April 3, 2023 – Page 2 – Emirates Press

April 3, 2023

ROSEN, A LEADING LAW FIRM, Encourages Zynex, Inc. Investors to Inquire About Class Action Investigation – ZYXI

NEW YORK, April 02, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Zynex, Inc. (NASDAQ: ZYXI) resulting from allegations that Zynex may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Zynex securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=12865 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.

WHAT IS THIS ABOUT: On March 6, 2023, Zynex announced that the Company was postponing release of its fourth quarter and full year financial results and conference call initially scheduled for March 6, 2023 to allow additional time to complete its year-end closing procedures.

On this news, Zynex’s stock price fell $2.65, or 21%, to close at $9.76 per share on March 7, 2023.

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.

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/.

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

GlobeNewswire Distribution ID 8799890

April 3, 2023

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages RH Investors to Inquire About Class Action Investigation – RH

NEW YORK, April 02, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of RH (NYSE: RH) resulting from allegations that RH may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased RH securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=12982 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.

WHAT IS THIS ABOUT: On February 3, 2023, after trading hours, RH filed a current report on Form 8-K with the Securities & Exchange Commission (“SEC”), which announced, in pertinent part, that its “previously unaudited financial statements for the three months ended April 30, 2022, the three and six months ended July 30, 2022, and the three and nine months October 29, 2022 should no longer be relied upon due to material unintentional errors in certain of these financial periods with respect to our calculation of basic and diluted net income per share.”

Further, RH announced that “in connection with the restatement, we determined that we had at least one material weakness in our internal control over financial reporting during the Non-Reliance Periods that continued to exist at January 28, 2023, the end of fiscal 2022. In connection with the material weakness, we have additionally concluded that our disclosure controls and procedures are also not effective.”

On this news, the price of RH’s stock fell $25.19, or 7.3%, on February 6, 2023.

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/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

GlobeNewswire Distribution ID 8799898

April 3, 2023

PACW INVESTOR NEWS: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages PacWest Bancorp Investors to Inquire About Securities Class Action Investigation – PACW

NEW YORK, April 02, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues investigating potential securities claims on behalf of shareholders of PacWest Bancorp (NASDAQ: PACW) resulting from allegations that PacWest may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased PacWest securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=13000 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.

WHAT IS THIS ABOUT: On March 10, 2023, Insider published an article entitled “First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008” which stated, among other things, that PacWest “ha[s] exposure to the same type of venture capital clients that Silicon Valley Bank had. A sizeable amount of PacWest’s lending portfolio is tied to real estate owned by venture capital firms.”

On this news, PacWest’s stock price fell $7.54 per share, or 37%, to close at $12.35 per share on March 10, 2023.

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.

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/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

GlobeNewswire Distribution ID 8799973

April 3, 2023

Sharjah Ruler directs restoration of eight rare Arabic books at El Escorial Library in Spain

SHARJAH, Marking a significant contribution to the preservation of Arab and Islamic cultural heritage, H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has directed the restoration of eight rare Arabic books housed at El Escorial Library in Spain.

The restoration project is part of His Highness’s efforts to preserve the global heritage and manuscripts of El Escorial, particularly those related to Arab and Islamic cultures. The initiative continues Sharjah’s endeavors in preserving the cultural legacy of the region and underscores His Highness’s commitment to cultural and intellectual exchange on a global scale.

The books slated for restoration include Ibn Arjomand’s Al-Ajrumiyyah, three copies of the Holy Quran from 1257, 1402, and 1397, Abu Al-Fida’s book on human history summaries, Tarikh Al Mukhtasar Fi Akhbar Al Bashar; Al-Asfahani’s book of songs, Al Aghani; Al-Milal Wa Al-Nihal; and Kharidat Al-Ajaib Wa Faridat Al-Ghraib.

Through this initiative, Sharjah is making the first global contribution to the preservation of the rare and invaluable books and manuscripts at El Escorial Library that document Arab and Islamic history. His Highness visited the library in 2019, resulting in collaborations between the emirate and the library in various fields, including restoring and showcasing rare Arabic books to interested parties.

The restoration project coincides with the opening of “The Arabic Manuscript Collection of El Escorial” Exhibition at the Sharjah Book Authority (SBA).

The event, held in collaboration with El Escorial library, showcases 14 rare manuscripts from the 13th to 16th centuries and runs from 2-9 April. Sharjah is also the first city to host an exhibition of the largest collection of rare Arabic artifacts from the El Escorial Library outside of Spain.

Source: Emirates News Agency

April 3, 2023

RTA holds ‘Services 360: From Competition to Collaboration’ government innovation lab

DUBAI, Dubai’s Roads and Transport Authority (RTA) recently held a government innovation lab titled “Services 360: From Competition to Collaboration” at the University of Birmingham Dubai, at the Dubai Academic City.

The lab, which was hosted by the Customer Happiness Department at RTA’s Corporate Administrative Support Services Sector, brought together various government and semi-government entities from the emirate, including Dubai Police, the Department of Tourism and Commerce Marketing, and Dubai Land Department, as well as representatives of several private companies in various industries, in addition to employees from various RTA agencies and sectors.

Mehailah Al Zahmi, Director of Customer Happiness, at RTA, said, “RTA consistently focuses on delivering innovative services, embracing cutting-edge methods to delight customers and enhance their satisfaction. Such a drive requires effective implementation of the ‘Services 360’ policy, which offers a comprehensive approach to improving services by adhering to eight core principles aimed at consolidating government efforts in providing services. The policy serves as a roadmap and agenda for all government agencies in Dubai and guides them in offering seamless, proactive, and integrated services matching customer expectations.”

She stressed that the goals of the laboratory focused on deepening a holistic comprehension of the Services 360 policy principles and their influence on the advancement of integrated government performance. “They aim to achieve the policy implementation’s intended objectives, its vision, and the processes for executing and cultivating the customer journey in line with Services 360 principles.”

The lab also aimed to improve the quality of services offered by RTA, keep up with cutting-edge global technology, and foster a creative atmosphere that inspires the development of inventive solutions to address customer needs. “Additionally, the lab sought to enhance the collaboration among partners and stakeholders involved in service provision, thereby promoting the efficiency in forging partnerships and harmonising efforts across various government agencies,” Al Zahmi explained.

The lab aims to foster a comprehensive understanding of the methods for implementing the principles of this policy while increasing awareness of participants and stakeholders of Services 360, its components, and requirements. It also emphasises the significance of collaboration between partners in providing services, she added.

“The objectives also include showcasing RTA’s strategies and goals for aligning its services with the policy’s requirements and implementation phases, as well as developing a clear vision for the future of customer journeys through digital integration by the digital experience. The lab also explores the potential for achieving coherence, seamless service delivery channels, and customer communication channels besides identifying related aspects in the customer journey during the service design phase,” Al Zahmi concluded.

Participants in RTA’s government innovation lab focused on eight principles of Services 360: Digital Experience First, Proactive Services, Integrated Data and Services, Unified and Customised Channels, Service Efficiency, Customer Centricity, Service Advisor, and partnership with the Private Sector.

The deliverables of the Lab, encompassing concepts and suggestions stemming from its sessions, goals, strategic directions, and activity scenarios conducted by attendees, were integrated into plans and strategies for enhancing the quality of services offered under the supervision of RTA’s Customer Happiness Department.

The “Services 360” lab was based on several focus areas outlined in its agenda and aimed to promote interaction between participants through engaging activities. These areas included: enhancing customer experience in line with the principles of Services 360, identifying practical aspects of customer experience and its relation to the organisation’s capabilities for improvement; and integrating Services 360 with actual customer experience; developing mechanisms for collaborating with third parties and service delivery partners to ensure seamless, integrated, and consistent channels.

It also focused on providing comprehensive customer support with real-time digital and proactive services; facilitating data interconnection between government agencies; offering unified channels for service provision; efficiently addressing customer needs and expectations; fostering creativity and innovation in government services for continuous process improvement; and enriching customer experience through partnerships with the private sector for services that can be delivered by third parties. These focus areas served as the main discussion topics to fulfil leadership directives and promote creativity and innovation across RTA.

Source: Emirates News Agency

April 3, 2023

OPEC+: Voluntary oil output cut by 1.66 mln bpd a precautionary measure to support oil market stability

VIENNA, The 48th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 3rd April 2023.

The Committee reviewed the crude oil production data for the months of January and February 2023 and noted the overall conformity for participating OPEC and non-OPEC countries of the Declaration of Cooperation (DoC).

The Members of the JMMC reaffirmed their commitment to the DoC which extends to the end of 2023 as decided at the 33rd OPEC and non-OPEC Ministerial Meeting (ONOMM) on 5th of October 2022, and urged all participating countries to achieve full conformity and adhere to the compensation mechanism.

The Meeting noted the following voluntarily production adjustment announced on 2nd April 2023 by Saudi Arabia (500,000 bpd); Iraq (211,000 bpd); United Arab Emirates (144,000 bpd); Kuwait (128,000 bpd); Kazakhstan (78,000 bpd); Algeria (48,000 bpd); Oman (40,000 bpd); and Gabon (8,000 bpd) starting May until the end of 2023. These will be in addition to the production adjustments decided at the 33rd OPEC and non-OPEC Ministerial Meeting,

ccordingly, this will bring the total additional voluntary production adjustments by the above-mentioned countries to 1.66 million bpd.

The Meeting noted that this is a precautionary measure aimed at supporting the stability of the oil market.

The next meeting of the JMMC (49th) is scheduled for 4th June 2023.

Khoder Nashar

Source: Emirates News Agency