Dominica consolidates regulations, underscoring the Programme’s integrity

Roseau, Dec. 19, 2023 (GLOBE NEWSWIRE) — In a proactive move demonstrating Dominica’s commitment to the integrity of its Citizenship by Investment Programme, the country has implemented watertight regulations to reinforce the legal framework of the Programme and its Unit. The new regulations are the next step in Dominica’s due diligence vision.

The new regulations strengthen the position of the Citizenship Unit, with the added support and oversight by the Committee, led by the Government’s attorney general. These new regulations formally protect the Government of Dominica’s ongoing commitment to due diligence. By consolidating its regulations into a single set of regulations that encompasses all aspects of the citizenship by investment process.

Dominica’s international partnerships are more important than ever to maintain, given the nation’s integral role as a leading member of the Caribbean Community (CARICOM), the Commonwealth of Nations and the Organization of Eastern Caribbean States (OECS).

In a step indicating Dominica’s multilateralism and deep commitment to its international partners, the nation builds on cross-country collaboration by denying citizenship to applicants who were denied any visa or right to enter the EU, UK, USA, or Canada, and to any other country that Dominicans can travel visa-free to.

The new regulations also enshrine into law information sharing between the CBI Unit and the Joint Regional Communications Centre (JRCC).   This means that information sharing between CBI countries and other jurisdictions is, and will remain, paramount.

Therefore, Dominica continues to take a proactive approach in making sure international partners are kept apprised of the CBI process and advancing the due diligence protocols to ensure the country continues to meet international best practice. Dominica is ensuring all loopholes are closed and are strengthening every part of the Programme.

Dominica set the standard for CBI due diligence earlier this year as the first country to introduce mandatory interviews as part of the country’s CBI application process. These regulations continue the work of the nation’s CBI Unit to uphold the Programme’s reputation of transparency and accountability.

The Six Principles, agreed upon in the US-Caribbean roundtable, deepen the collaboration between the Caribbean and US in maintaining the highest standards for integrity in CBI programmes.

There are minor changes in the regulations which affect applicants, but the majority of the new regulations tighten the responsibilities and requirements of Authorised Agents and Licenced Promoters.

The CBIU has formalised its commitment to ensuring its Authorised Agents and Licenced Promoters uphold the highest standards with the promotional guidelines now enshrined in the regulations.

Dominica made changes in 2022 to applicable dependants which are reflected in this consolidated version of the CBI Regulations. One additional change that affects applicants concerns the degree of dependency of certain eligible dependants. Under the new changes, adult children must now be fully supported to be eligible dependants.

The tightening of regulations also affects applicants who change their names. Under the new rules, Dominica has the power to deprive citizenship if applicants seek to change their name within five years of receiving their certificate of naturalisation.

Authorised Agents (AAs) have the most to pay attention to with the new rules. The new regulations shore up Dominica’s CBI Programme through adding enhanced requirements and responsibilities for AAs.

AAs must be a citizen of Dominica and have their offices registered in Dominica with at least three staff. AAs must also undergo independent due diligence checks, indicating Dominica’s commitment to integrity at every point in its programme.

The new regulations also increase the fees for AAs to register and renew their licences, reflecting AAs responsibility and enhanced requirements.

Licenced Promoters are also affected by the new regulations, consistent with the nation’s focus on watertight regulations to apply to each and every person involved in the Programme. The new regulations formalise the requirements for applying to become a Licenced Promoter and increase the application and renewal fees for Licenced Promoters. The new regulations also make sure that Licenced Promoters are acting in accordance with the promotional guidelines.

The promotional guidelines themselves, previously in the circular, have been incorporated into the regulations as a schedule.  The new regulations are explicit in the do’s and don’ts of the promotion of the Programme globally.

Dominica’s CBI Programme retains its commitment to its robust due diligence procedures and stringent regulations. The Government’s commitment to continuous improvement demonstrates its proactive approach. The enshrinement of the Six Principles into these regulations indicate Dominica’s push to adapt to evolving global standards and reinforce the Programme’s credibility.

Consistent with the nation’s ongoing efforts to uphold stringent due diligence practices, the Government of Dominica remains steadfast in its commitment to ensuring the highest standards of integrity and transparency in its CBI Programme.  Recognising the importance of closing all loopholes, Dominica has taken decisive action to reinforce its regulations and strengthen the Programme’s framework by addressing any vulnerabilities head-on. Dominica aims to dispel any doubts and maintain its reputation as a responsible and trustworthy destination for investment. Dominica is proud of its role in the global community and its rewarding international partnerships.

Investors can be confident in the transparency and accountability of the Programme, knowing that their contributions will be utilised to drive sustainable development initiatives that benefit both the country and its citizens.

Indeed, the CBI Programme has contributed to Dominica’s remarkable vision to be the world’s first climate-resilient nation. CBI has assisted in realising this vision, through funding a geothermal power plant and building climate-resilient infrastructure.

Thanks to CBI, the nation can build 5,000 climate-resilient homes, and deepen its investments in green energy.

CBI has also enhanced the country’s ecotourism offering, funding an international airport, new bridges, and new roads. This infrastructure allows ecotourists to make full use of the island’s multiple natural parks, four and five-star ecohotels, and protected marine parks.

These reinforced regulations not only strengthen the integrity of the CBI Programme but also reinforce Dominica’s position as a leading destination for investment.

The Government of Dominica’s unwavering dedication to enhancing the CBI Programme demonstrates its commitment to upholding rigorous compliance standards, even in the face of scrutiny. 

Secretary of Dominica Citizenship by Investment
Commonwealth of Dominica
001 (767) 266 3919
info@cbiu.gov.dm

GlobeNewswire Distribution ID 9007108

BioMed X Institute and Ono Pharmaceutical Launch New Collaboration in Cancer Research

German research institute BioMed X and Ono Pharmaceutical, a Japanese pharmaceutical company, started a new joint research project on cancer immunotherapies.

HEIDELBERG, GERMANY / ACCESSWIRE / December 19, 2023 / BioMed X announced today a new joint research project with Ono Pharmaceutical Co., Ltd, marking the start of the collaboration between the German biomedical research institute and one of the largest pharmaceutical companies in Japan. The project entitled “New Strategies to Engage Neutrophils in Solid Tumors” will be hosted by the BioMed X Institute in Heidelberg, Germany. The goal of this research project is to design next-generation immunotherapies by leveraging the antitumor effects of neutrophils.

Developing immunotherapies that target T cells has proved highly effective, and it is still a rapidly evolving research area. However, many patients remain resistant to these therapies, necessitating the development of novel immunological strategies. The presence of neutrophils in solid tumors has been well-documented, albeit their role in the tumor microenvironment seems to be paradoxical according to the data accumulated thus far. By uncovering novel neutrophil biology, this project aims to leverage their functions to design novel immunotherapies.

The new research team will join nine other research groups at the BioMed X Institute in Heidelberg, Germany. Researchers who are interested in becoming part of this new research group are invited to respond to this international call for application by submitting a project proposal via the BioMed X Career Space at https://career.bio.mx/call/2023-BMX-C03 before February 18, 2024.

Christian Tidona, Founder and Managing Director of the BioMed X Institute: “Oncology and immunology, including tumor immunology, are key areas of expertise at BioMed X. We are proud and honored that Ono has chosen our institute to develop new strategies for engaging neutrophils in cancer therapy”.

Toichi Takino, Senior Executive Officer/Executive Director, Discovery & Research at Ono Pharmaceutical: “We are very pleased to form a partnership with BioMed X in our mission dedicated to overcoming cancer. This innovative research collaboration will engage us with highly talented scientists around the world who possess unique ideas for immunotherapy utilizing neutrophils. We believe that the research team established through this collaboration will lead to the discovery of the next generation of immunotherapy with us”.

About BioMed X

BioMed X is an independent research institute with sites in Heidelberg, Germany, New Haven, Connecticut, XSeed Labs in Ridgefield, Connecticut, and a worldwide network of partner locations. Together with our partners, we identify big biomedical research challenges and provide creative solutions by combining global crowdsourcing with local incubation of the world’s brightest early-career research talents. Each of the highly diverse research teams at BioMed X has access to state-of-the-art research infrastructure and is continuously guided by experienced mentors from academia and industry. At BioMed X, we combine the best of two worlds – academia and industry – and enable breakthrough innovation by making biomedical research more efficient, more agile, and more fun.

About Ono

Ono Pharmaceutical Co., Ltd., headquartered in Osaka, Japan, is an R&D-oriented pharmaceutical company committed to creating innovative medicines in specific areas. Ono focuses its research on oncology, immunology, neurology and specialty research with high medical needs as priority areas for discovery and development of innovative medicines. For further information, please visit the company’s website at https://www.ono-pharma.com/en.

Contact Information

Flavia-Bianca Cristian
Recruiting & Communications Manager
fbc@bio.mx
+49 6221 426 11 706

View the original press release on newswire.com.

SOURCE: BioMed X Institute

Duck Creek Technologies Adds Lloyd’s of London Integration to its Reinsurance Cloud Platform

Duck Creek Reinsurance extends its market leading capabilities to support insurance carriers globally

LONDON, Dec. 19, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces support for and integration into Lloyd’s Outwards Reinsurance Scheme (LORS) for its ceding reinsurance customers using Duck Creek Reinsurance. Lloyd’s of London demands their members to have robust outwards (ceding) reinsurance strategies with appropriate systems, controls, procedures, and expertise to enable the effective management of outwards reinsurance purchasing and recoveries. With this latest functionality, Duck Creek Reinsurance continues to offer global carriers the necessary tools to integrate into the world’s leading reinsurance market.

The LORS capability within Duck Creek Reinsurance offers all the code sets used in LORS and USM messages, enabling Lloyd’s members and Duck Creek customers to directly connect to and interact with the Lloyd’s technology platform and processes. Duck Creek Reinsurance is equipped with the required data structure to support LORS Outward Reinsurance Advice Message to advise underwriters of transactions which are new, amended, or replaced by brokers, as well as Underwriter Response Messages which are used to advise underwriter authorisations, objections, and data changes. Duck Creek’s LORS integration also will confirm successful batch processing or report errors and will automatically notify insurance carriers regarding ceding movements and processing status. The Duck Creek Reinsurance LORS module includes full audit trail functionality giving insurers the ability to delete pre-authorised items or groups of items where they are in error and to request authorisation for signed items to be cancelled.

“Duck Creek’s LORS integration demonstrates our commitment to the London reinsurance market. As we build upon over three decades of market-leading reinsurance management capabilities, Duck Creek Reinsurance is delivering the core functionality and innovation to enable global growth for our reinsurance customers,” says Julien Victor, managing director, reinsurance management. “Duck Creek is also involved in the Lloyd’s Blue Print 2 initiative and we are proud to lead the market with cloud-based technology that supports many of the world’s most prominent insurance carriers’ reinsurance programs spanning the London, European, APAC, Bermuda, and USA territories.”

Duck Creek Reinsurance is a SaaS-based cloud platform that connects with any policy or claims system, data warehouse, and downstream general ledgers to track all the information related to reinsurance contracts (treaties and facultative contracts), claims, accounting data, technical data, auxiliary data, financial data, and more). Duck Creek Reinsurance has built-in reporting and can also connect to popular corporate reporting solutions. Duck Creek Reinsurance is a flexible solution tailored to international organizations using multiple currencies and multiple GAAP requirements.

About Duck Creek Technologies
Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand.

Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Contact
Drake Manning
drake.manning@duckcreek.com

GlobeNewswire Distribution ID 9006572

Top Tier Impact Investment Panel & Dinner: Accelerating the Energy Transition and Decarbonisation during COP28

Top Tier Impact at COP28

TTI Investment Panel & Dinner: “The Role of Impact Investing in Decarbonisation & Energy Transition”

DUBAI, United Arab Emirates, Dec. 19, 2023 (GLOBE NEWSWIRE) — The Top Tier Impact Investment Panel & Dinner, hosted at the DoubleTree by Hilton Dubai Jumeirah Beach on Thursday, December 7th, 2023, emerged as a resounding success during the COP28 summit, fostering meaningful discussions and connections on impact investing and global impact.

The evening commenced with a welcome by İlkay Demirdag, TTI Head of Global Events, followed by insightful opening remarks by Alessa Berg, Founder and CEO of Top Tier Impact. The keynote presentations from David Scott (Emirates Nuclear Energy Corporation) and Sweta Chakraborty, PhD (We Don’t Have Time, North America CEO) set a thoughtful tone for the discussions ahead in the energy space.

The heart of the event unfolded through two substantive panel discussions:

  • “Accelerating the Energy Transition” – Moderated by Alessa Berg, this panel delved into the pioneering efforts of Tarkan Ozballar, EnerGreen CEO, in utilizing blockchain for renewable energy investment. Burak Kuyan, CEO of Galata Wind, shared insights into the production of 100% renewable energy across Turkey, and Melanie Mann, Head of ESG at ARCH Emerging Markets Partners, provided perspectives on delivering value through sustainable investments.
  • “The Role of Impact Investing in Decarbonisation” – Moderated by İlkay Demirdag, this panel featured Kadir Gungor, Chairman of Sustainable Impact Capital & Holding, Mattia Pipino, Group CEO of Green Coast Enterprises, Maher Al Kaabi, Advisor to Group Chairman & Independent Board Member at Alserkal Group, and Pierre Abadie, Group Climate Director at Tikehau Capital. Each speaker shared their organizational journey toward sustainable development and climate resilience.

Alessa Berg, founder and CEO, comments “As we reflect on the success of the event, we share our gratitude to all attendees, speakers, and sponsors. The TTI Impact Investment Panel & Dinner shows the power of collaboration to create synergies such as investments, partnerships, and other forms of collaboration among the leaders who are advancing sustainable initiatives globally.”

We express gratitude to our sponsors: EnerGreen, the world’s first blockchain-based solution for investing in renewable energy plants, Galata Wind, a subsidiary of Doğan Holding, committed to producing 100% renewable energy across Turkey and ARCH, facilitating the transition to low-carbon, climate-resilient, and sustainable economies by providing a tier-one governance platform for specialist strategies.

Top Tier Impact

Top Tier Impact (TTI) was founded in 2019 by Alessa Berg to create more synergies in the climate and ESG space. She observed systematic gaps in the space over time and created TTI with the mission of accelerating the mainstream adoption of impact and sustainability in the way companies do business all around the world.

By connecting the most action-driven, results-oriented impact leaders globally, TTI accelerates the success of their community by enabling and encouraging investments, partnerships, deals, knowledge exchange, and more.

www.toptierimpact.com
support@toptierimpact.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae9deafd-627c-44b3-bd0b-3e77f2972cee

GlobeNewswire Distribution ID 9006969

‫إعلان أرقى أفضل 22 مكان للعمل فيها في السعودية عام 2023

الرياض، المملكة العربية السعودية – 19 ديسمبر 2023 – إعلان شركات روشن العقارية وفايزر السعودية والشركة العالمية للصناعات البحرية والاتحاد السعودي للرياضات الإلكترونية وشركة سواني ومركز الاتصال بالمركز الطبي الدولي وشركة جلوبال فارما وشركة كنان وشركة الرمز للخدمات الاستشارية وشركة بداية للتمويل العقاري والشركة المتحدة للمحولات الكهربية (Utec) وشركة خدمات الملاحة الجوية السعودية وشركة هوية والشركة الوطنية للإسكان وشركة زيروكس السعودية ومصنع أسمنت الصفوة (Safwacc) والشركة الوطنية لصناعة البسكويت والحلويات وشركة أسواق البحر الأحمر المحدودة وشركة الشرق الأوسط للكابلات المتخصصة (Mesccables) وشركة داون تاون السعودية وشركة ريمات الرياض للتنمية (Remat) وبرنامج تنمية (Tanmiah) كأرقى أفضل 22 مكان للعمل فيها في المملكة العربية السعودية للعام 2023 وفق البرنامج المرموق لشهادة أفضل أماكن العمل (Best Places to Work) وهو برنامج اعتماد دولي يتيح للشركات في مختلف البلدان فرصة تقييم جودة ممارسات أفرادها ومعرفة المزيد عن مشاركة العاملين لديهم ومدى رضاهم وتكريم الشركات التي توفر بيئة عمل استثنائية بأرقى معايير ظروف العمل.

وقد حصلت شركة روشن العقارية على المركز الأول تليها شركة فايزر السعودية إحدى الشركات التابعة للشركة الرائدة في مجال المستحضرات الدوائية الحيوية. كما أتت الشركة العالمية للصناعات البحرية في المركز الثالث يليها الاتحاد السعودي للرياضات الإلكترونية وهو الهيئة المنظمة المسؤولة عن رعاية نخبة أبطال الألعاب وتنمية وتطوير قطاع ومجتمع الألعاب في المملكة العربية السعودية. وقد أتت شركة سواني إحدى شركات صندوق الاستثمارات العامة السعودي والتي تم تأسيسها مؤخرًا لتعزيز نمو قطاع مزارع الإبل السعودية في المركز الخامس وقد أظهرت هذه الشركات إخلاصًا وفيًا لرضاء الموظفين وسلامتهم وتطورهم كما وضعت المعايير التي يجب على الآخرين اتباعها من خلال دعم بيئة عمل إيجابية تعزز النمو والتفوُّق.

وقد حدَّد أحدث بحث وتحليل لأفضل أماكن العمل (Best Places to Work) في ضوء بيئة العمل الحالية ونقص المواهب عدة عوامل تمايز أساسية للمؤسسات السعودية الرائدة، تشمل القيادة المحفزة والبراعة والتركيز على المواهب وإشراك المجتمع. وهذا العام أظهرت أهم 22 شركة ثقافة راسخة لرعاية موظفين حيث ذكر 84% في المتوسط من الموظفين أنهم يشعرون تجاه عملهم بالفخر وأن فريق القيادة محفز لهم وأنهم يشعرون بالرضا عن الطرق التي تسهم بها الشركات في المجتمع المحلي.

بحسب البحث الذي تم إجراؤه في 2023 والذي يغطي أكثر من 100 شركة في المملكة العربية السعودية فإن هذا الجيل الجديد من المواهب السعودية يرغب في العمل في مؤسسات تدعم تطورهم وتتيح أيضًا أفضل ممارسات المساواة والتنوع والاندماج والتفرُّد.

لمزيد من المعلومات يُرجى زيارة الموقع الإلكتروني للبرنامج:
www.bestplacestoworkfor.org

EHang expands in UAE with strategic partnership and sales agreement with Wings Logistics Hub


ABU DHABI: EHang Holdings Ltd, a Chinese autonomous aerial vehicle technology platform company, announced that it is extending its operations to the UAE. This expansion involves joining the Smart and Autonomous Vehicle Industries (‘SAVI’) Cluster in Abu Dhabi.

Additionally, a long-term strategic partnership has been formed with Wings Logistics Hub, the passenger eVTOLs (smart mobility) and logistics tech subsidiary of Technology Holding Company (‘THC’), being the technology arm of EIH Ethmar International Holding. The aim of this partnership is to collaboratively advance the development of urban air transportation and smart city management in the UAE and the Middle East and North Africa (‘MENA’) region.

The SAVI Cluster, situated in Masdar City and led by the Abu Dhabi Department of Economic Development (‘ADDED’) and the Abu Dhabi Investment Office (‘ADIO’), is dedicated to establishing Abu Dhabi as a key hub for smart and autonomous vehicles.

SAVI provides state-of-the-art facilities and value-added servi
ces within a supportive regulatory framework. This initiative encourages innovation and aids in the commercial application of smart and autonomous vehicle technologies.

EHang, with its cutting-edge autonomous eVTOLs and the world’s first eVTOL type certificate from the Civil Aviation Administration of China (‘CAAC’), has formed a strategic partnership with Wings Logistics Hub. The goal of this partnership is to introduce EHang’s autonomous eVTOLs to the UAE.

As part of the strategic partnership, Wings Logistics Hub and EHang will work together to facilitate local certification and operations of the EH216 series eVTOLs in the UAE. This includes the EH216-S, EH216-L, and EH216-F models, which are designed for passenger transportation, aerial logistics, and firefighting respectively.

Wings Logistics Hub intends to buy up to 100 units of the EH216 series eVTOLs from EHang with initial deliveries set to commence in the first quarter of 2024.

Mohamed Al Dhaheri, board member of Wings Logistics Hub, expressed en
thusiasm about collaborating with EHang to establish their inaugural international operations in Abu Dhabi. ‘Introducing electric aviation to the UAE is anticipated to alleviate congestion with zero emissions and, consequently, attract significant foreign direct investment and generate thousands of jobs in the region over the next decade. We take pride in our participation in the SAVI Cluster and remain steadfast in our commitment to advancing smart and autonomous vehicle technologies for passenger transportation, mobility, logistics, and smart city management in the UAE,’ said by Mr. Mohamed Al Dhaheri.

Huazhi Hu, Founder, CEO and Chairman of EHang, stated, ‘We’re excited to share our involvement in the SAVI Cluster and our strategic alliance with Wings Logistics Hub and EIH as we broaden our reach in the UAE market. As the first company globally to receive a type certificate for an autonomous eVTOL from China’s national civil aviation authority, we’re eager to bring our leading-edge technologies to the UAE
. Our aim is to work with our local partner to enhance safe, intelligent, autonomous, and eco-friendly air mobility in this region.’
Source: Emirates News Agency