Private sector

First Source Mortgage Fund Announces Estimated Top-Up Distribution for 2023 Distribution

Retrieved on: 
Monday, February 26, 2024

TORONTO, Feb. 26, 2024 (GLOBE NEWSWIRE) -- First Source Mortgage Fund (“the Fund”) announces that it has an estimated Top-Up year-end distribution (the “Top-Up distribution”) of 109 bps per eligible Class F unit.

Key Points: 
  • TORONTO, Feb. 26, 2024 (GLOBE NEWSWIRE) -- First Source Mortgage Fund (“the Fund”) announces that it has an estimated Top-Up year-end distribution (the “Top-Up distribution”) of 109 bps per eligible Class F unit.
  • The top-up distribution recognizes that the (estimated) annual income generated in 2023 is expected to exceed the regular monthly distributions paid to unitholders.
  • The Top-Up distribution is not indicative of future performance by the Fund.
  • The total distribution per unit for Class F unitholders during 2023, inclusive of the estimate Top-Up distribution, was 9.47%/unit.

CAST invests Green Software Insights revenue to address human-caused climate change

Retrieved on: 
Thursday, February 22, 2024

NEW YORK and PARIS, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Fulfilling last year’s pledge to donate 10% of revenue from the release of Green Software Insights to non-profit organizations supporting sustainability research and addressing human-caused global warming, CAST has now made the initial donation to Clean Air Task Force .

Key Points: 
  • NEW YORK and PARIS, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Fulfilling last year’s pledge to donate 10% of revenue from the release of Green Software Insights to non-profit organizations supporting sustainability research and addressing human-caused global warming, CAST has now made the initial donation to Clean Air Task Force .
  • CAST is dedicated to continuing to raise contributions to help address this pressing need.
  • “Transforming our energy system to address climate change is a monumental challenge, and we need all hands on deck to do it,” said Clean Air Task Force Executive Director Armond Cohen.
  • “We are committed to making significant donations to address this most pressing need of our time, in addition to enabling our customers to do the same with our software intelligence product CAST Highlight ,” said CAST CEO and founder Vincent Delaroche.

Patria Announces Launch of Infrastructure Private Credit Fund Anchored by BNDES, CAF and IFC

Retrieved on: 
Wednesday, February 21, 2024

"The investment strategy combines the skills and expertise of two important areas within Patria - Infrastructure and Private Credit.

Key Points: 
  • "The investment strategy combines the skills and expertise of two important areas within Patria - Infrastructure and Private Credit.
  • "IFC's investment in the new Patria fund will contribute to increase access to and improve the quality of infrastructure services through private sector participation in capital markets.
  • This is essential for economic growth in a context of limited fiscal space for public investments," said Carlos Leiria Pinto, IFC's Brazil Country Manager.
  • “This is a strategic step that aims to strengthen investments at the regional level and thus have a positive impact directly on these communities.

CN and CPKC Push Toward Work Stoppage, Neglect Serious Negotiation Efforts, Say Teamsters

Retrieved on: 
Monday, February 19, 2024

CN and CPKC are currently in negotiations with the Teamsters to renew three collective agreements affecting approximately 9300 workers at both companies.

Key Points: 
  • CN and CPKC are currently in negotiations with the Teamsters to renew three collective agreements affecting approximately 9300 workers at both companies.
  • “CN and CPKC aim to eliminate all safety-critical rest provisions from our collective agreements.
  • We want to reach a negotiated settlement, but their demands are non-starters for the Teamsters.
  • At CPKC, the Teamsters represent close to 3200 conductors, locomotive engineers, and yard workers under a single contract.

Wallbox and Partners Awarded $25.6 Million to Deploy EV Chargers at 148 Multifamily Properties Across the State of Washington

Retrieved on: 
Thursday, March 7, 2024

The awards, announced as part of the Department’s first round of the program, will be used to deploy Wallbox’s latest AC Level 2 charger, the Pulsar Pro, across 148 multifamily housing properties throughout the state of Washington.

Key Points: 
  • The awards, announced as part of the Department’s first round of the program, will be used to deploy Wallbox’s latest AC Level 2 charger, the Pulsar Pro, across 148 multifamily housing properties throughout the state of Washington.
  • View the full release here: https://www.businesswire.com/news/home/20240307858646/en/
    “One of the most commonly cited concerns for prospective EV drivers is access to EV charging, especially for those who do not live in detached houses.
  • Wallbox and the State of Washington have a shared commitment of ensuring that chargers are deployed across all use cases, including multifamily housing, to ensure that benefits of going electric are accessible to all,” said Erik Fogelberg, General Manager of Wallbox North America.
  • The projects will be designed and installed by COIL in partnership with Resound Energy, a Washington-based energy efficiency contractor, at 148 multifamily housing properties, including 146 Greystar properties.

Kenya Construction Industry Report 2023: Local and international Factors, Competitive Environment, Industry Associations, Market Dynamics - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 6, 2024

The "The Construction Industry in Kenya 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Construction Industry in Kenya 2023" report has been added to ResearchAndMarkets.com's offering.
  • This report on the construction industry in Kenya includes comprehensive information on the state and size of the industry, numbers of contactors and registered projects, infrastructure and road development, housing and renewable energy projects.
  • There is information on notable players, labour and wages, environmental issues and input costs and bank loans and government spending on construction.
  • The South African company is registered with the Engineers' Board of Kenya in civil and electrical engineering and specialises in installing transport technology.

Saudi Arabia Ministry of Tourism Boosts Vision for Excellence and Sustainable Growth with UiPath AI and Automation

Retrieved on: 
Wednesday, March 6, 2024

With an ambitious goal to position Saudi Arabia as the most attractive global destination for investors and tourists, the Ministry of Tourism spearheads efforts to bolster the tourism sector’s capacity and welcome the growing influx of tourists.

Key Points: 
  • With an ambitious goal to position Saudi Arabia as the most attractive global destination for investors and tourists, the Ministry of Tourism spearheads efforts to bolster the tourism sector’s capacity and welcome the growing influx of tourists.
  • An early adopter of automation, the Ministry first leveraged UiPath in 2018 to build internal capabilities during the transition to a new national procurement platform.
  • This focus on innovation underscores our mission to make the Kingdom a global beacon of tourism excellence, ensuring Saudi Arabia's prominence on the international tourism stage."
  • “Saudi Arabia is advancing fast toward achieving its vision to foster one of the world’s most attractive tourism sectors and achieve the highest sustainable impact for its growth.

SpeedPro Chicago Loop Wins Two Prestigious Industry Awards

Retrieved on: 
Wednesday, March 6, 2024

Reflecting on a nine-year journey, SpeedPro Chicago Loop has transformed from nearly bankrupt to highly profitable.

Key Points: 
  • Reflecting on a nine-year journey, SpeedPro Chicago Loop has transformed from nearly bankrupt to highly profitable.
  • Eric Lazar, a Marine Corps veteran, brings over 25 years of private sector experience to SpeedPro Chicago Loop.
  • Rebecca Considine, Partner & Vice President at SpeedPro Chicago Loop, complements Eric's leadership with her passion for creative marketing solutions and exemplary client service.
  • SpeedPro Chicago Loop, located in the heart of downtown Chicago, is a Service-Disabled Veteran-Owned Small Business (SDVOSB) large-format digital printing company.

ITB Berlin 2024: Cairo City Break to Become a New Egypt Travel Trend

Retrieved on: 
Wednesday, March 6, 2024

Cairo is transforming into a long weekend hotspot with the new City Break initiative, announced H.E.

Key Points: 
  • Cairo is transforming into a long weekend hotspot with the new City Break initiative, announced H.E.
  • Ahmed Issa, the Minister of Tourism and Antiquities of Egypt at ITB Berlin 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240306125956/en/
    Minister Ahmed Issa at press conference, ITB Berlin 2024 (Photo: Business Wire)
    The new Cairo City Break program is aimed at transforming the capital into a dynamic, must-visit long weekend destination.
  • This will contribute to increasing the number of tourist nights spent in Cairo from an average of three to four days to 12 days.

South Africa Stone Quarrying, Clay and Sandpits, and Phosphate Mining Industry Analysis - Expansion of Export Markets to Diversify Revenue Streams - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 5, 2024

The "Stone Quarrying, Clay and Sandpits, and Mining of Phosphate in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Stone Quarrying, Clay and Sandpits, and Mining of Phosphate in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.
  • A comprehensive report highlighting the latest developments, challenges, and future prospects of the stone quarrying, clay and sandpits, and phosphate mining sectors in South Africa has been published as part of an expansive industry review.
  • The report details the size and state of the quarrying industry in South Africa, focusing on the production of stone, clay, sand, and aggregates - vital components in construction and manufacturing sectors.
  • It serves as a vital intelligence tool for anyone looking to understand or invest in South Africa's quarrying and phosphate mining landscapes.