BEIRUT

AM Best Downgrades Credit Ratings of Arabia Insurance Company s.a.l.

Retrieved on: 
Friday, August 13, 2021
Insurance, Professional Services, ALL, Data, Government, News, AM, Credit, Risk, Insurance, Good, Investment, Finance, Risk management, AM Best, AIC, Industry, ERM

AM Best has downgraded the Financial Strength Rating to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating to bbb- (Good) from bbb (Good) of Arabia Insurance Company s.a.l.

Key Points: 
  • AM Best has downgraded the Financial Strength Rating to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating to bbb- (Good) from bbb (Good) of Arabia Insurance Company s.a.l.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Vistas Media Acquisition Company Inc. Announces Additional Contribution to Trust Account to Extend Deadline to Consummate Business Combination

Retrieved on: 
Tuesday, August 10, 2021
Warner, Prospectus, Sponsor, Proxy, Risk, U.S. Securities and Exchange Commission, Review, MENA, Sony, Agreement, Person, Sale, Private Securities Litigation Reform Act, Special-purpose acquisition company, COVID-19, VMAC, Nasdaq, LLC, SPAC, Securities Act of 1933, Failure, Global Media Group, International, Catalog, Acquisition, Extension, SEC, NASDAQ, GLOBE, Name, Music, Form, Bank, Auction

The loan under the promissory note is non-interest bearing and will be repaid upon the consummation of the proposed business combination.

Key Points: 
  • The loan under the promissory note is non-interest bearing and will be repaid upon the consummation of the proposed business combination.
  • To learn more about Vistas Media Acquisition Company Inc., please visit https://vmac.media .
  • Additional information regarding the interests of such participants will be contained in the proxy statement/prospectus for the proposed business combination when available.
  • These forward-looking statements include, without limitation, the satisfaction of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination.

INK Entertainment to Expand its US Footprint with Five New Openings Across South Florida Over the Next Eight Months

Retrieved on: 
Wednesday, August 11, 2021
Soft story building, Season, Industry, Art Deco, CEO, Collection, Ink, MIAMI, Amal, KOST, Regent Hotels & Resorts, DNA, Restaurant, INK Entertainment, Four Seasons, Gurney Resort Hotel & Residences, Twitter, Clio, View, Multimedia, INK, AMAL, Rebel, Lunch, Humble Oil Building, Magic City, Facebook, KST, Drive, Growth, Magic, Pulse, FIGO, Amusement park, Hotel, Tourism, Nightclub

Joining their existing and widely lauded restaurant, Byblos Miami, INK will introduce five of its concepts across South Florida over the next eight months.

Key Points: 
  • Joining their existing and widely lauded restaurant, Byblos Miami, INK will introduce five of its concepts across South Florida over the next eight months.
  • "At INK, we have always prided ourselves in taking the pulse of a city and knowing how best to grow with it,"said Charles Khabouth, Founder and CEO of INK Entertainment.
  • As part of INK's South Florida expansion, three of the openings will be unveiled at 640 Ocean Drive in Miami Beach.
  • For more information, visit www.inkentertainment.com or connect with INK Entertainment on Facebook and Twitter.

Vistas Media Acquisition Company Inc. Announces Extension of Deadline to Complete Business Combination

Retrieved on: 
Friday, August 6, 2021
Warner, Private Securities Litigation Reform Act, Form, Prospectus, Name, Extension, Sony, Securities Act of 1933, COVID-19, NASDAQ, VMAC, MENA, Sale, Proxy, International, Global Media Group, Person, Sponsor, Failure, Agreement, LLC, Music, Acquisition, SEC, Risk, Special-purpose acquisition company, Catalog, GLOBE, SPAC, Security (finance), Auction

The Extension provides VMAC with additional time to complete its proposed business combination with Anghami Inc. (Anghami), the leading music streaming platform and service in the Middle East and North Africa.

Key Points: 
  • The Extension provides VMAC with additional time to complete its proposed business combination with Anghami Inc. (Anghami), the leading music streaming platform and service in the Middle East and North Africa.
  • About Vistas Media Acquisition Company Inc.
    VMAC is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities in the Global Media and Entertainment sector.
  • To learn more about Vistas Media Acquisition Company Inc., please visit https://vmac.media .
  • These forward-looking statements include, without limitation, the satisfaction of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination.

SMITHS DETECTION SUPPORTS DONATION OF MOBILE INSPECTION SYSTEM TO BEIRUT PORT TO INCREASE SAFETY

Retrieved on: 
Thursday, August 5, 2021
Technology, Mobile, Wireless, Hardware, Security, Treasury, Weapon, Solution, Maintenance, Freedom, Smiths Group, French Government of the Hundred Days, CMA CGM, Lebanese Customs Administration, Embassy of France, Washington, D.C., General Directorate of General Security, Port of Beirut, Narcotic, Movement, CMA, Port, Diplomatic mission, Harold Smith (detective), Ambassador, Drug, HCVM, Smiths Detection, HCVM, SMITHS DETECTION

This mobile X-ray inspection system will increase the security of the port by providing it with improved detection of hazardous materials and illicit substances.

Key Points: 
  • This mobile X-ray inspection system will increase the security of the port by providing it with improved detection of hazardous materials and illicit substances.
  • This equipment, financed by the General Directorate of the Treasury, will play a critical role in the fight against smuggling.
  • Jerme de Chassey, Vice President Commercial of Smiths Detection, said: We are proud to be able to help Lebanon improve its security.
  • Smiths Detection, a division of Smiths Group, is a global leader in inspection and detection technologies for the air transport, ports and borders, armed forces and urban security markets.

Lutheran World Relief's Beirut Port Blast response, 1 year later: Residences repaired, families back home, businesses restored

Retrieved on: 
Wednesday, August 4, 2021
Corus International, Makhzoumi, Lutheran World Relief, Lutheranism, Aid, Christianity, Abrahamic religions

Over the past year, Corus International's subsidiary Lutheran World Relief has collaborated with local partners to help repair homes and restore businesses as life in the city's core slowly resumes.

Key Points: 
  • Over the past year, Corus International's subsidiary Lutheran World Relief has collaborated with local partners to help repair homes and restore businesses as life in the city's core slowly resumes.
  • In the immediate aftermath of the explosion, when needs were most acute, Lutheran World Relief partnered with the Beirut-based Makhzoumi Foundation to distribute parcels of food and other essential household supplies.
  • As part of its longer-term response, Lutheran World Relief, with funding from the U.S. Agency for International Development, launched an effort to repair hundreds of residences damaged by the blast.
  • In an effort to jump-start business recovery, Lutheran World Relief partnered with the Georges N. Frem Foundation, a Lebanese NGO, to provide assistance to 90 small businesses.

"Stones of Beirut": TERRITORY launches a cross-media donation campaign to mark the anniversary of the Beirut explosion

Retrieved on: 
Wednesday, August 4, 2021
Beirut, Beirut explosion

-With its fundraising campaign, TERRITORY wants to generate awareness for the situation in Beirut in multimedia channels in Germany, Europe, and worldwide.

Key Points: 
  • -With its fundraising campaign, TERRITORY wants to generate awareness for the situation in Beirut in multimedia channels in Germany, Europe, and worldwide.
  • -The book is printed on stone paper, made from the rubble of Beirut houses destroyed in August 2020.
  • HAMBURG, Germany, Aug. 4, 2021 /PRNewswire/ -- On August 4, 2020, a massive explosion shook the city centre of Beirut.
  • It recounts moving stories of local people and buildings connected to the explosion site in the port of the metropolis.

Vistas Media Acquisition Company Inc. Announces Confidential Submission of Draft Registration Statement to the U.S. Securities and Exchange Commission With Respect to Proposed Business Combination With Anghami

Retrieved on: 
Tuesday, August 3, 2021
Anghami, Middle Eastern music, North African music, Software, Computer architecture

Upon the closing of the business combination, the Company will operate under the Anghami name and is expected to be listed on NASDAQ trading under the new symbol ANGH.

Key Points: 
  • Upon the closing of the business combination, the Company will operate under the Anghami name and is expected to be listed on NASDAQ trading under the new symbol ANGH.
  • To learn more about Vistas Media Acquisition Company Inc., please visit https://vmac.media.
  • These forward-looking statements include, without limitation, the satisfaction of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination.
  • This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination.

Anghami & Addmind to Launch Anghami Lab, An Innovative Entertainment Concept to be Available in Major Cities Starting in Dubai & Riyadh

Retrieved on: 
Monday, August 2, 2021
Anghami, Middle Eastern music, North African music, Software, Abu Dhabi International Airport, Cairo International Airport, Dubai International Airport, Emirates of the United Arab Emirates, Human activities

Anghami has partnered with Addmind (Addmind), the regions market leader in hospitality, operating nine leading brands such as White, Iris and Clap across Dubai, Abu Dhabi, Beirut, Qatar and London, to launch the new concept.

Key Points: 
  • Anghami has partnered with Addmind (Addmind), the regions market leader in hospitality, operating nine leading brands such as White, Iris and Clap across Dubai, Abu Dhabi, Beirut, Qatar and London, to launch the new concept.
  • Anghami Lab will be the first to combine both online and offline worlds, bridging digital and traditional entertainment.
  • Following the Dubai location, Anghami Lab will launch in Riyadh, Jeddah, Cairo, Beirut and other global cities such as London, New York and Los Angeles.
  • Anghami also features music from the major International labels such as Universal, Sony, Warner and is continuously licensing new content.

FADEL Chooses Montréal for its New Research & Development Centre

Retrieved on: 
Thursday, July 29, 2021
Intellectual property law, Patent law, Expense, Royalty payment

NEW YORK, July 29, 2021 /PRNewswire-PRWeb/ --FADEL, an innovative provider of rights & royalty management software, is continuing its growth with a new research and development centre in Montral, marking its expansion in Canada.

Key Points: 
  • NEW YORK, July 29, 2021 /PRNewswire-PRWeb/ --FADEL, an innovative provider of rights & royalty management software, is continuing its growth with a new research and development centre in Montral, marking its expansion in Canada.
  • FADEL has been assisting global brands with IP and content licensing rights, legal compliance, royalty fee calculation and billing management.
  • As a research and development centre, the office will contribute to the creation of new and innovative products filling roles across software development and quality assurance.
  • "The opening of FADEL's research and development centre in Montral is an indisputable example of the vitality of our innovation ecosystem, says Hubert Bolduc, President of Investissement Qubec International.