ADDYY INVESTOR NEWS: ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages adidas AG Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – ADDYY, ADDDF

NEW YORK, May 10, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of adidas AG (OTC: ADDYY, ADDDF) between May 3, 2018 and February 21, 2023, both dates inclusive (the “Class Period”), of the important June 27, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

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

WHAT TO DO NEXT: To join the adidas class action, go to https://rosenlegal.com/submit-form/?case_id=12204 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 27, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) in addition to other misconduct, Kanye West (also known as Ye) made anti-Semitic comments in front of adidas staff, and even suggested naming an album after Adolf Hitler; (2) adidas was aware of his behavior, and failed to warn investors that it was aware of that behavior, and had considered ending the Partnership, a business association with adidas and Kanye West, as a result; (3) adidas failed to take meaningful precautionary measures to limit negative financial exposure if the Partnership were to end as a result of Kanye West’s behavior; (4) adidas overstated the risk mitigation measures it took with regard to Yeezy shoes in the event that it terminated the Partnership; and (5) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the adidas class action, go to https://rosenlegal.com/submit-form/?case_id=12204 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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WFP OPERATIONS IN PALESTINE RISK SUSPENSION DUE TO FUNDING SHORTFALL

The United Nations World Food Programme (WFP) announced today that by next month 200,000 people – 60 percent of the people it assists in Palestine – will no longer be receiving assistance due to a severe funding shortage. By August, WFP will be forced to completely suspend operations in the West Bank and Gaza if no funding is received. ‘Desperate times call for desperate measures. We have no option but to stretch the limited resources we have to ensure that the needs of the most vulnerable families are met. They will go hungry without food assistance,’ said Samer Abdeljaber, WFP Representative and Country Director in Palestine. ‘These are difficult choices, but we have already exhausted all options to stretch the funding that we have. We are grateful for the constant support that we received from donors over the years, but needs are growing, and resources are not meeting these needs.’ This month, the funding crunch forced WFP to reduce the value of its cash assistance by around 20 percent, to US$10.3 per person. WFP urgently needs US$51 million to maintain its life-saving food and cash assistance in Palestine until the end of the year. Vulnerable families in Gaza and the West Bank have been pushed to the limits by the combined effects of growing insecurity, a deteriorating economy, and the rising cost of living that is driving food insecurity up. Due to the steep rise in food prices and the constant instability, even the most basic needs have become unattainable leaving 1.84 million Palestinians – 35 percent of the population – food insecure. The situation is particularly dire in Gaza, where unemployment rates stand at 45.3 percent and two out of every three people struggle to afford their next meal. Over the past year, most families have been unable to cope in the face of global food price increases, accelerated by the conflict in Ukraine. In 2022, food prices in Palestine reached their highest in six years. “This past year has been a nightmare for thousands of poorer Palestinian families who have been pushed to their absolute limit,” said Abdeljaber. ‘The average cost of a family’s food needs increased by 20 percent. For Palestinians with low purchasing power, every percentage point increase in prices leaves them unable to meet the most basic food needs.’ WFP’s assistance accounts for an average of nearly half what people spend on food. The loss of assistance will also take its toll on the fragile local economy impacting a network of 300 local shops contracted by WFP across Palestine. Each month, WFP injects around US$3 million into the Palestinian economy through its direct programmes related to electronic cash transfers that allow people to buy wheat flour, vegetable oil, and frozen meat. Through its cash-based transfers platform, WFP also facilitates the transfer of US$10 million every month to vulnerable families on behalf of humanitarian and development partners. ‘We urge government donors and the private sector to continue their support to WFP during this difficult time,’ said Abdeljaber. ‘Continued donor support has allowed us to provide a lifeline to Palestinians as well as build sustainable food solutions in Palestine. We need now, more than ever, to ensure that work does not stop.’

Source: National News Agency – Lebanon

Syria participates in 11th St. Petersburg International Legal Forum

With the participation of Syria, the 11th St. Petersburg International Legal Forum kicked off on Thursday in Russia under the title “International Cooperation for Ministers of Justice: Work Prospects and New Methods”.

Minister of Justice, Judge Ahmed al-Sayyed, will deliver a speech Friday in front of the forum, which is an important and influential platform for discussions on a wide range international legal issues.

Last year, Syria participated in the activities of the forum, as it signed two judicial agreements with the Russian Federation on extradition and mutual assistance in criminal matters.

Source: Syrian Arab News Agency

A tourist group of different nationalities visits Old Damascus city

A tourist group that includes 14 tourists from Britain , Canada, Germany, France, Ireland, Australia, Brazil, Netherlands and Finland visited Damascus on Thursday, where they viewed the archaeological and religious monuments and toured the old markets to buy handcrafted antiques and souvenirs, in addition to the acquisition of chains bearing their names in Arabic.

Head of Tourism Marketing and Information Department, Damascus Tourism Directorate, Eng. Abdel Basset Khattab said in a statement to SANA reporter that Syria has witnessed, since the beginning of this year, an active tourist movement from European countries.

Khattab noted that the Ministry of Tourism is working to overcome all difficulties and obstacles to facilitate the entry of tourists to Syria.

The tour guide accompanying the group, Rami Nawaya, stated that the group visited a number of archaeological and historical places in several provinces and carried beautiful impressions of the ancient Syrian civilization.

Nawaya added that the tourists lived the experience of the Damascene family and their hospitality through their presence in Beit al-Mamlouka Hotel in Old Damascus.

The Australian tourist Paris said that this is her second visit to Syria, and her favorite place is the charming city of Palmyra, which she would like to visit again.

The tourist pointed out that she stayed in one of the old Damascene houses of an architectural heritage character, and lived the experience of the Syrian family, wishing everyone to visit Syria to know the truth, contrary to what was reported by the Western media outlets, and to live in the charming eastern atmosphere.

In turn, the Canadian tourist Mika said that she visited many archaeological and historical places and enjoyed the company of the Syrian people, as she will convey the true image about Syria to her country and invite them to visit Syria.

Source: Syrian Arab News Agency

Syrian-Jordanian talks to boost parliamentary cooperation

Speaker of the Jordanian Parliament, Ahmed al-Safadi, discussed with Chargé d’affaires of the Syrian Embassy in Amman, Essam Niyal ways to enhance parliamentary cooperation between the two countries, in addition to a number of issues of common interest.

Talks during the meeting dealt with the Arab role in resolving the crisis in Syria based on preserving its unity, stability and territorial integrity, and in accordance with the firm Jordanian position, which considers a peaceful solution to be the only way out to resolve this crisis.

the talks also affirmed that stability of Syria will reflect positively on the entire region.

Al-Safadi said that the history of the Syrian people and their positions with their nation are unforgettable.

Jordan and Syria have historical relations, and it is our duty in the parliaments of the two countries to work to overcome obstacles to the return of relations to normal in order to serve the issues of the Arab and Islamic nations and the interests of our two brotherly peoples, al-Safadi added.

In turn, Ambassador Niyal pointed out to the great Jordanian role in Syria’s return to the Arab League, expressing his appreciation for the role of the House of Representatives and its positions in support of Syria.

Niyal noted the importance of the visit of the heads of Arab parliaments to Syria about three months ago.

Niyal expressed his thanks and appreciation for the Jordanian stances towards Syria.

Source: Syrian Arab News Agency

Saudi-Tunisian Military Exercise Kicks Off

Royal Saudi Land Forces (RSLF) represented by paratroopers units and the special forces, and the Tunisian army have started the military exercise “Kairouan 23” at the Special Forces Training Center in the Tunisian city of Kairouan.

The drill of Kairouan 23 witnessed the participation of several Saudi-Tunisian officers and personnel qualified in modern combat methods in different environments.

The exercise aims to enhance cooperation, coordination, and exchange of military expertise between the Kingdom of Saudi Arabia and the Republic of Tunisia.

Source: Saudi Press Agency

Passports Directorate at King Abdulaziz International Airport Finalizes Entry Procedures for Evacuees Arriving from Sudan

The Passports Directorate at King Abdulaziz International Airport in Jeddah has completed the entry procedures for nationals of brotherly and friendly countries who were evacuated from Sudan. At the same time, the passports office is tackling the situation of nationals who do not hold entry visas or passports in coordination with their countries, helping them complete the repatriation process.

This comes as part of the Directorate’s efforts to serve citizens and nationals of brotherly and friendly countries in coordination with the partner authorities.

Source: Saudi Press Agency

Nama Water Services, GUtech Ink Memorandum of Understanding

Nama Water Services today signed a memorandum of understanding with the German University of Technology in Oman (GUtech) dealing with enhancing cooperation in research and environment projects related to the fields of water and enhancing development and innovation.

The agreement was inked by Qais Saud Al Zakwani, CEO of Nama Water Services and Prof. Michael Modigell, Rector of GUtech.

The agreement stipulated conducting joint academic research in the environment field. It also deals with supporting and facilitating student research cooperation. Moreover, it approved conducting joint events, such as lectures and conferences.

Source: Oman News Agency

RNO Concludes Joint Naval Drill “Sharp Dagger”

Activities of the annual naval drill (Sharp Dagger), conducted by the Royal Navy of Oman (RNO), concluded today at Al Batinah maritime zone.

The drill was conducted with the support of the Royal Air Force of Oman (RAFO) jets, with the participation of a group of military ships belonging to the navies of a number of countries.

Source: Oman News Agency

Health Ministry Signs Agreement to Set Up Dialysis Unit at Sohar Health Complex

The Ministry of Health and Jusoor Foundation signed an agreement to finance the construction of a dialysis unit in Sohar Health Complex at a cost of RO 1 million.

The signing ceremony was attended by Dr. Hilal Ali Al Sabti, Minister of Health.

The agreement was signed Dr. Fatima Mohammed Al Ajmi, Undersecretary of the Ministry of Health for Administrative, Financial Affairs and Planning, and Jaber Sulaiman Al Busaidi, Executive Manager of Jusoor Foundation.

Dr. Fatima said that strong partnership between the government sector and other sectors in Oman serves the public interest.

On his part, Jaber Al Busaidi affirmed Jusoor Foundation’s keenness to cooperate with the public sector in aspects of development in Oman, which include health services.

Al Busaidi added that the new project includes the establishment of a dialysis unit in Sohar Health Complex on an area of 2,138 square metres. He pointed out that the unit will have a capacity of 21 beds and that Jusoor Foundation will equip the unit with the necessary medical devices and equipment in a manner that meets demand in the Governorate of North Al Batinah.

Source: Oman News Agency

Health Ministry Inaugurates Sohar Hospital Expansion

The Ministry of Health today inaugurated the expansion project of Sohar Hospital to the tune of RO 28 million. The project increases capacity by 270 beds to reach a total of 636 beds.

The first phase of the project was implemented with the direct supervision of the Royal Court Affairs. The project was carried out within the framework of the government’s efforts to ensure that services are delivered to the target segments and to promote decentralization in governorates. It also comes in line with keeping pace with increasing demand of specialized healthcare services.

The inauguration ceremony was held under the patronage of Abdulsalam Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA), at the presence of Hilal Ali Al Sabti, Minister of Health.

The expansion project includes the accident and emergency department, where the number of added beds reached 68. Those include eight for resuscitation (for adults and children) and setting up an adult intensive care unit (ICU) equipped with (17) beds. Moreover, 25 beds were added for the dialysis unit equipped with hemodialysis machines to keep pace with the steady increase in dialysis patients.

A number of surgical specialties were added, for which, some surgical units were prepared and expanded to provide emergency treatment and surgical services such as the cardiac catheterization service. The extension includes equipping a special unit for heart care consisting of two rooms equipped with the latest medical technologies.

Conducting cardiac catheterization procedures began in the new expansion, along with providing a 22-bed ward for post-operative heart patients. A special heart care unit is also available for heart patients consisting of (12) beds and two isolation rooms.

The new addition included 20 beds for the day-care unit to serve patients needing temporary admission and daily operations.

In addition, an MRI unit was established. Further, two CT scan machines and two television x-rays (sonar x-rays), a mammography device, a bone density device, an upper gastrointestinal endoscope, and a respiratory endoscope were added in order to facilitate access to proper and accurate diagnosis and early detection of diseases.

Source: Oman News Agency

Iraq And Iran Sign A MoU To Combat The Scourge Of Drugs

The Minister of Health, Dr. Salih al-Hasnawi, head of the Supreme Commission for Drug Control, signed today, Thursday, a memorandum of understanding with the Secretary-General of the Anti-Narcotics Committee in the Islamic Republic of Iran, Iskandar Momeni, representing the Iranian side, at the ministry’s headquarters.

The minister said in a statement: “The signing of this memorandum comes within the framework of cooperation relations between Iraq and Iran, for joint work between the two countries to confront the scourge of drugs,” stressing “the ministry’s determination to implement the priorities of the government program for the health sector.”

“The memorandum of understanding includes strengthening cooperation in the field of drug control and various health fields in accordance with mutual interests and the laws in force between the two friendly countries,” he added.

Source: National Iraqi News Agency