Minterest Launches Exclusive Early Access for NFT Holders Ahead of Public Launch

The Minterest protocol is now fully live for early supporters and Minterest NFT holders, granting exclusive access to the full suite of Minterest tools ahead of public launch.

TALLINN, ESTONIA / ACCESSWIRE / March 1, 2023 / Minterest Labs announces the final stage of launch of the Minterest protocol, a revolutionary crypto lending platform built on the concept of real yield.

Minterest Dashboard – the most user friendly experience in DeFi
With a complete DeFi dashboard, Minterest users have an aesthetically unique and fully functioning area to view their asset information and risk exposure.

Launching on Ethereum, Minterest provides cutting-edge DeFi borrowing and lending services. Backed by four completed security audits and a world-class team of digital asset professionals, Minterest is now live!

During the Private Launch phase, access is limited for 4-6 weeks to Minterest NFT holders whose liquidity provision will benefit from early access, with a restricted user pool resulting in a greater share of protocol rewards.

For users seeking access who do not have an NFT, the collection has been registered on Open Sea to enable holders to trade.

What is Minterest?

“Minterest is a lending protocol able to capture 100% of its fees from its functions, which it then uses to buy back its own token and reward users who participate in its governance.” – Josh Rogers, founder and CEO of Minterest.

Minterest pushes new boundaries in DeFi lending protocols. It generates underlying value in its token economy far beyond the capability of any other, while rewarding its users who participate in governance. The fully-sustainable token model gets delivered through groundbreaking innovations like the first-of-its-kind on-chain liquidation engine coupled with its unique buyback mechanisms.

The result is a DeFi revolution – the highest long-term total APYs combined with the lowest possible borrow cost.

With Minterest, Yield Gets Real.

To learn more about the project, visit the Minterest website, login to the app, or check out the official social media channels below:

Join the growing Minterest Discord and Telegram communities for daily updates:

https://discord.gg/minterest

https://t.me/MinterestFinanceChat

https://www.linkedin.com/company/minterest

Contact Information

Veiko Krünberg
CMO
veiko@minterest.com
+3725100337

SOURCE: Minterest

CARBOTRACE, Proppant Conveyed Inflow Production Tracers Are Being Launched Globally

CARBO Ceramics Inc. partners with GEOSPLIT Middle East FZE

HOUSTON, TX / ACCESSWIRE / March 1, 2023 / CARBO and GEOSPLIT announced today that the companies have entered into a strategic partnership that will enable energy operators to improve their reservoir performance by optimizing drilling & completions designs through understanding the production inflow profiling. The use of the technology reduces the overall cost of the well’s ownership, improves the carbon footprint for the well’s lifecycle, and boosts the decision-making of the E&Ps for their offset wells.

CARBOTRACE
CARBOTRACE

The agreement combines CARBO’s manufacturing, sales, and marketing expertise with the inflow production profiling capabilities of GEOSPLIT. CARBO is the market leader in proppant and proppant-delivered technologies, and GEOSPLIT is a developer of a proven long-term dynamic zonal inflow tracer technology evaluation service.

“CARBO’s portfolio of proppant delivered technologies continues to expand and provide customers with added value, enabling the most efficient completion and production strategies. CARBO has proven once more to be a technology leader in the space by creating an alliance with this Middle Eastern start-up for further geographical expansion,” said Max Nikolaev, Senior Vice President

Customers of CARBO will now be able to understand their reservoir performance through production monitoring better, marker/tracer monitoring of production inflow profiles, reservoir management, and digital oilfield services based on dynamic zonal inflow production profiling.

“Tracer-embedded coating for propping materials is one of the key solutions in our technological portfolio. Strategic partnership with Carbo Ceramics is a high recognition of technology capabilities and will allow the technology to reach out to more operators worldwide,” said Anna Belova, VP Global Business Development for GEOSPLIT.

About CARBO Ceramics Inc

CARBO® is a global technology company that provides products and services to several markets, including oil and gas, industrial, agricultural, and environmental markets, to enhance client value.

CARBO Energy – is a leading provider of market-leading technologies to create engineered production enhancements solutions that help E&P operators to design, build and optimize the frac – increasing well production and estimated ultimate recovery and lower finding and development cost per barrel of oil equivalent.

For more information, please visit www.carboceramics.com or contact Joshua Leasure, Director Technology Sales Joshua.Leasure@carboceramics.com

About GEOSPLIT

GeoSplit Middle East FZE is an international digital oilfield service company offering a tracer-based production profile surveillance technology for oil and gas wells. The GeoSplit technology portfolio provides a stream of data on the oil and gas well production pattern for years without well intervention. The data becomes a decision-making support tool and gives recommendations on addressing specific objectives of field operators and customers in such segments as hydrocarbon development, production, reservoir management, and optimization.

For more information, please visit www.geosplit.org or contact Anna Belova, VP Global Business Development a.belova@geosplit.org

Contact Information

Joshua Leasure
Director Technology Sales, CARBO
joshua.leasure@carboceramics.com
281-921-6490

Anna Belova
VP Global Business Development, GEOSPLIT MIDDLE EAST FZE
a.belova@geosplit.org
+31 611 255342

SOURCE: CARBO

Henley & Partners: Invest in Namibian Real Estate and Secure Residence Rights

LONDON, March 01, 2023 (GLOBE NEWSWIRE) — The world’s latest investment migration option — and Africa’s second — the Namibia Residence by Investment Program has been launched by Henley & Partners, the global leaders in residence and citizenship planning.

The Namibian government is actively seeking foreign investment to boost the country’s economic growth and diversify the economy. The program provides numerous opportunities for international investors seeking a foothold and growth on the African continent, including tax incentives, financing, and a one-stop bureau service for international companies. For a minimum real estate investment of USD 316,000 in the new luxury golf and eco-friendly President’s Links Estate in Walvis Bay, successful investors will receive a five-year, renewable work permit which gives them the right to live, do business, and study in Namibia.

Group Head of Private Clients at Henley & Partners, Dominic Volek, says, “We are delighted to announce this innovative new residence by investment offering in Africa. Namibia’s stunning landscape, attractive tax system, and business-friendly environment make it an ideal option for international entrepreneurs, high-net-worth individuals, or retirees. There are fewer than 600 real estate units available in this exclusive coastal estate that qualifies for residence, so investors need to move quickly if they want to take advantage of this limited opportunity to secure residence rights in one of the most nature- and wildlife rich countries in the world.”

One of Africa’s fastest growing private wealth markets

The total private wealth currently held on the African continent is USD 2.1 trillion and is expected to rise by 38% over the next 10 years, according to the Africa Wealth Report, published by Henley & Partners in partnership with New World Wealth. Namibia is expected to be one of Africa’s fastest growing markets going forward, with high-net-worth individual (those with wealth of USD 1 million or more) growth of over 60% forecast for the next decade (until 2032). According to New World Wealth’s December 2022 statistics, Namibia holds USD 26 billion in total investable wealth. The average wealth of a resident of Namibia (wealth per capita) is USD 10,050, ranking as the third highest in Africa after Mauritius and South Africa. The nation is home to around 2,100 high-net-worth individuals and three centi-millionaires (with wealth of USD 100 million or more).

To attract inward investment, the government has made major improvements to its tax system in recent years. Namibia operates a source-based tax system, which means that foreign residents are generally only taxed on the income they generate in the country. What is more, tax rates are relatively competitive compared with many other emerging markets and particularly with neighboring countries such as South Africa. The top rate of income tax in Namibia is a modest 37%, but perhaps most notably there are no capital gains, estate, gift, inheritance, or net wealth/worth taxes.

Unprecedented interest in domicile diversification

Currently, the President’s Links Estate is the only investment route for the Namibia Residence by Investment Program. Group Head of Real Estate at Henley & Partners, Thomas Scott, says international real estate has always been a reliable asset class for global investors due to its long-term staying power. “Real estate–linked investment migration programs such as the offering in Namibia have the additional advantages of enhancing your global mobility and expanding your personal access rights as a resident or citizen of additional jurisdictions, creating optionality in terms of where you and your family can live, work, study, retire, and invest. The potential gains over the lifetime of this investment include the core value of the asset, rental yields, and global access as an ultimate hedge against both regional and global volatility.”

Volek points out that there has been significant and ongoing growth in the demand for residence and citizenship by investment options over the past few years. “The appeal of investment migration for affluent families is truly universal due to its many benefits, ranging from domicile diversification to global mobility enhancement, to accessing world-class education and healthcare, to having a plan B in times of turmoil. No matter where you were born, or where you currently reside, wealthy investors can futureproof themselves and their families for whatever might lie ahead through investment migration options such as the new Namibia Residence by Investment Program.”

Media Contact

Sarah Nicklin
Group Head of PR
sarah.nicklin@henleyglobal.com
Mobile: +27 72 464 8965

GlobeNewswire Distribution ID 1000795319

President of Tunisia Receives Prince Abdulaziz bin Saud and Arab Interior Ministers

Tunis, President Kais Saied of the Republic of Tunisia received Prince Abdulaziz bin Saud bin Naif bin Abdulaziz, Minister of Interior and Honorary President of the Council of Arab Interior Ministers, and Arab Interior Ministers who were participating in the 40th session of the Council of Arab Interior Ministers at the Carthage Presidential Palace today.

During the meeting, the Tunisian President emphasized the important role of the Council of Arab Interior Ministers in coordinating security cooperation between Arab countries. He also extended his best wishes for the success of the Arab Interior Ministers in their ongoing 40th session of the Council of Arab Interior Ministers in Tunis. He expressed his hope that the meeting’s outcomes would fulfill the aspirations of Arab leaders and their people.

Source: Saudi Press Agency

KSrelief Continues Distributing Relief Items to People Affected by Earthquake in Aleppo Governorate, Syria

Jandris, King Salman Humanitarian Aid and Relief Center (KSrelief) distributed 11,156 blankets and 11,156 mattresses in Aleppo Governorate yesterday, Syria, benefiting 14,082 people, in cooperation with the International Organization for Wars and Disasters Victims.

This comes within the framework of the Saudi Relief Airlift, dispatched by KSrelief, to help the people affected by the earthquake in Syria and Turkiye, in implementation of the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, and an embodiment of the Kingdom of Saudi Arabia’s humanitarian role.

Source: Saudi Press Agency

Arab Interior Ministers Hold 40th Session of Council of Arab Interior Ministers

Tunis, Under the auspices of President Kais Saied of Tunisia, Arab ministers of interior today held the 40th session of the Council of Arab Interior Ministers.

The Kingdom’s delegation was headed by Prince Abdulaziz bin Saud bin Nayef bin Abdulaziz, the Minister of Interior and the Honorary President of the Council of Arab Interior Ministers.

Prince Abdulaziz bin Saud delivered a speech at the outset of the meeting, conveying greetings of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister—their aspirations for the meeting to achieve results that can enhance the joint Arab security.

The prince also thanked President Saied for attending the meeting, the Tunisian people, and Tunisian Minister of Interior Tawfiq Sharafuddin for inaugurating the session and providing all necessary means for the success of the event, welcoming new ministers of interior who joined the council recently.

Prince Abdulaziz also stressed that the Council of Arab Interior Ministers, during its previous session, realized several gains and achievements in several comprehensive tracks that changed thoughts and ambitions into reality.

Prince Abdulaziz bin Saud continued: “Our world is witnessing rapid developments that resulted in multiple security and social threats, such as the spread of drugs, which destroy societies, target young people and destroy all the foundations of development and prosperity. Therefore, the enhancement of applying the envisioned Arab cooperation model requires support for integration and coordination efforts and exchanging experience and expertise to develop means and mechanisms based on comprehensive analytical studies of data and information on all types of crimes to prevent and combat them, according to a comprehensive system of security strategies, plans, policies and decisions in its overall concept. I am certain that we can overcome all the challenges facing the security and stability of our Arab countries based on the high values of your distinguished council, which has contributed to successive achievements that drive us to look towards a future based on the highest degree of protection for our societies against crimes to live in a secure, safe and stable Arab world.”

Later, the council discussed topics on its agenda, including a report by the secretariat general between the 39th and 40th sessions of the council, a report by the Naif Arab University for Security Sciences on the work progress of the university between the 39th and 40th sessions of the council, and recommendations from conferences and meetings held within the secretariat general in 2022, and the results of joint meetings with Arab and international institutions working in areas concerned with cybersecurity, cybercrime and counter-terrorism.

At the end of the meeting, the council’s Secretary General read the council’s final communiqué.

Source: Saudi Press Agency

HRC President Meets with Head and Representative of OCHA in Geneva

Geneva, Dr. Hala bint Mazyad Al-Tuwaijri, President of the Human Rights Commission (HRC), met with Ramesh Rajasingham, Head and Representative of OCHA in Geneva and Director of the Coordination Division, at the United Nations headquarters in Geneva. The meeting was held in the presence of Abdulmohsen Bin Khothaila, Permanent Representative of the Kingdom of Saudi Arabia to the United Nations Office in Geneva, on the sidelines of the 52nd session of the UN Human Rights Council meetings.

During the meeting, they discussed several issues of mutual concern and explored ways to enhance bilateral cooperation in various fields, particularly in promoting, protecting, and developing human rights.

Source: Saudi Press Agency

Minister of Foreign Affairs Leaves for New Delhi to Participate in Meeting of Foreign Ministers of G20 Countries and 8th Session of Raisina Dialogue Forum

Riyadh, 01 March 2023, SPA — Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs, will leave today for New Delhi, the Republic of India, to participate in the meeting of foreign ministers of the G20 countries. The Minister of Foreign Affairs will also participate in the 8th session of the Raisina Dialogue Forum, which is scheduled to be held from 1 to 03 March 2023.

The Minister of Foreign Affairs will discuss with the participants in the meeting of the G20 countries and the Raisina Dialogue Forum the most important issues and developments at the international arena and the promotion of multilateral action to achieve prosperity in the world, in addition to holding a series of bilateral meetings with the foreign ministers of the brotherly and friendly countries.

Source: Saudi Press Agency

In the presence of HRH the Crown Prince, Shareek program announces the first wave of supported projects worth SAR 192.4 billion across 8 companies

Riyadh, 01 March 2023 — In the presence of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister, and Chairman of the Large Companies Investment Committee, a ceremony was held today to announce the first wave of projects supported by the Shareek program, the Kingdom’s dedicated program for large companies, designed to help unlock the full potential of Saudi Arabia’s private sector, and contribute to achieving the national targets defined by Vision 2030.

The program was launched by HRH the Crown Prince on 30 March 2021, who closely oversees its implementation as the Chairman of the Large Companies Investment Committee. To date, 28 companies are enrolled in the Shareek program.

A number of senior government ministers and private sector leaders attended the ceremony and witnessed the signing of framework agreements for 12 projects that have been approved within the Shareek incentives criteria, across eight companies, in a number of strategic sectors. These projects will contribute to the Kingdom’s economic growth, diversify industries, promote innovation, and further enable public-private partnerships.

The Shareek program is helping eligible companies accelerate planned projects and identify new potential partnerships and investment opportunities through government support.

The first wave of supported projects will have strategic impact on several economic sectors in the Kingdom, encompassing investments worth (SAR 192.4 billion). SAR 120.23 billion will be spent by large companies by the end of 2030, to achieve more than SAR 466.83 billion in GDP growth by 2040 and create 64,451 local jobs.

In a speech during the ceremony, His Excellency Abdulaziz Al-Arifi, CEO of Shareek program, stated that the Kingdom’s Vision 2030, led by His Royal Highness the Crown Prince, contributes to making the Kingdom a leading destination for investment and growth, with its focus on bolstering partnerships with the private sector as a key catalyst for sustainable economic development. Furthermore, the Shareek program has become a key choice for large private sector companies, evidenced by the 12 projects enabled by the program across four sectors.

H.E Al-Arifi pointed out that the overall value of the announced investments is around SAR 192 billion, including SAR 120 billion spent by large companies by the end of 2030 to achieve more than SAR 466 billion in GDP growth by 2040, equating to an economic multiplier of 2.43.

H.E Al-Arifi added that these projects support the growth of eight national companies and contribute to raising their international competitiveness, in addition to generating a strong ripple effect across entire value chains, which results in great investment opportunities for a wider segment of the private sector. The broad economic impact is one of the main criteria considered by Shareek when assessing potential projects, H.E Al-Arifi concluded.

The signing ceremony included the announcement of strategic projects as follows:

Aramco will receive support to accelerate implementation of five projects which will create more than ten thousand jobs, including a joint venture steel plate manufacturing project, aiming to make Saudi Arabia 100% self-sufficient for steel plate demand by 2030; a cloud project which will attract Google Cloud services into the Kingdom and establish Saudi Arabia as a hub for advanced cloud computing technologies; an engine manufacturing project which will aid in the development of a sustainable maritime sector and unlock greater value from metals and machinery sectors, which are central to diversified industrial development; a casting and forging project in Ras Al Khair, which will enhance the integration of industrial supply chains in the Kingdom, and the Amiral Petrochemical Complex project, contributing to the localization of chemicals production, with the aim to strengthen the Kingdom’s global leadership in the petrochemical industry.

Also in the energy sector, ACWA Power will receive Shareek support for the construction of the world’s largest green hydrogen plant, which is being developed in partnership with NEOM Green Hydrogen Company and Air Products Qudra. The project demonstrates Saudi Arabia’s capabilities as a green energy leader, in support of the Kingdom’s net zero ambitions.

Saudi Arabian Mining Company (Ma’aden) will receive support to accelerate its Phosphate 3 project in Wa’ad Al Shamal, which is set to position the company as the third largest global producer of phosphate fertilizers by 2029 and enhance the Kingdom’s position in the world’s agricultural value chain, aiding global food security.

Within the Kingdom’s petrochemicals sector, the industry leader SABIC has received support for a catalyst project, primed to reduce Saudi Arabia’s import dependency and enhance its position as an exporter by establishing KSA’s first catalyst manufacturing hub.

Through a joint venture, Shareek will provide support to Advanced Petrochemical Company to produce methionine, which will contribute to enhancing food security in the Kingdom and raising the efficiency of food security.

In the growing telecommunications industry, stc will implement an EMC cable project, strengthening Saudi Arabia’s position as a MENA region digital hub and reliable route for data traffic. Also, Zain Saudi Arabia will be accelerating a data center project, set to help transform the Kingdom into a digital economy by ensuring readiness for future IT advancements.

Saudi logistics giant Bahri will scale up its capacity for ammonia transportation through a project supported by Shareek, set to provide ammonia transport services for the first time in the Kingdom, reducing international vessel dependency and enhancing local content in the logistics sector.

Shareek aims to unlock SAR 5 trillion in domestic private sector investments by 2030 and contribute to the goals set out in Vision 2030, which target an increase in private sector GDP contribution to 65% and an increase non-oil exports from 16% to 50%.

The program is implemented with the support of several sectorial supervisory committees led by senior government officials. The projects announced at the event represent the first wave of supported projects. Many more are expected to be supported, and these will be announced in due course.

Source: Saudi Press Agency