Wagdy Ghoneim http://wagdyghoneim.com/ Sat, 27 Nov 2021 07:10:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://wagdyghoneim.com/wp-content/uploads/2021/03/wagdyghoneim-icon-70x70.png Wagdy Ghoneim http://wagdyghoneim.com/ 32 32 Vaccination is the best weapon to fight COVID-19, according to AHBN | The Guardian Nigeria News https://wagdyghoneim.com/vaccination-is-the-best-weapon-to-fight-covid-19-according-to-ahbn-the-guardian-nigeria-news/ Sat, 27 Nov 2021 04:27:00 +0000 https://wagdyghoneim.com/vaccination-is-the-best-weapon-to-fight-covid-19-according-to-ahbn-the-guardian-nigeria-news/

Urges transparency in the use of funds

The Africa Health Budget Network (AHBN) has said vaccination is the best weapon and strategy to fight COVID-19, urging Nigerians to take the vaccines “because they have all been proven to be very safe.”

AHBN coordinator Dr Aminu Magashi, who said this at the Nigerian Health Journalists Association (ANHEJ) 5th Annual Conference in Nasarawa State, noted that for Nigeria to t awaits a full recovery from the pandemic, government and policymakers must prioritize health. .

Magashi, who spoke on “Nigeria’s COVID-19 Financing and Stimulus Plan: The Role of the Media” called on the federal government to ensure efficient and transparent use of all COVID-19 funds.

The AHBN boss, who was represented by Senior Programs and Partnerships Officer Obinna Onuoha, noted that the COVID-19 finance and recovery plan touches the lives of all Nigerians and, as such, the public should be properly informed of how every penny is used. .

He urged ANHEJ members to make sure they ask tough questions about the type, nature and duration of financial support for each stimulus package while the media should ensure that all Nigerians are knowledgeable of the facts.

With all efforts underway to recover from COVID-19, the media are on the front lines to ensure that all Nigerians are well informed of the facts, funds received and from whom, the plans of the government in place. use these funds to ensure quality health, what are the checks and balances to ensure that these dedicated funds provide good value for money, what steps are taken to ensure that all parties involved are held accountable for disbursement and use of these funds, what are the feedback mechanisms from beneficiaries of these health interventions, and how challenges and lessons are learned for future reference, which we can learn from the past.

“In our ever-connected world, information is power, information is key. Therefore, as health journalists charged with the revered responsibility of providing answers to these questions, Nigerians see you as the custodians of factual, verified and timely information.

“Every COVID-19 finance and stimulus package touches the lives of all Nigerians and as such we need to make sure the public is well trained. If you haven’t heard it before, I’m telling you now, you are saving millions of lives through the work you have done, ”Magashi said.

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National institutions turn bullish amid weak feelings https://wagdyghoneim.com/national-institutions-turn-bullish-amid-weak-feelings/ Fri, 26 Nov 2021 20:31:00 +0000 https://wagdyghoneim.com/national-institutions-turn-bullish-amid-weak-feelings/

Domestic institutions were seen as bullish amid weak sentiments from the Qatar Stock Exchange, which stabilized below 10,800 levels this week.
Despite significantly weakened net sales from local retail investors, the Qatar 20-stock index reached 159 points or 1.23% this week, allowing QNB to close the syndication of its senior non-senior term loan facility. three-year guarantee of 1.75 billion euros.
More than 85% of the components traded were in the red this week, which allowed Milaha to explore the option of launching logistics services in Georgia.
Industrial and real estate outlets have seen above-average selling pressure this week, which saw commercial banks in Doha register more than 10% year-on-year growth in their total assets to QR 1.79 billion in October. 2021.
Foreign institutions were seen as net profit takers this week, allowing the port of Doha, Qatar’s gateway for maritime tourism, to wait for up to 86 cruises during the season. cruise 2021-22 which will run until the end of April 2022.
Arab individuals were also net sellers this week, which saw a total of 111,346 QATR exchange-traded funds sponsored by Masraf Al Rayan, valued at QR 289,789, change hands in 26 transactions.
Gulf institutions have been increasingly net profit takers this week, with a total of 200,205 Bank of Doha sponsored QETFs valued at QR 2.3 million across 28 transactions.
Foreign individuals, however, were increasingly inclined to buy net this week, which saw a total of 112,500 sovereign bonds valued at QRF 1.13 billion change hands in two deals.
Market capitalization has seen an erosion of over QR 10 billion or 1.46% to QR 679.91 billion, mostly in large and mid-cap segments this week, which saw the industrial and banking sectors together make up about 64% of the total volume of trade.
The Total Return Index fell 1.33%, the All Share Index 1.29% and the All Islamic Index 1.46% this week, which saw overall trade volume and value. to lower.
The industrial sector index fell 2.14%, real estate (1.26%), banking and financial services (1.22%), consumer goods and services (1.1%), telecommunications (1.03%) and transport (0.08%); while insurance gained 0.16% this week which saw no T-bill trading.
The main agitators in the main market included Mesaieed Petrochemical Holding, Investment Holding Group, Qatari Investors Group, Vodafone Qatar, Al Khaleej Takaful, QNB, Doha Bank, Masraf Al Rayan, QIIB, Alijarah Holding, Qatari German Medical Devices, Industries Qatar, Qamco , Aamal Company, Ezdan and Mazaya Qatar. In the venture market, Mekdam Holding saw its share depreciate.
Nevertheless, Qatar General Insurance and Reinsurance, Ahlibank Qatar, Milaha, Qatar Cinema and Film Distribution and Commercial Bank were among the winners in the main market. In the venture capital market, shares of Al Faleh Educational Holding made gains.
On the main market, the industrial sector represented 37% of the total volume of trade, banking and financial services (27%), consumer goods and services (18%), real estate (11%), transport ( 3%), telecommunications (2%) and insurance (1%) this week.
In terms of value, the share of the banking and financial services sector was 48%, manufacturers (27%), consumer goods and services (10%), real estate (6%), transport (5 %), telecoms (3%) and insurance (1%) this week.
Foreign institutions turned net sellers of QR 23.95 million against net buyers of QR 327.8 million in the week ended November 18.
Net sales of Gulf institutions increased significantly to QR 14.8 million from QR 1.92 million the week before.
Arab individuals were net sellers of QR 12.83 million against net buyers of QR 5.14 million a week ago.
Net purchases by individuals in the Gulf fell significantly to QR 0.05 million from QR 1.12 million in the week ended November 18.
However, domestic funds became net buyers to the tune of QR 113.17 million against net sellers of QR 68.09 million the previous week.
Net purchases by foreign individuals strengthened significantly to 4.93 million QR against 1.25 million QR a week ago.
Arab funds were considered net buyers of QR 0.03 million against net sellers of QR 0.02 million in the week ended November 18.
Net sales of local retail investors fell to QR 66.62 million from QR 265.26 million the week before.
Total main market trading volume fell 15% to 497.14 million shares, value 18% to QR 1.47 billion, and trades 10% to 36,346.
The transport sector’s trade volume plunged 40% to 14.48 million shares, 47% in value to QR 68.27 million and transactions 45% to 1,514.
Insurance sector trade volume fell 29% to 4.11 million shares, value 34% to QR12.87 million, and trades 31% to 394.
The market saw a 19% contraction in industrial sector trade volume to 183.9 million shares, 15% in value at QR402.77n and 8% in trades to 9,680.
Real estate trade volume fell 15% to 56.82 million shares, value 18% to QR 87.98 million, and transactions 8% to 2,342.
The telecommunications sector reported an 11% drop in trade volume to 11.9 million shares, while value rose 5% to QR46.19n and trades 2% to 2,642.
The volume of trade in the consumer goods and services sector decreased by 8% to 91.77 million shares, the value by 31% to QR144.11 million and transactions by 23% to 3,658.
The banking and financial services sector recorded an 8% contraction in trading volume to 134.15 million shares, 13% in value to QR 711.86 million and 3% in transactions to 16,196.
In the venture capital market, volumes increased by 28.26% to reach 0.79 million shares and the value by 16.69% to reach QR 4.24 billion; even as trades slipped less than 1% to 222.

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Pioneer Natural Resources Company (PXD) ex-dividend date is scheduled for November 29, 2021 https://wagdyghoneim.com/pioneer-natural-resources-company-pxd-ex-dividend-date-is-scheduled-for-november-29-2021/ Fri, 26 Nov 2021 15:04:06 +0000 https://wagdyghoneim.com/pioneer-natural-resources-company-pxd-ex-dividend-date-is-scheduled-for-november-29-2021/

Pioneer Natural Resources Company (PXD) will begin ex-dividend trading on November 29, 2021. A cash dividend of $ 3.02 per share is expected to be paid on December 14, 2021. Shareholders who purchased PXD prior to the ex-dividend date are eligible for payment of the dividend in cash. At the current price of $ 190.25, the dividend yield is 6.35%.

The last PXD sell on the previous trading day was $ 190.25, which is a -3.25% decrease from the 52 week high of $ 196.64 and an increase of 92.97% from compared to the 52-week low of $ 98.59.

PXD is part of the energy sector, which includes companies such as Exxon Mobil Corporation (XOM) and Royal Dutch Shell PLC (RDS.B). PXD’s current earnings per share, an indicator of a company’s profitability, is $ 5.54. Zacks Investment Research reports that PXD’s forecast earnings growth in 2021 is 712.87%, compared to an industry average of -10.8%.

For more information on declaration, registration and payment dates, visit the pxd Dividend History page. Our dividend calendar contains the full list of stocks that have an ex-dividend today.

Interested in gaining PXD exposure through an exchange traded fund [ETF]?
The following ETF (s) have PXD in the top 10 holdings:

  • IShares US Oil & Gas Exploration & Production ETF (IEO)
  • First Trust Energy AlphaDEX Fund (FXN)
  • Invesco Dynamic Energy Exploration and Production ETF (PXE)
  • Invesco S&P 500 Equal Weight Energy ETF (RYE)
  • SPDR Select Sector Fund – Energy Select Sector (XLE).

The best performing ETF in this group is PXE with an increase of 16.45% over the last 100 days. IEO has the highest percentage weight of PXD at 7.74%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Harsh human rights law reforms will make it easier to deport migrants who break the law https://wagdyghoneim.com/harsh-human-rights-law-reforms-will-make-it-easier-to-deport-migrants-who-break-the-law/ Thu, 25 Nov 2021 22:45:06 +0000 https://wagdyghoneim.com/harsh-human-rights-law-reforms-will-make-it-easier-to-deport-migrants-who-break-the-law/

Dominic Raab steps up the pressure on human rights law: reforms described as “spicy” will make it easier to deport migrants who break the law

  • Reforms will make it easier to deport failed asylum seekers and foreign criminals
  • Dominic Raab to reveal results of review of new measures “before Christmas”
  • Sources say use of ‘right to private and family life’ should be severely restricted

Ministers are due to present “slick” reforms to the human rights law next month to facilitate the deportation of failed asylum seekers and foreign criminals.

Justice Secretary Dominic Raab is expected to release the results of an independent review of the controversial legislation before Christmas.

The Human Rights at Work Act incorporates the rights set out in the European Convention on Human Rights into UK law.

He survived despite Brexit and has been blamed by ministers for his frustrating attempts to expel those who are not allowed to stay in this country.

Downing Street said the reforms would be designed to “ensure that human rights law meets the needs of the society it serves and inspires public confidence.”

Whitehall sources told the Daily Mail that the use of the controversial “right to private and family life” should be severely restricted.

Justice Secretary Dominic Raab (pictured) is expected to release the results of an independent review of the controversial legislation before Christmas.

A high-level source said the reforms would be at the “spicy, vindaloo end of the menu”.

The right to family life under Article 8 of the European Convention on Human Rights is routinely exercised by foreign criminals, including murderers and rapists, to avoid deportation from Britain after having committed crimes here.

It is also deployed by some asylum seekers who are trying to establish the right to stay in the UK.

Mr Raab is expected to announce his intention to also withdraw from the jurisdiction of the European Court of Human Rights in Strasbourg, meaning that future human rights cases would be settled in London.

Speaking at the Conservative Party conference last month, he said the UK Supreme Court “should be supreme in human rights law”.

However, he should stop before withdrawing from the European Convention on Human Rights, despite some Conservative MPs warning yesterday that this is now essential.

Lee Anderson, a member of a group of MPs who spoke to Boris Johnson on the issue on Wednesday, said: “If we are to be a truly sovereign nation, we should establish our own legislation.”

Another present at the meeting said the prime minister asked lawmakers to “watch this space” when asked about reforming human rights laws.

The Nationality and Borders Bill will also limit the right of asylum seekers to make endless appeals.

When it comes into effect next year, people will have to present all of their claims at the same time, with no further right of appeal.

A source from the Home Office said: “We are going to stop the endless appeals that dragged on for years.

“You won’t be able to come back year after year with different claims for different reasons.”

How deadly crossings could be stopped

A group of more than 40 migrants board an inflatable boat as they leave the coasts of northern France to cross the English Channel this week

A group of more than 40 migrants board an inflatable boat as they leave the coasts of northern France to cross the English Channel this week

What are the potential solutions to the Channel migrant crisis?

1. British boots on the ground in France

The government has repeatedly offered border police and police officers joint patrols on French beaches. This would make it easier to monitor the 124 miles of coast from which the dinghies depart.


French politicians insist the idea violates their sovereignty, but Boris Johnson urged them this week to accept the idea.

2. France agrees to take back the migrants

Conservative backbenchers say the best way to destroy the business model of smuggling gangs would be to show that all successful migrants end up in France quickly. Requires a new post-Brexit return agreement with the French.


France has so far shown no signs of wanting to conclude a new return agreement with the UK.

3. Asylum applications being processed abroad

Another policy popular with Tory MPs, who believe Australia has reduced the number of asylum seekers with a firm stance of detaining migrants on a remote island while their claims are considered. But that would prove to be costly and open to legal challenges.


All that remains is for the ministers to persuade an overseas government to accept the plan. So far they have looked everywhere from Ascension Island to Isle of Man and Albania.

4. Vessels turned back at sea

The “pushback” tactic was announced by Priti Patel in September. Border force officers were trained in the exercise, which would see them circling a rubber dinghy on jet skis, blocking its path and then returning it to France. It has not yet been used.


The risks of fragile and overcrowded inflatables returning to the busy Channel may mean captains of border forces will never consider it safe to try.

5. Make it more difficult to apply for asylum in Great Britain

Under the flagship Nationality and Borders bill, a two-lane asylum system will see those arriving across the Channel considered illegal with fewer rights than those coming via legal routes and safe.


The new law is expected to pass given the government’s majority in the Commons, but once it takes effect, attempts to curtail asylum seekers’ rights will be challenged in court by human rights lawyers. .


Nintendo Download: Happy Thanksgiving! | Your money https://wagdyghoneim.com/nintendo-download-happy-thanksgiving-your-money/ Thu, 25 Nov 2021 14:00:27 +0000 https://wagdyghoneim.com/nintendo-download-happy-thanksgiving-your-money/

REDMOND, Washington – (BUSINESS WIRE) – November 25, 2021–

This week’s Nintendo Download includes the following content:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211125005645/en/

DEEEER Simulator is now available on the Nintendo Switch console. (Graphic: Business Wire)

  • Nintendo eShop on Nintendo Switch
    • Deeer Simulator: Your Average Daily Deer Game Play as your regular, everyday deer and use your stretchy neck, pointed horns, and everything a deer has in their arsenal to make your way through town. Frolic and play with the other animals or decimate the city until there is nothing left in this “slow motion city destruction game”.
    • Small insect – Enter the adventurous story of a young city girl named Nyah, who finds herself trapped in a dangerous fantasy world, where evil pink spirits lurk in canyons, ice caves and moonlit deserts. Nyah is a curious eight-year-old girl with a big imagination, when suddenly she is plunged into a dark and hostile world as she walks home from school. Explore an atmospheric fantasy and dreamlike world and try to reach hard-to-reach places with the help of your brilliant friend. Collect items with fragments of Nyah’s life in her lunchbox and piece together her story. Small insect will be available on November 26.
  • Spotlight on digital
    • Miitopia – Laugh as your best friend and dear old grandma team up on the fantastic adventure of a lifetime. Perfect for the hilarity of the holidays, Miitopia lets you launch your friends and family to star in your journey with customizable Mii characters. In this whimsical adventure, you can assign personalities to your Mii characters, as well as jobs like Chef, so that they can deliver healthy remedies to your friends and spicy hits to your enemies. Family culinary traditions have never been so wild! A free demo available now in Nintendo eShop will allow you to play the first zone of the game. Cook something creative and the laughs are sure to follow. Let the gyrating power of Twerkey liven up your dinner conversations! Miitopia is available for purchase now from Nintendo eShop.

Nintendo eShop sales:

  • Nintendo eShop on Nintendo Switch
    • Up to November 30 at 11:59 p.m. PT, Nintendo is offering up to 50% off select digital versions on a range of blockbuster games on the Nintendo Switch system, including Hyrule Warriors: Age of Calamity, Super Mario Odyssey, Kirby Star Allies, MONSTER HUNTER RISE, Persona 5 Strikers, MARVEL ULTIMATE ALLIANCE 3: The Black Order, Just Dance 2022 and BRAVELY DEFECT II. For the full list of games on sale, which can be purchased and downloaded directly from Nintendo.com, go to https://www.nintendo.com/games/sales-and-deals/#cyber-deals.

Also new this week in Nintendo eShop on Nintendo Switch:

In addition to the video games available in retail stores, Nintendo also offers a variety of content that people can download directly to their systems. Nintendo adds new games every week to Nintendo eShop, which offers a variety of options for the Nintendo Switch family of consoles, the Wii U console, and the Nintendo 3DS family of consoles.

Nintendo Switch Online is a paid subscription service that allows members to team up or compete online in compatible Nintendo Switch games, such as Super Smash Bros. Ultimate, Luigi’s Mansion 3, Pokémon Sword and Pokemon Shield. Members also enjoy an organized library of classic NES and Super NES games, including Super Mario Bros 3, Super Metroid and The Legend of Zelda: A Link to the Past, among many others. To learn more about the benefits Nintendo Switch Online offers, to view subscription options, and to find out more about a seven-day free trial for new users, visit https://www.nintendo.com / switch / online-service /.

With a Nintendo Switch Online + Expansion Pack membership, players have access to even more benefits, including a Nintendo 64 game library with newly added online play for up to four players (additional accessories may be required for multiplayer mode; sold separately), Animal Crossing: New Horizons – Happy Home Paradise DLC and SEGA Genesis retro games.

Nintendo eShop is a cash service that offers a wide variety of content, including new and classic games, apps and demos. Users can add money to their account balance by using a credit card or by purchasing a Nintendo eShop Card at a retail store and entering the card code. All funds on a card must be loaded into Nintendo eShop on Nintendo Switch Family, Wii U, or Nintendo 3DS Family systems, but can be used in any Nintendo eShop if the consoles are linked to only one Nintendo Account.

Customers in the United States and Canada aged 18 and over can also link a PayPal account to their Nintendo Account to purchase digital games and content for the Nintendo Switch family of systems both on the device and on the Nintendo website. Once the accounts are linked, users can also use PayPal as a payment option when purchasing digital content for the Wii U or Nintendo 3DS family consoles from the Nintendo website.

My Nintendo members can earn Gold Points on qualifying digital purchases. Already have gold points? Redeem them for your next digital purchase of Nintendo Switch games and downloadable content from Nintendo eShop, or for discounts on select Nintendo 3DS and Wii U software. Visit https://my.nintendo.com/reward—categories for more details.

Keep in mind that the Nintendo Switch and Nintendo 3DS family of consoles offer parental controls that allow adults to manage some of the content their children can access. Nintendo Switch players who register a Nintendo Account have access to free games and free game demos in Nintendo eShop, and also receive the latest news and information directly from Nintendo. For more information on Nintendo Switch parental controls and other features, visit https://play.nintendo.com/parents/crash-courses/parental-controls/ and https://www.nintendo.com/ switch /. For all other systems, please visit https://support.nintendo.com/.

Note to Editors: Nintendo press materials are available at https://press.nintendo.com, a password protected site. To obtain a login, please register on the site.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211125005645/en/

CONTACT: Eddie Garcia



egarcia@golin.com Justin Aclin






SOURCE: Nintendo

Copyright Business Wire 2021.

PUB: 25/11/2021 09h00 / DISC: 25/11/2021 09h00


Copyright Business Wire 2021.

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PeaceHealth announces additions to its rehabilitation therapy team https://wagdyghoneim.com/peacehealth-announces-additions-to-its-rehabilitation-therapy-team/ Thu, 25 Nov 2021 09:30:00 +0000 https://wagdyghoneim.com/peacehealth-announces-additions-to-its-rehabilitation-therapy-team/

Submitted by PeaceHealth at Friday Harbor.

We are pleased to announce that our PeaceHealth Peace Island Rehabilitation Therapy team is growing and we are now able to offer our patients expanded services and access, including appointments on Saturdays.

Over the past six months, we have welcomed three new members to our therapy team:

Andrea Jakus Wight, MPT, started full time on Monday October 19 as an outpatient / acute PT. Major of his class of 2006 at Collège D’Youville, Jakus Wight recently worked at the Royal Victoria Hospital in Montreal, Quebec. His clinical strengths include Casely Smith certification for lymphedema, oncology management and upper limb management.

Garrett masaoka, PTA, joined us at the end of September, working 20 hours a week in outpatient physiotherapy. He graduated with Distinction from Whatcom Community College in 2016 and most recently worked in a physiotherapy practice in Guam. He has completed CEUs in balance, vestibular dysfunction, chronic pain and orthopedic rehabilitation.

Patti Bjarnason, SLP, started as a per diem speech therapist in June. She has worked on the island for over 15 years in the fields of home health, private outpatient therapy and acute therapy on Peace Island.

The three new team members join Tyler Howe, DPT, who joined Peace Island full time in December 2019 as a physiotherapist covering outpatient and acute services. A 2016 graduate from the University of Washington, Howe has completed CEUs in Manual Therapy and Basic Vestibular Dysfunction and is seeking a Certified Sports Specialist or Orthopedic Clinical Specialist designation.

For more information or to schedule, call 360-378-1747 (option 2). Visit us online at Peacehealth.org.

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Insurance sector can help close $ 123 billion financing gap for SMEs in Arab world https://wagdyghoneim.com/insurance-sector-can-help-close-123-billion-financing-gap-for-smes-in-arab-world/ Thu, 25 Nov 2021 06:02:34 +0000 https://wagdyghoneim.com/insurance-sector-can-help-close-123-billion-financing-gap-for-smes-in-arab-world/

Insurance and reinsurance companies are well positioned to help close the $ 123 billion financing gap of small and medium-sized enterprises in the Arab world, a sector long considered the backbone of an economy and whose financing can also be promoted as an asset class.

SMEs find it difficult to obtain financing from traditional banks because the latter have difficulty in understanding the risks and in evaluating them. According to Olivier Placca, co-founder of the French credit insurance platform Tinubu Square, insurers have an interest in remedying this, because they are not bound by certain regulatory requirements that make banks hesitate.

“Banks have regulatory constraints – the rules of the Basel framework, for example – preventing them from mobilizing the required capacity in the SME market. The capacity of insurers and reinsurers is at its highest; a good thing to do is to transfer some of this risk from lenders to insurers, ”Placca told FinTech Abu Dhabi on Wednesday.

If an SME asks for financing, if it or the bank has a credit insurance policy, it can use it as collateral for financing. This allows banks to benefit from compensation and to mobilize capacities at a lower cost for SMEs.

Olivier Placca, co-founder of Tinubu Square

“If an SME asks for financing, if it or the bank has a credit insurance policy, it can use it as collateral for financing. This allows banks to benefit from compensation and to mobilize capacities at a lower cost for SMEs.

Globally, SMEs play an important role in economies. In the Arab world alone, SMEs make up 97 percent of businesses, employ half of the workforce – or around 150 million people – and account for around 40 percent of gross domestic product, according to figures cited by Nadine Chehade, responsible for the financial sector. specialist at the World Bank.

“SMEs are an engine of the economy of tomorrow because they are the creators of the millions of jobs that are needed in the market every year,” she said.

A pre-Covid-19 report from the International Monetary Fund said that increasing SME access to finance in the MENA region at the mid-level of emerging and developing economies would increase annual growth by up to 1% and could create up to eight million jobs in the Arab world by 2025.

But the pandemic has exposed another vulnerability of the sector. Policy rate cuts, liquidity support and loan guarantee programs have helped lower borrowing costs to ease the burden on businesses during the crisis; SMEs in the region had relatively limited access, with just 33 percent receiving at least one type of political support compared to 48 percent for large firms, the IMF said in a recent study.

“There are a lot of high perceived risks coming from SMEs. For example, information asymmetry: it is extremely difficult for anyone who wants to finance an SME to have the adequate data to make a good subscription, ”said Ms. Chehade.

Technology can also help close the gap, with a “small number” of FinTech companies trying to take advantage of the “huge” market opportunity, she said.

Andre Casterman, founder of Casterman Advisory and chairman of the FinTech committee of the International Trade and Forfaiting Association, argued that SME finance and trade can be presented as an asset class to institutional investors – entities that raise funds. funds on behalf of its members – including hedge funds, mutual funds and endowments.

“If we rely on the balance sheet capacity as offered by the banks, that will not be enough, because often the risk appetite and the capacity of funds are not there,” he said.

“We need to get liquidity from non-bank institutions – family offices, pension funds and corporate treasury – that recognize that trade finance is a real economy.”

Credit bureaus – entities that collect information about personal credit scores and make it available to financial institutions – can also play a key role in helping SMEs obtain financing.

SMEs are an engine of the economy of tomorrow because they are the creators of the millions of jobs that the market needs each year

Nadine Chehade, Senior Financial Sector Specialist at the World Bank

“If we continue to work only with the banks, it is not enough; it’s the importance of having credit bureaus, ”Casterman said.

Despite the pandemic, the UAE’s Etihad credit insurance was able to secure around 2.1 billion dirhams ($ 572 million) in non-oil trade from SMEs in October, according to chief executive Massimo Falcioni.

“What sets the UAE apart is their preparedness and the foundations put in place years before the pandemic, especially in the digital sector. Years of planning and implementing digitization systems within government and private entities have made it easier for businesses to transition, ”he said.

Update: November 25, 2021, 6:00 a.m.

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Potential Alliance between FinCEN and Department of Justice Environmental Crimes Unit Presents a Powerful Law Enforcement Combination for Businesses to Watch | Eversheds Sutherland (United States) LLP https://wagdyghoneim.com/potential-alliance-between-fincen-and-department-of-justice-environmental-crimes-unit-presents-a-powerful-law-enforcement-combination-for-businesses-to-watch-eversheds-sutherland-united-states-ll/ Wed, 24 Nov 2021 22:15:01 +0000 https://wagdyghoneim.com/potential-alliance-between-fincen-and-department-of-justice-environmental-crimes-unit-presents-a-powerful-law-enforcement-combination-for-businesses-to-watch-eversheds-sutherland-united-states-ll/

As companies continue to focus on improving their ESG benchmarks, they are constantly evaluating their environmental management systems and compliance programs for potential areas of ESG risk. The reason is simple: these internal programs give the organization the tools it needs to assess compliance with environmental laws and regulations. Recognizing the significant exposure that non-compliance can incur, these systems are used to alert the business in advance of cases in which the business could break the law. Traditionally, such non-compliance would be investigated at the federal level by the Division of Environmental and Natural Resources of the United States Department of Justice or, in more serious cases, the Environmental Crimes Section. The Environmental Crimes Section has been a particularly robust enforcement agency, collecting more than $ 4 billion in criminal fines over the past 25 years for crimes that cause damage to “the world’s ecological and wildlife resources.” nation ”. Existing environmental management systems have been developed to reflect the priorities of these agencies.

However, a new concern on the horizon, which may escape detection by traditional environmental management systems, is FinCEN’s new focus on environmental crimes. The involvement of other federal agencies in coordination with FinCEN’s new focus on environmental crimes raises the stakes even higher. The Environmental Crimes Section is known to be aggressive in its prosecution of environmental crimes, especially since federal environmental criminal laws often impose strict liability on perpetrators. A FinCEN / DOJ alliance on environmental crimes would be a remarkably powerful law enforcement combination. FinCEN has long been the United States’ financial watchdog for criminal financial activity, monitoring money laundering, terrorist financing, and the sharing of financial intelligence between government agencies. A Recent FinCEN exchange says FinCEN is looking to expand outside of its traditional mission to focus on financial activities related to “environmental crimes”. FinCEN hosted an event focused on “Identifying and Addressing Illicit Financial Flows Associated with Environmental Crimes”. Included in the event were other federal agencies. The scope of the “environmental crimes” discussed covered a wide range, covering any unlawful conduct that harms “human health”, “nature and natural resources” and causes “overexploitation of natural resources and, therefore, the exploitation of natural resources”. increased levels of carbon dioxide in the atmosphere. . “This is a notable extension of FinCEN’s stated mission, which is generally confined to money laundering and financial activities. A FinCEN / DOJ alliance on environmental crimes would be a remarkably combination of law enforcement. powerful.

As companies step up their ESG efforts, this is an emerging development that may be worth reporting for companies that have exposure in these areas. This is a new accountability vehicle encompassing both financial transactions and environmental activities that existing compliance systems may not be equipped to handle. Caution requires organizations to assess their environmental compliance systems in light of these developments.

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UN human rights bodies unequivocally confirm the link between climate change, a healthy environment and human rights https://wagdyghoneim.com/un-human-rights-bodies-unequivocally-confirm-the-link-between-climate-change-a-healthy-environment-and-human-rights/ Wed, 24 Nov 2021 06:47:35 +0000 https://wagdyghoneim.com/un-human-rights-bodies-unequivocally-confirm-the-link-between-climate-change-a-healthy-environment-and-human-rights/

Climate change has been on the agenda of the various UN human rights mechanisms, namely the Human Rights Council and the Special Procedures, for more than a decade. Despite several reports,1 resolutions2 and statements3 Recognizing climate change as a fundamental human rights issue, Geneva authorities have long failed to persuade states to reduce carbon emissions, provide climate finance, and develop adaptation and recovery plans. mitigation consistent with human rights standards and principles.

As businesses are increasingly required to respond to the climate emergency and take action to ensure the transition to a sustainable future, it would be a mistake to believe that the current crisis makes UN decisions irrelevant. for the private sector.

In recent weeks, UN human rights bodies have issued a number of far-reaching decisions and resolutions on climate change, a healthy environment and human rights. In doing so, they confirm that they are increasingly willing to view the dangers of climate change as a human rights issue. Businesses need to look for ways to stay ahead and take a bottom-up, human rights-based approach to adaptation and mitigation, based on participation, equality, non-participation. discrimination and responsibility. The private sector cannot sit idly by and wait for national law to dictate its behavior – it must be proactive in preventing human rights abuses caused by climate change.

Human Rights Council: Right to a clean, healthy and sustainable environment

The Human Rights Council recognized Friday, October 8 for the first time that having a clean, healthy and sustainable environment is a human right. Resolution 48/13 was adopted with 43 votes in favor and 4 abstentions – from Russia, India, China and Japan.4 According to the World Health Organization, nearly a quarter of all deaths worldwide are linked to the environment, due to risks such as air pollution and exposure to chemicals. NGOs have already presented the resolution as an important step in the fight against environmental pollution. Although a Human Rights Council resolution does not give the right to a healthy environment the same status under international law as the rights enshrined in existing human rights treaties, it does confirm that more and more States believe that this right exists. This will increase the invocation of this right at the national level and make it increasingly difficult for states to deny the existence of a right to a clean, healthy and sustainable environment. In fact, the Special Rapporteur for the Environment recommended that the right be formally recognized by the Human Rights Council, as explicit recognition could enable individuals, NGOs and the judiciary to enforce implementation. and law enforcement.5

Human Rights Council: Special Rapporteur on human rights and climate change

In resolution A / HRC / 48 / L.27, adopted by 42 votes in favor, 1 against and 4 abstentions, the Council decided to appoint a special rapporteur on the promotion and protection of human rights in the context of climate change, whose mandate includes an annual report to the Human Rights Council. This appointment is an example of the wide recognition among states that there is a link between human rights and climate change.

Groundbreaking reports on this issue have been published by David Boyd and his predecessor John Knox, United Nations special rapporteurs on human rights and the environment. Reports are often cited in litigation related to climate change, including the Urgende Case. With the appointment of a dedicated rapporteur on this issue, it is likely that such reports, country visits and interventions will follow. A study by the Brookings Institution in 2011 found that special procedures (for example, special rapporteurs and independent experts) were one of the most effective tools in the international human rights system, playing a “valuable role. and, in some cases, decisive in bringing attention to chronic and emerging human rights issues and catalyzing improvements in respect for human rights on the ground, including direct support to victims.6

Committee on the Rights of the Child: a state can be held responsible for the negative impact of its carbon emissions on children’s rights both inside and outside its territory

In proceedings brought by 16 children from 12 countries against Argentina, Brazil, France, Germany and Turkey, the Committee on the Rights of the Child determined that these states had effective control over the broadcasts on their children. territories which, in turn, could contribute to reasonably foreseeable harm to children outside their territory. . It concluded that a sufficient causal link had been established between the harm alleged by the 16 children and the acts or omissions of the five States for the purposes of establishing jurisdiction, and that the children had sufficiently substantiated that the harm they had personally suffered was important.

The Committee was ultimately unable to rule on the merits, as the complaints procedure requires that complaints be admissible only after complainants have seized the national courts and have already exhausted the legal remedies that may be available. available and effective in the countries concerned before filing a complaint with the Committee.

Nonetheless, the Committee’s findings will be a blow to the defense – advanced in climate change litigation around the world – that there is not sufficient causal link between emissions in one state and damage in one state. other states.

Human Rights Committee: Failure to prevent toxic pollution violates obligations related to the right to home and the right to culture (as protected by Articles 17 and 27 of the ICCPR).

In another landmark decision, the UN Human Rights Committee concluded on October 13 that Paraguay’s inability to prevent and control toxic contamination of traditional lands, due to the intensive use of pesticides by neighboring commercial farms, violates the rights of the indigenous community and its sense of “home”. . “

This is the Committee’s first decision to assert that, in the case of indigenous peoples, the notion of “home” must be understood in the context of the special relationship between them and their territories, including their livestock, cultures and their way of life, such as hunting, foraging, and fishing.

Since the human rights concerned are generally considered to be part of the international bill of rights considered relevant to the application of the United Nations Guiding Principles on Business and Human Rights, the decision has implications. Direct ramifications for companies whose activities or the activities of business partners affect the way of life of Indigenous peoples.

Why are these decisions important to businesses?

Multilateral United Nations forums and international cooperation are essential for solving interconnected global problems such as climate change, providing international solutions and advancing the development of international law. Despite their pitfalls, there is no doubt that the Geneva-based United Nations human rights bodies exert a major influence on global efforts to strengthen human rights protection. International human rights law remains the legal basis against which human rights cases are assessed, political positions taken, and states and businesses are held to account.

Many of the standards, decisions and recommendations generated by Geneva-based institutions have a profound influence on policy changes at the national level. They help create a political space for national actors to lobby for the implementation of state human rights obligations – “translating local issues into human rights terms and concepts. of human rights in approaches to local problems ”7 – and provide them with the leverage to do so. Many regional and national judicial bodies cite the decisions and recommendations of these United Nations mechanisms as authoritative interpretations of international obligations.

For example, in 2018, following a petition filed by the Organization of Indigenous Nations of Guyana (ONAG), with the support of international NGOs based in Geneva, the United Nations Committee for the Elimination of Racial Discrimination (CERD) adopted an “early warning”, asking France to obtain the consent of indigenous communities affected by the controversial mining project the mountain of gold (Montagne d’Or).8 A few months after the decision, the French authorities announced that they had abandoned the mining project. In this case, the emergency procedure allowed France to suspend quickly less than two months after the filing of the request.

Litigators in climate change proceedings are increasingly using human rights arguments and human rights organizations to advocate climate inaction. One of the first successful examples of such an invocation of human rights in relation to climate change was the Urgende case, which was recently followed by similar judgments in Germany, Belgium and France. More recently, NGOs have also started to sue companies for climate inaction. In these proceedings, human rights arguments are essential: companies are not bound by the objectives of the Paris Agreement, but there are compelling arguments to be made that companies are bound to respect rights. human rights under many non-binding international instruments such as the United Nations Guiding Principles (UNGP) and the OECD Guidelines on Responsible Business Conduct (OECD Guidelines). The recognition of the human right to a healthy and sustainable environment clearly shows that companies also have their obligations with regard to sustainability and human rights.

Companies wishing to adhere to the UNGP and the OECD Guidelines should start looking at their greenhouse gas emissions and negative environmental impacts from a human rights perspective, rather than looking at them. consider it a simple matter of compliance.

Premier Member Credit Union Review: Strong Check, Money Market https://wagdyghoneim.com/premier-member-credit-union-review-strong-check-money-market/ Tue, 23 Nov 2021 22:28:14 +0000 https://wagdyghoneim.com/premier-member-credit-union-review-strong-check-money-market/

Overall rating of the bank

Advantages and disadvantages


Annual percentage return (APY)

0.05% APY

  • Advantages and disadvantages

  • Details

  • Advantages
    • Minimum opening deposit of $ 5
    • No monthly fees
    The inconvenients
    • Low interest rate
    • Interest compounded monthly, not daily
    • 13 branches in Colorado or open an account online from the United States
    • Over 5,000 shared branches in the United States
    • There are many ways to become a member if you live in Colorado, or join Impact on Education if you are not otherwise eligible.
    • Interest compounded monthly, paid monthly
    • Federal Insurance by NCUA

    Read our review
    Read our review A long arrow, pointing to the right

    Premier Member Credit Union Member Sharing Savings is good if you want a savings account with no monthly fees. However, it pays a low rate of interest and you can earn a much higher rate at other online banks.


    Annual percentage return (APY)

    0.01% to 1.00% APY

  • Advantages and disadvantages

  • Details

  • Advantages
    • No minimum opening deposit
    • No monthly service fees
    • Qualify to earn interest
    • No out-of-network ATM fees
    • Choose from an overdraft line of credit or save money for free
    The inconvenients
    • Interest compounded monthly, not daily
    • $ 32 overdraft fee
    • Does not reimburse fees charged by off-network ATM providers
    • 13 branches in Colorado or open an account online from the United States
    • Over 5,000 shared branches in the United States
    • 30,000 free ATMs in the country in the CO-OP network and use 7-Eleven ATMs for free
    • There are many ways to become a member if you live in Colorado, or join Impact on Education if you are not otherwise eligible.
    • Get competitive interest rates every month you 1) sign up for electronic statements, 2) receive $ 500 in direct deposits, and 3) complete 25 or more debit card transactions
    • If you don’t qualify for competitive interest rates, you will earn 0.01% APY
    • Laddered interest rates with 7 levels; get the highest rate on balances under $ 2,000
    • Interest compounded monthly, paid monthly
    • Federal Insurance by NCUA

    Read our review
    Read our review A long arrow, pointing to the right

    The Premier Members Credit Union Earn a Big Free Checking Account is a good free option, especially if you want to earn interest on money in your checking account. You’ll get the highest rate on balances under $ 2,000, and rates remain competitive on balances of $ 50,000 or less.

    To get competitive rates each month, you need to sign up for electronic statements, receive $ 500 in direct deposits, and complete at least 25 debit card transactions.


    Annual percentage return (APY)

    0.05% to 0.65% APY

  • Advantages and disadvantages

  • Details

  • Advantages
    • Minimum deposit of $ 500
    • Longer-term competitive interest rates
    • Low to standard early withdrawal penalties
    The inconvenients
    • Interest compounded monthly, not daily
    • 13 branches in Colorado or open an account online from the United States
    • There are many ways to become a member if you live in Colorado, or join Impact on Education if you are not otherwise eligible.
    • The durations range from 3 months to 5 years
    • Early withdrawal penalties: 90 days of interest for periods of 1 year or less, 180 days of interest for periods of more than one year
    • Interest compounded monthly, paid monthly
    • Federal Insurance by NCUA

    Read our review
    Read our review A long arrow, pointing to the right

    Many institutions need at least $ 1,000 to open a certificate, but you only need $ 500 with Premier Members Credit Union. You will get above average interest rates, but you could still improve with other online banks.

    Money market account

    Annual percentage return (APY)

    0.10% to 2.00% APY

  • Advantages and disadvantages

  • Details

  • Advantages
    • Competitive interest rates for low balances
    • $ 5 opening deposit
    • Paper checks
    • No monthly service fees
    The inconvenients
    • Less competitive interest rates for high balances
    • Interest compounded monthly, not daily
    • No debit card
    • 13 branches in Colorado or open an account online from the United States
    • Over 5,000 shared branches in the United States
    • There are many ways to become a member if you live in Colorado, or join Impact on Education if you are not otherwise eligible.
    • Reverse level account, with 7 levels
    • Get high rates on balances under $ 10,000, with highest rates under $ 2,000
    • Interest compounded monthly, paid monthly
    • Federal Insurance by NCUA

    Read our review
    Read our review A long arrow, pointing to the right

    The Premier Members’ Credit Union Money Market Account is in our guide to the best money market accounts. He pays high interest rates, especially on balances of $ 10,000 or less.

    How the Premier Member Credit Union Works

    Premier Members Credit Union has 13 branches in Colorado. It is part of the CO-OP shared branch network, so you have access to over 5,000 shared branches and 30,000 ATMs across the United States. You can also open accounts online even if you don’t live in Colorado.

    To contact customer service, call Monday to Friday 8:00 a.m. to 6:00 p.m. MT, or Saturday 9:00 a.m. to 1:00 p.m. MT.

    The Premier Members Credit Union mobile app is rated 4.8 out of 5 stars in the Apple Store and 4.7 out of 5 stars in the Google Play Store.

    Your deposits are federally insured by the NCUA up to $ 250,000, or up to $ 500,000 for a joint account. With NCUA insurance, your money is safe even if the credit union closes.

    How to join the Premier Member Credit Union

    Premier Members Credit Union is a credit union, not a bank, so only certain people can become members. Probably the easiest way to become a member is to join Impact on Education, a charity in the Boulder Valley School District. You can join Impact on Education even if you don’t live in Colorado.

    For Colorado residents, there are other ways to be eligible:

    • Live or work in one of the following counties: Adams, Arapahoe, Broomfield, Boulder, Delta, Denver, Douglas, Elbert, El Paso, Garfield, Jefferson, Larimer, Mesa, Montrose, Pueblo or Weld
    • Be a student, faculty member or staff member of the Boulder Valley School District or Westminster Public Schools
    • Be an employee or family member of an employee of Ball Corporation, Boulder Community Health, IBM, Lexmark or Medtronic
    • Be an employee or member of one of the 750 organizations served by the credit union (call customer service to ask if your business qualifies)
    • Have a family member who already has accounts with Premier Members Credit Union

    When you join, you will also need to open a shared savings account for Premier Member Credit Union members.

    Is Premier Members’ Credit Union Trusted?

    Premier Members Credit Union has no public controversy.

    It is a business accredited by the Better Business Bureau. The BBB focuses on consumer confidence and gives Premier Members Credit Union an A + rating. A high BBB score indicates that a business responds effectively to customer complaints, advertises honestly, and is transparent about business practices.

    A good BBB rating, however, does not guarantee that you will have a harmonious relationship with a company. You can always ask friends and family about their experiences with the credit union or read customer reviews online.

    How Premier Members Credit Union Stacks Up

    We compared Premier Members Credit Union to two other institutions that made our best guide to money market accounts: Ally and Affinity Plus Federal Credit Union.

    All three institutions pay high interest rates on

    money market accounts

    . Ally pays the same rate on your entire balance, while Premier CU and Affinity Plus FCU members both have tiered systems that pay you higher rates on lower balances.

    For a money market account, you will probably prefer CU Premier Members if you plan to keep only a few thousand dollars in your account, because then you will benefit from the higher rate. But Affinity Plus FCU pays a competitive rate on balances up to $ 25,000.

    Your choice may also depend on what other accounts you want to open. Ally pays a much higher savings interest rate than the other two, and Ally and Affinity FCU have stronger CDs than Premier Members CU.

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