Day: November 2, 2021

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Barrows Hotels Comments on Recent Global Investors Meeting

LONDON, Nov. 01, 2021 (GLOBE NEWSWIRE) — The hotel development industry is accelerating the completion of its business improvement initiatives aimed at creating promising new opportunities for investors.

The initiative is supported by the flexibility and effectiveness of relaxed government procedures worldwide and the numerous benefits it offers investors.

The announcement follows a digital meeting with government officials from several countries who see the importance of strengthening the global investment climate.
A large majority of investors say these initiatives will have a positive effect on the business climate in the global hotel industry.

Erwin Jager, chairman of Barrows Hotel Enterprises, confirmed that the hotel industry will continue to create the conditions necessary to strengthen its status for global investment.

As a developer and hotel investor, Barrows Hotel Enterprises focuses on the MENA Region and sees good opportunities after the global pandemic. The company has daily contacts with institutional and private stakeholders within the industry.

We see the accelerated growth of the investment environment in the hotel sector. In today’s post-pandemic world, we need to keep pace with global developments while remaining vigilant and adaptive in our response to the ongoing rapid changes in our industry.

“The relationship with international investors is strong and we remain committed to continuous innovation and creating exceptional business opportunities that will drive growth within the hotel industry,” said Erwin Jager.

Together we ensure that the hotel industry continues to offer opportunities within a very stable, sustainable and attractive environment. This offers huge opportunities worldwide to boost employment

Investors have recently indicated that the improvements will help improve procedures and reduce effort. This creates promising new investment opportunities.

Efforts by government agencies are welcomed with open arms. This allows the hotel industry to continue to create new opportunities to improve and simplify their services.

Media Contact
Barrows Hotel Enterprises
[email protected]
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OKEx launches CME-like portfolio margin system for the crypto industry

VICTORIA, Seychelles, Nov. 01, 2021 (GLOBE NEWSWIRE) — OKEx has announced the launch of a new advanced trading mode for professional and institutional traders — portfolio margin — as part of its efforts to build the world’s most powerful trading platform for crypto traders. The new trading mode is available on the platform’s web and API versions for high-volume traders as of today, Nov. 1.

Portfolio margin on OKEx is designed for high-volume professional traders, including market makers and institutions, looking to substantially reduce their capital requirements. The mode offers traders — and especially market makers for cryptocurrency futures and options — significantly reduced margin calculation. Notably, OKEx sees this new feature as a way to address the current problem of fragmented liquidity across crypto options markets.

A risk management system similar to portfolio margin — standardized portfolio analysis of risk, or SPAN — was first pioneered for traditional finance participants by the world’s largest derivatives exchange, CME Group. With the release of the new portfolio margin mode on OKEx, the platform is leading the way in the cryptocurrency industry by introducing this powerful tool for capital efficiency enhancement and risk management.

OKEx’s version of this trading mode stands out from competitors by allowing for multiple-currency portfolio margining — meaning that a trader can open derivatives positions with significantly reduced margin requirements across multiple currencies at the same time.

With its new portfolio margin mode, alongside industry leading liquidity, OKEx is showing its commitment to providing the most advanced tools and best possible trading experience for its customers.

About OKEx

Founded in 2017, OKEx is one of the world’s leading cryptocurrency spot and derivatives exchanges. OKEx has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, including our recently launched DeFi ecosystem and NFT Marketplace.

Trusted by more than 20 million users in over 180 regions across the globe, its mission is to empower every individual through the promotion and advancement of cryptocurrencies globally.

Andrea Leung
[email protected]

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Indians Launch Racist Tirade Against Darren Sammy After New Zealand Loss

Two-time T20 World Cup-winning captain, Darren Sammy, has become a target of racial abuse by Indian cricket fans after his lighthearted tweet about India’s embarrassing 8-wicket loss to New Zealand on Sunday.

Former West Indian captain Darren Sammy had to face the rage of the Indian fans as he poked fun at India on his Twitter account. Sammy jokingly tweeted, “Ooooops just heard this song playing on my playlist ‘someone please call 911, I’m in trouble I’m in really big trouble.” The tweet was meant to reflect the position of India in the ongoing T20 World Cup.

Indian fans did not take the tweet lightly and launched a racist tirade at the former World Cup winner. Sammy was subjected to disgusting remarks, and some Indian fans went as low as referring to the George Floyd incident. Over the past week, Indian fans have targeted Mohammad Shami for his religious views and the Indian captain, Virat Kohli, for defending Mohammad Shami.

India’s hopes for qualifying for the semi-finals hang by a thread as they suffered their second consecutive loss in the mega event. Previously, they lost to Pakistan by a huge margin of 10-wickets.

Source: Pro Pakistani

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Eoin Morgan Becomes the Most Successful Captain in T20I History

England’s limited-overs captain, Eoin Morgan became the most successful captain in T20I history as England defeated Sri Lanka in the 2021 T20 World Cup on Monday. This was England’s fourth consecutive victory in the mega event and their spot in the semi-finals of the tournament is all but confirmed.

Morgan led England to their 43rd victory under his leadership, overtaking Afghanistan’s former captain Asghar Afghan who led his team to 42 victories in the format. Morgan’s 43 victories have come in 68 matches while Asghar’s 42 victories were achieved in 52 matches only.

Morgan is arguably England’s greatest ever limited-overs captain. He led his side to their first-ever ODI World Cup in 2019 and his record in T20Is is now the best in the cricketing world as well.

England’s captain is followed by Asghar, India’s MS Dhoni, Pakistan’s Sarfaraz Ahmed, and Virat Kohli in the top five most successful captains in T20I history.

Morgan will be determined to lead England to their second-ever T20 World Cup title and equal the record currently held by West Indies. England is considered as strong favorites for the tournament after highly impressive performances in their first four encounters in the T20 World Cup.

Source: Pro Pakistani

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Possible Scenarios for India to Qualify for Semi-Final of T20

Indian cricket team’s hopes of qualifying for the semi-finals of the 2021 T20 World Cup hang by a thread as they lost their opening two matches of the Super 12s stage of the tournament. India lost their first match of the T20 World Cup against Pakistan by 10 wickets and lost their next match against New Zealand by 8 wickets.

India currently sits at the fifth spot in Group 2 with zero points and a net run rate of -1.609. Their two competitors for the semi-finals spot, New Zealand and Afghanistan have more points and a much better net run rate than them. New Zealand has two points from two matches and a net run rate of +0.765 while Afghanistan has four points from three matches with a net run rate of +3.097.

While India’s hopes of qualifying for the next round are minimal, they do still have an outside chance to make it to the semi-finals. India will need other results to go in their favor as their dreams of semi-finals are no longer in their own hands.

Here are the two scenarios which can see India make it to the semi-finals:

Scenario 1

First and foremost, India will need to win their remaining matches against Namibia, Scotland, and Afghanistan. The three victories will put India on six points. Then they will require a number of results to go their way.

India will require Pakistan to win their remaining games against Namibia and Scotland and finish with 10 points on the board. Then they need New Zealand to beat Afghanistan and lose to Namibia and Scotland to finish with 4 points. Afghanistan will need to lose both their matches against New Zealand and India to finish on 4 points and Namibia and Scotland will need to beat New Zealand and lose their other matches to finish with 4 and 2 points respectively.

Scenario 2

In the second scenario, India will again need to win their remaining three matches convincingly to finish on 6 points, and also Pakistan will need to win their remaining two matches to finish on 10 points.

Afghanistan will need to beat New Zealand and lose to India in their last two matches to finish on 6 points. New Zealand will have to beat Namibia and Scotland while losing to Afghanistan to finish on 6 points as well. Namibia and Scotland will need to lose their remaining matches to finish on 2 and 0 points respectively.

The points table will then be decided on net run rate. India will need to win all their matches by huge margins to overcome Afghanistan’s massive net run rate.

Points table if scenario 2 happens:

Source: Pro Pakistani