EBC Bags BrokersView Best Trading Experience Award, Strengthening Global Leadership

Two prestigious awards presented to EBC Financial Group

EBC Financial Group won the “Best Trading Experience” Award, and senior analyst Al Hamidi received the “Best Innovative Trading Strategy” Award at the 2024 BrokersView and FastBull ceremonies in Vietnam.

SINGAPORE, Sept. 19, 2024 (GLOBE NEWSWIRE) — At the BrokersView Award Ceremony in Vietnam in September 2024, EBC Financial Group (EBC) was awarded the “Best Trading Experience” Award, once again solidifying its position as a world-class leader in the financial industry specialising in forex, CFDs, and stocks. The latest award recognised EBC’s commitment to facilitating the most robust trading conditions and delivering an exceptional trading experience.

Although the global forex trading market is growing at a rapid pace and is expected to surpass US$10 trillion by 2028 (Source: Yahoo Finance), participation in this increasingly popular financial planning tool is marred by widespread misinformation and volatility, leading to a lack of trust among traders (Source: Finance Magnates). EBC aims to address these challenges by fostering a stable and reliable trading environment, guided by its core belief that every investor engagement should receive the seriousness and sincerity it deserves.

The “Best Trading Experience” Award presented to EBC Financial Group by BrokersView in 2024

EBC Financial Group received the prestigious “Best Trading Experience” Award from BrokersView at the 2024 ceremony, recognising its commitment to exceptional trading conditions.

Going beyond active efforts to innovate its trading platform and ensure highly competitive spreads, EBC is dedicated to ensuring compliance with stringent regulation, fair and transparent pricing mechanisms, and multi-layered security measures.

Expanding Global Reach and Strategic Presence

EBC Financial Group has long established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, and across emerging markets in Latin America, Southeast Asia, Africa, and India.

This global expansion is driven by EBC’s strategy to localise its operations to meet the unique regulatory requirements of different regions, while tailoring its offerings to address the specific needs of clients in each market. Through strategic investments in regulatory licenses, institutional-level liquidity, and advanced trading infrastructure, EBC is positioning itself to serve a broader international clientele with a diverse range of trading tools and services.

An award trophy presented to Al Hamidi for the “Best Innovative Trading Strategy” Award

Al Hamidi of EBC Financial Group received the “Best Innovative Trading Strategy” Award at the FastBull 2024 Trading Influencers Awards for his outstanding contributions to market strategy.

EBC’s growth in emerging markets, particularly in Southeast Asia, Latin America, India and Africa, is part of the company’s commitment to empowering traders with access to robust financial ecosystems, which have traditionally been underserved by major financial institutions. As EBC scales its operations, the company is continuing to expand its support infrastructure in these regions to ensure traders can enjoy the same seamless experience available in more established financial hubs.

BrokersView: An Industry-Leading Broker Review Platform
BrokersView, a FastBull brand, is a leading financial information portal that helps investors identify suitable brokers quickly and efficiently. Winning the “Best Trading Experience Award” was no easy feat among a sea of strong contenders. In evaluating EBC for their 2024 awards, BrokersView conducted a rigorous assessment of EBC on six key aspects – trading speed, stability, liquidity, slippage, spreads, and swap rates.

Real-time data was examined for predetermined trading conditions and, ultimately, EBC’s tailored trading platform, featuring fast and optimal order executions, low spreads, and 24/7 customer service, helped the firm stand out as a mark of assurance and played a crucial role in securing this prestigious award.

EBC’s mission as a global brokerage group is to create a superior trading ecosystem that empowers traders worldwide. To achieve this, EBC invests in comprehensive regulatory licences, advanced infrastructure, institutional-level liquidity, robust risk management, and proprietary trading algorithms. Moreover, security and confidentiality are paramount at EBC. The firm employs 256-bit SSL encryption and dedicated trading channels to protect its clients’ information and build customised solutions to ensure a seamless trading experience.

Celebrating A Spirit of Excellence
Adding to the accolades at the BrokersView Award Ceremony, EBC’s senior analyst, Al Hamidi, was also honoured with the “Best Innovative Trading Strategy” Award at the FastBull 2024 Trading Influencers Awards Ceremony, which was held in conjunction with the BrokersView Award Ceremony; the FastBull 2024 Trading Influencers Awards Ceremony is aimed to celebrate individuals with outstanding contributions to the industry.

With over a decade of related experience, Hamidi has been spearheading theoretical advancements in market strategy analysis and relevant compliance research. His expertise in disaster recovery and business continuity protocols (BCP) was instrumental in helping EBC agilely navigate market events like the CrowdStrike outage in 2024. This award highlights the wealth of experience and expertise within EBC’s diverse team, and the group’s efforts to foster a culture of learning through financial literacy and knowledge sharing.

The latest haul brings EBC’s total awards tally in 2024 thus far to seven. Most recently in August 2024, EBC was named the Best Broker in the Asia Pacific region at the Finance Magnates Annual Awards.

Looking ahead, EBC Financial Group remains focused on its global development roadmap, delivering the ultimate trading experience and keeping traders at the core of its operations. The company’s longstanding goal remains unchanged: to empower traders with informed decisions and to be their trusted partner on every trading journey.

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. EBC has quickly established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, the Cayman Islands, and across emerging markets in Latin America, Southeast Asia, Africa, and India. EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the leading levels of ethical standards and international regulation. EBC Financial Group’s subsidiaries are regulated and licensed in their local jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), and EBC Financial Group (Australia) Pty Ltd is regulated by Australia’s Securities and Investments Commission (ASIC).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

https://www.ebc.com/

Media Contact:
Savitha Ravindran
Global Public Relations (EMEA)
savitha.ravindran@ebc.com

Chyna Elvina
Global Public Relations (APAC)
chyna.elvina@ebc.com

Douglas Chew
Global Public Relations Lead
douglas.chew@ebc.com

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/4b420c02-0df1-40a1-9abc-b0c3b10ec75d
https://www.globenewswire.com/NewsRoom/AttachmentNg/1cbad8f9-d653-4a1a-95de-5cd628ea2381
https://www.globenewswire.com/NewsRoom/AttachmentNg/80fda353-48f7-44bf-9e3b-6d8bf7184f50

GlobeNewswire Distribution ID 9233608

LYB lays foundation for 1st industrial-scale advanced recycling plant at Wesseling, Germany, site

Symbolic foundation stone laying LYB MoReTec-1

Minister Mona Neubaur, LYB EVP Yvonne van der Laan, Manager LYB Wesseling Stephan Staender, Chancellor Olaf Scholz, Prime-Minister Hendrik Wuest, LYB CEO Peter Vanacker symbolically lay the foundation stone for MRT-1 in Wesseling.

Catalytic pyrolysis unit in heart of Europe to bolster sustainable growth, value creation

  • Chancellor Scholz, top elected officials attend milestone event; celebrate company commitment to Cologne region
  • Proprietary LYB MoReTec technology enables scalable solution to recapture valuable raw materials from hard-to-recycle plastics often destined to landfill, incineration
  • Unit’s design and process technology enable high plastic-to-plastic yield; allow for operation under 100% renewable power, helping reduce GHG emissions

WESSELING, Germany, Sept. 19, 2024 (GLOBE NEWSWIRE) — LyondellBasell (NYSE: LYB) today advanced its journey toward sustainable growth and value creation by laying the foundation of its first, catalytic advanced recycling plant at its Wesseling, Germany site. German Chancellor Scholz and Minister-President Wüst attended the celebrations, underscoring the project’s importance for both the region’s and Germany’s goals for a circular, low carbon economy.
Targeted startup for the new unit is set for 2026, as part of the company’s strategy to build a profitable Circular and Low Carbon Solutions business.

Using LYB proprietary MoReTec technology, this plant will be the first commercial scale, single-train advanced recycling plant, designed to demonstrate its capability for further scalability. This unit will convert pre-treated, mixed waste plastic into raw materials to produce new plastic polymers that will be sold under the LYB CirculenRevive brand. These polymers complement the company’s offerings in mechanically recycled and renewable-based polymers marketed respectively under CirculenRecover and CirculenRenew branding.

“Germany is a strong location for the chemical industry and the new LYB plant in Wesseling represents the future viability of this industry. As the first large-scale industrial plant for chemical plastic recycling, it is a significant step towards a circular economy”, said Federal Chancellor Olaf Scholz. “The German government is committed to strengthening and further enhancing Germany as a location for the chemical industry.”

“With investments like these, we are creating solutions and addressing rising demand for more sustainable products from our customers and society,” said LYB CEO Peter Vanacker. “The new facility has the potential to turn back hard to recycle, processed mixed plastic waste of more than 1.2 million German citizens into valuable raw materials to make new products. And this is only the first unit that we are building, we are already working on our future MoReTec plants.”

LYB anticipates its MoReTec technology will gradually help shift the use of traditional fossil-based raw materials toward circular resources. Further, the catalytic nature of the technology allows it to conserve energy and significantly lower greenhouse gas emissions, while serving as a blueprint for future investments. LYB received a 40 million euro grant from the EU Innovation Fund for the project1.

Vanacker also called for improved support of European industry. “It’s essential we have policies that stimulate demand for sustainable and circular materials. As we make these significant investments in our future, we need a firm, reliable pathway to ensure confidence,” Vanacker said, echoing the Antwerp Declaration for an Industrial Deal, which he presented with other business leaders to European Commission President Ursula von der Leyen in February of this year.

1
DISCLAIMER
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency. Neither the European Union nor the granting authority can be held responsible for them.

For media inquiries, please contact:
Media Inquiries
LyondellBasell Media Relations
Phone: +1 713 309 7575
Email: mediarelations@lyondellbasell.com

Editors notes:

  • The planned investment is in the range of several hundred million Euros.
  • This represents a major milestone for our advanced recycling technology and overall sustainability, supporting reaching LYB goal to produce and market at least 2 million metric tons of recycled and renewable-based polymers annually by 2030
  • The new plant is expected to have an annual capacity of 50,000 metric tons per year. It is critical to help divert plastics otherwise destined to landfill and/or incineration and turn them back into valuable, raw materials.
  • The facility addresses customer demand at scale for higher quality, low carbon, drop-in solutions.
  • The advanced recycled feedstock produced by the MoReTec facility will be used for the production of polymers sold by LYB under the CirculenRevive brand for use in a wide range of applications, including medical and food packaging.
  • Additional investments are planned at a circular hub that LYB plans to build close to the Wesseling plant region. Other regional projects include:
    • a joint venture in Lower Saxony that will turn post-consumer, mixed plastic waste into raw materials for mechanical and advanced recycling
    • a closed-loop recycling center in Hesse to process plastic parts from cars and household appliances
    • an agreement to become full owner of solvent-based recycling company APK in Saxony-Anhalt region.
  • Additional quotes:

“Today is an important day for the future of our industry location. The plant is more than just a construction project – it is a symbol of the successful transformation towards a sustainable and innovative industry. With this investment, LYB is demonstrating that our federal state is an attractive location for leading companies that are ready to tackle the challenges of the future,” says Mona Neubaur, Minister for Economic Affairs, Industry, Climate Action and Energy of the State of North Rhine Westphalia. “The technologies that are being developed here will make a significant contribution to strengthening our competitiveness and creating a more sustainable economy. We are proud to be taking this path together and I look forward to the positive momentum that will come from this project.”

“North Rhine-Westphalia is Germany’s largest chemical location – and one of the most innovative on the road to climate neutrality. We want to remain a strong industrial state and at the same time become climate neutral. With the groundbreaking of LYB MoReTec-1, LYB is providing important and forward-looking impetus for a strong circular economy in the plastics and chemical industry,” says Hendrik Wüst, Minister President of North Rhine-Westphalia. “Only by working together can we strengthen North Rhine-Westphalia as a research and industrial location and expand our leading position in the field of chemical recycling. To do this, the chemical industry in particular needs better framework conditions, in Europe and at the federal level.”

About LyondellBasell 

We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

Forward-Looking Statements
The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not limited to, our ability to meet our sustainability goals, including the ability to increase production of recycled and renewable-based polymers to meet our targets and forecasts, and reduce our emissions and achieve net zero emissions by the time set in our goals; our ability to build a profitable Circular & Low Carbon Solutions business; and the successful construction within the anticipated timing, and operation of the facilities described in this release. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2023, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission’s website at www.sec.gov.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cbb73965-ee89-4032-b4b0-973ad94dbf49

GlobeNewswire Distribution ID 9233529

Axi Renews Partnership with Manchester City Star and England International, John Stones

SYDNEY, Sept. 19, 2024 (GLOBE NEWSWIRE) — Axi, a leading global Forex and CFD broker, has announced the continuation of its collaboration with England international John Stones. Since partnering with the Man City star, Stones has continued to have unparalleled success on the field. The season ended with his club winning the Premier League championship for the fourth consecutive time – the first time a Premier League club has ever achieved this.

Hannah Hill, Head of Brand and Sponsorship at Axi, states, “We are beyond thrilled to renew our collaboration with our Brand Ambassador, John Stones. Last year, we witnessed football at its finest as our longtime partners, Man City, accomplished a historic milestone, winning four back-to-back the Premier League titles. With over 250 appearances for Man City, John’s remarkable skills and commitment to finding the competitive edge perfectly aligns with our values and ambitions. Just like John, we are dedicated to excellence and to sharpening our edge. We look forward to another awesome season and greater successes.”

Back in January, Axi launched their first player activation with John Stones for their Spread Betting campaign. Targeted exclusively at the UK audience, the activation featured John Stones reflecting on some of his most iconic moments on the field.

In addition to John Stones, Axi has been the Official Online Trading Partner of Premier League Champions, Man City for both the men’s and women’s teams, as well as City Football Group (CFG) Brazilian football club, Esporte Clube Bahia. Recently, the broker also announced a renewal of their partnership with CFG owned LaLiga club Girona FC, as the club’s Official LATAM Online Trading Partner for two more seasons.

About Axi

Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

Contact: mediaenquiries@axi.com

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

GlobeNewswire Distribution ID 1000992331

XPENG to Unveil the Future of AI Mobility in Europe at Paris Motor Show 2024

PARIS, Sept. 19, 2024 (GLOBE NEWSWIRE) — XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese AI mobility company, is set to participate in the Paris Motor Show 2024 from October 14th to October 20th. Showcasing under the theme “Enchanté, Paris!”1, XPENG will present a range of new technologies and solutions on Booth 6A51 in Hall 6, highlighting its commitment to intelligent, sustainable mobility solutions tailored for the European market.

XPENG G6 in Paris

XPENG to Unveil the Future of AI Mobility in Europe at Paris Motor Show 2024

At the show, XPENG will unveil its latest advancements, including the next-generation smart in-car operating system, Tianji XOS 5.4 for the European market. This innovation showcases XPENG’s roadmap to bring adaptive, AI-powered driving experiences to European roads. In addition, XPENG will also demonstrate its next-generation smart cockpit, featuring advanced personalized customization options for displays and frequent OTA update.

Visitors will gain insights into XPENG’s future plans, including a roadmap for expanded AI integration and the latest vehicle model incorporating these advancements.

XPENG’s participation in the Paris Motor Show underscores its long-term plan to expand globally and become the leading company in AI-powered mobility. As part of this vision, XPENG will continue to leverage its AI expertise and technological innovations to redefine the future of AI mobility.

Brian Gu, Vice Chairman and President at XPENG, said: “The European automotive market is undergoing a transformation from electrification to smartification. At the Paris Motor Show, we are not only showcasing highlights from our vehicle portfolio, but also new solutions that we will be integrating in our car models. We are deeply committed to the European market and are excited about our ongoing efforts to expand our presence in the region.”

The XPENG press conference will be taking place on October 14th at XPENG’s booth in Hall 6 of Paris Expo Porte de Versailles. XPENG remains committed to pushing the boundaries of innovation and looks forward to further expanding its footprint in Europe with cutting-edge technology and AI-powered solutions.

About XPENG

Founded in 2014, XPENG a leading Chinese AI mobility company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy consumers. With the boom of AI technology, it aspires to become a global AI mobility company, with the mission to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Contact:

For Media Enquiries:
PR Department
Email: pr@xiaopeng.com
Source: XPENG Motors

_________________________
1 “Enchanté, Paris!” is French for “Charmed, Paris!” or “Pleased to meet you, Paris!”


GlobeNewswire Distribution ID 9233360

Bitget Research Report Highlights TON Ecosystem Transaction Volume Surged 1800% in Under Six Months

VICTORIA, Seychelles, Sept. 18, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released an extensive report outlining the current state and development traction of the TON ecosystem, while highlighting its existing shortcomings and potential future threats. The report by Bitget starts by mentioning TON’s 900 million active user base, mostly from the CIS countries, particularly Russia and Ukraine, trailed by India, Brazil and the US. The network is host to over 1,159 projects, including cross-chain bridges, DeFi, launchpads, and other types of services.

Bitget Research Report Highlights TON Ecosystem Transaction Volume Surged 1800% in Under Six Months

Bitget Research Report Highlights TON Ecosystem Transaction Volume Surged 1800% in Under Six Months

The TON ecosystem has experienced a 12x spike from 100,000 to 1.2 million in daily transaction volume over the year. TVL currently stands at $350 million, up 18 times (approx. 1800%) in under 6 months, driven by DEX trading volume growth, from $2 to $40 million from the start of the year. The growing adoption of the ecosystem also spurred the native TON token’s price to an average of $5.5.

“TON’s ecosystem is rapidly gaining traction, particularly among tech-savvy enthusiasts eager to explore its innovative approach to decentralized solutions. At Bitget, we’ve witnessed a significant influx of users participating in TON-related projects, driven by its unique community engagement and seamless integration with exchanges. Recent standout projects such as DOGS have attracted massive interest, and with exciting upcoming launches like CATI and HMSTR, we’re committed to supporting and fostering the growth of these groundbreaking initiatives,” said Gracy Chen, CEO of Bitget.

The report shows TON’s extensive integration with Telegram, which has led to the popularization of multiple on-chain gaming apps and bots, contributing to massive user influx and trading volume rises. The ecosystem has also been active in terms of collaboration with USDT through the TON Foundation, as well as HashKey Group, Fireblocks, DWF Labs, and others.

The TON ecosystem’s attractiveness is based on its significant differences from Ethereum, offering a multi-chain architecture, asynchronous smart contract calls, proxy solutions, and more. The report highlights that the unique features of TON open up enormous growth potential for the system.

“Integrating with the TON and Telegram ecosystem has been a game changer for Bitget Wallet. By tapping into Telegram’s vast user base, we’ve seamlessly bridged Web2 and Web3, creating a smooth and accessible experience for millions,” said Alvin Kan, COO at Bitget Wallet. “This has fueled our growth to over 30 million user base with 12 million monthly active users, and makes us the No. 1 Web3 wallet by app downloads worldwide. It’s clear that the future of Web3 lies in making it intuitive and integrated with platforms people are already familiar with,” he added.

Bitget Wallet is now used by 68% of Telegram game users, contributing 17% of active addresses on the TON network in the current month. By seamlessly integrating with Web2 social platforms like Telegram, Bitget Wallet became the Most Downloaded Web3 wallet for two consecutive months, and surpassed 12 million monthly active users.

Nevertheless, TON suffers from low trading activity and poor lending options. DeFi, lending, gaming and other sectors push demand for the ecosystem’s services. To counter slow growth, the TON ecosystem will have to address its DeFi shortcomings, expand beyond the CIS, and tackle regulatory challenges.

This Bitget report concludes by stating that the TON blockchain will continue to rely on the user base of Telegram, but will likely trend towards “de-Telegramization” in the long run to mitigate regulatory risks associated with Telegram. Other projections mentioned in the report state that the TON token is expected to rise in tandem with broader market trends, and the development of the TON ecosystem will attract more traditional users to the cryptocurrency market.

For more information, access the full report here.

About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 30 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. 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, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8ab7b55-0e03-4ffd-a96e-17a13de5dc67

GlobeNewswire Distribution ID 1000992675

EB5 Capital’s Steamboat Springs Marriott Hotels (JF40) Project Receives I-956F Approval from USCIS

WASHINGTON, Sept. 18, 2024 (GLOBE NEWSWIRE) — EB5 Capital is excited to announce that its Steamboat Springs Marriott Hotels (JF40) project was approved by the United States Citizenship and Immigration Services (USCIS) on September 13, 2024, after pending for approximately 2 months.   This Form I-956F approval confirms that USCIS has assessed and verified the compliance of the project and its related documents. Now that the project is approved by USCIS, investors who filed I-526E conditional green card petitions in this project can anticipate receiving individual petition adjudications in the coming months.

Steamboat Springs Marriott Hotels (JF40) is the development of a dual-branded Marriott hotel nestled atop Steamboat Mountain in Steamboat Springs, Colorado. The Project will consist of a 103-room upscale SpringHill Suites, and a 77-room extended-stay TownePlace Suites. Plans include the construction of an upscale bar/lounge area and a full-service restaurant. Other shared amenities include a resort-style pool and hot tubs, an outdoor grill and patio area, fitness and business centers, and ski storage. The project is one of EB5 Capital’s 14 hotel developments in its portfolio of over 40 projects.

“We are pleased with this quick project approval from USCIS,” said Mariana Gomez, Senior Vice President of Operations and Compliance at EB5 Capital. “We’ve had the opportunity to experience the steady and significant improvement in processing times for I-956F applications firsthand and look forward to future approvals.”

JF40 is one of 15 projects EB5 Capital has launched since the passing of the EB-5 Reform and Integrity Act of 2022 (RIA). Since the RIA went into effect, 12 of EB5 Capital’s projects have received I-956F approvals, allowing the firm to maintain its 100% project approval rate with USCIS.

About EB5 Capital

EB5 Capital provides qualified foreign investors opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). As one of the country’s oldest and most active Regional Center operators, the firm has raised more than one billion dollars of foreign capital across over 40 EB-5 projects. Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. Please visit www.eb5capital.com for more information.

Contact:
Katherine Willis
Director, Marketing & Communications
media@eb5capital.com


GlobeNewswire Distribution ID 9233094

Morocco Issues Weather Alert for Thunderstorms, Hail in Several Provinces

Rabat – Severe thunderstorms, accompanied by hail, are expected Thursday and Friday across several provinces in Morocco, the General Directorate of Meteorology (DGM) announced.

Heavy rainfall, ranging between 70 and 120 mm, is expected from Thursday at 2 p.m. to Friday at 11 p.m. in the provinces of Es-Smara and Assa-Zag, the DGM said in a “red” level alert.

Additionally, the provinces of Tata, Zagora, Taroudant, Ouarzazate, Tinghir, Errachidia, and Figuig will see experience similar weather conditions on Friday, with rainfall between 30 and 60 mm. These areas are under an “orange” level alert on Friday from 1 p.m. to 11 p.m., the warning bulletin added.

Source: Agence Marocaine De Presse