PLUG DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Plug Power Inc. Investors With Losses in Excess of $100K to Secure Counsel Before Important June 12 Deadline in Securities Class Action – PLUG

NEW YORK, June 10, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Plug Power Inc. (NASDAQ: PLUG) between August 9, 2022 and March 1, 2023, both dates inclusive (the “Class Period”) of the important June 12, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Plug Power 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 Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 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 June 12, 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, 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: The lawsuit alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Plug’s business and operations. Specifically, defendants misrepresented and/or failed to disclose that Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. As a result, defendants’ statements about Plug Power’s business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 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.

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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 8855730

National Employment Programme helped 22,529 people find jobs-Statistics

National Employment Programme helped 22,529 people find jobs, under agreements signed with Jordan’s private sector establishments, which totaled 1,003. According to statistics recently obtained by “Petra,” the number of beneficiaries of National Aid Fund (NAF) cash assistance reached 754 women and 927 men. The highest employment rates went to Jordan’s industrial sector, followed by the education and tourism sectors, respectively, then the mining industry, the statistics showed. A total of 58,810 job seekers registered in the programme, of whom 28,574 are females and 30,236 are males. Under the programme, a man or woman employed by a private sector establishment will receive JD130 as monthly wage subsidy provided that the employer offers the employee a one-year contract. The programme, which is a priority of the government’s economic action plans 2021-2023, comes in line with its directives to empower Jordanian youth in the age group between 18-40 years. The programme also aims to stimulate Jordan’s private sector to provide job opportunities to employ jobless Jordanians in all economic sectors in all the Kingdom’s governorates.

Source: Jordan News Agency

Jordan, Iraq hold talks on cooperation in peaceful nuclear energy

Jordan Atomic Energy Commission Chairman Khaled Touqan said Saturday the Kingdom is interested in expanding cooperation with Iraq and all Arab countries in the peaceful use of nuclear energy, and is willing to offer technical support and training and exchange expertise in this field. Touqan said during a recent meeting with an Iraqi delegation led by Minister of Higher Education and Scientific Research and Head of the Iraqi Atomic Energy Commission Naeem Al-Aboudi that Jordan is keen on cementing ties with Iraq, particularly in scientific and technological fields and the use of nuclear energy for peaceful purposes. The Jordanian nuclear reactor, he pointed out, is a landmark national scientific achievement, thanks to Jordanian expertise and competencies that endeavored to reach an advanced level in the national nuclear program for peaceful purposes and keep pace with global scientific developments in this domain. Toukan pointed to the various components of the Jordanian nuclear energy program, including the nuclear power plant, the nuclear reactor for research and training, the uranium exploration and mining project and the development of human resources, as well as the work of the Synchrotron-light for Experimental Science and Applications in the Middle East (SESAME). For his part, Al-Aboudi commended the model progress Jordan made in the nuclear field, adding that Iraq continued to enhance cooperation and share Jordan’s scientific expertise. Toukan accompanied the Iraqi minister and his delegation on a visit to the Jordan University of Science and Technology, where they were briefed on future projects and aspiration to make the university a scientific center at the Arab and international levels.

Source: Jordan News Agency

Jordan, Egypt sign agreement on use of gas facilities

Jordan and Egypt Saturday signed a cooperation agreement under which Egypt will use the Aqaba Floating Storage Regasification Unit (FSRU) during the remaining period of the floating vessel’s charter contract. Director General of the National Electricity Company (NEPCO) Amjad Rawashdeh and Egyptian Natural Gas Holding Company (EGAS) Chairmn Magdy Galal signed the agreement during a ceremony attended by Minister of Energy and Mineral Resources Saleh Kharabsheh and Egyptian Minister of Petroleum and Mineral Resources Tarek El-Mulla. Kharabsheh said the main objective of the agreement is to benefit from the resources of the two countries with higher efficiency at a lower cost, stressing that the use of the floating vessel in Aqaba will run until the end of its charter contract in late 2025, after which the coastal gasification unit the ministry is currently implementing will be used. He said the energy ministry is in the process of issuing bids for the gasification unit and that a perspective on how far the designs meet the needs of the two countries will be in place in the next two months, adding that the Jordanian government will launch the national program to supply natural gas to factories as well as homes in Amman and Zarqa, urging Egyptian firms to invest in it. For his part, the Egyptian minister said his country has the expertise in domestic gas applications and will help to maximize Jordan’s benefit in this field, stressing the importance of Jordanian-Egyptian cooperation in implementing a number of energy projects. He noted that Egypt has multiple energy efficiency and carbon emissions and global warming reduction ventures, adding that natural gas is a top priority in industrial projects.

Source: Jordan News Agency

Al Qasabi Concludes Official Visit to London with Meetings Aiming at Strengthening Economic Partnership

Minister of Commerce of the Kingdom of Saudi Arabia Dr. Majid bin Abdullah Al Qasabi held a number of meetings with British ministers and leaders of major companies, aiming at boosting trade and economic partnership between the two countries.

The meetings were attended by Saudi Ambassador to the United Kingdom Prince Khalid bin Bandar bin Sultan bin Abdulaziz and Deputy Minister of Commerce and CEO of the National Competitiveness Center .Dr. Iman bint Habbas Al-Mutairi.

During his visit, Al Qasabi met with the following UK officials: Minister of State for Energy Security and Net Zero Grant Shapps; Minister of Trade and Business Kimi Badinosh, Minister of Investment Dominic Johnson, Minister of State for Middle East and North African Affairs Tariq Mahmoud Ahmed, and Minister of State at the Department of Education Nick Gibb.

Al Qasabi also held meetings with Undersecretary of Department of Science, Innovation and Technology Viscount Camrose, Advisor to the British Prime Minister for Business and Investment Frank Petitgas, Prime Minister’s Special Representative for Education, Sir Steve Smith, and CEO of the British Accreditation Authority Matt Gantley.

The meetings tackled the strategies and programs of the Saudi Vision 2030 aimed at expanding business opportunities and investments between the two countries, as well as encouraging British companies to expand their businesses in Saudi Arabia, and encouraging and financing emerging companies to enter promising fields of research and innovation; the British experience in developing entrepreneurship was also reviewed.

Al Qasabi also held meetings with leaders of the British business sector, most notably with CEO of Rolls-Royce Tufan Erginbilgic, and participated in a dialogue session with members of the Asian House, a think-tank concerned with promoting trade between Asia, the Middle East and Europe.

The Saudi delegation had a scheduled visit to Dulwich College where it was briefed on the British practices and experience in the field of education.

The minister’s visit to UK coincided with the third meeting of the Economic and Social Committee of the Saudi-British Strategic Partnership Council, which convened in London.

Composed of 45 officials from 22 government, non-profit and private agencies, the Saudi delegation participated in the “Saudi-British Business Partnership Forum”, organized by the National Competitiveness Center, the Joint Saudi-British Business Council, and the Federation of Saudi Chambers.

Among the participating entities were the Central Bank of Saudi Arabia, the Public Investment Fund, Mohammed bin Salman “Misk” Foundation, Roshan Real Estate Group, the Federation of Saudi Chambers and the Joint Saudi-British Business Council.

Source: Saudi Press Agency

FNC’s Parliamentary Division takes part in 5th session of Arab Parliament in Cairo

CAIRO, 10th June, 2023 (WAM) The Federal National Council’s Parliamentary Division today participated in the 5th session of the Arab Parliament, which was held in the Arab League’s headquarters in Cairo. The delegation included Mohammed Ahmed Al Yamahi, Head of the FNC Parliamentary Division and Member of the Foreign Affairs, Political and National Security Committee; Naama Abdullah Al-Sharhan, Second Vice President of the Council and Member of the Social, Educational, Cultural, Women and Youth Affairs Committee; Ahmed Bushehab, Member of the Economic and Financial Affairs Committee, and Shatha Saeed Al Naqbi, Vice President of the Legislative, Legal and Human Rights Affairs Committee of the Arab Parliament. Al Yamahi said that the session of the Arab Parliament approved today, under the chairmanship of the Arab Parliament Speaker Adel Al-Assoumi, the draft resolutions submitted by the committees of the Arab Parliament, and discussed the latest political developments in the Arab countries, particularly in Sudan. In turn, Al-Sharhan emphasised the importance of the session of the Arab Parliament, which resulted in many important decisions related to Arab political, social, economic and legal issues. She also expressed her aspiration to execute these recommendations on the ground in a way that achieves stability for the Arab countries, and accomplishes the aspirations of the Arab people to live in security and stability. Hazem Hussein

Source: Emirates News Agency (WAM)