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Alghanim Industries and BYD Unveil Landmark Showroom in Kuwait

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The largest BYD showroom outside China paves the way for transformative mobility.Cutting-edge electric and hybrid models empower eco-friendly choices.Reinforces customer-centric values and long-term commitment to Kuwait’s progress.

KUWAIT CITY, Kuwait, Dec. 18, 2024 /PRNewswire/ — Alghanim Industries, (Kutayba Alghanim Group), one of the largest privately-owned companies in the MENA region, celebrated the grand opening of its first BYD Alghanim showroom on the 4th Ring Road in Al Rai. As the largest BYD showroom outside China, this landmark facility marks a pivotal step forward in Kuwait’s journey toward cleaner, more sustainable transportation solutions.

This opening BYD coincides with its 30th anniversary and the production of its 10 millionth NEV—an unprecedented global achievement. As a pioneer in clean energy, BYD is reshaping the future of transportation through cutting-edge, environmentally responsible innovation. Alghanim Industries’ partnership with BYD aligns with its broader strategy to explore new opportunities in energy and sustainability, reaffirming the company’s commitment to innovation and excellence in Kuwait’s automotive sector and beyond.

This milestone occasion was further distinguished by the attendance of His Excellency Zhang Jianwei, Ambassador of the People’s Republic of China to Kuwait, who commended the partnership as a notable alliance between Alghanim Industries—renowned for its enduring legacy and customer-first ethos—and BYD, a Chinese innovator shaping the future of sustainable transportation.”

A Partnership Driving Kuwait’s Sustainable Vision

Kutayba Y. Alghanim, Executive Chairman of Alghanim Industries, reflected on the company’s enduring legacy and role in shaping Kuwait’s future mobility: “”Throughout our long history of serving Kuwait, Alghanim Industries has introduced offerings that enrich everyday life. Today, by partnering with BYD—an international leader in electric mobility—we’re not simply adding to our automotive range; we’re paving the way toward a cleaner, more innovative transport landscape. This alliance signals a forward-looking commitment to building a thriving, sustainable future for generations to come.”

Building on this perspective, Mahmoud Samara, CEO of Alghanim Industries, emphasized the company’s tangible steps toward advancing sustainable transportation: “For decades, Alghanim Industries has operated on a simple truth: serving our customers’ needs is what drives real progress. This principle led us to be among the first to introduce electric vehicles to Kuwait and invest in early charging infrastructure—an approach that raised industry standards and redefined what’s possible. Now, as we join BYD, an innovator whose vision and values mirror our own, we are moving beyond incremental improvements and embracing an era where sustainability, innovation, and genuine customer focus work in harmony, setting the tone for Kuwait’s evolving mobility landscape.”

Underscoring the synergy between the two organizations, AD Huang, General Manager of BYD Middle East & Africa, praised the strength of the collaboration: “We are proud to partner with Alghanim Industries, a trusted name whose success across multiple sectors has contributed to Kuwait’s growth and development. Their dedication to excellence and a forward-thinking approach aligns perfectly with BYD’s vision for a sustainable future. As we celebrate our 30th anniversary and the production of our 10 millionth NEV, we look forward to working closely with Alghanim Industries to deliver transformative mobility solutions, helping accelerate Kuwait’s journey toward cleaner, more efficient transportation.”

Paving the Way for Kuwait’s Green Future

Beyond the showroom’s launch, the partnership between BYD and Alghanim Industries reinforces a long-term vision for sustainable mobility in Kuwait. Alghanim Industries is actively investing in EV infrastructure, home-charging solutions, and collaborating with both public and private entities to accelerate the shift toward cleaner energy transportation.

Looking ahead, BYD plans to introduce models like the Sealion 7, the Shark electric pickup, and the Atto 2 compact SUV, broadening Kuwait’s range of environmentally friendly driving options.

With BYD’s global expertise and Alghanim Industries’ enduring legacy, this collaboration is poised to advance Kuwait’s transition toward sustainable mobility—creating a cleaner, more vibrant future for all.

Showcasing BYD’s Cutting-Edge Lineup

The BYD Alghanim showroom features a diverse selection of NEVs designed for a range of lifestyles and preferences:

BYD SEAL: An electric vehicle designed for various driving needs, featuring an 82.5 kWh battery that offers a range of up to 570 km on a single charge (WLTC). It includes a sleek design, comfortable interior, and innovative driver-assistance technologies, making it ideal for daily commutes and family outings.BYD HAN: An electric sedan equipped with a 85.4 kWh battery, providing a range of up to 565 km on a single charge (WLTC). It can reach a top speed of 180 km/h and accelerates from 0 to 100 km/h in just 3.9 seconds. The Han EV combines elegant design with cutting-edge technology, advanced safety features, and a state-of-the-art infotainment system.BYD ATTO 3: A compact electric SUV with a 60.48 kWh battery, offering a range of up to 420 km (WLTC). It is equipped with a front electric motor producing 150 kW (201 hp) and 310 Nm of torque, ensuring a balanced and dynamic driving experience. The BYD ATTO 3 features a spacious interior with advanced infotainment and safety systems.BYD QIN PLUS DM-i: A plug-in hybrid sedan featuring an 18.3 kWh lithium iron phosphate battery and a 1.5L engine. It provides a total maximum output of 145 kW (194 hp) and 325 Nm of maximum torque, with an electric range of up to 95 km and a combine driving range of up to 795 km (WLTC). The BYD QIN PLUS DM-i accelerates from 0 to 100 km/h in around 7.3 seconds and has a top speed of 185 km/h.BYD SONG PLUS DM-i: A versatile plug-in hybrid SUV powered by a 1.5T engine paired with an electric motor, delivering a combined output of 270 kW (362 hp). It features an electric range of up to 80 km with a 18.3 kWh battery. It also gives a combined range of up to 890 km (WLTC). The BYD SONG PLUS DM-i offers advanced safety features and a spacious interior for a comfortable driving experience.

Each model comes equipped with advanced features, including high-resolution rotating touchscreens, wireless smartphone integration, over-the-air (OTA) updates, advanced driver assistance systems (ADAS), and premium interiors designed for comfort and convenience.

Enhancing Community Engagement

To commemorate the showroom launch, Alghanim Industries announced support for a local road-improvement initiative led by Yousef Al Omran, known as “Bu Jarrah,” a prominent social media personality recognized for community-focused projects. While a lighthearted addition, this initiative demonstrates Alghanim Industries’ commitment to contributing positively to the surrounding neighborhood.

Event Highlights

The grand opening gathered industry leaders, automotive enthusiasts, and community members. Guests enjoyed a live performance by Murmuration, a band known for its dynamic and creative flair, adding a festive note to an event that celebrated both innovation and community progress.

In addition to Murmuration’s dynamic performance, guests were treated to a captivating recital by six-year-old Turkish qanun prodigy Aytaç Doğan Junior, whose extraordinary talent brought a distinctive cultural flair to the evening’s celebration.

 

 

 

 

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iM Global Partner launches Eurozone multi-cap fund

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PARIS and LONDON, Dec. 18, 2024 /PRNewswire/ — iM Global Partner (iMGP) has announced the launch of a new Eurozone equities fund, iMGP Euro Select Fund, to be managed by its Partner Zadig Asset Management (Zadig), a European equity specialist. This multi-cap fund will focus on Eurozone companies and is planned to be a “one stop shop” for clients who wish to gain access to the best ideas of Zadig Asset Management.

 

 

It will be co-managed by seasoned portfolio managers Francesco Rustici (mid and small caps) and Régis Bégué (large caps).

Francesco Rustici is co-manager of the Memnon Opportunities Fund and is AAA-rated by Citywire. He is ranked 2nd out of 263 fund managers in the Equity – European Small & Medium Companies category over 3 years for total return and brings over 28 years of experience to the fund. 

Régis Bégué is currently Partner of Zadig Asset Management and the co-manager of the Memnon European Equity Fund and has more than 29 years of experience. He joined Zadig in April 2024 after a successful career at Lazard Frères Gestion where he was Managing Director and responsible for running €10bn in client assets (in 2023) of which €6 bn was in European equities.

The Zadig team believes in truly active management and focuses on high-conviction investments and opportunistic stock picking with a style-neutral approach. The fund will be built on a valuation-driven, bottom-up process and will have balanced exposure to cyclical, growth, defensive and financial themes, investing in those companies offering, what the Zadig team believes to be, are among the best risk/return profile.

The fund has a multi-cap, blend style and has a high focus on alpha generation. The current portfolio holds 40 stocks (and can go up to a maximum of 50). It will maintain a minimum of 50% exposure to large caps and a maximum of 50% exposure to mid caps with a significant focus on liquidity.

The fund will be SFDR[1] Article 8 and, for French investors, it will comply with the PEA (Plan d’Epargne en Actions) rules. Local registration for retail distribution is currently ongoing.

[1] SFDR Article 8 funds promote/integrate environmental and/or social characteristics and incorporate good governance practices into their investment strategy. More information on sustainability-related characteristics and/or objectives can be found here : https://www.imgp.com/en/sustainability.

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CONTACT: media@imgp.com 

View original content:https://www.prnewswire.co.uk/news-releases/im-global-partner-launches-eurozone-multi-cap-fund-302333712.html

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Fastmarkets launches new voluntary carbon pricing to drive transparency in carbon markets

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LONDON, Dec. 18, 2024 /PRNewswire/ — Fastmarkets, a leading international price-reporting agency, is thrilled to announce the launch of its voluntary carbon pricing and news service. This new initiative positions Fastmarkets as a critical resource for businesses and investors navigating the complexities of sustainability-focused decisions. It also marks an important step in Fastmarkets’ expansion into the voluntary carbon market, with a comprehensive analytical release set to launch in 2025, complementing this price data with forecasts and insights into the broader carbon credit market for even greater transparency and customer benefit.

The initial pricing and news launch focuses on regional project type assessments, differentials, and the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). These assessments are set to meet the increasing demand for transparency from industries such as aviation, where the need for robust carbon offsetting solutions is growing rapidly. Further assessments to be released in 2025 will expand the coverage into the wider voluntary carbon market.

The voluntary carbon markets are crucial for businesses and countries working toward carbon emission reduction targets. However, the voluntary carbon markets can be fragmented, opaque and marked by a lack of transparent pricing. Project type, quality, geography, vintage and co-benefits can all impact the value of a credit, making it difficult for buyers and sellers to navigate the market. Fastmarkets’ new service addresses these challenges by providing reliable, objective and timely information, enabling stakeholders to confidently partake in and benefit from carbon trading. As more companies and countries look to meet their carbon emission reduction targets in the coming years, clear price references across the different project sectors are required to allow the market to scale.

The granularity in assessments we produce allows for deeper analysis into what is driving the market. While news and insights into policy developments, issuance and retirements, and supply dynamics will keep you informed and allow for more confident decision-making when navigating the voluntary carbon market.

“In a nascent market that’s full of potential yet marked by complexities, Fastmarkets is committed to elevating transparency,” Fastmarkets CEO Raju Daswani said. “Our comprehensive price references across various project sectors will empower the market to scale efficiently.”

Sam Carew, strategic markets editor for voluntary carbon at Fastmarkets, added, “Our goal is to deliver granular assessments that provide valuable insights to project developers, industry analysts, and market participants, thus enhancing their ability to manage procurement needs and market trends with precision.”

Impact and benefits of Fastmarkets’ voluntary carbon pricing and news service

Buyers of carbon credits have access to transparent and robust pricing data across multiple projects and regions, allowing for informed procurement decisions and effective management of carbon credit investments.Project developers receive insights into project-specific areas, helping them anticipate the value of their credits and capitalize on price premiums for differentiated offerings, like native species ARR.Market analysts benefit from comprehensive coverage of policy changes, issuance, retirements, and supply trends, providing actionable intelligence for strategic planning.Financial managers leverage Fastmarkets’ trusted price references for effective risk management and mark-to-market evaluations for carbon assets.

“Our voluntary carbon prices are set to become the benchmark, providing clear cost visibility across various credit types and helping remove pricing uncertainties,” Carew said.

This new pricing service complements Fastmarkets’ renowned legacy of offering analytical insights and benchmark data across global commodity markets, including metals, agricultural products and energy transitions.

For more information, visit Fastmarkets or email media@fastmarkets.com to connect with the team and find out how Fastmarkets can help you.

ABOUT FASTMARKETS

Fastmarkets is an industry-leading PRA and information provider for the agriculture, forest products, metals and energy transition commodities’ markets. Fastmarkets serves its customers with commodity benchmark prices and assessments, forecasts, analytics, insights, news and events. Its data is critical for customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management.

Fastmarkets is a global business with a history dating from 1865 and is built on trust and deep market expertise. It has more than 750 employees spread across several global locations including the UK, US, China, Singapore, Brazil, Bulgaria, Belgium, Ukraine and Finland.
Fastmarkets is a privately held UK-registered company owned by its shareholders and Astorg, a European private equity firm.

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SOURCE Fastmarkets

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Compliancy Group is G2’s Winter 2024 Leader for Healthcare Compliance Software

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NEW YORK, Dec. 18, 2024 /PRNewswire/ — Compliancy Group has been awarded as G2’s Winter Leader for Healthcare Compliance Software.

As a Winter 2024 Leader, Compliancy Group was rated number one for HIPAA Compliance, Auditing & Risk Assessment, BAA Management. Compliancy Group is also in the Healthcare Risk Management category, rated as number one for templates, education, incident management, report generation, and user satisfaction.

Compliancy Group was also recognized as:

Best ResultsMost ImplementableEasiest SetupBest RelationshipMomentum LeaderHigh Performer

To qualify for inclusion in the Healthcare Compliance category, a product must:

Monitor, track, and update any changes to industry and/or governmental regulation and practiceFacilitate the designation of compliance officers and committeesDevelop compliance-specific policies and procedures, including standards of conductFacilitate open lines of communicationSupport appropriate and relevant compliance training and educationSet up, track, and respond to detected compliance offensesSupport or offer internal monitoring, auditing, and measuring efforts

Learn more about what real users have to say (or leave your own review of Compliancy Group) on G2’s Compliancy Group review page!

Healthcare Compliance Resources

Healthcare Compliance Guide
HIPAA Checklist
Meeting OSHA Requirements in Healthcare

About Compliancy Group

Solve healthcare compliance challenges quickly and confidently with simplified software. Compliancy Group offers a robust toolset to track and manage all your healthcare compliance requirements with customizable software. Get an overview of your compliance readiness and easily generate reports to prove your compliance efforts. Expedite incident reporting and response management, record all the efforts, and identify organizational risk with a complete set of ticketing, tracking, and analysis tools.

Remove the complexities and stress of compliance, increase patient loyalty and the profitability of your business, and reduce risk. Endorsed by top medical associations, clients can be confident in their compliance program. Learn more about Compliancy Group and healthcare compliance!

About G2

G2 is the world’s largest and most trusted software marketplace. More than 80 million people annually — including employees at all of the Fortune 500 — use G2 to make smarter software decisions based on authentic peer reviews. Thousands of software and services companies of all sizes partner with G2 to build their reputation, manage their software spend, and grow their business – visit www.g2.com.

CONTACT: Lauren Vetter, info@compliancygroup.com

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SOURCE Compliancy Group

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