Latest news with #USD100
Borneo Post
19-07-2025
- Business
- Borneo Post
Keningau student finalist for Global Student Prize 2025
Hanisah KOTA KINABALU (July 19): Siti Nur Hanisah Omar Hashim, a 20-year-old student of Early Childhood Education at Keningau Vocational College (KVC), is one of the 50 finalists for the Global Student Prize 2025, which offers a total prize of USD100,000 (RM400,000) to one winner. The award, sponsored by the UK-based Varkey Foundation and is considered the most prestigious student award in the world. In 2025, the award received 11,000 nominations, and Hanisah is the only Malaysian to qualify as a finalist for this award. This list of 50 nominees was announced officially on social media and website of Varkey Foundation on July 17. Hanisah was selected as a finalist for her achievements, contributions and impact on other students and within the education community. She is the founder of a social enterprise called Mearpet, which recycles used clothing and stuffed toys into puppets used to educate and entertain children. This project has won numerous awards both locally and internationally, including RM3,000 in prize money through the Pitchbah competition organized by the OOZE youth club in 2023, as well as the YouthMADE Festival Amplify Grant from the US-based Digital Promise in 2025. It was also featured on the DidikTV KPM television channel in early 2025. Hanisah has organized social enterprise workshops and competitions at the college, which have inspired many students to develop their own social projects such as sign language tutoring classes, food waste reduction campaigns, and toy innovations made from recycled materials. These students have won several competitions, including the Social Project Challenge hosted by myHarapan and Yayasan Telekom Malaysia. Hanisah is also an outstanding academic achiever, consistently receiving the Best Student Award every year. She is also the former vice president of the college's student council. Other than the Mearpet project, she has also initiated a Malaysian University English Test (MUET) for vocational college students who plan to pursue tertiary education as well as led a virtual internationalization learning session that connects students and teachers from different countries. The college director, Lumang anak Lang, expressed pride in Hanisah's achievement, stating that this success is proof that vocational colleges under the Malaysian Ministry of Education are capable and committed to producing skilled, competent, ambitious students who contribute to society. Hanisah's profile as a 2025 Global Student Prize finalist can be accessed on:
Express Tribune
16-07-2025
- Entertainment
- Express Tribune
Live Aid stars gather for 40th anniversary
Musicians who performed at Live Aid, the transatlantic concert that raised millions for famine relief in Ethiopia, reunited in London on Sunday to mark the event's 40th anniversary, attending a special performance of the musical Just For One Day. Among the stars gathered at Shaftesbury Theatre were Live Aid organisers Bob Geldof and Midge Ure, Queen guitarist Brian May, musician Nik Kershaw and actor Vanessa Williams. On this day in 1985, some of the biggest names in music came together for the televised international charity show, held simultaneously at London's Wembley Stadium and the John F Kennedy Stadium in Philadelphia. An estimated 1.5 billion people globally watched Live Aid via live satellite broadcasts. The event raised about USD100 million and spawned similar events all over the world for decades afterwards. Irish rocker and activist Geldof told Reuters that Live Aid was still important because it showed the power of collaborative action. "And today in the age of the death of kindness, which [US President Donald] Trump, [Vice President JD] Vance and [Elon] Musk have ushered in, it probably resonates all the more strongly," Geldof said. The musicians attended a performance of Just For One Day: The Live Aid Musical, a behind-the-scenes stage musical featuring songs from Sunday's attendees as well as Bob Dylan, David Bowie, Madonna, Elton John and Paul McCartney. The musical, which had a run at London's Old Vic in 2024, transferred to the Shaftesbury Theatre in London's West End in May. It is produced with the permission of the Band Aid Charitable Trust, which gets 10 per cent from the sales of all tickets. "It made me very emotional at the time. Even thinking about it now makes me emotional," May told Reuters, referring to Live Aid in 1985. Queen's performance that day at Wembley Stadium is widely regarded as a landmark concert in rock music history. "There has never been a day like that in my life," May said. Reuters
Economic Times
09-07-2025
- Business
- Economic Times
IndiGo Ventures raises Rs 450 cr; invests in startup Jeh Aerospace
IndiGo Ventures, the corporate venture capital arm of domestic carrier IndiGo, on Monday announced the first close of its maiden fund at Rs 450 crore. ADVERTISEMENT Besides, the company also announced the first investment in Hyderabad-based aerospace startup Jeh Aerospace, without disclosing the amount. Jeh will deploy the investment to scale its advanced digital manufacturing infrastructure, enhance its AI-driven production optimization and deep supply chain integration platforms, and attract engineering and production talent, it said. Launched in August last year with approval from SEBI to raise Rs 600 crore, IndiGo Ventures is focused on investing in early-stage startups driving innovation in aviation and allied sectors. The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment. This first close and investment (in Jeh Aerospace) marks a significant step in IndiGo's broader innovation agenda' combining operational expertise with capital to empower entrepreneurs solving critical challenges in aerospace and related domains, it said. ADVERTISEMENT Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla - alumni of Tata's aerospace joint ventures with Boeing, Lockheed Martin, and Sikorsky - Jeh Aerospace combines deep sectoral expertise with sharp operational execution. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialized engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured USD100 million in long-term contracts with global aerospace companies, IndiGo Ventures said. ADVERTISEMENT "By combining our technical expertise and global footprint, this partnership (with Jeh Aerospace) will propel use of next-generation technology in the aerospace and aviation sector. This investment also strengthens the Indo-US aerospace ties, advances make-in-India and accelerates innovation, contributing to realising India's potential to become a global aerospace and aviation hub," Pieter Elbers, Chief Executive Officer at IndiGo. Despite India being one of the world's fastest-growing aviation markets, the country is still a small player in the global aerospace manufacturing industry, highlighting a significant gap in domestic manufacturing capacity, it stated. "At Jeh Aerospace, we are forging a future-ready aerospace ecosystem by leveraging India's exceptional talent, advanced manufacturing, and AI-driven digital platforms. This investment empowers us to scale production capacity to meet growing demand from our global customers, ensuring flawless, on-time delivery of high-precision components," said Vishal R. Sanghavi, Co-founder and CEO, Jeh Aerospace.
Time of India
09-07-2025
- Business
- Time of India
IndiGo Ventures raises Rs 450 cr; invests in startup Jeh Aerospace
IndiGo Ventures , the corporate venture capital arm of domestic carrier IndiGo, on Monday announced the first close of its maiden fund at Rs 450 crore. Besides, the company also announced the first investment in Hyderabad-based aerospace startup Jeh Aerospace , without disclosing the amount. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Jeh will deploy the investment to scale its advanced digital manufacturing infrastructure, enhance its AI-driven production optimization and deep supply chain integration platforms, and attract engineering and production talent, it said. Launched in August last year with approval from SEBI to raise Rs 600 crore, IndiGo Ventures is focused on investing in early-stage startups driving innovation in aviation and allied sectors. The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment. Live Events This first close and investment (in Jeh Aerospace) marks a significant step in IndiGo's broader innovation agenda' combining operational expertise with capital to empower entrepreneurs solving critical challenges in aerospace and related domains, it said. Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla - alumni of Tata's aerospace joint ventures with Boeing, Lockheed Martin, and Sikorsky - Jeh Aerospace combines deep sectoral expertise with sharp operational execution. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialized engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured USD100 million in long-term contracts with global aerospace companies, IndiGo Ventures said. "By combining our technical expertise and global footprint, this partnership (with Jeh Aerospace) will propel use of next-generation technology in the aerospace and aviation sector. This investment also strengthens the Indo-US aerospace ties, advances make-in-India and accelerates innovation, contributing to realising India's potential to become a global aerospace and aviation hub," Pieter Elbers, Chief Executive Officer at IndiGo. Despite India being one of the world's fastest-growing aviation markets, the country is still a small player in the global aerospace manufacturing industry, highlighting a significant gap in domestic manufacturing capacity, it stated. "At Jeh Aerospace, we are forging a future-ready aerospace ecosystem by leveraging India's exceptional talent, advanced manufacturing, and AI-driven digital platforms. This investment empowers us to scale production capacity to meet growing demand from our global customers, ensuring flawless, on-time delivery of high-precision components," said Vishal R. Sanghavi, Co-founder and CEO, Jeh Aerospace.
Mid East Info
19-06-2025
- Business
- Mid East Info
Emirates NBD and DIB Announce a USD175 Million Murabaha Deal to Finance New Store Investment and Expansion Plans for A101, Türkiye's Leading Discount Retailer
DUBAI,June 2025: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye MENAT region, have executed a new USD175 million Murabaha financing deal to fund expansion plans for Yeni Magazacilik Anonim Sirketi (A101), one of Türkiye's leading discount retailer. Emirates NBD acted as the Initial Mandated Lead Arranger and Bookrunner, with DIB structuring and executing the five-year facility. Proceeds of the deal will be used by A101 to open new bricks-and-mortar retail operations alongside warehousing and logistics hubs in various cities across Türkiye. Two of the UAE's leading financial institutions, the USD175 million was shared between banks, with A101 borrowing USD100 million from Emirates NBD and USD75 million from DIB. This facility not only supports A101's growth story but also highlights both banks' ongoing commitment to providing corporate clients in Türkiye with bespoke financing options to help drive their long-term sustainable and resilient growth agenda. A101 is one of Turkey's largest discount retail chains, reaching millions of customers each day through a widespread network of more than 13,200 stores nationwide with the support of a wide and trusted 100% local supplier base. With more than 70,000 employees and a growing e-commerce platform, A101 continues to deliver environmentally conscious retail experience across both physical and digital channels with high-quality product offering at competitive prices, its commitment to making everyday shopping accessible and affordable for everyone. Pri McNair, Group Co-Head of Corporate Coverage at Emirates NBD, said: 'Türkiye's one of the leading discount retailers, A101 is poised to benefit from accelerated growth, financed by the new USD175 million facility made available through Emirates NBD, and our partners at DIB. This new five-year facility will fuel A101's vision of delivering even greater value to consumers. Emirates NBD's important role in this deal, which was facilitated by our Corporate Coverage unit, highlights our commitment to supporting businesses in key markets like Türkiye, within our network, through funding facilities that spur ongoing expansion plans and empower local economies.' Osman Yılmaz, Group CFO of Aydın Group said: 'We are pleased to announce our strategic collaboration with Emirates NBD and DIB. This transaction marks an important milestone in strengthening A101's capital structure and supporting our long-term growth agenda in Türkiye. As we continue to evolve our business model, we are focused on scaling a more efficient, technology-enabled retail platform — including multi-format stores, stronger digital channels, and investments in logistics and energy efficiency. These initiatives are designed to enhance our competitiveness, improve customer reach, and drive operational excellence. We see this partnership as a significant step in deepening our engagement with leading financial institutions in the GCC region. ENBD and DIB are important strategic partners for A101, and we believe this collaboration will unlock new opportunities to support our continued leadership in the retail sector.' Hitesh Asaporta, CEO of Emirates Capital, said: 'Emirates Capital played a major role in this transaction with A101, acting as the Initial Mandated Lead Arranger and Bookrunner. It stands as another sign of rising confidence in, and support for, corporate clients in Türkiye. In orchestrating this facility to A101, Emirates NBD has highlighted a growing appetite for investment in Türkiye across diverse sectors. The USD175 million deal provides A101 with the capital to expand, open more stores, and establish logistics hubs from new warehouses. It reinforces a commitment to supporting our market-leading clients in Türkiye as well as confidence in the nation's ongoing growth.' Commenting on this deal, Ali Ahmad, Chief of Investment Banking at DIB, said: 'This facility reflects our ability to structure efficient and scalable Islamic financing solutions for leading corporates across key sectors. A101's continued expansion presents a compelling investment case, underpinned by its strong operational model and growing consumer base. We are pleased to support their ambitions with a facility that aligns with our strategy of backing resilient, market-shaping businesses particularly in markets like Türkiye where we have deep and trusted relationships.' About Emirates NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water. About DIB: Established in 1975, DIB is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world's first full service Islamic bank and amongst the largest Islamic banks in the world. With Group assets now exceeding USD94 billion and market capitalisation of more than USD 14bln, the group operates with a workforce of more than 10,000 employees and around 500 branches in its vast global network across the Middle East, Asia and Africa. Serving over 5 million customers across the Group, DIB offers an increasing range of innovative Shariah-compliant products and services to retail, corporate and institutional clients. In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shariah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, The launch of Panin Dubai Syariah Bank in Indonesia early marked DIB's first foray in the Far East, with a stake of nearly 25% stake in the Indonesian bank. Additionally, DIB PJSC was given the licence by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in UAE. The acquisition of Noor Bank has solidified its position as a leading bank in the global Islamic finance industry. Recently, DIB has successfully acquired minority stake of 25% of T.O.M. Group which provides digital banking services in Türkiye. The bank's ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. DIB has been named the 'Best Islamic Bank' in various prestigious ceremonies marking the bank's leadership position in the Islamic finance sector. As a progressive Islamic financial institution, DIB embraces the opportunities and challenges associated with integrating sustainability into its business by delivering sustainable products and services and by advancing the green and social composition. 2025 marked DIB Golden Jubilee, with a Bold New Vision for the Future to be prepared to meet the challenges ahead and continue building a legacy of success for the years to come. Established in 1975, DIB is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world's first full service Islamic bank and amongst the largest Islamic banks in the world. With Group assets now exceeding USD94 billion and market capitalisation of more than USD 14bln, the group operates with a workforce of more than 10,000 employees and around 500 branches in its vast global network across the Middle East, Asia and Africa. Serving over 5 million customers across the Group, DIB offers an increasing range of innovative Shariah-compliant products and services to retail, corporate and institutional clients. In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shariah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, The launch of Panin Dubai Syariah Bank in Indonesia early marked DIB's first foray in the Far East, with a stake of nearly 25% stake in the Indonesian bank. Additionally, DIB PJSC was given the licence by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in UAE. The acquisition of Noor Bank has solidified its position as a leading bank in the global Islamic finance industry. Recently, DIB has successfully acquired minority stake of 25% of T.O.M. Group which provides digital banking services in Türkiye. The bank's ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. DIB has been named the 'Best Islamic Bank' in various prestigious ceremonies marking the bank's leadership position in the Islamic finance sector. As a progressive Islamic financial institution, DIB embraces the opportunities and challenges associated with integrating sustainability into its business by delivering sustainable products and services and by advancing the green and social composition. 2025 marked DIB Golden Jubilee, with a Bold New Vision for the Future to be prepared to meet the challenges ahead and continue building a legacy of success for the years to come.
