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MITHRA Metals advances strategic nickel laterite initiative in Ethiopia

Newszy: Abu Dhabi — MITHRA Metals Holding, a private investment firm headquartered in Abu Dhabi Global Market, has announced the advancement of a strategic nickel laterite initiative in Southern Ethiopia, expanding its critical minerals portfolio across Africa and Middle East. The initiative is being advanced through a majority-controlled Ethiopian subsidiary holding exploration licenses issued by Federal Democratic Republic of Ethiopia Ministry of Mines. The company currently retains approximately 201.55 km² under the first exploration license renewal and 131.50 km² under the second license area, representing a combined retained exploration footprint of approximately 333 km². Positioned within a recognized mineral corridor The project is located in the Moyale region within the Mozambique Metamorphic Belt, a globally recognized mineral corridor extending from Southern Ethiopia through Tanzania, Burundi, Mozambique, and Madagascar. The belt is home to the East African Nickel Belt, which hosts several major nickel deposits across the region. “This initiative aligns with our long-term strategy of investing in energy transition metals and sustainable mining projects supporting the global shift toward electrification, battery storage, renewable energy infrastructure, and responsible industrial development,” said a company spokesperson. Exploration confirms nickel laterite systems Geological exploration and discovery drilling activities have confirmed the presence of significant nickel laterite systems. Drillhole highlights include 15.0 m at 2.3% Ni, 15.0 m at 3.4% Ni, and 15.7 m at 4.1% Ni. Trench results include 18.0 m at 1.8% Ni, 11.8 m at 1.7% Ni, and 14.5 m at 1.1% Ni. Nickel laterites are supergene ore bodies formed by the enrichment of dispersed nickel and cobalt through intense chemical weathering of ultramafic rocks such as dunite, peridotite and serpentine. They are globally important due to large-scale resource potential, long mine-life capability, surface-accessible mineralization, potential cobalt by-products, and suitability for battery-grade nickel production. Supporting future clean-energy supply chains Nickel is essential for electric vehicle batteries, grid-scale energy storage, hydrogen technologies, renewable power infrastructure, and stainless steel manufacturing. Global nickel demand continues to rise steadily, particularly in Asia and battery manufacturing markets. It is predicted that global primary nickel supply could already be in short supply by 2028. “We believe Ethiopia is strategically positioned to become an important future participant in the global critical minerals economy due to untapped geological potential, expanding mining reforms, growing international interest, and vast in-country energy resources,” told the spokesperson. “Our long-term development approach prioritizes responsible resource management, environmental assessments, local stakeholder engagement, and sustainable operational practices aligned with international ESG expectations.” About MITHRA Metals MITHRA Metals Holding is a private investment firm based in Abu Dhabi, focused on energy transition and precious metals exploration, development, and mining opportunities across Africa and the Middle East. It combines mining, trading, and financial expertise with a strategic focus on sustainable resource development and long-term value creation.

Central Asia’s New Financial Hub Tamchy SFIT Opens Its First Business Centre

Established on the shores of Kyrgyzstan’s Lake Issyk-Kul, Tamchy SFIT is positioning itself as Central Asia’s premier financial destination, offering a zero tax rate for 49 years, English common law protections, and full profit repatriation rights. Newszy: Bishkek, Kyrgyzstan – The Tamchy Special Financial Investment Territory (Tamchy SFIT) has opened its first business centre on the shores of Lake Issyk-Kul, marking the territory’s transition from regulatory framework to operational reality as it prepares to welcome its first resident companies. The 3,850-square-metre facility offers office and co-working space, multifunctional conference halls and meeting rooms. A restaurant and café are expected to open on the premises in the coming months. “We are building bridges between the CIS, Asia, the Middle East, Europe and Africa” “Tamchy SFIT has come at precisely the moment when international business is actively seeking new anchors of trust. The opening of our first business centre marks the beginning of real operational life on this territory. We are building financial and logistical bridges between the markets of the CIS, Asia, the Middle East, Europe and Africa. Today, that bridge has its first address. The venue is actively preparing to welcome its first residents,” said Ayaz Baetov, Chair of the Tamchy SFIT Management Council and Minister of Justice of the Kyrgyz Republic. Ahead of the opening, the Management Council established the Management Company, approved the financial centre’s development plan and adopted its inaugural package of regulatory measures. A selection process for the Chair and judges of the International Centre for Dispute Resolution is currently under way. Tamchy SFIT was established under Law No. 136 of the Kyrgyz Republic, dated 10 July 2025, across approximately 6,000 hectares on the shores of Lake Issyk-Kul. Resident companies will operate under English common law principles, benefit from a zero tax rate for 49 years and retain the right to full repatriation of profits. By 2035, the territory aims to host more than 3,900 companies and create over 10,000 jobs.

STS DIGITAL JOINS GLOBAL ELITE WITH WEALTHBRIEFINGASIA AWARD

Newszy: Singapore: Leading financial services industry participant, STS Digital has been selected as a winner in the following category at The WealthBriefingAsia Awards 2026. Structured Products Solution Showcasing the ‘best of breed’ across the Asia region, the WealthBriefingAsia Awards are designed to recognise outstanding organisations, grouped by specialism and geography, that have demonstrated true innovation and excellence over the past year, as judged by a prestigious panel of independent experts. Each award category is highly competitive and evaluated through a rigorous, impartial process, which is what makes a WealthBriefingAsia award especially coveted among industry leaders. These awards form part of a global awards program run by WealthBriefingAsia and its sister publications, WealthBriefing and Family Wealth Report, covering all major wealth management centres worldwide. In today’s challenging environment, global participants understand the significance of such recognition. Winning a WealthBriefingAsia award sends a powerful message to clients, offering reassurance in the strength, stability, and sustainability of the winner’s business and operating model. Commenting on the firm’s triumph, Jeremy Dominh, Head of Structured Products and QIS, STS Digital Ltd. said: “We are honoured to be recognised with this prestigious award. This achievement reflects the unwavering commitment of our team to delivering exceptional service, innovative solutions, and long-term value to our clients. Being acknowledged by the WealthBriefingAsia Awards is a proud moment for us and reinforces the strength of our vision and strategy.” Commenting on the firm’s triumph, Maxime Seiler, CEO and Co-Founder, STS Digital Ltd. said: “This recognition is a proud milestone for STS Digital and reflects the exceptional work of our team in building a trusted institutional platform for digital asset trading and liquidity. From day one, our ambition has been to combine derivatives expertise, disciplined risk management, and institutional infrastructure to create a differentiated offering for our clients. As institutional participation in digital assets accelerates, we remain focused on delivering execution quality, innovation, and resilient market access at scale.” Stephen Harris, CEO of Clearview Financial Media and publisher of WealthBriefingAsia, was the first to congratulate this year’s winners and highly commended firms: “Every category winner and highly commended firm has undergone a rigorous and independent judging process and should be rightly proud of their achievements this year. We’ve seen a significant increase in both the number of entrants and the level of interest across all our global awards programmes and WealthBriefingAsia is no exception.” “These awards are immensely valuable as they offer organizations and individuals the opportunity to sharpen their strategic thinking, gain independent validation, be recognized both internally and externally, and celebrate their success in style with industry peers.” “I extend my heartfelt congratulations and best wishes to all winners and highly commended firms. They are all worthy recipients and now join an elite group of wealth management professionals who represent the very best of the industry across Asia and beyond.” Winners and highly commended companies were announced on 28th May 2026 at the gala ceremony at The Fullerton Hotel, Singapore. For media enquiries, journalists should contact: Karen Bertoli, Chief Marketing Officer (CMO) STS Digital E: karen@stsdigital.io T: +1 (305) 216 4190 About STS Digital Ltd. STS Digital Ltd. is a regulated principal trading firm specialised in digital asset derivatives and structured products, providing institutional-grade market access to professional clients and financial institutions. Clients can trade more than 400 tokens across vanilla and exotic options, spot, and structured products through a unified platform spanning UI API, and voice channels. Founded by derivatives veterans, STS Digital Ltd. delivers deep liquidity, competitive pricing, and rigorous risk management to ensure a seamless trading experience. STS Digital Ltd. is licensed under the Bermuda Monetary Authority (BMA), holding a DABA F Licence. The BMA is a tier-one financial regulator with active membership in the IAIS, FSB, and OECD. STS Digital is backed by leading industry investors including CMT Digital, Kraken’s parent Payward, Arrington Capital, Strobe Ventures, F-Prime, and BitRock Capital.  W: https://www.stsdigital.io/ About Clearview Financial Media Ltd (“Clearview”) Clearview Financial Media was founded in 2004 by Chief Executive Stephen Harris, with a mission to deliver high-quality, ‘need-to-know’ intelligence for the global private wealth community. Headquartered in London with a truly international reach, Clearview is the publisher of the WealthBriefing group of newswires, complemented by in-depth research reports, newsletters, and a global program of thought-leadership events and prestigious awards. Clearview continues to serve as a trusted source of insight, recognition, and connection for leading professionals in the wealth management and family office sectors worldwide.

Technology

News

Lifestyle

6 Levoit home heroes you didn’t know you needed this Eid

DUBAI, UAE, May 15, 2026 /PRNewswire/ — Oud smoke curling into the majlis. Coffee cups clinking. A crush of “Eid Mubarak.” After Ramadan, our deepest instinct is to gather and protect our family’s wellbeing. At Levoit, wellness lives in the air, the comfort, the clean floors. These 6 essentials tackle Eid hosting pain points, freeing you to soak up blessings. Core 600 Air Purifier — Majlis Freshener Spiced lamb and fried kibbe aromas cling; desert dust and smog trigger sniffles. VortexAir™ with ultra-high CADR captures 99.97% particles, auto-mode reacts instantly. Your home smells only of welcome. PlasmaPro Core 400s — Silent Healer Cheek kisses and handshakes spread germs; bakhoor smoke stings airways. PlasmaPro neutralises viruses, HEPA traps smoke and allergens, so traditions stay pure. Sprout Air Purifier — Nursery Genie Guests stir up dust and dander. A noisy purifier wakes the baby. The Sprout’s 24dB Sleep Mode and 3-stage filtration cocoon your little one silently. Classic 300s Humidifier — Oasis Keeper AC creates a desert—parched throats, cracked lips, static shocks. Ultrasonic humidification with aroma box restores moisture; top-fill design prevents spills. Smart Pedestal Fan — Social Breeze A crowded room turns into a heat pocket; ceiling fan drafts disturb. Wide, smooth airflow, phone control, quiet DC motor keep everyone cool. LVAC-300 Vacuum — After-Feast Magician Maamoul crumbs, sand, pet hair grind into rugs. Cordless, lightweight with cyclone filtration makes clean-up a 60-second ritual. Guest-ready before the next “Ahlan wa sahlan.” This Eid, let Levoit cradle the invisible parts of your home—the air, the quiet, the disorders—so you pour every ounce of yourself into the moments that matter. A home that breathes well, loves well. Eid Mubarak. May your celebrations be as pure, fresh, and abundant as the air you deserve. Ready to elevate your Eid wellness? Explore exclusive offers at Levoit.ae and shop via our official distributors: Amazon, ACE, Carrefour, Eros, Jumbo, Lulu, Mumzworld, Noon, Sharaf DG and many more. Bring home the heroes your family will feel, not just see. Levoit — Feel the Wellness. ABOUT LEVOIT Since 2017, Levoit has been dedicated to helping the world breathe a little easier. As a leading air purification brand on Amazon.ae, our products are designed to handle the unique challenges of the Middle Eastern environment, striving for cleaner air, more comfort, and lasting peace of mind in every home. CONTACT: pr.gcc@vesync.com View original content

Ajman Department of Tourism, Culture and Media Strengthens the Presence of Emirati Crafts at “Make it in the Emirates 2026”

AJMAN, UAE, May 7, 2026 /PRNewswire/ — The Ajman Department of Tourism, Culture and Media, in collaboration with the Ministry of Culture, is participating in the second edition of the Artisans Pavilion at the “Make it in the Emirates 2026” Forum; a participation that reflects the Department’s commitment to promoting Emirati crafts and ensuring their sustainability, in alignment with the Ajman Vision 2030 “Ajman for People,” which places people and cultural identity at the heart of the Emirate’s development priorities. This participation underscores the Department’s pivotal role in highlighting cultural heritage as a cornerstone of national identity, by spotlighting “Ornamental Crafts” and their traditional practices including the production of kohl (Ithmid), Burqa mask-making, and henna artistry, all of which reflect the depth of Emirati heritage and its enduring presence across generations. The Ministry of Culture’s platform will host a rich cultural programme featuring two panel discussions examining the social and economic dimensions of craftsmanship. The first session, titled “A Craft’s Story… How the Family Shapes the Nation’s Identity,” focuses on the role of the Emirati family in transmitting craft knowledge and reinforcing its associated values. The second session, “Emirati Crafts: From a Family Experience to Sustainable Economic Value,” explores pathways for developing traditional crafts and transforming them into productive ventures within the creative economy ecosystem. In a statement, His Excellency Mahmood Khaleel Alhashmi, Director General of the Ajman Department of Tourism, Culture and Media affirmed that this participation is an extension of a comprehensive strategic vision aimed at establishing culture as an impactful pillar of development. He noted that Emirati crafts have evolved beyond their status as traditional heritage to become an active force in building a sustainable creative economy. His Excellency stated: “Our participation in the ‘Make it in the Emirates’ Forum stems from our commitment to supporting the targets of Ajman Vision 2030 ‘Ajman for People,’ which places the preservation of national identity and human empowerment at the core of the Emirate’s development journey. We firmly believe that Emirati crafts represent a cultural capital capable of generating distinctive economic opportunities, enhancing the competitiveness of local products, and bridging the past with the present within an integrated development framework.” He added: “We are working to empower craftsmen and craftswomen by providing professional exhibition platforms, developing their skills, and opening new horizons for them to access markets ensuring the sustainability of these crafts and transforming them into innovative ventures that actively contribute to supporting the national economy and reinforcing the country’s position as a hub for creative industries.” His Excellency further confirmed that the Department continues to build effective partnerships with federal and local entities, strengthening the presence of Emirati crafts at national and international platforms, and ensuring that this legacy is passed on to future generations through contemporary approaches that preserve its authenticity while keeping pace with the demands of the modern era. This participation reflects the Department’s vision of making culture a living part of everyday life and a source of inspiration for new generations contributing to sustainable development rooted in people and identity. View original content:https://www.prnewswire.co.uk/news-releases/ajman-department-of-tourism-culture-and-media-strengthens-the-presence-of-emirati-crafts-at-make-it-in-the-emirates-2026-302766036.html

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