Open Society Announces $1.7 Million to Support Middle East and North Africa Debt Swap for Sustainable Development

Amman, March 15, 2023 (GLOBE NEWSWIRE) — The Open Society Foundations today announced that they are giving $1.7 million to a United Nations initiative in the Middle East and North Africa region (MENA) that seeks to catalyze increased public spending on achieving the UN’s Sustainable Development Goals by negotiating reduced national debt service payments. Importantly, the initiative provides a channel for MENA civil society organizations to have a voice about where such kinds of innovative financing is needed most.

The two-and-a-half-year project partnership, which will last from April 2023 through September 2025, will support work by the UN Economic and Social Commission for Western Asia (ESCWA) with interested member states and civil society to identify investment projects that prioritize the most urgent needs of MENA societies. ESCWA will support member states in reaching agreements with their creditors to redirect scheduled debt service payments into sustainable local investments.

An emphasis on robust project monitoring and evaluation provides an incentive to creditors who are ready to deliver on their own commitments to climate and sustainable development goals financing in MENA. The initiative is further strengthened by the role of ESCWA’s Advisory Committee, made up of experts with experience implementing debt swaps and providing economic policy advice on inclusive growth in other parts of the world.

Heavily indebted MENA countries have pressing financing needs to address climate adaptation and sustainable development goals, while struggling to recover from fallouts of the COVID-19 pandemic and repercussions of the war in Ukraine, including growing food insecurity. As middle-income countries, they are both excluded from debt relief frameworks and find it difficult to access the financing they need.

The combined public debt burden of Arab countries was $1.5 trillion, equivalent to about 54 percent of the region’s GDP in 2021. In addition, the Arab region continues to suffer disproportionately from climate change and 90 percent of the population resides in water-scarce countries. Conflicts in the region have devastated institutions and infrastructure and some 66 million persons in Arab countries affected by conflict are dependent on humanitarian aid.

“The ESCWA initiative is a win-win strategy for all stakeholders involved,” said Issandr Amrani, executive director for Open Society–Middle East and North Africa. “As a multilateral institution with a commitment to human rights and civil society engagements, ESCWA provides a new opportunity for civil society to engage with governments on borrowing, spending, and development priorities. Open Society is committed to backing innovative projects that can help deliver economic justice.”

Yamide Dagnet, Open Society’s director for Climate Justice, added: “Climate disruption poses exponential risks to MENA’s economic and political challenges. Open Society’s pro-climate and fiscal-forward support can pave the way for catalytic investment in a just and inclusive climate transformation. From spurring dynamic and higher quality, green new employment opportunities that spark optimism among youth, women, and other marginalized communities, to addressing adaptation issues such as water scarcity that risks amplifying conflict. The fiscal space and just opportunities this pledge creates expands how we must put climate justice into action.”

Open Society’s president announced the launch of the grant during a high-level plenary session of the Arab Forum on Sustainable Development in Beirut, Lebanon, on March 15, 2023.

Office of Communications
Open Society Foundations 

GlobeNewswire Distribution ID 8789008

Gibson Oncology Expands Its Board of Directors With Accomplished Leadership in Oncology Clinical Development and Corporate Strategy

MIAMI, FL / ACCESSWIRE / March 14, 2023 / Gibson Oncology, a privately held Oncology preclinical and clinical development company advancing novel, targeted small molecule compounds that inhibit topoisomerase I and bind the G4 quadruplex in the cMyc promoter to inhibit cMyc expression as potent anticancer agents, welcomes two well-accomplished and experienced individuals within the life sciences industry, Dr. Fred Mermelstein and Dr. Mark Baganz.

“We are delighted to have Dr. Fred Mermelstein and Dr. Mark Baganz join Gibson’s Board of Directors. We look forward to their valuable contributions as Gibson further develops its oncology portfolio that uniquely attacks cancer through a dual mechanism: inhibition of TOPO 1 protein and reduction of cMyc expression levels through selective binding to G4 quadruplexes formed in the cMyc promoter region,” stated Randall B. Riggs, President and CEO.

Dr. Baganz is a corporate leader, entrepreneur, and board-certified diagnostic radiologist. He is the Founder and President of Chesapeake Medical Imaging, a subspeciality patient-centric diagnostic radiology practice with 12 locations in Maryland employing over 150 people. He was co-Founder and is a current Advisory Board member of SecureRAD-Purview, a medical IT and telehealth company and the sponsor of the Horos Project, an open-source medical image viewing platform with over 100,000 users on all continents and in over 170 countries.

Fred Mermelstein, Ph.D., currently serves as President and CEO of Dynamic Cell Therapies since its founding in 2020 and Chairman of the board of Courage Therapeutics since its founding in 2019. Between 2003 – 2010, Dr. Mermelstein founded Javelin Pharmaceuticals, Inc. (JAV), until its sale to Hospira, Inc., now Pfizer. He served as the CEO and President of Javelin, which developed Dyloject, an injectable anti-inflammatory for the treatment of post-operative pain. He founded PolaRx Biopharmaceuticals, Inc., in 1997, where he also served as Chief Scientific Officer until 1999, and on the team responsible for bringing Trisenox (Arsenic Trioxide for the treatment of Acute Promyelocytic Leukemia) to NDA completion, now marketed and sold worldwide by Teva. He also served on the board of NX Development Corp., between 2011 – 2018 which brought Gliolan to the market in the United States prior to its acquisition by SBI Pharma, Inc. Between 2008 and 2018, Dr. Mermelstein was a co-founder and served as Chairman of the Board of Pear Tree Pharmaceuticals, until its sale to Dare Biosciences, Inc. Dr. Mermelstein serves on several boards, including Harvard Institute of RNA Medicine, Rogosin Institute and Cornell-Weill Medical Center.

About Gibson Oncology:

Gibson Oncology is developing a novel class of proprietary drug candidates currently in clinical trials for the treatment of difficult-to-treat tumors. Our product candidates are first-in-class based upon dual activity at cMyc and TOPO-1 which will improve safety and efficacy and offer future approaches for treating several cancers. There are currently five (5) ongoing clinical studies funded by the National Institute of Health in patients with solid tumors and lymphomas. Additionally, Gibson has developed proprietary second-generation product candidates expanding modes of delivery and treatment approaches in both pediatric and adult populations. For more information, please visit

Contact Information

Randall B. Riggs
President & CEO
[email protected]
(502) 345-8911

SOURCE: Gibson Oncology, LLC

‫زیادہ موثر کسٹمز کلیئرنس اور زیادہ ترجیحی پالیسیاں – گوانگژی کے سرحد پار تجارتی معیار کو بہتر اور اپ گریڈ کردیا گیا

ناننگ، چین، 15 مارچ 2023ء/ژنہوا-ایشیانیٹ/– اس وقت گوانگژی کے پنگ شیانگ شہر میں یویگوان بندرگاہ پر سامان سے لدے ہوئے ٹرک چین ویتنام سرحد عبور کر رہے ہیں۔ اس سال انٹری- ایگزٹ پالیسیوں کو بہتر بنانے اور ایڈجسٹ کرنے کے ساتھ ، چین کو آسیان اور باقی دنیا سے جوڑنے والی یہ اہم تجارتی راہداری اپنے پرانے مصروف اور متحرک ماحول میں واپس آگئی ہے۔

آب و ہوا کے فرق کے باعث، آسیان ممالک جیسے ویتنام اور تھائی لینڈ کے پھل پہلے پک جاتے ہیں اور چین کے لیے مارچ پھلوں کی درآمد کا عروج کا موسم ہوتا ہے۔ پھل جلد خراب ہونے والی اشیاء ہیں، جو لاجسٹکس نقل و حمل، گودام اور کسٹم کلیئرنس کی ضروریات پیدا کرتی ہیں۔ یویگوان کسٹمز سپرویژن سیکشن 1 کے چیف ہوانگ فیفی کے مطابق ، “سخت معائنے کا انتظام کرتے ہوئے ، کسٹمز درآمد شدہ پھلوں کے لئے ‘گرین چینلز’ ‘7*24 کی پری بک شدہ کلیئرنس، اور تیز لیبارٹری ٹیسٹنگ جیسے اقدامات کو بھی نافذ کرتا ہے۔ جو آسیان پھلوں کی درآمدات کے لیے کسٹم کلیئرنس کے وقت کو کافی حد تک مختصر کر دیتا ہے۔

حالیہ برسوں میں ، گوانگژی نے اہم سرحدی بندرگاہوں کے بنیادی ڈھانچے کی تعمیر کی بھرپور حمایت کی ہے ، جس میں مزید انسپکشن (معائنہ) چیک پوائنٹس اور بڑے کارگو ٹرانسفر سائٹس شامل ہیں۔ یویگوان بندرگاہ پر، ٹرکوں کو چیک پوائنٹ سے گزرنے میں صرف ایک منٹ یا اس سے بھی کم وقت لگتا ہے۔ چونگزو خارجہ امور اور  کمرشل پورٹ بیورو کے ڈائریکٹر ژیا گاوفینگ نے کہا کہ ہم نے متعدد اصلاحاتی اقدامات پر عمل درآمد کیا ہے جیسے ون اسٹاپ کسٹم کلیئرنس، مکمل معلومات پر مبنی ذہین کسٹم کلیئرنس، ‘درآمدی اور برآمدی سامان کا پیشگی جائزہ اور کلیئرنس’ اور چیک پوائنٹ انسپیکشن اور رہائی، جسکے نتیجے میں گاڑیوں کی کسٹم کلیئرنس کے وقت میں نمایاں کمی واقع ہوتی ہے۔

کسٹم کلیئرنس کی کارکردگی میں بہتری نے بندرگاہ کی صلاحیتوں کو حقیقی طور پر اجاگر کیا ہے ، جبکہ گوانگژی کی سرحدی مالیاتی اصلاحات نے سرحد پار تجارت کے لئے بڑی سہولت فراہم کی ہے۔ چین (ڈونگ چنگ پائلٹ زون) آسیان کرنسی بزنس سینٹر میں ، ڈونگ شنگ پورٹ سے صرف چند قدم کی دوری پر ، ایک بڑی الیکٹرانک اسکرین آر ایم بی سے وی ڈی این کی سرکاری شرح مبادلہ ظاہر کرتی ہے۔ آج ، علاقے نے براہ راست اقتباس کا استعمال کرتے ہوئے آر ایم بی اور وی ڈی این کے مابین کرنسی کے تبادلے کو محسوس کیا ہے۔

سرحد کے ساتھ مالی اصلاحات نے چین اور ویتنام دونوں کے عوام کو فائدہ پہنچایا ہے ، اور سرحد پار تجارت زیادہ خوشحال ہوگئی ہے۔ حالیہ برسوں میں، بینک آف گوئلن جیسے مالیاتی اداروں نے آر ایم بی اور وی ڈی این بینک نوٹوں کی سرحد پار منتقلی کی ہے، اور سرحد پار فنانس آہستہ آہستہ لین دین کے کاروبار سے متعدد شعبوں تک پھیل گیا ہے۔

گوئلن بینک کے نائب صدر وانگ یونژیاو نے کہا کہ “ہم نے سرحد پار کام کرنے والے سرحدی باشندوں کی مالی ضروریات کو پورا کرنے کے لیے ‘ہوبیان لون’، ‘ہوشی لون’ اور ‘بیانی لون’ جیسی خصوصی سرحدی خوشحالی اور افزودہ مالیاتی مصنوعات کا بھی آغاز کیا ہے۔

گوانگژی  کا بہترین سرحدی بنیادی ڈھانچہ سرحد پار تجارت کی تیزی سے بحالی کی ضمانت ہے۔ سرحدی پاور گرڈ کو اپ گریڈ کرنے سے بجلی کی فراہمی کی صلاحیت میں اضافہ ہوا ہے۔ سرحدی مواصلات کے بنیادی ڈھانچے کی تعمیر میں تیزی سے بنیادی طور پر سر فور جی نیٹ ورک کوریج کا احساس ہوا ہے۔ ہائی وی نیٹ ورک میں مسلسل بہتری اور تیزی سے ہموار لوجسٹکس چینلز اور اسی طرح۔ گوانگژی کی سرحد کے بنیادی ڈھانچے کو متعدد فریقوں کی مشترکہ کوششوں سے حقیقی طور پر بڑھایا گیا ہے۔

چین کی چونگ زو ڈسٹرکٹ مینجمنٹ کمیٹی (گوانگژی) پائلٹ فری ٹریڈ زون کے ایگزیکٹو ڈپٹی ڈائریکٹر وو شیاؤہوئی کے مطابق “پنگ شیانگ کے پاس 13 سرحد پار ریلوے ٹرینیں اور 22 سرحد پار ہائی وے لاجسٹکس لائنیں ہیں، جو آسیان ممالک کے 20 سے زیادہ بڑے مرکز شہروں تک پہنچنے کی صلاحیت رکھتی ہیں، لاجسٹکس نیٹ ورک کے ساتھ جزیرہ نما انڈو-چائنا کا احاطہ کرتا ہے۔

سرمایہ کاری، تجارت، سرحد پار دارالحکومتوں اور نقل و حمل کو آسان بنانے کے لئے، گوانگژی ژوانگ خود مختار خطے کی عوامی حکومت نے حال ہی میں مزید فروغ دینے کے لئے ایک کثیر جہتی منصوبہ جاری کیا ہے۔

چین کے دفتر (گوانگژی) پائلٹ فری ٹریڈ زون کے کل وقتی ڈپٹی ڈائریکٹر بائی لین نے متعارف کرایا کہ اس منصوبے میں گوانگژی فری ٹریڈ زون کا مطالبہ کیا گیا ہے تاکہ قیام سے پہلے کے قومی برتاؤ بمع منفی مینجمنٹ سسٹم کی فہرست کو مکمل طور پر نافذ اور قائم کرے، اور ایک آپریشنل اور پوسٹ آپریشنل نگرانی کے انتظام کا نظام جو منفی فہرست کے انتظام کے طریقہ کار کے ساتھ مطابقت رکھتا ہے۔ جبکہ ٹیلی کمیونیکیشن، انٹرنیٹ، تعلیم اور دیگر شعبوں کو منظم انداز میں کھولنے اور فروغ دینے کے ساتھ ساتھ غیر ملکی تجارت کی نئی شکلوں اور ماڈلز جیسے کہ سرحد پار ای کامرس، آف شور تجارت، اور ڈیجیٹل تجارت کو بھرپور انداز سے فروغ دینا۔

اس کے علاوہ ، آزادنہ ترقی اور تلاش اور جدت طرازی کے لحاظ سے ، چین (گوانگژی) پائلٹ فری ٹریڈ زون ادارہ جاتی کھلے پن کی تلاش کو تیز کرے گا، علاقائی جامع اقتصادی شراکت داری کے معاہدے (آر سی سی پی) ڈیمونسٹریشن کے منصوبوں کے کلسٹر کو اعلی معیار کے مطابق نافذ کرے گا۔ ٹرانس پیسیفک شراکت داری (سی پی ٹی پی پی) کے لیے جامع اور ترقی پسند معاہدے کے خلاف بینچ مارک، اور کلیدی شعبوں جیسے تجارت میں خدمات، فنانشل اوپننگ اور ڈیجیٹل اکنامی میں پائلٹ ٹرائلز اور خطرے کے تناؤ کی ٹیسٹ انجام دیتے ہیں۔

ماخذ: چین کی انتظامی کمیٹی (گوانگژی) پائلٹ فری ٹریڈ زون

ACAMS Launches Scholarship Program for Korean Professionals Seeking Anti-Money Laundering Training

CAMS Scholarship recipients will train on strategies to identify, trace, and report criminal activity threatening financial institutions across the globe

WASHINGTON, March 14, 2023 (GLOBE NEWSWIRE) — As part of its efforts to support the fight against financial crime throughout the Asia Pacific region, ACAMS is launching a new scholarship program for South Korean compliance professionals seeking to become Certified Anti-Money Laundering Specialists (CAMS). Under the initiative, ACAMS will award the CAMS Scholarship to 10 Korean compliance practitioners in the anti-financial crime (AFC) space, granting them a one-year membership to the association and a full waiver of all fees for the CAMS exam package.

As part of the program, scholarship winners will train on a broad array of skills and strategies to detect, track, and report illicit financial activity, including global best practices on the effective implementation of anti-money laundering (AML) and counterterrorism financing (CTF) policies and procedures, risk-mitigation controls, and suspicious transaction reporting. Widely recognized as the global standard for AML/CTF credentials, the CAMS program helps to shield financial institutions around the world from criminal exploitation, regulatory fines, and reputational harm.

“This scholarship is a reflection not only of our mission to fight illicit finance around the globe, but also of our commitment to the talented professionals in Korea’s dynamic anti-financial crime sector,” said ACAMS CEO Scott Liles. “As South Korea’s financial markets continues to grow, it’s critical that compliance professionals are prepared to meet evolving regulatory expectations and face emerging criminal threats.”

“For compliance practitioners, CAMS is pathway to becoming part a global community of dedicated men and women around the world who are applying their knowledge and skills to protect the private sector and save lives,” said ACAMS Advisory Board Member Jean Chung who is also Managing Director, Asia Head over Conduct, Financial Crime and Compliance Advisory for Corporate, Commercial and Institutional Banking at Standard Chartered Bank. “This is a credential that will open doors for professional development throughout a recipient’s career.”

The initiative is the third of its kind for ACAMS following the launch in 2021 of the CAFCA Scholarship and CCAS Scholarship in 2022. The CCAS Scholarship attracted entries from AFC professionals from over 100 countries around the world.

Applicants can apply for the CAMS Scholarship through 11:59 pm GMT April 28, 2023. Winners will be announced in June.

Find out more about the scholarship’s criteria and application process here:

About ACAMS®

ACAMS is a leading international membership organization dedicated to providing opportunities for anti-financial crime (AFC) education, best practices, and peer-to-peer networking to AFC professionals globally. With over 100,000 members across 180 jurisdictions, ACAMS is committed to the mission of ending financial crime through the provision of anti-money laundering/counterterrorism-financing and sanctions knowledge-sharing, thought leadership, risk-mitigation services, ESG initiatives, and platforms for public-private dialogue. The association’s CAMS certification is the gold-standard qualification for AFC professionals, while its CGSS and CCAS certifications are for sanctions professionals and AFC practitioners working in the crypto space, respectively. ACAMS’ 60+ Chapters globally further amplify the association’s mission through training and networking initiatives. Visit for more information.

Media Contact:
Lashvinder Kaur
[email protected]
+44 7388 264478

GlobeNewswire Distribution ID 8788561

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Signature Bank Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in First Filed Securities Class Action Initiated by the Firm – SBNY, SBNYP

NEW YORK, March 14, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Signature Bank (NASDAQ: SBNY, SBNYP) between March 2, 2023 and March 12, 2023, both dates inclusive (the “Class Period”). The class includes those who purchased Signature Bank call options and/or sold put options during the Class Period. A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2023.

SO WHAT: If you purchased Signature Bank securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Signature Bank class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) Signature Bank did not have the strong fundamentals that it represented itself as having in the days immediately prior to its takeover, or otherwise took action that left it susceptible to a takeover by the New York Department of Financial Services (“DFS”); (2) as a result, it became a target for regulatory action by the DFS, and (3) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Signature Bank class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.


Contact Information:

       Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]

GlobeNewswire Distribution ID 8788118