Blue Nile

Egypt and Ethiopia are finally working on a water deal – what that means for other Nile River states

Retrieved on: 
Wednesday, July 26, 2023

Egypt and Ethiopia have waged a diplomatic war of words over Ethiopia’s massive new dam – the Grand Ethiopian Renaissance Dam – on the Blue Nile, which started filling up in July 2020.

Key Points: 
  • Egypt and Ethiopia have waged a diplomatic war of words over Ethiopia’s massive new dam – the Grand Ethiopian Renaissance Dam – on the Blue Nile, which started filling up in July 2020.
  • The political row has threatened to get out of hand on occasion but now the two countries have finally agreed to conclude “a mutually acceptable agreement” within four months.

What is the context of the current tussle?

    • It sees the “Nile as a gift of God” given to Ethiopians to use for their development.
    • After Egypt’s diplomatic efforts failed to stop construction, Cairo redirected its energies to securing a legally binding agreement for filling and operating the dam.
    • Egyptians claimed that Addis Ababa was “violating its obligations under the 2015 Declaration of Principles” and endangering Egyptian “water interests”.

What are the main sticking points going into the talks?

    • An agreement would have to explicitly deal with issues that are important to Egypt, Ethiopia and Sudan.
    • The most important are Egypt’s and Sudan’s historically acquired rights to Nile waters.
    • The rights were granted by the 1929 Anglo-Egyptian Treaty and the 1959 bilateral agreement between Egypt and Sudan (1959 Nile Treaty).

What impact would a breakthrough have on other Nile Basin agreements?

    • Assume that both Egypt and Sudan agree to abandon the rights granted by the 1929 and 1959 treaties.
    • The other Nile Basin states see these colonial-era treaties as a violation of international law principles, and a breach of the vision of the Nile Basin Initiative.

What other claims threaten the status quo?

    • This could harm Egypt’s water security and ability to control projects on the Nile River and its tributaries.
    • Then, there is the matter of how to manage issues related to climate change, such as droughts and floods.
    • In times of drought, for example, the Ethiopian dam will be expected to release some water to help Egypt and Sudan.
    • Egypt remains adamant that the dam will hurt its water supply and threaten domestic development.

Citcon Partners with Shoplazza to Empower E-Commerce Businesses with Expanded Payment Capabilities for Global Market Reach

Retrieved on: 
Friday, June 16, 2023

Citcon, a leading global payment solution provider, and Shoplazza, a cutting-edge e-commerce platform, are excited to announce a strategic partnership aimed at offering a significant advancement for e-commerce businesses.

Key Points: 
  • Citcon, a leading global payment solution provider, and Shoplazza, a cutting-edge e-commerce platform, are excited to announce a strategic partnership aimed at offering a significant advancement for e-commerce businesses.
  • By offering diverse payment options, businesses can cater to the preferences of their global customer base, resulting in higher conversion rates and business results.
  • "We are excited to partner with Shoplazza, an innovative e-commerce platform, to deliver seamless payment experiences to businesses worldwide," said Wei Jiang, Co-Founder & President of Citcon.
  • "We are delighted to join forces with Citcon and integrate their advanced payment solutions into our platform," said Alyson Zhang , COO of Shoplazza.

Sudan’s war is wrecking a lot, including its central bank – a legacy of trailblazing African American economist and banker Andrew Brimmer

Retrieved on: 
Monday, June 5, 2023

The fighting is even wreaking havoc on the country’s central bank.

Key Points: 
  • The fighting is even wreaking havoc on the country’s central bank.
  • In late April 2023, a video surfaced of a branch of the Central Bank of Sudan in Khartoum on fire.
  • What many people may not know is that, in 1956, three U.S. economists laid the groundwork for the Central Bank of Sudan.
  • My forthcoming book examines African American involvement in Sudan and their impact on this transnational relationship.

Brimmer’s road to economics

    • His father alternated between manual jobs, from chopping cotton to shipping out grain to support the family, and his mother grew much of the food the family ate.
    • “So we were typically poor, but not dirt-poor,” Brimmer told interviewers for a Federal Reserve Board oral history project in 2007.
    • Brimmer then earned undergraduate and graduate degrees in economics in 1950 and 1951 from the University of Washington and in 1957 earned a Ph.D. in economics from Harvard.

Mr. Brimmer Goes to Sudan

    • When Sudan became independent of British colonial rule in 1956, it established diplomatic relations with the United States and requested U.S. help in setting up a central bank.
    • That July, officials at the U.S. State Department asked Brimmer, who had been working as an economist with the Federal Reserve Bank of New York since June 1955, and two senior-level Federal Reserve members to participate in a technical mission to Sudan to help with that request.
    • The government of Sudan established the central bank in July 1959 based on their work.

A familiar face in an unfamiliar land

    • Brimmer’s diary from the trip — housed at Harvard University — offers a glimpse into some of his other experiences.
    • He attended festivities marking Sudan’s first anniversary of independence and attended the first match of the inaugural African Cup of Nations soccer tournament.
    • One woman, Brimmer wrote, “wanted to know why I could not speak Arabic!” She was apparently in disbelief that he was not Sudanese.

A path to the Federal Reserve Board of Governors

    • And in a historic move, Johnson nominated him to the Federal Reserve Bank’s Board of Governors on Feb. 26, 1966.
    • That body oversees the 12 Reserve banks in the system and works to promote a fair consumer financial services market.
    • After his Senate confirmation, Brimmer joined the board on March 9, 1966, becoming the first Black member in its history.
    • That was unlike other members of the Federal Reserve Board.

Cresta Expands its Generative AI Solutions for the Contact Center

Retrieved on: 
Monday, March 27, 2023

PALO ALTO, Calif., March 27, 2023 /PRNewswire/ -- Cresta, a leading provider of generative AI for intelligent contact centers, today announced the introduction of several new solutions and enhancements to its Cresta Real Time Intelligence Platform, a comprehensive portfolio of AI-powered products and solutions that seamlessly work together to help organizations grow revenues and retain customers. 

Key Points: 
  • Businesses are increasingly intrigued by the prospects of generative AI but only willing to invest in the technology if there is a tangible ROI.
  • Powered by generative AI, these new solutions help contact center and sales teams become more effective by identifying the behaviors and drivers that improve business outcomes.
  • "These new solutions will help businesses overcome this challenge by underpinning their sales and service strategies with deep insights based on customer conversations with their best agents."
  • CarMax , Blue Nile , Earthlink , Holiday Inn Club Vacations , Porsche , and Intuit are among the leading companies using Cresta to improve the productivity of their contact center operations.

Pritzker Private Capital Names Carter Cast Operating Partner

Retrieved on: 
Wednesday, February 22, 2023

Pritzker Private Capital (“PPC”), a leader in family direct investing, today announced that Carter Cast, currently a Senior Advisor to PPC, has been named Operating Partner.

Key Points: 
  • Pritzker Private Capital (“PPC”), a leader in family direct investing, today announced that Carter Cast, currently a Senior Advisor to PPC, has been named Operating Partner.
  • Cast will be directly involved advising and supporting PPC’s family of companies to enhance commercial activities that drive primary demand.
  • Cast brings more than 30 years of executive leadership experience working with businesses and entrepreneurs to drive substantial growth.
  • Cast joined Pritzker Private Capital as a Senior Advisor in 2020.

Custom Lab Grown Diamonds Add a New Dimension to the Industry

Retrieved on: 
Thursday, January 19, 2023

NEW YORK, Jan. 19, 2023 /PRNewswire/ -- The global demand for diamonds is on the rise. To illustrate, high demand for diamond jewelry from emerging markets such as China, India, Brazil, and Thailand is driving the global diamond mining market. In addition, and perhaps unexpectedly, rising demand for diamonds for use in industrial applications has also boosted the global market. Diamonds that are not of commercial quality are used in industrial applications, such as grinding wheels for drilling, cutting, polishing applications, electronic chips, and laser components. In recent years, a new way to obtain diamonds has emerged. Lab grown diamonds, which are made in laboratories and factories and are identical to natural diamonds in their composition and appearance. Adamas One Corp. (NASDAQ: JEWL), Signet Jewelers Limited (NYSE: SIG), Rio Tinto Group (NYSE: RIO), Anglo American plc (OTC: NGLOY), Movado Group, Inc. (NYSE: MOV)

Key Points: 
  • In addition, and perhaps unexpectedly, rising demand for diamonds for use in industrial applications has also boosted the global market.
  • Lab grown diamonds, which are made in laboratories and factories and are identical to natural diamonds in their composition and appearance.
  • Increase in adoption of lab grown diamonds in the fashion and jewelry sector, along with increasing application of these diamonds in the industrial sector have spurred the demand for lab grown diamonds across myriad of industry verticals.
  • Exclusively for women, the elegant new Aria, in white ceramic and stainless steel illuminated by diamonds, redefines sport-chic with brilliant simplicity.

Custom Lab Grown Diamonds Add a New Dimension to the Industry

Retrieved on: 
Thursday, January 19, 2023

NEW YORK, Jan. 19, 2023 /PRNewswire/ -- The global demand for diamonds is on the rise. To illustrate, high demand for diamond jewelry from emerging markets such as China, India, Brazil, and Thailand is driving the global diamond mining market. In addition, and perhaps unexpectedly, rising demand for diamonds for use in industrial applications has also boosted the global market. Diamonds that are not of commercial quality are used in industrial applications, such as grinding wheels for drilling, cutting, polishing applications, electronic chips, and laser components. In recent years, a new way to obtain diamonds has emerged. Lab grown diamonds, which are made in laboratories and factories and are identical to natural diamonds in their composition and appearance. Adamas One Corp. (NASDAQ: JEWL), Signet Jewelers Limited (NYSE: SIG), Rio Tinto Group (NYSE: RIO), Anglo American plc (OTC: NGLOY), Movado Group, Inc. (NYSE: MOV)

Key Points: 
  • In addition, and perhaps unexpectedly, rising demand for diamonds for use in industrial applications has also boosted the global market.
  • Lab grown diamonds, which are made in laboratories and factories and are identical to natural diamonds in their composition and appearance.
  • Increase in adoption of lab grown diamonds in the fashion and jewelry sector, along with increasing application of these diamonds in the industrial sector have spurred the demand for lab grown diamonds across myriad of industry verticals.
  • Exclusively for women, the elegant new Aria, in white ceramic and stainless steel illuminated by diamonds, redefines sport-chic with brilliant simplicity.

Aragon Research Names Cresta a "Hot Vendor"

Retrieved on: 
Wednesday, December 14, 2022

PALO ALTO, Calif., Dec. 14, 2022 /PRNewswire/ -- Cresta, the leader in real-time intelligence for the contact center, today announced it has been included in the list of "Hot Vendors" in the 2022 report by Aragon Research, Inc. Cresta was formally presented with their award on December 8th, 2022, at the virtual event, Aragon Transform 2022, Aragon Research's annual awards ceremony.

Key Points: 
  • Cresta was formally presented with their award on December 8th, 2022, at the virtual event, Aragon Transform 2022 , Aragon Research's annual awards ceremony.
  • "This inclusion in the Hot Vendor report by Aragon Research is a validation of the value Cresta delivers to our customers," said Zayd Enam, CEO of Cresta.
  • Aragon Research publications consist of the opinions of Aragon Research and Advisory Services organization and should not be construed as statements of fact.
  • Aragon Research provides its research publications and the information contained in them "AS IS," without warranty of any kind.

Brickell City Centre Kicks off the Holiday Season with 15 New Brands

Retrieved on: 
Monday, November 14, 2022

MIAMI, Nov. 14, 2022 /PRNewswire/ -- The Shops at Brickell City Centre (BCC), Miami's modern neighborhood hub developed by Swire Properties, is further diversifying its value proposition with an exciting roster of new stores just in time for the holiday season. The 15 new arrivals – including dining, entertainment, and shopping options – reinforce Brickell's continuous growth attracting visitors and locals alike with options for all, from luxury to everyday basics.

Key Points: 
  • "We're excited to bring our tech-infused golf experience to Floridafor the first timeand in one of Miami's fastest-growing neighborhoods at Brickell City Centre," saidDave Diamond, President of Puttshack.
  • Holiday shoppers can complete their lists at the additional new tenants that opened their doors earlier this year.
  • To satisfy this year's holiday sweet tooth, BCC also welcomed Sugarfina the grown-up candy store offering alcohol-infused treats.
  • Brickell City Centre is at 701 South Miami Ave. For more information, visit www.brickellcitycentre.com .

Zoom partners with Cresta to Deliver AI-Driven Real-Time Intelligence for the Contact Center

Retrieved on: 
Wednesday, November 9, 2022

PALO ALTO, Calif., Nov. 9, 2022 /PRNewswire/ -- Cresta, the leader in real-time intelligence for the contact center, today announced the availability of an integration between Cresta and Zoom Video Communications, Inc. With this integration, Zoom Contact Center customers now have the ability to deploy real-time voice integration in their contact center using Cresta's advanced AI-driven, real-time intelligence layer.

Key Points: 
  • "The Zoom Contact Center solution has set a new standard for customer experiences through omnichannel and video-optimized interactions," said Zayd Enam, CEO of Cresta.
  • "The Cresta integration will help Zoom Contact Center accelerate its goal of meeting the needs of the modern agent and end customer experience."
  • "The Cresta platform complements the ZoomContact Center offering," says Kentis Gopalla, Head of Ecosystem for Zoom Phone and Contact Center.
  • Cresta turns real-time intelligence into real-time action to make the contact center smarter and every agent and manager more productive.