​Saudi Fund for Development Announces Progress on Pristina–Mitrovica Highway Project in Kosovo

SFD CEO and Kosovar's minsters sideline meeting (Photo: AETOSWire)

PRISTINA, Kosovo, Oct 14 (Bernama--BUSINESS WIRE) -- The Saudi Fund for Development (SFD) today joined the Government of Kosovo to inaugurate the Pristina–Mitrovica Highway, marking SFD’s first completed project in Kosovo and an important milestone in the partnership between both sides.

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His Excellency Sultan bin Abdulrahman Al-Marshad, Chief Executive Officer of the Saudi Fund for Development, inaugurated the upgraded highway section by cutting the ribbon at the newly completed road. He subsequently held a sideline meetings with His Excellency Hekuran Murati, Minister of Finance, His Excellency Dimal Basha Minister of Infrastructure and Transport, and His Excellency Arben Vitia, Minister of Health, to discuss the development projects and the continued SFD- Kosovo partnership.

The project upgrades a 9.87 km section of the Prishtina–Mitrovica Highway, strengthening the connection between Prishtina, Kosovo's capital, and Mitrovica, and improving links with northern Kosovo and surrounding municipalities. It is expected to benefit approximately 600,000 inhabitants, particularly residents of Prishtina, Mitrovica and Vushtrri.

By improving regional connectivity, the project will reduce travel times and enhance road safety, providing a faster, safer and more efficient route for passengers and commercial traffic.

Beyond the infrastructure itself, the project will support people and communities along the corridor. Improved connectivity will facilitate the movement of people and goods, strengthen access to employment and essential services, and contribute to economic activity along this important transport corridor.

SFD supported the project through a USD 16 million concessional loan, co-financed with the OPEC Fund for International Development, demonstrating how international cooperation and strong partnerships can advance sustainable development and delivering long-term impact.

His Excellency Sultan bin Abdulrahman Al-Marshad, Chief Executive Officer of the Saudi Fund for Development, said: “The Prishtina–Mitrovica Highway represents an important milestone in SFD's partnership with Kosovo. Through our USD 16 million concessional loan, we are supporting improved regional connectivity and safer, more efficient journeys for approximately 600,000 inhabitants. The project will strengthen access to employment and essential services, facilitate the movement of people and goods, and support economic and social development. It demonstrates the value of our partnership with the Government of Kosovo in advancing sustainable development and delivering lasting benefits for communities.”

His Excellency Hekuran Murati, Minister of Finance, said: “The Pristina–Mitrovica Highway is an important project for our people and communities. It will make journeys safer, strengthen connectivity and support better access to jobs, education, healthcare and markets. We value the partnership with the Saudi Fund for Development and the OPEC Fund for International Development in helping us deliver this important project.”

For more than five decades, SFD has worked with global partners to support sustainable development and long-term economic and social progress. The Highway project reflects SFD's continued partnership with Kosovo and a shared commitment to improving connectivity and delivering meaningful, lasting benefits for people and communities.

*Source: AETOSWire

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Contact

Nawaf Alojrush | Director of Media Relations | Saudi Fund for Development | alojrush@sfd.gov.sa | Tel: +966112714148 

Source : Saudi Fund for Development

--BERNAMA 

MONGOLIAN MINING’S Q3 COKING COAL SALES FALL 26 PCT

KUALA LUMPUR, Oct 16 (Bernama) -- Mongolian Mining Corporation’s washed coking coal sales fell 26 per cent quarter-on-quarter to about 1,996.9 kilotonnes (kt) in the third quarter (Q3) ended Sept 30, even as coking coal prices in China rebounded strongly on tighter domestic supply.

Sales were also down 13 per cent from 2,303.2 kt a year earlier, according to the company’s unaudited operational update.

The number of coal trucks crossing the Ganqimaodu border point into China fell to an average of 897 per operating day during the quarter. This was 34 per cent and 29 per cent lower than the averages of 1,366 and 1,270 trucks in the second and first quarters, respectively.

However, the year-to-date average of 1,177 trucks per operating day was 15 per cent higher than the 2025 full-year average of 1,023, the company said in a statement.

Combined output from its Ukhaa Khudag and Baruun Naran mines showed raw coal mined rising eight per cent quarter-on-quarter and 33 per cent year-on-year to 4,791.2 kt.

Coking coal processed fell six per cent from the previous quarter to 4,253.2 kt but rose 13 per cent year-on-year, while washed coking coal production dropped 11 per cent quarter-on-quarter to 2,503.1 kt, up 19 per cent from a year earlier.

At its Bayan Khundii gold mine, ore mined rose 68 per cent quarter-on-quarter to 414.9 kt, ore processed increased seven per cent to 164.5 kt and gold sales edged up one per cent to 11,853 ounces (oz).

The company’s average realised gold price fell four per cent quarter-on-quarter to US$4,315 an ounce, but was 13 per cent higher than US$3,805 a year earlier. (US$1 = RM4.08)

Mongolian Mining Corporation sells its coking coal through auctions on the Mongolian Stock Exchange.

-- BERNAMA

GTCFX Appoints Abdulrahman Ahmed Al Ali as General Manager, Strengthening Leadership with Extensive Regulatory Expertise

 

DUBAI, United Arab Emirates, Oct 16 (Bernama-GLOBE NEWSWIRE) -- GTCFX is pleased to announce the appointment of Abdulrahman Ahmed Al Ali as General Manager, marking a significant step in the company's continued commitment to strengthening its leadership, enhancing operational excellence, and advancing sustainable growth.

With more than 12 years of experience in the UAE's financial services and capital markets sector, Abdulrahman brings extensive expertise in financial regulation, corporate governance, and regulatory compliance. His appointment reinforces GTCFX's focus on experienced leadership, professional standards, and long-term strategic development.

Extensive Experience in Financial Markets

Prior to joining GTCFX, Abdulrahman served as a Legal Specialist within the Enforcement Department of the UAE's Securities and Commodities Authority (SCA), now the Capital Market Authority (CMA), from March 2014 to August 2026.

Throughout his career, he developed a comprehensive understanding of the UAE's financial regulatory framework, corporate governance practices, and compliance standards. His professional background includes experience in regulatory matters and engagement with relevant judicial and regulatory authorities, providing valuable insight into the principles and practices that support well-governed financial markets.

Abdulrahman holds a Bachelor of Laws (LL.B.) from the University of Sharjah and completed the Future Financial Leadership Program at the Securities and Commodities Authority. His combination of legal expertise, regulatory experience, and professional development provides a strong foundation for his new leadership role at GTCFX.

Advancing GTCFX's Strategic Vision

Abdulrahman's appointment comes as GTCFX continues to strengthen its organizational capabilities and pursue its long-term business objectives.

His knowledge of the UAE's financial regulatory landscape will contribute valuable perspectives to the company's management, supporting its commitment to transparency, sound governance, and responsible business practices.

As General Manager, Abdulrahman will apply his professional experience and leadership perspective to support operational efficiency, organizational development, and the continued enhancement of internal management standards.

His appointment also supports GTCFX's broader commitment to service excellence, stronger client relationships, and improved investor satisfaction through a professional and client-focused approach.

By combining experienced leadership with a forward-looking business strategy, GTCFX aims to further strengthen its organizational foundations and create lasting value for clients, partners, and stakeholders.

Leadership Built on Experience and Integrity

Effective leadership is essential to the long-term success of financial institutions. As the industry continues to evolve, regulatory knowledge, sound judgment, and strong corporate governance remain important foundations for sustainable development.

Abdulrahman brings a valuable combination of regulatory expertise, legal knowledge, and industry experience to GTCFX. His appointment reflects the company's commitment to building a capable, professional, and forward-looking leadership team.

GTCFX warmly welcomes Abdulrahman Ahmed Al Ali as General Manager and looks forward to his contributions as the company continues to strengthen its capabilities, advance its strategic priorities, and pursue its next chapter of growth and excellence.

Media Contact

Email: support@gtcfx.com
Website: http://gtcfx.com/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b1c02b52-e8da-43ec-af23-861977ded271 

SOURCE: GTC Global Trade Capital Co. Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

​Kioxia Introduces Direct Liquid Cooling Support for Enterprise SSDs

                                                                                                  

KIOXIA CM9-DLC Series Enterprise SSD

KIOXIA CM9 Series Supports Cold-Plate Cooling Option in E3.S Form Factor for AI and Other High-Performance Environments

TOKYO, Oct 13 (Bernama-BUSINESS WIRE) -- Kioxia Corporation today announced the addition of direct liquid cooling (DLC) models to its KIOXIA CM9 Series enterprise SSD lineup to support cold-plate-enabled server designs. The new E3.S DLC models also support traditional air-cooled environments. KIOXIA CM9 Series drives are currently sampling to select customers*1 and will be showcased at the 2026 OCP Global Summit, taking place October 12 – 15 in San Jose, California. 

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As AI and other high-performance enterprise environments continue to advance, direct liquid cooling is becoming increasingly important to address growing computing power demands and associated cooling requirements. In order to fulfill the growing compute demands, increased power requirements are driving the need for innovative heat dissipation solutions. DLC infrastructure can offer significant energy savings while enabling more servers to be cooled per rack than air cooling.

Ideal for SSD Context Caching, the new KIOXIA CM9-DLC models include read-intensive (1 DWPD) and mixed-use (3 DWPD) endurance options.

Key features of the KIOXIA CM9-DLC Series SSD include:

• PCIe® 5.0, NVMe™ 2.0, NVMe-MI™ 1.2c specification compliant
• Support for Open Compute Project (OCP) Datacenter NVMe™ SSD v2.5 specification
• Dual-port support in the E3.S SSD form factor
• Capacities up to 30.72 TB read-intensive (1 DWPD) and 25.6 TB mixed-use (3 DWPD) endurances
• Sequential performance (128 kibibytes (KiB)/QD32) of up to 14.8 GB/s read and 11 GB/s write
• Random performance (4 KiB) of up to 3,400 KIOPS (QD512) and 800 KIOPS (QD32)

Related Link:
Follow the link below for more on the new KIOXIA CM9-DLC Series SSDs
https://www.kioxia.com/en-jp/business/ssd/enterprise-ssd.html#cm9-series 

Notes:

*1 These samples are for the functional check purpose only and the specifications of the samples may differ in mass production. 

*Read and write speed may vary depending on various factors such as host devices, software (drivers, OS etc.), and read/write conditions.
*Definition of capacity: Kioxia Corporation defines a gigabyte (GB) as 1,000,000,000 bytes and a terabyte (TB) as 1,000,000,000,000 bytes. A computer operating system, however, reports storage capacity using powers of 2 for the definition of 1GB = 2^30 bytes = 1,073,741,824 bytes and 1TB = 2^40 bytes = 1,099,511,627,776 bytes and therefore shows less storage capacity. Available storage capacity (including examples of various media files) will vary based on file size, formatting, settings, software and operating system, and/or pre-installed software applications, or media content. Actual formatted capacity may vary.
* A kibibyte (KiB) means 2^10, or 1,024 bytes.
*DWPD: Drive Writes Per Day. One full drive write per day means the drive can be written and re-written to full capacity once a day every day under the specified workload for the specified lifetime. Actual results may vary due to system configuration, usage and other factors.
*NVMe and NVMe-MI are registered or unregistered trademarks of NVM Express, Inc. in the United States and other countries.
* OCP and OPEN COMPUTE PROJECT marks are owned by and used with the permission of the Open Compute Project Foundation.
*PCIe is registered trademark of PCI-SIG.
*Other company names, product names and service names may be trademarks of third-party companies. 

About Kioxia

Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with “memory” by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, automotive systems, data centers and generative AI systems.

*Information in this document, including product prices and specifications, content of services and contact information, is correct on the date of the announcement but is subject to change without prior notice.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20261012656873/en/ 

Contact 

Media Inquiries:
Kioxia Corporation
Promotion Management Division
Satoshi Shindo
Tel: +81-3-6478-2404 

Source : Kioxia Corporation 

--BERNAMA 

CHERY’S LEPAS TO UNVEIL CONCEPT CAR, DESIGN LANGUAGE

KUALA LUMPUR, Oct 15 (Bernama) -- Chery Auto’s premium new energy vehicle (NEV) brand LEPAS will hold the world premiere of its LEPAS Concept Car and unveil the Next-Generation Leopard Aesthetics design language at its first Global Elegant Lifestyle Week.

The event, themed “TOGETHER IN ELEGANCE”, runs from Oct 18 to 24 during the 2026 Chery International User Summit, bringing together the brand’s first vehicle owners worldwide, partners and industry media, according to a statement.

It comes as LEPAS’s NEVs reach their first owners in global markets this year. The company said the programme will centre on driving, technology, design and lifestyle.

According to LEPAS, the new design language explores sculpted lines and light, as well as future interactions between people and vehicles. User feedback from around the world continues to shape its design approach.

The LEPAS L6 EV will also set off on the brand’s first Global Journey of Elegant Driving, a route covering city streets, intercity highways and winding mountain roads. Media and user representatives will assess the car’s handling, comfort, range and intelligent technologies along the way.

Participants will be able to test drive the LEPAS L4, L6 and L8 models in real-world conditions. The test drives include demonstrations of Automated Parking Assist (APA), Remote Parking Assist (RPA) and Super Intelligent Valet Parking (SIVP), with SIVP available only on the L8.

LEPAS aims to integrate such technology into everyday driving so that advanced features feel effortless to use, rather than drawing attention to the technology itself.

The event will also include a Global Elegance Promenade, where owners will share cultural stories and interactive experiences from their home cities. Participants will be named “Global Elegant Lifestyle Partners” of the brand.

LEPAS said further details of the event would be announced later.

-- BERNAMA

VANTIVA UNVEILS 50G PON DEVICE FOR ULTRA-HIGH-SPEED FIBRE NETWORKS

 

KUALA LUMPUR, Oct 13 (Bernama) -- Vantiva, a global technology leader in connected home solutions, has unveiled a 50-gigabit passive optical network (50G PON) optical network terminal (ONT) designed to support higher-capacity fibre broadband networks and future data demands.

The FXA701Z device complies with the ITU-T G.9804 standard and supports symmetrical upstream and downstream transmission, enabling equal data transmission speeds in both directions.

It also features an XGS-PON port, allowing telecommunications operators to deploy the device on existing 10G networks before upgrading customers to 50G services without replacing the terminal, according to the company in a statement.

Vantiva Senior Director of Product Management, Barry Weber said growing data traffic from video calls, cloud backups and AI applications was increasing demand for upstream network capacity.

Meanwhile, its Chief Product and Engineering Officer Ashwani Saigal said the device would extend the company's fibre broadband product portfolio as operators prepare for the next generation of network capacity.

Vantiva said the device is designed to support bandwidth-intensive applications, including 8K video streaming, augmented and virtual reality (AR/VR), distributed artificial intelligence (AI) workloads and mobile backhaul for base stations.

The FXA701Z includes operations, administration and maintenance interface support through the optical network terminal management and control interface (OMCI), enabling operators to manage and diagnose the device using standard tools already deployed across their passive optical network infrastructure.

The device has a compact design for tabletop or wall-mounted installation, while its top and bottom covers use post-consumer recycled acrylonitrile butadiene styrene (PCR ABS) plastic.

Vantiva is showcasing the FXA701Z at Network X in Vienna, Austria, from Oct 13 to 15.

-- BERNAMA

DIC Expands Low-Solvent ECOVART Ink Rollout to Asia

KUALA LUMPUR, Oct 12 (Bernama) -- DIC Corporation will begin the global rollout of its ECOVART gravure ink, which requires significantly less solvent than conventional gravure inks, focusing on Japan, the People’s Republic of China (PRC) and Southeast Asia.

In a statement, DIC said the low-solvent ink reduces the volume of naphtha-derived solvents used by packaging materials printing companies, helping mitigate procurement risks while improving printing productivity and lowering volatile organic compound (VOC) emissions.

Packaging materials printing companies face growing pressure to reduce VOC emissions and environmental impact while securing stable supplies of raw materials and managing solvent procurement costs.

ECOVART will be showcased at DIC’s booth at the Tokyo International Packaging Exhibition 2026 (TOKYO PACK 2026). Following its introduction in Japan, the company plans to expand sales in the PRC, where solvent-use restrictions are stringent, and Southeast Asia, which is expected to see continued market growth.

Launched in India in 2022, ECOVART has recorded steady sales growth. DIC plans to draw on its experience in the Indian market to support the global rollout, beginning with Japan and targeting the PRC and Southeast Asia.

Supplied as a press-ready ink, ECOVART is preadjusted to the appropriate viscosity for printing, reducing the need for solvent dilution and viscosity adjustments required with conventional gravure inks. This shortens processing time, eases operator workloads and reduces solvent purchases, while simplifying inventory management and limiting exposure to price fluctuations.

DIC testing has confirmed that ECOVART can reduce solvent use by at least 50 per cent. The ink helps customers meet environmental targets and is suitable for solvent recovery, potentially further reducing the environmental impact of printing processes.

ECOVART also has a higher colour density than conventional gravure inks, allowing printers to achieve the required density with less ink while maintaining print quality.

Looking ahead, DIC said it would continue expanding sales globally to reduce solvent use and VOC emissions, improve productivity and support a more sustainable packaging printing industry and circular economy.

-- BERNAMA