the chest wall after open-heart surgery and chest surgery. Able Medical Devices announced the launch of Valkyrie Looped Sternotomy Sutures. The stainless-steel looped wire sutures are used to close a patient's chest after open heart surgery. Zimmer Biomet has acquired A&E Medical and its complete portfolio of sternal closure devices – including sternal sutures, cable systems, and rigid fixation – along with a range of single-use complementary temporary pacing wire and surgical punch products. Purchase Premium Copy of Global sternal closure systems Market Size and Growth Report (2020-2030) at: Conclusion The sternal closure systems market is witnessing high growth due to the rising incidence of cardiovascular diseases and technological advancements in surgery. The introduction of rigid plate fixation, bioabsorbable technology, and patient-specific 3D-printed implants has improved outcomes through greater stability and lower complications. Migration toward minimally invasive procedures and improved infection control drives the need for advanced closure solutions. Growth in awareness among medical professionals and positive reimbursement policies are also driving market uptake. Therefore, the market is expected to continue to propel as technology improves and the demand for efficient, safe sternal closure techniques increases worldwide. The report from The Insight Partners provides several stakeholders—including closure devices and bone cement manufacturers—with valuable insights to successfully navigate this evolving market landscape and unlock new opportunities. Talk to Us Directly: Trending Related Reports: About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: Phone: +1-646-491-9876 Home -
Scoop
22-05-2025
- Business
- Scoop
FMA Issues A Warning On Managed Investment Scheme
Press Release – Financial Markets Authority FMA has issued a public warning about a managed investment scheme operated by Jesse Joseph Vaughan and former NZ company Crypto Partners Limited (CPL). The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has issued a public warning about a managed investment scheme operated by Jesse Joseph Vaughan and former NZ company Crypto Partners Limited (CPL). FMA Executive Director of Response and Enforcement Louise Unger said, 'We understand that Mr Vaughan, the sole director and shareholder of formerly registered company CPL, has offered investments in a managed investment scheme (MIS) operated by CPL. He did so without holding a MIS manager licence, and without providing the required disclosure, which are both contraventions of the Financial Markets Conduct Act 2013.' Mr Vaughan also told his investors in a newsletter that he had applied for a MIS manager's licence, and that it was being reviewed by the FMA. 'I can confirm that neither Mr Vaughan nor CPL has ever applied to the FMA for any form of market services licence,' said Ms Unger. 'One of the main purposes of the market services licensing regime is to require licensees to act with integrity, diligence and skill and in the best interests of investors using their services. We consider that CPL and Mr Vaughan's conduct has been contrary to these obligations and investors are likely to have experienced significant detriment as a result. 'The FMA will continue to take actions when we see misconduct damaging the trust and confidence in New Zealand's financial markets and businesses. We do this to both prevent and deter others from doing this and, in this case, to hold Mr Vaughan to account,' concludes Ms Unger.
NZ Herald
22-05-2025
- Business
- NZ Herald
Financial Markets Authority warns against unlicensed investment scheme run by crypto company
'He did so without holding an MIS manager licence, and without providing the required disclosure, which are both contraventions of the Financial Markets Conduct Act 2013.' Vaughan also incorrectly told his investors in a newsletter that he had applied for an MIS manager's licence and that it was under FMA review. 'I can confirm that neither Mr Vaughan nor CPL has ever applied to the FMA for any form of market services licence.' Unger promised that Vaughan would be held to account. 'One of the main purposes of the market services licensing regime is to require licensees to act with integrity, diligence and skill and in the best interests of investors using their services. 'We consider that CPL and Mr Vaughan's conduct has been contrary to these obligations and investors are likely to have experienced significant detriment as a result.' Investors in CPL who have not had their investments returned are encouraged to contact the FMA, as are people who have been invited by Vaughan to invest in his business. Jaime Lyth is a multimedia journalist for the New Zealand Herald, focusing on crime and breaking news. Lyth began working under the NZ Herald masthead in 2021 as a reporter for the Northern Advocate in Whangārei.
