Latest news with #Private
Irish Examiner
10 hours ago
- Business
- Irish Examiner
Home building activity falls by over 4% marking 'hugely disappointing' start to 2025
The volume of production in building and construction rose by almost 5% in the first three months of 2025 when compared with the end of last year. New figures from the Central Statistics Office (CSO) on Friday show that on an annual basis, a 13.5% increase was recorded in the volume of production in building and construction between January and March. However, despite the overall rise, the volume in the residential building sector was down by 4.3% at the beginning of this year when compared with the last three months of 2024. Meanwhile, the volume index for the non-residential building sector rose by 4.4% between the end of last year and the start of 2025. In the same period, the volume index for the civil engineering sector rose by 16.6%. "On an annual basis, between Q1 2024 and Q1 2025, production volume in construction grew by 13.5%," said CSO statistician Shane O'Sullivan. "During the same period, production volume in the non-residential building sector rose by 13.7% and was up by 35.9% in the civil engineering sector, while production volume in residential building showed an annual decrease of 10.6%." The value index for all building and construction between January and May was up by 6.5% on a quarterly basis, while on an annual basis, it was up by 19%. 'While the volume of production in building and construction is up, the 4.3% fall in house building activity is hugely disappointing and a further indication that the government is going to struggle to meet its housing targets this year," said Ian Lawlor, Managing Director of Roundtower Capital Today's CSO findings follow data released earlier this month showing a decline in the number of homes approved for planning permission in the first three months of 2025. "2025, unfortunately, has not got off to a promising start for housing delivery," Mr Lawlor continued. "While the rental reforms recently announced are certainly welcome, the jury is out as to just how effective they will be in stimulating housing supply. "Other obstacles to increased supply that need to be tackled if the Government is to get more private investors on board include prohibitive development levies, VAT burdens, inadequate tax incentives, limited Public Private Partnership options, and insufficient state support for builders."
Business Recorder
19 hours ago
- Business
- Business Recorder
PIACL shares along with management control: Eight potential buyers submit EOIs to PC
ISLAMABAD: The Privatisation Commission (PC) has announced receiving Expressions of Interest (EOIs) from eight potential buyers for Pakistan International Airlines Corporation Limited (PIACL) shares alongwith its management control. The commission had EOIs for divestment of 51 to 100 percent share capital of PIACL together with management control. On Thursday, 19th June 2025 was the last day for submission of Statement of Qualifications (SOQs) in connection with the 2nd attempt for the Divestment of PIACL. The Privatisation Commission received EOIs from the following eight interested parties: (1) Consortium comprising Lucky Cement Limited, Hub Power Holdings Ltd, Kohat Cement Company Ltd and Metro Ventures (Private) Ltd; (2) Consortium comprising Arif Habib Corporation Ltd, Fatima Fertilizer Company Ltd, City Schools (Private) Ltd and Lake City Holdings (Private) Ltd; (3) AKD Group; (4) Air Blue Ltd; (5) Consortium comprising Augment Securities & Investments (Private) Ltd and Serene Air (Private) Ltd (Equitas LLC Capital Group); (6) Habib Rafique Engineering (Pvt) Ltd; (7) Fauji Fertilizer Company Ltd; (8) Sardar Muhammad Ashraf D Baloch (Pvt) Ltd. Out of the eight interested parties the following five interested parties submitted SOQs by the deadline today: (1) Consortium comprising Lucky Cement Ltd, Hub Power Holdings Limited, Kohat Cement Company Limited and Metro Ventures (Private) Ltd; (2) Consortium comprising of Arif Habib Corporation Ltd, Fatima Fertilizer Company Ltd, City Schools (Private) Ltd and Lake City Holdings (Private) Ltd; (3) Fauji Fertilizer Company Ltd; (4) Air Blue; (5) Consortium comprising Augment Securities & Investments (Private) Ltd and Serene Air (Private) Ltd, Bahria Foundation, Mega C&S Holding, Equitas Capital LLC. The SOQs submitted by the parties will be evaluated by the Privatisation Commission against the prequalification criteria and the pre-qualified parties will proceed to the next stage where they will be given access to the virtual data room to undertake buy-side due diligence. Copyright Business Recorder, 2025
Business Wire
2 days ago
- Business
- Business Wire
RCKT INVESTOR NOTICE: Robbins Geller Rudman & Dowd Announces that Rocket Pharmaceuticals, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
SAN DIEGO--(BUSINESS WIRE)--The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) securities between February 27, 2025 and May 26, 2025, inclusive (the 'Class Period'), have until August 11, 2025 to seek appointment as lead plaintiff of the Rocket Pharmaceuticals class action lawsuit. Captioned Ho v. Rocket Pharmaceuticals, Inc., No. 25-cv-10049 (D.N.J.), the Rocket Pharmaceuticals class action lawsuit charges Rocket Pharmaceuticals as well as one of Rocket Pharmaceuticals' top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Rocket Pharmaceuticals class action lawsuit, please provide your information here: CASE ALLEGATIONS: Rocket Pharmaceuticals operates as a late-stage biotechnology company that focuses on developing gene therapies for rare and devastating diseases. The Rocket Pharmaceuticals class action lawsuit alleges that defendants provided investors with material information concerning Rocket Pharmaceuticals' Phase 2 pivotal trial of RP-A501 for the treatment of Danon disease while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of RP-A501's safety and clinical trial protocol; notably, that Rocket Pharmaceuticals knew Serious Adverse Events, including death of participants enrolled in the study, were a risk. In particular, Rocket Pharmaceuticals amended the trial's protocol to introduce a novel immunomodulatory agent to the pretreatment regimen without providing this critical update to shareholders, according to the complaint. The Rocket Pharmaceuticals class action lawsuit further alleges that on May 27, 2025, Rocket Pharmaceuticals announced that the U.S. Food and Drug Administration placed a clinical hold on the RP-A501 Phase 2 pivotal study after at least one patient suffered a Serious Adverse Event, ultimately, death, while enrolled in the study following a substantive amendment to the protocol that Rocket Pharmaceuticals failed to disclose to investors at the time management made the revision. On this news, the price of Rocket Pharmaceuticals stock fell, according to the complaint. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Rocket Pharmaceuticals securities during the Class Period to seek appointment as lead plaintiff in the Rocket Pharmaceuticals class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Rocket Pharmaceuticals class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Rocket Pharmaceuticals class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Rocket Pharmaceuticals class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices.
Daily Tribune
3 days ago
- Business
- Daily Tribune
Huawei leads Bahrain's 5G-AI transformation
TDT | Manama Huawei has deepened its role in shaping the region's digital future by signing a strategic partnership in Bahrain that will spearhead the deployment of next-generation 5G-Advanced and AI-powered technologies. The agreement with stc Bahrain reinforces Huawei's position as a global leader in driving smart connectivity and intelligent infrastructure across the GCC. The partnership, signed on Sunday, aims to transform Bahrain into a regional benchmark for 5G-A and AI integration. Huawei will lead efforts to deliver personalised digital services, smarter private networks and real-time enterprise tools that redefine industry standards. Accelerating digital innovation At the core of the agreement is Huawei's commitment to pushing the boundaries of what next-generation networks can deliver. The collaboration covers joint R&D, product innovation and the deployment of AI-driven Mobile Private Networks across key sectors such as logistics, manufacturing and critical infrastructure. 'This partnership reflects our shared vision for innovation through 5G-Advanced and AI,' said Steven Yi, Huawei Senior Vice President. 'Together, we will deliver transformative technologies that empower industries, enable new services and support Bahrain's national ambitions.' Smart networks and enterprise tools Huawei's technology will drive network optimisation, cloud-edge integration and intelligent automation, enabling faster service delivery and advanced connectivity for businesses. The deployment of AI-powered private networks is expected to bring mission-critical reliability, lower latency and improved efficiency to a wide range of industries. stc Bahrain, acting as a local partner, will contribute market insights and implementation capacity. Its leadership welcomed the opportunity to collaborate with Huawei on building future-ready services for the Kingdom. Investing in Bahrain's future In addition to infrastructure, the agreement prioritises talent development and ecosystem growth. Huawei plans to support local innovation by offering AI training programmes and collaborative research, helping to cultivate a new generation of Bahraini tech professionals. For Huawei, this milestone reaffirms its regional leadership in emerging technologies. For Bahrain, it marks a major leap toward building a resilient, AI-driven digital economy that is ready to lead in the Gulf and beyond.
Broadcast Pro
3 days ago
- Business
- Broadcast Pro
STC Bahrain and Huawei partner to drive AI and 5G-Advanced innovation
The partnership aligns with Huaweis vision of open innovation and stc Bahrains mission to deliver next-generation connectivity. STC Bahrain has entered into a strategic partnership with global technology giant Huawei to jointly develop advanced 5G-Advanced (5G-A) and AI-powered digital services. The collaboration aims to accelerate innovation, expand monetisation opportunities, and support the evolution of Bahrains digital ecosystem in the TechCo era. The agreement establishes a roadmap for joint research and development, market expansion, and the creation of a robust ecosystem for next-generation technologies. It will enable the development of AI-enhanced digital solutions, enterprise 5G Mobile Private Networks (MPNs), and more efficient network operations, offering tailored services across the ICT landscape. Eng. Khalid Al Osaimi, Chief Executive Officer of STC Bahrain, said: 'We are delighted to strengthen our strategic partnership with Huawei, a collaboration that takes forward our commitment to leading the digital transformation of Bahrain. By integrating cutting-edge technologies, our aim will be to create personalized, future-proof digital services that exceed the expectations of our customers in an increasingly connected world.' Steven Yi, President, Huawei Middle East & Africa stated: 'This partnership with stc reflects our shared commitment to driving innovation through 5G-A and AI. Together, we aim to deliver transformative solutions that empower industries and enrich user experiences.' This strategic collaboration will advance next-generation connectivity and AI, driven by pioneering advancements in 5G technology, optimised spectrum utilisation, and enhanced services. A key focus will be on elevating everyday tech experiences through innovative AI-powered solutions. It will empower diverse industries with reliable, fully managed private networks, leveraging the power of cloud and edge computing. Businesses will have access to AI-driven tools that enhance efficiency, while individuals will benefit from comprehensive training programs cultivating expertise in AI and emerging technologies. The collaboration will leverage AI to optimise network performance and ensure faster service delivery. The partnership aligns with Huaweis vision of open innovation and STC Bahrains mission to deliver next-generation connectivity. By combining Huaweis technological expertise with stcs market insights, the partnership will accelerate Bahrains digital transformation and position it as a regional leader in AI and 5G-A adoption.???
