Latest news with #USD300
Cision Canada
05-08-2025
- Business
- Cision Canada
VT Trading Arena Heats Up With Less than One Month Left as Traders Compete for the Prize Pool of up to USD1,000,000 Français
SYDNEY, Aug. 5, 2025 /CNW/ -- VT Markets ' 10 week global trading competition, VT Trading Arena, has reached new milestones, reinforcing its status as one of the premier global trading events of the year as traders compete for a share of the remarkable USD1,000,000 prize pool. The VT Trading Arena has witnessed an overwhelming global response, attracting traders of all experience levels. This impressive turnout reflects the international appeal of the competition, which has united traders from various regions and backgrounds. - Total Trading Volume Surpasses USD2B in the First 4 Weeks: This immense trading activity is a clear reflection of the serious stakes participants are playing for and the competitive spirit that defines the event. - Most Traded Symbols: The most-traded symbols in the competition reveal valuable insights into the strategies of global traders. High-volume Forex pairs, such as EUR/USD, GBP/USD, and USD/JPY, dominate the leaderboard. This strategic focus on major currency pairs underscores the importance of liquidity and price movements in shaping effective trading strategies. As traders adapt their approaches to market conditions, these popular pairs remain at the heart of the action. - USD300,000 Awarded Through Spin the Wheel: A key feature of the competition, the Spin the Wheel reward mechanism, has already distributed over USD300,000 in cash prizes and additional rewards. Participants have enjoyed multiple opportunities to win various prizes, including cash payouts, trading vouchers, and exclusive event tickets, adding an extra layer of excitement to the competition. The VT Trading Arena rewards participants throughout the competition, with the top trader every 5 weeks receiving a grand prize of USD10,000. Second and third place finishers are awarded USD7,000 and USD3,000, respectively, providing further motivation to remain engaged. *Terms and Conditions apply. Adding to the excitement of the VT Trading Arena, VT Markets are rolling out a series of upcoming flash sale promotions: - 10-Day Flash Sale (August 25 - Sep 3): Earn up to $300 cashback when you trade with selected group of US and metal products! - 5-Day Limited-Time Offer (August 18-22): Stand a chance to win a 14-inch MacBook Pro with every $500 deposit in the eligible trading instruments.
Observer
05-05-2025
- Business
- Observer
HM, Algerian President grace signing MoUs, executive programmes
Algiers: His Majesty Sultan Haitham bin Tarik and President Abdelmadjid Tebboune of the People's Democratic Republic of Algeria graced at the Presidential Palace in Algiers on Monday, the signing of a preliminary agreement, four memoranda of understanding (MoUs), two cooperation MoUs, and four executive programmes. These agreements include the establishment of a joint Oman-Algeria Investment Fund. They also spanned scientific, technical, educational, agricultural, investment, pharmaceuticals, judicial, and legal cooperation, as well as plant protection and, animal health fields. Among the key agreements, Oman Investment Authority (OIA) and Algeria's Ministry of Finance signed a cooperation MoU to establish a joint investment fund worth RO 115.4 million (USD300 million), equally shared between the two countries. The fund will focus on key sectors such as food security, pharmaceuticals, minerals and mining, with the aim of fostering mutual economic benefits. In the mining sector, Minerals Development Oman—a subsidiary of Oman Investment Authority—and Algeria's National Company for Mineral Exploration and Production signed an MoU to expand bilateral cooperation in mining and related industries. The agreement facilitates knowledge transfer, economic diversification, and job creation while adhering to environmental and social sustainability standards. In the energy sector, Abraj Energy Services and Algeria's state-owned Sonatrach signed key terms for a joint venture based on a previously agreed MoU. The two sides also finalized two agreements earlier in 2025 to develop vocational training programmes in oil and gas and establish a framework for technical and managerial skill development. A memorandum of understanding was also signed in the pharmaceutical industry between the Ministry of Health and Algeria's Ministry of Industry and Pharmaceutical Production, aimed at fostering cooperation in drug manufacturing under the applicable laws of both nations to serve the joint interests. This includes collaboration in pharmacovigilance, scientific research exchange, expertise sharing in drug evaluation, and promoting investment in pharmaceutical manufacturing. Additionally, a cooperation agreement was signed between Ministry of Justice and Legal Affairs and Algeria's Ministry of Justice to strengthen collaboration in judicial and legal fields. The two sides will exchange experiences, expertise, and training programmes, as well as share best practices in studying the drafting of international conventions. In the judicial field, the Supreme Judiciary Council and Algeria's Ministry of Justice signed a memorandum of understanding (MoU) to boost judicial cooperation, including the exchange of court rulings, joint training programmes for judges and staff, expert visits, collaborative research in legal studies and conducting specialized workshops and seminars. Agricultural cooperation was also strengthened with the signing of an MoU between the Ministry of Agriculture, Fisheries, and Water Resources and Algeria's Ministry of Agriculture Rural Development and Fisheries. The agreement focuses on desert farming, modern agricultural technologies, biotechnology for crop resilience, and food safety standards. An executive programme was activated to implement an existing MoU on plant protection and animal health, enabling the exchange of regulations, technical expertise, and training in phytosanitary measures, seed production, and quarantine procedures. In fisheries, Oman Marine Science and Fisheries Center and Algeria's National Centre for Research and Development of Fisheries and Aquaculture signed an executive programme to enhance scientific and technical cooperation in marine research, aquaculture, and smart fishing technologies. An executive programme in education, stemming from a 2006 bilateral agreement, was also signed to facilitate academic exchanges, joint research, and scholarships between higher education institutions in both countries.
Times of Oman
05-05-2025
- Business
- Times of Oman
HM, Algerian President grace signing MoUs, executive programmes
Algiers: His Majesty Sultan Haitham bin Tarik and President Abdelmadjid Tebboune of the People's Democratic Republic of Algeria graced at the Presidential Palace in Algiers today, the signing of a preliminary agreement, four memoranda of understanding (MoUs), two cooperation MoUs, and four executive programmes. These agreements include the establishment of a joint Oman-Algeria Investment Fund. They also spanned scientific, technical, educational, agricultural, investment, pharmaceuticals, judicial, and legal cooperation, as well as plant protection and, animal health fields. Among the key agreements, Oman Investment Authority (OIA) and Algeria's Ministry of Finance signed a cooperation MoU to establish a joint investment fund worth RO 115.4 million (USD300 million), equally shared between the two countries. The fund will focus on key sectors such as food security, pharmaceuticals, minerals and mining, with the aim of fostering mutual economic benefits. In the mining sector, Minerals Development Oman—a subsidiary of Oman Investment Authority—and Algeria's National Company for Mineral Exploration and Production signed an MoU to expand bilateral cooperation in mining and related industries. The agreement facilitates knowledge transfer, economic diversification, and job creation while adhering to environmental and social sustainability standards. In the energy sector, Abraj Energy Services and Algeria's state-owned Sonatrach signed key terms for a joint venture based on a previously agreed MoU. The two sides also finalized two agreements earlier in 2025 to develop vocational training programmes in oil and gas and establish a framework for technical and managerial skill development. A memorandum of understanding was also signed in the pharmaceutical industry between the Ministry of Health and Algeria's Ministry of Industry and Pharmaceutical Production, aimed at fostering cooperation in drug manufacturing under the applicable laws of both nations to serve the joint interests. This includes collaboration in pharmacovigilance, scientific research exchange, expertise sharing in drug evaluation, and promoting investment in pharmaceutical manufacturing. Additionally, a cooperation agreement was signed between Ministry of Justice and Legal Affairs and Algeria's Ministry of Justice to strengthen collaboration in judicial and legal fields. The two sides will exchange experiences, expertise, and training programmes, as well as share best practices in studying the drafting of international conventions. In the judicial field, the Supreme Judiciary Council and Algeria's Ministry of Justice signed a memorandum of understanding (MoU) to boost judicial cooperation, including the exchange of court rulings, joint training programmes for judges and staff, expert visits, collaborative research in legal studies and conducting specialized workshops and seminars. Agricultural cooperation was also strengthened with the signing of an MoU between the Ministry of Agriculture, Fisheries, and Water Resources and Algeria's Ministry of Agriculture Rural Development and Fisheries. The agreement focuses on desert farming, modern agricultural technologies, biotechnology for crop resilience, and food safety standards. An executive programme was activated to implement an existing MoU on plant protection and animal health, enabling the exchange of regulations, technical expertise, and training in phytosanitary measures, seed production, and quarantine procedures. In fisheries, Oman Marine Science and Fisheries Center and Algeria's National Centre for Research and Development of Fisheries and Aquaculture signed an executive programme to enhance scientific and technical cooperation in marine research, aquaculture, and smart fishing technologies. An executive programme in education, stemming from a 2006 bilateral agreement, was also signed to facilitate academic exchanges, joint research, and scholarships between higher education institutions in both countries. Moreover, the Ministry of Labour and Algeria's Ministry of Labour, Employment, and Social Security signed an executive programme to enhance cooperation in labour inspection, including the exchange of best practices, dispute resolution mechanisms, and joint training initiatives. The agreements were signed on behalf of the Omani government by Sayyid Badr bin Hamad Al Busaidi, Foreign Minister; Abdulsalam bin Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA); Dr. Saud bin Hamod Al Habsi, Minister of Agriculture, Fisheries, and Water Resources; Dr. Hilal bin Ali Al Sabti, Minister of Health; Eng. Mattar Al Badi, CEO of Minerals Development Oman (MDO); and Saif Said Al Hamhami, CEO of Abraj Energy Services. Representing the Algerian government were Dr. Wassim Kouidri, Minister of Pharmaceutical Industry; Lotfi Boudjemaa, Minister of Justice and Keeper of the Seals; Abdelkrim Bouzred, Minister of Finance; Rachid Hachichi, CEO of Sonatrach; Youcef Cherfa, Minister of Agriculture, Rural Development and Fishing; Dr. Kamel Baddari, Minister of Higher Education and Scientific Research; and Faysal Bentaleb, Minister of Labour, Employment, and Social Security.
The Sun
22-04-2025
- Business
- The Sun
Wong & Partners had no role in 1MDB's USD1 billion transfer
PUTRAJAYA: The High Court here today was told that the law firm Wong & Partners, which previously served as legal adviser to 1Malaysia Development Berhad (1MDB), was not involved in handling the transfer of the company's USD1 billion for its 2009 joint venture with PetroSaudi International. Brian Chia Hock Gee, a former partner at Wong & Partners, said the firm had no role in the payment, as it did not handle any funds. He pointed out that the transfer was undertaken by 1MDB's chief executive officer (CEO), Datuk Shahrol Azral Ibrahim Halmi and its former executive director of business development, Casey Tang Keng Chee. The 56-year-old Chia, who is testifying as the 23rd defence witness in Datuk Seri Najib Razak's trial involving the alleged misappropriation of RM2.3 billion from 1MDB, said dealings with Bank Negara Malaysia (BNM) for exchange control approvals related to the joint venture were handled by 1MDB. For the record, the USD1 billion was sent in two parts, namely, USD700 million went to an account at RBS Coutts, which was later found to belong to Good Star Limited, a company owned by fugitive businessman Low Taek Jho or Jho Low. The remaining USD300 million was transferred to an account at JP Morgan. Regarding the joint venture agreement, Chia said he attended a meeting in London on Sept 25, 2009, as instructed by Shahrol. 'Upon my arrival in London, I was met by Shahrol and fugitive businessman Low Taek Jho, or Jho Low. Shahrol informed me that Jho Low was an adviser to 1MDB. I was instructed by Shahrol to work with Jho Low, Casey, and Shahrol on the matter, which I then did. I attended a meeting at the law firm White & Case, which was representing the PetroSaudi Group in the joint venture. 'At the meeting, the broad principles and concept of the joint venture were discussed generally. The joint venture, as discussed, was to be a government-to-government cooperation between Malaysia and the Kingdom of Saudi Arabia involving an oil and gas project. Our role was to assist in the preparation of the documentation for the joint venture agreement,' he said. On Oct 30 last year, Justice Datuk Collin Lawrence Sequerah ordered Najib to enter his defence after ruling that the prosecution had established a prima facie case against him. Najib, 71, faces 25 charges, including four counts of abusing his position to accept RM2.3 billion in bribes from 1MDB funds and 21 charges of money laundering involving the same amount. The hearing continues tomorrow.
Daily Tribune
06-02-2025
- Business
- Daily Tribune
Al Baraka Islamic Bank celebrates Winners of Al Barakat grand prize for December 2024
Al Baraka Islamic Bank (AIB), a leading Islamic financial institution in the Kingdom of Bahrain, has announced the winners of the Al Barakat Grand Prize for December 2024, totalling USD600,000. Two prizes of USD300,000 each were awarded to both Sabah Khamis Isa and Adel Mohammed Jameel during an eventful ceremony held at the bank's headquarters in Bahrain Bay. Dr. Adel Salem, the Bank's CEO and management members greeting the winners. The bank also revealed the date for the first draw of the Al Barakat Grand Prizes in 2025, amounting to USD500,000, which will take place on March 3, with two winners each receiving USD250,000. Al Barakat account serves to enhance the spirit of appreciation and respect between the bank and its customers, as it highlights the bank's commitment to providing tangible added value to customers and its dedication to introducing rewarding incentive schemes that encourage clients to continue investing and saving experience aimed at fulfilling their financial hopes and ambitions, thereby enhancing customer loyalty and trust in the bank. At the same time, Al Baraka Islamic Bank is preparing to announce more details on the Al Barakat account scheme for 2025, including larger prizes that reflect the diverse aspirations and needs of customers. The bank is keen to offer innovative investment platforms along with additional prizes that align with customers' expectations, ensuring it remains at the forefront of leading Islamic banks in the Kingdom of Bahrain. On this occasion, Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, stated: 'We are pleased to announce the winners of the Al Barakat Grand Prize for the month of December. We take pride in offering attractive prizes that reflect our deep commitment to our customers. The Al Barakat account embodies our vision of enhancing our customers' banking experience and meeting their needs and aspirations.' It is worth noting that the minimum deposit of BD50 in the Sharia-compliant Al Barakat account provides customers with the chance to win rewarding cash prizes.
