Day: March 1, 2023

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Minterest Launches Exclusive Early Access for NFT Holders Ahead of Public Launch

The Minterest protocol is now fully live for early supporters and Minterest NFT holders, granting exclusive access to the full suite of Minterest tools ahead of public launch.

TALLINN, ESTONIA / ACCESSWIRE / March 1, 2023 / Minterest Labs announces the final stage of launch of the Minterest protocol, a revolutionary crypto lending platform built on the concept of real yield.

Minterest Dashboard – the most user friendly experience in DeFi
With a complete DeFi dashboard, Minterest users have an aesthetically unique and fully functioning area to view their asset information and risk exposure.

Launching on Ethereum, Minterest provides cutting-edge DeFi borrowing and lending services. Backed by four completed security audits and a world-class team of digital asset professionals, Minterest is now live!

During the Private Launch phase, access is limited for 4-6 weeks to Minterest NFT holders whose liquidity provision will benefit from early access, with a restricted user pool resulting in a greater share of protocol rewards.

For users seeking access who do not have an NFT, the collection has been registered on Open Sea to enable holders to trade.

What is Minterest?

“Minterest is a lending protocol able to capture 100% of its fees from its functions, which it then uses to buy back its own token and reward users who participate in its governance.” – Josh Rogers, founder and CEO of Minterest.

Minterest pushes new boundaries in DeFi lending protocols. It generates underlying value in its token economy far beyond the capability of any other, while rewarding its users who participate in governance. The fully-sustainable token model gets delivered through groundbreaking innovations like the first-of-its-kind on-chain liquidation engine coupled with its unique buyback mechanisms.

The result is a DeFi revolution – the highest long-term total APYs combined with the lowest possible borrow cost.

With Minterest, Yield Gets Real.

To learn more about the project, visit the Minterest website, login to the app, or check out the official social media channels below:

Join the growing Minterest Discord and Telegram communities for daily updates:

https://discord.gg/minterest

https://t.me/MinterestFinanceChat

https://www.linkedin.com/company/minterest

Contact Information

Veiko Krünberg
CMO
veiko@minterest.com
+3725100337

SOURCE: Minterest

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CARBOTRACE, Proppant Conveyed Inflow Production Tracers Are Being Launched Globally

CARBO Ceramics Inc. partners with GEOSPLIT Middle East FZE

HOUSTON, TX / ACCESSWIRE / March 1, 2023 / CARBO and GEOSPLIT announced today that the companies have entered into a strategic partnership that will enable energy operators to improve their reservoir performance by optimizing drilling & completions designs through understanding the production inflow profiling. The use of the technology reduces the overall cost of the well’s ownership, improves the carbon footprint for the well’s lifecycle, and boosts the decision-making of the E&Ps for their offset wells.

CARBOTRACE
CARBOTRACE

The agreement combines CARBO’s manufacturing, sales, and marketing expertise with the inflow production profiling capabilities of GEOSPLIT. CARBO is the market leader in proppant and proppant-delivered technologies, and GEOSPLIT is a developer of a proven long-term dynamic zonal inflow tracer technology evaluation service.

“CARBO’s portfolio of proppant delivered technologies continues to expand and provide customers with added value, enabling the most efficient completion and production strategies. CARBO has proven once more to be a technology leader in the space by creating an alliance with this Middle Eastern start-up for further geographical expansion,” said Max Nikolaev, Senior Vice President

Customers of CARBO will now be able to understand their reservoir performance through production monitoring better, marker/tracer monitoring of production inflow profiles, reservoir management, and digital oilfield services based on dynamic zonal inflow production profiling.

“Tracer-embedded coating for propping materials is one of the key solutions in our technological portfolio. Strategic partnership with Carbo Ceramics is a high recognition of technology capabilities and will allow the technology to reach out to more operators worldwide,” said Anna Belova, VP Global Business Development for GEOSPLIT.

About CARBO Ceramics Inc

CARBO® is a global technology company that provides products and services to several markets, including oil and gas, industrial, agricultural, and environmental markets, to enhance client value.

CARBO Energy – is a leading provider of market-leading technologies to create engineered production enhancements solutions that help E&P operators to design, build and optimize the frac – increasing well production and estimated ultimate recovery and lower finding and development cost per barrel of oil equivalent.

For more information, please visit www.carboceramics.com or contact Joshua Leasure, Director Technology Sales Joshua.Leasure@carboceramics.com

About GEOSPLIT

GeoSplit Middle East FZE is an international digital oilfield service company offering a tracer-based production profile surveillance technology for oil and gas wells. The GeoSplit technology portfolio provides a stream of data on the oil and gas well production pattern for years without well intervention. The data becomes a decision-making support tool and gives recommendations on addressing specific objectives of field operators and customers in such segments as hydrocarbon development, production, reservoir management, and optimization.

For more information, please visit www.geosplit.org or contact Anna Belova, VP Global Business Development a.belova@geosplit.org

Contact Information

Joshua Leasure
Director Technology Sales, CARBO
joshua.leasure@carboceramics.com
281-921-6490

Anna Belova
VP Global Business Development, GEOSPLIT MIDDLE EAST FZE
a.belova@geosplit.org
+31 611 255342

SOURCE: CARBO

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Henley & Partners: Invest in Namibian Real Estate and Secure Residence Rights

LONDON, March 01, 2023 (GLOBE NEWSWIRE) — The world’s latest investment migration option — and Africa’s second — the Namibia Residence by Investment Program has been launched by Henley & Partners, the global leaders in residence and citizenship planning.

The Namibian government is actively seeking foreign investment to boost the country’s economic growth and diversify the economy. The program provides numerous opportunities for international investors seeking a foothold and growth on the African continent, including tax incentives, financing, and a one-stop bureau service for international companies. For a minimum real estate investment of USD 316,000 in the new luxury golf and eco-friendly President’s Links Estate in Walvis Bay, successful investors will receive a five-year, renewable work permit which gives them the right to live, do business, and study in Namibia.

Group Head of Private Clients at Henley & Partners, Dominic Volek, says, “We are delighted to announce this innovative new residence by investment offering in Africa. Namibia’s stunning landscape, attractive tax system, and business-friendly environment make it an ideal option for international entrepreneurs, high-net-worth individuals, or retirees. There are fewer than 600 real estate units available in this exclusive coastal estate that qualifies for residence, so investors need to move quickly if they want to take advantage of this limited opportunity to secure residence rights in one of the most nature- and wildlife rich countries in the world.”

One of Africa’s fastest growing private wealth markets

The total private wealth currently held on the African continent is USD 2.1 trillion and is expected to rise by 38% over the next 10 years, according to the Africa Wealth Report, published by Henley & Partners in partnership with New World Wealth. Namibia is expected to be one of Africa’s fastest growing markets going forward, with high-net-worth individual (those with wealth of USD 1 million or more) growth of over 60% forecast for the next decade (until 2032). According to New World Wealth’s December 2022 statistics, Namibia holds USD 26 billion in total investable wealth. The average wealth of a resident of Namibia (wealth per capita) is USD 10,050, ranking as the third highest in Africa after Mauritius and South Africa. The nation is home to around 2,100 high-net-worth individuals and three centi-millionaires (with wealth of USD 100 million or more).

To attract inward investment, the government has made major improvements to its tax system in recent years. Namibia operates a source-based tax system, which means that foreign residents are generally only taxed on the income they generate in the country. What is more, tax rates are relatively competitive compared with many other emerging markets and particularly with neighboring countries such as South Africa. The top rate of income tax in Namibia is a modest 37%, but perhaps most notably there are no capital gains, estate, gift, inheritance, or net wealth/worth taxes.

Unprecedented interest in domicile diversification

Currently, the President’s Links Estate is the only investment route for the Namibia Residence by Investment Program. Group Head of Real Estate at Henley & Partners, Thomas Scott, says international real estate has always been a reliable asset class for global investors due to its long-term staying power. “Real estate–linked investment migration programs such as the offering in Namibia have the additional advantages of enhancing your global mobility and expanding your personal access rights as a resident or citizen of additional jurisdictions, creating optionality in terms of where you and your family can live, work, study, retire, and invest. The potential gains over the lifetime of this investment include the core value of the asset, rental yields, and global access as an ultimate hedge against both regional and global volatility.”

Volek points out that there has been significant and ongoing growth in the demand for residence and citizenship by investment options over the past few years. “The appeal of investment migration for affluent families is truly universal due to its many benefits, ranging from domicile diversification to global mobility enhancement, to accessing world-class education and healthcare, to having a plan B in times of turmoil. No matter where you were born, or where you currently reside, wealthy investors can futureproof themselves and their families for whatever might lie ahead through investment migration options such as the new Namibia Residence by Investment Program.”

Media Contact

Sarah Nicklin
Group Head of PR
sarah.nicklin@henleyglobal.com
Mobile: +27 72 464 8965

GlobeNewswire Distribution ID 1000795319

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US Donates Weapons and Ammunition to Somalia’s Fight against Terrorism

The United States donated weapons and ammunition to the Somali National Army (SNA) on Tuesday, February 28 with the attendance of U.S. Embassy Mogadishu Chargé d’Affaires Tim Trinkle, Minister of Defense Abdulkadir Mohamed Nur Jama, and Chief of Defense Forces Brigadier General Odowaa Yusuf Rageh.

Sixty-one tons of AK-47s, heavy machine guns, and ammunition arrived off two U.S. Air Force C-17 aircraft at Mogadishu’s Aden Adde International Airport. This military assistance will support the current SNA operations against al-Shabab in Galmadug and Jubaland States and the next intake of the SNA Danab Advanced Infantry Brigrade, for which the recruitment process has already started.

“We are very proud to stand as partners with the Somali National Army and the Somali people in this fight. This ammunition will be provided to the SNA Danab, which is one of the many courageous forces fighting al-Shabaab,” said Chargé d’Affaires Tim Trinkle.

The military donation represents the high priority placed on the U.S. partnership with Somalia. The weapons are marked and registered pursuant to the Federal Government of Somalia’s Weapons and Ammunition Management policy, designed to account for and control weapons within the Somali security forces and weapons captured on the battlefield. Notification to the UN Security Council is conducted by the Federal Government of Somalia in close coordination with the Office of Security Cooperation of U.S. Embassy Mogadishu in accordance with UN Security Council resolutions.

Source: Somali National News Agency

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Somali Officials, Key Partners Issue Joint Statement on State-Building, Security, Humanitarian Priorities

Somali State Minister for Foreign Affairs Ali Omar and the National Security Advisor Husein Moalim Ali, On Tuesday met with Somalia’s key partners Qatar, Turkey, the UAE, the UK, US and they issued a joint statement following their meeting in Washington, D.C.

A Joint Statement was released by Qatar, Somalia, Türkiye, the United Arab Emirates, the United Kingdom, and the United States of America.

They expressed their support for Somalia’s efforts in state-building, security, development, and humanitarian priorities.

They discussed ways to improve Somalia’s fight against al-Shabaab and promote political reconciliation, including finalizing the constitution.

The partners also called for an end to the conflict in and around Las’anod and expressed concern over the ongoing humanitarian crisis caused by drought. They plan to meet again in Doha, Qatar, within the next three months to review progress.

Source: Somali National News Agency

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Somali Police Chief Orders Crackdown on Murderers

Somali Police Chief Brigadier General Sulub Ahmed Firin and his deputy, Osman Abdullahi Mohamed (Kanif), held a meeting with officers from the Banadir region to address the recent surge in violence.

During the meeting, Firin instructed the officers to take swift action against those who commit murder and to maintain control over their forces.

The meeting was convened following a spate of violent incidents in the Banadir region.

Source: Somali National News Agency

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Somali President with a delegation lands in Kismayo city

The President of the Federal Republic of Somalia, H.E Hassan Sheikh Mohamud and a delegation he led have on Wednesday evening landed in Kismayo city, the capital of Jubbaland State.

The President and his delegation were warmly welcomed by the President of the State of Jubbaland, H.E Ahmed Mohamed Islam (Ahmed Madobe), officials from the administration and hundreds of people from that city.

President Mohamud was accompanied by the Minister of Defense, H.E Abdikadir Mohamed Nur, the Commander of the Somali National Army (SNA) and other delegation, and his visit to Jubbaland is to inspect the and accelerate the second phase of the war against the Al-Shabaab terrorist.

Source: Somali National News Agency

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Somali Minister of Environment meets Qatari counterpart

The Minister of Environment and Climate Change of the Fedeal Government of Somalia, H.E Khadija Mohamed Al-Makhzoumi met with her Qatari counterpart Dr. Faleh bin Nasser bin Ahmed bin Ali Al Thani in Doha.

The Ministers discussed ways to enhance cooperation between the two ministries, which will provide new opportunities to put an end to the effects of climate change and reduce the re-occurrence of the issue.

Source: Somali National News Agency