Euronext Paris – Saudi Mirror http://www.saudimirror.com News On-line Thu, 19 Oct 2023 09:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 21Shares in another regional first with Shariah compliant digital asset ETPs http://www.saudimirror.com/21shares-in-another-regional-first-with-shariah-compliant-digital-asset-etps/ Thu, 19 Oct 2023 09:00:00 +0000 http://www.saudimirror.com/?p=217293 A year since listing the region's first digital asset exchange traded product (ETP) on the Nasdaq Dubai, 21Shares secures Shariah approval for its market leading ETPs.

ZURICH/RIYADH, October 19 2023: 21Shares, the world's largest issuer of digital asset ETPs, continues its international expansion with Shariah approval of its 21Shares Bitcoin ETP (ABTC) and21Shares BOLD ETP (BOLD) from leading Saudi scholars.

Having launched the world's first crypto backed ETP in 2018, the company continues to lead the market with the expansion of its products and a catalogue of listings on major global exchanges.

Amidst sustained interest from Saudi investors, the recent Shariah compliance of the BOLD ETP is significant in that the product is at the forefront to become Saudi Arabia's first hybrid product. Rebalanced monthly, BOLD has a 25:75 Bitcoin to gold ratio, offering investors exposure to the traditional value of gold with the promising return rates of Bitcoin.

In the context of inflationary pressures, and heightened geopolitical risk, the products represent important risk and return diversifiers within both private and institutional portfolios.

As regional financial centres compete to provide the latest financial services products, 21Shares' announcement is an important step in the company's Saudi market entry. Under Vision 2030 Saudi Arabia is working to transform its financial services industry highlighted by increased digitalisation across the economy and the widespread adoption of Blockchain.

Ahead of the upcoming Future Investment Initiative, co–founder and CEO Hany Rashwan commented “Saudi Arabia presents exciting new market expansion opportunities for us. This milestone reflects our unwavering commitment to operating within the highest regulatory standards and providing a secure and transparent platform for our clients. Our tailored crypto investment solutions will resonate with Saudi investors. We look forward to partnering with local financial institutions, fostering trust, and contributing to the Kingdom's thriving fintech ecosystem.”


About 21.co
21.co is the world's leader in providing access to crypto through TradFi and DeFi. 21.co offers cryptocurrency exchange traded products (ETPs) via its 21Shares affiliate, as well as blockchain infrastructure technology. 21.co's products are built on its proprietary operating system, Onyx, which is also distributed to third parties. The company was founded in 2018 by Hany Rashwan and Ophelia Snyder. For more information, please visit www.21.co.

Press Contact
Nicole Cueto, press@21.co

Disclaimer
The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities or financial instruments in any jurisdiction, including the U.S. Some of the information published herein may contain forward–looking statements and readers are cautioned that any such forward looking statements are not guarantees of future performance, involve risks and uncertainties, and actual results may differ. Additionally, there is no guarantee as to the accuracy, completeness, timeliness or availability of the information provided and 21.co and its affiliated entities are not responsible for any errors or omissions. The information contained herein may not be considered as economic, legal, tax or other advice and viewers are cautioned not to base investment or any other decisions on the content hereof.


GLOBENEWSWIRE (Distribution ID 1000864821)

]]>
21Shares Cross-Lists World's First Physically-Backed Bitcoin ETP on Nasdaq Dubai http://www.saudimirror.com/21shares-cross-lists-worlds-first-physically-backed-bitcoin-etp-on-nasdaq-dubai/ Wed, 12 Oct 2022 06:00:00 +0000 http://www.saudimirror.com/?p=213530 21Shares' entry into the Middle East provides investors in the market with access to the rapidly–growing asset class through Nasdaq Dubai

DUBAI, UAE, October 12, 2022 "" 21Shares AG ("21Shares"), part of parent company, 21.co, and the world's largest issuer of cryptocurrency exchange traded products (ETPs), today announced its launch in the Middle East "" introducing the first physically–backed bitcoin ETP in the Middle East with the listing of 21Shares Bitcoin ETP (Ticker: ABTC) on Nasdaq Dubai. This marks 21Shares' first entry into the Middle East "" a key region on the company's global roadmap.

The 21Shares Bitcoin ETP is listed on Nasdaq Dubai, accompanied by a bell ringing ceremony, the region's international exchange, and trades in the same way as the 21Shares Bitcoin ETP in Europe. With the addition of Nasdaq Dubai, 21Shares lists 46 products across 12 exchanges in 9 countries.

"Our expansion into the UAE is a major milestone in 21Shares' international growth plans. Coming from the Middle East myself, the region is exceptionally important to me and, as a company, we are committed to providing regional investors with safe and secure access to cryptocurrency–backed products," said Hany Rashwan, CEO and co–founder of 21Shares. "Our partners Nasdaq Dubai and Dubai Financial Market share our vision to provide investors with access to new and exciting asset classes. 21Shares will continue to support the Middle East's ambitions to become a global crypto hub."

Today's news follows the recent appointment of Sherif El–Haddad, who joined 21Shares in August this year as Head of Middle East. Commenting on the listing, El–Haddad adds; "Cryptocurrencies are fast becoming the asset of the future for investors and wealth managers around the world, as global crypto adoption and investment levels continue to accelerate at pace "" and the Middle East is a major accelerator of this growth. The UAE, and broader GCC, is a market of significant strategic importance to our business, and we are excited about the opportunity this market opens to us."

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said "We are pleased that 21Shares has selected Nasdaq Dubai to list its ETP. This is another testament to Dubai's open, progressive, and innovation–first approach. Streamlining investors' access to diversified asset classes is a key pillar in Nasdaq Dubai's endeavor to attract further investments and stimulate active engagement from various market participants. Nasdaq Dubai's world–class infrastructure, broker network and regulatory–focused approach offers fund managers the right environment to bring their products to market."

Today's announcement follows the launch of 21Shares parent company, 21.co "" and its recent $25 million fundraising round which made the company Switzerland's largest crypto unicorn.

Investors interested in learning more about the 21Shares Bitcoin ETP can visit 21shares.com/en–AE.

About 21.co
21.co is the world's leader in providing access to crypto through simple and easy to use products. 21.co is the parent company of 21Shares, the world's largest issuer of cryptocurrency exchange traded products (ETPs) "" which is powered by Onyx, a proprietary technology platform used to issue and operate cryptocurrency ETPs for 21Shares and third parties "" in addition to Amun, a token provider focused on making the DeFi world more accessible. The company was founded in 2018 by Hany Rashwan and Ophelia Snyder. 21.co is registered in Zug, Switzerland with offices in Zurich and New York. For more information, please visit www.21.co.

About Nasdaq Dubai
Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).

The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two–thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).

Media Contact:
Arielle Sobel, Head of Global Communications, press@21.co
Megan Enright, Communications Manager, press@21.co

Disclaimer:

This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.

All information provided by 21Shares is impersonal and not tailored to the needs of any person, entity or group of persons. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. 21Shares makes no assurance that investment products based on the index will accurately track index performance or provide positive investment returns. 21Shares is not an investment advisor and makes no representation regarding the advisability of investing in any such investment product or other investment vehicle. A decision to invest in any such investment product or other investment vehicle should not be made in reliance on any of the statements set forth on this website. Prospective investors are advised to make an investment in any such product or other vehicle only after carefully considering the risks associated with investing in such products, as detailed in an offering memorandum or similar document that is prepared by or on behalf of the issuer of the investment product or other investment product or vehicle. 21Shares is not a tax advisor. A tax advisor should be consulted to evaluate the impact and consequences of making any particular investment decision. Inclusion of any assets within an index is not a recommendation by 21Shares to buy, sell, or hold such security, nor is it considered to be investment advice. The website materials have been prepared solely for informational purposes based upon information generally available to the public and from sources believed to be reliable. No content contained in these materials (including index data, ratings, credit–related analyses and data, research, valuations, model, software or other application or output therefrom) or any part thereof ("Content") may be modified, reverse–engineered, reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of 21Shares. The Content shall not be used for any unlawful or unauthorized purposes. 21Shares does not guarantee the accuracy, completeness, timeliness or availability of the Content. 21Shares is not responsible for any errors or omissions, regardless of the cause, for the results obtained from the use of the content.

The content is provided on an "as is" basis. 21Shares disclaims any and all express or implied warranties, including, but not limited to, any warranties of merchantability or fitness for a particular purpose or use, freedom from bugs, software errors or defects, that the content's functioning will be uninterrupted or that the content will operate with any software or hardware configuration. in no event shall 21Shares be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the Content even if advised of the possibility of such damages. Investments into crypto currencies and/or digital assets are subject to material and high risk including the risk of total loss. The calculated prices may not be achieved by investors as the calculated price is based on prices from different trading platforms. Furthermore, an investment into crypto currencies and/or digital assets may become illiquid depending on the trading platform or investment product used for the specific investment. Investors should carefully review all risk factors disclosed by the relevant trading platform or in the product documents of relevant investment products.

This Product is a complex Product and is only intended for informed retail clients who (i) can bear loss of capital, are not seeking to preserve capital and who are not looking for a capital guarantee; (ii) have specific knowledge of and experience investing in similar products and in financial markets; (iii) seek a product offering exposure to the underlying asset(s) and have an investment horizon in line with the recommended holding period; and (iv) are aware that the value of the product can change significantly due to the volatile underlying asset and, as a result, have sufficient time to actively monitor and manage the investment.

The DFSA does not accept responsibility for the content of the information included in this advertisement and the Prospectus, including the accuracy or completeness of such information. The liability for the content of the Prospectus lies with the Issuer (as Issuer of the Prospectus (as defined in the Market Rules)) and other Persons, such as Experts (as defined in the Market Rules), whose opinions are included in the Prospectus with their consent. The DFSA has also not assessed the suitability of the Securities to which the Prospectus relates to any particular investor or type of investor. If you do not understand the contents of this Prospectus or are unsure whether the Securities to which the Prospectus relates are suitable for your individual investment objectives and circumstances, you should consult an authorized financial advisor.

# # #


]]>
Atos becomes 01Talent's technology partner in Africa to identify, train and connect the digital talent of tomorrow to jobs http://www.saudimirror.com/atos-becomes-01talents-technology-partner-in-africa-to-identify-train-and-connect-the-digital-talent-of-tomorrow-to-jobs/ Wed, 06 Oct 2021 09:17:53 +0000 http://www.saudimirror.com/?p=213868

Press Release

Atos becomes 01Talent's technology partner in Africa to identify, train and connect the digital talent of tomorrow to jobs

Praia (Cape Verde) and Paris (France) – October 6, 2021 – Atos and 01Talent announce the launch of a strategic partnership to support the acceleration of the digital transformation in Africa, by enabling the dissemination of a high–quality, innovative and inclusive training program on the continent.

01Talent's ambition is to identify, train and connect one million high–level developers to the professional world by 2035. Through this partnership, 01Talent will be able to draw on Atos' technological resources to support the many projects underway.

In order to complete the pan–African campaign designed to identify future digital talent, 01Talent, in partnership with the Didier Drogba Foundation and UCLG Africa (United Cities and Local Governments Africa), will rely on a technological platform developed by Atos to host cognitive tests.

These online tests will be mini–games accessible to all, requiring no prior coding experience. They will provide a measure of the cognitive skills, creativity and motivation of candidates, and to identify high–potential profiles who could not have been spotted by traditional education systems.

The students of the future “Zone01”, selected this way by the tests, will be trained for 2 years to become high–level creative “Full Stack” developers, with a job at stake.

Zone01 Cabo–Verde, will be the first “Zone01” collective intelligence zone on the African continent, and is scheduled to open at Praia Techno Park in Cape Verde, early 2022. 200 young talent from Cape Verde and from 26 other African partner countries will be welcomed in this "Zone01"and will be supplied with laptops by Atos. This first “Zone01” will be the foundation for the deployment of the education program which aims to create more than 200 “Zone01” on the African continent.

Atos will also mobilize its employees around the world through a mentoring program to share expertise and give personal guidance to the students. This will give Atos an opportunity to create ties with Zone01 talent, and to hire many students during and after their training.

It has also been agreed that Atos will develop within the educational platform, a curriculum to improve and develop the skills of its employees, in immersion with the students of the future “Zone01”.

With this partnership, we reaffirm Atos' ambition to support the dynamics of the economic, social and environmental transformation of the African continent through training in digital skills. 01Talent's particularly inclusive and innovative educational offer is a concrete expression of this ambition, and we are proud to be able to support its deployment. This is an important step in the development of a digital sector in Africa” commented Nourdine Bihmane, EVP and Director of Growing Markets at Atos.

We are very happy to give life to a partnership that will allow us to support and integrate the most promising digital talents into Atos' teams. Atos and 01Talent share the same values and the same goal: to develop human capital through an inclusive and sustainable approach in order to facilitate the digital and social transition of the African continent,” adds David Sultan, Vice President of 01Talent in charge of Global Operations.

Atos in Africa is fully mobilized to ensure the success of the student selection campaign and to continue this collaboration over the long term. At a time when the continent is going digital, attracting talent is becoming a major strategic focus for our development,” adds Alpha Barry, Director of Atos in Africa.

After Cape Verde, Atos and 01Talent will develop their partnership with the opening of new “Zone01” on the African continent, in particular in Senegal.

***

Photo: left to right: David Sultan, Global COO (01Talent); Nourdine Bihmane, EVP and Director of Growing Markets (Atos); Deror Sultan, Co–founder & CEO (01Talent)

About Atos
Atos is a global leader in digital transformation with 105,000 employees and annual revenue of over 11 billion. European number one in cybersecurity, cloud and high performance computing, the Group provides tailored end–to–end solutions for all industries in 71 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos operates under the brands Atos and Atos|Syntel. Atos is a SE (Societas Europaea), listed on the Next 20 Paris stock index.

The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space. www.atos.net

Press contact:
Laura Fau | laura.fau@atos.net | +33 6 73 64 04 18 | @laurajanefau

About 01Talent
01Talent is both a Talent factory and a Talent agency which aims to identify, develop and connect to the professional world 1 million high–level developers in the world by 2035 through the combination of a proven pedagogical model and a sustainable and exponential business model.

01Talent deploys globally some Centers of Collective Intelligence named Zone01 which include teacherless coding schools, IT Talent Agencies and Digital Reskilling services.
Its curriculum is based on 01Edu, the ultimate upgrade of the “peer–to–peer” (teacherless) and gamified pedagogical approach developed by Nicolas Sadirac and his team, a learning platform designed to address the growing global shortage of IT developers.

This pedagogical model which develops entrepreneurial spirit, creativity and collective intelligence has already been deployed by our co–founder Nicolas Sadirac and his Alumni in more than 40 countries around the world, training more than 100,000 digital Talents in the last 10 years.https://01–edu.org

Contact presse :
Valerie Gagliano | valerie@zone–01.com | +33 6 33 73 24 89 | @valeriegagliano

Attachment


GLOBENEWSWIRE (Distribution ID 1000551047)

]]>
Ecoslops: A first “Scarabox” unit installed soon in Cameroon to revalue used lube oil and oily waste into new fuels locally http://www.saudimirror.com/ecoslops-a-first-scarabox-unit-installed-soon-in-cameroon-to-revalue-used-lube-oil-and-oily-waste-into-new-fuels-locally/ Fri, 26 Mar 2021 14:23:23 +0000 http://www.saudimirror.com/?p=214263 Paris, March 25th, 2021

Ecoslops is pleased to announce the signature of a first sales contract for its "Scarabox ", a containerized unit for upcycling used lube oil and oil residues.

Following the signature of a letter of intent on June 24th, 2020, this contract was signed with the Cameroonian company Valtech Energy, which belongs to the SCIN group (with over 400 employees in the construction, transport, and environment sectors) and headed by Ismal NJoya, an established Cameroonian entrepreneur. In 2020, Valtech Energy successfully opened a MARPOL maritime oil waste reception facility in the Kribi port area, Cameroon's new deep–water port inaugurated in 2019. Valtech Energy sees the opportunity to improve its waste treatment capacity and intensify its production of energy products, thanks to Ecoslops' circular economy solution, as a logical development.

The contract comprises turnkey equipment and an operating license provided with eight years of technical support by Ecoslops.

Delivery of the unit is anticipated in October 2021, with a start before the end of the year. This is subject to setting up financing arrangements with the SCIN group's long–standing banks, which have shown a keen interest in the project.

Cameroon generates some 70,000 tons of used oils per year (trucks, buses, automobiles, etc.) and imports fossil energy products, particularly fuel oil for its industrial activity. This unit will provide a genuine outlet for hazardous and polluting waste, while also supplying manufacturers with energy products (same quality as those imported, but this time made in Cameroon). With production capacity nearing 7,000 tons per year – 10% of the market – other subsequent developments in this same market can be envisaged.

With the effective launch of this new activity as a provider of circular solutions (sale of equipment with a multi–annual license), Ecoslops stands by its mission: "to contribute to the energy transition and to preserve the environment through innovations that help to preserve natural resources and avoid pollution".

The Scarabox is set to expand rapidly in a potential global market of several hundred units – gathering particular momentum from 2022 on – and become a key activity of the Ecoslops group, alongside the building and operation of its own micro–refineries. This new containerized solution draws on the experience acquired by the company and its teams at the Sines site in Portugal, where it has treated over 100,000 tons of oil residues since 2015.

Vincent Favier, Chairman and CEO of Ecoslops, states: "We are delighted to see the development of this new technology become a reality, the initial benefit being to reduce uncontrolled used lube oil pollution in numerous countries. We are now seeing a great amount of interest in the Scarabox and are set to send out more of these units around the world. The first unit, acquired by Valtech Energy and installed in Cameroon, will serve as a showcase to the world and give a strong boost to this new activity, in tandem with the micro–refineries we develop ourselves. We are looking forward to convert the letters of intent that are signed into actual projects, and our prospect portfolio as well. The aim is to gradually reach a cruising speed of five to ten units installed per year within five years. Finally, we are also focusing our attention on industrialization of the Scarabox . We intend to pursue and intensify our efforts to keep construction in France by maximizing the local content in order to maintain a high level of reactivity and superlative quality in terms of performance."

ABOUT ECOSLOPS
Ecoslops is listed on Euronext Growth in Paris
Code ISIN : FR0011490648 – Ticker : ALESA / PEA–PME eligible
Investor Relations : info.esa@ecoslops.com – 01 83 64 47 43
Ecoslops brings oil into circular economy thanks to an innovative technology allowing the company to upgrade oil residues into new fuels and light bitumen. The solution proposed by Ecoslops is based on a unique micro–refining industrial process that transforms these residues into commercial products that meet international standards. Ecoslops offers an economic and more ecological solution to port infrastructure, waste collectors and ship–owners through its processing plants.
www.ecoslops.com

Attachment


GLOBENEWSWIRE (Distribution ID 1000474914)

]]>