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Aquanow receives full operational approval from Dubai’s VARA, commencing operations in the Middle East

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DUBAI, UAE, July 29, 2024 /PRNewswire/ — Aquanow, a leading crypto infrastructure provider, has received full operational approval from Dubai’s Virtual Asset Regulatory Authority (VARA). Aquanow’s Virtual Asset Service Provider (VASP) licence allows the company to offer Broker-Dealer, Lending and Borrowing, and Management and Investment Services across the region.

The licence from VARA marks a major milestone in the company’s international expansion plans, with the UAE poised to become a significant growth pillar. This positions Aquanow to commence operations and enable crypto financial services in partnership with major financial institutions in the Middle East. The approval comes after a rigorous application process, an indication of the robust regulatory regime that has been established in the UAE.

Aquanow, headquartered in Canada, and operating globally, works closely with leading financial institutions including top-tier banks, brokerages, payment service providers, and enterprises. In 2023, Aquanow ranked amongst the fastest growing financial technology companies in North America, with a four-year revenue growth rate of 1,842%, according to the Deloitte Technology Fast 500 list.

Dubai is leading the way in creating a progressive environment that enables financial innovation whilst maintaining world class customer protection, financial stability and market integrity,” said Phil Sham, Aquanow co-founder and CEO. “We look forward to continued collaboration with the regulator and our industry peers as we contribute to the advancement of digital assets in the Middle East.

To learn more about Aquanow, please go to aquanow.com.

About Aquanow

Aquanow is a leading digital assets infrastructure provider enabling crypto financial services for institutional clients. Each month, the company facilitates billions of dollars of trade volume for a broad range of use cases. Aquanow serves an international customer base that includes the world’s fastest-growing banks, neobanks, brokerages, and payment companies. Established in 2018 and headquartered in Canada, Aquanow currently has 100+ team members. In 2023, Aquanow ranked amongst the fastest growing companies with a four-year revenue growth rate of 1,842%, according to the Deloitte Technology Fast 500 list.

About VARA

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

For more information visit: vara.ae.

Contact: Aquanow, Chris DeLuca, chris@aquanow.com

View original content:https://www.prnewswire.co.uk/news-releases/aquanow-receives-full-operational-approval-from-dubais-vara-commencing-operations-in-the-middle-east-302208699.html

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MOAJ Holding invests $30M in Joint Venture with MediSun Energy to Tackle Water Scarcity and Brine Challenges in Saudi Arabia

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SINGAPORE, Sept. 30, 2024 /PRNewswire/ — MediSun Energy and MOAJ Holding are pleased to announce the formation of MediSun Arabia, a joint venture designed to drive innovative energy solutions and tackle water scarcity in Saudi Arabia. As part of this strategic partnership, MOAJ Holding will invest USD 30 million to establish a cutting-edge manufacturing facility and co-develop a Saudi Brine Management Program with MediSun Energy.

The venture will include the construction of a manufacturing hub to produce MediSun’s WEGen stacks, critical components supporting renewable energy projects across the region. This facility will boost local industrial capabilities and play a central role in Saudi Arabia’s renewable energy transition, aligning with Saudi Vision 2030. Additionally, MOAJ Holding will be the exclusive distributor of MediSun Energy’s technologies throughout the Gulf Cooperation Council (GCC), expanding MediSun’s footprint in the Middle East.

Together, the partners will spearhead the Saudi Brine Management Program in collaboration with a leading academic institution renowned for its desalination research. This ambitious R&D initiative aims to address the environmental challenges of desalination brine by developing cutting-edge treatment technologies aligned with Saudi Arabia’s sustainability goals.

Dusun Kim, CEO of MediSun Energy, commented, “This joint venture marks a significant milestone for MediSun Energy as we expand operations in Saudi Arabia. Our WEGen technology, which harnesses Reverse Electrodialysis (RED) to efficiently convert saltwater into electricity, will play a key role in advancing Saudi Arabia’s sustainability targets by generating clean energy and reducing consumption. With MOAJ as our partner in the GCC, we look forward to a long-term partnership that drives meaningful impact.”

HE Mohammed N. Al Jasser, Founder of MOAJ Holding, added, “We are excited to partner with MediSun Energy in this transformative joint venture. Our shared vision for advancing sustainable energy and water management in Saudi Arabia highlights the significance of this collaboration. MediSun’s WEGen technology, which enhances energy efficiency while producing clean power, is aligned with the region’s sustainability goals. Together, we are dedicated to delivering these innovative solutions to the broader Middle East market.”

This joint venture positions both MOAJ and MediSun as key players in addressing the region’s water and energy challenges, aligned with Saudi Arabia’s Vision 2030 for a sustainable future.

About MediSun Energy

MediSun Energy is a technology-driven company focused on providing innovative, clean energy solutions. Its flagship WEGen technology leverages osmotic power to enhance energy efficiency in water desalination and renewable energy generation. Committed to a net-carbon neutral future, MediSun delivers sustainable, practical solutions that align with the global vision for a greener planet.

About MOAJ Holding

MOAJ Holding is a leading investment group with a focus on sustainable development across key sectors including energy, technology, and infrastructure. In line with Saudi Arabia’s Vision 2030, MOAJ invests in transformative projects that promote economic diversification and environmental sustainability.

For more information, visit www.medisun.energy or write to info@medisun.energy. You can also follow MediSun on LinkedIn.

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SOURCE MediSun Energy

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Casio to Release New Analog G-SHOCK with Octagonal Bezel and Chronograph Dial

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Full-Metal Model in the Slim and Popular 2100 Style

TOKYO, Sept. 30, 2024 /PRNewswire/ — Casio Computer Co., Ltd., announced today the release of the latest addition to the G-SHOCK family of shock-resistant watches. The new analog full-metal GMC-B2100 is a chronograph timepiece in the 2100 Style, which is known for its iconic octagonal bezel.

With the 2019 release of the first 2100 Style watch — the GA-2100 digital-analog combination model — Casio presented a contemporary interpretation of the very first G-SHOCK. Known for its distinctive octagonal bezel and slim, stylish design, the 2100 Style has been proven popular around the world.

The new GMC-B2100 is a shock-resistant watch that boasts a full-metal octagonal bezel and three functional inset dials, for a bold, fully analog face design.

For this chronograph model with metal exterior and analog face, the band and the bezel’s top surface feature a refined hairline treatment, while the subtly sloped bezel sides have been given a beautifully polished mirror finish. The indexes and inset dials are crafted using intricate fine processing technologies and finished with vapor deposition, not only delivering a high-quality texture but also ensuring excellent readability. The iconic octagonal design motif of the 2100 Style is incorporated into the inset dial ring in the 9 o’clock position as well as the screw-down crown, adding a powerful sense of presence to the full-metal form of the watch.

The new watch delivers practical utility, as well. The GMC-B2100 comes with the Tough Solar charging system, which effectively converts light from the sun and indoor light sources to power the watch, eliminating the need to regularly replace the battery. It is also equipped with the Mobile Link feature* for accurate timekeeping display and easy setting of alarms, world time and other functions when paired with a smartphone via Bluetooth®.

* Requires downloading the dedicated CASIO WATCHES app.

Photo – https://mma.prnewswire.com/media/2510881/GMC_B2100_KV__1.jpg
Photo – https://mma.prnewswire.com/media/2510882/front__3.jpg

View original content:https://www.prnewswire.co.uk/news-releases/casio-to-release-new-analog-g-shock-with-octagonal-bezel-and-chronograph-dial-302254269.html

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Why Are Multinational Corporations Confident of Chinese Market?

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BEIJING, Sept. 30, 2024 /PRNewswire/ — Finding Answers in China from China.org.cn:

 

As global economic uncertainties linger, multinational corporations are eyeing promising opportunities in China. What makes China a magnet for these companies? How are they adapting to the fast-paced changes in the market? In today’s episode of “Finding Answers in China“, Yoon Doson, CEO of CJ China, tells why he remains confident of the future in China.

Why Are Multinational Corporations Confident of Chinese Market?
https://youtu.be/AEv0m0avnGY

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/why-are-multinational-corporations-confident-of-chinese-market-302261774.html

SOURCE China.org.cn

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