WASHINGTON, June 07, 2024 (GLOBE NEWSWIRE) — EB5 Capital is pleased to announce the first large wave of individual I-526 and I-526E petition approvals for investors in its SF Gateway Marriott (JF27) project. An I-526/I-526E approval is a significant step in the EB-5 immigration process as it qualifies the investor and their immediate family members for conditional permanent residency in the United States.
EB5 Capital has raised foreign investor funds across approximately 40 EB-5 projects throughout the United States, including half a dozen hotel projects in California. The SF Gateway Marriott (JF27) project, also known as Gateway at Millbrae Station, is a $300 million mixed-use development containing 400 apartment units and 200,000 square feet of commercial space in Millbrae, California, a suburb of San Francisco in San Mateo County. EB5 Capital raised foreign capital from 60 investors, representing a variety of nationalities, to finance a portion of the capital stack for the Residence Inn-branded hotel component of the larger development. The project opened to the public in early 2023 and created over 800 jobs as a result of the investment.
“We are happy that over a dozen investors have recently been approved in this project as several of them filed their cases with USCIS before the outbreak of the Covid-19 pandemic in late 2019,” said Molly FitzGerald, Director of Investor Communications and Engagement at EB5 Capital. “Our clients have patiently waited for USCIS to adjudicate their cases and they can now move on to the next step in their immigration process.”
The SF Gateway Marriott (JF27) project has created more than the number of jobs required by the EB-5 program to support all the investors with the remainder of their immigration journey at the I-829 stage when they apply for permanent residency in the United States. Until then, EB5 Capital is looking forward to additional I-526/I-526E investor approvals soon and will continue to keep its clients informed on the operations of the hotel.
About EB5 Capital
EB5 Capital provides qualified foreign investors with opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. As one of the oldest and most active Regional Center operators in the country, the firm has raised over $1 billion of foreign capital across approximately 40 EB-5 projects. 100% of our investors’ funds are protected by the Federal Deposit Insurance Corporation (FDIC) insurance prior to their deployment into our projects. Please visit www.eb5capital.com for more information.
e& UAE is the Top Telecoms Employer Brand in Brand Finance rankings
e& ranked 16th in theTop 20 employer brands across all categories in 16 countries
Achievement reflects the broader reputation of UAE as a global talent hub
LONDON, June 07, 2024 (GLOBE NEWSWIRE) — e&, the global technology group, attained the highest position in Brand Finance’s inaugural Employer Brand Report 2024 with its UAE entity ranking as the Top Global Telecoms Employer.
The group also secured the 16th spot among the Top 20 Employer Brands across measured employer brands across financial services, telco, media, and tech (TMT), oil, gas, and energy, professional services, retail, automotive, and fast-moving consumer goods (FMCG) in Africa, Asia, Europe, and the United States.
Ali Al Mansoori, Group Chief People Officer, e&, said: “This recognition as an employer of choice reflects the incredible dedication and passion of our people, who are our greatest assets. It also reaffirms our commitment to cultivating a unified company culture where every employee is empowered to think differently, experiment fearlessly, and innovate continuously. In today’s rapidly evolving landscape, having a talented workforce is more critical than ever.”
David Haigh, CEO of Brand Finance, said: “Middle Eastern telecom brands are increasingly overtaking their European and American counterparts as desirable places to work. This reflects the career opportunities and exciting technological developments created by consistent, high-quality investment in the Middle East.”
Leading the way in employer branding and talent development in UAE, the group scored highly across several considerations, including as a ‘prestigious brand,’ an ‘inspiring vision,’ ‘enjoyable and rewarding work,’ and a ‘well-managed and governed company.’ e&’s achievement reflects the broader reputation of the UAE as a global talent hub and the preferred destination for people seeking to shape a prosperous future.
“At e&, we are committed to equipping our team with the skills necessary to navigate and thrive in the digital age. Our vision is not just to keep pace with change, but to lead it. We are building a resilient, forward-thinking workforce capable of driving our company and our community towards greater heights. Our strategy includes comprehensive training programs, partnerships with educational institutions, and an environment that rewards creativity and bold thinking. We are dedicated to creating opportunities for professional growth and supporting our team as they develop the technological skills and mindset essential for the future,” added Al Mansoori.
The inaugural “Employer Brand Index” report showcases the world’s top brands with global and regional league tables. The research-driven study is the first of its kind, measuring internal and external perceptions of employer brands from 16 countries. The Index is derived from responses from an anonymous survey of the public across various industries conducted via independent online panels.
The Brand Finance 2024 Employer Brand Index follows the release in January of the global brand rankings in which e& UAE was rated the strongest telecom brand globally (AAA rating) and the strongest brand in the Middle East and Africa (MEA) across all categories.
Brand Finance is the world’s leading brand valuation consultancy. For more than 25 years, it has been bridging the gap between marketing and finance by evaluating the strength of brands and quantifying their financial value to help organisations of all kinds make strategic decisions. Every year, Brand Finance conducts more than 5,000 brand valuations, supported by original market research, and publishes over 100 reports that rank brands across all sectors and countries.
101 graduates boost UAE’s AI ecosystem of research, development and commercial application advances – creating an AI tech hub of the Global South
MBZUAI Class of 2024 hat throw moment 240606
MBZUAI Class of 2024 hat throw moment 240606
ABU DHABI, United Arab Emirates, June 07, 2024 (GLOBE NEWSWIRE) — His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, attended the Mohamed bin Zayed University of Artificial Intelligence’s (MBZUAI) 2024 commencement ceremony on June 6, celebrating 101 graduates from 22 countries, receiving post-graduate degrees in key AI fields including computer vision (CV), machine learning (ML), and natural language processing (NLP).
The event was also attended by His Excellency Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Founding Chairman of the Board of Trustees of MBZUAI, and other dignitaries.
“Before many other countries recognized its potential, government-led policies encouraged the promotion of AI in the UAE,” Dr. Al Jaber said. “They nurtured the success of companies like G42 and large language models like Falcon. As a result, this small country is creating a world class ecosystem for AI talent and entrepreneurship. We are attracting major investment from tech leaders such as Microsoft and emerging as a significant hub for AI innovation and application.”
Dr. Al Jaber noted that the growth of AI is one of three megatrends shaping the future, alongside the accelerating pace of the energy transition and the rise of emerging markets and Global South: “The Class of 2024’s growing expertise will hold the keys to unlocking solutions to some of the world’s most pressing challenges. In fact, if we are to achieve the ambitious goals of the historic UAE Consensus agreed at COP28 in December in Dubai, AI must play a critical role.”
MBZUAI’s third and largest commencement celebrated the university’s first Ph.D. graduates in ML along with master’s graduates in ML (55), CV (28) and NLP (12) with students hailing from countries including UAE, Canada, United Kingdom, France, India, Vietnam, Pakistan, Ethiopia and Sri Lanka.
MBZUAI President and University Professor, Eric Xing, said: “MBZUAI’s Class of 2024 are the future leaders of technology, innovation, and creativity, they are equipped to accept the responsibility that comes with the stewardship of something so powerful and transformative. They depart us with the knowledge, skills, and a profound understanding of the opportunity before them – the chance to shape a future where AI serves humanity with compassion and unwavering ethical standards – they are ready to tackle the greatest challenges facing our world today.”
Five years since its inception, MBZUAI is now recognized as one of the world’s top 100 computer science universities and is ranked in the top 20 for its specializations in AI, CV, ML, NLP, and robotics (CSRankings).
Order backlog more than tripled to over $30 billion since 2020 — More than double new investments in manufacturing, engineering, digital, R&D and partnerships across all major markets from 2024 to 2027 — Around $330 million in capacity expansion, modernization, and new build in Sweden, across all product portfolios with additional 2,000 employees — Global Technology and Innovation Center in India will increase to more than 4,000 employees to serve more than 40 countries
Zurich, Switzerland, June 07, 2024 (GLOBE NEWSWIRE) — Hitachi Energy will invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years. This complements the recently announced $1.5 billion investment in April this year to ramp up global transformer production.
These investments will enable the company to meet customers’ commitments and market demand, increasing its global R&D, engineering and manufacturing capacity of transformers, high-voltage direct current (HVDC) and high-voltage products. It will also support the deployment of power electronics-based solutions, grid automation and software solutions, and services in line with the Hitachi Energy 2030 Plan. Investments will also go into partnerships, supply chain, digitalization and automation, which are enablers to support capacity expansion and increase speed to market.
Electrification is pivotal to achieving Net-Zero goals and the energy transition requires innovative software solutions and services and a significant increase in the production of critical technologies for an expanded electricity grid. Integrating more renewable energy sources like solar and wind, alongside meeting the electrification demands of transport, buildings, industry, and other sectors, necessitates a secure and flexible grid infrastructure. According to IEA, the increased usage of Gen AI and the ever-growing quantity of digital data requires an expansion of data centers and the global electricity demand from data centers and AI could double towards 2026.
The company also announced today that it is investing around $330 million to expand and modernize its flagship factory in Ludvika and a new campus in Vasteras, Sweden, across all product portfolios. The Ludvika factory, with over 120 years of innovation, manufactures transformers, high-voltage products and HVDC systems, and will expand by more than 30,000 square meters. This will especially enable new manufacturing capacity of large transformers to meet the deliveries of key HVDC projects. A new campus in Vasteras will accommodate 1,800 employees, including an R&D center and a state-of-the-art production facility for grid automation. The workforce in Sweden will additionally grow by 2,000 to support the accelerating energy transition.
According to the IEA Report in October 2023: The recent clean energy progress we have seen in many countries is unprecedented and cause for optimism, but it could be put in jeopardy if governments and businesses do not come together to ensure the world’s electricity grids are ready for the new global energy economy that is rapidly emerging. This report shows what’s at stake and needs to be done. We must invest in grids today or face gridlock tomorrow.
“Electricity will be the backbone of the entire energy system and the change is happening faster than many thought possible. New business models, harmonization of designs, along with partnerships are key drivers for the increase in the pace of change,” said Claudio Facchin, CEO, Hitachi Energy. “The world is in a race to transform energy systems. Technology is not the bottleneck and electrification is creating unprecedented demand for power grids systems combined with digital solutions and services. As the market leader, we are responding with an unprecedented level of investment, people and innovation to meet that demand.”
Just in the last month, key HVDC projects were announced that are urgently needed to meet rapidly growing market demand. Underpinned by new scalable business models pioneered by Hitachi Energy, framework agreements were signed with RTE in France, RWE in Germany, Marinus Link in Australia, in addition to a service contract with Pattern Energy in the US. The company also announced the Sa.Co.I.3 interconnection between Italy and France, another industry-leading multi-terminal solution.
Governments, industries, and consumers are accelerating the switch from fossil energy to electricity to power transport, building heating and cooling, and industrial processes. Decision-makers and operators require real-time grid data for insights and collaboration. Digitally enabled transformers, switchgear, substations, converter stations, Lumada Asset Performance Management and digital twin data platforms like IdentiQ are critical for a more sustainable, flexible, and secure energy system. The company is also leveraging synergies between Hitachi Energy and Hitachi Digital to provide the unique position across IT, OT, product and service capabilities to support our customers throughout the entire lifecycle.
About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We are advancing the world’s energy system to be more sustainable, flexible and secure and we collaborate with customers and partners to enable a sustainable energy future – for today’s generations and those to come. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries, serving customers in utility, industry, transportation, data centers and infrastructure sectors. With innovative technologies and services including the integration of more than 150 gigawatts of HVDC links into the power system, we help make the energy value chain more efficient, making electricity more accessible to all. Together with stakeholders across sectors and geographies, we enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. Headquartered in Switzerland, we employ around 45,000 people in 90 countries and generate business volumes of around $13 billion USD. https://www.hitachienergy.com https://www.linkedin.com/company/hitachienergy https://twitter.com/HitachiEnergy
About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of CI&T Inc (NYSE: CINT) resulting from allegations that CI&T may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased CI&T securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT IS THIS ABOUT: On March 7, 2024, before the market opened, CI&T issued a press release entitled “Restatement of Previously Issued Financial Statements.” The press release stated “(i) the Company’s audited consolidated financial statements as of and for the year ended December 31, 2022, included in its annual report on Form 20-F for the year ended December 31, 2022 filed with the United States Securities and Exchange Commission (“SEC”) on March 28, 2023, and (ii) the Company’s unaudited condensed consolidated interim financial statements as of and for the periods ended March 31, 2023, June 30, 2023 and September 30, 2023, each previously furnished to the SEC on a current report on Form 6-K, should no longer be relied upon (collectively, the “Non-Reliance Periods”).”
On this news, CI&T’s stock fell $0.48 per share, or 10.8%, to close at $3.97 per share on March 7, 2024.
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. 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.
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
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Arhaus, Inc. (NASDAQ: ARHS) resulting from allegations that Arhaus may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Arhaus securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT IS THIS ABOUT: On April 29, 2024, after market hours, Arhaus filed a Current Report on Form 8-K with the Securities and Exchange Commission (“SEC”) announcing “the Company’s previously issued unaudited condensed consolidated financial statements included in Amendment No. 1 to the Company’s Quarterly Report on Form 10-Q/A for the period ended September 30, 2023 (the ‘Q3 Form 10-Q/A’ and such period, the ‘Affected Period’), filed with the [] SEC on March 11, 2024, should no longer be relied upon due to the errors described below and should be restated.” In addition, Arhaus stated it had “identified errors within the unaudited condensed consolidated balance sheet as of September 30, 2023 related to certain cash receipts from landlord reimbursements prior to showroom completion being incorrectly included in property, furniture and equipment, net. The errors also resulted in inaccurate cash flows ascribed to operating and investing activities in the unaudited condensed consolidated statement of cash flows for the nine months ended September 30, 2023. The Company currently estimates that the impact of the errors will result in an increase in net cash provided by operating activities and an increase in net cash used in investing activities in the range of approximately $1 million to $5 million in the unaudited condensed consolidated statement of cash flows for the nine months ended September 30, 2023.”
On this news, Arhaus’s stock price fell $0.80 per share, or 5.9%, to close at $12.66 per share on April 30, 2024.
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. 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.
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
are critical for a more sustainable, flexible, and secure energy system. The company is also leveraging synergies between Hitachi Energy and Hitachi Digital to provide the unique position across IT, OT, product and service capabilities to support our customers throughout the entire lifecycle.
