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QNB GROUP ANNOUNCES THE SUCCESSFUL REFINANCING OF ITS EURO SENIOR UNSECURED SYNDICATED TERM LOAN FACILITY

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EURO 1 BILLION FACILITY

DOHA, Qatar, Oct. 20, 2024 /PRNewswire/ — QNB Group, the largest financial institution in the Middle East and Africa, announced the successful refinancing of its EURO senior unsecured syndicated term loan facility.  

 

 

QNB’s Group CEO, Abdulla Mubarak Al-Khalifa, commented:

“This refinancing saw strong interest from both global and regional banks, allowing QNB to further expand its investor base. The transaction was significantly oversubscribed at competitive pricing,, despite the challenging global market conditions, which reinforces our reputation as a high-quality borrower. We view this transaction as a clear affirmation of our effective strategy to position ourselves as a leading bank in MEASEA, while building valuable and lasting relationships.”

The EURO 1 billion facility, with a maturity of three years, was well supported by both regional and international banks with 23 institutions joining the syndication allowing a substantial oversubscription.

The syndication was led by Crédit Agricole Corporate and Investment Bank, Société Générale and Standard Chartered (the Bookrunners & Initial Mandated Lead Arrangers). Standard Chartered acted as the Documentation Co-ordinator and Société Générale as Facility Agent.

QNB Group stands as the leading financial institution in the Middle East and Africa, recognized as one of the most valuable banking brands in the region. With a robust presence in over 28 countries across three continents, Asia, Europe, and Africa—QNB offers comprehensive financial services and solutions. QNB’s team of over 31,000 professionals is dedicated to driving growth and providing advanced, tailored products and services that meet the evolving needs of customers worldwide.

 

 

View original content:https://www.prnewswire.com/apac/news-releases/qnb-group-announces-the-successful-refinancing-of-its-euro-senior-unsecured-syndicated-term-loan-facility-302281051.html

SOURCE QNB Group

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Global Times: ‘Green Dream’ photo exhibition in Berlin engages international audiences in China’s sustainable development, contribution to green cooperation

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BEIJING, Oct. 20, 2024 /PRNewswire/ — Over the past week, international audiences explored China’s sustainable development journey and its path toward modernization through a vivid photo exhibition in Berlin, Germany.

Titled “Green Dream: Themed Exhibition on the New Journey of Chinese Modernization,” the event was organized by the Global Times to celebrate the 75th anniversary of the People’s Republic of China and one of the events of the Global Times Overseas “China Week” series of activities.

The exhibition was held at the Westin Grand Hotel in central Berlin and was open to the public free of charge.

In today’s world, green has become the defining color of the New Era in China, with green development emerging as a significant feature of Chinese modernization.

Green development, which seeks to promote harmony between humanity and nature while maximizing economic and social benefits with minimal resource consumption, has now become a global consensus.

The event highlights China’s commitment to green development, emphasizing its role in promoting harmony between humanity and nature, actively implementing the concept of sustainable development and driving the global transition toward a low-carbon future.

The exhibition covered four themes under the key word “green” with dozens of striking images, showcasing China’s green lifestyle, eco-friendly industries, wildlife conservation, and its contributions to global environmental cooperation.

One highlight was Xiaomi’s electric vehicle, the SU7 Ultra prototype, symbolizing the nation’s commitment to green transportation. A particularly popular exhibit was the “BeijingAirNow” project, which compared air quality in 2013 with that of 2023, visually illustrating the city’s remarkable achievements in combating pollution.

Visitors were also captivated by a photo of pandas Meng Meng and her cub, Meng Xiang, from the Berlin Zoo, symbolizing China’s efforts in wildlife conservation and international cooperation. The 2022 Beijing Winter Olympics’ green initiatives also drew attention, inspiring visitors to explore China’s broader journey toward sustainable development.

It also showcased Global Times’ reporting on environmental topics from recent years, including the restoration of Yundang Lake in Xiamen, East China’s Fujian Province, and the development of China’s national park system.

Attendees, including representatives from German and Chinese media, students, tourists, and local citizens, discussed ways to promote international collaboration for sustainability goals. According to incomplete statistics, visitors hailed from China, Germany, Austria, Brazil, and the US.

Daniel Mendes Jenner, a Brazilian journalist with Germany’s Forum Nachhaltig Wirtschaften, noted that the exhibition offered a valuable connection to his research on sustainable development goals (SDGs). He praised the exhibition for showcasing both green industrial advancements and China’s work in fostering harmony between humans and nature. Photos of pandas and elephants particularly impressed him, showcasing China’s biodiversity conservation efforts.

Upon seeing Xiaomi’s SU7 Ultra prototype, Jenner also said Chinese electric vehicles like Xiaomi’s are becoming a hot topic among German youth. Through the exhibition, he learned about the vehicle’s sports car version.

Maximilian Sutrich, a visitor and postgraduate student at the Vienna University of Technology, had visited China earlier this year. After seeing the exhibition, he remarked that cities like Shanghai, Shenzhen, and Beijing are adopting non-fossil fuel transport solutions. He said China is moving in the right direction on sustainability and hopes to see further efforts in areas like food sustainability.

The “Green Dream” exhibition was the first event of the Global Times Overseas “China Week” series of activities. The Global Times plans to bring the Overseas “China Week” to more countries in the future.

https://www.globaltimes.cn/page/202410/1321527.shtml 

View original content:https://www.prnewswire.com/news-releases/global-times-green-dream-photo-exhibition-in-berlin-engages-international-audiences-in-chinas-sustainable-development-contribution-to-green-cooperation-302281167.html

SOURCE Global Times

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Asia’s largest Gifts & Home Fair opens today in Shenzhen

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SHENZHEN, China, Oct. 20, 2024 /PRNewswire/ — 4,500 suppliers inspire the gift and home industries

The 32nd China (Shenzhen) International Gifts and Home Products Fair (hereinafter referred to as “SZ Gift Fair”) commences today with an impressive exhibiting area of 260,000 square meters. The fair runs until Oct. 23 and 4,500 exhibitors will present millions of consumer products encompass houseware, kitchenware, home appliances, mobile electronics, drinkware, baby products, toys, pet products, etc. in 4 days. Buyers from 50 countries and regions descended upon the Shenzhen World Exhibition & Convention Center to source new products, connect with suppliers and streamline the supply chain for the upcoming season.

20+ manufacturing sites to feel the pulse of the industry

“The Generation-Z is having a greater impact on the consumer market, who are becoming an increasingly important part of the workforce. This surge is reshaping the supply chain, prompting manufacturers to offer more diversified and customized products.” Helen Shen, the vice president of RX Huabo, the organizer of the SZ Gift Fair, made a statement on Gift Industry Forum. “Worldwide buyers can find ceramics from Fujian, smart home appliances from Cixi, Gaoyang textile, HK trendy design and handmade crafts from Japan. Over 20+ industry belts with 1000+ real factories are showcasing their best products under one roof.”

30+ consumer product categories to capture emerging trends for 2025

With the evolving consumer demand and shifting preferences, the fair offers buyers a range of trendy products: fashionable health and wellness products; user-friendly smart appliances; creative and cultural products; smart and portable pet products; affordable stationery; exquisite textiles; all made global buyers delve into the gift and home industry.

About RX Huabo

With over 30 years of industry experience, RX Huabo has become the largest and most influential exhibition organizer in the Gift & Home sector in the Asia-Pacific region and is part of RX, the global leader in events and exhibitions. It organizes 16 professional B2B exhibitions at home and abroad each year, bringing together over 10,000 exhibitors and 1 million products to meet the purchasing needs of 3 million buyers. And through the online platform Limaotong, the new media matrix to build an omni-channel B2B online and offline trading platform to help quality suppliers, for millions of professional buyers to provide a year-round, efficient procurement platform.

For more information, please visit www.rxhuabo.com.cn/en       

Visitor/Exhibitor contact: lisa.li@rxhuabo.com.cn

View original content:https://www.prnewswire.com/apac/news-releases/asias-largest-gifts–home-fair-opens-today-in-shenzhen-302281022.html

SOURCE RX Huabo

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Regal Rexnord Showcases Innovative Fan and Motor Solutions at Data Centre World Asia in Singapore

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SINGAPORE, Oct. 18, 2024 /PRNewswire/ — Data Centre World Asia, one of the premier events in the region for data centers, cloud computing, cybersecurity, big data, AI, and IoT, was held at the Marina Bay Sands Expo and Convention Centre. As a key event of Tech Week Singapore, the exhibition featured cutting-edge innovations and industry trends.

At this year’s event, Regal Rexnord Power Efficiency Solutions (PES) division showcased its innovative products under the theme “Empower a Sustainable Future with Innovative Motor & Air Moving Solutions” .Featuring two brands, NICOTRAlGebhardt® for fans and genteq®  for motors, Regal Rexnord presented a comprehensive portfolio for data centers. The solutions range from cleanroom applications to temperature control systems within data centers, offering one-stop fan and motor solutions tailored to diverse customer needs. Stay updates on the latest innovations and industry insights by following us on LinkedIn at “Regal Rexnord Pacific”.

Rapid Growth in the APAC Data Centre Market

With the rapid development of emerging technologies like generative AI and cloud services, the need for data processing and storage is expanding at an unprecedented pace. The Asia-Pacific region is expected to become one of the fastest-growing data center markets globally.

As data center technologies advance, challenges such as improving ventilation and temperature control efficiency, minimizing noise, ensuring optimal performance in extreme conditions, and delivering compact yet high-performance designs must all be addressed. Regal Rexnord’s PES division offers complete fan and motor solutions specifically designed to meet these challenges, ensuring stable and efficient operation in data centers.

Innovating Beyond the Needs of Modern Data Centers

At the show, Regal Rexnord PES exhibited several high-efficiency products, including NICOTRAlGebhardt® COPRA EC fans, DDMP fans, Columbus axial fans, and genteq® SyMAX-PRO permanent magnet motors. These innovative solutions attracted significant interest from attendees across Asia.

The standout product, the NICOTRAlGebhardt® COPRA EC fan, is engineered for modern data centers with dynamic, demanding environments. The space-saving COPRA system integrates a motor, impeller, and controller, offering exceptional compactness, efficiency, and power density. Compared to traditional plug fans, COPRA delivers higher airflow and greater efficiency, significantly reducing the system’s footprint. This makes it a perfect solution for data centers, where cooling performance and energy efficiency are critical.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/regal-rexnord-showcases-innovative-fan-and-motor-solutions-at-data-centre-world-asia-in-singapore-302281118.html

SOURCE Regal Rexnord PES

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