ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Signature Bank Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in First Filed Securities Class Action Initiated by the Firm – SBNY, SBNYP

NEW YORK, March 14, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Signature Bank (NASDAQ: SBNY, SBNYP) between March 2, 2023 and March 12, 2023, both dates inclusive (the “Class Period”). The class includes those who purchased Signature Bank call options and/or sold put options during the Class Period. A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2023.

SO WHAT: If you purchased Signature Bank 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 Signature Bank class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or 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 May 15, 2023. 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. 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 failed to disclose, among other things, that: (1) Signature Bank did not have the strong fundamentals that it represented itself as having in the days immediately prior to its takeover, or otherwise took action that left it susceptible to a takeover by the New York Department of Financial Services (“DFS”); (2) as a result, it became a target for regulatory action by the DFS, and (3) 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 Signature Bank class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or 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.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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

GlobeNewswire Distribution ID 8788118

Dubai Chamber of Commerce launches three Gold Sector-Specific Business Groups

DUBAI, 15th March, 2023 (WAM) Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched three business groups for the gold sector. The Gold Manufacturers, Gold Bullion and Refinery Group as well as the Gold Designers Business Groups will serve as a platform for members to advocate for policy changes beneficial to Dubai’s gold industry and drive the competitiveness of the market. For over a century, Dubai’s Souks have been the destination of choice for traders looking for pearls and gold and since then, the emirate has sustained its status as the ‘City of Gold’. Dubai trade in the gold market has increased considerably in recent years. At a CAGR of 15% between 2017 to 2021, the total trade of gold went from US$43.4 billion to US$75 billion. The three new gold sector-specific business groups will play a fundamental role in sustaining the promising growth of the industry, ensuring it continues to thrive and add significant value to the economy. old remains an attractive asset for many reasons. According to the World Gold Council, over the past decade, jewelry has made up 44% of annual average gold demand. Gold production has become geographically diverse with bar and coin demand surging in Europe after the Global Financial Crisis. Central Banks have become net buyers of gold as it has outperformed other assets such as bonds, commodities and the US dollar in the last three decades. Dubai has become a major destination for trade and investment in gold. Imports grew from US$29.2 billion in 2017 to US$48.7 billion in 2021 (14% CAGR), while total exports rose from US$14.2 billion in 2017 to US$26.3 billion in 2021 (17% CAGR). Dubai’s Gold Souk in Deira is home to more than 300 retailers and Dubai Multi Commodities Centre free zone serves the entire gold value chain, from research and refining to trading and investing. The three new business groups bring the chamber closer to its aim of establishing 100 business groups by the end of March. Business groups are imperative in ensuring representation of all the business and economic sectors in Dubai. The groups facilitate a two-way dialogue between government entities and the private sector, a key component in addressing policy matters and enhancing the competitiveness of Dubai’s economy.

Source: Emirates News Agency

Shared e-scooter trips clock 1 million in 2022: RTA

DUBAI, 15th March, 2023 (WAM) — Shared electric scooters in Dubai made about one million trips in 2022 and in the process, doubled the number recorded in 2021, amounting to 500,000 trips, all without sustaining fatalities or severe injuries. The shared e-scooter rental service is thriving and has become quite popular recently. E-scooters are shaping up as ideal individual mobility means for short trips and first- and last-mile journeys. More than 557,000 riders used the service in 2022, and the satisfaction rating hit 76 percent compared to 79 percent in 2021. The success of the first phase of the shared e-scooters operation is a result of the RTA’s efforts to expand the infrastructure at e-scooter operation zones announced in early 2022. The RTA provided dedicated e-scooter lanes with high safety and quality standards, connecting attraction points and high-demand spots such as public transport stations and entertainment areas like Jumeirah Beach. The RTA also permitted individuals to ride e-scooters on safe roads once they obtained riding permits. Since the launch of the electronic platform by the end of April 2022, the number of permits granted has grown to about 50,000. The initial phase of constructing e-scooter tracks covered Sheikh Mohammed bin Rashid Boulevard, Jumeirah Lakes Towers, Dubai Internet City, Al Rigga, 2nd of December Street, Palm Jumeirah, and City Walk. It also covered safe roads and tracks within specific zones at Al Qusais, Al Mankhool, and Al Karama on designated tracks and zones, in addition to dedicated tracks for bikes and e-scooters across Dubai, excluding the cycling tracks at Saih Assalam, Al Qudra, and Meydan. 11 New Areas in 2023 From the first quarter of 2023, the RTA permitted the use of e-scooters in 11 new residential areas in Dubai after completing all engineering and technical procedures and verifying traffic safety issues in the new areas. Thus, they contribute to safer tracks for users of individual mobility means such as bikes and e-scooters. Allowing the operation of e-scooters in 11 new residential areas raises the number of districts to 21, more than doubling the total length of tracks dedicated to bikers from 185 to 390 kilometres (km), which includes safe and shared internal roads for bikes and e-scooters across Dubai. The RTA converted internal roads spanning more than 200km in Dubai into safe roads featuring numerous traffic safety measures, such as reducing the speed limit from 40 km/hour to 30 km/hour and providing directional and cautionary signs to ensure safe mobility for all road users. The new areas where e-scooters are permitted are Al Tawar 1, Al Tawar 2, Umm Suqeim 3, Al Garhoud, Muhaisnah 3, Umm Hurair 1, Al Safa 2, Al Barsha South 2, Al Barsha 3, Al Quoz 4, and Al Qusais 3. The objective was to provide the neighbourhood with facilities to serve residents and offer them smooth access to public utilities such as mosques, public parks, and public transport stations using eco-friendly means. Directional/Cautionary Signs As part of the procedures undertaken to enhance traffic safety in the new areas where scooters are permitted, the RTA added ground markings that included introducing a red carpet marking to alert motorists that the use of e-scooters is permitted in this area, installing traffic signs that show the beginning and end of the safe track for riders of individual mobility means, modifying the speed signs, installing traffic and cautionary signs, as well as installing directional signs leading to public transport stations. Awareness Efforts Since the start of the trial operation of e-scooters in October 2020, the RTA has hosted numerous educational campaigns to sensitise users on traffic safety requirements, operational areas, and conditions for e-scooter use. Recently, the RTA focused on field efforts by deploying individuals to promote traffic awareness in popular areas among e-scooter users, such as Emaar Boulevard, Jumeirah Beach, Dubai Water Canal, and Jumeirah Lake Towers. The campaigns targeting scooter riders stressed the need for compliance with safety regulations and discouraged unsafe practices such as having more than one rider on a single scooter, obtaining necessary permits, adhering to legal age restrictions, and observing the speed limits. Over the last few months, the RTA carried out awareness events at eight metro stations that are popular among bike and e-scooter users. It coordinated with more than 40 scooter-selling outlets in Dubai to post stickers containing QR codes for checking all traffic safety instructions related to the safe use of e-scooters. Fines The RTA alerted the public that Resolution No. 13 of 2022 of the Executive Council, regulating the use of bicycles, including e-scooters, in Dubai, lists 21 traffic violations applicable to bikers with fines ranging from AED100 to AED300. The resolution governing the use of bicycles in Dubai and the list of offences and their respective fines can be accessed via the RTA’s website If any grievances arise in connection with these violations, they can be lodged via email at within 30 days from the date of registering the violation. The RTA urges scooter users to abide by traffic laws while riding on shared roads in the emirate and only ride on roads permitted for them. They should also comply with the traffic safety stipulations, such as wearing a protective helmet and jacket and ensuring their scooter has front and rear lights when driving at night. The RTA also advised scooter users to complete the online training course to obtain a free permit for riding e-scooters on its website.

Source: Emirates News Agency

UAE President receives UAE’s Swimming Team 62

ABU DHABI, 15th March, 2023 (WAM) — President His Highness Sheikh Mohamed bin Zayed Al Nahyan received the UAE’s “Swimming Team 62”, who completed 62-kilometre swim around Abu Dhabi island. During the meeting, which took place at Qasr Al Bahr, President His Highness Sheikh Mohamed exchanged cordial talks with the team and urged them to continue participating in awareness initiatives that contribute to educating the community and strengthening its role in preserving the marine environment. The swimming initiative, in which a number of government and private institutions participated, aims to enhance community awareness of the importance of the marine environment and water safety. A number of swimmers, namely Mansour Al Dhaheri, Vania Neves and Arjuna Don, succeeded in completing a 62-kilometre swim around Abu Dhabi, which took 34 hours non-stop. The initiative also aims to introduce the importance of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), which the UAE will host later this year, in addition to preserving the environment and achieving sustainable development goals. The initiative team undertook a year-long intensive training, during which they swam a total of 900 kilometres. On the other hand, and within the framework of this initiative, the Department of Culture and Tourism in Abu Dhabi organised an event through which the department set a Guinness World Record for the largest number of participants in a water safety lesson in one place. number of entities, including the Abu Dhabi Department of Education and Knowledge, Abu Dhabi Maritime, the Make A Wish Foundation, and the Storm Swimming Academy, participated in the “biggest lesson on water safety,” which highlighted the dangers of swimming in open water and raised awareness on relevant safety measures.

The lesson also saw the participation of 336 students from Abu Dhabi’s universities and schools, including a number of people of determination.

Source: Emirates News Agency

Ministry of Finance previews its cutting-edge smart projects and initiatives in the finance field at WSIS Forum 2023

ENEVA,15th March, 2023 (WAM) — As part of the UAE delegation, the Ministry of Finance (MoF) participated in the World Summit on the Information Society Forum 2023 (WSIS Forum 2023), which will run through 17th March, at the International Conference Center Geneva (CICG) in Geneva, Switzerland. The ministry’s participation is aimed at highlighting its cutting-edge smart projects and initiatives in the finance field, with special emphasis on its Digital Procurement Platform. The ministry also aims to bolster communication and partnerships with the participating entities and learn about other countries’ successful projects. Mariam Al Amiri, Assistant Undersecretary for Government Financial Management Sector at Ministry of Finance, noted that the ministry’s participation in WSIS Forum 2023 is of great significance. She mentioned that the forum represents the largest annual gathering of the information and communications technology (ICT for development) community in the world, and a platform to exchange best experiences and practices in the digital field. She said: “The Ministry of Finance’s participation in the forum stems from its belief in the value of international collaboration and the exchange of experiences among countries in all vital sectors. We believe in the importance of enhancing communication and cooperation with global partners from the public and private sectors to maximise the benefits of ICT, as they are key requisites to achieve sustainable development goals.” During the forum, MoF previewed the Digital Procurement Platform, whose third phase was launched recently and deployed by 32 ministries and federal entities. The platform digitalises the procurement process across the UAE federal entities, and it brings together the federal entities and registered suppliers on a single platform. The platform provides an easy and simple user experience and introduces a new concept of government procurement by creating a catalogue of the commonly procured goods and services by the federal entities. Buyers can choose the product based on a pre-contract with the supplier, add it to the shopping cart and submit their request to obtain the necessary approvals. MoF signed framework agreements with suppliers to ensure best prices and to provide the federal government with high quality products and services, and adding them to the catalogue without the need for entities to go through the tendering process. MoF team in the UAE delegation included Nadia Sultan Al Ali, Director of the Union Property Department, and Kholoud Karmostaji, Asset Management Accountant. The forum is a high-level international platform where efforts are coordinated among different countries of the world in all areas pertaining to communications, information technology and digital content. It also contributes to laying the common ground for creating a clear global vision and sector-specific goals. WSIS Forum is co-organised by the International Telecommunication Union (ITU), the United Nations Educational, Scientific and Cultural Organization (UNESCO), the United Nations Conference on Trade and Development (UNCTAD), and the United Nations Development Program (UNDP), in partnership with sister organisations of the United Nations. The forum also provides multi-stakeholders from governments, civil societies, private sector, academic institutions, and international organisations with the opportunity to boost partnerships and exchange information, expertise, and best practices in the field.

Source: Emirates News Agency

Mansour bin Zayed attends 14th Emirates Skills National Competition

ABU DHABI, 15th March, 2023 (WAM) — H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, today attended the 14th edition of the Emirates Skills National Competition, held under the patronage of H.H. Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF). The event was also attended by H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council. Sheikh Mansour said that the competition underscores the keenness of the UAE’s leadership to empower the Emirati youth, enhance their skills and enable them to excel in the labour market. He also lauded the efforts of the event’s organisers and the distinguished level of the competition, which aims to discover citizens’ talents in all technical and professional areas. He then commended the role of the Abu Dhabi Centre for Technical and Vocational Education and Training (ACTVET) in overseeing the competition’s organisation. Sheikh Mansour explored the competition’s venue and was briefed about the various activities held on its sidelines by Dr. Mubarak Saeed Al Shamsi, Director-General of ACTVET. He also learnt about several key skills categories, including mobile robot development, aircraft engine maintenance, industrial control systems, sculpture, computer turning, automotive technology, artificial intelligence and electrical engineering. Sheikh Mansour was then briefed about the “Programmer of the Future” initiative, which showcases the work of 100 Emirati programmers from grades six to twelve. The 14th edition of the competition was also attended by Dr. Ahmed bin Abdullah Belhoul Al Falasi, Minister of Education, Mohammed Abdullah Al Junaibi, Chairman of the Federal Protocol and Strategic Narrative Authority (FPSN), and several officials working in the education sector. The three-day event is part of the EmiratesSkills initiative which aims to raise awareness of vocational and technical education and raise the national standard of advanced technology capabilities among young Emiratis, in order to advance industrial and technological growth in the UAE. The 2023 edition of the event featured more than 300 Emirati students between 16 and 21 years of age demonstrating their capabilities across 23 skill-based challenges in fields including artificial intelligence, programming, aircraft maintenance, mobile robotics, coding and 3D printing.

Source: Emirates News Agency