Latest news with #GCM
Mid East Info
10 hours ago
- Business
- Mid East Info
Emirates NBD secures approval to become the UAE's first General Clearing Member for equity markets - Middle East Business News and Information
New capability via ADX allows the bank to offer enhanced tools, products and credit facilities to trading members Dubai, UAE, August 2025: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye MENAT region, has announced that it has secured approval to become a General Clearing Member GCM for UAE equity markets through the Abu Dhabi Securities Exchange ADX. This makes Emirates NBD the first entity in the UAE to achieve GCM status. The approval allows Emirates NBD to offer comprehensive clearing services to trading members across the UAE. As a GCM, Emirates NBD can now provide trading members with a suite of tools, products, and access to credit facilities to reduce operational complexities and improve cost efficiencies within the clearing process. This marks a critical step in bolstering the UAE's dynamic stock markets, delivering additional clearing capacity and broadening the investment options available to participants as the UAE's equity market continues to expand and attract investor confidence. Hessa Al Mulla, General Manager, Emirates NBD Securities, said: 'It is a pivotal moment for Emirates NBD to become first General Clearing Member through ADX. This milestone positions us at the forefront of market innovation at a time when the UAE equity market has been attracting substantial and growing investor interest. Our new ADX general clearing membership will open up this opportunity to Emirates NBD's global network of clients. We are now uniquely equipped to provide trading members with unmatched access, fueling the growth and stability of the UAE capital market.' Abdulla Salem Alnuaimi, Group Chief Executive Officer of Abu Dhabi Securities Exchange (ADX), said: 'We are delighted to welcome Emirates NBD Securities as the first General Clearing Member (GCM) on ADX. A key milestone that strengthens our post-trade infrastructure and improves access for investors. This step supports our ongoing efforts to enhance market efficiency, broaden participation and aligns with international best practices. It also reflects Abu Dhabi's growing role as a global financial centre and reinforces ADX's position as a dynamic marketplace connecting regional and international capital with a wide range of investment opportunities.' With its GCM Status, Emirates NBD continues to strengthen its market leadership and its ability to deliver end-to-end trading solutions for individual and corporate investors. About Emirates NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As of 30th June 2025, total assets were AED 1.086 trillion, (equivalent to approx. USD 295.7 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 826 branches and 4,555 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water. About Abu Dhabi Securities Exchange ADX: Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a 'Public Entity' to a 'Public Joint Stock Company PJSC' pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy. ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE 'Towards the next 50' agenda. The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm.
News.com.au
08-07-2025
- Business
- News.com.au
Resources Top 5: VHD graphite heat sink a solution to data centre power drain
The VHD Technology graphite heat sink has almost doubled the power load capacity of conventional heat sink materials Green Technology Metals is well placed to benefit from promising lithium market fundamentals RC drilling has kicked off at Sipa Resources' Nuckulla Hill gold project in South Australia Your standout small cap resources stocks for Tuesday, July 8, 2025 Green Critical Minerals (ASX:GCM) Burgeoning demand for computational power from data centres is placing a strain on all energy sources and storage methods, both traditional and the greener, new-age varieties. One company seeking to provide a solution with its VHD Technology graphite heat sink is Green Critical Minerals, which rose 18.43% to a daily high of 2.25c and closed at 2.2c with almost 59 million shares changing hands. Testing of the heat sink, which utilises very high density graphite in technology developed by the company, is turning out highly encouraging results. The latest Finite Element modelling on the VHD Technology heat sink has demonstrated that it outperforms traditional materials. GCM commissioned world-leading expert Professor Qing Li, a professor and ARC Future Fellow at the University of Sydney Centre for Advanced Material Technology, to conduct the modelling, comparing the heat dissipation performance against traditional materials. Green Critical Minerals' (ASX:GCM) heat sink almost doubled the power load capacity of conventional heat sink materials, maintaining microchip temperatures at 70-85 degrees Celsius at power loads of 300 to 400 watts. Conventional materials are generally capable of maintaining those temperatures at about half that power load, topping out at the 200 to 250W range. The tests also revealed 'exceptional' thermal diffusivity, rapidly dispersing heat from the microchip base. These results are promising when considering data centres are leveraging increasingly advanced chip infrastructures demanding higher power inputs, requiring 300W or more. GCM's heat sink appears to be capable of accommodating those requirements and more, positioning it well for the high-performance microchip sector. The company's managing director Clinton Booth said the results validated GCM's innovative VHD graphite technology, demonstrating the advantages the heat sinks could offer emerging sectors. 'Effective thermal management is critical for ensuring operational stability and performance continuity in such environments, in reducing data centre capital and operating costs, and in supporting sustainable data centre development,' he explained. 'Our VHD heat sinks deliver industry-leading results, consistently outperforming traditional materials such as conventional graphite, copper and aluminium products.' Booth said GCM was moving at a rapid pace to ramp-up customer engagement discussions, having received strong interest from a diverse and growing global customer pipeline. Management sees strong potential to apply the proprietary VHD technology to other thermal products, like cold plates used in liquid cooling solutions. Green Technology Metals is well placed to benefit from promising lithium market fundamentals that are almost certain to eventuate as demand increases with its strong balance sheet, cost preservation strategy and strong pre-development projects in Canada. Although the company has been fairly quiet as it preserves capital and optimises expenditure in response to prevailing market conditions, shares increased 28.57% to an intraday high of 2.7c and ended the day up 9.52% at 2.3c. The current strategy sees the company focusing on preserving capital and prioritising critical-path activities such as permitting, approvals and study work while deferring non-essential expenditure. Exploration programs have been scaled back and a targeted workforce restructure has resulted in a 40% reduction in staffing levels, retaining only those roles essential to progressing core projects. Executive management and director fees, including associated superannuation, have been deferred by mutual agreement while contractor expenditure has been materially reduced, with a review of all third-party contracts and legacy commitments underway to ensure alignment with current priorities. GT1 managing director Cameron Henry said the company remained well-positioned for a future market recovery. 'Recent announcements from the governments of Canada and Ontario, including streamlined approval processes and increased funding for critical minerals, are positive for GT1's projects.' He said earlier this year a major milestone was reached with the combined resource base now totalling 30.4 million tonnes, largely driven by successful drilling at Root Bay. 'The updated mineral resource estimate for Root Bay is 15.6Mt at 1.29% Li2O, and the PEA has shown a 22% increase in NPV, bolstering the project's economics as a long-term feed source to the planned lithium conversion facility,' he said. 'Our strategy of having projects with lower capex hurdles and locality to infrastructure still remains relevant, and although the current market conditions are extremely challenging the assets and work completed to date by our teams has been well planned and executed on all fronts.' Reverse circulation drilling has kicked off across Sipa Resources' Nuckulla Hill gold project in South Australia with an 1800m infill campaign to focus on extending mineralisation at Bimba and Sheoak prospects. The prospects were identified by calcrete sampling in the mid-1990s but no further drilling has been carried out since then, although mineralisation is open at depth and along strike. Sipa Resources acquired the Nuckulla Hill, Tunkillia North and Skye gold projects in South Australia in February this year allowing it to ramp-up gold exploration while diversifying the asset base to support on-ground operations year-round. Tunkillia North and Nuckulla Hill host multiple advanced, large-scale gold prospects, while Skye is along strike from Barton Gold Holdings' (ASX:BGD) Gold Bore resource and less than 50km from high-grade intersections generated by Marmota (ASX:MEU) at Aurora Tank. Bimba and Sheok sit within the Yarlbrinda Shear Zone, which hosts Barton's 1.6Moz Tunkillia deposit. Australian Pacific Coal (ASX:AQC) After being reinstated to ASX quotation on July 7 following an announcement about the Dartbrook coal mine in NSW entering voluntary administration, Australian Pacific Coal surged 560% to 3.3c as investors welcomed clearing of the uncertainty and then eased back to 2.6c. The surge and increased volume prompted a price and trading volume query from the ASX to which AQC responded that it was in compliance with the Listing Rules. Voluntary administrators were appointed on July 3 for Dartbrook mine, in the NSW Hunter Valley, the mine operators Dartbrook Operations and related entities. Subsequently secured creditor Vitol Asia advised that it had appointed receivers and managers of the property, including all shares in AQC Dartbrook, holder of AQC's JV interest. In a statement, AQC said: 'This development has significant implications for the company, as it is unlikely to recover any value from its interest in the Dartbrook mine due to the size of the senior secured debt. 'The company has a contingent liability under a parent company guarantee that exceeds its current assets but directors believe the company remains solvent based on available cash resources.' Arcadia Minerals (ASX:AM7) (Up on no news) Arcadia Minerals (ASX:AM7), a diversified explorer targeting a range of metals, including tantalum, lithium, nickel, PGEs, copper and gold, across projects in Namibia, moved up 38.89% to a daily high of 2.5c. In late May the company received positive stream sediment results from its TVC lithium and tantalum, and TVC nickel and PGE projects within the Tantalite Valley Ultra Mafic Intrusive Complex (TVC Complex). The objective of the work was to identify additional potential source areas of mineralisation to guide further exploration and potential drilling with 97 samples collected from drainage systems. Samples returned elevated levels of mineralisation draining from source areas where historical drilling returned up to 0.65% Ni and 0.16% Cu over 16m. The samples returned anomalous values for gold, cobalt, chromium, copper, nickel, palladium and platinum. Anomalous lithium values were confined to the north-west margins of the TVC Complex and three drainage systems in this area returned elevated lithium values. This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Green Critical Minerals, Green Technology Metals and Sipa Resources are Stockhead advertisers, they did not sponsor this article.
See - Sada Elbalad
26-06-2025
- Business
- See - Sada Elbalad
IOM, Egypt, Japan Join Forces to Support Infrastructure of Southern Egyptian Border Crossing Points
Ahmed Emam On Wednesday, the International Organization for Migration (IOM) in Egypt handed over an electricity generator and 12 air conditioners (ACs) to the General Authority for Land and Dry Ports of the Egyptian Ministry of Transport to support operations at Egypt's Southern Border Crossing Points (BCPs) with Sudan. This initiative is part of the ongoing strategic collaboration between IOM and the Government of Egypt, to facilitate dignified cross-border movements of individuals while ensuring a decent working environment for Egyptian officials, with thanks to the generous funding of the Government of Japan. Since 2023, Egypt has become a key destination for migrants seeking refuge and stability within the MENA region, particularly those fleeing from conflict in Sudan. As movement through Egypt's southern border crossings with Sudan continues, strengthening border infrastructure remains essential; equipment is critical to ensuring support for vulnerable populations on the move. 'We are delighted to begin this vital partnership with the Ministry of Transport and eager to deepen and further expand it. This initiative complements other joint efforts between IOM and the Government of Egypt, whose commendable efforts in hosting migrants for decades contributes to safe and orderly migration.' said Mr. Carlos Oliver Cruz, Chief of Mission of IOM Egypt. 'I would also like to express IOM's gratitude to the Government of Japan, whose generous support has allowed us to implement several crucial projects spanning different areas of migration governance, in close coordination with our Egyptian counterparts.' The electricity generator will serve as a reliable power source to sustain efficient cross-border operations the Egyptian Southern Border Crossing Points (BCP) with Sudan, while the ACs will help maintain a safe, hygienic, and decent environment for vulnerable migrants crossing the border as well as appropriate working conditions for the Egyptian officials at Egypt's Southern BCPs. Provision of these items aligns with objectives of the Global Compact for Safe, Orderly, and Regular Migration (GCM), of which Egypt is a Champion Country. It particularly contributes to objective 11 "Manage borders in an integrated, secure and coordinated manner." It adds to a growing list of commendable actions taken by the Government of Egypt to support migrants and address migration-related challenges in line with the commitment of Egypt to the international law and relevant standards. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
News.com.au
17-06-2025
- Automotive
- News.com.au
Ford's reveals Super Duty pricing
Ford has locked in heavy-duty prices for the 2025 Ford Ranger Super Duty, a heavy-duty variant of its best selling dual-cab ute. Prices start from $82,990 plus onroad costs for the Single Cab-Chassis variant, with the Super Cab-Chassis priced at $86,490, and the Double Cab-Chassis at $89,990 plus on-roads. Those figures will climb close to $100,000 once you add a tray and metallic paint. It's also one of the most capable Rangers, with a 4500kg Gross Vehicle Mass, a braked towing capacity of 4500kg, and a massive 8000kg Gross Combined Mass when towing. Despite the truck-like specs, this beast can be driven on a standard car license. Payload varies from 1982kg for Single-Cab Chassis, 1896kg for Super Cab-Chassis and 1825kg for the Double Cab-Chassis. Ford Australia President and chief executive Andrew Birkic said customers have been asking for a truck that can handle Australia's tough terrain and most extreme jobs. 'With its incredible towing, payload, and GCM capabilities, Ranger Super Duty is built to exceed those expectations. We're providing hardworking Australians the tools they need to succeed,' he said. Re-worked from the ground up, the Super Duty is a re-engineered chassis with upgraded axles, reinforced suspension, control arms, and a heavy-duty braking system. A 10-speed auto transmission is paired with Ford's 3.0-litre V6 turbo-diesel, carried over from the Ranger models, but with a new calibration to meet European heavy-duty emissions standards and the addition of AdBlue. Power is less than the V6 Ranger at 154kW (the V6 Ranger has 184kW), while torque is on par at 600Nm. Ford says the reduced power figure stems from the need to comply with stringent heavy-duty truck emissions standards, and that other V6 odels will not be detuned. Despite the lower power output, the Super Duty just outmuscles the Toyota LandCruiser 70 Series, whose V8 diesel makes just 151kW/500Nm and has a maximum towing capacity of 3500kg. The Ram 1500 is more powerful but offers less in terms of payload capacity (830kg-879kg pending model). Its ground clearance (299mm), track (1710mm) and water wading (850mm) is on par with rivals. However, Ford has added smart technology, unlike anything seen in current competitors. For instance, its Smart Hitch system which measures tow ball weight to optimise load distribution, reduces sway risk, while on-board digital scales help ensure payloads stay safe. The exterior design is tough with a stamped 'Super Duty' badge, a redesigned grille resembling floating brick pattern, geometric flared guards, heavy-duty steel bumpers and 33-inch General Gabber all-terrains with 8-stud wheels. That rugged feeling continues inside, with vinyl-trimmed interiors designed for durability, a dock for laptops or screens, and a practical layout for workers. Three Ford Licensed Accessory tray options are available - galvanised, matte black and body-coloured steel, ranging from $5,966 to $9,376 depending on configuration and finish. Body-coloured tray prices will vary depending on the paint colour. The price will climb when you select paint colour, all colours aside from Arctic White are considered prestige paint colours and will be available at an additional cost. New exterior colours include Seismic Tan, Shadow Black and Aluminium Metallic. A favourite, Traction Green, will be available later in 2026.
The Star
26-04-2025
- Politics
- The Star
Malaysia and Cambodia solidify bilateral judicial cooperation
PHNOM PENH (Bernama): Malaysia and Cambodia have agreed to enhance their bilateral judicial cooperation, strengthen capacity building, and facilitate the exchange of best practices. The commitment was reaffirmed during Chief Justice Tun Tengku Maimun Tuan Mat's courtesy call on Chiv Keng, President of the Supreme Court of the Kingdom of Cambodia and the Asean Law Association (ALA) Cambodia National Committee in Phnom Penh. Justice Tengku Maimun, who is also the president of the ALA, led a delegation to the Kingdom from April 24 to 26. This visit aims to foster judicial cooperation, promote legal understanding and deepen institutional ties among Asean member states, said a statement issued by the Office of the Chief Registrar, Federal Court of Malaysia, Palace of Justice Putrajaya, on Friday. "A key focus of the discussion was on judicial digitalisation. "The Cambodian Judiciary expressed a keen interest in sending judges and technical personnel to Malaysia to gain insights from the Malaysian Judiciary's digital transformation initiatives. "The Chief Justice of Malaysia welcomed this initiative and proposed to facilitate the visit through the Office of the Chief Registrar of the Federal Court,' the statement stated. During the meeting, both Chief Justices exchanged insights on the structure, jurisdiction, and challenges of their respective judicial systems. Emphasis was placed on the importance of judicial transparency, protecting national security and maintaining public trust in the courts, said the statement. Discussions between both parties also focused on the upcoming ALA Governing Council Meeting (GCM) 2025, which is scheduled to be held in Singapore, as well as the hosting challenges faced by member jurisdictions. At the meeting, ALA Cambodia expressed its strong support for the GCM and indicated its willingness to consider hosting a future meeting, potentially in 2027. "ALA Cambodia also pledged its support for the proposal by the President of ALA for the establishment of the Standing Committee on Equitable Access to Justice and Legal Pro Bono Services,' said the statement. The courtesy visit concluded with a mutual reaffirmation of ALA's mission to strengthen the rule of law and access to justice across the region. - Bernama
