Wednesday, December 17, 2025

OAG Appoints ex-Skyscanner Executive Filip Filipov as New Chief Executive Officer

 (BUSINESS WIRE) -- OAG announces today the appointment of Filip Filipov, ex-Skyscanner executive, as new Chief Executive Officer.


Filip Filipov currently serves as the company’s Chief Operating Officer and takes over from Phil Callow who has chosen to step down having completed thirteen transformational years at the helm of OAG to pursue his many other interests. Since joining in 2024, Filipov has played a leading role in the company’s ambitious next phase of growth and ongoing acceleration. He will now lead OAG into a new era defined by advanced data products and AI-driven intelligence. Before joining OAG, Filipov held senior roles in travel technology and big-data consulting, including on Skyscanner’s executive team.


Filip Filipov said: “It’s a privilege to step into this role and lead a company with such a strong heritage and reputation. I’m excited for what’s ahead and committed to serving our customers with the reliability, service, and innovation they depend on.”


Chairman of OAG, Gehan Talwatte, commented: “Filip’s appointment reflects our strong succession planning and our commitment to stability, continuity, and sustained growth. Our customers, partners, and the industry can expect OAG to continue delivering the trusted service and innovation we are known for. Phil will be supporting the transition during the first quarter of 2026 and thereafter become an Advisor to the Board.”


Outgoing CEO of OAG, Phil Callow, said: “Having steered OAG through many waves of change and played a part in building it to where it is today, I have decided that it is the right time for me to pass the baton to someone new. It’s been an enormous privilege to have led such an outstanding group of people and I’m extremely excited for their future, especially with Filip’s dynamic leadership in place.”


About OAG


OAG is a leading data platform for the global travel industry offering an industry-first single source for supply, demand, and pricing data. For more information on OAG visit www.oag.com


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20251216732195/en/



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Contacts

Dominique.Leroux@oag.com

VeritasChain Unveils VAP Architecture, New Auditability Research, and Confirms Submissions to 58 Regulators Globally

 TOKYO - Wednesday, 17. December 2025



(BUSINESS WIRE) -- VeritasChain today unveiled its Verifiable AI Provenance Framework (VAP) architecture, published new research on verifiable audit trails, and confirmed informational submissions to 58 regulatory authorities across 43 jurisdictions. These milestones advance VeritasChain’s mission to establish a global framework for verifiable auditability in AI and algorithmic trading.


Verifiable AI Provenance Framework (VAP)


VAP is a layered assurance architecture designed for independent verification of AI decision-making. It is not a single product, but a framework defining how cryptographic evidence and third-party verification interoperate across diverse systems.


The architecture records decision-to-execution events as immutable audit trails, facilitating regulatory review and post-incident analysis without reliance on institutional trust. VAP builds upon the VeritasChain Protocol (VCP), treating cryptographic evidence as a core primitive in AI assurance.


Research Publications


VeritasChain has published two complementary papers on Zenodo establishing the feasibility and necessity of auditable AI infrastructure:


Empirical Study: “Cryptographically Verifiable Audit Trails in Live Algorithmic Trading: An Empirical Study Using VCP v1.0” https://zenodo.org/records/17920524


Regulatory Analysis: “Why Open Cryptographic Standards Matter for AI Auditability: Formal Analysis and Regulatory Alignment” https://zenodo.org/records/17947483


The official AI Decision Auditability Benchmark (v1.0)—including the scorecard and regulatory mapping—is available at: https://github.com/veritaschain/vcp-spec/tree/main/benchmark


Global Regulatory & Industry Engagement


VeritasChain submitted VCP and VAP materials to 58 regulators across 43 jurisdictions, including authorities in Europe, Asia-Pacific, the Americas, and MEA. These submissions support regulatory understanding of cryptographic auditability within frameworks like the EU AI Act.


Industry adoption of the methodology is also gaining traction. Two Tier-1 global professional services networks have begun referencing the VeritasChain Benchmark Score in the development of their independent AI audit and assurance methodologies.


About VeritasChain


VeritasChain develops open, cryptography-based standards for verifiable audit trails in AI-driven systems. Its work spans protocol design (VCP), assurance architecture (VAP), open benchmarks, and empirical research, enabling regulator-ready, independently auditable AI systems.


More information: https://veritaschain.org https://github.com/veritaschain


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20251216433807/en/



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Contacts

Media Contact

VeritasChain

media@veritaschain.org


 

AtkinsRéalis and Oman’s Ministry of Energy and Minerals convene “Powering the Future: Oman Electricity Innovation Showcase”



AtkinsRéalis a world-class engineering services and nuclear company, in partnership with the Ministry of Energy and Minerals, convened the “Powering the Future: Oman Electricity Innovation Showcase” on December 10th, 2025. This joint initiative brought together senior leaders from government, utilities, regulators, and industry to explore how Oman can meet surging AI economic development led electricity demand through a balanced mix of nuclear, renewables, AI-ready grids, and storage, aligning with the nation’s commitment to achieving net zero emissions by 2050.

“A secure and sustainable power system is central to our industrial strategy and economic ambitions, which includes recently announced initiatives like the Oman Digital Triangle, a gigawatt scale group of three AI superclusters under the National Digital Infrastructure Roadmap. This collaboration highlights technologies and delivery models that can help Oman diversify its energy mix, enhance grid resilience, and accelerate progress toward our national targets,” said H.E. Mohsin Hamed Saif Al Hadhrami, Undersecretary, Ministry of Energy and Minerals, Oman.

Sessions covered decarbonization pathways, grid resilience for AI-intensive economies, economic development and growth opportunities and the complementary roles of reliable and grid-stabilizing nuclear energy alongside intermittent renewables in Oman’s future supply mix. Expert lightning talks addressed the relevance of regional grid interconnections, renewables, nuclear, finance, and hydrogen, while panel discussions examined integration, financing, and policy frameworks. Delegates also participated in interactive simulations of how to manage grid operations with a diverse electricity supply-mix as the electricity system operator and explored global case studies on nuclear delivery and refurbishment.

“Reliable, clean, baseload power is the anchor for a modern grid, serving both people and a data-driven economy. Nuclear provides the dispatchable, low-carbon capacity that helps Oman scale renewables without sacrificing stability or affordability. The question is how to design the right mix, attract and sequence investments, drive new industry capacity and growth, and build the institutional capability to deliver at pace,” said Todd Smith, Vice President, Marketing and Business Development, CANDU Energy Inc.

The innovation showcase comes at a pivotal time for Oman and the wider Gulf region as electricity demand in the country is growing 6.1% each year and MENA-wide electricity consumption is projected to rise by 50% by 2035. The dynamics of data centre growth, with the Gulf’s installed capacity possibly tripling to 3.3 GW in the next five years and the market projected to grow to $9.5 billion by 2030, the event addressed the urgent need for practical, scalable solutions that ensure energy security, economic competitiveness, and climate resilience amid growing electrification, and cooling needs. The discussions highlighted how focussed planning, a diversified supply mix, combining renewables, advanced grid technologies, and firm nuclear energy, can help the country and its neighbours navigate the transition to a low-carbon future, support industrial growth, and position the region as a leader in sustainable energy innovation.

“Our ambition with this showcase was to rise above the noise and illuminate innovative pathways grounded in evidence, strategic choices, and informed trade-offs. Today, cities, industries, and digital ecosystems converge on a singular imperative: abundant, resilient, and clean energy. In partnership with the Ministry, we have articulated a forward-looking roadmap that harmonizes renewables, advanced storage, and grid-forming technologies with proven nuclear solutions, empowering Oman to accelerate near-term growth while steadfastly advancing toward a net-zero future.” said Matthew Tribe, Global Market Lead, Buildings & Places, AtkinsRéalis.

AtkinsRéalis combines global nuclear and grid design and development expertise with a strong regional presence, drawing on decades of experience delivering CANDU reactors and a 7,000-person nuclear workforce. CANDU technology offers Oman and the region a proven path to secure, low-carbon baseload power, supporting both grid stability and large-scale renewable integration. AtkinsRéalis is committed to partnering with government and industry stakeholders across the region to identify new opportunities and co-develop solutions for the Middle East’s evolving energy and infrastructure needs, promoting sustainable growth and delivering resilient, future-ready systems for communities and businesses.

About AtkinsRéalis

Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world’s infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset, including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. Learn more at www.atkinsrealis.com or follow us on LinkedIn.

 

About AtkinsRéalis’ Nuclear Sector

 

AtkinsRéalis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. AtkinsRéalis is the steward of CANDU® nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, AtkinsRéalis solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. AtkinsRéalis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. AtkinsRéalis’ CANDU technology also allows for the co-production of medical radioisotopes for cancer detection and treatment. The company also supports cancer treatment through its partnership with TerraPower to extract isotopes from legacy nuclear material. Learn more on our Nuclear market page.

 

About the Oman Ministry of Energy and Minerals

The Ministry of Energy and Minerals is the government authority responsible for the development and regulation of Oman’s energy and mineral resources. The Ministry leads national strategy and policy for the energy transition, supporting economic growth, energy security, and sustainable development. Through collaboration with industry and international partners, the Ministry is advancing Oman’s ambitions for net zero, renewable energy, and innovation in the power sector.



Contacts

Razan Katbe

Manager - External Communications, Middle East

Razan.katbe@atkinsrealis.com

 

Khamis Aljaradi

Director of Communications & Media

Khamis.h.aljaradi@mem.gov.om


Visa Unveils New Global Stablecoins Advisory Practice

Visa Consulting & Analytics combines advanced payments strategy and expert crypto knowledge to help clients innovate and grow with stablecoins technology

 

(BUSINESS WIRE)--Visa (NYSE: V), a global leader in digital payments, today announced the launch of its Stablecoins Advisory Practice. The new value-added service offering by Visa Consulting & Analytics (VCA) provides actionable insights and recommendations to guide banks, fintechs, merchants, and businesses of all sizes on market fit, strategy, and implementation.

As the stablecoin market cap surpasses $250 billion, Visa’s settlement volume has accelerated, reaching a $3.5 billion annualized run rate as of November 30. Businesses are turning to Visa’s new Stablecoins Advisory Practice to unlock growth opportunities.

“Putting our members first has always been our mission, and we’re committed to exploring innovations that strengthen financial health and convenience for those we serve. Stablecoins may represent an opportunity to enhance speed and lower cost in payments, so with the support of Visa, we are evaluating how this technology could fit into our broader strategy to deliver meaningful value to our 15 million members worldwide,” said Matt Freeman, senior vice president, Navy Federal Credit Union.

“Visa Consulting & Analytics brings together Visa’s scale, expertise and specialized consultants to offer a unique service, and Pathward appreciates the invitation to be one of the first banks to explore this work with them,” said Anthony Sharett, president of Pathward. “Stablecoins could provide innovative solutions for the financial services sector, and Visa’s team delivered impressive work, insights and actionable recommendations for businesses exploring them.”

The Stablecoins Advisory Practice offers a suite of services designed to guide strategy and implementation amid the growing prevalence and stability of stablecoins infrastructure and emerging regulatory standards.

“Having a comprehensive stablecoins strategy is critical in today's digital landscape," said Carl Rutstein, global head of Visa Consulting & Analytics, Visa. "Clients come to Visa and VCA for guidance because they trust our ability to navigate change, both within payments and beyond. We are proud to help our clients stay agile and competitive as this space evolves at an unprecedented pace.”

Tapping into VCA’s global network of thousands of consultants, data scientists, and product experts, the new practice provides:

  • Stablecoin training and market trend programs, including a new Visa University course
  • Stablecoin strategy development and market entry planning
  • Use case sizing and go-to-market planning
  • Technology enablement for stablecoins integration

"Working with Visa Consulting & Analytics gave VyStar access to Visa’s scale, crypto expertise, and specialized consulting talent—a combination that is hard to match in the consulting world," said Lauren Morrison, vice president, Payments Products, VyStar. "The VCA team provided practical insights and tailored recommendations that helped us deepen our understanding of the stablecoin landscape and its potential relevance to our members. This engagement allowed us to explore opportunities thoughtfully and shape an informed strategy."

The services are part of Visa’s longstanding leadership in modernizing global payments through blockchain and stablecoin technology. In 2023, Visa became one of the first major payments networks to pilot stablecoin settlement using USDC. Now, Visa has more than 130 stablecoin-linked card issuing programs in over 40 countries. Additionally, Visa Direct’s latest pilots will enable qualified businesses in certain jurisdictions to pre-fund cross-border payments using stablecoins and send direct payouts to individuals’ stablecoin wallets.

To connect directly with a Visa Consulting & Analytics stablecoins advisor, email VCA@visa.com.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20251215320410/en/



Contacts

Media Contact
Victoria Khamsombath
press@visa.com

 


Visa Consulting & Analytics combines advanced payments strategy and expert crypto knowledge to help clients innovate and grow with stablecoins technology

 

(BUSINESS WIRE)--Visa (NYSE: V), a global leader in digital payments, today announced the launch of its Stablecoins Advisory Practice. The new value-added service offering by Visa Consulting & Analytics (VCA) provides actionable insights and recommendations to guide banks, fintechs, merchants, and businesses of all sizes on market fit, strategy, and implementation.

As the stablecoin market cap surpasses $250 billion, Visa’s settlement volume has accelerated, reaching a $3.5 billion annualized run rate as of November 30. Businesses are turning to Visa’s new Stablecoins Advisory Practice to unlock growth opportunities.

“Putting our members first has always been our mission, and we’re committed to exploring innovations that strengthen financial health and convenience for those we serve. Stablecoins may represent an opportunity to enhance speed and lower cost in payments, so with the support of Visa, we are evaluating how this technology could fit into our broader strategy to deliver meaningful value to our 15 million members worldwide,” said Matt Freeman, senior vice president, Navy Federal Credit Union.

“Visa Consulting & Analytics brings together Visa’s scale, expertise and specialized consultants to offer a unique service, and Pathward appreciates the invitation to be one of the first banks to explore this work with them,” said Anthony Sharett, president of Pathward. “Stablecoins could provide innovative solutions for the financial services sector, and Visa’s team delivered impressive work, insights and actionable recommendations for businesses exploring them.”

The Stablecoins Advisory Practice offers a suite of services designed to guide strategy and implementation amid the growing prevalence and stability of stablecoins infrastructure and emerging regulatory standards.

“Having a comprehensive stablecoins strategy is critical in today's digital landscape," said Carl Rutstein, global head of Visa Consulting & Analytics, Visa. "Clients come to Visa and VCA for guidance because they trust our ability to navigate change, both within payments and beyond. We are proud to help our clients stay agile and competitive as this space evolves at an unprecedented pace.”

Tapping into VCA’s global network of thousands of consultants, data scientists, and product experts, the new practice provides:

  • Stablecoin training and market trend programs, including a new Visa University course
  • Stablecoin strategy development and market entry planning
  • Use case sizing and go-to-market planning
  • Technology enablement for stablecoins integration

"Working with Visa Consulting & Analytics gave VyStar access to Visa’s scale, crypto expertise, and specialized consulting talent—a combination that is hard to match in the consulting world," said Lauren Morrison, vice president, Payments Products, VyStar. "The VCA team provided practical insights and tailored recommendations that helped us deepen our understanding of the stablecoin landscape and its potential relevance to our members. This engagement allowed us to explore opportunities thoughtfully and shape an informed strategy."

The services are part of Visa’s longstanding leadership in modernizing global payments through blockchain and stablecoin technology. In 2023, Visa became one of the first major payments networks to pilot stablecoin settlement using USDC. Now, Visa has more than 130 stablecoin-linked card issuing programs in over 40 countries. Additionally, Visa Direct’s latest pilots will enable qualified businesses in certain jurisdictions to pre-fund cross-border payments using stablecoins and send direct payouts to individuals’ stablecoin wallets.

To connect directly with a Visa Consulting & Analytics stablecoins advisor, email VCA@visa.com.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20251215320410/en/



Contacts

Media Contact
Victoria Khamsombath
press@visa.com

 


1GLOBAL Empowers Revolut to Offer Mobile Plans in Poland

 AMSTERDAM - Tuesday, 16. December 2025 AETOSWire 



(BUSINESS WIRE)--1GLOBAL, a technology-driven global mobile communications provider, strengthens its partnership with Revolut, expanding the leading neobank’s mobile data plan offering to the Polish market.


By integrating 1GLOBAL’s eSIM capability into its multi-service app, Revolut’s customers in Poland who signed up to the waitlist can now enjoy bundled mobile plans that include competitively priced domestic data plans starting at zł 25 per month (approx. €6.00 per month) with unlimited calls and texts in Poland and the EU, in just a few taps.


For 1GLOBAL, this expansion marks another milestone in the company’s embedded telco services strategy. The services are trusted by more than 4,000 corporate partners across a variety of industries including fintech, aviation, hospitality and tourism.


Hakan Koç, Founder and CEO of 1GLOBAL, said: “At 1GLOBAL, we love working with market-leading tech companies like Revolut that share our passion for innovation and customer experience. Our first collaboration on the travel eSIM was the first of its kind and exceeded all expectations. Now, supporting the launch of Revolut’s local mobile plan with Tier-1 features like HD+ voice, worldwide WiFi-Calling, market-leading roaming rates, and a future-proof setup for devices and wearables marks an exciting next step. I’m looking forward to this being the first of many planned rollouts globally.”


Hadi Nasrallah, General Manager, Telco at Revolut said: “Revolut Mobile is more than just another mobile service, it’s a truly differentiated alternative designed to change the industry. Our goal is simple: offer the best service, at the best price, leveraging the best user experience. We’re bringing true innovation with features such as multiple numbers & global messaging, while removing any hassle or hidden fees from the process.”


A successful partnership boosting customer engagement


Revolut first embedded 1GLOBAL’s eSIM distribution services into its app in 2024. Since then, the partnership has augmented Revolut’s non-banking offering to include data and connectivity services via a single app.


The partnership delivers global connectivity to the millions of Polish customers that use Revolut’s multi-service platform and offers frictionless mobile data plans both domestically and at local rates across 150+ countries.


In enabling neobanks like Revolut to become true digital hubs of connectivity, 1GLOBAL’s technology helps boost customer engagement on their platforms, unlocking enhanced cross-selling opportunities and revenue streams, and helping build customer loyalty in the process.


Easy API integration for a seamless customer experience


What sets digital banks like Revolut apart is their ability to provide frictionless, borderless services in one place. With its flexible integration options, 1GLOBAL technology slots seamlessly into this business model, enabling a swift onboarding of eSIMs via its proprietary API technology.


In a single step, businesses can expand their app offering with 1GLOBAL’s API technology. Once integrated, this enables companies to provide fully branded, white-label mobile plans to their customers. 1GLOBAL offers flexible engagement models, ensuring every business can customize their eSIM solution to meet the specific requirements of their end customers.


Businesses can then leverage 1GLOBAL’s competitive roaming agreements and its status as a fully licensed Mobile Virtual Network Operator (MVNO) to offer customers affordable roaming services and attractive domestic mobile plans.


About 1GLOBAL: Leading Digital Transformation in Telecommunications


1GLOBAL is a technology-driven global mobile communications provider dedicated to empowering enterprises worldwide to unlock the full growth potential of mobile connectivity. With a best-in-class telecom technology platform, a comprehensive suite of globally viable regulatory licenses, and privileged access to the telecom wholesale market, 1GLOBAL is uniquely positioned to deliver seamless compliance and connectivity solutions. Serving the world’s leading banks, corporations, and digital-first businesses—including neo-banks, travel companies, and payment service providers—1GLOBAL connects over 43 million devices globally.


With 2024 full-year revenue exceeding US$100 million, 1GLOBAL is a profitable business generating significant cash flows to fund its ongoing investments in infrastructure, transformation, and growth. 2024 saw major client wins and marked 1GLOBAL’s evolution from a multi-market telecommunication provider to a global technology-driven mobile connectivity powerhouse.


Established in 2022 by experienced tech founders and entrepreneurs Hakan Koç and Pyrros Koussios, 1GLOBAL is a European technology leader driving digital transformation in the global telecommunications market. It operates as a fully regulated Mobile Virtual Network Operator (“MVNO”) in 12 countries and as a regulated telecommunications operator in an additional 41 countries. Headquartered in the Netherlands, with world-class R&D hubs in Lisbon, Berlin, and São Paulo, 1GLOBAL employs over 450 experts across 13 countries.


For more information, visit 1GLOBAL


About Revolut


Revolut Bank UAB is a licensed European bank, helping people get more from their money. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, more than 65 million customers around the world use dozens of Revolut’s innovative products to make more than 1 billion transactions a month.


Across our personal and business accounts, we give customers more control over their finances and connect people seamlessly across the world.


Banking services are provided by Revolut Bank UAB (304580906), a bank established in the Republic of Lithuania authorised and regulated by the Bank of Lithuania and the European Central Bank. 18+, Fees and T&Cs apply. Mobile connectivity services (eSIM and Mobile Plans) are offered by Revolut Ltd.


More information here: https://www.revolut.com/en-LT/ and to find out more about which Revolut entity customers receive services from, please check here.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20251216769985/en/



Permalink

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Contacts

Contact 1GLOBAL

1GLOBAL Press Office

Email: press@1global.com

Tuesday, December 16, 2025

MEPRA Awards 2025 announces winners, honors best campaigns, practitioners and agencies of the year

 The Middle East’s PR and communications industry gathered in full force last week as the 17th edition of the MEPRA Awards unveiled its 2025 winners, recognizing the campaigns, agencies and practitioners shaping the region’s communications landscape. Held on 27 November, the ceremony brought together more than 600 industry leaders to celebrate standout work across strategy, creativity, storytelling and impact in a year marked by rapid change and rising expectations.


Having received over 700 entries across 55 categories, the MEPRA Awards 2025 weighed PR professionals, communication strategists, agencies and in-house teams on parameters for driving awareness, brand positioning and crisis response through innovative strategies. Clinching maximum titles, Weber Shandwick MENAT, and Gambit Communications ruled the popular categories by sweeping 26 and 18 awards, respectively. The prestigious Chairperson’s award was conferred upon Scott Armstrong (founder, Mentl) for accelerating mental health advocacy, whereas Brian Lott of Mubadala Investment Company won the Best Communicator of the Year for crafting narratives for Mubadala’s global brand story. Other notable mentions for the evening include Tala Majzoub of HAVAS Red ME winning The ‘Dave Robinson’ award for Outstanding Young Communicator of the Year and Fathimath Nooha of Murdoch University for Outstanding Student Campaign.


MEPRA Awards 2025 winners represent the highest of industry standards in innovation, strategy and impact, where contestants deep dive into the nuances of brand reputation, strategic storytelling and audience connection. In a fiercely competitive communications landscape, where trends and tactics evolve at a breakneck pace, the Middle East PR community has risen once again to the challenge with strategic agility and creative tenacity. Showcasing exceptional thinking, Current Global MENAT won the Best ESG Campaign, while the Best Retail Campaign was swept by Soul Communications for their innovative Drinkable Billboards. The popular categories of Large Agency of the Year, Medium Agency of the Year, and Small Agency of the Year were clinched by Weber Shandwick MENAT, Current Global MENAT and The Romans, respectively.


Speaking of the annual initiative MEPRA Chairperson, Kate Midttun said, “MEPRA Awards has become a vital benchmark for recognizing PR brilliance and exceptional talent in the Middle East’s PR and communications sector. This has been a standout year for creative resilience, and work across the communications spectrum has been truly astounding. The honorees have showcased the power of PR to inform and engage, elevating the art of an insightful communications approach. Congratulations to all the winners tonight, and we would like to thank them for redefining excellence benchmarks, motivating the entire fraternity to gear up for the upcoming year.”


The Best Homegrown Agency went to Tales and Heads with Mubadala Investment Company, bagging the Best In-House Team of the Year. In the sector and services category, the Best Consumer Services Campaign was clinched by MSL Group ME, while Acorn Strategy and Ruya Bank won the Best Professional Services Campaign for conceiving the UAE’s first fully AI-generated banking campaign. AI’s popularity continued its winning streak with IBM and Weber Shandwick MENAT scooping the Best Technology Campaign for highlighting and promoting the responsible use of AI in businesses, and Current Global MENAT and Leo Burnett for Best Use of Artificial Intelligence.


In the country-wise campaign categories, Qatar Foundation took home the Best Campaign in Qatar, the BPG Group won the Best Campaign in Kuwait, Current Global MENAT swept three geographies scooping Best Campaign in Lebanon, Best Campaign in Saudi Arabia and Best Campaign in the UAE, while Weber Shandwick MENAT won Best Campaign in Egypt and Gambit Communications clinched Best Campaign in Bahrain and Best Campaign in Oman. From purpose-driven strategies and impactful campaigns to persuasive storytelling that moved the audience, the MEPRA Awards 2025 winners exemplify creativity and influence that power new-age media communications.


Entries were assessed by a panel of more than 130 industry experts, assuring stringent protocols to gauge creativity and impact. Gambit Communications sponsored the MEPRA Awards 2025 as the Diamond Partner, TAQA as the Platinum Partner, and Weber Shandwick MENAT and CARMA as Gold Partners, along with Mubadala, Kibsons, SEC Newgate Middle East, Telum Media, Burson; Place Communications, First and Ten Productions, Current Global MENAT, Matrix Public Relations, AMEC Measurement and Evaluation, as Supporting Partners.



Permalink

https://www.aetoswire.com/en/news/1612202551776


Contacts

Namita Thakkar


namita@matrixdubai.com

Esco Aster Signs Exosome Clinical cGMP Manufacturing Contract With Shine-On Biomedical For A Novel First-In-Class HLA-G Targeting Exosome Drug Delivery Platform

 


SINGAPORE 

(BUSINESS WIRE)--Esco Aster, a vertically integrated cell and derivatives CRDMO based at JTC LaunchPad Singapore, announced CMC manufacturing support for Shine-On Biomedical’s HLA-G targeted exosome program. Shine-On Biomedical sponsored Esco Aster in 2023 for cGMP services, starting with high-yield exosome development using Esco Aster’s cell line platform. The technical reports of process, analytical, and formulation development, exosome drug loading, GMP engineering runs, and stability studies supported Shine-On’s IND submission. The IND was cleared by the U.S. FDA in Q1 2025.


Furthermore, Esco Aster is providing technical services for exploratory exosome loading feasibility studies per Shine-On’s instruction. Shine-On Biomedical is an emerging innovator in exosome-based drug delivery.


ShineOn’s proprietary product, SOB100, a HLA-G targeted exosome drug delivery carrier, has passed the U.S. FDA IND review and ongoing Phase I study, making it as a first-in-class–potential HLA-G targeted exosome platform for drug development.


Statement From Hung-Che Chiang, General Manager of Shine-On Biomedical


“Preclinical studies have shown promising biodistribution characteristics supporting further exploration across small-molecule, nucleic acid, and protein-based payloads.”


In parallel, Esco Aster, providing Mitosis™ Enterprise Solutions to support potential future evaluation of single-use cGMP workflows at China Medical University Hospital.


This collaboration strengthens Esco Aster’s position as Singapore’s first fully homegrown CRDMO offering end-to-end engineered cancer exosome development—from cell line creation to GMP manufacturing using its patented 3D Tide Motion™ bioreactor. This technology lowers COGS by enabling multiple conditioned media harvests per run. Esco Aster also co-develops autologous cell therapy programs in ASEAN, including a T-cell reactivation platform targeting non-G12C KRAS mutation NSCLC.


Esco Aster supports Asia-Pacific innovators through biomanufacturing scale-up, market access, and commercialization across South Asia, ASEAN, and Oceania—a region valued at ~USD 10.5 trillion GDP with ~2.6 billion people. Supported by a network of medical centres and clinician-scientists, Esco Aster facilitates IIT and FIM studies, especially in Australia, where R&D incentives lower costs. The company advances its “One World BioSolutions for One Health” vision, enabling high yield at low GMP cost to strengthen Singapore’s and Asia’s bioeconomy.


© 2025 Esco Aster Pte. Ltd. and Shine-On Biomedical Co., Ltd. All rights reserved.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20251215708094/en/



Permalink

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Contacts

Esco Aster Pte. Ltd.

mail@escoaster.com

Website: https://escoaster.com/


Shine-On Biomedical Co., Ltd.

service@shineon-bio.com

Website: https://en.shineon-bio.com/


 

New Survey of Nearly 4,300 C-suite Leaders Reveals Intensifying Demand for Faster Innovation, Higher ROI and Stronger Business Resilience

LAS VEGAS - Tuesday, 16. December 2025


Executives face growing pressure to deliver AI-driven transformation while navigating rising costs, increasing risk and shortages in skilled IT talent



(BUSINESS WIRE) -- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, managed services and Agentic AI ERP innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced the findings of its new global survey, “C-suite Imperatives: Accelerating Innovation in a Shifting Landscape.” The research was conducted in partnership with Censuswide surveying nearly 4,300 CFOs, CIOs, CEOs and CISOs across the globe, examining the pressures influencing executive-level technology decisions and the priorities shaping their investment strategies.


The analysis shows executives are recalibrating their strategies around AI, automation and resilience as boards push for faster innovation and clearer business outcomes. While many organizations continue to manage shrinking budgets and heightened cybersecurity concerns, leaders also point to a widening talent gap and increasing frustration with vendor-directed ERP roadmaps that can slow transformation efforts. In fact, 97% of C-suites note that while their current ERP systems meet their business requirements for the most part, 23% of workforce time is spent maintaining existing systems.


Key Finding #1: C-suites Are Aligning Long-term Strategy Around AI and Automation


44% of leaders identify AI and automation as the top capabilities they need to support both short- and long-term IT initiatives.


Automation and AI represent the most important five-year priority for executives, with 46% of CIOs and 43% of CEOs naming these capabilities as their top imperative. While cybersecurity, compliance and cost optimization still dominate near-term initiatives, leaders report a growing focus on building a reliable foundation for intelligent operations, supported by strengthened business continuity planning and expanded skills development. More than a third (35%) of respondents say they aim to transform their organizations into data-driven businesses over this period. C-suites can benefit from spending less on costly upgrades of still high-value ERP and investing more in meaningful innovation like automation and AI.


Key Finding #2: ROI Expectations Are Rising as Executives Demand Measurable Outcomes


C-suites most often collaborate with CIOs (31%) and CEOs (27%) on IT initiatives, highlighting a need for earlier CFO involvement as ROI expectations rise.


C-suites are placing sharper scrutiny on investment results, with CIOs, CEOs and CFOs identifying benefits realization as their primary measure of ROI. Leaders expect approximately 27% of payback within the first one to two years, increasing to 37% within three to five years, and nearly half (48%) of total expected ROI beyond six years. CISOs express similar expectations but place slightly more emphasis on direct financial benefit. These findings reflect increasing pressure to prioritize technology initiatives that create lasting impact while maintaining cost predictability. While their vision for the future of ERP varies, nearly 70% of C-suite leaders don’t see traditional ERP in the mix — 33% believe Agentic ERP that is autonomous with AI-driven decision-making is the future.


“As economic and operational pressures intensify, executives are taking a far more disciplined approach to technology investment. The findings clearly show that organizations want measurable results, faster payback cycles and far more flexibility in how they allocate their budgets,” said Rimini Street CFO, Michael Perica. “A business-driven enterprise software roadmap — not one dictated by vendors — puts leaders in control of where and when they invest. This allows them to redirect resources from costly, low-ROI activities toward initiatives like agentic AI, that will improve efficiency, strengthen resilience and support long-term growth and innovation.”


Key Finding #3: Talent Shortages and System Support Demands Are Slowing Innovation


36% of C-suite leaders say skills gaps are limiting their ability to pursue growth opportunities, and 23% state that project delays are becoming a concern due to insufficient talent.


A near unanimous 98% of executives report that IT talent shortages are affecting their ability to achieve their technology vision, and 68% say the impact is significant. Although 97% say their current ERP systems largely meet business needs, limited vendor support forces internal teams to devote more time to maintenance, delaying strategic initiatives. As a result, 99% of respondents are outsourcing key IT services, particularly in cybersecurity, infrastructure and application support, to supplement internal capacity and reduce operational risk. Optimization is another way organizations can unlock greater value from their enterprise software investments and remove obstacles that delay projects and slow innovation.


Key Finding #4: C-suites Are Prioritizing Resilience Amid Rising Risk and Vendor Constraints


69% of leaders anticipate significant changes on the horizon for their ERP investments.


Every respondent (100%) indicated that business risk reduction is a top priority this year, underscoring ongoing concern about cybersecurity threats, supply chain disruptions and economic volatility. To increase business agility and resiliency, leaders are investing in business continuity planning (45%), securing alternative sourcing suppliers (45%) and augmenting their workforce (44%). Vendor lock-in remains a consistent source of frustration for 35% of C-suites, who cite forced upgrades, limited flexibility and high costs as barriers to achieving long-term technology goals.


“The traditional ERP model is being reimagined as new technologies like Agentic AI redefine expectations for speed, flexibility and intelligence,” said Rimini Street’s Global CIO, Joe Locandro. “Executives want the freedom to modernize and innovate on their own terms, breaking free from vendor-driven upgrade cycles that consume budget without delivering proportional value. By stabilizing and maximizing the ERP foundation already in place, organizations can redirect time and resources toward strategic AI-driven initiatives that generate more meaningful results.”


The full report is available for download, C-suite Imperatives: Accelerating Innovation in a Shifting Landscape.


About Rimini Street, Inc.


Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions, and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who have leveraged the Rimini Smart Path™ methodology to achieve better operational outcomes, billions of US dollars in savings and fund AI and other innovation.


To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.


Forward-Looking Statements


Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “assume,” “believe,” “continue,” “could,” “currently,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “goal,” “potential,” “predict,” “project,” “seem,” “seek,” “should,” “will,” “would” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, litigation, agreements and Court orders involving Oracle, the wind down of support services for Oracle’s PeopleSoft software products and the impact on future period revenue and costs incurred related to these efforts; changes in the business environment in which Rimini Street operates, including the impact of macro-economic trends, geopolitical tensions and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry and our intentions with respect to our pricing model; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our expectations regarding new product offerings, partnerships and alliance programs, including but not limited to our partnership with ServiceNow and our Agentic AI ERP innovation solutions; our ability to grow our revenue and accurately forecast revenue, along with the results of any efforts to manage costs to align with revenue expectations and expansion of our offerings; the expected impact of reductions in our workforce during the last and current fiscal year and associated reorganization costs; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel; our business plan and ability to grow in the future and our ability to achieve and maintain profitability; the volatility of our stock price; our need and ability to raise equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats; any deficiencies associated with artificial intelligence (AI) technologies used by us or by our third-party vendors and service providers or incorporated by us into our service offerings and/or our Agentic AI ERP innovation solutions; our ability to protect the confidential information of our employees and clients and to comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take; tariff costs, including tariff relief or the ability to mitigate tariffs, in light of new or increased tariffs imposed by the United States government and the potential for retaliatory trade measures by affected countries; a failure by us to establish adequate tax reserves; adverse developments in and costs associated with defending pending litigation or any new litigation; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our ability to maintain our good standing with the United States government and international governments, capture new contracts with governmental entities and maintain our status as an approved United States government contractor; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on October 30, 2025, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the U.S. Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.


© 2025 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.


 


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Contacts

Janet Ravin

VP, Global Communications

Rimini Street, Inc.

+1 702 285-3532

pr@riministreet.com

Sutherland and ComplyAdvantage Launch AI-Native "Unified FinCrime Compliance" Solution to Combat Sophisticated, Next Generation Financial Crime

 Riyadh, Saudi Arabia - Monday, 01. December 2025 AETOSWire Print 


The Saudi Authority for Industrial Cities and Technology Zones (MODON) has launched its distinctive investment product Motamim, aimed at strengthening industrial integration by leasing and operating production entities for small and medium enterprises (SMEs) within large existing factories in industrial cities.


This step comes as part of MODON’s efforts to support supply chains in line with the objectives of Saudi Vision 2030, which seeks to empower the industrial sector and boost the competitiveness of local industries.


Preliminary program statistics revealed that it received 345 applications, of which 119 were approved, a 34.5% acceptance rate. Total investments channeled through Motamim amounted to 664.7 million Saudi riyals (USD 177.2 million), while creating approximately 2,300 job opportunities.


The statistics also highlight the program’s appeal to foreign investors, with foreign companies making up about 30% of total beneficiaries. This trend strengthens Saudi Arabia’s position as a regional hub for attracting and localizing high-value industrial investments.


MODON applies a strict regulatory framework to the program, including contractual conditions and precise operational and spatial standards to ensure that Motamim activities align with those of the host factory.


The program covers four main areas, focusing on: increasing productivity and accelerating the manufacturing of specialized products; supporting industry and empowering entrepreneurs; enhancing supply chains; and maximizing the use of industrial assets and locations.


Motamim provides investors with a competitive advantage by reducing both capital and operational expenditures (CAPEX & OPEX).


Successful case studies have demonstrated the program’s effectiveness in key sectors such as plastics and metal industries.


The Authority oversees 40 industrial cities to serve the industrial sector and enable future industrial cities, ultimately strengthening Saudi Arabia’s position as an industrial power and a global logistics hub.



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Contacts

Moath Fawzan Alfawzan


+966503848811

Mastering Complexity & Increasing Efficiency: CES 2026: dSPACE Demonstrates Test and AI Solutions for SDV Development

  PADERBORN, Germany & LAS VEGAS - Tuesday, 16. December 2025 AETOSWire  




(BUSINESS WIRE) -- At CES 2026, dSPACE will showcase end-to-end test solutions that enable vehicle manufacturers to efficiently master the increasing complexity in the development of software-defined vehicles. At booth 4500 in West Hall, dSPACE will present a comprehensive validation portfolio with AI-supported software-in-the-loop and hardware-in-the-loop solutions for accelerated vehicle development.


AI is a strategic enabler throughout the entire development and test process. dSPACE has been exploring how the latest developments in generative and agentic AI technologies can support software-in-the-loop (SIL) testing and enable CI/CD pipelines for automated validation. In an exhibit, dSPACE will demonstrate a Visual Studio Code and GitHub Copilot solution for the automated generation of virtual ECUs for SIL tests.


SDV Development: CI/CT Pipeline Integration and Test Farm Management


Software-defined vehicles (SDVs) require significantly faster and more short-cycle development and validation. To meet these requirements, dSPACE is demonstrating a CI/CT concept demo at CES that presents a scalable, cloud-native validation approach. The demo includes a GitLab pipeline, which is highly automated and integrated with VEOS, the dSPACE SIL test software, and SCALEXIO, the dSPACE HIL test platform, enabling continuous testing over the entire development cycle.


dSPACE is presenting a HIL Farm Management Demo, designed to ensure reliable execution of these pipelines and increase test efficiency, especially in the HIL field. This transparently displays the availability and utilization of the HIL systems as well as potential system errors. The aim is to reduce system downtimes and improve the utilization of existing test resources.


From SIL to HIL: Testing E-Mobility Across the Board


To ensure efficient and cost-optimized validation throughout the entire development process in both SIL and HIL contexts, software tools, models, and test artifacts must be seamlessly integrated into all validation phases. At CES, dSPACE will use its test solutions for battery charging and battery management systems to demonstrate how test efficiency can be increased through end-to-end SIL/HIL validation if the same test cases, simulation models, bus and network configurations, and user interfaces can be reused for both methods. For example, dSPACE offers solutions for testing charging technologies and battery management systems, where all functions, including conformance tests with HIL and SIL implementations, can be demonstrated with the same layouts and test cases. Developers benefit from significantly increased efficiency, accelerated development, and higher software quality.


Product Launches: New Radar Solution, Cybersecurity Test Framework, and Cost-Effective HIL-System


With DARTS ARROW, dSPACE presents a new radar solution for functional testing of radar sensors. DARTS ARROW was specially developed for use in end-of-line tests and periodic technical inspections (PTI) of radar-based driver assistance systems. The robust and cost-effective system is suitable for validating safety-relevant driver assistance systems such as emergency braking, lane departure warning, and distance control assistants. By realistically simulating traffic scenarios under controlled conditions, sensor errors can be detected, and the functionality of safety-critical assistance systems can be ensured over the entire lifecycle.


dSPACE will also be presenting HydraVision – a scalable cybersecurity test framework for vehicle development. With an explorative approach and expandable test case templates, HydraVision enables the efficient integration of cybersecurity tests into the development process. This allows potential weak points to be identified, evaluated, and mitigated at an early stage. In this way, dSPACE supports manufacturers and suppliers in sustainably meeting the increasing safety requirements in the automotive industry.


The new SCALEXIO Essential system is an extension of the scalable dSPACE SCALEXIO real-time platform for hardware-in-the-loop testing. The system is designed for the development and validation of classic edge ECUs, particularly for mechatronic applications in the automotive, agricultural machinery, and construction machinery industries, and rounds off the HIL portfolio. SCALEXIO Essential comes with a fully-fledged software package. This means that the cost-efficient system is ready for immediate use.


dSPACE will be presenting its solutions at CES 2026 from January 6 to 9 in the Las Vegas Convention Center West Hall at booth 4500.


About dSPACE


dSPACE is the world's leading provider of simulation and validation solutions for developing connected, autonomous, and electrically powered vehicles. The company's end-to-end solutions are used in particular by automotive manufacturers and their suppliers to test the software and hardware components of their new vehicles long before a new model hits the road. dSPACE is not only a sought-after partner in vehicle development, but engineers also rely on our know-how in the fields of aerospace, agriculture, and industrial automation. Our portfolio ranges from end-to-end simulation and validation solutions to engineering and consulting services, training, and support. With over 2,900 employees worldwide, dSPACE has offices in Paderborn, Germany, four project centers in Germany, and serves customers through its regional companies in the USA, the UK, France, Japan, China, Croatia, South Korea, India, Sweden and Italy.


 


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Contacts

dSPACE GmbH

Bernd Schäfers-Maiwald

Vice President, Corporate Marketing & Communications

Rathenaustrasse 26

33102 Paderborn

Tel.: +49 5251 1638-714

E-mail: bschaefers-maiwald@dspace.de


dSPACE GmbH

Ulrich Nolte

Communications Manager, Corporate Marketing & Communications

Rathenaustrasse 26

33102 Paderborn

Tel.: +49-5251-1638--1448

E-mail: unolte@dspace.de


dSPACE Inc--USA

Lisa Kuehl

Sr. Manager Marketing and Communications

50131 Pontiac Trail

Wixom, Michigan, 48393

E-mail: lkuehl@dspaceinc.com


press@dspace.de

Winston & Strawn and Taylor Wessing UK to Combine, Creating a Premier Transatlantic Law Firm

CHICAGO & LONDON - Monday, 15. December 2025

Winston Taylor to build on shared vision and culture in establishing a transatlantic powerhouse for major litigation, critical transactions, strategic IP, and private wealth

(BUSINESS WIRE) -- Winston & Strawn and Taylor Wessing’s UK-led business announced today their intention to combine, creating a premier transatlantic law firm that would operate under a new shared name, Winston Taylor. The combination responds to increasing client demand for seamlessly integrated US–UK–EU counsel for the businesses, people, and markets driving capital and innovation.

The combination once final will unite two international firms with more than 400 years of combined history, complementary strengths, and a common vision to meet clients’ evolving global needs. The combined firm will include more than 1,400 lawyers, establishing one of the largest transatlantic firms whose footprint is primarily in the United States, the United Kingdom, and Europe, and also in Latin America and the Middle East.

Leveraging significant strength and scale in major litigation, critical transactions, strategic IP, and private wealth, Winston Taylor will deliver best-in-class client service across key sectors including technology, life sciences, and financial services. Clients will gain a unified team with end-to-end capabilities across jurisdictions to achieve their business objectives in the breakthrough moments across their lifecycle.

“Once combined, we will have a London-headquartered partner that fulfills our long-held ambition to grow in the UK, while preserving the culture, agility, focus, and relentless client service that define Winston & Strawn,” said Steve D’Amore, Chairman of Winston & Strawn, who will continue as Chairman of the combined firm. “This combination will establish an elite practice in the major commercial centers important to our clients. Winston Taylor will be positioned to lead on the most sophisticated litigation and transactions in the world’s most defining industries.”

"In Winston & Strawn, Taylor Wessing UK will have a US partner that shares our vision, our values, and culture, and absolute focus on the highest levels of client service," said Shane Gleghorn, Managing Partner of Taylor Wessing UK, who will serve as Managing Partner of Europe and Middle East for Winston Taylor and will become a member of its Executive Committee. "By combining Winston & Strawn’s strength in the major hubs across the United States with our coverage of the key centers of London, Europe, and the Middle East we will have created a firm with the highest level of transatlantic capabilities in key practices and sectors."

Winston Taylor, once formed, will bring together two firms with aligned practices, shared clients, and cultures rooted in innovation and exceptional client service. The combined firm’s expanded corporate, private equity, real estate, finance, antitrust, regulatory, and private wealth capabilities will provide clients with end-to-end global business strategy and support. In addition, the combination of Taylor Wessing UK’s Tier 1 UK–EU holistic IP practice with Winston & Strawn’s premier U.S. intellectual property litigation practice will establish a market-leading transatlantic IP platform.

As part of the combination, Taylor Wessing the Netherlands and Belgium will enter into an agreement with Winston Taylor to operate under the Winston Taylor brand.

Completion of the combination is expected in May 2026, subject to approvals and a vote of the partners in each firm. Until then, they will operate as separate firms in the normal course. Upon closing, Taylor Wessing UK and Taylor Wessing the Netherlands and Belgium would depart the Taylor Wessing verein and Winston Taylor would seek to have a cooperation and referral relationship with the Taylor Wessing verein to provide continuity of support to clients.

Notes to editors

The combined business will have 20 offices in Amsterdam, Brussels, Cambridge, Charlotte, Chicago, Dallas, Dubai, Dublin, Eindhoven, Houston, Liverpool, London, Los Angeles, Miami, New York, Paris, San Francisco, São Paulo, Silicon Valley, and Washington DC.

For more information, visit www.winstontaylor.com.

About Winston & Strawn
Founded in 1853, Winston & Strawn is an Am Law 50 firm with ~1,000 lawyers across 14 offices worldwide. The firm is recognized for its leadership in litigation, intellectual property, corporate and finance transactions, and regulatory work across major sectors, including technology, life sciences, and financial services.

About Taylor Wessing UK
Founded in 1782, Taylor Wessing UK is a Top 20 UK law firm with over 450 lawyers in the UK, Ireland and the Middle East. The firm is renowned for its Tier 1 intellectual property, life sciences, technology, and private wealth practices, advising clients ranging from global corporations to leading innovators and investors.

About Taylor Wessing the Netherlands and Belgium
Taylor Wessing the Netherlands and Belgium brings together its Amsterdam, Eindhoven, and Brussels offices into a fully integrated Benelux practice, with over 100 lawyers and civil-law notaries advising high-growth technology and life sciences companies, multinational corporates, and investors on corporate transactions, intellectual property, disputes, and regulatory matters.

 

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WinstonTaylor@infiniteglobal.com

Align Partners Sends Second Public Shareholder Letter to Coway, Urging Announcement of Revised Value-up Plan by January 30, 2026

  • Align identifies an inefficient capital structure and a sharp contraction in shareholder returns as core drivers of Coway’s undervaluation

• The letter outlines seven key measures to strengthen capital allocation and governance

• Align urges Coway to announce a more concrete and enhanced Value-up Plan by January 30, 2026

 

(BUSINESS WIRE) -- Align Partners Capital Management Inc. (“Align Partners”), a shareholder of Coway Co., Ltd. (“Coway”) since 2023 holding more than 4% of the Company’s outstanding shares through funds it manages or advises, announced that it has sent a second public shareholder letter to Coway’s Board of Directors. The letter calls for measures to address the company’s chronic undervaluation and enhance shareholder value. Align Partners has requested that Coway announce a revised corporate Value-up Plan reflecting these proposals by January 30, 2026.

In the letter, Align Partners assessed Coway’s February 2025 plan as insufficient to address Coway’s persistent undervaluation and urged the Board to incorporate seven measures: (1) clear mid-to-long-term valuation and ROE targets with execution plans; (2) clarified and strengthened target capital structure policy; (3) updated shareholder return policy reflecting both the target capital structure policy and new dividend income tax separation regime; (4) enhanced investor relations disclosures; (5) board independence reforms; (6) measures to address conflicts of interest between controlling and minority shareholders; and (7) stronger alignment between executive compensation and share price performance.

Despite Coway’s strong operating performance and leading market position, the Company’s valuation remains meaningfully below historical levels. Align Partners attributes this undervaluation primarily to an inefficient capital structure and reduced shareholder returns following Netmarble’s acquisition. Align Partners also noted that Coway has financed finance lease driven working capital growth largely through retained earnings accumulated by scaling back shareholder returns, rather than through lower-cost debt. These capital allocation decisions, according to Align Partners, reflect deeper structural governance issues, including insufficient board independence.

Changhwan Lee, CEO of Align Partners, stated that the second public shareholder letter is intended to encourage Coway to establish a structural framework that enables a return to normalized valuation levels and supports sustainable long-term growth.


More information is available at www.alignpartnerscap.com


About Align Partners

Align Partners is a Korea-focused investment firm led by CEO Changhwan Lee, leveraging private equity and investment banking expertise to drive sustainable growth and address the “Korea discount.”


https://www.alignpartnerscap.com/en/


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Wooseok Choi

coway_valueup@alignpartnerscap.com

+82-2-6956-8033

Monday, December 15, 2025

Applications now open for the 5th cycle of the Mohammed bin Rashid Al Maktoum Global Water Award

 HE Saeed Mohammed Al Tayer, Chairman of the Board of Trustees of the UAE Water Aid Foundation (Suqia UAE), announced the opening of applications for the 5th cycle of the Mohammed bin Rashid Al Maktoum Global Water Award, offering USD 1 million in prizes. The award seeks to inspire innovative, clean energy–powered solutions for water production, distribution, storage, desalination and purification, supporting global sustainability efforts.


“Since its establishment, Suqia UAE, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has provided clean water to nearly 15 million people in 37 countries worldwide through sustainable development and humanitarian projects. Additionally, Suqia UAE, under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives and through the Mohammed bin Rashid Al Maktoum Global Water Award, continues to motivate innovators and researchers around the world to develop practical and sustainable solutions to address the water scarcity crisis, which remains one of the most prominent humanitarian and development challenges. UN reports indicate that about 2.2 billion people worldwide still lack access to safely managed drinking water services and that around 10% of the global population lives in countries experiencing high or critical water stress,” said Al Tayer.


“I urge universities, research centres, companies, organisations, and innovators worldwide to participate so that, together, we can help provide clean water to communities most in need,” added Al Tayer.


Mohammed Al Shamsi, Acting Executive Director of Suqia UAE, said the award has received hundreds of applications over four cycles, recognising 43 innovators from 26 countries for pioneering, affordable and sustainable water technologies.


Prizes totalling USD 1 million


The award comprises four main categories: the Innovative Projects Award, which includes the Large Projects Award and the Small Projects Award; the Innovative Research and Development Award, which includes the National Institutions Award and the International Institutions Award; the Innovative Individual Award, which includes the Distinguished Researcher Award and the Youth Award; and the Innovative Crisis Solutions Award.


Applications are open until 30 April 2026 via www.mbrwateraward.ae/awards. Inquiries can be sent to award@suqia.ae.



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Shaikha Almheiri , +971552288228

Mohammed Ben Sulayem Re-Elected as President of the FIA

 (BUSINESS WIRE) -- The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, today confirms that Mohammed Ben Sulayem has been re-elected as President of the FIA, following the election of his Presidential List by the General Assembly in Tashkent, Republic of Uzbekistan.


President Mohammed Ben Sulayem now begins his second four-year term, having overseen a period of significant renewal and stabilisation for the organisation since his initial election in 2021.


Over the past four years, the FIA has undergone a wide-ranging transformation, improving governance, operations and restoring the financial health of the federation. These changes have strengthened the FIA’s position as the world’s governing body for motorsport and the leading authority on safe, sustainable, and affordable mobility.


Under Mohammed Ben Sulayem’s leadership the FIA has reversed a €-24.0m loss in 2021 to a robust operating result of €4.7m in 2024, the strongest financial result the federation has seen in almost 10 years. Today at the FIA Annual General Assemblies, the FIA announced a 2025 operating result forecast of €4.4m, showing continued momentum and sustained financial improvement. This renewed stability has enabled increased long-term investment in Member Clubs and strategic programmes worldwide.


Underpinning this momentum is wider institutional reform over the last four years, with strengthened budgetary discipline, enhanced external audit processes and modernised governance structures, resulting in greater transparency, accountability and professional standards across the organisation.


In addition to these reforms, the FIA has established a commercial function and strengthened its global institutional identity across both motorsport and mobility, expanding regional development activity, supporting grassroots participation, and deepening engagement with international partners on safety, sustainable mobility and the future of transport.


President Mohammed Ben Sulayem said: “Thank you to all our FIA Members for voting in remarkable numbers and placing your trust in me once again. We have overcome many obstacles but here today, together, we are stronger than ever.


“It is truly an honour to be FIA President, and I am committed to continuing to deliver for the FIA, for motorsport, for mobility, and for our Member Clubs in every region around the world.”


The election was conducted in line with the FIA’s statutes through a robust and transparent voting process, reflecting the democratic foundations of the federation and the collective voice of its global membership.


ENDS


About the FIA:


The Fédération Internationale de l’Automobile (FIA) is the governing body for world motor sport and the federation for mobility organisations globally. It is a non-profit organisation committed to driving innovation and championing safety, sustainability and equality across motor sport and mobility.


Founded in 1904, with offices in Paris, London and Geneva, the FIA brings together 245 Member Organisations across five continents, representing millions of road users, motor sport professionals and volunteers. It develops and enforces regulations for motor sport, including seven FIA World Championships, to ensure worldwide competitions are safe and fair for all.


About Mohammed Ben Sulayem:


Mohammed Ben Sulayem, 64, from United Arab Emirates, is a fourteen-time FIA Middle East Rally Champion, winning 61 international events as a driver between 1983-2002. Prior to his first term as FIA President, of which he is the first non-European to be elected, he was FIA Vice President for Sport and Member of the World Motor Sport Council, a Founding Member of ACTAC, Chair of ACTAC, and Vice President for Automobile Mobility and Tourism.


He has been the President of the FIA since 2021 and founded the United Against Online Abuse Campaign in 2023.


 


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Contacts

For media enquiries, please contact:


Sophia Martin-Pavlou, Director of Corporate Communications – smartin-pavlou@fia.com

Geraldine Sherwin, Director of Presidential and Mobility Communications – gsherwin@fia.com

Sunday, December 14, 2025

FIA, Formula 1 Group and All 11 Race Teams Officially Sign the Ninth Concorde Agreement, Securing Strength and Stability for the Sport in Pivotal Five-Year Agreement

 PARIS - 

Multi-year Concorde Governance Agreement signed by the FIA, Formula 1 Group and all 11 teams, securing the World Championship through 2030

Paves the way for a more professionalised sport and represents a new era of collaboration between the FIA and Formula 1 Group

Long-term commitment enhances sporting reliability, global reach and stability for teams, fans and broadcasters

 


(BUSINESS WIRE)--The Fédération Internationale de l'Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, and Formula 1 Group, the Commercial Rights Holder, have today announced the signing of the Concorde Governance Agreement, a crucial contract defining the regulatory framework and governance terms of the FIA Formula One World Championship until 2030. This follows the announcement in March that the 2026 Commercial Concorde Agreement had been signed by all the teams and Formula 1 Group. Together, these agreements constitute the ninth Concorde Agreement, representing a major step forward in the professionalisation and global development of the sport.


First introduced in 1981, the Concorde Agreements are designed to promote sporting fairness, technological innovation and operational excellence, and align all key stakeholders around a shared vision for structured governance and continued growth of the sport. Each iteration of the Concorde Agreements has shaped the FIA Formula One World Championship into the global spectacle it is today.


The ninth Concorde Agreement announced today marks the beginning of a new era of collaboration between the FIA and Formula 1 Group, who have worked together to write the next chapter in Formula 1 history, demonstrating mutual respect, transparency and shared purpose between the two organisations. It confirms the participation of all FIA Formula One World Championship teams, including the incoming Cadillac Formula 1 team, through the end of the decade, and provides a stable foundation for the sporting and technical evolution of the sport.


The Concorde Agreement underscores the commitment of the FIA, Formula 1 Group and all teams to continue growing and developing the sport, and to keep driving the momentous expansion it has seen in recent years. The new contract enables the FIA to invest further in improved race regulation, race direction, stewarding and technical expertise for the benefit of the Championship, and means the sport can continue to evolve, providing exciting technological innovation and sporting action for fans, broadcasters and partners, all within a stable and structured regulatory framework. Combined with record viewership growth, a dynamic race calendar, and increasing engagement from younger audiences, the FIA Formula One World Championship enters this next chapter with unprecedented momentum.


Mohammed Ben Sulayem, President of the FIA, said:


“The ninth Concorde Agreement secures the FIA Formula One World Championship’s long-term future and I am proud of the dedication that has been invested in this process. I would like to thank Stefano Domenicali and his team in what has been a strong collaboration, building a framework grounded in fairness, stability, and shared ambition. This agreement allows us to continue modernising our regulatory, technological, and operational capabilities, including supporting our race directors, officials, and the thousands of volunteers whose expertise underpin every race. We are ensuring that Formula 1 remains at the forefront of technological innovation, setting new standards in global sport.”


Stefano Domenicali, President and CEO of Formula 1 Group, said:


“Today is an important day for Formula 1. As we celebrate seventy-five years of this incredible sport, we are proud to write the next chapter in our long and amazing history. This agreement ensures that Formula 1 is in the best possible position to continue to grow around the world. I want to thank the President of the FIA, Mohammed Ben Sulayem and all the teams for the collaboration and determination to achieve the best results for the entire sport in our discussions. We have a huge amount to be proud of, but we also are focussed on the opportunities and exciting potential for Formula 1 in the years ahead.”


The Fédération Internationale de l'Automobile (FIA) is the governing body for world motor sport and the federation for mobility organisations globally. It is a non-profit organisation committed to driving innovation and championing safety, sustainability and equality across motor sport and mobility.


Founded in 1904, with offices in Paris, London and Geneva, the FIA brings together 245 Member Organisations across five continents, representing millions of road users, motor sport professionals and volunteers. It develops and enforces regulations for motor sport, including seven FIA World Championships, to ensure worldwide competitions are safe and fair for all.


 


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Contacts

For media enquiries please contact:

Jonathan Refoy, FIA Chief Communications Officer – jrefoy@fia.com

Cameron Kelleher, FIA Sport Communications Senior Director | Head of Formula 1 Communications – ckelleher@fia.com

Sophia Martin-Pavlou, FIA Corporate Communications Director – smartin-pavlou@fia.com

Kioxia Develops Core Technology that Will Allow the Practical Implementation of High-density, Low-power 3D DRAM

 TOKYO - Friday, 12. December 2025 AETOSWire Print 


Showcase the technology of highly stackable oxide-semiconductor channel transistors


(BUSINESS WIRE)--Kioxia Corporation, a world leader in memory solutions, today announced the development of highly stackable oxide-semiconductor channel transistors that will enable the practical implementation of high-density, low-power 3D DRAM. This technology was presented at the IEEE International Electron Devices Meeting (IEDM) held in San Francisco, USA, on December 10, and has the potential to reduce power consumption across a wide range of applications, including AI servers and IoT components.


In the era of AI, there is growing demand for DRAM with larger capacity and lower power consumption that can process large amounts of data. Traditional DRAM technology is reaching the physical limits of memory cell size scaling, prompting research into the 3D stacking of memory cells to provide additional capacity. The use of single-crystal silicon as the channel material for transistors in stacked memory cells, as is the case with conventional DRAM, drives up manufacturing costs, and the power required to refresh the memory cells increases proportionally to the memory capacity.


At last year’s IEDM, we announced the development of Oxide-Semiconductor Channel Transistor DRAM (OCTRAM) technology that uses vertical transistors made of oxide-semiconductors. In this year's presentation, we showcased technology of highly stackable oxide-semiconductor channel transistors allowing 3D stacking of OCTRAM, verifying the operation of transistors stacked in eight layers.


This new technology stacks mature silicon-oxide and silicon-nitride films and replaces the silicon-nitride region with an oxide-semiconductor (InGaZnO) to simultaneously form vertical layers of horizontally-stacked transistors. We have also introduced a novel 3D memory cell structure capable of scaling the vertical pitch. These manufacturing processes and structures are expected to overcome the cost challenges of achieving 3D stacking of memory cells.


Additionally, it is expected that the refresh power can be reduced thanks to the low off-current characteristics of oxide-semiconductors. We have demonstrated high on-current (more than 30μA) and ultra-low off-current (less than 1aA, 10^-18A) capabilities for the horizontal transistors formed by the replacement process. Moreover, we have successfully fabricated an 8-layer stack of horizontal transistors and confirmed the successful operation of the transistors within that structure.


At Kioxia Corporation we will continue our research and development of this technology in order to realize the deployment of 3D DRAM in real-world applications.


* This announcement has been prepared to provide information on our business and does not constitute or form part of an offer or invitation to sell or a solicitation of an offer to buy or subscribe for or otherwise acquire any securities in any jurisdiction or an inducement to engage in investment activity nor shall it form the basis of or be relied on in connection with any contract thereof.


* Information in this document, including product prices and specifications, content of services and contact information, is correct on the date of the announcement but is subject to change without prior notice.


About Kioxia


Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with “memory” by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, automotive systems, data centers and generative AI systems.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20251211322385/en/



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Contacts

Contacts

Kota Yamaji

Public Relations

Kioxia Corporation

+81-3-6478-2319

kioxia-hd-pr@kioxia.com