January 1, 2024

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages Illumina, Inc. Investors with Losses to Secure Counsel Before Important January 9 Deadline in Securities Class Action – ILMN

NEW YORK, Jan. 01, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Illumina, Inc. (NASDAQ: ILMN) between May 1, 2023 and October 16, 2023, both dates inclusive (the “Class Period”), of the important January 9, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Illumina securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Illumina class action, go to https://rosenlegal.com/submit-form/?case_id=20435 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 9, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. 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.

DETAILS OF THE CASE: According to the lawsuit, throughout the class period, defendants made materially false and/or misleading statements and/or defendants failed to disclose that: (1) certain of Illumina’s insiders had personal financial motives for re-acquiring GRAIL, Inc., (“GRAIL”), which had been a former corporate subsidiary that was formed to develop a blood-based cancer detection test; (2) contrary to Illumina’s attempts to discount Icahn’s criticism, Icahn had accurately concluded that insiders’ interests did not align with Illumina’s best interests; and (3) as a result of the foregoing, defendants’ positive statements about Illumina’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Illumina class action, go to https://rosenlegal.com/submit-form/?case_id=20435 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9010679

January 1, 2024January 1, 2024

GM SHAREHOLDER ALERT: ROSEN, LEADING TRIAL ATTORNEYS, Encourages General Motors Company Investors to Secure Counsel Before Important Deadline in Securities Class Action – GM

NEW YORK, Dec. 31, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of General Motors Company (NYSE: GM) between February 2, 2022 and October 26, 2023, both dates inclusive (the “Class Period”), of the February 6, 2024 lead plaintiff deadline.

SO WHAT: If you purchased GM securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the GM class action, go to https://rosenlegal.com/submit-form/?case_id=21020 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 6, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) GM downplayed concerns with its vehicles’ airbags and the need to record additional warranty accruals for related product recalls; (2) GM overstated the extent and efficacy of its efforts to analyze defects in its vehicles’ airbag inflators; (3) Cruise LLC’s (“Cruise”) autonomous vehicles (“AV”) and/or AV technology were less safe and well-developed than defendants had led investors, regulators, and the general public to believe; (4) accordingly, regulatory approval of Cruise’s AV products was unsustainable and the prospects for widespread regulatory approval and adoption of Cruise’s AV products were overstated; (5) all the foregoing subjected GM to an increased risk of governmental and/or regulatory scrutiny and enforcement action, significant legal liabilities, product recalls, and reputational harm; and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the GM class action, go to https://rosenlegal.com/submit-form/?case_id=21020 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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GlobeNewswire Distribution ID 9010746

January 1, 2024January 1, 2024

FSR NOTICE: ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages Fisker Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FSR

NEW YORK, Dec. 31, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Fisker Inc. (NYSE: FSR) between August 4, 2023 and November 20, 2023, both dates inclusive (the “Class Period”), of the important January 26, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Fisker securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Fisker class action, go to https://rosenlegal.com/submit-form/?case_id=20654 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 26, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Fisker had a material weakness in its internal control over financial reporting; (2) Fisker had incorrectly accounted for certain costs; (3) as a result Fisker was likely to delay filing its quarterly report; (4) Fisker’s infrastructure was limiting its ability to deliver its production; and (5) that, as a result of the foregoing, defendants’ positive statements about Fisker’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Fisker class action, go to https://rosenlegal.com/submit-form/?case_id=20654 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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GlobeNewswire Distribution ID 9010744

January 1, 2024January 1, 2024

DRVN NOTICE: ROSEN, A RANKED AND LEADING FIRM, Encourages Driven Brands Holdings Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – DRVN

NEW YORK, Dec. 31, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Driven Brands Holdings Inc. (NASDAQ: DRVN) between October 27, 2021 and August 1, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 20, 2024.

SO WHAT: If you purchased Driven Brands common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Driven Brands class action, go to https://rosenlegal.com/submit-form/?case_id=18662 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 20, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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. 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.

DETAILS OF THE CASE: According to the lawsuit, defendants made numerous materially false and misleading statements and omissions that fall into two categories: (i) statements concerning Driven’s ability to efficiently and effectively integrate a high volume of acquired businesses, including statements related to the status of integrating its U.S. auto glass businesses; and (ii) statements concerning the performance and competitive position of Driven’s car wash business segment. Specifically, throughout the Class Period, defendants repeatedly touted Driven’s ability to execute and integrate acquisitions as a “core strength,” and assured investors that it had made “significant progress” integrating the auto glass businesses it had acquired. Driven also represented that the large scale of its car wash business served as a “competitive moat” that would preserve Driven’s competitive position. While Driven acknowledged some “softness” in customer demand for its car wash business segment, Driven downplayed that issue and pointed investors to the growth of its car wash subscriptions, which Driven labeled as the “Holy Grail” in the car wash business. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Driven Brands class action, go to https://rosenlegal.com/submit-form/?case_id=18662 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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GlobeNewswire Distribution ID 9010740

January 1, 2024January 1, 2024

ROSEN, A LEADING NATIONAL FIRM, Encourages James River Group Holdings, Ltd. Investors to Secure Counsel Before Important January 12 Deadline in Securities Class Action – JRVR

NEW YORK, Dec. 31, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of James River Group Holdings, Ltd. (NASDAQ: JRVR) between August 7, 2023 and November 7, 2023, both dates inclusive (the “Class Period”), of the important January 12, 2024 lead plaintiff deadline.

SO WHAT: If you purchased James River securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the James River class action, go to https://rosenlegal.com/submit-form/?case_id=20268 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) James River lacked effective internal controls regarding the recognition of restatement premiums for reinsurance; (2) that, as a result, the Company overstated its net income; (3) that the Company was reasonably likely to restate its financial results; and (4) that, as a result of the foregoing, defendant’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the James River class action, go to https://rosenlegal.com/submit-form/?case_id=20268 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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GlobeNewswire Distribution ID 9010654

January 1, 2024

ROSEN, LEADING TRIAL ATTORNEYS, Encourages Holley Inc. Investors to Secure Counsel Before Important January 5 Deadline in Securities Class Action – HLLY

NEW YORK, Dec. 31, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Holley Inc. f/k/a Empower Ltd. (NYSE: HLLY) between July 21, 2021 and February 6, 2023, both dates inclusive (the “Class Period”), of the important January 5, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Holley securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Holley class action, go to https://rosenlegal.com/submit-form/?case_id=18648 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 5, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and misleading statements, and/or failed to disclose to investors that: (1) as a result of Holley’s extensive focus on its direct-to-consumer (“DTC”) channel, Holley’s critically important relationships with its resellers and distributors, whose business made up the vast majority of Holley’s revenue, were suffering significant damage; (2) Holley used discounting and other similar efforts to grow its DTC channel, which undermined the pricing discipline Holley historically had with its resellers and distributors, and further damaged Holley’s relationships with its resellers and distributors; (3) as a result of Holley’s strained relationships with its resellers and distributors, those resellers and distributors were decreasing their purchases of Holley products, returning products already purchased at significant levels that were far above historical norms, and increasing their purchases of competitors’ products; (4) Holley’s growing DTC channel could not offset the negative financial impact of Holley’s increasingly strained relationships with its resellers and distributors and, as a result, rather than keeping its foot on the gas, Holley was actually slamming the brakes on its critical reseller/distributor relationships; (5) Holley had failed to successfully integrate and capture synergies from its numerous acquisitions, which left Holley with inefficient operations, excess costs, and inventory management problems; (6) Holley was riding a wave of COVID-related stimulus money that temporarily boosted its sales and performance, and despite this unsustainable, temporary boost, defendants misled investors to believe the growth was sustainable and the result of persistent demand, and supportive of positive financial guidance; and (7) as a result of the foregoing, defendants’ statements regarding Holley’s outlook and expected financial performance were false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Holley class action, go to https://rosenlegal.com/submit-form/?case_id=18648 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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GlobeNewswire Distribution ID 9010656

January 1, 2024

UAE enters 2024 with unwavering determination to extend principles of peace, stability and prosperity through continued partnership, cooperation and dialogue

ABU DHABI: Under the directives of its wise leadership, the United Arab Emirates enters 2024 with resolute determination to extend the principles of peace, stability, and prosperity in the region and beyond by continuing to strengthen partnerships, enhance multilateral cooperation and foster meaningful dialogue.

Foreign Policy Principles

Following an active year of collaboration with the international community and organisations, the UAE remains firmly committed to reinforcing international peace and security and overcoming obstacles in all forms. The UAE’s diplomacy is dedicated to establishing a peaceful, secure, and prosperous year ahead for the entire region, and committed to enhancing international cooperation and multilateral collaboration.

In a statement, the Ministry of Foreign Affairs (MoFA) stressed that the UAE will continue to reinforce the importance of cooperation within political and economic frameworks in the Gulf and Arab regions for the benefit of countries’ welfare and prosperity. The UA
E will further strengthen its role in finding solutions to some of the world’s most pressing challenges, particularly climate change, renewable energy, water scarcity, food security, promoting human rights, counter-extremism, women’s empowerment, economic development and the security of supply, navigation, and international trade routes.

The Ministry reiterated the UAE’s commitment to strengthening partnerships, engaging in dialogue, as well as building efficient, balanced relations based on mutual respect. The UAE will continue to enhance its position on the world stage and support efforts to resolve conflicts between countries through dialogue, and promote global peace, stability, tolerance and coexistence. Within this context, the UAE will also promote cultural diplomacy as a means of bridging the gap between nations, and continue to collaborate with partners across various fields including industry, economy, culture, health, science, technology, and common human values, among others, which would serve hu
manity and contribute to a better future for all.

UAE, ‘Stronger United’ UNSC term

As an elected member of the United Nations Security Council for 2022-2023, the Ministry reaffirmed that the UAE proudly served as a unifying force, and made significant impact during its two-year term in addressing regional and international challenges, and drafting resolutions that were adopted by the Council. The Ministry welcomed the successes the UAE achieved through mediation and prioritising diplomatic solutions to disputes while preventing the outbreak of new conflicts, based on its firm belief in establishing stability and reaching comprehensive political solutions in the Middle East and around the world, in addition to spreading a culture of tolerance and peace.

In this regard, the Ministry stressed the UAE’s unwavering and steadfast position on the issue of the three Emirati islands occupied by Iran, which demonstrates support for peaceful efforts and initiatives that aim to resolve the issue in accordance with int
ernational law and the United Nations Charter. The UAE continues to advocate for resolution through bilateral negotiations or the International Court of Justice, demanding Iran to end its occupation of the islands and immediately cease all practices aiming to alter the islands’ status, including illegal settlements.

The Ministry also underscored the UAE’s contributions in enhancing moderation, emphasising the importance of reinforcing tolerance and acceptance, and addressing extremism, hate speech, and racism around the world, given the threat they pose to international peace and security.

During the UAE’s Presidency of the Security Council in June last year, the UAE’s expansive endeavours- which stemmed from a focused vision that aims to enhance peace and security, and combat extremism, terrorism, and their causes- resulted in the historical adoption of Resolution 2686 on tolerance, peace, and international security, which included an unprecedented international recognition of the correlation between hate
speech, extremism, peace, and international security. The resolution demonstrated that racism, hatred, xenophobia, racial discrimination, and gender discrimination can drive the outbreak, escalation, and recurrence of conflict. The resolution urges tackling such issues and the importance of promoting values of tolerance and peaceful coexistence, in accordance with the UAE’s deep-rooted principles.

Global Conflicts

With regards to the ongoing crisis in the Gaza Strip, the Ministry underscored that the UAE has intensified all diplomatic efforts aimed at halting escalation, reaching a ceasefire, restoring peace, and preventing further loss of life, with a primary focus on safeguarding civilians, preserving facilities, and securing humanitarian corridors for the delivery of urgent relief and medical aid. In this regard, the Ministry highlighted the UAE’s firm efforts, endeavours and successful calls that led to the Security Council adopting Resolutions 2712 and 2720 which demand that tangible steps be taken to
increase the necessary humanitarian aid flow to Palestinians, and safeguard the lives of the United Nations employees and humanitarian workers on the ground in the Strip.

The Ministry reiterated the UAE’s longstanding support for all international efforts aimed at ensuring a two-state solution, and stressed that the establishment of an independent Palestinian state is the only way to end the cycle of violence and confrontations between the Palestinians and Israel.

Furthermore, the Ministry reaffirmed the UAE’s longstanding and continuous support of all efforts aimed at promoting peace and de-escalation to end the ongoing conflict in Sudan, and resolve the Russian-Ukrainian Crisis, through dialogue and adherence to international law, while ensuring the protection of civilians and facilities. The Ministry highlighted the UAE’s deep-rooted stance in the rejection of violence, respect for nations’ sovereignty and territorial integrity, in addition to prioritizing conflict resolution through political and peacef
ul means.

COP28, ‘UAE Consensus’

As part of its comprehensive vision for global stability and the resolution of contemporary conflicts, the UAE hosted an exceptionally successful edition of the Conference of the Parties to the United Nations Convention on Climate Change (COP28), to advance international efforts. The Ministry underscored that the convention aimed to propel efforts for the advancement of Earth and humanity by mobilising innovative solutions that mark a significant milestone in climate action, in an inclusive manner that leaves no one behind.

The Ministry affirmed that the UAE’s pragmatic endeavours and innovative initiatives resulted in a historical unanimous agreement amongst parties participating in the conference, known as the ‘UAE Consensus’ which aims to usher in a new era of ambitious and efficient climate action. The landmark agreement provides an ambitious response to the Global Stocktake and aims to fulfil the core objectives of the Paris Agreement, keep the goal of 1.5 alive and wi
thin reach, and address financial shortages in climate funding. It proposes to facilitate this through the collection and mobilisation of over USD 85 billion in funding and the launch of 11 pledges and declarations, setting climate action on the right path to achieve these objectives.

Economic Prosperity

While building the future, the UAE’s foreign policy relies on efficient contributions in prominent international forums such as the G20, considering it an effective platform to foster peace, stability, and international prosperity, which reflects the nation’s steadfast commitment to achieving all international priorities.

The Ministry underscored that the UAE adopts incentivised economic strategies based on economic diversity, aimed at building a knowledge-based and diversified economy strengthened by scientific and technological advancement. The UAE’s economic business environments are characterised as dynamic, prosperous, and attractive to direct foreign investments, ranking first amongst Arab nations an
d holding an advanced position globally as a modern financial, trading, and economic hub. The UAE’s vision for the next 50 years is to become an international hub for investments, economic innovation, and an inclusive system for entrepreneurship, in addition to an advanced lab for new economic opportunities and projects.

In 2023, the UAE achieved a remarkable economic accomplishment, with non-oil foreign trade recording exceptional growth rates by reaching AED 1.239 trillion over the past six months of the current year. This is expected to rise to over AED 2.5 trillion, affirming the UAE’s pivotal role as an international hub connecting the East with the West and the North with the South.

Moreover, the Ministry highlighted that the UAE has strengthened its international partnerships over the past five decades, and continues to build economic competitiveness and sustainability while exploring new avenues of opportunity. As part of the ‘Projects of the 50’, which aims to create an advanced stage of developmen
t domestically and internationally, the UAE has launched several strategic projects and initiatives. The objective is to become an international capital of investment and economic innovation, fostering development opportunities by signing comprehensive partnership agreements (CEPAs) with active economies.

CEPAs are designed to enhance economic competitiveness and attract USD 150 billion (AED 550 billion) of direct foreign investments over the next nine years across sectors including digital economy, entrepreneurship, advanced skills, space, and advanced technology. In this regard, the Ministry underscored that the UAE has signed CEPAs with strategic partners and established economic links with several countries as part of its long-term strategy to diversify its economic ties and develop strong international partnerships in trading, industry, and investment. CEPAs are expected to pave the way for greater prospects in the Middle East, sparking a wave of economic opportunity built around digital and traditional
trade. Goods traded by sea, road, and air will enjoy faster, easier access while unlocking the untapped potential of digital trade, cross-border data flows, and blockchain; not only serving the UAE, but also future generations across the Middle East.

Humanitarian Efforts

The Ministry stressed that the UAE’s diplomatic and humanitarian institutions will continue to support humanity by reinforcing efforts to eradicate poverty, including supporting projects in developing countries, contributing to stability, prosperity, and growth, as well as assisting nation’s impacted by crises and disasters. In this context, the Ministry reaffirmed that the UAE is one of the largest donors in foreign aid compared to its national income: as total value of foreign aid provided to over 190 countries over the past five decades reached USD 95.06 billion, including US$1.83 billion over the past year.

UAE Diplomats, and Partners

The UAE remains committed to achieving further accomplishments in all fields, including maintaining t
he position of the Emirati passport as the strongest internationally. This reflects the efforts of MoFA, diplomatic missions, and UAE delegations abroad under the directives and support of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in demonstrating the UAE’s vision and important global contributions. In this regard, the Ministry thanked UAE citizens for their positive conduct and behaviour abroad.

The Ministry expressed gratitude and appreciation to its employees and diplomats working locally and internationally for their dedication to enhancing the reputation of the UAE and its pioneering leadership role. Particular gratitude is also extended to ministries, government institutions, and private sectors in the UAE, as well as regional and international partners for their continued support over the past years in promoting global peace, security, and development.

The UAE, guided by its belief in the importance of building bridges of partnership and reinforcing peace and stability, wishes for pe
ace and security across all nations and countries of the world.

The UAE expresses hope that 2024 will be a year of growth and prosperity, and looks forward to the new year with confidence and optimism that communication, diplomacy and economic integration will be used as tools that contribute to the region’s ability to address challenges and confront them, for the benefit of all.
Source: Emirates News Agency

January 1, 2024

ISRAELI AIR RAID ON THE AREA BETWEEN MAROUN AL-RAS &amp;amp; BINT JBEIL

Nabatieh – National News Agency correspondent reported that enemy warplanes carried out an air attack around 6:30 pm today, raiding over the area between the towns of Maroun al-Ras and the city of Bint Jbeil, firing two air-to-surface missiles, the explosions of which caused a loud sound that resonated throughout the region.
Source: National News Agency-Lebanon

January 1, 2024

ENEMY BOMBING OF THE OUTSKIRTS OF AL-JEBAIN, AL-BATISHIAH &amp;amp; TAIR HARFA

National News Agency correspondent reported that the enemy artillery shelling targeted the outskirts of the town of al-Jebain, in the western side, the Batishiah area, and the outskirts of the town of Tair Harfa this evening.
Source: National News Agency-Lebanon

January 1, 2024

ENEMY AIR RAID BETWEEN HOULA &amp;amp; MARKABA

National News Agency correspondent reported that an enemy raid targeted the area between Houla and Markab this evening.
Source: National News Agency-Lebanon

January 1, 2024

GUPCO Kicks Off Production at North Safa Oil Field in Gulf of SuezArab singers perform at ‘Al Wathba Nights’ within Sheikh Zayed Festival

The Gulf of Suez Petroleum Company (GUPCO) has successfully brought the first well of the North Safa oil field in the northeastern Ramadan region of the Gulf of Suez online. This achievement marks a strong start to the new year and aligns with the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to bolster national crude oil production.

The swift startup of the North Safa well reflects GUPCO’s commitment to accelerating the development of proven reserves and maximizing resource utilization. This success will contribute to strengthening Egypt’s energy security and potentially boosting export revenues.

Minister of Petroleum and Mineral Resources, Tarek El Molla, followed developments of the implementation of the early production plan from the North Safa oil field with Salah Abdel Karim, Chairman of GUPCO. The first phase of the early production project from the field aims to reach 6,000 barrels per day (b/d) in mid-January after the first well was placed on the production map at a rate of 2,500
b/d.

The second well is being completed in mid-January, bringing production to the targeted rates, and it is planned to increase it again to 12 thousand barrels per day through implementing an ambitious plan to drill 7 new wells.

It is noteworthy that the first phase of early production in the North Safa field was implemented by a coalition of Egyptian companies that includes Enppi, Petrojet, and Offshore Petroleum Services to establish and install the North Safa production station, and extend two production lines of 10 and 11 km in length, with a total investment of $125 million.
Source: State Information Service Egypt

ABU DHABI: The Sheikh Zayed Festival in Abu Dhabi is pulsating with the vibrant melodies of ‘Al Wathba Nights’, a captivating series of weekly concerts featuring renowned Arab singers and artists.

Every Saturday, the main stage transforms into a dazzling platform where musical magic unfolds, captivating audiences with diverse performances that cater to a multitude of tastes and cultures.

These concerts provide an opportunity for visitors to meet their favourite stars and experience cultural and authentic music outdoors. The festival brings together people from around the world and features various cultural, civilisational, and entertainment activities.

The Iraqi singer Kadim Al Sahir praised the festival’s outstanding organisation and the presentation of popular and heritage arts, celebrating authentic art with artists and musicians from different parts of the Arab world and beyond.

The concerts are held every Saturday on a main stage equipped with modern sound and lighting technologies, coinciding with w
eekend activities and fireworks displays. The festival offers various events, cultural, educational, and entertainment programmes for all age groups, as well as opportunities to win cash prizes, shop from a wide range of products, and enjoy culinary delights at local and international restaurants.
Source: Emirates News Agency

January 1, 2024

Al-Jundi Journal publishes its new January 2024 issue

ABU DHABI: Al-Jundi Journal issued by the Ministry of Defence has published its new January 2024 issue No. 600 in both Arabic and English.

Through its latest issue, Al-Jundi uses research and analysis to examine several vital issues and topics, along with the most significant events and news related to the Ministry of Defence and the UAE Armed Forces.

Under the title “Air Force and Defence Day’, Al-Jundi said in its editorial, ‘The annual celebration of Air Force and Air Defence Day on 6th January, known as ‘Unity Day’, marks the long and distinguished history of accomplishments by the UAE Air Force and Defence.

It also celebrates the achievements of the Armed Forces, which since the UAE’s foundation have played a crucial role in protecting its assets and defending its cherished land against all threats.’

Moreover, Al Jundi added, ‘The UAE Air Force has attained the highest levels of vigilance, capability and readiness to protect the homeland and safeguard its security, prosperity and stability. It has be
come a formidable force with a strategy capable of deterrence and defending the nation’s territory and sovereignty’.

The new issue of “Al-Jundi” touches on the most prominent political, military, and security events, new weapons, as well as scientific and technological developments achieved by modern technologies and artificial intelligence (AI) in the military field.

The Journal’s main file section of the January 2024 issue came titled ‘Philosophy of Modern Air Forces’.

In its ‘Studies and Analyses’ section, Al-Jundi featured a study titled, ‘When the Weather Becomes Another Enemy’, in addition to another study titled, ‘Sinking an Aircraft Carrier.. The Political and Military Calculations.’

Furthermore, Al-Jundi dedicated sections for the opinions and analyses of elite Emirati and Arab writers discussing various issues and matters of interest to readers.

Founded in 1973, Al Jundi’s first issue was published in October, covering the news and activities of the Ministry of Defence and the Armed Forces of t
he United Arab Emirates.

Through a set of distinguished writers and experts in defence and security from around the world, Al-Jundi publishes studies, research, reports, and specialised military files, dealing with research and analyses of many vital issues and topics of interest for its followers in the UAE, the Arab region and the world.

Since its inception, Al-Jundi Journal has built strong relationships and strategic partnerships with various manufacturers and producers in the military sector locally, regionally, and globally.
Source: Emirates News Agency