NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: Business

  • MIL-OSI Banking: Secretary-General of ASEAN receives the SEAMEO TED Director

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today received the Director of the Southeast Asian Ministers of Education Organization Regional Centre for Technical Education Development (SEAMEO TED), Dr. Songheang Ai, at the ASEAN Headquarters/ASEAN Secretariat, where they discussed the Centre’s key achievements and planned activities for 2025 and beyond. The meeting also served as a platform to explore potential areas of collaboration between SEAMEO TED and the ASEAN Secretariat.

    The post Secretary-General of ASEAN receives the SEAMEO TED Director appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    June 18, 2025

  • MIL-OSI Russia: Central Asian countries are becoming important trading partners of China’s Sichuan province

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    CHENGDU, June 18 (Xinhua) — Trade volume between southwest China’s Sichuan Province and five Central Asian countries increased 57.3 percent year on year to 2.78 billion yuan (about 386.8 million U.S. dollars) in January-April 2025, data from Chengdu Customs showed.

    In recent years, Central Asian countries have become important partners for Sichuan Province, which is seeking to build a highly open economy. Data show that in the first four months, the province’s exports to countries in the region totaled 2.61 billion yuan, up 57.9 percent year-on-year, while imports rose 48.5 percent to 170 million yuan.

    Automobiles, semiconductors, batteries and other products account for a large share of the goods exported from Sichuan to Central Asia, while rapeseed oil, ferroalloys and food are mainly imported from Central Asia.

    Sichuan Province and the Central Asian countries have great complementarity and enormous potential for cooperation in the fields of industry, economy, trade, culture, tourism, science and education. In terms of trade with Sichuan Province, Uzbekistan ranks first among the five Central Asian countries, being an important investment destination for the province in the Central Asian region. Thanks to this province, chemical products, porcelain and barley from Uzbekistan enter the Chinese market.

    The cooperation models between Sichuan and Central Asian countries also continue to be updated. For example, a service center of Sichuan Port and Shipping Investment Group Co., Ltd., responsible for international sales, was commissioned in Tashkent, as well as a bonded automobile demonstration center, where over 100 types of products from more than 40 Sichuan enterprises are presented. In addition, China-Central Asia freight trains annually deliver about 5,000 tons of tea from Chengdu to Tashkent. -0-

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Economics: The CNB ranks among the top employers in the Czech Republic

    Source: Czech National Bank

    The Czech National Bank ranks among the best employers in the Czech Republic, according to the results of the prestigious Pluxee Employer of the Year 2025 competition, which recognises companies with an excellent approach to their employees. In the national round of the contest, the central bank placed third in the category for organisations with up to 5,000 employees, based on an assessment of a whole range of objective indicators in the human resources area.

    The award was accepted on behalf of the CNB by Helena Dybová, Director of the Human Resources Division. “We greatly appreciate being ranked among the top employers in the Czech Republic. This is confirmation for us that we offer an attractive, fair and motivating work environment to both job applicants and current employees,” Helena Dybová said.

    The CNB creates conditions that allow employees to grow professionally and personally, while simultaneously emphasising work-life balance. For example, it offers a broad range of training programmes both in the Czech Republic and abroad, and flexible working arrangements, including the option of working from home. Five weeks of annual leave, sick days, health care, a canteen, CNB-operated banking services, pension scheme contributions and the Cafeteria benefits system offering contributions for sport, culture, travel and health come as standard. Various social and cultural events and club-based activities (such as sports) help to build a stronger employee community.

    Every year, the Pluxee Employer of the Year competition evaluates employers using the globally recognised Saratoga methodology, overseen by PricewaterhouseCoopers Czech Republic. It assesses 14 objective indicators in areas such as training, employee benefits, staff turnover, corporate social responsibility, and financials.;

    Pluxee Employer of the Year – 2025 Results

    Category: up to 5,000 employees

    1. SAZKA a.s.
    2. Hyundai Motor Manufacturing Czech s.r.o.
    3. Czech National Bank

    Petra Vlčková
    CNB spokesperson

    Related links

    MIL OSI Economics –

    June 18, 2025

  • MIL-Evening Report: View from The Hill: Jim Chalmers wants to get on with economic reform and tax is in his sights

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Jim Chalmers speaking to the National Press Club June 18, 2025. Screenshot from the ABC Broadcast, CC BY-NC

    Jim Chalmers cast his Wednesday National Press Club speech as a second instalment in a two-part presentation that was kicked off by the prime minister in an address there last week.

    But it didn’t sound like that at all. In fact, the two performances were chalk and cheese. Albanese’s contribution was cautious, showing no inclination to splash too much of the political capital amassed from a huge election win. The prime minister looks to a legacy of Labor’s longevity in government, and extols a measured and steady style.

    In contrast, Chalmers on Wednesday came across as a man on a mission, anxious to seize this term to do bigger things, because no matter how large the majority, you never know what the future holds. And that’s apart from his ambition to ascend to the top rung of the political ladder.

    Albanese announced a roundtable in August to discuss productivity; in elaborating on it, Chalmers put the hot button issue of tax reform prominently on the table.

    The treasurer believes the community is up for significant economic reforms, if the changes are crafted and sold the right way and if sufficient of that elusive political grape, “consensus”, can be harvested and bottled. He’s also willing to stretch or exceed the electoral mandate Labor won on May 3. Remember, it was Chalmers who wanted to break the Stage 3 tax cut promise long before Albanese did so.

    He said on Wednesday: “This is all about testing the country’s reform appetite. […] I am personally willing to grasp the nettle, to use an old saying. I am prepared to do my bit. The government is prepared to do its bit. And what we’ll find out in the course of the next few months is whether everyone is prepared to do their bit as well.” He was heartened, post election, by a “welcome and encouraging discussion about the level of ambition that Australia has”.

    Albanese was involved in Chalmers’ Press Club speech, even interacting on its points from Canada, where he was attending the G7. Either the prime minister is deliberately letting his treasurer “front run” a more ambitious agenda for the government, or he doesn’t choose to get in his way.

    Albanese announced the roundtable, but Chalmers is in charge of it. Held in the cabinet room on August 19-21, it will be small and, Chalmers hopes, non-performative. Details are still being finalised, but Chalmers doesn’t anticipate “permanent cameras” in the cabinet room, which has just 25 seats around the table.

    “We want participants to make contributions that meet three important preconditions,” he said.

    “First, ideas should be put forward in the national interest, not through the prism of sectoral, state or vested interests.

    “Second, ideas or packages of ideas should be budget neutral at a minimum but preferably budget positive overall, taking into account the necessary trade-offs.

    “And third, ideas should be specific and practical not abstract or unrealistic.

    “In return I give everyone this commitment: we won’t come at this from an ideological point of view but from the practical, pragmatic and problem-solving middle ground we’re most comfortable on.”

    Chalmers argues that last term, the government did a range of things on tax. But most would describe them as modest, and he would not then contemplate a major overhaul, such as a shift from direct to indirect tax.

    He was seared, on his own admission, from his days as then treasurer Wayne Swan’s staffer, by the memory of the Henry tax review, the last major look at Australia’s tax system. That triggered Labor’s mining tax debacle which helped end the prime ministership of Kevin Rudd. Most of that valuable review was totally wasted.

    Now Ken Henry, former head of treasury, has had input into Chalmers’ Press Club speech; he was in the audience to hear it.

    “Australia has to recognise that this is genuinely a defining decade. The decisions we make in the 2020s will determine the sort of living standards and intergenerational justice that will have in the decades to come,” Chalmers said. Intergenerational justice is a major preoccupation of Henry’s.

    If Henry is in Chalmers’ ear, another proponent of tax reform, Steven Kennedy, who has just left the post of secretary of the treasury, is well-placed to be in the prime minister’s ear. Kennedy has just become head of the Department of the Prime Minister and Cabinet.

    While the roundtable is focused on “productivity” Chalmers emphasised he is also focused on budget sustainability.

    “Tax reform is important to budget sustainability , but also to productivity.

    “I think it would be unusual if I said to the country, we’re going to have this big national reform conversation about productivity, sustainability and resilience, but nobody’s allowed to talk about tax

    “And so I anticipate, I welcome the fact that people will come to the roundtable, outside the roundtable, people will pitch up ideas about tax.

    “We don’t see that as an opportunity to walk back on some of the things that we’re already committed to, in this case, some years ago. We see it as an opportunity to work out what the next steps might be.”

    Chalmers is the latest treasurer to walk down the tax reform road. The stakes are high. It will be easy to slip, or be forced to lose ambition. On the other hand, if he can navigate the rocks it will make his reputation.

    Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. View from The Hill: Jim Chalmers wants to get on with economic reform and tax is in his sights – https://theconversation.com/view-from-the-hill-jim-chalmers-wants-to-get-on-with-economic-reform-and-tax-is-in-his-sights-258973

    MIL OSI Analysis – EveningReport.nz –

    June 18, 2025

  • MIL-OSI Africa: Hlabisa to lead discussions with business on review of White Paper on Local Government

    Source: South Africa News Agency

    Hlabisa to lead discussions with business on review of White Paper on Local Government

    The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Velenkosini Hlabisa, will this week lead a roundtable discussion with the National Business Initiative (NBI) to review the 1998 White Paper on Local Government. 

    The CoGTA-NBI roundtable will be held on Friday, 20 June 2025, in Durban under the theme: “Every Municipality Must Work – A Call for Collective Action”.

    According to the department, the upcoming discussion with the NBI is part of the ongoing inclusive and participatory policy reform process to design a modern and fit-for-purpose local government system. 

    The NBI is an independent coalition of nearly 100 South African and multinational companies dedicated to creating a prosperous country and society. 

    Founded in 1995 by former President Nelson Mandela, the NBI is a voluntary alliance of businesses committed to this vision.

    “Through this engagement, everyone will have an opportunity to have their say and make an input into the type of local government they envisage,” the department said. 

    The discussions will focus on evaluating the legacy and shortcomings of the 1998 White Paper. 

    They will explore key policy priorities for a renewed local government framework and provide practical recommendations from both business and provincial perspectives. 

    In addition, the talks aim to strengthen partnerships to improve local governance and infrastructure delivery.

    Attendees will include business leaders and key economic institutions in KwaZulu-Natal, such as the KZN Provincial Economic Working Group (PeWG), Invest Durban, the KZN Growth Coalition, local Chambers of Commerce, and senior government officials.

    The CoGTA Deputy Minister, Dr Namane Dickson Masemola, is also expected to join the Minister.

    In April, Hlabisa officially published a discussion document on the Review of the 1998 White Paper on Local Government. 

    This document, published under Notice No. 6118 (Gazette: 52498), initiated a national discussion aimed at producing a revised White Paper on Local Government by March 2026.

    According to the department, the review launched last month aims to inspire fresh thinking, facilitate honest reflection, and promote decisive action toward establishing a local government system that effectively serves the people of South Africa.

    “The review is an open call to action for communities and stakeholders to collectively build a new and ideal system of local government characterised by responsiveness, efficiency, and accountability. The responsibility to ensure viable and sustainable municipalities is a shared national duty in advancing democracy,” the department said. 

    Adopted in 1998, the White Paper served as a foundational blueprint for building democratic local governance in South Africa.

    However, the department believes there is growing recognition that the current model is no longer adequate to meet the evolving developmental and service delivery needs of communities.

    It said the persistent governance, financial, structural, and administrative challenges have undermined the ability of municipalities to deliver effectively on their mandates. – SAnews.gov.za

    Gabisile
    Wed, 06/18/2025 – 10:04

    MIL OSI Africa –

    June 18, 2025

  • MIL-OSI Asia-Pac: FS attends 2025 Lujiazui Forum (with photos)

    Source: Hong Kong Government special administrative region

         The Financial Secretary, Mr Paul Chan, attended the 2025 Lujiazui Forum in Shanghai today (June 18) and witnessed the signing of the Action Plan for Collaborative Development of Shanghai and Hong Kong International Financial Centres.
     
         The Lujiazui Forum is an international high-level dialogue platform that discusses major issues in the financial sector. This year, the forum was jointly organised by the Shanghai Municipal Government, the People’s Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission. Themed “Financial Opening-Up and Cooperation for High-Quality Development in a Changing Global Economy”, the forum has brought together government officials, financial regulators, industry leaders, renowned think tanks and scholars from multiple countries to discuss topics such as global monetary policy, capital market development, financial technology and innovation, and inclusive finance. The plenary session this afternoon will include a session on deepening the co-operation and development of Shanghai and Hong Kong as international financial centres. 
     
         Mr Chan, as one of the key guests, attended the forum’s opening ceremony and morning plenary session. 
     
         Before the opening ceremony, Mr Chan and the Executive Vice Mayor of the Shanghai Municipal People’s Government, Mr Wu Wei, jointly witnessed the signing of the Action Plan for Collaborative Development of Shanghai and Hong Kong International Financial Centres, by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the Director-General of the Shanghai Office for Advancing International Financial Center Development and Director of the Shanghai Municipal Financial Regulatory Bureau, Mr Zhou Xiaoquan.
     
         The Action Plan covers six areas with a total of 38 measures, including deepening the interconnectivity between Mainland and Hong Kong financial markets, enhancing the linkage and co-operation of the two places’ capital markets, supporting eligible Shanghai enterprises to list and raise funds in Hong Kong, and strengthening collaboration in areas such as commodity trading, reinsurance, green finance and fintech. The aim is to further leverage the financial opening up, development and risk management advantages of the two cities, enhance cross-boundary and offshore financial co-operation, and promote the co-ordinated development of the two international financial centres. 
     
         In his speech at the ceremony, Mr Chan said that the Action Plan further specifies the directions of co-operation between Hong Kong and Shanghai, thereby injecting new and richer content into multi-level and multi-field financial collaboration. It includes, first, new measures to deepen financial interconnectivity; second, highlighting support for Mainland enterprises to go global; and third, promoting standard alignment and financial innovation. With strong support from the country, Hong Kong and Shanghai, as two international financial centres, will join forces to create greater synergy and collaborative benefits, thus making greater contributions to the country’s development as a financial powerhouse while also injecting Chinese wisdom and strength into the development of the global financial market. 
     
         Yesterday (June 17), upon arriving in Shanghai, Mr Chan attended an international exchange dinner hosted by the China Finance 40 Forum. Attendees included leaders from domestic and international financial institutions, regulatory bodies, think tanks and academia. At the dinner, Mr Chan shared how Hong Kong is striving to promote high-quality financial development amid global political and economic changes. This includes advancing financial market reforms to better attract global capital to support the development of the real economy, supporting the prudent advancement of Renminbi internationalisation, embracing financial innovation including digital assets, and providing comprehensive, high value-added services for Mainland enterprises’ international development. The goal is to better contribute to the country’s financial reform and high-level opening up while creating opportunities for global investors and businesses. 
     
         Mr Chan departed for Hong Kong around noon today.

                  

    MIL OSI Asia Pacific News –

    June 18, 2025

  • MIL-OSI Africa: Canon Central & North Africa Appoints Deepali Arora as the Human Resources Director, Driving Inclusive Growth and Talent Development

    • Deepali Arora brings more than 20 years of HR leadership experience spanning diverse industries and international markets.  
    • Canon reinforces its commitment to nurturing talent and fostering a diverse, equitable, and inclusive workplace culture.

    Canon Central and North Africa (CCNA) (https://Canon-CNA.com), a leader in imaging and print solutions, proudly welcomes Deepali Arora as its new Human Resources Director with immediate effect. Based in Dubai, Deepali will be responsible to lead HR function across six offices in Africa, including Canon’s regional headquarters at Dubai, reaffirming the company’s dedication to expanding its presence and widening its impact across the continent.

    In her previous role as Senior Regional HR Manager at Canon Central and North Africa, Deepali spearheaded the launch of a transformative initiative named, Canon Clubs for building capability and fostering an inspiring and innovative culture at workplace. She in line with business strategy, has been instrumental in acquiring local talent and building strong teams across Africa.

    Somesh Adukia, Managing Director at Canon Central and North Africa, shared, “We are delighted to welcome Deepali to our Management team as she steps into this key leadership role. Her appointment as Human Resources Director reinforces our commitment to cultivating strong leadership, advancing our people-centric strategy, and building a future-ready workforce across Africa.”

    Deepali Arora, Human Resources Director at Canon Central and North Africa shared, “I am honoured to step into this role and lead HR at a company that is deeply committed to creating an inclusive, empowering, and growth-oriented environment. At Canon, we view talent as our most valuable asset, and I’m passionate about nurturing a culture where every employee feels seen, supported, and inspired to grow. Our initiatives like Canon Clubs, Career Development Programme for High Potential Talents, are designed to elevate voices, build capabilities, and champion diversity. I look forward to shaping meaningful employee experience, strong value proposition and driving sustainable impact across Africa.”

    With close to two decades of HR leadership experience, Deepali brings deep cross-industry expertise spanning retail, FMCG, real estate, and consumer electronics. Her career has been defined by her focus on organisational development, HR business partnering, and capability-building, all underpinned by a strong commitment to people development and inclusive leadership.

    Distributed by APO Group on behalf of Canon Central and North Africa (CCNA).

    Media enquiries, please contact:
    Canon Central and North Africa
    Mai Youssef
    e. Mai.youssef@canon-me.com

    APO Group – PR Agency
    Rania ElRafie
    e. Rania.ElRafie@apo-opa.com

    About Canon Central and North Africa:
    Canon Central and North Africa (CCNA) (https://Canon-CNA.com) is a division within Canon Middle East FZ LLC (CME), a subsidiary of Canon Europe. The formation of CCNA in 2016 was a strategic step that aimed to enhance Canon’s business within the Africa region – by strengthening Canon’s in-country presence and focus. CCNA also demonstrates Canon’s commitment to operating closer to its customers and meeting their demands in the rapidly evolving African market.

    Canon has been represented in the African continent for more than 15 years through distributors and partners that have successfully built a solid customer base in the region. CCNA ensures the provision of high quality, technologically advanced products that meet the requirements of Africa’s rapidly evolving marketplace. With over 100 employees, CCNA manages sales and marketing activities across 44 countries in Africa.

    Canon’s corporate philosophy is Kyosei (https://apo-opa.co/44k1dtf) – ‘living and working together for the common good’. CCNA pursues sustainable business growth, focusing on reducing its own environmental impact and supporting customers to reduce theirs using Canon’s products, solutions and services. At Canon, we are pioneers, constantly redefining the world of imaging for the greater good. Through our technology and our spirit of innovation, we push the bounds of what is possible – helping us to see our world in ways we never have before. We help bring creativity to life, one image at a time. Because when we can see our world, we can transform it for the better.

    For more information: https://Canon-CNA.com

    MIL OSI Africa –

    June 18, 2025

  • MIL-OSI Africa: Liquid C2 achieves Sophos Platinum Partner status, elevating cloud and cyber managed services across Africa

    Liquid C2 (https://Liquidc2.com), a business of Cassava Technologies, a global technology leader of African heritage, is proud to announce that it has attained Platinum Partner status with global cyber security leader Sophos, the highest level in Sophos’ partner programme. As a Managed Service Provider Partner across Africa, we can deliver flexible, subscription-based solutions and services across the continent.

    This milestone, which applies to all its operations across the continent, highlights Liquid C2’s proven capabilities in delivering cutting-edge cyber security services. Additionally, our customers will now be able to access cutting-edge protection through a monthly billing model—eliminating the need for large upfront investments and making enterprise-grade security more accessible and scalable.  

    “As African businesses grow and evolve, they are exposed to increasingly sophisticated cyber threats. Being awarded Sophos Platinum Partner status reflects our determination to protect and empower these organisations as they navigate Africa’s digital future, through world-class technology and an experienced team of cyber security professionals. Together, we’re empowering organisations to build secure, resilient digital operations as they scale in the digital economy,” said Oswald Jumira, Chief Executive Officer of Liquid C2. 

    With losses attributed to cybercrime (http://apo-opa.co/3HKc4nL) in Africa exceeding $4 billion annually​, it also reaffirms Liquid C2’s commitment to protecting African businesses with world-class solutions and services tailored to the continent’s evolving threat landscape. 

    “Platinum Partner status recognises an organisation’s deep expertise and commitment to cyber security solutions and services tailored to African enterprises. We are pleased to partner with Liquid as they empower organisations to flourish in a digital era,” said Pieter Nel, Sales Director for SADC & IOC at Sophos. 

    As a Sophos Platinum Partner, Liquid C2 delivers exceptional value through a robust suite of cyber security solutions and services. These include 24x7x365 managed detection and response (MDR) via our Security Operation Centre’s (SOCs); expert consulting and implementation aligned with international standards; and ongoing support and/or managed security services.

    Distributed by APO Group on behalf of Liquid Intelligent Technologies.

    About Liquid C2:
    Liquid C2, a subsidiary of Liquid Intelligent Technologies, delivers cutting-edge cloud and cybersecurity services and solutions. Committed to facilitating digital transformation, Liquid C2 is positioned to provide comprehensive solutions tailored to meet the evolving demands of the digital era by empowering businesses to navigate the complexities of the modern digital landscape securely. The company’s offerings span cloud solutions that enhance accessibility and scalability, and robust cybersecurity services to safeguard sensitive data and elevate security and compliance posture to ensure businesses remain seamlessly connected and protected. https://Liquidc2.com/

    About Sophos:

    MIL OSI Africa –

    June 18, 2025

  • MIL-OSI Africa: Egypt’s Former-Minister of Petroleum Joins African Energy Week (AEW) 2025 Amid Exploration Surge in North Africa

    Tarek El Molla, Egypt’s former-Minister of Petroleum and Mineral Resources, has joined the continent’s premier energy event – African Energy Week (AEW): Invest in African as a speaker. Taking place on September 29-October 3 in Cape Town, the event unites international financiers and operators with African energy opportunities. El Molla’s participation comes as Egypt advances a bold exploration and production agenda, providing the opportunity for new deals and collaborations.

    Egypt’s oil and gas strategy is largely centered on its ambitions to scale-up international exports as the country seeks to leverage its strategic proximity to European markets. North Africa has long-been an important player in meeting European oil and gas demand, but as Egypt accelerates exploration and production through licensing opportunities and greater collaboration with international operators, the country is well-positioned to play an even greater role in global supply chains. At AEW: Invest in African Energies 2025, El Molla is expected to share insight into this strategy and how investing in Egyptian oil and gas will help support energy security in international markets.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

    As one of Africa’s biggest gas producers, Egypt has made a name for itself as a major gas exporter. Yet, the country has faced significant production declines since 2022, with gas output dropping 20% year-on-year, reaching 4.3 billion cubic feet in January 2025 – the lowest in eight years. To address this, the country is implementing a bold industry agenda aimed at mitigating declines and accelerating both greenfield and brownfield investments. Egypt’s latest oil and gas licensing round – offering 13 offshore and onshore blocks across key regions in the Mediterranean Sea and Nile Delta – seeks to boost exploration and attract international investment. The licensing round will be finalized in the second half of the year, with plans to sign five new agreements and amend an existing one for exploration and production.

    Both international oil companies (IOC) and regional players are stepping-up their investments to support the country’s oil and gas ambitions and generate greater returns from the industry. In May 2025, Russian energy firm Lukoil received parliamentary approval for two deals, including exploration and production rights in the South Wadi El-Sahl region of the Eastern Desert and similar operations in the neighboring Wadi El-Sahl area. ExxonMobil signed an MoU with the state-owned Egyptian Natural Gas Holding Company (EGAS) in April 2025, paving the way for a new operational framework in the Cairo and Masry offshore concession areas of the Mediterranean Sea, while also announcing plans to drill a new offshore gas exploration well in the North Marakia Offshore Concession. In 2025, Eni plans to drill two development wells at the Zohr gas field amid a $26 billion investment strategy planned for Egypt, Libya and Algeria.

    EGAS is also implementing a bold investment strategy. In the first half of FY 2024/2025, the company completed seven exploratory well and evaluation wells, as well as a 3D seismic survey program covering 2,100 km² in the western Mediterranean’s King Ramses Block. The company also implemented five projects to develop gas fields during this period, placing eight new development wells on the map. Looking ahead, EGAS plans to conduct four exploratory wells in the second half of FY 2024/2025, with four more development projects set to be implemented along with 14 new development wells. In FY 2025/2026, the company is looking at drilling 17 exploratory and evaluation wells – primarily in the Delta and Mediterranean Sea – with a total investment of $434 million. A 4D seismic survey in the deep marine West Delta area and a 3D survey in the Zohr field area are also planned.

    These developments signal a strong commitment by upstream operators to unlock greater value from Egypt’s oil and gas market, indicating the level of opportunity available across the country. With El Molla’s participation at AEW: Invest in African Energies 2025, conference attendees will gain insight into the country’s strategic industry plans. His participation will provide an overview into the country’s investment opportunities – from upstream exploration and production to exports and downstream infrastructure – offering investors a unique opportunity to better-understand the market.

    “Egypt is taking all the right steps to counteract production decline and revitalize its oil and gas industry. Through a strategic licensing round, strengthened IOC collaboration and a strong drive by state-owned entities to develop new fields, the country is well-positioned to boost oil and gas output,” states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber.

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa –

    June 18, 2025

  • MIL-OSI Banking: Lufthansa Group and Airbus collaborate for business travel with SAF

    Source: Lufthansa Group

    The Lufthansa Group has been working on sustainable transformation in aviation for many years and offers companies a wide range of customized options for more sustainable flying. Now, the Lufthansa Group is entering into an agreement with Airbus in the field of more sustainable business travel. Since June 1, the “Sustainable Corporate Value Fare“ has been used by Airbus for all Lufthansa flights taken by its employees within Germany. This Lufthansa Group business fare enables offsetting of parts of the calculated CO2 emissions through the subsequent use of Sustainable Aviation Fuel in future flight operations.

     

    Dieter Vranckx, Chief Commercial Officer Lufthansa Group, says: 
    “Together with our customers and strong partners from the industry, we strive towards greater sustainability. I am particularly pleased and thankful that our long-standing partner Airbus has opted for a corporate fare with SAF, demonstrating its leading role also in the field of sustainability. For many companies and its employees, sustainability is becoming an increasingly important factor in travel decisions. As a leading airline group, we are the partner of choice for companies in achieving their goals with tailor-made solutions.”

     

    Raphael Duflos, Vice President Corporate Services Procurement at Airbus declares:

    “We have been working in close cooperation with Lufthansa Group since early 2024 to customize their ‘Sustainable Corporate Value Fare’ to meet the specific needs of Airbus travelers. They have helped us to create a meaningful offer incorporating Sustainable Aviation Fuels, starting in the German domestic market. We are confident that such ‘Sustainable Corporate Value Fare’ is going to be successful across the Business Travel ecosystem.”

     

    Customized options for more sustainable flying with SAF

    The Lufthansa Group offers several special fares for corporate customers: With the “Sustainable Corporate Value Fare”, business customers can offset up to 30 percent of the CO₂ emissions calculated for their individual flight through the use of SAF in flight operations. The Lufthansa Group also offers companies the opportunity to invest in larger quantities of SAF through SAF bulk deals.

     

    Background: The use of SAF in the Lufthansa Group 

    There is no refueling of individual flights with pure SAF. As a so-called “drop-in” fuel, SAF is compatible with fossil kerosene and can be blended with it without any problems. Before being transported to the airport, SAF is blended with fossil jet fuel or produced in a process known as co-processing (joint processing of biogenic residues with fossil oil) and then fed into the airport infrastructure. The Lufthansa Group ensures that the amount of SAF required to offset individual CO2 emissions is fed into the Lufthansa Group’s flight operations within six months of purchase. Over its entire life cycle, the SAF from biogenic residues used by the Lufthansa Group has a CO2 footprint that is around 80 percent lower than that of conventional kerosene made from fossil crude oil.

    MIL OSI Global Banks –

    June 18, 2025

  • MIL-OSI Economics: CBB Governor Participates in HSBC GCC Exchanges 2025 Conference

    Source: Central Bank of Bahrain

    Published on 18 June 2025

    Manama, Bahrain – 18 June 2025:  H.E. Khalid Humaidan, Governor of the Central Bank of Bahrain (CBB), recently participated in the opening session at the HSBC GCC Exchanges 2025 Conference in a fireside chat titled “Bahrain’s Financial Sector: Reform Momentum, Market Confidence and Talent-Led Growth”. Held from 16th to 19th June in London, United Kingdom, the event brings together representatives from GCC exchanges, alongside a number of international officials and investors.

    Moderated by Mr. Joseph Ghorayeb, Chief Executive Officer of HSBC Bahrain, the fireside chat with H.E. the Governor underscored the CBB’s pivotal role in developing a regulatory framework that fosters innovation and advances financial services in the Kingdom. Leading the conversation, H.E. the Governor highlighted CBB’s efforts to attract foreign investments, enhance market competitiveness, and support national economic growth through sound regulatory reforms. He also emphasized the importance of human capital development aligned with global standards as a pillar of long-term sectoral advancement.

    The Kingdom of Bahrain’s delegation includes H.E. Khalid Humaidan, Governor of the CBB; Mr. Yousif Al Yousif, Chairman of Bahrain Bourse; Shaikh Khalifa bin Ebrahim Al-Khalifa, Chief Executive Officer of Bahrain Bourse; Mrs. Hesa Al Sada, Executive Director of Central Banking and Macro-Prudential Oversight at the CBB; and Mr. Mubarak Nabeel Matar, Assistant Undersecretary of Financial Operation at the Ministry of Finance and National Economy.

    During the event, the Bahraini delegation attended a meeting with senior global fund and asset managers to strengthen cross-border investment relations and highlight Bahrain’s capital market offerings. The conference serves as a platform for GCC exchanges to convene and reaffirm their commitment to enhancing cooperation, fostering productive partnerships, and driving the growth of capital markets across the region. These engagements aim to contribute to opening broader investment horizons at the regional level.

    Share this

    MIL OSI Economics –

    June 18, 2025

  • MIL-OSI Economics: CBB Governor Participates in HSBC GCC Exchanges 2025 Conference

    Source: Central Bank of Bahrain

    Published on 18 June 2025

    Manama, Bahrain – 18 June 2025:  H.E. Khalid Humaidan, Governor of the Central Bank of Bahrain (CBB), recently participated in the opening session at the HSBC GCC Exchanges 2025 Conference in a fireside chat titled “Bahrain’s Financial Sector: Reform Momentum, Market Confidence and Talent-Led Growth”. Held from 16th to 19th June in London, United Kingdom, the event brings together representatives from GCC exchanges, alongside a number of international officials and investors.

    Moderated by Mr. Joseph Ghorayeb, Chief Executive Officer of HSBC Bahrain, the fireside chat with H.E. the Governor underscored the CBB’s pivotal role in developing a regulatory framework that fosters innovation and advances financial services in the Kingdom. Leading the conversation, H.E. the Governor highlighted CBB’s efforts to attract foreign investments, enhance market competitiveness, and support national economic growth through sound regulatory reforms. He also emphasized the importance of human capital development aligned with global standards as a pillar of long-term sectoral advancement.

    The Kingdom of Bahrain’s delegation includes H.E. Khalid Humaidan, Governor of the CBB; Mr. Yousif Al Yousif, Chairman of Bahrain Bourse; Shaikh Khalifa bin Ebrahim Al-Khalifa, Chief Executive Officer of Bahrain Bourse; Mrs. Hesa Al Sada, Executive Director of Central Banking and Macro-Prudential Oversight at the CBB; and Mr. Mubarak Nabeel Matar, Assistant Undersecretary of Financial Operation at the Ministry of Finance and National Economy.

    During the event, the Bahraini delegation attended a meeting with senior global fund and asset managers to strengthen cross-border investment relations and highlight Bahrain’s capital market offerings. The conference serves as a platform for GCC exchanges to convene and reaffirm their commitment to enhancing cooperation, fostering productive partnerships, and driving the growth of capital markets across the region. These engagements aim to contribute to opening broader investment horizons at the regional level.

    Share this

    MIL OSI Economics –

    June 18, 2025

  • MIL-OSI Russia: Polytechnic students developed a comprehensive project for Russian Post

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    At the regional automated sorting center of Russian Post, students from Peter the Great St. Petersburg Polytechnic University and St. Petersburg State University of Economics defended a comprehensive project commissioned by the company.

    Students of the following training programs took part in the work: Management, Quality Management, Personnel Management, as well as various levels of education – bachelor’s and master’s degrees. The responsible executor was the Higher School of Industrial Management of IPMET.

    The diploma project is dedicated to the development of a set of measures aimed at improving the activities of Russian Post. Polytechnicians worked on issues in the field of improving logistics processes. A fourth-year student of the International Logistics program, Angelina Andreeva, presented a model for forming shipments and routing delivery to post offices. A second-year master’s student of the Quality Management at Enterprise program, Aleksey Mishchenko, presented a model for improving business processes based on the use of lean manufacturing tools. A fourth-year student of the St. Petersburg State University of Economics, Human Resources Management program, Yulia Koneva, proposed ways to adapt personnel for post offices.

    The Polytechnic University was represented at the defense by the Head of the Directorate of Basic Educational Programs Nadezhda Grashchenko, the Head of the Center for Team Building and Project Solutions of the IPMEiT Yulia Akimova, the Director of the Higher School of Industrial Management Olga Kalinina, the Deputy Director of the Higher School of Industrial Management for Academic and Methodological Work Zoya Simakova and the students’ scientific supervisors — the Senior Lecturer of the Higher School of Industrial Management Yegor Temirgaliev, who was the main ideologist of the implementation of the student project, and Associate Professor of the Higher School of Service and Trade Boris Lyamin.

    SPbGEU was represented by Vice-Rector for Educational Activities Veronika Shubaeva and Associate Professor of the Department of Sociology and Personnel Management Maria Gridneva.

    The defense was attended by specialists from Russian Post: the head of the regional center for training and development, Aleksey Tsybulsky, the head of the St. Petersburg regional automated sorting center, Elena Lebedeva, and the head of the courier delivery management department, Anna Kraus.

    The project turned out to be complex and unique. Firstly, it was carried out by order of a well-known large company, which already imposes certain obligations on the result. Secondly, it was implemented by students of different fields of study, which required a competent connection of identifying the problem and finding a common solution. Thirdly, students from two universities worked together. It was necessary to agree on the deadlines and requirements for completing final qualifying works, – said Vice-Rector for Educational Activities of SPbPU Lyudmila Pankova.

    Following the defense, the experts highly rated the results obtained.

    We will implement the ideas proposed by the students, which are very valuable. For example, they proposed ways to improve the formation of bulk shipments, how to adjust routes taking into account traffic in real time. The guys proposed simple, correct models, – shared Alexey Tsybulsky.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI USA: SPC Jun 18, 2025 0600 UTC Day 2 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

    SPC AC 180554

    Day 2 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1254 AM CDT Wed Jun 18 2025

    Valid 191200Z – 201200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS FROM PARTS OF NEW
    ENGLAND INTO THE MID ATLANTIC AND NORTH CAROLINA…

    …SUMMARY…
    Strong to potentially severe thunderstorms are forecast on Thursday
    from parts of New England into the Mid Atlantic and Carolinas.

    …Synopsis…
    A seasonably deep mid/upper-level trough is forecast to move from
    the lower Great Lakes region into the Northeast and Mid Atlantic on
    Thursday. A surface low will move across parts of Quebec during the
    day and evening, as a trailing cold front moves across parts of New
    England, the Mid Atlantic, and Carolinas/Southeast.

    An upstream midlevel shortwave trough will move across parts of
    northern MN into WI and upper MI by evening. An amplified
    mid/upper-level trough will move gradually eastward across the
    western CONUS, as an upper-level ridge initially over the southern
    Rockies begins to break down and shift eastward. In response to this
    trough, a surface low will gradually deepen across the northern High
    Plains.

    …New England into the Mid Atlantic/Southeast…
    Relatively rich low-level moisture will stream northward ahead of
    the front approaching New England and the Mid Atlantic during the
    day on Thursday. Moderate buoyancy may develop as far north as
    northern NY/VT, with pockets of stronger heating/destabilization
    farther south into the Mid Atlantic and Carolinas/Southeast.

    The strongest deep-layer flow/shear is still expected from
    PA/northern NJ northward into New England, where wind profiles will
    be conditionally supportive of supercells and organized bowing
    segments. Damaging winds and perhaps a tornado could accompany the
    strongest storms in this area.

    Farther south into the southern Mid Atlantic and Carolinas,
    deep-layer flow will be somewhat unidirectional and weaker, but
    still sufficient for some organized convection. Clusters capable of
    producing scattered wind damage will be possible, especially in
    areas where stronger diurnal heating/destabilization occurs.

    Deep-layer flow will be rather weak into parts of MS/AL/GA/SC, but
    the glancing influence of the mid/upper-level trough and relatively
    large MLCAPE and PW will support storms capable of producing
    isolated strong/damaging gusts.

    …Southwest MT and vicinity…
    Weak midlevel height falls are still expected across parts of
    western MT Thursday afternoon/evening, in response to the
    approaching mid/upper-level trough. Low-level moisture will remain
    limited, but strong diurnal heating will support high-based storm
    development. Steep low-level lapse rates and relatively strong
    midlevel flow will result in potential for isolated severe gusts
    during the afternoon and evening as convection spreads eastward.

    …Upper Midwest…
    Low-level warm advection related to the southeastward-moving
    midlevel shortwave trough may aid in storm development on Thursday
    from northern MN into parts of WI and upper MI. Moderate instability
    and sufficient deep-layer shear will support potential for a few
    stronger cells/clusters capable of producing large hail and damaging
    wind. Additional strong to locally severe storms may redevelop later
    Thursday night across parts of this region, in response to a
    nocturnally strengthening low-level jet.

    …Northern Plains…
    Diurnal heating of an increasingly moist airmass will result in
    moderate to strong buoyancy across parts of the northern Plains by
    Thursday afternoon. Deep-layer shear will be sufficient for
    organized storms, but diurnal storm development remains highly
    uncertain amid background midlevel height rises associated with a
    building ridge. Development of a storm or two cannot be ruled out
    through evening near a surface trough/weak dryline. Elevated storm
    coverage may increase somewhat Thursday night in response to a
    strengthening low-level jet, which could pose a threat of hail and
    localized strong gusts.

    ..Dean.. 06/18/2025

    CLICK TO GET WUUS02 PTSDY2 PRODUCT

    NOTE: THE NEXT DAY 2 OUTLOOK IS SCHEDULED BY 1730Z

    MIL OSI USA News –

    June 18, 2025

  • MIL-OSI USA: SPC Jun 18, 2025 0600 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

     For best viewing experience, please enable browser JavaScript support.

    Jun 18, 2025 0600 UTC Day 1 Convective Outlook

    Click to see valid 1Z – 12Z Day 1 Convective Outlook

    Updated: Wed Jun 18 05:28:12 UTC 2025 (Print Version |   |  )

    Probabilistic to Categorical Outlook Conversion Table

     Forecast Discussion

    SPC AC 180528

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1228 AM CDT Wed Jun 18 2025

    Valid 181200Z – 191200Z

    …THERE IS AN ENHANCED RISK OF SEVERE THUNDERSTORMS FROM SOUTHEAST
    MISSOURI INTO SOUTHERN LOWER MICHIGAN AND WESTERN OHIO…

    …SUMMARY…
    Strong to severe storms are expected today from parts of southern
    Missouri northeastward into southern lower Michigan and western
    Ohio. Damaging winds, isolated hail, and a few tornadoes will be
    possible. More isolated severe storms may develop across the
    southern Plains.

    …Midwest/Southern Great Lakes…

    A shortwave upper trough is forecast to move across the Mid-MS
    Valley and Midwest today. A swath of enhanced deep-layer
    southwesterly flow ahead of this feature will overspread portions of
    the Ozarks to the Ohio Valley and southern Great Lakes ahead of a
    surface front. A seasonally warm and moist airmass ahead of the
    front/composite outflow will support moderate destabilization. A
    surface low/MCV will develop northeast across central/northern IL to
    southern Lower MI during the afternoon into early evening. The
    current expectation is that thunderstorms will develop ahead of the
    surface low and front, with a mix of clusters and line segments.
    Midlevel lapse rates will remain modest, but isolated large hail is
    possible. More likely, damaging gusts will be the main hazard as
    linear convection develops ahead of the front. Tornado potential is
    possible near the surface low from portions of northeast IL into
    northern IN/southern Lower MI where low-level shear may be
    maximized. However, forecast guidance varies considerable regarding
    this scenario, so will maintain 5 percent tornado probabilities at
    this time.

    …TX/OK to the Mid-South…

    A very moist and unstable airmass will be in place across the
    region. A northeast to southwest oriented outflow boundary related
    to an MCS that is currently ongoing across northern OK as of 06z
    this morning will be draped across the Red River/southern OK
    vicinity into the Ozarks. Isolated to scattered thunderstorms are
    expected to develop diurnally. Large-scale ascent will be nebulous,
    but supercell wind profiles and strong instability/steep lapse rates
    will support isolated damaging wind and hail potential.

    …Northern Plains…

    Modest boundary layer moisture beneath steep midlevel lapse rates
    will support weak diurnal destabilization. Increasing
    west/northwesterly flow with height will provide sufficient shear
    for some storm organization and elongated/straight hodographs are
    indicated in forecast soundings. Furthermore, a deeply mixed
    boundary layer is evident. This should support isolated hail and
    strong gusts during the afternoon/early evening.

    …Mid-Atlantic…

    Strong heating of a very moist airmass will support moderate
    destabilization. Deep-layer westerly flow will remain somewhat weak,
    but sufficient for multicell clusters. Strong gusts may accompany
    this activity.

    ..Leitman/Weinman.. 06/18/2025

    CLICK TO GET WUUS01 PTSDY1 PRODUCT

    .html”>Latest Day 2 Outlook/Today’s Outlooks/Forecast Products/Home

    MIL OSI USA News –

    June 18, 2025

  • MIL-OSI: Bitget Launches “PRO” Mode with Customized Services for Institutional Clients and VIP Traders

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 18, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of Bitget PRO, a new program designed to support institutional and VIP trading needs. Built to meet the operational requirements of high-volume market participants, the program delivers an optimized trading environment with access to lower fees, better interests, custody and loan services along with higher API frequency limits, and increased withdrawal limits.

    These enhancements aim to facilitate efficient capital deployment and support complex trading strategies across various market conditions. As for the eligibility criteria, Bitget PRO requirements are automated, making qualifying traders gain easy access to its benefits. The cutoff for qualification occurs automatically at 9:00AM (UTC+8) daily, with varying benefits and fees according to the different PRO levels. PRO 1 requires 20% of users’ trading volume from the past 30-days to come from API trades. Conversely, users who do not meet these criteria will revert to VIP status. Bitget also offers market-making and broker programs, providing additional opportunities for users to engage with the platform’s ecosystem.

    “Institutional traders are increasingly driving the momentum of crypto’s adoption, shaping its narrative through scale, precision, and strategy. Bitget PRO is built to serve as the home base for crypto’s top-tier participants—offering advanced security and a playground to experiment with products that match the evolving demands of high frequency traders,” said Gracy Chen, CEO at Bitget.

    Bitget PRO is an extension of VIP offerings. While the VIP tier is structured for manual and retail traders, the PRO program is engineered for institutional-grade trading via APIs. PRO users benefit from technical advantages including increased rate limits, priority access to technical operations support, and direct engagements with Bitget’s API team for ongoing optimization. Besides higher API rate limits, Bitget PRO users will also unlock institutional loan programs, higher withdrawal limits, a secure private link connection as well as more sub accounts, further adding The new program will unlock a more efficient trading experience for high volume trading, aligning with Bitget’s goal of serving institutional clients and VIP traders at scale.

    Earlier this year, Bitget introduced an Institutional Lending service with up to 5x leverage on spot trading and plans to extend it to derivatives. The platform also upgraded its OTC services and partnered with custodians like Cobo and Fireblocks to enhance security and support. Additionally, Bitget improved its Unified Accounts feature, enabling live trading across multiple pairs within a single account for advanced traders. These steps show Bitget’s strategic plans in providing a comprehensive, institution-ready trading ecosystem.

    Bitget PRO marks the latest development in Bitget’s efforts to provide infrastructure suited for the next era of digital asset trading. As institutional participation in crypto markets deepens, Bitget remains focused on delivering tools and services that align with the requirements of programmatic, high-frequency, and high-volume traders.

    For more information about Bitget PRO, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ebdbcc63-2ca1-42cc-a119-ca6e51437ee0

    The MIL Network –

    June 18, 2025

  • MIL-OSI: GTreasury Launches GSmart AI, Setting the Standard for Secure, Adaptable, and Agentic AI in Treasury Operations

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 18, 2025 (GLOBE NEWSWIRE) — GTreasury, the global leader in Adaptable Treasury Solutions for the Office of the CFO, today announced the launch of GSmart AI, a comprehensive and purpose-built AI platform uniquely designed for treasury and finance operations. Leveraging best-in-class AI enterprise infrastructure, governance, and agent-driven workflows, GSmart AI empowers CFOs and treasurers to confidently navigate the increasingly complex treasury landscape by providing secure, actionable insights and agentic actions to amplify the value of GTreasury’s solutions, spanning connectivity, liquidity management, cash forecasting, payments, risk, netting, and other core treasury functions.

    CFOs and treasury teams face an evolving mix of complex data, unpredictable market conditions, and increasing regulatory pressure. Reliable AI support is a strategic necessity, and GTreasury’s GSmart AI addresses these demands with powerful capabilities, built-in compliance, and full transparency into every action it takes.

    “For AI to create real value for CFOs, it has to be based on clear design principles of security, removing inefficiencies, fast problem solving, and quick delivery,” said Renaat Ver Eecke, Chief Executive Officer, GTreasury. “GSmart AI, born from our recent investment in our Development Hub in Dublin, Ireland, amplifies our solutions, empowering CFOs and treasury teams to confidently take advantage of powerful insights and value without sacrificing compliance or oversight. We’re proud of our recent investment and expansion in development, which advances our vision of adaptable solutions that provide financial leaders with the clarity to act.”

    The value of GSmart AI lies in its adaptable and scalable capabilities, where AI actively reduces manual effort by performing routine-but-time-consuming treasury tasks, proactively identifying risks and variances, and recommending strategic actions to support more informed decision-making. Its flexible architecture empowers treasury teams to deploy and schedule AI agents tailored to specific operational needs, ensuring maximum adaptability and relevance.

    “With GSmart AI, we’ve built an enterprise-class AI platform that not only analyzes data but actively infers, reasons, and acts on behalf of treasury professionals, amplifying the value of our solutions,” said Mark Johnson, Chief Product Officer, GTreasury. “GSmart AI provides CFOs and treasurers full visibility and control, with clear traceability of every AI-generated output back to its source data. The depth of governance and explainability embedded into GSmart AI distinctly set our platform apart from generalized AI solutions or any other treasury technology.”

    GSmart AI’s differentiated value includes full alignment with ISO/IEC 42001 and ISO/IEC 27001 standards, readiness for the upcoming EU AI Act, and stringent data sovereignty practices. The platform strictly isolates client data, ensures no client data is used in AI model training, and maintains complete transparency through comprehensive audit logs and observability tools.

    Among the key features and benefits of GSmart AI:

    • Enterprise-class infrastructure: A scalable, API-driven agentic platform designed specifically for the complex needs of treasury and finance.
    • Security and compliance: Comprehensive encryption, zero-trust architecture, data residency controls, and rigorous global regulatory compliance including GDPR and CCPA.
    • Complete transparency and auditability: Full visibility into AI operations with explainable outputs linked directly to source documentation, backed by automated security monitoring and audit logging.
    • Client control and data sovereignty: Full user control over AI features through feature flags, explicit opt-in workflows, and strict client-specific data isolation.

    GSmart AI integrates seamlessly within GTreasury’s adaptable treasury management platform, providing flexible and intuitive interaction with existing solutions and workflows.

    To learn more about GSmart AI and request a demo, visit https://www.gtreasury.com/solutions/ai/treasury-ai-platform.

    About GTreasury

    GTreasury provides CFOs and Treasurers with The Clarity to Act on strategic financial decisions with the world’s most adaptable treasury platform, empowering them to face the challenges of today and tomorrow. Because each company faces different points of complexity and needs, our industry-leading solutions are purposefully designed, and amplified by GSmart AI, to support every stage of treasury complexity, from Liquidity Management and Cash Forecasting to Payments, Risk, and Netting. With GTreasury, financial leaders gain comprehensive connectivity across all banks and ERPs to build an orchestrated data environment, enabling rapid value realization with implementations up and running in weeks. Plus, our unmatched industry expertise ensures clients’ continued success through dedicated guidance and top-tier support. Trusted by over 1,000 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures. To learn more, visit GTreasury.com.

    GTreasury is headquartered in Chicago, with locations serving EMEA (Dublin and London) and APAC (Sydney, Singapore, and Manila).

    Contact
    Kyle Peterson
    kyle@clementpeterson.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b5d13173-97cc-4049-bb43-ab390988e8d0

    The MIL Network –

    June 18, 2025

  • MIL-OSI: Companjon is a top AI innovator, an AIFintech100 company for the second consecutive year

    Source: GlobeNewswire (MIL-OSI)

    • The market leader in Cancel for Any Reason in the EEA region is a top 100 insurtech innovator for the second year running.
    • AI-powered Dynamic Product & Pricing Engine delivers hyper-personalised protection and unlocks 25% M-o-M growth.
    • Newly launched Companjon One API gives partners access to all insurance products and developments through a single connection.

    DUBLIN, June 18, 2025 (GLOBE NEWSWIRE) — Companjon, the market-leading Insurtech+, is an AIFintech100 company for the second year in a row. The award acknowledges Companjon’s pioneering work in building AI-powered insurance solutions that scale across industries and geographies.

    The core of Companjon’s innovation is the company’s Dynamic Product & Pricing Engine, which uses AI and machine learning to analyse up to a billion data points per quote to offer hyper-personalised products to customers. By leveraging AI/ML technologies, Companjon is able to unlock a sustainable, 25% growth month over month. It also uses sophisticated AI models and automation for fast and precise claim handling.

    This year’s recognition also highlights “Companjon One API”, a recent innovation that delivers all Companjon insurance products, updates, and testing capabilities through a single, simplified connection. By reducing integration complexity and cost, One API allows partners to embed insurance into their international products more easily than ever before.

    With these technologies, Companjon became a market leader in Cancel for Any Reason insurance in the EEA region and delivered over 400 million transactions year-to-date.

    Companjon CEO, Matthias Naumann, said: “Being an AIFintech100 again is a strong signal that our approach is working. From our Dynamic Product & Pricing Engine to the newly launched Companjon One API, everything we build is designed to make the lives of our partners easier. That’s how we stay ahead in embedded insurance, and why our partners see measurable gains in revenue and customer experience. These innovations also enable us to unlock outstanding growth and stay market leaders in CFAR in the EEA.”

    FinTech Global CEO, Richard Sachar, said: “We applaud Companjon for being an AIFinTech100 company for a second year in a row. Their continued leadership in AI-powered, embedded insurance is redefining how financial services deliver value. Companjon continues to push boundaries with scalable, dynamic products that create real value for businesses and customers at the same time. We look forward to seeing what they achieve next, and how they will transform the insurtech space even further with the introduction of the Companjon One API.”

    About Companjon

    Companjon is a leading B2B2C Insurtech start-up specialising in fully digital, AI-driven embedded insurance. Its modern, end-to-end insurance solutions enable companies to delight their customers and drive more business value from stronger brand loyalty and new ancillary revenue opportunities. Companjon designs, builds, and underwrites its dynamic solutions on a 100% cloud-based platform capable of issuing 32,000 policies per second. They also introduced “Companjon One API”, which can deliver all their products and AI capabilities through a simplified connection. It has been recognised as one of the World’s Top Insurtech Companies 2024 by CNBC and one of the world’s most innovative insurtechs by FinTech Global for four consecutive years (2021-2024).

    Companjon seeks to change the way people think about insurance by creating seamless and positive experiences when things don’t go as planned: being right there when ‘life’ happens. The company is registered in Ireland and regulated by the Central Bank of Ireland.

    www.companjon.com

    Media Contact:
    Simone Vottari
    +353 86 032 4630
    press@companjon.com

    The MIL Network –

    June 18, 2025

  • MIL-OSI: Articul8 Showcases Multi-Agent Reasoning System to Advance Aerospace Engineering at Paris Air Show

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., June 18, 2025 (GLOBE NEWSWIRE) — Articul8, a leading enterprise GenAI company, today unveiled its next-generation multi-agent domain-specific AI platform at the Paris Air Show, demonstrating how artificial intelligence can actively reason, collaborate, and solve engineering problems across the entire aerospace lifecycle — from conceptual design to manufacturing execution.

    The showcase demonstrates how Articul8’s platform reduces errors and delays by orchestrating a team of AI agents that mirror expert-level reasoning across design, modeling, compliance, and supply chain coordination. Unlike traditional tools that passively generate outputs, Articul8’s platform enables AI agents to detect conflicts, propose fixes, and coordinate resolution in real time — with full traceability and enterprise-grade compliance.

    “We’re not just showing a point solution — we’re showing the power of connecting traditional engineering and operational silos,” said Arun Subramaniyan, CEO of Articul8. “At the Paris Air Show, we’re connecting the dots across design, engineering, and supply chain to show how GenAI can actively unlock value with precision in one of the world’s most complex industries.”

    What’s new: Resolving Engineering Failures with Multi-Agent Reasoning AI

    At the Paris Air Show, Articul8 spotlighted a persistent challenge in aerospace engineering: merging modules and sub-assemblies from different suppliers into a unified final assembly. These integration points often fail due to misaligned geometry, inconsistent specifications, or undocumented differences between supplier parts — even when all components technically fall within tolerance limits.

    To demonstrate the platform in action, Articul8 used a real-world example: a radome (aircraft nose covering) failing to merge correctly with the nose cone structure — a costly issue in aerospace assembly.

    With Articul8’s platform:

    • A Supplier Agent with geometry domain-specific model reviews design inputs and makes sure parts meet required specifications
    • A Modeling Agent with a design domain-specific model interacts directly with 3D modeling environments via APIs to check geometry and perform merge validations
    • A Process Agent with a supply-chain domain-specific model ensures the correct assembly sequence is followed, flags any anomalies, and recommends resolution paths

    When the system detects that a radome won’t merge correctly, it doesn’t just halt the process — it identifies the root cause to the right components that need to be repositioned due to their unique deviations, proposes a fix (such as a geometric adjustment), applies it via the modeling environment’s APIs, and auto-generates a compliance note for the supplier to prevent recurrence.

    This intelligent coordination eliminates trial-and-error, reduces stress on already overloaded senior experts, and ensures full traceability at every step.

    From Demo to Deployment: Domain-Specific GenAI in Action

    This live showcase extends Articul8’s growing A8-SupplyChain product line, a family of domain-specific GenAI models purpose-built for manufacturing and industrial environments. These models autonomously translate technical documentation into actionable steps, enabling real-time decision-making across engineering, production, and supplier ecosystems.

    By embedding domain-specific reasoning into every phase — from design validation to corrective action — Articul8 is helping global enterprises reduce risk, minimize delays, and ensure every step is audit-proof.

    Platform Highlights

    • Multi-Agent Domain-specific Orchestration: Domain-specific AI agents with distinct roles work together to carry out and validate engineering tasks across tools and 3D modeling environments — autonomously and in real time.
    • Built-in Domain-specific Reasoning: The system understands context, identifies failure points, and proactively recommends resolutions, knowing the specific nuances of the domain.
    • Traceability by Default: Every step, decision, and system response is logged, making it ideal for safety-critical, highly regulated environments.
    • No Clean Data Required: Articul8 ingests messy, unstructured files — reducing prep time and enabling faster deployment.

    Why It Matters

    With aerospace and defense sectors facing tighter timelines, heightened regulatory scrutiny, and distributed supply chains, Articul8’s platform delivers a new class of intelligence — one that embeds domain expertise directly into the systems teams already use.

    “Domain-specificity is where AI needs to go,” added Subramaniyan. “We’re building intelligent domain-specific agents that don’t just blindly generate outputs — they make decisions, take action, and create impact at every level of engineering.”

    About Articul8
    Articul8 AI is a technology company whose products transform enterprise data and expertise into powerful engines of growth, value and impact. Our full-stack GenAI platform is revolutionizing how enterprises harness their data and expertise to build expert-level Generative AI applications for their mission-critical challenges. Our products deliver enterprise-scale impact with ROI in hours to weeks. General-purpose GenAI models, while necessary, are not sufficient to deliver enterprise-specific decisioning and actioning. Our platform addresses this gap by making it straightforward for companies to build sophisticated, enterprise-scale and expert-level GenAI applications that encode their domain expertise. Our proprietary technology does the heavy lifting through autonomous decisions and actions, automated data intelligence, improved precision and relevance with industry knowledge encoded into Articul8’s library of domain and task-specific models. We are purpose-built for regulated industries and meet the highest standards of compliance, data security, privacy and performance, including traceability and auditability at every step. We are trusted by leading global enterprises such as Franklin Templeton, Intel, Itochu Techno-Solutions Corporation, AWS, Intel and Accenture to transform their mission-critical work.

    Media Contact
    Kacie Thomas
    (559) 287-0325
    Kacie.Thomas@articul8.ai

    The MIL Network –

    June 18, 2025

  • MIL-OSI Economics: Treasury Bill: Full Auction Result

    Source: Reserve Bank of India

    Auction Results 91-day 182-day 364-day
    I. Notified Amount   ₹9,000 Crore   ₹5,000 Crore ₹5,000 Crore
    II. Competitive Bids Received      
    (i) Number 127 85 90
    (ii) Amount ₹36084.290 Crore ₹23389.050 Crore ₹24305.250 Crore
    III. Cut-off price / Yield 98.6819 97.3508 94.8003
    (YTM: 5.3575%) (YTM: 5.4575%) (YTM: 5.5000%)
    IV. Competitive Bids Accepted      
    (i) Number 40 32 27
    (ii) Amount ₹8979.899 Crore ₹4989.736 Crore ₹4983.011 Crore
    V. Partial Allotment Percentage of Competitive Bids 42.25% 40.69% 36.20%
    (4 Bids) (1 Bid) (3 Bids)
    VI. Weighted Average Price/Yield 98.6847 97.3572 94.8091
    (WAY: 5.3460%) (WAY: 5.4440%) (WAY: 5.4901%)
    VII. Non-Competitive Bids Received      
    (i) Number 6 4 4
    (ii) Amount ₹6320.101 Crore ₹2810.264 Crore ₹1037.149 Crore
    VIII. Non-Competitive Bids Accepted      
    (i) Number 6 4 4
    (ii) Amount ₹6320.101 Crore ₹2810.264 Crore ₹1037.149 Crore
    (iii) Partial Allotment Percentage – – –

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/559

    MIL OSI Economics –

    June 18, 2025

  • MIL-Evening Report: Iran’s long history of revolution, defiance and outside interference – and why its future is so uncertain

    Source: The Conversation (Au and NZ) – By Amin Saikal, Emeritus Professor of Middle Eastern and Central Asian Studies, Australian National University; and Vice Chancellor’s Strategic Fellow, Victoria University

    Israeli Prime Minister Benjamin Netanyahu has gone beyond his initial aim of destroying Iran’s ability to produce nuclear weapons. He has called on the Iranian people to rise up against their dictatorial Islamic regime and ostensibly transform Iran along the lines of Israeli interests.

    United States President Donald Trump is now weighing possible military action in support of Netanyahu’s goal and asked for Iran’s total surrender.

    If the US does get involved, it wouldn’t be the first time it’s tried to instigate regime change by military means in the Middle East. The US invaded Iraq in 2003 and backed a NATO operation in Libya in 2011, toppling the regimes of Saddam Hussein and Muammar Gaddafi, respectively.

    In both cases, the interventions backfired, causing long-term instability in both countries and in the broader region.

    Could the same thing happen in Iran if the regime is overthrown?

    As I describe in my book, Iran Rising: The Survival and Future of the Islamic Republic, Iran is a pluralist society with a complex history of rival groups trying to assert their authority. A democratic transition would be difficult to achieve.

    The overthrow of the shah

    The Iranian Islamic regime assumed power in the wake of the pro-democracy popular uprising of 1978–79, which toppled Mohammad Reza Shah Pahlavi’s pro-Western monarchy.

    Until this moment, Iran had a long history of monarchical rule dating back 2,500 years. Mohammad Reza, the last shah, was the head of the Pahlavi dynasty, which came to power in 1925.

    In 1953, the shah was forced into exile under the radical nationalist and reformist impulse of the democratically elected Prime Minister Mohammad Mosaddegh. He was shortly returned to his throne through a CIA-orchestrated coup.

    Despite all his nationalist, pro-Western, modernising efforts, the shah could not shake off the indignity of having been re-throned with the help of a foreign power.

    The revolution against him 25 years later was spearheaded by pro-democracy elements. But it was made up of many groups, including liberalists, communists and Islamists, with no uniting leader.

    The Shia clerical group (ruhaniyat), led by the Shah’s religious and political opponent, Ayatollah Ruhollah Khomeini, proved to be best organised and capable of providing leadership to the revolution. Khomeini had been in exile from the early 1960s (at first in Iraq and later in France), yet he and his followers held considerable sway over the population, especially in traditional rural areas.

    When US President Jimmy Carter’s administration found it could no longer support the shah, he left the country and went into exile in January 1979. This enabled Khomeini to return to Iran to a tumultuous welcome.

    Birth of the Islamic Republic

    In the wake of the uprising, Khomeini and his supporters, including the current supreme leader Ayatollah Ali Khamenei, abolished the monarchy and transformed Iran to a cleric-dominated Islamic Republic, with anti-US and anti-Israel postures. He ruled the country according to his unique vision of Islam.

    Khomeini denounced the US as a “Great Satan” and Israel as an illegal usurper of the Palestinian lands – Jerusalem, in particular. He also declared a foreign policy of “neither east, nor west” but pro-Islamic, and called for the spread of the Iranian revolution in the region.

    Khomeini not only changed Iran, but also challenged the US as the dominant force in shaping the regional order. And the US lost one of the most important pillars of its influence in the oil-rich and strategically important Persian Gulf region.

    Fear of hostile American or Israeli (or combined) actions against the Islamic Republic became the focus of Iran’s domestic and foreign policy behaviour.

    A new supreme leader takes power

    Khomeini died in 1989. His successor, Ayatollah Ali Khamenei, has ruled Iran largely in the same jihadi (combative) and ijtihadi (pragmatic) ways, steering the country through many domestic and foreign policy challenges.

    Khamenei fortified the regime with an emphasis on self-sufficiency, a stronger defence capability and a tilt towards the east – Russia and China – to counter the US and its allies. He has stood firm in opposition to the US and its allies – Israel, in particular. And he has shown flexibility when necessary to ensure the survival and continuity of the regime.

    Khamenei wields enormous constitutional power and spiritual authority.

    He has presided over the building of many rule-enforcing instruments of state power, including the expansion of the Islamic Revolutionary Guard Corps and its paramilitary wing, the Basij, revolutionary committees, and Shia religious networks.

    The Shia concept of martyrdom and loyalty to Iran as a continuous sovereign country for centuries goes to the heart of his actions, as well as his followers.

    Khamenei and his rule enforcers, along with an elected president and National Assembly, are fully cognisant that if the regime goes down, they will face the same fate. As such, they cannot be expected to hoist the white flag and surrender to Israel and the US easily.

    However, in the event of the regime falling under the weight of a combined internal uprising and external pressure, it raises the question: what is the alternative?

    The return of the shah?

    Many Iranians are discontented with the regime, but there is no organised opposition under a nationally unifying leader.

    The son of the former shah, the crown prince Reza Pahlavi, has been gaining some popularity. He has been speaking out on X in the last few days, telling his fellow Iranians:

    The end of the Islamic Republic is the end of its 46-year war against the Iranian nation. The regime’s apparatus of repression is falling apart. All it takes now is a nationwide uprising to put an end to this nightmare once and for all.

    Since the deposition of his father, he has lived in exile in the US. As such, he has been tainted by his close association with Washington and Jerusalem, especially Netanyahu.

    If he were to return to power – likely through the assistance of the US – he would face the same problem of political legitimacy as his father did.

    What does the future hold?

    Iran has never had a long tradition of democracy. It experienced brief instances of liberalism in the first half of the 20th century, but every attempt at making it durable resulted in disarray and a return to authoritarian rule.

    Also, the country has rarely been free of outside interventionism, given its vast hydrocarbon riches and strategic location. It’s also been prone to internal fragmentation, given its ethnic and religious mix.

    The Shia Persians make up more than half of the population, but the country has a number of Sunni ethnic minorities, such as Kurds, Azaris, Balochis and Arabs. They have all had separatist tendencies.

    Iran has historically been held together by centralisation rather than diffusion of power.

    Should the Islamic regime disintegrate in one form or another, it would be an mistake to expect a smooth transfer of power or transition to democratisation within a unified national framework.

    At the same time, the Iranian people are highly cultured and creative, with a very rich and proud history of achievements and civilisation.

    They are perfectly capable of charting their own destiny as long as there aren’t self-seeking foreign hands in the process – something they have rarely experienced.

    Amin Saikal does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Iran’s long history of revolution, defiance and outside interference – and why its future is so uncertain – https://theconversation.com/irans-long-history-of-revolution-defiance-and-outside-interference-and-why-its-future-is-so-uncertain-259270

    MIL OSI Analysis – EveningReport.nz –

    June 18, 2025

  • MIL-OSI United Kingdom: UK House Price Index for April 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK House Price Index for April 2025

    The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.

    1000 Words/Shutterstock.com

    The April data shows:

    • on average, house prices have fallen 2.8% since March 2025
    • there has been an annual price rise of 3.5% which makes the average property in the UK valued at £265,000

    England

    In England the April data shows, on average, house prices fell by 3.7% since March 2025. The annual price rise of 3% takes the average property value to £286,000.

    • London experienced the most significant monthly increase with a movement of 2.6%
    • The North East saw the biggest monthly price fall, with a reduction of -8.1%
    • The North East experienced the greatest annual price rise, up by 6.4%
    • The South West saw the lowest annual price growth, with a rise of 0.9%

    The regional data for England indicates that:

    Price change by region for England

    Region Average price April 2025 Annual change % since April 2024 Monthly change % since March 2025
    East Midlands £237,000 3.8 -3.6
    East of England £332,000 2 -3.8
    London £567,000 3.3 2.6
    North East £156,000 6.4 -8.1
    North West £205,000 3.1 -6.4
    South East £380,000 3 -2
    South West £301,000 0.9 -3.8
    West Midlands £240,000 2.6 -4.6
    Yorkshire and the Humber £200,000 4 -6.1

    Repossession sales by volume for England

    The lowest number of repossession sales in February 2025 was in the South West.

    The highest number of repossession sales in February  2025 was in the North East.

    Repossession sales February 2025
    East Midlands 5
    East of England 2
    London 10
    North East 22
    North West 9
    South East 10
    South West 1
    West Midlands 11
    Yorkshire and the Humber 9
    England 79

    Average price by property type for England

    Property type April 2025 April  2024 Difference %
    Detached £467,000 £447,000 4.5
    Semi-detached £283,000 £270,000 4.7
    Terraced £234,000 £229,000 2.2
    Flat/maisonette £222,000 £223,000 -0.4
    All £286,000 £278,000 3

    Funding and buyer status for England

    Transaction type Average price
    April 2025 Annual price change % since April 2024 Monthly price change % since March 2025
    Cash £272,000 2.2 -4
    Mortgage £292,000 3.4 -3.5
    First-time buyer £239,000 2.7 -4.7
    Former owner occupier £350,000 3.5 -2.4

    Building status for England

    Building status* Average price February 2025 Annual price change % since February 2024 Monthly price change % since January 2025
    New build £446,000 26.5 12.1
    Existing resold property £286,000 4.3 0.5

    *Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

    London

    London shows, on average, house prices increased by 2.6% since March 2025. House prices have shown an annual price increase of 3.3% meaning the average price of a property is £567,000.

    Average price by property type for London

    Property type April 2025 April 2024 Difference %
    Detached £1,189,000 £1,108,000 7.3
    Semi-detached £729,000 £680,000 7.2
    Terraced £638,000 £609,000 4.8
    Flat/maisonette £449,000 £445,000 0.9
    All £567,000 £548,000 3.3

    Funding and buyer status for London

    Transaction type Average price
    Apr 2025 Annual price change % since April 2024 Monthly price change % since March 2025
    Cash £617,000 3.5 5.4
    Mortgage £556,000 3.3 1.8
    First-time buyer £481,000 2.2 0.9
    Former owner occupier £716,000 1.2 5.4

    Building status for London

    Building status* Average price February 2025 Annual price change % since February 2024 Monthly price change % since January 2025
    New build £596,000 19.1 10.3
    Existing resold property £555,000 1.2 -1.3

    *Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

    Wales

     Wales shows, on average, house prices rose by 0.3% since March 2025. An annual price increase of 5.3% takes the average property value to £210,000.

    There were 5 repossession sales for Wales in February 2025.

    Average price by property type for Wales

    Property type April 2025 April 2024 Difference %
    Detached £330,000 £313,000 5.5
    Semi-detached £211,000 £197,000 7.1
    Terraced £166,000 £159,000 4.9
    Flat/maisonette £128,000 £128,000 -0.1
    All £210,000 £200,000 5.3

    Funding and buyer status for Wales

    Transaction type Average price April 2025% Annual price change % since April 2024 Monthly price change % since March 2025
    Cash £208,000 4 -0.4
    Mortgage £211,000 5.9 0.6
    First-time buyer £180,000 5.5 -0.3
    Former owner occupier £251,000 5.1 1

    Building status for Wales

    Building status* Average price
    February 2025 Annual price change % since February 2024 Monthly price change % since January 2025
    New build £377,000 25.6 10.8
    Existing resold property £204,000 3.4 -0.6

    *Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

    UK house prices

    UK house prices rose by 3.5% in the year to April 2025, down from the revised estimate of 7% in the 12 months to March 2025. On a non-seasonally adjusted basis, average house prices in the UK decreased by 2.7% between March 2025 and April 2025, compared with a increase of 0.5% from the same period 12 months ago (March 2024 and April 2024).

    The UK Property Transactions Statistics showed that in April 2025, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 65,000. This is 28% lower than a year ago (April 2024). Between March 2025 and April 2025, UK transactions decreased by 63.5% on a seasonally adjusted basis.

    The highest house price monthly increase was in London, where prices rose by 2.6% since March 2025. The highest annual growth was in the the North East, where prices increased by 6.4% in the year to April 2025.

    See the economic statement.

    The UK HPI is based on completed housing transactions. Typically, a house purchase can take 6 to 8 weeks to reach completion. As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.

    Access the full UK HPI.

    Background

    1. We publish the UK House Price Index (HPI) on the second or third Wednesday of each month with Northern Ireland figures updated quarterly. We will publish the May 2025 UK HPI at 9:30am on Wednesday 16 July 2025. See the calendar of release dates.
    2. We have made some changes to improve the accuracy of the UK HPI. We are not publishing average price and percentage change for new builds and existing resold property as done previously because there are not currently enough new build transactions to provide a reliable result. This means that in this month’s UK HPI reports, new builds and existing resold property are reported in line with the sales volumes currently available.
    3. The UK HPI revision period has been extended to 13 months, following a review of the revision policy (see calculating the UK HPI section 4.4). This ensures the data used is more comprehensive.
    4. Sales volume data is available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions that require us to create a new register, such as new builds, are more complex and require more time to process. Read revisions to the UK HPI data.
    5. Revision tables are available for England and Wales within the downloadable data in CSV format. See about the UK HPI for more information.
    6. HM Land Registry, Registers of Scotland, Land & Property Services/Northern Ireland Statistics and Research Agency and the Valuation Office Agency supply data for the UK HPI.
    7. The Office for National Statistics (ONS) and Land & Property Services/Northern Ireland Statistics and Research Agency calculate the UK HPI. It applies a hedonic regression model that uses the various sources of data on property price, including HM Land Registry’s Price Paid Dataset, and attributes to produce estimates of the change in house prices each month. Find out more about the methodology used from the ONS and Northern Ireland Statistics & Research Agency.
    8. We take the UK Property Transaction statistics  from the HM Revenue and Customs (HMRC) monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries. The number of property transactions in the UK is highly seasonal, with more activity in the summer months and less in the winter. This regular annual pattern can sometimes mask the underlying movements and trends in the data series. HMRC presents the UK aggregate transaction figures on a seasonally adjusted basis. We make adjustments for both the time of year and the construction of the calendar, including corrections for the position of Easter and the number of trading days in a particular month.
    9. UK HPI seasonally adjusted series are calculated at regional and national levels only. See data tables.
    10. The first estimate for new build average price (April 2016 report) was based on a small sample which can cause volatility. A three-month moving average has been applied to the latest estimate to remove some of this volatility.
    11. The UK HPI reflects the final transaction price for sales of residential property. Using the geometric mean, it covers purchases at market value for owner-occupation and buy-to-let, excluding those purchases not at market value (such as re-mortgages), where the ‘price’ represents a valuation.
    12. HM Land Registry provides information on residential property transactions for England and Wales, collected as part of the official registration process for properties that are sold for full market value.
    13. The HM Land Registry dataset contains the sale price of the property, the date when the sale was completed, full address details, the type of property (detached, semi-detached, terraced or flat), if it is a newly built property or an established residential building and a variable to indicate if the property has been purchased as a financed transaction (using a mortgage) or as a non-financed transaction (cash purchase).
    14. Repossession sales data is based on the number of transactions lodged with HM Land Registry by lenders exercising their power of sale.
    15. For England, we show repossession sales volume recorded by government office region. For Wales, we provide repossession sales volume for the number of repossession sales.
    16. Repossession sales data is available from April 2016 in CSV format. Find out more information about repossession sales.
    17. We publish CSV files of the raw and cleansed aggregated data every month for England, Scotland and Wales. We publish Northern Ireland data on a quarterly basis. They are available for free use and re-use under the Open Government Licence.
    18. HM Land Registry is a government department created in 1862. Its vision is: “A world-leading property market as part of a thriving economy and a sustainable future.”
    19. HM Land Registry’s purpose is: “We protect your land ownership and provide services and data that underpin an efficient and informed property market.”
    20. HM Land Registry safeguards land and property ownership valued at £8 trillion, enabling over £1 trillion worth of personal and commercial lending to be secured against property across England and Wales. The Land Register contains more than 26.5 million titles showing evidence of ownership for more than 89% of the land mass of England and Wales.
    21. For further information about HM Land Registry visit www.gov.uk/land-registry.
    22. Follow us on @HMLandRegistry, our blog, LinkedIn and Facebook

    Contact

    Press Office

    Trafalgar House
    1 Bedford Park
    Croydon
    CR0 2AQ

    Email HMLRPressOffice@landregistry.gov.uk

    Phone (Monday to Friday 8:30am to 5:30pm) 0300 006 3365

    Mobile (5:30pm to 8:30am weekdays, all weekend and public holidays) 07864 689 344

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 18 June 2025

    MIL OSI United Kingdom –

    June 18, 2025

  • MIL-OSI Africa: Mashatile arrives in Moscow to boost SA-Russia trade relations

    Source: South Africa News Agency

    Deputy President Paul Mashatile has arrived in Moscow for a working visit aimed at strengthening economic and trade ties between South Africa and Russia. 

    The Deputy President was received at the airport by the Deputy Head of State Protocol, Andrei Milyaev, the Deputy Director of the African Department, Andrei Stolyarov, and South Africa’s Deputy Minister of International Relations and Cooperation, Alvin Botes. 

    According to the Deputy President’s Office, the visit will focus on enhancing economic cooperation between the two countries in sectors such as agriculture, automotive, energy, and mining industries, as well as cooperation in science and technology. 

    “It will take place in two cities, namely Moscow and St. Petersburg, for high-level engagements as well as economic diplomacy activities,“ the Deputy President’s Office said in a statement. 

    In Moscow, Mashatile will meet with the Prime Minister of Russia, Mikhail Mishutin, and lay a wreath at the memorial site dedicated to South Africa’s liberation stalwarts, John Beaver (JB) Marks and Moses Kotane. 

    Following this, he will participate in the 28th St. Petersburg International Economic Forum (SPIEF2025). This year’s forum will be held from 19 – 21 June under the theme: “Shared Values: The Foundation of Growth in a Multipolar World”.

    The Deputy President will participate in the plenary session of SPIEF2025 and has also received an invitation to speak at the Russia-Africa Business Dialogue.

    In addition, he is scheduled to deliver a public lecture at St. Petersburg State University on the topic: “South Africa’s G20 Presidency in a Rapidly Changing Geopolitical Environment”.

    He will also address attendees at the opening of the South African Trade and Investment Seminar.

    The St. Petersburg leg of the visit aims to enhance South Africa’s trade relationships and establish the country as a prime investment destination.

    According to the Deputy President’s Office, this trip is Mashatile’s first visit to Russia since he took office under the seventh administration. 

    He is accompanied by a delegation of Ministers and Deputy Ministers, who are part of the Economic Sectors, Investment, Employment and Infrastructure Development Cabinet Cluster. 

    This includes the Science, Technology and Innovation Minister, Dr Blade Nzimande; Water and Sanitation Minister Pemmy Majodina; Trade, Industry and Competition Minister Parks Tau; Agriculture Deputy Minister Nokuzola Capa; Public Works and Infrastructure Deputy Minister Sihle Zikalala; Mineral and Petroleum Resources Deputy Minister, Phumzile Mgcina, and Sport, Arts and Culture Deputy Minister,  Peace Mabe. – SAnews.gov.za

    MIL OSI Africa –

    June 18, 2025

  • MIL-OSI China: Beyond blind boxes: What’s behind Labubu’s global craze?

    Source: People’s Republic of China – State Council News

    A resident takes photos of a Labubu toy at the Taipa exhibition area of “POP MART MACAO CITYWALK” in south China’s Macao, June 6, 2025. [Photo/Xinhua]

    In the pre-dawn chill outside a New York mall, young fans camped overnight, eager to get their hands on a Labubu doll. In Paris, shoppers carrying Labubu shopping bags posed for photos in front of the Louvre. In Seoul’s Myeongdong shopping area, long queues formed not for K-pop stars, but for Labubu. Its theme song echoed in Spanish streets.

    At the center of this global craze is a small, sharp-eared figure with jagged teeth and an ambiguous expression — Labubu, a curious creation from China that is capturing the imagination of global youth.

    The frenzy surrounding Labubu has sparked long queues, thriving secondary markets, and rental services, with some transactions standing out due to their scale. A one-of-a-kind mint-green, human-sized Labubu sold for 1.08 million yuan (about 150,531 U.S. dollars) at a Beijing auction last week, setting a new record for the blind box toy as it transitions from pop craze to coveted collectible.

    From “world factory” to “global creative center”

    This nine-toothed, punk-cute creature from Pop Mart is more than just a toy. It has become a cultural and commercial force. In 2024, Pop Mart’s “The Monsters” series swept through global markets, generating over 3 billion yuan in revenue, a 726.6 percent increase from the previous year and the company’s most successful IP to date.

    It is rare for a comic or toy IP to break the culture wall and be embraced by both Asian cultures as well as mainstream Western pop stars and sports stars, according to Jessie Xu, an analyst at Deutsche Bank, which significantly raised its target price for Pop Mart shares on the strength of Labubu’s performance.

    Labubu’s rise marks more than a viral toy trend: it signals a broader shift in China’s role on the global stage. No longer just a manufacturing hub, China is emerging as a source of original cultural exports. “Labubu’s success marks China’s transition from ‘world factory’ to ‘global creative center’,” noted a recent commentary on the website of China’s Qiushi Journal, the flagship magazine of the Communist Party of China Central Committee, reflecting on the nation’s economic evolution beyond low-cost production.

    What makes this spiky-toothed imp resonate from Seoul to Spain? Designed by Hong Kong artist Kasing Lung, Labubu defies the traditional traits that are associated with being cute. With large ears and a fixed grin featuring nine pointy teeth, its oddball charm resonates with a young generation that sees itself in its mischievous, soft-hearted persona.

    “Labubu’s image aligns closely with the way today’s consumers express themselves,” said Yu Yiqi, an associate researcher at Fudan University, adding that its blend of mild rebellion — defiant yet harmless — has made this unconventional IP more recognizable, accepted, and embraced by consumers.

    Pop Mart amplified Labubu’s appeal on a global scale. In Thailand, the furry doll was granted the title of “Amazing Thailand Experience Explorer” by tourism authority. In Singapore, a Merlion-themed edition sold out almost instantly. What began as a toy has evolved into a kind of cultural conduit, quietly connecting young people across borders.

    Toys themed on Labubu, a popular furry doll from Chinese toy company Pop Mart, are pictured during the opening ceremoy of a new offline store of Pop Mart in Bangkok, Thailand, July 5, 2024. [Photo/Xinhua]

    The long game of patience, precision 

    Labubu’s explosion wasn’t overnight.

    “In 2010, Beijing got its first Pop Mart store. I was 23,” 38-year-old Pop Mart’s CEO Wang Ning recalled. Early days were fraught. With little recognition, the startup struggled to secure collaborations with established IPs.

    Yet it developed a simple method to spot potential hits. At art fairs, artist booths with the longest lines were seen as a clear sign of consumer interest. By gathering strong creative talent early on, the little-known company quickly made a name for itself.

    As the youngest self-made founder on Forbes’ 2024 list of Best CEOs in China, Wang’s age has led many to view Pop Mart as a young company. In reality, it has been quietly building its presence in the designer toy space for 15 years. Since launching its international expansion in 2018, Pop Mart has steadily advanced its global strategy, with operations now spanning nearly 100 countries and regions.

    Labubu’s success would not have been possible without meticulous iteration. Pop Mart and Lung spent a considerable amount of time refining Labubu, from the initial “Forest Concert” series to the recently released “Big into Energy” series, gradually shaping its “punk-cute” identity into a distinct cultural symbol.

    The toymaker is not alone in embracing the long game. The animated blockbuster Ne Zha 2 took five and a half years to complete, with more than 4,000 people involved and nearly 2,000 visual effects shots. The hit video game Black Myth: Wukong was developed for over six years, with its creators pouring vast artistic resources into delivering high-end visuals and performance for players.

    Precision matters. Wang fixated on the smallest details, from store layouts designed to guide browsing flow, to display case placement intended to catch the eye, and maintenance schedules aimed at enhancing the customer experience. “Innovation is the fundamental guarantee for enterprises to withstand storms and achieve sustainable development,” the Qiushi website commentary noted, underscoring the relentless focus behind Labubu’s success.

    Made in China, designed for the world 

    Labubu’s rise to becoming a globally coveted product is rooted in China’s vast manufacturing ecosystem. “As a global manufacturing powerhouse, China has a complete industrial chain and a mature industrial environment, offering significant comparative advantages,” Wang said.

    More than 70 percent of Pop Mart’s production comes from factories in Dongguan, south China’s Guangdong Province, the heart of China’s toy manufacturing industry. The city is home to some 4,000 toy companies and 1,500 supporting suppliers. It is responsible for producing a quarter of the world’s animation merchandise and 85 percent of China’s designer toys.

    When Labubu introduced an innovative blend of vinyl and plush materials, factories in Dongguan delivered with remarkable precision. They even created separate molds for each individual component. “If you can make Pop Mart, you can make any designer toy in the world,” a manufacturing partner said.

    As a leading arts hub in Asia and a regular host of Art Basel, Hong Kong provided the artistic foundation. It was here that Wang discovered talented illustrators like Lung. This model of collaboration between art and manufacturing has propelled China’s designer toy industry from contract production to value creation.

    Customers purchase products at a POP MART store in London, Britain, on May 21, 2025. The trendy toys recently launched by Chinese pop culture brand POP MART have drawn fans worldwide, which stands as a prime example of a new wave of innovative Chinese products, revolutionizing global perspectives on “Made in China” within the toy industry. [Photo/Xinhua]

    China’s pro-consumption policies have provided strong tailwinds for the designer toy industry. A national action plan released in March calls for cultivating “trendy domestic goods,” while the Ministry of Commerce has been promoting “IP plus consumption” by developing creative retail spaces and cultural landmarks. The country’s designer toy market, valued at roughly 60 billion yuan in 2023, is projected to reach 110.1 billion yuan by 2026, with annual growth rate exceeding 20 percent.

    Greater openness is also fueling the cultural exchange crucial to IP growth. China has expanded its unilateral visa-free access program, allowing travelers from 47 countries to stay for up to 30 days. This has drawn a growing number of international visitors seeking firsthand experiences of Chinese culture. The immersive contact not only deepens global understanding of China’s lifestyle, but also fosters an environment where homegrown IPs like Labubu can flourish and succeed on the international stage.

    Yet, white-hot demand breeds challenges. Frenzied queues in London reportedly led to scuffles, forcing Pop Mart to briefly suspend UK Labubu sales. Similar safety concerns prompted a temporary halt in the Republic of Korea.

    Pop Mart has publicly distanced itself from speculative frenzy in the second-hand market, reiterating that the company has never — and will never — participate in any form of resale activities involving collectible toys. It also urged consumers to approach purchases with rational expectations.

    Though often attributed to psychological triggers like unpredictable rewards and fear of missing out, the fascination with blind boxes, according to Wang, stems from something deeper.

    “What really matters is the designer toy, the IP, and the story behind blind boxes,” he said, noting that Pop Mart is in the business of trendy designer toys, not just surprise packaging. “It’s not the blind box that hooks people — it’s the characters inside, which represent some of China’s most attractive consumer IPs.”

    “Not every IP will become a hit,” said Yu. “What matters is that Pop Mart takes a systematic approach to selecting, managing, and supporting IPs, grounded in its role as a trendsetter. Trends rise and fall, but a company needs a steady pipeline to consistently deliver value and meet consumer demand.”

    From scouting more than 350 artists worldwide to growing 13 IPs with each’s annual revenue exceeding 100 million yuan, Pop Mart has a clear goal: to keep its IPs alive and constantly evolving. Once aspiring to be “Disney of China,” the company is now working to become “Pop Mart of the world.”

    “Labubu isn’t Pop Mart’s first red-hot IP,” Yu said. “Nor will it be the last.”

    MIL OSI China News –

    June 18, 2025

  • NCL to raise yoga awareness among 25,000 people in massive campaign ahead of International Yoga Day

    Source: Government of India

    Source: Government of India (4)

    Northern Coalfields Limited (NCL), a Miniratna company under the Ministry of Coal, has launched a week-long campaign to promote yoga and its health benefits in the Singrauli region. The drive, running from June 15 to June 20, aims to connect nearly 25,000 people through various community-oriented programs in preparation for International Yoga Day (IDY) on June 21.

    This year’s IDY theme, “One Earth, One Health,” reflects the growing understanding of the deep connection between human health and the health of the planet. Under the leadership of Prime Minister Narendra Modi, International Yoga Day has grown into a global movement fostering well-being, peace, and harmony worldwide through the ancient wisdom of yoga.

    NCL’s campaign is designed to inspire physical well-being, mental peace, and a strong bond with nature and community. The company also plans to integrate yoga as a sustainable practice within its workplace and promote ongoing health initiatives for employees, their families, and local stakeholders.

    The initiative includes yoga awareness rallies targeting all community members — employees, contractual workers, students, and residents of the surrounding areas. Creative competitions such as essay writing and poster making have been organized to encourage local youth to reflect on yoga’s role in health and well-being.

    Public yoga sessions adhering to the Common Yoga Protocol (CYP) will be held for participants of all ages, from children to senior citizens. Additionally, workshops in schools and colleges aim to instill the habit of yoga in young learners.

    On June 21, over 10,000 people are expected to participate in coordinated yoga sessions across all NCL areas and units, making it a grand celebration of International Yoga Day.

    June 18, 2025

  • MIL-OSI Russia: Premises in the Lanceray house have been put up for city auction

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Investors can buy four rooms in a historic building in the Krasnoselsky District. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “Investors can purchase four premises with a total area of about two thousand square meters in the Lanceray house on Milyutinsky Lane. The corresponding objects are already available for purchase on the investment portal. Another premises in this architectural monument are planned to be put up for auction in the near future. The building has the status of a cultural heritage site of regional significance. The new owners will have to carry out restoration and reconstruction work, as well as use the premises in accordance with the security obligation to ensure the protection of the architectural heritage of the capital,” Vladimir Efimov noted.

    The cultural heritage site is located at the address: Milyutinsky Lane, Building 20/2, Building 1. The building in the Gothic Art Nouveau style began to be built in 1915 under the direction of architect Valentin Dubovsky. After the October Revolution, the house was completed according to the design of architect Alexander Kalmykov.

    “The largest of the premises put up for auction has an area of over 1.7 thousand square meters and occupies the basement of an eight-story residential building. The sizes of the other three objects vary from 72.6 to 129.3 square meters. The building is located on the second line of the Boulevard Ring, a three-minute walk from the Turgenevskaya metro station. The area with developed public and business activity will be a good place to open a store, office or business in the restaurant and hotel industry,” she noted.

    Ekaterina Solovieva, Minister of the Moscow Government, Head of the Moscow Department of City Property.

    As the head of the Moscow City Department for Competition Policy said Kirill Purtov, the acceptance of applications for participation in electronic auctions for the purchase of four properties in Milyutinsky Lane will end on July 10, 14 and 16, depending on the lot. The auctions will take place on July 22, 23 and 25, respectively.

    All information about the premises put up for auction is presented on the capital’s investment portal. You can learn more about them, study the lot documentation and the rules for conducting auctions in the section “Property from the city”.

    The development of electronic services for entrepreneurs is carried out within the framework of the national project “Data Economy”.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155377073/

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Europe: Euro area monthly balance of payments: April 2025

    Source: European Central Bank

    18 June 2025

    • Current account recorded €20 billion surplus in April 2025, down from €51 billion in previous month
    • Current account surplus amounted to €419 billion (2.8% of euro area GDP) in the 12 months to April 2025, up from €339 billion (2.3%) one year earlier
    • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €690 billion and non-residents’ net acquisitions of euro area portfolio investment securities also totalled €690 billion in the 12 months to April 2025

    Chart 1

    Euro area current account balance

    (EUR billions unless otherwise indicated; working day and seasonally adjusted data)

    Source: ECB.

    The current account of the euro area recorded a surplus of €20 billion in April 2025, a decrease of €31 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€30 billion) and services (€ 7 billion), while the primary income account was balanced (€0 billion). A deficit was recorded for secondary income (€16 billion).

    Table 1

    Current account of the euro area

    Source: ECB.

    Note: Discrepancies between totals and their components may be due to rounding.

    Data for the current account of the euro area

    In the 12 months to April 2025, the current account surplus widened to €419 billion (2.8% of euro area GDP), up from a surplus of €339 billion (2.3% of euro area GDP) one year earlier. This increase was mainly driven by larger surpluses for goods (up from €342 billion to €384 billion), services (up from €140 billion to €164 billion) and primary income (up from €25 billion to €48 billion). These developments were partly offset by a larger deficit for secondary income (up from €168 billion to €176 billion).

    Chart 2

    Selected items of the euro area financial account

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: For assets, a positive (negative) number indicates net purchases (sales) of non-euro area instruments by euro area investors. For liabilities, a positive (negative) number indicates net sales (purchases) of euro area instruments by non-euro area investors.

    In direct investment, euro area residents made net investments of €134 billion in non-euro area assets in the 12 months to April 2025, following net disinvestments of €192 billion one year earlier (Chart 2 and Table 2). Non-residents disinvested €20 billion in net terms from euro area assets in the 12 months to April 2025, following net disinvestments of €334 billion one year earlier.

    In portfolio investment, euro area residents’ net purchases of non-euro area equity increased to €135 billion in the 12 months to April 2025, up from €69 billion one year earlier. Over the same period, net purchases of non-euro area debt securities by euro-area residents increased to €555 billion, up from €459 billion one year earlier. Non-residents’ net purchases of euro area equity increased to €365 billion in the 12 months to April 2025, up from €207 billion one year earlier. Over the same period, non-residents made net purchases of euro area debt securities amounting to €325 billion, declining from net purchases of €412 billion one year earlier.

    Table 2

    Financial account of the euro area

    (EUR billions unless otherwise indicated; transactions; non-working day and non-seasonally adjusted data)

    Source: ECB.

    Notes: Decreases in assets and liabilities are shown with a minus sign. Net financial derivatives are reported under assets. “MFIs” stands for monetary financial institutions. Discrepancies between totals and their components may be due to rounding.

    Data for the financial account of the euro area

    In other investment, euro area residents recorded net acquisitions of non-euro area assets amounting to €403 billion in the 12 months to April 2025 (following net acquisitions of €163 billion one year earlier), while they recorded net incurrences of liabilities of €122 billion (following net disposals of €142 billion one year earlier).

    Chart 3

    Monetary presentation of the balance of payments

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: “MFI net external assets (enhanced)” incorporates an adjustment to the MFI net external assets (as reported in the consolidated MFI balance sheet items statistics) based on information on MFI long-term liabilities held by non-residents, available in b.o.p. statistics. B.o.p. transactions refer only to transactions of non-MFI residents of the euro area. Financial transactions are shown as liabilities net of assets. “Other” includes financial derivatives and statistical discrepancies.

    The monetary presentation of the balance of payments (Chart 3) shows that the net external assets (enhanced) of euro area MFIs increased by €452 billion in the 12 months to April 2025. This increase was driven by the current and capital accounts surplus and, to a lesser extent, by euro area non-MFIs’ net inflows in portfolio investment equity and debt and in other investment. These developments were partly offset by euro area non-MFIs’ net outflows in direct investment.

    In April 2025 the Eurosystem’s stock of reserve assets decreased to €1,496.9 billion from €1,511 billion in the previous month (Table 3). This decrease was driven by negative exchange rate changes (€18.0 billion) and, to a lesser extent, by negative price changes (€ 1.2 billion). These were partly offset by net acquisitions of assets (€ 5.2 billion).

    Table 3

    Reserve assets of the euro area

    (EUR billions; amounts outstanding at the end of the period, flows during the period; non-working day and non-seasonally adjusted data)

    Source: ECB.

    Notes: “Other reserve assets” comprises currency and deposits, securities, financial derivatives (net) and other claims. Discrepancies between totals and their components may be due to rounding.

    Data for the reserve assets of the euro area

    Data revisions

    This press release does not incorporate revisions to previous periods.

    MIL OSI Europe News –

    June 18, 2025

  • MIL-OSI Africa: Hilton to Triple its Presence in Africa to More Than 160 Hotels

    • Hilton expects to open more than 100 hotels in the coming years in markets including Ghana, Benin, Nigeria, Angola and Madagascar
    • Most recent hotel openings include Canopy by Hilton Cape Town Longkloof, Hampton by Hilton Sandton Grayston and DoubleTree by Hilton Addis Ababa Airport
    • Hilton to make its Ghana debut later this year with the opening of Hilton Accra Cantonments
    • Hilton is currently hiring for 600 new hospitality jobs in Africa and expects to create 18,000 new positions as it expands its portfolio.

    Coinciding with Future Hospitality Summit Africa 2025, Hilton (NYSE: HLT) today announced plans to almost triple its presence in Africa to more than 160 hotels trading in the coming years. Across its portfolio of market-leading brands, Hilton expects to open more than 100 hotels on the continent, supporting Africa’s burgeoning hospitality sector and creating approximately 18,000 jobs for local people.

    Carlos Khneisser, chief development officer, Middle East & Africa, Hilton, said, “We are thrilled to announce several new hotel agreements which significantly expand our footprint in Africa, a continent brimming with potential and opportunity. Our development strategy underscores our commitment to supporting Africa’s hospitality sector as we partner with owners to grow our footprint, deliver exceptional stays for our customers and create jobs for local people. Africa offers incredible opportunity, from thriving business hubs to vibrant cultures, wildlife, and natural landscapes. We are excited to unveil a host of new destinations building on Hilton’s legacy of hospitality across Africa for over 65 years.”  

    Hilton Debuts in Angola

    Hilton has made its Angolan debut with the signing of three properties – two in the capital city of Luanda under its flagship Hilton Hotels & Resorts brand and affordable and upscale Hilton Garden Inn brand, as well as one in Cabinda with a property under its award-winning DoubleTree by Hilton brand.

    Hilton Luanda Hotel Godinho

    Hilton has signed Hilton Luanda Hotel Godinho in partnership with Servicab S.A. The hotel is expected to open in 2027 and will feature 220 guest rooms and suites. Stretched along an 11,250-square-metre beachfront with unobstructed views of the ocean, the property will feature multiple dining options and over 1,000 square metres of event space.

    Hilton Garden Inn Luanda Airport

    Hilton has signed Hilton Garden Inn Luanda Airport in partnership with Crestigo. Set to open in 2028, Hilton Garden Inn Luanda Airport will feature 200 guest rooms, an all-day dining restaurant and terrace, flexible meeting rooms, a fitness centre, a pool, and a rooftop bar. The hotel’s proximity to Antonio Agostinho Neto International Airport and corporate business hubs makes it an ideal choice for business travellers.

    DoubleTree by Hilton Cabinda Futila Residences

    Hilton has also signed an agreement with Prodoil S.A. to debut its DoubleTree by Hilton brand in Angola. The property is expected to open in 2026 and will provide 290 contemporary apartments, including studio rooms, two and three-bedroom suites, as well as 10 three-bedroom oceanfront villas. It will also feature a restaurant, a swimming pool, and a natural lake.

    Additional Hilton Market Debuts

    Hilton Cotonou

    In Benin, Hilton has signed an agreement to open Hilton Cotonou in partnership with the Republic of Benin, through the Société de Développement Hôtelier du Bénin (SDHB). This landmark project marks Hilton’s official entry into the Beninese market.

    Scheduled to open in 2028, Hilton Cotonou will be strategically located on the Boulevard de la Marina, next to the Congress Palace, key government offices, and several international embassies. The hotel will feature 233 contemporary guest rooms and suites, an all-day dining restaurant, a signature destination bar and terrace, a pool bar, a spa, an outdoor pool, and flexible meeting spaces designed for both business and social events.

    The project is expected to generate several hundred direct and indirect jobs across hospitality and related sectors. It will also enhance Benin’s capacity to host international conferences and events, reinforcing the country’s ambition to become an African hub for business and high-end tourism.

    Hilton & Hilton Garden Inn Antananarivo 

    Hilton has signed agreements to open two properties in Madagascar, marking Hilton’s re-entry into the country. Located in the heart of Madagascar’s capital and expected to open in 2028, Hilton Antananarivo will feature 170 guest rooms, multiple dining options, a ballroom, six meeting rooms, a fitness centre, spa and outdoor pool. Further South, Hilton Garden Inn Antananarivo will be part of a mixed-use development with retail and office spaces, making it ideal for business and leisure travellers. Set to open in 2027, the 120-guest room hotel will offer a restaurant, bar, flexible meeting rooms, a fitness centre, and an outdoor pool.

    Hilton’s Nigeria Expansion

    The Wave Hotel Abuja Jabi, Curio Collection by Hilton

    Located in Jabi, one of the capital’s most popular districts, The Wave Hotel Abuja Jabi, Curio Collection by Hilton, will feature 93 stylishly appointed guest rooms, upscale dining venues, an outdoor pool, and a wellness centre. Developed in partnership with The Wave Hotel Limited (OpCo), the hotel is set to open in 2026 and benefits from being a short 10-minute drive from Abuja’s Commercial Business District. Each hotel in Curio Collection is hand-picked to immerse guests in one-of-a-kind moments in the world’s most sought-after destinations, evoking a bespoke story through distinctive architecture and design, world-class food and beverage, and curated experiences. 

    Hilton Lagos Ikeja

    Hilton has signed Hilton Lagos Ikeja in partnership with Cornfield Group. Located in Ikeja’s government and residential hub, the hotel is strategically situated near corporate and governmental offices and in proximity to the Murtala Muhammed International Airport. Slated to open in 2029, the hotel will feature 200 modern guest rooms and suites – and offers elevated dining options such as an all-day dining restaurant, a signature restaurant, a lobby bar, a pool bar & grill, and a destination bar. The hotel will also include a spacious ballroom, four meeting rooms, and a fully equipped fitness centre.

    Hilton Garden Inn in Kano

    Marking Kano’s first internationally branded hotel, Hilton Garden Inn in Kano is being developed in partnership with Akhim Plus Limited. The hotel will offer 100 guest rooms, flexible meeting rooms, an outdoor pool, and a fitness centre. Expected to open in 2029, the hotel’s location near key sites including the Government House, Emir’s Palace, National Museum, Kano Race Course, Kano Golf Club, and Meena Event Centre makes it an ideal choice for business and leisure travellers alike.

    West Africa and East Africa

    Hampton by Hilton Accra Airport

    Hilton has signed Hampton by Hilton Accra Airport with Amani International Hospitality Limited – bringing Hampton by Hilton’s award-winning hospitality to Ghana’s Kotoka International Airport. Opening in 2026, Hampton by Hilton Accra Airport will include 170 guest rooms, a fully equipped fitness centre, an outdoor pool, and meeting spaces. The hotel will also offer a dynamic open-concept social space and a round-the-clock snacks shop. It will be a part of Airport Area Accra, a mixed-use development featuring malls and corporate offices.

    In Ethiopia, Hilton recently announced agreements with Brighton Hotels and Business Plc. to open two properties – DoubleTree by Hilton Adama and DoubleTree by Hilton Dire Dawa (http://apo-opa.co/4lbtHv2) – marking the first internationally branded hotels in the cities. Opening in 2028, these hotels further reaffirm Hilton’s commitment to expanding its presence in Ethiopia, with plans to reach eight trading properties across the country in the coming years.

    Hilton has also announced its Tanzanian re-entry with the signing of Canopy by Hilton Zanzibar The Burj (http://apo-opa.co/3ST8aeB), in partnership with CPS Live Limited. Expected to open in 2027, the lifestyle hotel will feature 162 inviting and sophisticated guest rooms and suites, elevated dining spaces, and a wide array of facilities. Located in the heart of Fumba Town and part of a mixed-use development, ‘BURJ Zanzibar,’ the property will offer unique experiences tailored to guests seeking authentic local experiences.

    North Africa

    Hilton continues to grow across North Africa, with plans to triple its portfolio in Egypt (http://apo-opa.co/4l58VNw) to more than 40 trading hotels across the country in the coming years. In Morocco, Hilton is set to more than double its portfolio (http://apo-opa.co/3G2a75u), with plans to bolster its luxury presence and introduce new brands. Hilton also recently signed a new DoubleTree by Hilton property in Fes, an ancient city whose medina is a UNESCO World Heritage Site.

    DoubleTree by Hilton Fes Golf

    In partnership with Le Clos de l’Atlas, Hilton is set to open DoubleTree by Hilton Fes Golf in 2028. The 109-guest room property will be located next to a golf course and will offer easy access to Fes’s many cultural attractions. The hotel will also be in close proximity to Fes’s industrial quarter and an upcoming convention centre, making it ideal for business travellers as well.

    Recent & Upcoming Openings

    In South Africa, Hilton recently opened Canopy by Hilton Cape Town Longkloof (http://apo-opa.co/4l4zrXe) in partnership with Growthpoint Properties, marking the lifestyle brand’s debut in South Africa. Located in the vibrant Longkloof precinct, the hotel features 154 spacious and modern guest rooms. Each hotel room reflects the country’s cultural richness through bold local art and design and colourful prints throughout its interiors. Ideally situated in Cape Town’s City Bowl, the property offers easy access to Table Mountain, Camps Bay, and the V&A Waterfront. Guests can also enjoy the hotel’s signature restaurant, Ongetem, led by renowned chef Bertus Basson, celebrating South African culinary heritage with bold, contemporary flair.

    Hilton also recently opened DoubleTree by Hilton Addis Ababa Airport (http://apo-opa.co/44lFtgD) in Ethiopia. Located just minutes from Bole Addis Ababa International Airport, the property offers a complimentary airport shuttle, a rooftop restaurant, and proximity to the various events at Millenium Hall. Last year, Hilton opened the first Hampton by Hilton in Africa in South Africa with Hampton by Hilton Sandton Grayston (http://apo-opa.co/4lfuafR), bringing the brand’s friendly and authentic service to Johannesburg’s financial and shopping district.

    Later this year, Hilton expects to open its first hotel in Ghana with Hilton Accra Cantonments in partnership with High Street Development Company. Located in Cantonments, an upscale suburb which is home to multiple embassies and high commissions, the hotel will feature 145 guest rooms and a range of dining options including an all-day dining restaurant, a lobby lounge and pool bar. The hotel will offer a gym, spa, and outdoor swimming pool, as well as more than 900 square metres of event space including a ballroom, seven meeting rooms and an executive boardroom.

    Hilton currently operates 63 hotels in Africa, with more than 100 under development. All hotels will be part of Hilton Honors, Hilton’s award-winning loyalty programme with over 218 million members globally. 

    Distributed by APO Group on behalf of The Bench.

    Contact:
    Maya Chacko
    Hilton
    maya.chacko@hilton.com

    Connect with Hilton on: 
    Facebook: http://apo-opa.co/4lhOgGl
    X: http://apo-opa.co/40b5fSe
    LinkedIn: http://apo-opa.co/4lbh2Ij
    Instagram: http://apo-opa.co/40bQpeh  
    YouTube: http://apo-opa.co/3Ti1Uxf

    About Hilton:
    Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio (http://apo-opa.co/3G4U0nJ) of 24 world-class brands comprising more than 8,600 properties and nearly 1.3 million rooms, in 139 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history, was named the No. 1 World’s Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the more than 218 million Hilton Honors (http://apo-opa.co/3Ti1Q0t) members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy. With the free Hilton Honors app (http://apo-opa.co/4lf8yjz), guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit http://stories.Hilton.com for more information.

    MIL OSI Africa –

    June 18, 2025

  • MIL-OSI Africa: The Copper Scramble: African Mining Week to Examine Merger & Acquisition (M&A) Deals


    Download logo

    The upcoming African Mining Week (AMW) conference (http://apo-opa.co/3I0IzOl) – scheduled for October 1–3, 2025, in Cape Town – will spotlight how Merger & Acquisition (M&A) deals are propelling the continent’s copper industry forward. A power chat will take place, titled The Copper Scramble: How Mergers are Reshaping the Global Supply Chain. The session is expected to unpack the impact M&A deals have had and will continue to play on Africa’s copper industry, highlighting recent deals and investment opportunities across the market.

    Driven by the global energy transition and the demands of the Fourth Industrial Revolution, African countries are leveraging the surge in copper demand to boost investments across the value chain. Strengthened policies, underexplored mining acreage and emerging investment opportunities have enticed a string of M&A activity, particularly across major copper producers in Africa. The AMW 2025 session on copper will explore how recent mergers are driving production across select markets.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    Striving to produce three million tons of copper per annum by 2031, Zambia – the continent’s second-largest copper producer – has witnessed several impactful M&A deals recently. These include the $1.1 billion acquisition of the Mopani Mine in 2024 made by UAE-based International Resource Holdings (http://apo-opa.co/4jZBWJN), set to increase copper production to 300,000 tons within three years, and China’s JCHX Mining Management (http://apo-opa.co/3Ttgthj) acquisition of the Lubambe Mine, which will see $300 million injected to increase production. U.S.-based startup KoBold Metals has also committed over $2 billion following its acquisition of the Dumbwa and Konkola West projects, further accelerating Zambia’s copper output ambitions. Other international players, including Mercuria and Patriot Lithium, have also entered the Zambian market via M&A deals, aiming to tap into the mineral-rich Central African Copperbelt.

     In Botswana, recent M&A deals aim to unlock the potential of the Kalahari Copper Belt, which stretches into Namibia. Mining firm BHP secured stakes in Cobre Limited in March 2025, gaining access to Tier 1 copper assets in Botswana. The company plans to invest $25 million in exploration, including seismic surveys and deep diamond drilling, to assess resource potential. Additionally, China’s MMG Limited (http://apo-opa.co/4jYVNIZ) has announced a $700 million investment to double output at the Khoemacau Mine after acquiring it from Canada’s Cuprous Capital in 2024.

    As Africa continues to attract global investment and deepen strategic partnerships, AMW 2025 will serve as a vital platform to connect international investors with high-value M&A opportunities, reinforcing Africa’s position as a critical player in the global copper supply chain.

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa –

    June 18, 2025

  • MIL-OSI Africa: Marriott International announces plans to add more than 50 properties and over 9,000 rooms to its Africa portfolio by the end of 2027

    From the Future Hospitality Summit Africa in Cape Town, South Africa, Marriott International, Inc. (Nasdaq: MAR) today announced plans to expand its operations in Africa with the anticipated addition of over 50 properties and more than 9,000 rooms by the end of 2027.  The company’s growth strategy includes the expected entry into five markets – Cape Verde, Cote d’Ivoire, The Democratic Republic of Congo, Madagascar and Mauritania. The planned expansion aims to further strengthen the company’s footprint across the continent where its current operating portfolio encompasses nearly 150 properties and 26,000 rooms across 20 countries and 22 brands.

    “We are witnessing a transformation of Africa’s tourism sector driven by visionary government agendas, substantial infrastructure development, enhanced regional and international connectivity and diversified travel experiences, all of which are laying the foundation for a thriving hospitality sector,” said Jerome Briet, Chief Development Officer, Europe, Middle East & Africa, Marriott International. “With our renowned portfolio of brands, world-class distribution platform and award-winning travel programme, Marriott Bonvoy, we continue to drive robust expansion opportunities with owners and franchisees across Africa and remain committed to supporting the growth of its tourism sector.”

    Marriott’s planned expansion aims to enhance the strategic development of the company’s luxury, premium and select-service portfolio across key and emerging destinations in Africa. The company’s growth across the continent is expected to be largely driven by its select-service brands, including Protea Hotels by Marriott and Four Points by Sheraton, and a strong consumer demand for distinctive, high-quality hospitality experiences. Tanzania, Egypt, Morocco, Kenya and Nigeria are the highest growth markets for the company in the continent, making up more than half of the projects slated to open in the next two years. Conversions and adaptive reuse opportunities are also anticipated to continue to drive meaningful growth for the company, representing more than 30 percent of the anticipated African additions by the end of 2027.  The company is also seeing an increased appetite for branded residential projects across the continent.

    Karim Cheltout, Senior Vice President – Development, Middle East & Africa, Marriott International added, “Africa is home to emerging marketplaces that offer significant growth opportunities across major gateway cities, commercial centres, safari circuits and resort destinations. Through our diverse range of extraordinary brands, we are in a position to work with developers to offer high quality accommodations along with distinct and innovative travel experiences that resonate with today’s rapidly evolving consumer.”

    North and East Africa Fuel Expansion Plans for the Continent

    Marriott is witnessing strong growth momentum in the North and East Africa regions, which together account for more than 60 percent of the company’s planned additions in Africa by the end of 2027.  Egypt and Morocco are expected to lead the expansion for Marriott in North Africa. Plans in Egypt include the anticipated debut of Aloft Hotels in the continent, with the opening of Aloft Ghazala Bay situated in the North Coast of the country expected in 2027.  More than 50 percent of the company’s expected additions in Egypt by the end of 2027 are conversion or adaptive reuse projects. Expansion highlights for Morocco include the anticipated market debut of AC Hotels by Marriott with a scheduled opening in Casablanca in 2027.

    In East Africa, the company continues to see growth momentum with safari lodges and camps spurred by a growing appeal for adventure and outdoor travel. Following the successful opening of JW Marriott Masai Mara Lodge in 2023, the company is slated to open six safari properties across the region by the end of 2027, including The Ritz-Carlton, Masai Mara Safari Camp (Kenya), and Mapito Safari Camp, Serengeti, Autograph Collection (Tanzania) – both of which are scheduled to open this year.

    Marriott’s portfolio in Tanzania is anticipated to more than double by the end of 2027 while in Kenya the company plans to open five properties including the debut of Courtyard by Marriott with two expected openings in Nairobi in 2027. Growth plans in Uganda include the country’s first Marriott Hotel and Marriott Executive Apartments with scheduled openings in Kampala by the end of this year.

    Demand for Premium and Select Accommodation Remains Strong in West Africa

    By the end of 2027, the company expects to add six properties in Nigeria, its largest growth market in the West Africa region. Plans include the introduction of Courtyard by Marriott in the country with anticipated openings in Abuja within the next two years, and the continued expansion of Protea Hotels by Marriott and Marriott Hotels.

    Marriott is also slated to enter three new markets in West Africa in the next two years. Four Points by Sheraton Sao Vicente Resort is anticipated to open this year, marking the company’s debut in Cape Verde. Marriott is also expected to enter Côte d’Ivoire in 2027, with an Autograph Collection Hotel located in Assinie-Mafia, and Mauritania with a Sheraton Hotel situated in Nouakchott, which is expected to open later this year.

    Growth across Southern and Central Africa Remains Steady

    The company’s largest market in Africa, South Africa, is expected to see an expansion of the Autograph Collection Hotels brand portfolio with the opening of Morea House in Cape Town this year, followed by the anticipated addition of a property within Kruger National Park in 2026.  Marriott also plans to enter The Democratic Republic of Congo by the end of this year with a Protea Hotel by Marriott and Four Points by Sheraton in Kinshasa. The company is also expected to make its debut in Madagascar with the opening of a Delta Hotels by Marriott this year and a Protea Hotel by Marriott anticipated in 2026 in Antananarivo. The company’s planned expansion also includes the anticipated debut of Le Méridien in Cameroon in 2027.

    Distributed by APO Group on behalf of The Bench.

    Note on Forward-Looking Statements:
    This press release contains “forward-looking statements” within the meaning of United States federal securities laws, including statements related to expected property openings, additions and portfolio growth; entry into new markets and brand debuts in certain markets; our expectations regarding growth opportunities; demand trends and expectations, including demand for certain offering types; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date of this press release and undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise.

    Media contacts:
    Chandan Belani
    Senior Director of Communications
    MEA & Development PR, EMEA
    Marriott International
    Chanan.Belani@marriott.com

    Birgit Deibele
    Senior Director of Communications
    Sub-Saharan Africa
    Marriott International
    Birgit.Deibele@marriott.com

    Connect with us on:
    Facebook: (https://apo-opa.co/4n4mOxc)
    X: (https://apo-opa.co/4ebSpcr)
    Instagram: (https://apo-opa.co/43O8p0J)

    About Marriott International:
    Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,500 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.Marriott.com, and for the latest company news, visit www.MarriottNewsCenter.com. 

    Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.Marriott.com/investor or Marriott’s news center website at www.MarriottNewsCenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.

    MIL OSI Africa –

    June 18, 2025
←Previous Page
1 … 448 449 450 451 452 … 2,041
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress