MENA – Page 78 – Daily Balochistan Times

February 28, 2025

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Venture Global, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – VG

NEW YORK, Feb. 28, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of stock of Venture Global, Inc. (NYSE: VG) pursuant and/or traceable to Venture Global’s registration statement for the initial public offering conducted on or about January 24, 2025 (the “IPO”), of the important April 18, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Venture Global stock you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Venture Global class action, go to https://rosenlegal.com/submit-form/?case_id=35218 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 18, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants touted its innovative and disruptive approach, which they stated is both scalable and repeatable, allowing Venture Global to bring liquified natural gas (“LNG”) to the global market years faster and at a lower cost. Defendants further discussed the development of Venture Global’s five natural gas liquefaction and export projects near the Gulf of Mexico in Louisiana, utilizing their unique “design one, build many” approach. Therefore, the IPO represented to the public that Venture Global had the customer backing to implement its projects, allowing for Venture Global to deliver LNG to the world. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Venture Global class action, go to https://rosenlegal.com/submit-form/?case_id=35218 call Phillip Kim, Esq. toll-free at 866-767-3653, or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9386882

February 28, 2025

Hong Kong’s 2025-26 Budget Advances Innovation and Technology

HONG KONG SAR – Media OutReach Newswire – 28 February 2025 – Driving innovation and technology was a key focus of Hong Kong SAR’s Financial Secretary Paul Chan’s 2025-26 Budget. Identifying Artificial Intelligence (AI) as being at its core, Mr Chan said Hong Kong would leverage its competitive edge under the “one country, two systems” principle to become an international exchange and co-operation hub for the AI industry.

The HKSAR Government will promote Hong Kong as an international exchange and co-operation hub for the AI industry.

“Through frontier research and real-world application, we will endeavour to develop AI as a core industry and empower traditional industries in their upgrading and transformation,” he said.

Financial Support

As the latest effort, the Financial Secretary set aside HK$1 billion for the establishment of the Hong Kong AI Research and Development Institute, to spearhead and support Hong Kong’s innovative R&D as well as industrial application of AI.

In terms of fund-raising for tech enterprises, the Hong Kong Exchanges and Clearing Limited is taking forward the establishment of a dedicated “technology enterprises channel” (TECH) to facilitate the relevant companies in preparing for listing applications, Mr Chan said.

To foster smart manufacturing, the Financial Secretary set aside HK$100 million for the planned launch of the two-year Pilot Manufacturing and Production Line Upgrade Support Scheme (Manufacturing+) this year. Under Manufacturing+, the Government would provide funding of up to HK$250,000 each on a one-to-two matching basis to enterprises operating production lines in Hong Kong to support their formulation of smart production strategies and introduction of advanced technologies into existing production lines.

Cultivating new high-tech outcomes to tackle economic challenges is a key focus of Hong Kong’s 2025-26 Budget.

Fostering Frontier Research

Mr Chan said the Hong Kong Space Robotics and Energy Centre, set up under the InnoHK Research Clusters, is aiming to develop a multi‑functional lunar surface operation robot, which will contribute to the country’s Chang’E‑8 mission.

The Government has also started preparatory work for the establishment of the third InnoHK research cluster, which will focus on advanced manufacturing, materials, energy and sustainable development.

International Exchange and Co-operation Hub

To promote international exchange and co-operation on AI, Mr Chan revealed several high-level events to be hosted in Hong Kong.

The Hong Kong Investment Corporation (HKIC) will host the first International Conference on Embodied AI Robot, gathering top‑notch technology enterprises, academic institutions and investors to showcase the latest R&D outcomes and application scenarios.

To bring together top talents in the industry to study the development and application of AI, the HKIC will also host the first International Young Scientist Forum on Artificial Intelligence, promoting research of AI technology and its development as an industry.

Other pro-innovation initiatives

Meanwhile, the interdepartmental Working Group on Developing Low‑altitude Economy, established at the end of last year, is examining the applications for the first batch of Regulatory Sandbox pilot projects, with a view to expanding the scope of low‑altitude flying activities. The Government is also reviewing civil aviation legislation to enhance the regulatory regime in support of long-term development of the low‑altitude economy.

At the same time, with Low Earth Orbit satellites being a new trend in global satellite development, Mr Chan said the Government was exploring a set of streamlined procedures for vetting licence applications for operating Low Earth Orbit satellites.

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February 28, 2025

MWC 2025: Innovations to increase engagement and efficiency in telecom business

Gamification and reward systems for users

BARCELONA, Spain, Feb. 28, 2025 (GLOBE NEWSWIRE) — In the highly competitive telecom and service provider markets worldwide, companies face equally complex challenges: attracting new customers, retaining existing ones, and increasing their engagement. Innovative solutions, such as gamification and reward systems, are becoming powerful tools to achieve these goals, allowing companies not only to maintain customer interest but also to significantly improve their loyalty. In this context, at MWC 2025 in Barcelona, QazCode will present its solutions designed to help overcome these challenges across different markets.

Excited to be exhibiting at MWC25 Barcelona

Gamification as an easy way to increase loyalty

The global gamification market is growing rapidly, from $9.1 billion in 2020 to a projected $30.7 billion in 2025. Already, 70% of Global 2000 companies are using game elements to engage customers. In addition, data shows that products with thoughtful interaction design retain customers three times better than those using basic gamification.

Gamification can increase user engagement by 25% or more and build the habit of using services regularly, which also helps to reduce customer churn and increase customer loyalty. As a result, companies can increase profitability and improve their position in competitive markets.

Real case study: how gamification helps businesses grow

QazCode, one of the leaders in developing solutions for the telecom and IT sectors, has demonstrated successful examples of gamification implementation in CIS countries. For example, in Kazakhstan, the introduction of gamification in the “Janymda” superapp (formerly “My Beeline”) made games the second most popular domain after telecom services, and every fifth user became an active gamer. Gamification not only helps attract and retain users but also positively influences their perception of the brand, driving both direct and indirect revenue growth. It is important to note that user retention among those who actively engage with games and rewards is 25% higher than among those who do not use these features.

To make the games engaging and profitable, QazCode established its own game development team, which created its own gaming platform, portfolio, and services. However, in other markets such as Ukraine and Kyrgyzstan, companies had to tailor their offerings, including games, to better suit local cultural differences, user behaviour, and market trends.

Another opportunity that gamification offers businesses is the rewards system. The decline in conversion rates of traditional communication channels, alongside the growing product portfolio of service providers, necessitates the search for new, effective methods to raise awareness among the audience about products and services, as well as attract and retain customers.

By completing various tasks, users can strengthen their emotional connection with the brand, earning bonuses or achievements. For example, in the case of the “Janymda” superapp in Kazakhstan, the rewards system helped organically boost user engagement and increased revenue per user by 7%, directly impacting the company’s financial performance and customer satisfaction.

“Our experience working with various regions of the CIS has given us a clear understanding of how important it is to consider the cultural and economic characteristics of users when implementing gamification and reward systems. We are confident that our solutions can be adapted to meet the needs and requirements of other markets. For example, more complex user interaction systems may be in demand in Western markets, while in the Middle East, the focus may be on specific values and habits. We are ready to offer flexible solutions that can meet the needs of clients in any market,”- commented Alexey Sharavar, CEO of QazCode.

The company has successful experience working in Central Asia, Europe, and the Middle East, and continues to actively expand its presence in international markets. Participation in MWC 2025 in Barcelona (stand 6F12) will provide a unique opportunity for knowledge exchange and discussions on advanced technologies in the field of gamification and reward systems.

About QazCode
QazCode is an IT company and exclusive digital partner of Beeline Kazakhstan. The company is part of the VEON group listed on the NASDAQ stock exchanges.
The company has over 750 employees with 8 years of experience in software development for the telecom and IT markets with a deep understanding of business and technology. The solution portfolio includes the development of private Large Language Models (LLM) with a focus on data security, game development, and reward systems, process optimization through Agile methodologies, full-cycle implementation of Business Support Systems (BSS), and IT outsourcing for effective product development, team expansion, and project management to help accelerate time to market.

About VEON
VEON is a digital operator providing converged communications and digital services to nearly 160 million customers. Operating in six countries with over 7% of the world’s population – Pakistan, Ukraine, Bangladesh, Kazakhstan, Uzbekistan, and Kyrgyzstan – VEON transforms people’s lives through technology services that empower people and drive economic growth. VEON is headquartered in Dubai.

Madina Turlybekova
Corporate Communications Department
QazCode
+7 700 999 55 13

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/bcac1d34-80f3-4d80-99f9-aebf9826b52b

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GlobeNewswire Distribution ID 1001051185

February 28, 2025

Bitget Spreads Kindness This Ramadan by Providing 100,000 Meals to Those in Need

Bitget Spreads Kindness This Ramadan by Providing 100,000 Meals to Those in Need

VICTORIA, Seychelles, Feb. 28, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is partnering with world-renowned humanitarian organizations, including the UN Refugee Agency, UN World Food Programme, ShareTheMeal, and the One Billion Meals Endowment, to distribute up to 100,000 meals to individuals in need during Ramadan. This initiative targets vulnerable communities in regions facing significant challenges, aiming to alleviate hunger during the holy month.

Each meal will support families and individuals during the holy month. The effort is strengthened by contributions from the Bitget community, emphasizing collective action and compassion. To achieve the fundraising target, Bitget has introduced initiatives encouraging participation from users, VIP clients, and influencer partners.

Bitget will first pledge 10,000 meals to the people in need, followed by a series of Iftar dinners in key locations, including Dubai and Istanbul, fostering unity and philanthropy. Attendees can contribute through donations, with Bitget matching each dollar raised. Exclusive auctions featuring memorabilia from partnerships with La Liga will also contribute to the fundraising, and Bitget will direct all proceeds toward the cause. 100% of the proceeds will go towards the fundraiser.

“Ramadan is a time for generosity and unity,” said Vugar Usi Zade, COO of Bitget. “By leveraging our global network, we aim to create a meaningful impact in communities facing adversity. This initiative demonstrates kindness from the crypto space and aligns with our mission to drive positive change through collaborative efforts.”

The campaign, featuring the 10,000-meal pledge from Bitget, donation matching, and exclusive auctions, will be supported by local teams organizing community engagement events. It is set to launch on the first day of Ramadan, in alignment with the Islamic calendar.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a48343fc-044d-45ce-afe2-a4ff26395657

GlobeNewswire Distribution ID 1001051168

February 28, 2025

MWC 2025: AI solutions that change business and improve customer experience

BARCELONA, Spain, Feb. 28, 2025 (GLOBE NEWSWIRE) — Imagine your business operating at peak efficiency. Data is processed instantly, customer queries are resolved in seconds, and routine processes are automated. This is not a fantasy, but a reality that QazCode creates. At the Mobile World Congress in Barcelona, March 3-6, the company will demonstrate how advanced AI solutions are helping businesses and organizations achieve leadership in their industries.

Mobile World Congress (MWC)

How Kazakhstan is leading the AI race: Breakthrough technologies at MWC 2025

In recent years, Kazakhstan has been actively developing its technology infrastructure, which has contributed to the growth of innovative companies and attracted investment in AI and other advanced technologies. The International Monetary Fund ranked Kazakhstan in the top 50 countries for AI readiness in 2023, ahead of all Central Asian countries.

Kazakhstan’s high position in the rating was the result of comprehensive efforts to develop the digital ecosystem, and QazCode‘s participation at MWC was another confirmation of the country’s success.

“Kazakhstan strives to be on par with the world leaders in digitalization by actively developing infrastructure, IT and human capital. We are pleased to present our achievements on the international platform of MWC, where we have the opportunity to demonstrate how our technologies help businesses optimize processes and reach new heights. It is also a great chance to build partnerships with industry leaders and share experiences to further develop the technology ecosystem in the regions,” said Oleksii Sharavar, CEO at QazCode.

The KAZ-LLM Big Language Model: a breakthrough in localized technology

One of the company’s significant projects was the development of the first national language model KAZ-LLM. The model was created in partnership with the Institute of Smart Systems and AI (ISSAI NU) and Astana Hub, under the coordination of the Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan. The project aims to bridge the gap for underrepresented language groups, making technology accessible to all.

Moreover, KAZ-LLM has already gained international recognition—it won the GSMA Foundry Excellence Award 2025 in the Artificial Intelligence category, confirming its high quality and importance for technological advancement.

The model, based on 150 billion tokens, covers Kazakh, Russian, English and Turkish and is considered a local version of GPT. The support of the computing power of 8 DGX H100 volume allowed to accelerate the learning process and analyze massive data sets in seconds.

The national model enables businesses to develop chatbots, customer support systems, automate document flow, and analyze data. For example, local banks will be able to speed up the processing of requests in the local language, and retailers will be able to improve the user experience by incorporating the model into their processes. Educational and scientific institutions will be able to create applications for teaching the local language.

QazCode collaborates with leading international organizations such as GSMA Foundry and Barcelona Supercomputing Center to share experiences and implement global best practices in AI.

Also in the summer of 2024, QazCode announced the creation of Central Asia’s first GPU cloud for the development of AI products based on NVIDIA technology.

AI as a tool for transformation

According to recent data, 98.4% of companies worldwide have increased their investment in AI, and 90.5% consider it a key element of their strategies. This emphasizes the importance of AI for business goals and competitiveness. MWC 2025 will display solutions that help solve business challenges and simplify people’s daily lives using advanced technologies:

AI RAG Powered Chatbots and intelligent agents: These solutions combine a powerful search model with generative GPT and instantly analyze text and visual data, helping companies process large volumes of information with precision. For example, customer queries that previously took hours to resolve are now resolved in seconds. Query time is reduced by 85%, which can directly affect ROI.
AI Tutor is a system that helps students and pupils improve their knowledge by automatically generating lessons and tests on specific subjects. Support for multiple languages, including Kazakh, Turkish, English, and Russian, allows the solution to be customized to meet the needs of different users. AI Tutor will be showcased at MWC 2025, demonstrating how AI can make learning more accessible, efficient and open new horizons for the educational process.

In addition, QazCode solutions are designed to meet the needs of businesses of all sizes and cultural sensitivities in every region of the world. They are suitable for both SMEs and large corporations, providing flexibility and scalability.

booth 6F12

MWC 2025 (booth 6F12) will display how AI solutions can transform your business.

About QazCode

QazCode is an IT company and exclusive digital partner of Beeline Kazakhstan. The company is part of the VEON group listed on the NASDAQ and Euronext stock exchanges. The company has over 750 employees with 8 years of experience in software development for the telecom and IT markets with a deep understanding of business and technology. The solution portfolio includes the development of private Large Language Models (LLM) with a focus on data security, process optimization through Agile methodologies, full-cycle implementation of Business Support Systems (BSS), and IT outsourcing for effective product development, team expansion, and project management to help accelerate time to market. The company already operates in Central Asia, Europe, and the Middle East, and is actively expanding its presence in new markets.

About VEON
VEON is a digital operator providing converged communications and digital services to nearly 160 million customers. Operating in six countries with over 7% of the world’s population – Pakistan, Ukraine, Bangladesh, Kazakhstan, Uzbekistan and Kyrgyzstan – VEON transforms people’s lives through technology services that empower people and drive economic growth. VEON is headquartered in Dubai.

Madina Turlybekova
Corporate Communications Department
Beeline Kazakhstan
QazCode
+7 700 999 55 13

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/890b9f59-e7a5-490a-a7c7-48c70c7df24b
https://www.globenewswire.com/NewsRoom/AttachmentNg/fd19b588-1a2f-4ae8-a350-a50d90584337

GlobeNewswire Distribution ID 1001051079

February 28, 2025

Bombardier Celebrates Milestone Challenger 3500 Aircraft Delivery, the 1,000th Bombardier Super-Midsize Business Jet to Take to the Skies

Bombardier Challenger 3500 aircraft

Bombardier Celebrates Milestone Challenger 3500 Aircraft Delivery, the 1,000th Bombardier Super-Midsize Business Jet to Take to the Skies

The milestone delivery took place with customer JM Family Entreprises, who received the ceremonial key to their aircraft at Bombardier’s Challenger delivery centre
More than 700 Bombardier employees and invitees gathered to celebrate this milestone, emphasizing the exceptional talent and expertise that contributed to the historic success of Bombardier’s line of super-midsize aircraft
The Challenger 3500 aircraft continues to set the standard in its category with its industry-leading performance and operational efficiency, as well as its expertly designed cabin

MONTRÉAL, Feb. 27, 2025 (GLOBE NEWSWIRE) — Bombardier is proud to announce the delivery of its 1,000^th super-midsize aircraft, marking a significant milestone in the history of business aviation. This landmark achievement was celebrated with the delivery of a Challenger 3500 aircraft to JM Family Entreprises, a long-standing Bombardier customer, during a special ceremony at Bombardier’s Challenger delivery centre in Montréal.

“Reaching the delivery of our 1,000^th super-midsize aircraft marks a defining moment for Bombardier,” said Éric Martel, President and CEO of Bombardier. “This milestone is a testament to the dedication and exceptional talent of our employees, as well as the trust and loyalty of our customers around the world. It holds even greater significance as we are celebrating with a client who shares our family values, entrepreneurial spirit, and commitment to the community. Challenger super-midsize aircraft have been a game changer in the industry as they defined a new business jet segment, and we are excited to continue building on this legacy.”

During the celebration, the Bombardier team handed over the ceremonial keys of the Challenger 3500 aircraft to JM Family Enterprises and presented the aircraft to the more than 700 employees and invitees in attendance for this historic event.

Bombardier’s super-midsize aircraft have set the standard in the category since the original model’s entry-into-service, earning a reputation for industry-leading reliability and exceptional performance. Over the last two decades, these performance-leading Bombardier aircraft have been the best-selling jets in their class, and the Challenger 3500 jet is continuing the winning streak, leading its segment in 2024 as the most delivered jet.

The Challenger 3500 aircraft has rapidly become one of the most sought-after aircraft in its category, delivering the lowest direct operating costs, leading performance, unparalleled versatility and a state-of-the-art cabin. It offers numerous industry and category firsts, including the voice-controlled cabin, and seamlessly integrates several key features from the Bombardier’s ultra-long-range Global 7500 aircraft, notably the innovative Nuage seat.

The Challenger 3500 aircraft also carries an Environmental Product Declaration (EPD), as does Bombardier’s entire portfolio of in-production aircraft. With this, Bombardier remains to this day the only business jet manufacturer to have published EPDs for its aircraft. Bombardier also covers all its operational flights with Sustainable Aviation Fuel through the Book-and-Claim system.

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of approximately 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.

For Information

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s plans to cover all its flight operations with a blend of Sustainable Aviation Fuel (SAF) utilizing the Book-and-Claim system visit bombardier.com.

Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X @Bombardier.

Media Contacts
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Christina Lemyre McCraw
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Bombardier, Challenger, Challenger 3500 and Global 7500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/114ae0b4-eca4-4a70-9a18-9b39e0f6396a

GlobeNewswire Distribution ID 9386096