Day: December 29, 2022

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2022: The MILESTONE YEAR

Jetex Annual Review

Dubai, United Arab Emirates, Dec. 29, 2022 (GLOBE NEWSWIRE) — The business aviation industry is currently going through the biggest transition in history, accelerated by the digitalisation, accessibility, and the exceptional travel conveniences that it offers against the backdrop of a gradual recovery from the health crisis. In many ways, it reflects the fourth industrial revolution, which is more significant, and its ramifications more profound, than in any prior period of human history.

With the private jet traffic setting new records in 2022, experts predict up to 8,500 new business jet deliveries until 2031, which amounts to an estimated total value of US$ 274 billion. At the same time, sustainability is at the top of the agenda to ensure that the industry develops in line with the decarbonisation goals set by IATA.

The record results could not have been achieved without the efficiency and exceptional ability of the business aviation industry to adapt and to remain connected to its customers, continuing to inspire their desire to travel and discover.

For the first time, Jetex invites you to discover the latest trends in private aviation, and what will shape the global industry in the future in its interactive annual review.

Discover

About Jetex:

An award-winning global leader in executive aviation, Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit www.jetex.com and follow us on Instagram, Twitter, Facebook, and LinkedIn.

 

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Oleg Kafarov - Director of Portfolio Development & Corporate Communications
Jetex
+971 4 212 4900
teamorange@jetex.com

GlobeNewswire Distribution ID 8721507

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Abel Noser Finishes Year with an Impressive List of Achievements

Highlights Include New Product Launches, Numerous Industry Partnerships, and a Ramping Up of Trade Surveillance Services

New York, NY, Dec. 29, 2022 (GLOBE NEWSWIRE) — Abel Noser Holdings, the market leader in institutional trade analytics and agency-only trading solutions, has many notable achievements to look back on this year as 2022 comes to a close.

For instance, the company’s analytics arm, Abel Noser Solutions, began offering a first-of-its-kind global options TCA product that covers all options strategies from covered calls to complex spread strategies.  The offering enables clients to quantify the transaction costs of options hedging, income and more speculative strategies while evaluating broker performance metrics and execution quality.  There were also many enhancements to the firm’s fixed income TCA product suite.

Subsidiary Zeno AN Solutions launched an ESG-agnostic consensus ratings product for asset owners that provides portfolio-level analysis to help assess, measure and monitor the degree to which manager practices are consistent with client ESG policies. On the broker-dealer side, Abel Noser LLC’s revolutionary START platform, a customizable execution algorithmic solution integrated with industry-leading analytics, was rolled-out as a way for fund managers to proactively meet diversity and inclusion goals through a network of participating MWBE brokers while also mitigating best execution risk in an increasingly challenging trading environment.

Sell-side regulatory services had a busy year including partnering with Capital Market Solutions to offer clients comprehensive FINRA CAT and CAIS solutions before key 2022 deadlines. Additionally, the group developed a set of new regulatory tools to help brokers identify improper or illegal trading activity while also evidencing best execution.  Firm clients continue to call for cost-effective auditing and reporting tools, as well as regulatory services to mitigate their ongoing risk of potential fines or damage to their reputations.

2022 was also a busy year for Abel Noser channel partnerships including strategic liaisons with major industry players like JP Morgan’s Neovest.  Partnerships with more niche players included working with the Hackett Group for MWBE brokerage programs, and OWL ESG for consensus ESG data that powers the new fund holdings analysis product.

“As for the coming year, Abel Noser expects best execution requirements for brokers and managers to continue to be updated and quantified including calls for more fixed income transparency, pending updates to SEC Rule 605 and various FINRA directives,” remarked Peter Weiler, Co-CEO of Abel Noser Holdings. “We also expect a continued ramping up of electronic and algorithmic trading, plus greater emphasis on trading clarity and oversight from all sectors.”

“We’re proud of the many successes our top-notch team has accomplished this past year,” added Steve Glass, Co-CEO of Abel Noser Holdings. “We again look forward to applying the firm’s resources and leading position as the overall market matures and becomes more data-driven.”

About Abel Noser Holdings
Abel Noser has long been respected as a leader in the campaign to lower the costs associated with trading. Abel Noser Solutions, the company’s analytics subsidiary, is the industry-leading provider of transaction cost analysis with hundreds of global clients subscribing to its multi-asset TCA and compliance products through a network of resellers, distribution partners and strategic alliances. Abel Noser LLC, the company’s registered broker-dealer and a member of FINRA, SIPC and MSRB, provides a wide range of agency-only trading, transition management, and analytics services to institutional asset owners, investment managers and brokers. Learn more at www.abelnoser.com.

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Jerry Boak
Abel Noser
646-432-4000
jboak@abelnoser.com

GlobeNewswire Distribution ID 8721121

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Best Time to Make Fermented and Dried Fish Starts

The Fisheries Administration of the Ministry of Agriculture, Forestry and Fisheries has encouraged interested Cambodians to start making Cambodia’s traditional fermented fish (locally called Prahok, Pa-ok), fish sauce, and dried fish.
The notification followed the observation of increasing fishes in Tonle Sap River, especially in Phnom Penh and Kandal province from Dec. 29, 2022 to Jan, 3, 2023.
As more catch is available, the price of the fish will be more reasonable for Cambodians to make this staple food reserve.
The fisheries administration also called on concerned authorities at all levels to help ease people’s effort to make the fermented and dried fish.

Source: Agency Kampuchea Press

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Loans to Private Sector Reach US$55 billion

The country’s banking and financial institutions provided more than US$55.6 billion in loans to the private sector as of the first ten months, an increase by 8 percent from US51.5 billion in June this year, according to the National Bank of Cambodia (NBC)’s report issued on Dec. 28.
Banks had lent US$46.33 billion to their customers, while microfinance institutions had loaned US$9.28 billion to their clients, the source added.
The loans had been given to main sectors such as trade, housing, construction, agriculture, hotels and restaurants, and manufacturing, among others, it said.
NBC attributed the increase in loans to continued investment and economic activities despite the pandemic.
Cambodia has 58 commercial banks, 9 specialised banks, and 86 microfinance institutions, with a total of 2,614 headquarters and branches as well as 3,998 automated teller machines (ATMs) throughout the country, the NBC said.

Source: Agency Kampuchea Press

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Norway Provides US$250,000 for Mine Clearance Project in Cambodia

Norway has provided more than US$250,000 in grant aid to support Cambodia’s humanitarian mine action project in Banteay Meanchey province.
The partnership and cooperation agreement was signed here on Dec. 29 by H.E. Heng Ratana, Director General of Cambodian Mine Action Centre (CMAC) and Mr. Rune Kristian Dale-Andresen, Country Director of Norwegian People’s Aid Cambodia.
The grant will be used for the survey and clearance of landmines/explosive remnants of war (ERW) in the northwestern province.
According to CMAC, under this project, supported by the Norwegian Ministry of Foreign Affairs through NPA, CMAC will mobilise eleven demining teams to continue the current project, which ended in June 2022 for another three months in 2023, starting from Jan. 1 to Mar. 31 with a target of releasing 2,520,000 square metres of contamination in Banteay Meanchey province. Besides, the Government of Germany is committed to support CMAC through NPA with some US$2 million for 18-month demining operation project on Survey and landmines/ERW Clearance.
H.E. Heng Ratana thanked the Government of Norway, and particularly NPA for their assistance and support for Cambodia’s efforts to achieve its mine-free goal in 2025.

Source: Agency Kampuchea Press

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