Elektros, Inc. (OTC:ELEK) Elektros Secures Fleet from Tesla, Inc. to Launch its All-Electric Rental Car Division

Elektros (OTC PINK:ELEK), an emerging leader in the electric vehicle industry, today announced that the company has initiated a purchase order of several vehicles from Tesla, Inc. to jump-start the company’s all-electric rental car division.

SUNNY ISLES BEACH, FL / ACCESSWIRE / May 19, 2022 / Elektros Inc. announced today that the company has started the purchase order process for several electric vehicles from Tesla, Inc. to launch the company’s heavily anticipated all-electric vehicle rental car division. This purchase order will include multiple Tesla models which are expected to deliver in October of this year.

With the current demand for vehicles at all-time highs, the company looks forward to providing consumers with accessible and affordable car rental alternatives that will also aid in reducing the carbon footprint in the future. The company also foresees high demand from consumers who want to experience Tesla vehicles for the first time without having to purchase the vehicle.

“Securing our first fleet of electric vehicles for our rental car division fleet sets milestones for our company,” states Shlomo Bleier, CEO of Elektros Inc. “Elektros will be the world’s first-ever fully electric vehicle rental company.”

The first all-electric vehicle fleet will become available through Turo, a carsharing company, in Sunny Isles Beach, FL before expanding to other cities nationwide. The company looks forward to pioneering the future of electric mobility with sustainability in mind.

About Elektros, Inc.

Elektros is an American electric transportation company that innovates mobility solutions for consumers and businesses. The automotive landscape faces existential disruption over the next decade to reach carbon neutrality. Elektros addresses this paradigm shift with mobility technologies that support sustainability for a transformative user experience. Elektros aims to present a compelling and completely new electric vehicle experience known as Elektros Sonic to consumers beginning as early as 2023.

Cautionary Language Concerning Forward-Looking Statements

This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential,” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Elektros, Inc.’s products, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information that may be detailed from time to time in Elektros Inc.’s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs, and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Elektros Inc., please refer to the Company’s Securities and Exchange Commission filings, which are available at www.sec.gov. Elektros, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

Elektros, Inc. IR and Media Inquiries
Email: ElektrosInc@gmail.com
Website: https://elek.world/

SOURCE: Elektros, Inc.

DUBAI CHAMBER OF COMMERCE, HATTA TRADERS COUNCIL DISCUSS JOINT EFFORTS TO SUPPORT ENTREPRENEURIAL ECOSYSTEM

Dubai, UAE – Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, recently hosted a virtual meeting with Hatta Traders Council to discuss joint efforts to support Hatta’s entrepreneurial ecosystem and drive the area’s economic growth and development.

The meeting was attended by His Excellency Hamad Buamim, President of Dubai Chambers, Mana Ahmed Al Kaabi, Chairman of the Hatta Traders Council; Hassan Al Hashemi, Vice President of International Relations – Dubai Chamber of Commerce; in addition to members of the Hatta Traders Council. The meeting examined new ways that the two organisations can collaborate to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to develop the Hatta region and enhance its economic competitiveness.

Participants also discussed new efforts designed to achieve the objectives of the Hatta Master Development Plan, which is based on the Dubai Urban Plan 2040 launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to provide means of support Emirati entrepreneurs and involve this community in driving economic growth.

HE Buamim described the first meeting of the newly formed council as “very productive and positive” as it outlined new ideas and action plans that draw on the Chamber’s network and expertise, to boost business activity in Hatta and advance the development of economic sectors.

For his part, Al Kaabi said: “The Hatta region is fast economic a breeding ground for innovative business ideas in the fields of infrastructure, eco-tourism, agriculture, food security, trade, enterprise development. The Hatta Traders Council was established to identify existing potential and new opportunities that can support the growth of young businesses in Hatta.

Al Kaabi noted that Dubai Chamber of Commerce has extensive experience in supporting and enabling business growth and promoting Dubai as a global business hub, adding that the recent meeting paved the way for new collaboration and partnership opportunities between the Council and the Chamber that would create long-term economic benefits for the Hatta region.

Business groups and councils play a crucial role in promoting and supporting Dubai’s economy as they unify their efforts to ensure a favourable business environment and support the interests of their respective members. Dubai Chamber of Commerce works closely with various business groups and councils in Dubai that operate under its umbrella, to address shared challenges, share their recommendations for improving ease of doing business and providing them access to global growth opportunities.

The council’s objectives include supporting entrepreneurs and the entrepreneurship system, capitalize on economic opportunities, create a favourable business environment for entrepreneur and provide an ideal platform to share knowledge and showcase success stories of Hatta-based businesses.

Operating under the umbrella of Dubai Chamber of Commerce, the Hatta Traders Council, was recently established by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council Dubai.

Source: Dubai Chamber of Commerce & Industry

DEWA consolidates its knowledge environment through smart platforms and initiatives to spread and localise knowledge

Dubai Electricity and Water Authority (DEWA) provides a range of platforms, programmes, and initiatives to spread and localise knowledge and transfer expertise among all its employees. DEWA organises many educational courses to raise employee awareness on knowledge and its management, types of data, information and knowledge, intellectual property rights and ways to protect them. In addition, DEWA works through the Share K. Recognition Programme to honour its employees and teams that contribute to disseminating and managing knowledge at DEWA.

HE Saeed Mohammed Al Tayer, MD & and CEO of DEWA, said that DEWA had developed a strategy for disseminating, transferring and localising knowledge to build a knowledge-based society and economy. This in line with the directives of the wise leadership to accelerate the transition to a sustainable, knowledge-based economy.

“We support the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the city of the future and enhance its position as a global hub and a knowledge-based economy. DEWA has developed an integrated policy for knowledge management to determine investment priorities and encourage creative abilities to enhance knowledge sharing within the organisation, its sub-departments, and stakeholders. DEWA also launches many initiatives among employees to unify knowledge management concepts to achieve organisational excellence. This helps to provide services to customers with the highest levels of efficiency and reliability. At DEWA, we aim to become a self-learning organisation and establish a knowledge environment according to best practices and international standards. In 2019, DEWA received ISO 30401: 2018 certification in Knowledge Management Systems; becoming the first utility in the world to receive this certification,” added Al Tayer.

Smart Knowledge Initiatives

DEWA has 6 Knowledge Centres across a number of its branches. These centres depend on innovative and smart knowledge management systems. Employees can borrow and return books and periodicals using self-service kiosks. DEWA Smart Library allows staff to easily access digital content, especially scientific research in fields like renewable and clean energy. The number of downloads through the library from 2021 to the first quarter of 2022 reached over 32,000, and the number of registered employees in the library reached more than 4,000. The online catalogue allows employees to search for books available in DEWA knowledge centres. This is in addition to the Digital Reading Tree at DEWA’s headquarters, which includes more than 200 titles.

Internal platforms for knowledge, expertise sharing

DEWA provides several internal platforms to transfer and localise knowledge, including:

Ma’Rifa (knowledge) collaboration platform

It is a smart platform that allows employees to interact with their colleagues to exchange knowledge and collaborate on tasks and projects. The number of employee experiences related to specialised software that has been shared through the platform from 2021 until the first quarter of 2022 has reached over 100 programmes, and over 190 technical fields that employees are proficient in, have been monitored. The number of knowledge topics that employees are proficient in exceeds 500 subjects.

DEWA provides a ‘Future Signals Catalogue’ for its employees to learn about future signals and trends, and analyse and evaluate the possibility of turning them into initiatives that shape the future. Since its launch until February 2022, the platform has attracted more than 700 participants. In addition, DEWA provides the Afkari (My Ideas) portal, an internal online platform to encourage creativity and innovation in the work environment.

LinkedIn Learning

DEWA encourages its employees to participate in self-learning courses and programmes on LinkedIn Learning to enrich their knowledge and enhance their capabilities in Artificial Intelligence (AI) and emerging technologies. Since its launch in 2021 until the first quarter of 2022, the number of completed courses reached over 95,000, and the number of video watched hours reached over 46,000.

Reading Month

DEWA celebrates the Reading Month annually, and organises a series of activities, panel discussions and seminars by DEWA employees, stakeholders, writers, local and global speakers. DEWA also holds Arabic, English, and Hindi events on literary, cultural, technical, and other topics. In addition, DEWA provides discounts on purchasing books in collaboration with key distributors in the UAE.

Share an Hour

This isa ann initiative to increase readership among employees of DEWA where an employee would engage in a discussion for 60 minutes on a book of their choice.

Knowledge Day

A dedicated day to share and acquire knowledge. This event allows employees to share and develop knowledge through established knowledge-sharing activities.

Community of Practice (CoP)

This is a networking practice by people aligned to a common subject driven by a common business goal or services. A CoP brings together employees with shared experience and knowledge needs, helping them to accomplish tasks and face challenges collectively. The number of CoPs is currently 7, discussing 51 topics, and the number of knowledge assets has reached 56 assets.

Honouring distinguished individuals in knowledge management

DEWA promotes a culture of success and excellence among its employees. It encourages and motivates them continuously by recognising outstanding ones and highlighting their innovations for improving their organisational performance. Among the most prominent programmes of excellence and internal rewards that DEWA offers to the distinguished employees in the field of knowledge localisation are:

Share K. Recognition Programme

It is part of DEWA’s internal excellence awards. This in turn, promotes excellence and encourages healthy competition as the programme recognises employees and teams for their knowledge management and contribution. Employees are recognised for their effective utilisation of various knowledge management tools, techniques, and practices, in accordance with the highest excellence standards predefined globally and at DEWA. The number of individual requests to participate in the programme was 45, and the number of winners was 24 employees, while the number of team requests to participate was 12, and the number of winning teams was 3.

Knowledge Champions

A knowledge champion is an employee responsible for enabling and promoting knowledge sharing in a team, department, location, or business unit. The knowledge hero organises the employees’ knowledge management activities and ensures consistency in the shared information.

Source: Dubai Electricity and Water Authority

Saudi Tourism Authority signs over 90 agreements and MoUs in Dubai ATM 2022

DUBAI, The pavilion of the Kingdom of Saudi Arabia has concluded its participation in the Arabian Travel Market (ATM), held in Dubai recently.

Under the Saudi Tourism Authority (STA), 29 partners succeeded in highlighting the treasures of Saudi tourism, and its diversity, depth and tremendous opportunities, in addition to the success in re-communicating and confirming the commitment with the tourism industry and major international companies, by holding more than 4,000 meetings and concluding more than 90 partnership agreements and Memoranda of Understanding.

Saudi Press Agency (SPA) quoted Fahd Hamidaddin, CEO and board member of the STA, as saying that the Kingdom enjoys the confidence of the tourism industry and major international companies, which translates the volume and quality of agreements and memoranda of understanding that were concluded in Dubai ATM 2022.

The Saudi pavilion also announced a number of new programmes, agreements and partnerships for 2022.

Source: Emirates News Agency

Somalia Releases Nearly $10M Seized from UAE Plane Four Years Ago

WASHINGTON — The Somali government has released $9.6 million it seized from a United Arab Emirates plane in Mogadishu four years ago, a step aimed at mending relations that have been stuck at a low point ever since.

“The money has been released and it is on its way to the Emirates,” Somali Deputy Information Minister Abdirahman Yusuf Al-Adala told VOA Somali.

Other reliable government sources said Somali Prime Minister Mohamed Hussein Roble, leading a delegation, flew to Dubai Wednesday to deliver the money in person.

The money was returned three days after Somali lawmakers elected a new president, Hassan Sheikh Mohamud, replacing Roble’s political foe, Mohammed Abdullahi Mohamed. The new president has been sworn in but has not yet taken control of the government and it appears Roble acted independently.

A dramatic incident

The money was seized in April 2018, when Somalia’s National Intelligence and Security Agency seized three suitcases at Mogadishu’s international airport from a Boeing 737/700 operated by the UAE’s Royal Jet Airline. The suitcases contained $9.6 million in cash.

Several Somali security officials told VOA at the time they seized the money because it was illegal and was intended to disrupt the country’s security.

Ambassador Mohammed Ahmed Othman Al Hammadi, UAE envoy to Mogadishu at the time, denied the accusation. “The money is for the ministry of defense. It’s for the salary of the Somali soldiers,” he told VOA.

After the incident, diplomatic relations between Somalia and the UAE plunged to their lowest point in history, prompting the UAE to immediately end a military training mission in Somalia. It also closed a military facility and the Sheikh Zayed Hospital in Mogadishu.

Before the incidents, tension between the countries was already rising. In March 2018, Somalia’s lower house of parliament banned a UAE state-owned ports operator, DP World, from the Horn of Africa country, declaring it “a threat to Somalia’s sovereignty, independence and unity.”

Since then, the two countries have frequently exchanged angry political rhetoric.

The tensions were at their highest during the drawn-out process of Somalia’s elections, which were marred by disputes at all levels of government and a controversy over the president’s legitimacy.

After President Mohamed’s four-year term in office expired on February 8, 2021, Somali lawmakers passed a motion to extend his term by another two years.

However, an Emirati Foreign Ministry statement called President Mohamed’s government as an interim administration.

The president accused the UAE of interfering in Somalia’s internal affairs, instigating political divisions and attempting to upset the nation’s stability.

PM Apologized for Seizure

In April of this year, Prime Minister Roble offered a public apology for the 2018 seizure of the UAE money, pledging that the cash, which has been in the Central Bank of Somalia, will be returned.

“We want to accept that we were wrong and seek forgiveness from our brothers [UAE]. We are two brothers and whatever has happened, let us look forward,” Roble said in a video posted on Facebook.

In a statement, Emirati the Foreign Ministry thanked Roble for his “initiative” to settle the dispute over Somalia’s seizure of Emirati aircraft and the $9.6 million in cash.

Outgoing President Mohamed ordered the central bank governor not to release the money. But it appears Mohamed’s order was ignored.

Days after Roble’s apology, the UAE, seeking a turn-around in relations with Somalia, sent tons of aid to Somalia to help the sub-Saharan country as it tries to cope with a severe drought.

Source: Voice of America

Dubai Financial Market to launch trading of Oman Crude Oil Futures on 1st June

DUBAI, The Dubai Financial Market (DFM) announced on Thursday that it is launching trading of its new Micro Oman Crude Oil Contracts on 1st June 2022, providing investors with a unique investment opportunity The Micro Oman Crude Oil Contract will represent a significant addition to DFM growing futures market. It enables investors’ seamless access to gain on the increase or decrease of oil prices as well as to diversify their portfolios and access leverage to maximise portfolio size and potential returns.

The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible to a large number of investors.

The contracts will be supported by 3 market makers including; xCube, Al Ramz Capital, and BHM Capital and will be offered by several DFM Trading Members including; International Securities, BHM Capital Financial Services, Al Ramz Capital, Mena Corp Financial Services, Al Dar Shares and Bonds, SICO Financial Brokerage, EFG Hermes (UAE) and Arqaam Securities.

The new contracts are also the first outcome of the collaboration agreement between DFM and DME to develop new investment opportunities and offer retail investors the opportunity to be directly involved in the biggest and most relevant asset class in the region.

The new initiative underscores DFM’s efforts to implement its growth strategy that focuses on diversifying investment opportunities and financial products, in line with the growing demand from its diversified investor base of more than 900,000 investors.

Source: Emirates News Agency