Tag: million

Blockchain Startup TAEGI Secures $20 Million in Series A Funding Round, Accelerating Decentralized Finance Solutions

Blockchain technology has taken another stride forward as TAEGI, a rising star in the industry, announced today that it has secured $20 million in a Series A funding round. This substantial investment is expected to bolster TAEGI’s mission of revolutionizing the financial sector through decentralized finance (DeFi) solutions.
TAEGI, founded by blockchain enthusiasts and has been making waves with its innovative approach to blockchain technology. The company’s goal is to create an inclusive and accessible financial ecosystem, making financial services available to people worldwide without the need for intermediaries.
The Series A funding round was led by prominent venture capital firm [Investor’s Name], along with participation from [Investor’s Name] and [Investor’s Name], among others. [Investor’s Name] expressed excitement about their investment in TAEGI, stating, “TAEGI’s vision aligns perfectly with the future of finance. Their innovative use of blockchain technology has the potential to disrupt traditional financial systems and bring financial services to underserved populations.”
TAEGI’s unique platform offers a range of DeFi solutions, including decentralized lending and borrowing, yield farming, and non-fungible tokens (NFTs). These solutions aim to eliminate intermediaries and reduce costs, making financial services more efficient and affordable.
CEO and co-founder of TAEGI, expressed gratitude for the support of their investors and shared the company’s vision, saying, “We believe that blockchain technology can transform the financial landscape, and this funding will allow us to accelerate our efforts. Our goal is to empower individuals with easy access to financial services, irrespective of their location or background.”
The $20 million in funding will be used to further develop TAEGI’s blockchain technology, enhance security measures, and expand the reach of their DeFi solutions. The company plans to collaborate with industry leaders and regulatory authorities to ensure compliance and promote the adoption of blockchain-based financial services.
As blockchain technology continues to gain momentum, TAEGI’s innovative approach and commitment to decentralization position them as a key player in the evolving landscape of finance. With this significant funding injection, TAEGI is well-positioned to accelerate the development of their DeFi solutions and contribute to the transformation of the financial industry.
In conclusion, TAEGI’s successful Series A funding round of $20 million marks a significant milestone in their journey to redefine finance through blockchain technology. As they continue to innovate and expand their offerings, the world of decentralized finance may see a promising future, with TAEGI at the forefront.

September 4, 2023
Messi receives $400 million per year offer to join Saudi club Al-Hilal?

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The superstar footballer Lionel Messi after his two-week suspension from Paris St. Germain last week following an unauthorised trip to Saudi Arabia, as per a report from El Chiringuito, has accepted an offer to join Saudi Arabia’s club Al-Hilal next season.
The report suggests that the contract of Argentina’s football striker with Al-Hilal would be worth a breathtaking $400 million offer to join Al-Hilal.
According to media reports, Messi received a special offer from Al Hilal to play against city rivals of Cristiano Ronaldo’s Al Nassr.

The reports came after the 2023 world cup captain Lionel Messi was recently suspended by PSG for his trip to Saudi Arabia for tourism promotion without their approval. reportedly Messi was suspended for two weeks after failing to appear in training on Monday.
Barcelona teammate Sergio Busquets, a prominent Spanish footballer is also rumoured to join Al-Hilal along with Messi.
Messi, who joined PSG from Barcelona two years ago, has a commercial contract with Saudi Arabia to promote tourism in the Middle Eastern country. There has been speculation about Messi’s future, especially after reports that contract talks with PSG had broken down. Some PSG fans have even booed Messi amid the team’s inconsistent campaign. Messi has scored 15 league goals and leads the French league with 15 assists.
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( With inputs from www.siasat.com )

May 9, 2023
Saudi: Jeddah airport serves over 4.4 million Umrah pilgrims

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During the holy month of Ramadan and the Eid Al-Fitr holiday, the King Abdulaziz International Airport handled more than 4.4 million passengers.
The Jeddah Airports Company declared the peak Umrah season operation as a success, for this year 1444 AH (2023)
By adopting the operational plan for the Umrah season earlier this year, Jeddah Airports increased its readiness to accommodate the anticipated large numbers of people arriving to perform Umrah through the airport terminals during Ramadan.

The terminals were facilitated with the best equipped to provide passengers with a seamless travel experience by offering the best services at the highest levels of performance, Ayman Aboabah, CEO of Jeddah Airports Co said.
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#Saudi #Jeddah #airport #serves #million #Umrah #pilgrims
( With inputs from www.siasat.com )

May 9, 2023
Kuwait cancels over 1.15 million visas of expats in 3 years

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Kuwait: Over 1.15 million visas of expatriates was cancelled by Kuwait during the three years, untill the end of March 2023, local media reported.
The number of those who left the country between January 2022 and April 2023 reached 67,000, and 11,000 of them were issued “administrative deportation” decisions in the first quarter of this 2023.
In 2022, Kuwait has deported some 40,000 illegal expatriates, who violated residence and labour laws.

According to Arabic daily Al-Qabas, the year 2022 witnessed the cancellation of the residency of 56,279 expatriates.
The cancellation of these residences is due to many reasons, in addition to the desire of the residence owner to leave, and the issuance of deportation orders for violating the labor and residence laws.
The local labor market has recently seen the entry of large numbers of labor force, despite the closure that the market saw, which coincided with the COVID-19 pandemic and its repercussions on many sectors.
Official data stated that the year 2022 witnessed a significant recovery in the labor market, as 67,000 workers entered the country for the first time, 64 percent of whom were domestic workers.
In 2021, 227,000 expatriates left the country, with around 160,000 leaving without compensation, most of whom worked in the private and family sector as domestic workers.

The number of domestic workers in Kuwait is about 750,000 workers, who account for about 22 per cent of the total expatriate workforce, which amounts to a total of 3.4 million people.
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( With inputs from www.siasat.com )

May 2, 2023
Afghanistan’s central bank sells USD 14 million to keep local currency stable

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Kabul: Afghanistan’s central bank Da Afghanistan Bank (DAB) sold $14 million by auction on Sunday to stabilise the exchange rate of the national currency afghani, the bank said in a statement released here on Sunday.
The local currency afghani has been tumbling against foreign currencies, especially the US dollar, over the past couple of months. The exchange rate of 1 US dollar increased from last week’s 86 afghani to 87.15 afghani on Sunday, Xinhua news agency reported.
Afghanistan’s central bank has injected millions of US dollars into the country’s money-exchange market over the past month to prevent the fall of the afghani against foreign currencies.

Afghanistan has received more than 2 billion dollars in cash over the past 18 months as part of the international community’s humanitarian aid to prevent the economic collapse of the cash-strapped country.
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( With inputs from www.siasat.com )

April 30, 2023
Former Indian-origin employee sent to jail for stealing USD 17 million from Apple

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San Francisco: Dhirendra Prasad, a former Apple employee who was charged with defrauding tech giant Apple and related tax crimes, has been sentenced to three years in prison and ordered to pay more than $19 million.
He was charged in March 2022 for stealing around $17 million from the iPhone maker through mail and wire fraud schemes.
Prasad, 55, from Mountain House in San Joaquin County, pleaded guilty to one count of conspiracy to commit mail fraud and wire fraud and one count of conspiracy to defraud the US on November 2, 2022.

The remaining counts were dismissed at sentencing, the US Department of Justice (DOJ) said in a statement.
The criminal conduct centred around Prasad’s employment at Apple from December 2008 through December 2018.
For most of that time, he was a “buyer” in Apple’s Global Service Supply Chain. It was Prasad’s job as an Apple buyer to facilitate the process through which Apple bought parts to perform warranty repairs on older devices.
According to the Justice Department, Prasad exploited his position and conspired with two separate Apple vendors to defraud the iPhone maker by taking kickbacks, stealing parts, inflating invoices, and causing the tech giant to pay for items and services it never received — resulting in a loss to Apple of more than $17,000,000.
In addition to engaging in two separate criminal conspiracies with Apple vendors, Prasad also acknowledged that he evaded tax on the proceeds of his schemes.

By virtue of his position at Apple, “Prasad was given substantial discretion to make autonomous decisions to benefit his employer”.
He abused his power to enrich himself at his employer’s expense — all while accepting hundreds-of-thousands of dollars worth of compensation from Apple in the form of salary and bonuses.
“Additionally, Prasad used his insider information regarding the company’s fraud-detection techniques to design his criminal schemes to avoid detection,” said the DOJ.
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( With inputs from www.siasat.com )

April 30, 2023
Top Dem super PAC starts Biden ad blitz, pledges $75 million campaign effort

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The president’s long-awaited announcement on Tuesday allows Biden to begin fundraising for what will be an expensive campaign. But his April launch also gave the green light for Democratic groups like Priorities USA to jumpstart 2024 efforts backing the president.
“It is essential to remind voters of what’s at stake in 2024, and to do so online. Issues such as abortion access, protecting our climate, curbing gun control, making health care more affordable and making our economy work for every American will be the centerpieces of this campaign,” said Danielle Butterfield, the group’s executive director.
Founded in 2011, Priorities USA is among the Democratic Party’s largest political action committees. But it won’t be the only one supporting Biden, or the main one for that. Future Forward, which already has been running TV ads, will likely be Biden’s primary outside spending apparatus, though American Bridge and others are also expected to have a share in the campaign’s portfolio.
There was also some uncertainty about the role Biden-allied Building Back Together might play after the 2022 election. But instead of paid media campaigns, BBT will focus on coordinating among Democratic groups to highlight the Biden administration’s efforts to implement the president’s agenda.
Priorities’ ad, titled “Our Strength, Our Champion,” focuses on the Biden administration’s accomplishments and echoes the tone of Biden’s announcement video — with imagery of Jan. 6 and Biden’s leading GOP opponent, former President Donald Trump. House Speaker Kevin McCarthy, Rep. Marjorie Taylor Greene (R-Ga.) and Florida Gov. Ron DeSantis, another expected 2024 GOP candidate, make appearances as well. The ad will stream in English and Spanish.
The ad then runs through a list of Biden’s accomplishments, noting that he has “worked across the aisle,” “protected marriage equality,” “took historic climate action,” and “lowered health care costs.”
In the final seconds of the video, with Biden’s voice playing in the background, “Joe Biden is fighting with us. Let’s finish the job together” flashed across the screen.
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#Top #Dem #super #PAC #starts #Biden #blitz #pledges #million #campaign #effort
( With inputs from : www.politico.com )

April 26, 2023
Over 2.6 million worshippers attend Makkah’s Grand Mosque on Shab-e-Qadr

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Riyadh: As the holy month of Ramzan nears its end, more than 2.6 million worshippers attended Qiyam Al Layl prayers at the Grand Mosque in Makkah on Monday, the 27th night of Ramzan 1444, believed to likely be Shab-e-Qadr.
The Grand Mosque and its courtyard were filled with worshippers who came to perform the Isha prayer, Taraweeh prayer, and Qiyam Al Layl.
Worshippers perform Qiyam Al Layl, a prayer that begins after midnight and ends before the dawn prayer.

Videos circulated on social media platforms showed, Grand Mosque and its courtyards were filled, with rows of worshippers spilling over to the streets of the Central Haram area.
The Saudi authorities have made meticulous security arrangements for the smooth flow of worshippers, enabling them to spend the blessed night in a very spiritual and calm atmosphere.
The General Presidency for the Affairs of the Grand Mosque and the Prophet’s Mosque said that its field teams were able to guide the worshippers as they entered through the three gates of the Grand Mosque, all the way to the upper floors to ensure order and smooth movement of worshippers.
Hundreds of thousands of worshipers also participated in the revival of Shab-e-Qadr at the Prophet’s Mosque in Madinah, but no official statistics were available on their exact numbers.
What is Shab-e-Qadr?
Shab-e-Qadr, or Laylat al-Qadr, or Night of Power, is when Quran was revealed to the Prophet Mohammed. The exact day upon which it falls is not known but the prophet said it falls on an odd-numbered night during the last ten days of Ramzan.

The 21st, 23rd, 25th, 27th and 29th nights of Ramzan may be Laylat al-Qadr, so this period is of great importance for Muslims.
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( With inputs from www.siasat.com )

April 19, 2023
Fox News reaches $787.5 million settlement in Dominion’s defamation lawsuit

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Members of the legal team representing Dominion Voting Systems leave the Leonard Williams Justice Center on Tuesday in Wilmington, Del. | Chip Somodevilla/Getty Images
By Matt Taylor
04/18/2023 04:16 PM EDT
Updated:
04/18/2023 05:37 PM EDT
WILMINGTON, Del. — Fox News agreed to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit over false elections claims, Dominion’s lawyers said Tuesday.
The voting machine company accused the conservative network of deliberately spreading bogus conspiracy theories about its products after the 2020 election in a bid to win back viewers. Dominion’s lawsuit had asked for $1.6 billion in damages before the two sides reached the last-minute settlement after a jury had been selected and as the trial was about to begin.
“The truth matters. Lies have consequences,” Dominion attorney Justin Nelson said outside the courthouse. “Over two years ago, a torrent of lies swept Dominion and election officials across America into an alternative universe of conspiracy theories, causing grievous harm to Dominion and the country.”
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( With inputs from : www.politico.com )

April 19, 2023
Saudi: Over 50 million passengers used Makkah buses in 2022

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Riyadh: The Kingdom of Saudi Arabia (KSA) has announced that Makkah buses set a new record after the number of its users exceeded 50 million since its launch in mid-February 2022 until April 2023, the Saudi Press Agency (SPA) reported.
The Royal Commission for the Holy City of Makkah and Holy Sites announced 50 million, as a new number, after it achieved last December 2022 an increase of 71 percent, reaching 25 million passengers, compared to the expected estimates of bus users for the entire year.
Expected estimates indicate that this number will double in the coming period, as it meets the needs of the residents and visitors of Makkah.

The CEO of the Royal Commission for the Holy City of Makkah and Holy Sites, Engineer Saleh bin Ibrahim Al-Rasheed, said, this increase exceeded expectations, as the technologies used contributed to that increase.
He added that the capacity also contributed to achieving this number, as the articulated buses operate with a capacity of 125 passengers, while the regular buses operate with a capacity of 85 passengers, and were operated through 12 lanes and 438 stopping stations.
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( With inputs from www.siasat.com )

April 16, 2023