January 23, 2022

Oil going to $100?

Published by
Philippine Star

Philequity Corner – Wilson Sy – The Philippine Star January 24, 2022 | 12:00am Crude oil reversed the sharp decline last December to register its highest level since 2014 as supplies remain tight amid surging global demand. In addition, rising geopolitical risks given the current Russia-Ukraine dynamic, an attack on an Abu Dhabi facility, and an explosion of a pipeline from Iraq sent Brent oil futures as high as $89.50 per barrel. Goldman Sachs and Morgan Stanley have raised their oil forecast to $100 per barrel this year, citing the growing supply and demand imbalance. JP Morgan projects $125… Continue reading “Oil going to $100?”

January 23, 2022

Yemen rescuers search rubble as coalition slammed for attack

Published by
Al-Araby

Yemeni rescue workers searched through rubble for survivors Sunday, two days after an attack on a prison killed at least 70 people, as an aid group said the Saudi-led coalition has “no way to deny” it hit the facility in an air strike. Digging through the debris with their bare hands, the rescue teams combed the destroyed prison in rebel-held Saada, with nearby hospitals already overwhelmed by more than 200 killed or wounded. “Rescue operations are still ongoing,” International Committee of the Red Cross spokesman Basheer Omar told AFP, adding they were still looking for “missing and dead peop… Continue reading “Yemen rescuers search rubble as coalition slammed for attack”

January 23, 2022

ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages Berkeley Lights, Inc. Investors With Losses Over $100K to Secure Counsel Before Important February 7 Deadline in Securities Class Action – BLI

NEW YORK, Jan. 23, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Berkeley Lights, Inc. (NASDAQ: BLI) between July 17, 2020 and September 14, 2021, inclusive (the “Class Period”), of the important February 7, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Berkeley Lights securities during the Class Period 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 Berkeley Lights class action, go to http://www.rosenlegal.com/cases-register-2222.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com 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 February 7, 2022. 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. 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 has achieved the largest ever securities class action settlement against a Chinese Company. 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 throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Berkeley Lights’ flagship instrument, the Beacon, suffered from numerous design and manufacturing defects including breakdowns, high error rates, data integrity issues and other problems, limiting the ability of biotechnology companies and research institutions to consistently use the machines at scale; (2) Berkeley Lights had received numerous customer complaints regarding the durability and effectiveness of Berkeley Lights’ automation systems, including complaints related to the design and manufacturing; (3) the actual market for Berkeley Lights’ products and services was a fraction of the $23 billion represented to investors because of, among other things, the relatively high cost of Berkeley Lights’ instruments and consumables and inability to provide the sustained performance necessary to justify these high costs; and (4) as a result, defendants’ statements to investors during the Class Period regarding Berkeley Lights’ business, operations, and financial results were materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Berkeley Lights class action, go to http://www.rosenlegal.com/cases-register-2222.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com 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.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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

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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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

January 23, 2022

Abu Dhabi Arabic Language Centre set to take part at Cairo International Book Fair 2022

ABU DHABI, The Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is heading to the Cairo International Book Fair 2022, one of the largest cultural events in the region, taking place in the Egyptian capital from 26th January to 7th February.

The Centre will showcase its various publishing and translation projects, which are designed to firmly cement the Arabic language’s status, and empower the production of greater Arabic content for the wider world.

Dr Ali bin Tamim, ALC Chairman, said, “The Abu Dhabi Arabic Language Centre’s participation at the Cairo International Book Fair stems from our vision and commitment to advance the importance and usage of the Arabic language regionally and internationally. With its full agenda of notable events and activities, the Book Fair is a great opportunity to bring together authors, publishing houses and culture pioneers from around the world to exchange best practices, examine latest trends and address challenges faced by the publishing industry, especially in the changing global environment of the past two years.”

In parallel with the main fair, ALC will also take part in several sessions and workshops at the ‘Translating from Arabic: A Bridge Between Civilisations’ conference, which is also organised by the General Egyptian Book Organisation as part of the Cairo International Book Fair.

The Centre will be showcasing publications produced under the Kalima Project for translation, which aims to revive the translation movement in the Arab world, and build stronger ties with international authors and publishing houses.

The Abu Dhabi Arabic Language Centre will also hold a ‘Cultural Retreat’ at the event, which will cover six prominent topics with leading Arab authors and academics, in addition to announcing and launching a series of new cultural events, projects and initiatives.

Staged by the General Egyptian Book Organisation at the Egypt International Exhibitions Centre, the fair has historically attracted around two million visitors every year, along with one of the largest gathering of publishers in the Arab World.

Source: Emirates News Agency

January 23, 2022

UAE announces 2,813 new COVID-19 cases, 1,028 recoveries, 3 deaths in last 24 hours

ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 517,107 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.

In a statement on Sunday, the Ministry stressed its aim to continue expanding the nationwide testing scope to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As part of its intensified testing campaign, MoHAP announced 2,813 new coronavirus cases, bringing the total number of recorded cases in the UAE to 825,699.

According to the Ministry, the infected individuals are from various nationalities, are stable, and receive the necessary care.

MoHAP also announced three deaths due to COVID-19 complications, bringing the total number of deaths in the country to 2,214.

The Ministry expressed its sincere condolences to the families of the deceased and wished COVID-19 patients a speedy and full recovery. It called on all society members to cooperate with health authorities and adhere to the instructions and physical distance to ensure the health and safety of all.

MoHAP also noted that an additional 1,028 individuals had fully recovered from COVID-19, bringing the total number of recoveries to 768,343.

Source: Emirates News Agency